Last $77.74 USD
Change Today -0.97 / -1.23%
Volume 29.5K
WSFS On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 8:10 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

wsfs financial corp (WSFS) Snapshot

Open
$78.36
Previous Close
$78.71
Day High
$78.36
Day Low
$77.36
52 Week High
02/6/15 - $80.00
52 Week Low
05/7/14 - $63.74
Market Cap
730.4M
Average Volume 10 Days
17.4K
EPS TTM
$6.12
Shares Outstanding
9.4M
EX-Date
02/11/15
P/E TM
12.7x
Dividend
$0.60
Dividend Yield
0.69%
Current Stock Chart for WSFS FINANCIAL CORP (WSFS)

wsfs financial corp (WSFS) Related Businessweek News

No Related Businessweek News Found

wsfs financial corp (WSFS) Details

WSFS Financial Corporation operates as the thrift holding company for the Wilmington Savings Fund Society, FSB that provides various financial services primarily in the mid-Atlantic region of the United States. It operates through WSFS Bank, Cash Connect, and Trust and Wealth Management segments. The company offers various deposit products, including savings accounts, demand deposits, interest-bearing demand deposits, money market deposit accounts, and certificates of deposits, as well as jumbo certificates of deposit. It also provides a range of loans, which comprise residential real estate loans; commercial real estate mortgage loans; commercial construction loans; commercial loans for working capital, financing equipment acquisitions, business expansion, and other business purposes; and consumer credit products, such as home improvement loans, home equity lines of credit, automobile loans, unsecured lines of credit, and other secured and unsecured personal installment loans. In addition, the company offers cash management, trust, and wealth management services. Further, it markets various third-party investment and insurance products, such as single-premium annuities, whole life policies, and securities; and provides investment advisory services to high net-worth individuals and institutions. Additionally, the company offers ATM vault cash and related services; and online reporting and ATM cash management, predictive cash ordering, armored carrier management, and ATM processing and equipment sales services. As of April 17, 2014, it operated 52 offices, including 42 in Delaware, 8 in Pennsylvania, 1 in Virginia, and 1 in Nevada. WSFS Financial Corporation was founded in 1832 and is headquartered in Wilmington, Delaware.

841 Employees
Last Reported Date: 01/29/15
Founded in 1832

wsfs financial corp (WSFS) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $610.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $306.9K
Chief Wealth Officer, Executive Vice Presiden...
Total Annual Compensation: $290.8K
Chief Commercial Banking Officer of Wsfs Bank...
Total Annual Compensation: $331.9K
Chief Retail Banking Officer of WSFS Bank and...
Total Annual Compensation: $320.9K
Compensation as of Fiscal Year 2013.

wsfs financial corp (WSFS) Key Developments

Stephen A. Fowle Resigns as the Executive Vice President and Chief Financial Officer of WSFS Financial Corp

On February 19, 2015, WSFS Financial Corporation announced that Stephen A. Fowle, the Company's Executive Vice President and Chief Financial Officer, resigned as the Executive Vice President and Chief Financial Officer of the Company.

WSFS Financial Plans Acquisitions

WSFS Financial Corp. (NasdaqGS:WSFS) intends to make acquisitions. Paul Geraghty, Chief Wealth Officer of the company said: “I think for the more mainstream single-client-focused wealth management businesses; I think there will be boutique acquisition opportunities for us because I think the cost for marketing is rising for the independents. And there are some quality independents in our geographic market space that I think would like to be at a customer-focused house like WSFS. I think for some people the regulatory environment is becoming oppressively expensive, so being able to ride our scale is helpful. With respect to acquisitions, we have a few broad principles, and one of them is that we want to acquire talent that's in it for the long run. We want to acquire small practices and people where we buy the existing business and then give them the opportunity to share the upside with us by being committed for the long term. We also feel strongly that we want to look at practices that are generally in our footprint and in a relatively close radius to where our customer base is, so that we can easily leverage those people into cross-selling meetings with the WSFS customer base. So acquisition's important, has to be on the right basis, has to be in the right businesses and equally important, has to be in the right physical place.”

WSFS Financial Corp. Declares Quarterly Cash Dividend, Payable on February 27, 2015; Reports Unaudited Financial Results for the Fourth Quarter and Year Ended December 31, 2014; Reports Net Charge-Offs for the Fourth Quarter of 2014

The Board of Directors of WSFS Financial Corp. approved a quarterly cash dividend of $0.15 per share of common stock. This dividend will be paid on February 27, 2015, to shareholders of record as of February 13, 2015. The company reported unaudited financial results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported interest income of $42,340,000 against $38,333,000 for the same period in the last year. Net interest income was $38,239,000 against $34,546,000 for the same period in the last year. Income before taxes was $18,993,000 against $18,452,000 for the same period in the last year. Net income allocable to common stockholders was $12,708,000 against $12,074,000 for the same period in the last year. Net income allocable to common stockholders per diluted share was $1.32 against $1.33 for the same period in the last year. Return on average assets was 1.07% against 1.09% for the same period in the last year. Return on average equity was 10.40% against 12.64% for the same period in the last year. Non-GAAP net income was $13,702,000 or $1.43 per share against $11,986,000 or $1.32 per share for the same period in the last year. Results for both the third and fourth quarter of 2014 included significant corporate development costs primarily related to the merger integration of The First National Bank of Wyoming (FNBW). Core(o) net revenues increased $4.5 million, or 8% above the fourth quarter 2013. For the year, the company reported interest income of $160,337,000 against $146,922,000 for the same period in the last year. Net interest income was $144,507,000 against $131,588,000 for the same period in the last year. Income before taxes was $71,386,000 against $71,638,000 for the same period in the last year. Net income allocable to common stockholders was $53,757,000 against $45,249,000 for the same period in the last year. Net income allocable to common stockholders per diluted share was $5.78 against $5.06 for the same period in the last year. Return on average assets was 1.17% against 1.07% for the same period in the last year. Return on average equity was 12.21% against 11.60% for the same period in the last year. Non-GAAP net income was $50,619,000 or $5.44 per share against $40,960,000 or $4.57 per share for the same period in the last year. Core revenues for the year increased 8% from last year. Book value per share was $52.01 as at December 31, 2014 against $43.06 as at December 31, 2013. Net charge-offs improved to $624,000, or only 8 basis points of gross loans annualized, compared to $2.2 million for the third quarter of 2014 and $1.5 million for the same quarter in 2013.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
WSFS:US $77.74 USD -0.97

WSFS Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Berkshire Hills Bancorp Inc $26.68 USD -0.05
First Commonwealth Financial Corp $8.48 USD -0.01
S&T Bancorp Inc $28.33 USD -0.58
Tompkins Financial Corp $51.95 USD -0.85
TrustCo Bank Corp NY $6.76 USD -0.04
View Industry Companies
 

Industry Analysis

WSFS

Industry Average

Valuation WSFS Industry Range
Price/Earnings 13.5x
Price/Sales 3.4x
Price/Book 1.5x
Price/Cash Flow 13.6x
TEV/Sales NM Not Meaningful
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact WSFS FINANCIAL CORP, please visit www.wsfsbank.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.