Keefe, Bruyette & Woods Upgrades WSFS Financial (WSFS) to Outperform
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WSFS Reports 3Q 2016 EPS of $0.41; Results Impacted by Acquisition Costs and Active Credit Management; Net Revenue Grows 21% Driven by Strong Loan, Deposit and Fee Growth; Board Approves a 17% Increas
October 27, 2016 5:59 PM EDTWILMINGTON, Del., Oct. 27, 2016 (GLOBE NEWSWIRE) -- WSFS Financial Corporation (NASDAQ: WSFS), the parent company of WSFS Bank, reported net income of $12.7 million, or $0.41 per diluted common share for 3Q 2016 compared to net income of $14.4 million, or $0.51 per share for 3Q 2015 and net income of $17.5 million, or $0.58 per share for 2Q 2016.
Net income for the first nine months of 2016 grew $6.4 million, or 16%, to $46.0 million, or $1.50 per diluted common share, from $39.5 million, or $1.39 per share for the same period of 2015 resulting in EPS growth of $0.11 per share, or 8%.
Results for 3Q... More
