Flash FinanceUS
Market closed · weekend S&P 5007,376.86+0.31% Nasdaq24,579.42+1.09% Dow 3051,285.73-0.46% Russell 20002,754.11+0.89% Nasdaq-10026,989.99+1.35% MidCap 4003,602.50+0.56% SmallCap 6001,673.98+0.05% VIX25.64-9.01% 10Y Yield4.86+0.45% Close of Nov 06, 2026
AI brief of an SEC Form 8-K · WSFS Financial (WSFS)

WSFS 4Q 2024 EPS rises to $1.09 as total revenue falls on Cash Connect client loss

Mixed Impact 3 of 5 earnings Written later

WSFS Financial reported fourth-quarter 2024 diluted EPS of $1.09, up from $1.05 a year earlier and $1.08 in the third quarter, with net income of $64.2 million. Total net revenue fell to $261.5 million from $267.7 million in the prior quarter and $265.3 million a year earlier, while noninterest expense rose to $169.1 million, partly due to a $4.7 million one-time charge tied to the termination of a Cash Connect client relationship.

Key points

  • 4Q 2024 diluted EPS was $1.09, compared with $1.08 in 3Q 2024 and $1.05 in 4Q 2023; full-year 2024 EPS was $4.41 versus $4.40 in 2023.
  • Total net revenue was $261.5 million, down from $267.7 million in 3Q 2024 and $265.3 million in 4Q 2023.
  • Cash Connect posted a $3.4 million pre-tax loss in 4Q 2024 after one-time charges of $4.7 million tied to ending a long-standing client relationship; WSFS is pursuing recovery through insurance and other avenues.
  • Customer deposits rose 4% to $17.0 billion from 3Q 2024, and the company repurchased $20.9 million of common stock in the quarter.

The filing

CompanyWSFS Financial (WSFS)
Form8-K, current report
Filed with the SECJan 27, 2025, 4:13 PM ET
Accession number0001628280-25-002631

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

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:01 AM ET, from the text of the filing and its press-release exhibits 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 January 27, 2025.

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