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WSFS Financial Corp (WSFS.OQ)

WSFS.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

WSFS Announces Actions Related To The Tax Cuts And Jobs Act Of 2017
Friday, 5 Jan 2018 

Jan 4 (Reuters) - WSFS Financial Corp ::WSFS ANNOUNCES ACTIONS RELATED TO THE TAX CUTS AND JOBS ACT OF 2017, AND OTHER YEAR-END NOTEWORTHY ITEMS.WSFS FINANCIAL - ESTIMATES REVALUATION OF DTA WILL RESULT IN INCREMENTAL INCOME TAX CHARGE OF ABOUT $12 - $13 MILLION IN Q4.WSFS FINANCIAL CORP - ANTICIPATES A NEGATIVE EARNINGS PER SHARE IMPACT OF ABOUT $0.37 TO $0.40 IN Q4 RESULTING FROM INCOME TAX CHARGE.WSFS FINANCIAL CORP - CO WILL SURRENDER ALL BANK-OWNED LIFE INSURANCE POLICIES IN 2018.WSFS FINANCIAL CORP - DECISION TO SURRENDER BOLI POLICIES WILL RESULT IN AN INCREMENTAL INCOME TAX CHARGE OF APPROXIMATELY $8 MILLION IN Q4 2017.WSFS FINANCIAL CORP - COMPANY ANTICIPATES AN IMPACT ON EPS IN Q4 OF APPROXIMATELY $0.25 RESULTING FROM THE $8 MILLION INCOME TAX CHARGE.  Full Article

WSFS and SoFi Strike Agreement on New Cash Management Account
Thursday, 7 Dec 2017 

Dec 7 (Reuters) - WSFS Financial Corp ::WSFS AND SOFI STRIKE AGREEMENT ON NEW CASH MANAGEMENT ACCOUNT.SAYS ENTERED 2-YEAR PARTNERSHIP TO PROVIDE PAYMENT PROCESSING, DEBIT CARD SPONSORSHIP SERVICES FOR NEW CASH MANAGEMENT ACCOUNT BY SOFI SECURITIES.  Full Article

WSFS Financial reports Q3 core earnings per share $0.64
Tuesday, 24 Oct 2017 

Oct 24 (Reuters) - WSFS Financial Corp :WSFS reports 3Q 2017 EPS of $0.64 and ROA of 1.20 pct; net revenue improves 16 pct over 3Q 2016, driven by strong growth across loans, deposits, net interest margin and fee income; quarterly cash dividend increases 29 pct to $0.09 per share.Q3 core earnings per share $0.64.Q3 earnings per share view $0.65 -- Thomson Reuters I/B/E/S.Q3 earnings per share $0.64.WSFS Financial Corp qtrly ‍net interest income was $56.1 million, an increase of $7.1 million, or 14 pct from 3Q 2016​.  Full Article

WSFS Financial announces deal with Powdermill Financial Solutions
Thursday, 4 Aug 2016 

WSFS Financial Corp : Powdermill Financial will be a subsidiary of WSFS Financial and members of Powdermill team will become WSFS associates . Deal will be immediately accretive to eps and roa .Company will continue to operate as Powdermill Financial Solutions.  Full Article

WSFS reports qtrly EPS of $0.58
Friday, 29 Jul 2016 

WSFS Financial Corp : Wsfs Financial Corp qtrly net revenues of $71.3 million, or an increase of $9.7 million over last year . Wsfs Financial Corp says net interest income for q2 of 2016 was $46.4 million, an increase of $7.3 million, or 19% compared to q2 of 2015 . 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 . Wsfs Financial Corp qtrly diluted earnings per share $0.58 .Wsfs Financial Corp says "in august we expect to complete our previously announced merger with Penn Liberty Bank in southeastern Pennsylvania".  Full Article

WSFS Financial Corp announces pricing of senior notes offering
Thursday, 9 Jun 2016 

WSFS Financial Corp : WSFS financial corporation announces pricing of senior notes offering . Says priced its offering of $100 million aggregate principal amount of fixed-to-floating rate senior notes due 2026 . Notes will bear a fixed interest rate of 4.50% per year from, but excluding, June 15, 2021, payable semi-annually in arrears .Expects to use net proceeds from sale of notes for general corporate purposes financing organic growth, acquisitions.  Full Article

WSFS Financial announces commencement of senior notes offering
Wednesday, 8 Jun 2016 

Wsfs Financial Corp :WSFS Financial Corporation announces commencement of senior notes offering.  Full Article

WSFS Financial files for a potential mixed shelf offering
Wednesday, 8 Jun 2016 

WSFS Financial Corp :Files for a potential mixed shelf offering; size undisclosed - SEC filing.  Full Article

WSFS appoints Dominic Canuso as CFO
Thursday, 12 May 2016 

Wsfs Financial Corp : Canuso most recently served as senior director of finance at barclaycard us . Rodger levenson who served as interim cfo , will continue in role as evp, chief corporate development officer .Wsfs welcomes dominic c. Canuso, mba and cfa as chief financial officer and announces other executive transitions.  Full Article

BRIEF-WSFS Announces Actions Related To The Tax Cuts And Jobs Act Of 2017

* WSFS ANNOUNCES ACTIONS RELATED TO THE TAX CUTS AND JOBS ACT OF 2017, AND OTHER YEAR-END NOTEWORTHY ITEMS