WSFS Financial Corporation operates as the savings and loan holding company for the Wilmington Savings Fund Society, FSB that provides various banking services in the United States. It operates through WSFS Bank, Cash Connect, and Wealth Management segments. It offers various deposit products, including savings accounts, demand deposits, interest-bearing demand deposits, money market deposit accounts, and certificates of deposit, as well as accepts jumbo certificates of deposit from individuals, businesses, and municipalities. The company also provides various loans, which comprise fixed and adjustable rate residential loans; commercial mortgage and commercial loans; commercial construction loans; commercial loans for working capital, financing equipment and real estate acquisitions, business expansion and other business purposes; and consumer credit products, such as home equity loans, home equity lines of credit, automobile loans, unsecured lines of credit, and other secured and unsecured personal installment loans. In addition, it offers insurance products; planning and advisory services, investment management, trust services, and credit and deposit products to individual, corporate and institutional clients; retail securities and insurance brokerage services; mortgage and title services; residential mortgage and refinancing solutions; and leases small equipment and fixed assets, as well as provides financial planning, customized investment strategies, brokerage products, fiduciary, and wealth management services. Further, the company provides ATM vault cash, smart safe, and other cash logistics services; and online reporting and ATM cash management, predictive cash ordering and reconcilement services, armored carrier management, loss protection, and deposit safe cash logistics services, as well as trustee, agency, bankruptcy administration, custodial and commercial domicile services. The company was founded in 1832 and is headquartered in Wilmington, Delaware.
Leadership Shuffle | Explore WSFS Financial's strategic executive appointments, including David Burg as CFO, poised to drive innovation and growth in a evolving financial landscape |
Earnings Beat | Delve into WSFS's Q2 2024 performance, surpassing expectations with $1.16 EPS and strong fee income growth, particularly in Cash Connect and wealth management |
Market Positioning | Learn how WSFS is enhancing shareholder value through aggressive share repurchases and capitalizing on opportunities in key business segments |
Future Outlook | Analyst targets range from $48 to $62, with WSFS forecasting a 1.25% ROA for 2024 amid challenges in net interest income and expense management |
Metrics to compare | WSFS | Sector Sector - Average of metrics from a broad group of related Financial sector companies | Relationship RelationshipWSFSPeersSector | |
---|---|---|---|---|
P/E Ratio | 11.8x | 10.4x | 8.9x | |
PEG Ratio | −13.04 | 0.18 | 0.03 | |
Price/Book | 1.2x | 0.9x | 1.0x | |
Price / LTM Sales | 3.2x | 3.5x | 2.7x | |
Upside (Analyst Target) | 16.4% | 11.9% | 11.9% | |
Fair Value Upside | Unlock | −7.2% | 3.1% | Unlock |