WILMINGTON, Del. (AP) _ WSFS Financial Corp. (WSFS) on Monday reported first-quarter profit of $10.9 million.
On a per-share basis, the Wilmington, Delaware-based company said it had net income of 21 cents. Earnings, adjusted for non-recurring costs, came to 23 cents per share.
The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 67 cents per share.
The bank holding company posted revenue of $174.7 million in the period. Its adjusted revenue was $157 million, surpassing Street forecasts. Three analysts surveyed by Zacks expected $150.3 million.
WSFS shares have fallen 44% since the beginning of the year. In the final minutes of trading on Monday, shares hit $24.83, a decline of 42% in the last 12 months.