WSFS Posts $1.75 Q3 EPS, Topping Prior Quarter's $1.63
WSFS sits 53% above its 52-week low of $50.795.
Summary
WSFS reported third-quarter EPS of $1.75, up from $1.63 in Q2 and reflecting year-over-year growth of 28%. That is a solid sequential step up for a regional bank with a roughly $4 billion market value, and it suggests the wealth-fee momentum and lighter credit costs flagged in the Q2 10-Q carried into the third quarter. The quarter showed ROA of 1.58% and NIM of 3.88%, with Wealth and Trust Fees up 30% year over year. Revenue came in at $287.6M. Q2 results were filed August 5; this is the first hard number on Q3.
At the time of this announcement, WSFS was trading at $77.51 on NASDAQ in the Finance sector, with a market capitalization of approximately $4B. The 52-week trading range was $50.80 to $82.94. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.