WSFS Financial Corporation (WSFS)

WSFS Financial Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	916.26	845.27	582.75	393.25	460.39	463.22
Interest Income on Investments	141.22	131.25	121.06	63.12	54.01	57.87
Total Interest Income	1,057	976.52	703.82	456.37	514.41	521.09
Interest Paid on Deposits	297.45	209.82	28.18	14.92	39.26	60.08
Interest Paid on Borrowings	54.66	41.6	12.74	7.8	9.19	16.07
Total Interest Expense	352.12	251.42	40.93	22.72	48.45	76.14
Net Interest Income	705.36	725.1	662.89	433.65	465.96	444.95
Net Interest Income Growth (YoY)	-4.79%	9.39%	52.86%	-6.93%	4.72%	80.53%
Trust Income	142.66	131.05	121.61	62.35	48.98	42.45
Mortgage Banking Activities	7.05	4.8	7.27	23.22	30.2	11.05
Gain (Loss) on Sale of Investments	13.02	9.82	5.98	4.77	31.89	26.51
Other Non-Interest Income	70.51	59.09	60.7	43.58	34.94	34.74
Total Non-Interest Income	344.82	289.87	260.13	185.48	201.03	188.11
Non-Interest Income Growth (YoY)	28.88%	11.43%	40.25%	-7.73%	6.87%	15.73%
Revenues Before Loan Losses	1,050	1,015	923.02	619.13	666.98	633.06
Provision for Loan Losses	78.19	88.07	48.09	-117.09	153.18	25.56
Revenue	971.99	926.9	874.94	736.22	513.8	607.5
Revenue Growth (YoY)	4.32%	5.94%	18.84%	43.29%	-15.42%	53.47%
Salaries and Employee Benefits	302.92	279.19	274.91	207.87	191.22	182.56
Federal Deposit Insurance	17.16	15.89	6.1	4.08	2.15	1.48
Selling, General & Administrative	144.04	146.53	180.23	114.92	100.36	140.9
Other Non-Interest Expense	149.49	119.41	89.92	63.55	65.43	68.9
Total Non-Interest Expense	615.65	561.86	551.85	391.08	366.05	397.46
EBT Excluding Unusual Items	356.33	365.04	323.08	345.13	147.75	210.04
Legal Settlements	-	-	-	15	-	-
Other Unusual Items	-	-	-	-1.09	-2.28	0.46
Pretax Income	355.78	365.27	300.61	357.7	144.96	194.37
Income Tax Expense	92.93	96.25	77.96	86.1	31.64	46.45
Earnings From Continuing Operations	262.85	269.03	222.65	271.61	113.32	147.92
Minority Interest in Earnings	0.53	0.13	-0.27	-0.16	1.45	0.89
Net Income	263.38	269.16	222.38	271.44	114.77	148.81
Net Income to Common	263.38	269.16	222.38	271.44	114.77	148.81
Net Income Growth	-9.09%	21.04%	-18.08%	136.50%	-22.87%	10.44%
Basic Shares Outstanding	60	61	63	48	51	49
Diluted Shares Outstanding	60	61	64	48	51	50
Shares Change (YoY)	-2.13%	-3.83%	33.45%	-5.63%	2.00%	54.05%
EPS (Basic)	4.39	4.40	3.50	5.71	2.27	3.02
EPS (Diluted)	4.39	4.40	3.49	5.69	2.27	3.00
EPS Growth	-6.62%	26.07%	-38.66%	150.66%	-24.33%	-28.40%
Dividend Per Share	0.600	0.600	0.560	0.510	0.480	0.470
Dividend Growth	0%	7.14%	9.80%	6.25%	2.13%	11.90%
Effective Tax Rate	26.12%	26.35%	25.93%	24.07%	21.82%	23.90%

Source: S&P Capital IQ. Banks template. Financial Sources.