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AI brief of an SEC Form 8-K · WSFS Financial (WSFS)

WSFS 1Q 2024 EPS of $1.09 up from $1.01 a year earlier; revenue down from 4Q

Mixed Impact 3 of 5 earnings Written later

WSFS Financial reported first-quarter 2024 diluted EPS of $1.09 and net income of $65.8 million, both higher than a year earlier and the prior quarter. Total net revenue was $251.1 million, down from $265.3 million in the fourth quarter of 2023 but up from $245.7 million a year earlier, and core EPS was $1.11 versus $1.15 in the fourth quarter.

Key points

  • Net income attributable to WSFS was $65.8 million, versus $63.9 million in 4Q 2023 and $62.4 million in 1Q 2023.
  • Total net revenue was $251.1 million, versus $265.3 million in 4Q 2023 and $245.7 million in 1Q 2023.
  • Net interest margin was 3.84%, down from 3.99% in 4Q 2023; the company cited lagging deposit pricing after 2023 rate hikes.
  • WSFS repurchased shares for $21.0 million and approved a quarterly dividend of $0.15 per share, payable May 24, 2024.

The filing

CompanyWSFS Financial (WSFS)
Form8-K, current report
Filed with the SECApr 25, 2024, 4:06 PM ET
Accession number0001628280-24-018158

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:01 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 25, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.