WSFS Financial (WSFS) Tops Q2 EPS by 3c

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Go back to WSFS Financial (WSFS) Tops Q2 EPS by 3c

WSFS Reports EPS of $0.58, a 35% Increase Over the 2nd Quarter of 2015; and ROA of 1.23%, ROE of 11.6% and ROTCE of 14.0% for the 2nd Quarter of 2016; All Driven by Strong Growth in Revenue

July 28, 2016 4:17 PM EDT

WILMINGTON, Del., July 28, 2016 (GLOBE NEWSWIRE) -- WSFS Financial Corporation (Nasdaq: WSFS), the parent company of WSFS Bank, reported net income of $17.5 million, or $0.58 per diluted common share for the second quarter of 2016 compared to net income of $12.2 million, or $0.43 per share for the second quarter of 2015 and net income of $15.8 million, or $0.52 per share for the first quarter of 2016.

Results for the second quarter of 2016 (compared to the same period of 2015) reflect net revenues of $71.3 million, or an increase of $9.7 million, net interest income of $46.4 million, or an increase of... More