WSFS Financial Corporation (WSFS) Q3 2024 Earnings Call Transcript Summary
WSFS Financial Corporation (WSFS) Q3 2024 Earnings Call Transcript Summary
Core fee revenue increased 5% linked quarter and 23% year-over-year.The following is a summary of the WSFS Financial Corporation (WSFS) Q3 2024 Earnings Call Transcript:
以下是wsfs金融公司（WSFS）2024年第三季度业绩会实录摘要：
Financial Performance:
金融业绩：
WSFS reported a core EPS of $1.08 per share, core ROA of 1.22%, and core return on tangible common equity of 16.96%.
Growth in loans and deposits at annualized rates of 5% and 3% respectively.
Core fee revenue increased 5% linked quarter and 23% year-over-year.
Net interest income grew 2% linked quarter and net interest margin was 3.78%.
Total net credit costs were $20.1 million, with net charge-offs increasing by 14 basis points quarter-over-quarter.
WSFS报告每股核心收益为1.08美元，核心资产回报率为1.22％，核心有形股东权益回报率为16.96％。
贷款和存入资金增长率分别为5％和3％的年化率。
核心手续费收入环比增长5％，同比增长23％。
净利息收益增长了2％，净利息收益率为3.78％。
总净信贷费用为2010万美元，净核销额按季度增加了14个基点。
Business Progress:
业务进展：
Completion of the trust accounting system conversion and rollout of an upgraded client account portal as part of the Bryn Mawr Trust integration plan.
Achieved 2024 origination goal with Spring EQ, with no new originations expected in Q4.
完成了信托会计系统转换，并作为Bryn Mawr Trust整合计划的一部分推出了升级的客户账户门户。
通过与Spring EQ实现2024年的创始目标，预计第四季度不会有新的创始。
Opportunities:
机会：
Continued growth in diverse business segments like Core Banking and Cash Connect, highlighting a successful market share capture.
Potential strategic advantages from market disturbances among competitors, aiming for further market share gains.
不断增长的核心银行业务和现金连接等多样化业务领域，突显了市场份额的成功占领。
从市场扰动中可能获得竞争对手的战略优势，力争进一步获得市场份额。
Risks:
风险：
Potential volatility in net interest margin due to future rate cuts and changes in deposit pricing, impacting financial performance.
由于未来利率下调和存款定价变化可能导致净利息收益率波动，从而影响财务表现。
Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：本文由AI生成。文章内容的准确性无法完全保证。有关更全面的详细信息，请参阅IR网站。本文只是为投资者提供参考，没有任何指导或推荐建议。
