WSFS FINANCIAL CORP
For the period ended Dec 31, 2023. Filed Feb 29, 2024.
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FY2023 · Filed Feb 29, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Changes in Stockholders’ Equity
| (Dollars in thousands, except per share and share amounts) | Shares | CommonStock | Capital inExcess ofPar Value | AccumulatedOtherComprehensiveIncome (Loss) | RetainedEarnings | TreasuryStock | TotalStockholders’Equity of WSFS | Non-controlling Interest | Total Stockholders' Equity |
|---|---|---|---|---|---|---|---|---|---|
| Balance, December 31, 2020 | 57,575,783 | $576 | $1,053,022 | $56,007 | $977,414 | $(295,293) | $1,791,726 | $(2,246) | $1,789,480 |
| Net income | — | — | — | — | 271,442 | — | 271,442 | 163 | 271,605 |
| Other comprehensive loss | — | — | — | (93,775) | — | — | (93,775) | — | (93,775) |
| Cash dividend, $0.51 per share | — | — | — | — | (24,242) | — | (24,242) | — | (24,242) |
| Issuance of common stock including proceeds from exercise of common stockoptions | 119,893 | 1 | 1,521 | — | — | — | 1,522 | — | 1,522 |
| Stock-based compensation expense | — | — | 5,694 | — | — | — | 5,694 | — | 5,694 |
| Repurchase of common stock (1) | — | — | (1,240) | — | — | (12,028) | (13,268) | — | (13,268) |
| Balance, December 31, 2021 | 57,695,676 | $577 | $1,058,997 | $(37,768) | $1,224,614 | $(307,321) | $1,939,099 | $(2,083) | $1,937,016 |
| Net income | — | — | — | — | 222,375 | — | 222,375 | 273 | 222,648 |
| Other comprehensive loss | — | — | — | (638,076) | — | — | (638,076) | — | (638,076) |
| Cash dividend, $0.56 per share | — | — | — | — | (35,746) | — | (35,746) | — | (35,746) |
| Distributions to noncontrolling shareholders | — | — | — | — | — | — | — | (504) | (504) |
| Issuance of common stock including proceeds from exercise of common stock options | 109,473 | 1 | 3,178 | — | — | — | 3,179 | — | 3,179 |
| Issuance of common stock in acquisition of BMT | 18,116,848 | 181 | 907,835 | — | — | — | 908,016 | — | 908,016 |
| Noncontrolling interest assumed in acquisition | — | — | — | — | — | — | — | (913) | (913) |
| Stock-based compensation expense | — | — | 6,349 | — | — | — | 6,349 | — | 6,349 |
| Repurchase of common stock (1) | — | — | (2,149) | — | — | (197,934) | (200,083) | — | (200,083) |
| Balance, December 31, 2022 | 75,921,997 | $759 | $1,974,210 | $(675,844) | $1,411,243 | $(505,255) | $2,205,113 | $(3,227) | $2,201,886 |
| Net income | — | — | — | — | 269,156 | — | 269,156 | (131) | 269,025 |
| Other comprehensive income | — | — | — | 81,853 | — | — | 81,853 | — | 81,853 |
| Cash dividend, $0.60 per share | — | — | — | — | (36,742) | — | (36,742) | — | (36,742) |
| Distributions to noncontrolling shareholders | — | — | — | — | — | — | — | (4,463) | (4,463) |
| Issuance of common stock including proceeds from exercise of common stock options | 173,097 | 2 | 3,296 | — | — | — | 3,298 | — | 3,298 |
| Stock-based compensation expense | — | — | 9,605 | — | — | — | 9,605 | — | 9,605 |
| Repurchase of common stock (1) | — | — | (2,365) | — | — | (52,282) | (54,647) | — | (54,647) |
| Balance, December 31, 2023 | 76,095,094 | $761 | $1,984,746 | $(593,991) | $1,643,657 | $(557,537) | $2,477,636 | $(7,821) | $2,469,815 |
(1)Repurchase of common stock for the years ended December 31, 2023, 2022 and 2021 included 1,247,178,4,151,117 and 267,309 shares repurchased, respectively, in connection with the Company's share buyback program approved by the Board of Directors, and 45,489,113,039 and 31,188 shares withheld, respectively, to cover tax liabilities.
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