WSFS Reports Strong Q4 Earnings, Exceeding Expectations
WILMINGTON, Del. (AP) - WSFS Financial Corp. (WSFS) announced earnings of $64.2 million for the fourth quarter, representing a 1.76% increase. On a per-share basis, the company reported earnings of $1.09, which adjusted for non-recurring costs, reached $1.11.
These results surpassed analyst expectations, with Zacks Investment Research predicting earnings of 98 cents per share. WSFS posted revenue of $346.6 million during the quarter, with adjusted revenue amounting to $261.5 million.
For the full year, WSFS recorded a profit of $263.7 million, equivalent to $4.41 per share. Total revenue for the year stood at $1.05 billion.