WSFS issues 3Q earnings

 

WSFS Financial Corporation, the parent company of WSFS Bank, reported net income of $20.6 million, or $0.64 per diluted common share for the third quarter, compared to $12.7 million for the same quarter last year.

Core earnings per share were 64 cents, up 25 percent from 51 cents in the third quarter of 2016.

The bank’s net revenue was $88.6 million for the third quarter, up about $12 million over the third quarter of 2016.

Return on average assets was 1.20 percent. That compares with 0.82 percent for the third quarter of last year, and return on equity was 11.06 percent, compared to 7.66 percent for the third quarter of last year.

WSFS announced a quarterly cash dividend of 9 cents per share.

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