WSFS Financial (WSFS) Raises Quarterly Dividend 9.1% to $0.12; 1.1% Yield
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WSFS Reports 1Q 2019 Results, Successfully Closed Acquisition of Beneficial Bancorp; Strong Operating Performance Driven by Growth in Loans, Net Interest Margin, Fee Income, and Disciplined Cost Manag
April 25, 2019 4:06 PM EDTWILMINGTON, Del., April 25, 2019 (GLOBE NEWSWIRE) -- WSFS Financial Corporation (Nasdaq: WSFS), the parent company of WSFS Bank, reported net income of $13.0 million, or $0.33 per diluted common share, for 1Q 2019 compared to net income of $37.4 million, or $1.16 per share, for 1Q 2018, and $29.7 million, or $0.93 per share, for 4Q 2018. The results for 1Q 2019 include the impact of our acquisition of Beneficial Bancorp, Inc. (Beneficial), which closed on March 1, 2019, as described in more detail below. 1Q 2019 results also include an unrealized valuation gain of $3.8 million (pre-tax), or $0.07 per share (after-tax), on our equity investment in... More
