WSFS FINANCIAL CORP
For the period ended Jun 30, 2024. Filed Aug 2, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 2, 2024
WSFS$79.94+0.1%Stored close · as of Nov 10, 2026
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Consolidated Statements of Comprehensive Income (Loss) for the and
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| (Dollars in thousands) | 2024 | 2023 | 2024 | 2023 |
| Net income | $69,208 | $68,595 | $134,931 | $131,257 |
| Less: Net (loss) income attributable to noncontrolling interest | (65) | (83) | (103) | 175 |
| Net income attributable to WSFS | 69,273 | 68,678 | 135,034 | 131,082 |
| Other comprehensive (loss) income: | ||||
| Net change in unrealized (losses) gains on investment securities available-for-sale | ||||
| Net unrealized (losses) gains arising during the period, net of tax (benefit) expense of $(2,874), $(12,747), $(15,507), and $3,993, respectively | (9,100) | (40,367) | (49,107) | 12,643 |
| Net change in securities held-to-maturity | ||||
| Net change in unrealized gains on available-for-sale securities reclassified to held-to-maturity, net of tax benefit of $1,203, $1,386, $2,361, and $2,702, respectively | 3,808 | 4,393 | 7,477 | 8,558 |
| Net change in unfunded pension liability | ||||
| Change in unfunded pension liability related to unrealized gain and prior service cost, net of tax expense of $16, $17, $56, and $28, respectively | (52) | (54) | (176) | (89) |
| Net change in cash flow hedge | ||||
| Net unrealized loss arising during the period, net of tax benefit of $185, $466, $2,217, and $361, respectively | (587) | (1,475) | (7,020) | (1,143) |
| Amortization of unrealized gain on terminated cash flow hedges, net of tax benefit of $—, $13, $—, and $25, respectively | — | (40) | — | (80) |
| (587) | (1,515) | (7,020) | (1,223) | |
| Net change in equity method investments | ||||
| Net change in other comprehensive income of equity method investments, net of tax benefit of $13, $32, $19, and $33, respectively | (40) | (101) | (61) | (104) |
| Total other comprehensive (loss) income | (5,971) | (37,644) | (48,887) | 19,785 |
| Total comprehensive income | $63,302 | $31,034 | $86,147 | $150,867 |
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