WSFS FINANCIAL CORP
For the period ended Sep 30, 2024. Filed Nov 6, 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.
Sep 30, 2024 · Filed Nov 6, 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 September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| (Dollars in thousands) | 2024 | 2023 | 2024 | 2023 |
| Net income | $64,409 | $74,263 | $199,340 | $205,520 |
| Less: Net (loss) income attributable to noncontrolling interest | (26) | 97 | (129) | 272 |
| Net income attributable to WSFS | 64,435 | 74,166 | 199,469 | 205,248 |
| Other comprehensive income (loss): | ||||
| Net change in unrealized gains (losses) on investment securities available-for-sale | ||||
| Net unrealized gains (losses) arising during the period, net of tax expense (benefit) of $40,491, $(40,270), $24,984, and $(36,278), respectively | 128,223 | (127,523) | 79,116 | (114,880) |
| Net change in securities held-to-maturity | ||||
| Amortization of net unrealized losses on available-for-sale securities reclassified to held-to-maturity, net of tax benefit of $1,252, $1,379, $3,613, and $4,080, respectively | 3,965 | 4,366 | 11,442 | 12,924 |
| Net change in unfunded pension liability | ||||
| Change in unfunded pension liability related to unrealized gain and prior service cost, net of tax expense of $17, $16, $72, and $44, respectively | (53) | (51) | (229) | (140) |
| Net change in cash flow hedge | ||||
| Net unrealized gain (loss) arising during the period, net of tax expense (benefit) of $3,386, $(508), $1,169, and $(869), respectively | 10,722 | (1,608) | 3,702 | (2,752) |
| Amortization of unrealized gain on terminated cash flow hedges, net of tax benefit of $—, $9, $—, and $34, respectively | — | (28) | — | (107) |
| 10,722 | (1,636) | 3,702 | (2,859) | |
| Net change in equity method investments | ||||
| Net change in other comprehensive income of equity method investments, net of tax expense (benefit) of $1, $61, $(18), and $28, respectively | 4 | 192 | (57) | 88 |
| Total other comprehensive income (loss) | 142,861 | (124,652) | 93,974 | (104,867) |
| Total comprehensive income (loss) | $207,296 | $(50,486) | $293,443 | $100,381 |
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