WSFS Financial (WSFS) Reports In-Line Q1 EPS

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WSFS Reports 1Q 2017 EPS of $0.59, a 13% Increase Over 1Q 2016; Net Revenue Improves 18% Over 1Q 2016 Driven by Strong Organic and Acquisition Growth in Loans, Deposits, and Fee Income

April 27, 2017 4:06 PM EDT

WILMINGTON, Del., April 27, 2017 (GLOBE NEWSWIRE) -- WSFS Financial Corporation (NASDAQ: WSFS), the parent company of WSFS Bank, reported net income of $18.9 million, or $0.59 per diluted common share for 1Q 2017 compared to net income of $15.8 million, or $0.52 per share for 1Q 2016 and net income of $18.1 million, or $0.56 per share for 4Q 2016.

Reported results for 1Q 2017 included net revenues of $81.2 million, which increased $12.2 million, or 18% from 1Q 2016.  Net revenues included net interest income of $53.1 million, an increase of $7.7 million, or 17% from 1Q 2016 and noninterest income of $28.1 million, an increase of $4.4 million, or 19% from... More