WSFS Q2 revenue beats estimates

Overview

• WSFS Q2 2025 revenue of $267.5 mln beats analyst expectations

• Adjusted EPS for Q2 2025 was $1.27, showing improvement from prior qtr

• Fee revenue grew 9% qtr/qtr, driven by Wealth and Trust business

• WSFS returned $87.3 mln to shareholders through buybacks and dividends

Outlook

• WSFS Financial expects continued growth in fee-based businesses

• Company anticipates momentum in client deposits from Trust business

• WSFS Financial updates FY 2025 outlook reflecting strong Q2 performance

Result Drivers

• NET INTEREST MARGIN - Improved NIM of 3.89% contributed to revenue growth

• FEE REVENUE GROWTH - 9% increase in fee revenue driven by Wealth and Trust segment

• DEPOSIT GROWTH - 6% annualized increase in client deposits, primarily from Trust business

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the banks peer group is "buy"

• Wall Street's median 12-month price target for WSFS Financial Corp is $64.50, about 9.8% above its July 23 closing price of $58.16

• The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release: ID:nBw2q9KgBa