WSFS Financial Q1 revenue beats estimates on deposit growth

WSFS Financial

23/04/2026 21:18

Overview

U.S. regional bank's Q1 revenue rose yr/yr, beating analyst expectations

Adjusted EPS for Q1 rose yr/yr

Company announced 18% dividend increase and new 15% share buyback authorization

Outlook

Company says it will focus on franchise investments and market share growth

WSFS highlights continued deposit and loan growth as key priorities

Company approved an 18% dividend increase and new 15% share buyback authorization

Result Drivers

DEPOSIT GROWTH - Co said 5% quarter-over-quarter and 9% yr/yr deposit growth, led by noninterest demand deposits, supported revenue and loan growth

WEALTH AND TRUST FEES - Double-digit yr/yr fee revenue growth in Wealth and Trust segment, with institutional services up 46% and BMT of DE up 27%

C&I LOAN FUNDINGS - Commercial and industrial loan fundings remained strong, contributing to 2% quarter-over-quarter growth in C&I loans

Company press release: ID:nBw90H8vVa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$275.30 mln
$216.59 mln (5 Analysts)
Q1 EPS
$1.64
Q1 Net Income
$86.80 mln
Q1 Net Interest Income
$185.10 mln
Q1 Fee Revenue
$90.10 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 3 "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 $74.25, about 7% above its April 22 closing price of $69.39

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

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)