WSFS reported 14% higher core net income and 25% growth in core profit per share from a year earlier. Deposits fell 3% from the prior quarter and deposit costs rose, but loan growth, wealth services, and fewer past-due loans support the stronger results.
Stronger profits give WSFS more room to support lending and return cash to shareholders. Deposit outflows and higher deposit costs could limit that progress. Loan growth, fewer late payments, and gains in wealth services support a favorable reading.
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