WSFS Financial Q1 Adjusted Earnings, Revenue Rise; Ups Dividend

MT Newswires Live
25 Apr

WSFS Financial (WSFS) reported Q1 adjusted earnings late Thursday of $1.13 per diluted share, up from $1.11 a year ago.

Analysts polled by FactSet expected $1.05.

Revenue for the quarter ended March 31, expressed as the sum of net interest income and total noninterest income, was $256.1 million, up from $251.1 million a year ago.

Analysts surveyed by FactSet expected $256.5 million.

WSFS said the board raised its quarterly dividend to $0.17 per share, payable May 23 to stockholders of record May 9. It also

approved an incremental share repurchase authorization of 10% of its shares as of March 31.

Shares were down about 2% during after-hours trading.

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