WSFS Financial Corporation (WSFS) 10-Year Financial Performance & Capital Metrics

WSFS • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingNortheast Community Banks

AboutWSFS Financial Corporation operates as the savings and loan holding company for the Wilmington Savings Fund Society, FSB that provides various banking services in the United States. It operates through three segments: WSFS Bank, Cash Connect, and Wealth Management. It offers various deposit products, including savings accounts, demand deposits, interest-bearing demand deposits, money market deposit accounts, and certificates of deposit, as well as accepts jumbo certificates of deposit from individuals, businesses, and municipalities. The company also provides a range of loans, which comprise fixed and adjustable rate residential loans; commercial real estate mortgage loans; commercial construction loans to developers; commercial loans for working capital, financing equipment and real estate acquisitions, business expansion, and other business purposes; and consumer credit products, such as home improvement, automobile, and other secured and unsecured personal installment loans, as well as home equity lines and unsecured lines of credit, and government-insured reverse mortgages. In addition, it offers various third-party investment and insurance products, such as single-premium annuities, whole life policies, and securities; investment advisory services to high net worth individuals and institutions; mortgage and title services; and leases small equipment and fixed assets, as well as cash management, trust, and wealth management services. Further, the company provides ATM vault cash, smart safe, and other cash logistics services; and online reporting and ATM cash management, predictive cash ordering and reconcilement services, armored carrier management, loss protection, ATM processing equipment sales, and deposit safe cash logistics services. As of December 31, 2020, it operated 112 offices, including 52 in Pennsylvania, 42 in Delaware, 16 in New Jersey, 1 in Virginia, and 1 in Nevada. The company was founded in 1832 and is headquartered in Wilmington, Delaware.Show more

Net Interest Income $705M -2.7%
Total Revenue $1.4B +10.8%
Net Income $264M -2.0%
Return on Equity 10.44% -9.4%
Net Interest Margin 3.39% -3.7%
Efficiency Ratio 45.32% +2.3%
ROA 1.27% -4.2%
Equity / Assets 12.39% +3.3%
Book Value per Share 43.18 +7.0%
Tangible BV/Share 26.64 +11.3%
Debt/Equity 0.15 -59.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient operations: 45.3% efficiency ratio
✓Well capitalized: 12.4% equity/assets
✓Share count reduced 2.4% through buybacks
✓Trading near 52-week high
✓Trading at only 1.3x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y19.5%

5Y14.61%

3Y29.76%

TTM-

Profit (Net Income) CAGR

10Y17.24%

5Y12.12%

3Y-0.96%

TTM5.88%

EPS CAGR

10Y8.73%

5Y8.82%

3Y-8.14%

TTM10.5%

ROCE

10Y Avg8.72%

5Y Avg9.61%

3Y Avg9.3%

Latest8.88%

Peer Comparison

Northeast Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
DCOMDime Community Bancshares, Inc.	1.37B	31.13	56.60	0.1%	4.5%	4.02%	6.79%	0.70
EBCEastern Bankshares, Inc.	4.4B	19.56	29.64	91.64%	11.17%	1.3%	6.14%	0.01
LYGLloyds Banking Group plc	80.5B	5.48	21.92	10.79%	11.75%	9.93%		1.76
CFGCitizens Financial Group, Inc.	26.03B	60.61	20.00	1.31%	12.22%	6.6%	7.22%	0.51
PFSProvident Financial Services, Inc.	2.65B	20.29	19.32	63.91%	10.13%	7.51%	16.04%	0.93
CBUCommunity Bank System, Inc.	3.3B	62.73	18.24	24.44%	19.4%	10.34%	6.71%	0.57
VLYValley National Bancorp	6.7B	12.02	17.42	6.51%	10.65%	6.53%	8.18%	0.50
INDBIndependent Bank Corp.	3.8B	76.62	16.95	6.89%	19.72%	7.76%	5.51%	0.23

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	166.8M	193.75M	221.27M	246.47M	444.95M	465.95M	433.65M	662.89M	725.1M	705.44M
NII Growth %	0.15%	0.16%	0.14%	0.11%	0.81%	0.05%	-0.07%	0.53%	0.09%	-0.03%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	182.58M	216.58M	254.73M	292.97M	521.09M	514.4M	456.37M	703.82M	976.52M	1.06B
Interest Expense	15.78M	22.83M	33.45M	46.5M	76.14M	48.45M	22.72M	40.92M	251.42M	358.14M
Loan Loss Provision	7.79M	12.99M	10.96M	13.17M	26.48M	153.18M	-117.92M	48.09M	88.07M	61.41M
Non-Interest Income+	90.26M	105.06M	122.82M	161.07M	188.11M	194.13M	185.48M	259.43M	289.02M	338.8M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	272.83M	321.64M	377.55M	454.04M	709.2M	708.53M	641.85M	963.25M	1.27B	1.4B
Revenue Growth %	0.16%	0.18%	0.17%	0.2%	0.56%	-0%	-0.09%	0.5%	0.31%	0.11%
Non-Interest Expense	165.46M	188.67M	224.64M	223.58M	412.21M	361.94M	379.35M	573.62M	560.78M	635.57M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	83.81M	97.15M	108.49M	170.8M	194.37M	144.96M	357.7M	300.61M	365.04M	347.26M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.15%	0.16%	0.12%	0.57%	0.14%	-0.25%	1.47%	-0.16%	0.21%	-0.05%
Pretax Income+	83.81M	97.15M	108.49M	170.8M	194.37M	144.96M	357.7M	300.61M	365.27M	347.26M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	30.27M	33.07M	58.25M	36.05M	46.45M	31.64M	86.09M	77.96M	96.25M	83.76M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	53.53M	64.08M	50.24M	134.74M	148.81M	114.77M	271.44M	222.38M	269.16M	263.67M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-0%	0.2%	-0.22%	1.68%	0.1%	-0.23%	1.37%	-0.18%	0.21%	-0.02%
Net Income (Continuing)	53.53M	64.08M	50.24M	134.74M	147.92M	113.32M	271.61M	222.65M	269.02M	263.5M
EPS (Diluted)+	1.80	2.06	1.56	4.19	2.89	2.27	5.69	3.49	4.40	4.41
EPS Growth %	-0.06%	0.14%	-0.24%	1.69%	-0.31%	-0.21%	1.51%	-0.39%	0.26%	0%
EPS (Basic)	1.80	2.04	1.60	4.27	2.89	2.27	5.71	3.50	4.40	4.43
Diluted Shares Outstanding	29.76M	31.09M	32.3M	32.17M	51.57M	50.55M	47.7M	63.66M	61.22M	59.74M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	560.99M	818.38M	720.26M	619.59M	571.75M	1.65B	1.53B	832.61M	1.09B	1.15B
Short Term Investments	1000K	1000K	1000K	1000K	0	0	0	0	0	1000K
Total Investments+	4.68B	5.46B	5.82B	6.28B	10.47B	11.39B	12.86B	16.47B	16.91B	16.94B
Investments Growth %	0.15%	0.17%	0.07%	0.08%	0.67%	0.09%	0.13%	0.28%	0.03%	0%
Long-Term Investments	3.96B	4.66B	4.99B	5.08B	10.47B	11.39B	12.86B	16.47B	16.91B	16.93B
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	85.21M	167.54M	166.01M	166.01M	472.83M	472.83M	472.83M	883.64M	885.9M	885.9M
Intangible Assets	10.08M	23.71M	22.44M	20.02M	95.92M	84.56M	74.4M	128.59M	118.66M	102.26M
PP&E (Net)	39.57M	48.87M	47.98M	44.96M	104.47M	96.56M	87.3M	115.6M	104.48M	86.03M
Other Assets	192.6M	228.16M	195.81M	93.63M	316.35M	344.48M	362.01M	846.09M	776.02M	912.42M
Total Current Assets	1.3B	1.63B	1.58B	1.85B	798.48M	1.94B	1.92B	1.47B	1.8B	1.9B
Total Non-Current Assets	4.29B	5.13B	5.42B	5.4B	11.46B	12.39B	13.86B	18.45B	18.8B	18.91B
Total Assets+	5.59B	6.77B	7B	7.25B	12.26B	14.33B	15.78B	19.91B	20.59B	20.81B
Asset Growth %	0.15%	0.21%	0.03%	0.04%	0.69%	0.17%	0.1%	0.26%	0.03%	0.01%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.02%	0.02%	0.01%	0.02%	0.01%	0.01%	0.01%
Accounts Payable	801K	1.15M	1.04M	1.9M	3.1M	1.45M	736K	5.17M	46.68M	38.17M
Total Debt+	934.21M	1.27B	937.81M	699.79M	489.29M	340.64M	239.48M	726.89M	895.08M	383.61M
Net Debt	373.22M	449.06M	213.94M	79.03M	-82.46M	-1.31B	-1.29B	-105.71M	-193.55M	-769.51M
Long-Term Debt	804.77M	1.14B	909.81M	541.81M	294.29M	340.64M	239.48M	726.89M	895.08M	383.61M
Short-Term Debt	128.2M	130M	28M	157.97M	195M	0	0	0	0	0
Other Liabilities	53.91M	70.9M	88.75M	85.83M	327.56M	345.68M	360.04M	777.23M	709.01M	783.34M
Total Current Liabilities	4.15B	4.87B	5.28B	5.8B	9.78B	11.86B	13.24B	16.21B	16.52B	17.07B
Total Non-Current Liabilities	858.68M	1.21B	998.55M	627.64M	621.85M	686.32M	599.51M	1.5B	1.6B	1.17B
Total Liabilities	5.01B	6.08B	6.28B	6.43B	10.41B	12.54B	13.84B	17.71B	18.12B	18.23B
Total Equity+	580.47M	687.34M	724.35M	820.92M	1.85B	1.79B	1.94B	2.2B	2.47B	2.58B
Equity Growth %	0.19%	0.18%	0.05%	0.13%	1.25%	-0.03%	0.08%	0.14%	0.12%	0.04%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.1%	0.1%	0.07%	0.17%	0.11%	0.06%	0.15%	0.11%	0.12%	0.1%
Book Value per Share	19.50	22.11	22.42	25.52	35.87	35.40	40.61	34.59	40.34	43.18
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	560K	580K	563K	569K	575K	576K	577K	759K	761K	763K
Additional Paid-in Capital	256.44M	329.46M	336.27M	349.81M	1.05B	1.05B	1.06B	1.97B	1.98B	2B
Retained Earnings	570.63M	627.08M	669.56M	791.03M	917.38M	977.41M	1.22B	1.41B	1.64B	1.87B
Accumulated OCI	696K	-7.62M	-8.15M	-15.39M	23.5M	56.01M	-37.77M	-675.84M	-593.99M	-624.88M
Treasury Stock	-247.85M	-262.16M	-273.89M	-305.1M	-140.21M	-295.29M	-307.32M	-505.25M	-557.54M	-653.85M
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	74.18M	80.18M	130.17M	135.57M	89.87M	15.14M	125.65M	480.85M	237M	219.9M
Operating CF Growth %	0.09%	0.08%	0.62%	0.04%	-0.34%	-0.83%	7.3%	2.83%	-0.51%	-0.07%
Net Income	53.53M	64.08M	50.24M	134.74M	147.92M	113.32M	271.61M	222.65M	269.02M	263.5M
Depreciation & Amortization	8.18M	9.91M	11.63M	11.27M	49.81M	38.2M	37.84M	60.54M	48.6M	39.7M
Deferred Taxes	2.23M	5.37M	17.9M	3.38M	7.07M	-32.85M	39.84M	-4M	-5.4M	-8.16M
Other Non-Cash Items	9.11M	3.16M	50.01M	-1.39M	-130.7M	-87.15M	-164.16M	-20.26M	-35.64M	-46.13M
Working Capital Changes	-2.97M	-5.39M	-3.01M	-14.72M	12.15M	-19.06M	-65.16M	215.58M	-49.2M	-40.91M
Cash from Investing+	-275.84M	-276.59M	-388.79M	-359.91M	293.82M	-874.94M	-1.49B	-137.37M	-326.26M	-66.73M
Purchase of Investments	-329.74M	-375.31M	-706.65M	-500.03M	-958.26M	-1.46B	-3.49B	-1.34B	-27.69M	-67.43M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	40.86M	39.79M	0	0	76.07M	0	0	573.75M	-3M	0
Other Investing	-277.57M	-220.88M	-330.45M	10.52M	286.15M	-431.68M	1.27B	-445.2M	-734.86M	-396.76M
Cash from Financing+	255.69M	457.16M	160.56M	121.23M	-432.69M	1.94B	1.24B	-1.04B	344.9M	-91.25M
Dividends Paid	-6M	-7.63M	-9.43M	-13.25M	-22.46M	-24.37M	-24.24M	-35.75M	-36.74M	-35.8M
Share Repurchases	-31.66M	-14.31M	-11.75M	-31.2M	-97.19M	-155.83M	-13.27M	-200.08M	-54.65M	-96.31M
Stock Issued	3.16M	1.9M	3.42M	11.25M	7.75M	2.03M	1.52M	3.18M	3.3M	466K
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	1000K	-1000K	-1000K	-1000K	1000K	-1000K	1000K	1000K	-1000K
Other Financing	25.62M	206.9M	381.31M	535.96M	-105.01M	2.08B	1.39B	-1.16B	247.99M	554.36M
Net Change in Cash+	53.14M	260.74M	-98.06M	-103.11M	-49.01M	1.08B	-121.8M	-695.68M	255.64M	61.92M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	508.04M	561.18M	821.92M	723.87M	620.76M	571.75M	1.65B	1.53B	837.26M	1.09B
Cash at End	561.18M	821.92M	723.87M	620.76M	571.75M	1.65B	1.53B	837.26M	1.09B	1.15B
Interest Paid	15.98M	22.48M	33.57M	45.64M	74.94M	50.1M	23.43M	36.49M	209.91M	366.65M
Income Taxes Paid	23.4M	24.82M	31.44M	33.32M	33.84M	72.76M	40.69M	58.15M	99.14M	82.12M
Free Cash Flow+	65.81M	70.31M	122.44M	130.07M	75.67M	7.98M	119.07M	472.05M	230.6M	205.64M
FCF Growth %	0.04%	0.07%	0.74%	0.06%	-0.42%	-0.89%	13.92%	2.96%	-0.51%	-0.11%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	10.01%	10.11%	7.12%	17.44%	11.14%	6.31%	14.57%	10.75%	11.52%	10.44%
Return on Assets (ROA)	1.03%	1.04%	0.73%	1.89%	1.53%	0.86%	1.8%	1.25%	1.33%	1.27%
Net Interest Margin	2.99%	2.86%	3.16%	3.4%	3.63%	3.25%	2.75%	3.33%	3.52%	3.39%
Efficiency Ratio	60.65%	58.66%	59.5%	49.24%	58.12%	51.08%	59.1%	59.55%	44.31%	45.32%
Equity / Assets	10.39%	10.16%	10.35%	11.32%	15.09%	12.48%	12.28%	11.06%	11.99%	12.39%
Book Value / Share	19.5	22.11	22.42	25.52	35.87	35.4	40.61	34.59	40.34	43.18
NII Growth	15.43%	16.15%	14.21%	11.39%	80.53%	4.72%	-6.93%	52.86%	9.39%	-2.71%
Dividend Payout	11.21%	11.91%	18.76%	9.83%	15.1%	21.23%	8.93%	16.07%	13.65%	13.58%

Revenue by Segment

	2014	2015	2016	2017	2018	2019	2020	2021	2022	2024
Service, Other	-	-	-	-	26.86M	29.92M	29.14M	34.8M	52.62M	57.32M
Service, Other Growth	-	-	-	-	-	11.41%	-2.59%	19.39%	51.23%	8.93%
Managed Service Fees	-	-	-	-	12.11M	14.15M	15.45M	16.43M	17.99M	21.24M
Managed Service Fees Growth	-	-	-	-	-	16.83%	9.16%	6.32%	9.53%	18.04%
Miscellaneous Products And Services	-	-	-	-	8.77M	10.02M	7.44M	11.79M	20.03M	13.72M
Miscellaneous Products And Services Growth	-	-	-	-	-	14.23%	-25.74%	58.37%	69.92%	-31.51%
Capital Market Revenue	-	-	-	-	-	-	-	-	7.86M	11.86M
Capital Market Revenue Growth	-	-	-	-	-	-	-	-	-	50.96%
Currency Preparation	-	-	-	-	3.58M	3.19M	3.85M	4.06M	4.12M	7.39M
Currency Preparation Growth	-	-	-	-	-	-10.63%	20.63%	5.45%	1.38%	79.42%
ATM Insurance	-	-	-	-	2.39M	2.55M	2.4M	2.52M	2.63M	3.11M
ATM Insurance Growth	-	-	-	-	-	6.56%	-5.88%	5.04%	4.16%	18.50%
WSFS Bank	-	-	251.09M	291.68M	-	-	-	-	-	-
WSFS Bank Growth	-	-	-	16.17%	-	-	-	-	-	-
Wealth Management	-	30.73M	34.77M	45.05M	-	-	-	-	-	-
Wealth Management Growth	-	-	13.15%	29.55%	-	-	-	-	-	-
Cash Connect	25.7M	28.42M	33.07M	42.64M	-	-	-	-	-	-
Cash Connect Growth	-	10.59%	16.36%	28.94%	-	-	-	-	-	-
Wsfs Bank	187.01M	211.68M	-	-	-	-	-	-	-	-
Wsfs Bank Growth	-	13.19%	-	-	-	-	-	-	-	-
Trust And Wealth Management	25.91M	-	-	-	-	-	-	-	-	-
Trust And Wealth Management Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

WSFS Financial Corporation (WSFS) has a price-to-earnings (P/E) ratio of 13.0x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

WSFS Financial Corporation (WSFS) grew revenue by 10.8% over the past year. This is steady growth.

Yes, WSFS Financial Corporation (WSFS) is profitable, generating $278.9M in net income for fiscal year 2024 (18.8% net margin).

Dividend & Returns

Yes, WSFS Financial Corporation (WSFS) pays a dividend with a yield of 1.05%. This makes it attractive for income-focused investors.

WSFS Financial Corporation (WSFS) has a return on equity (ROE) of 10.4%. This is reasonable for most industries.

Industry Metrics

WSFS Financial Corporation (WSFS) has a net interest margin (NIM) of 3.4%. This indicates healthy earnings from lending activities.

WSFS Financial Corporation (WSFS) has an efficiency ratio of 45.3%. This is excellent, indicating strong cost control.

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