WSFS Financial Full Year 2023 Earnings: Beats Expectations
WSFS Financial (NASDAQ:WSFS) Full Year 2023 Results
Key Financial Results
Revenue: US$926.9m (up 5.9% from FY 2022).
Net income: US$269.2m (up 21% from FY 2022).
Profit margin: 29% (up from 25% in FY 2022).
EPS: US$4.40 (up from US$3.51 in FY 2022).
WSFS Banking Performance Indicators
Non-performing loans: 0.58% (up from 0.36% in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
WSFS Financial Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 1.0%.
Looking ahead, revenue is forecast to grow 5.3% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Banks industry in the US.
Performance of the American Banks industry.
The company's shares are up 3.9% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 1 warning sign for WSFS Financial you should know about.
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