WSFS Financial Corporation Announces Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2019
January 22, 2020 at 02:38 am IST
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WSFS Financial Corporation announced unaudited earnings results for the fourth quarter and full year ended December 31, 2019. For the quarter, the company announced net interest income was $117,569,000 compared to $64,674,000 for the same period a year ago. Net income was $45,424,000 compared to $29,718,000 for the same period a year ago. Diluted earnings per share of common stock was $0.88 compared to $0.93 for the same period a year ago.
For the year, the company announced net interest income was $444,948,000 compared to $246,474,000 for the same period a year ago. Net income was $147,918,000 compared to $134,743,000 for the same period a year ago. Diluted earnings per share of common stock was $3.00 compared to $4.19 for the same period a year ago.
WSFS Financial Corporation is a savings and loan holding company. The Company operates through its subsidiary, Wilmington Savings Fund Society, FSB (the Bank). The Companyâs segments include WSFS Bank, Cash Connect and Wealth Management. The WSFS Bank segment provides loans and leases, deposits and other financial products to commercial and consumer customers. WSFS Bank also offers a variety of consumer loan products, retail securities and insurance brokerage services through its branches, and mortgage and title services through WSFS Mortgage. Its Cash Connect segment provides ATM vault cash, smart safe and cash logistics services in the United States, servicing non-bank ATMs and smart safes nationwide and supporting ATMs for WSFS Bank Customers. The Wealth Management segment provides a range of planning and advisory services, investment management, personal and institutional trust services, and credit and deposit products to individual, corporate, and institutional clients.
WSFS FINANCIAL CORPORATION 
