WSFS Earnings Prediction
The chart below shows how WSFS performed 10 days before and after its earnings report, based on data from the past quarters. Typically, WSFS sees a -3.94% change in stock price 10 days leading up to the earnings, and a +0.35% change 10 days following the report. On the earnings day itself, the stock moves by +0.53%. This data can give you a slight idea of what to expect for the next quarter's release.
WSFS Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
236.70M
-0.76%
-1.34%
Gross Margin
--
--
--
Operating Margin
36.84%
-6.50%
1.35%
Net Margin
27.10%
1.80%
0.93%
EPS
1.09
3.81%
0.93%
No Data Available
WSFS Earnings Analysis
WSFS Financial Corp Corporation (WSFS.O) Earnings Conference Call
Positive
Core Earnings Performance: Core earnings per share for Q4 2024 reached $1.11, contributing to a full year core earnings per share of $4.39, reflecting strong financial performance.
Core Return on Assets: Core return on assets for Q4 was 1.24%, with a full year core return on assets of 1.26%, indicating effective asset utilization.
Core Fee Revenue Growth: Core fee revenue grew by 7% year over year in Q4, driven by the Wealth and Trust business, which achieved a record fee quarter of $40 million.
Customer Deposit Growth: Customer deposits increased by 4% linked quarter, with non-interest bearing deposits growing by 6%, demonstrating strong customer engagement and trust.
Credit Cost Reduction: Total net credit costs decreased by $11.4 million from the prior quarter, reflecting improvements in early-stage metrics of problem assets and delinquencies.
Negative
Client Termination Impact: Termination of a long-standing cash connect client resulted in a negative $4.7 million pretax impact, including a $2.8 million hit to core fee revenue and a $1.9 million increase in core non-interest expense.
Loan Demand Weakness: Loans declined by 1% linked quarter, attributed to higher seasonal payoffs and business sales, indicating potential weakness in loan demand.
Asset Quality Concerns: Non-performing assets increased quarter over quarter due to the migration of one relationship with two loans, raising concerns about asset quality.
Rising Operational Costs: Total expenses for the year increased by approximately 15%, primarily driven by higher salaries and benefits, indicating rising operational costs that may pressure margins.
Net Charge-Off Outlook: The outlook for net charge-offs is expected to be between 35 to 45 basis points of average loans for the year, reflecting a normalization of credit risk and potential future losses.
WSFS FAQs
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WSFS Earning Call Sentiment
Earnings call transcript: WSFS Q4 2024 beats EPS expectations, stock rises
WSFS.O
2.9%Positive
The earnings call summary reflects a generally positive outlook, with strong core earnings growth, a robust shareholder return plan, and strategic investments in talent and technology. Despite some competitive pressures and a slight decline in ROA, the company's buyback strategy and dividend distribution are likely to support stock prices. The Q&A section reveals confidence in managing expenses and profitability, with no major negative sentiments from analysts. Given the company's market cap, these factors suggest a positive stock price movement in the short term.
