WSFS FINANCIAL CORP
For the period ended Dec 31, 2024. Filed Feb 28, 2025.
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FY2024 · Filed Feb 28, 2025
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 | AccumulatedOtherComprehensive Loss | RetainedEarnings | TreasuryStock | TotalStockholders’Equity of WSFS | Non-controlling Interest | Total Stockholders' Equity |
|---|---|---|---|---|---|---|---|---|---|
| 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 stockoptions | 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 (loss) | — | — | — | — | 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 |
| Net income (loss) | — | — | — | — | 263,671 | — | 263,671 | (176) | 263,495 |
| Other comprehensive loss | — | — | — | (30,886) | — | — | (30,886) | — | (30,886) |
| Cash dividend, $0.60 per share | — | — | — | — | (35,805) | — | (35,805) | — | (35,805) |
| Distributions to noncontrolling shareholders | — | — | (920) | — | — | — | (920) | (2,379) | (3,299) |
| Issuance of common stock including proceeds from exercise of common stock options (2) | 169,117 | 2 | 464 | — | — | — | 466 | — | 466 |
| Stock-based compensation expense | — | — | 11,901 | — | — | — | 11,901 | — | 11,901 |
| Repurchase of common stock (1) | — | — | — | — | — | (96,311) | (96,311) | — | (96,311) |
| Balance, December 31, 2024 | 76,264,211 | $763 | $1,996,191 | $(624,877) | $1,871,523 | $(653,848) | $2,589,752 | $(10,376) | $2,579,376 |
(1)Repurchase of common stock for the years ended December 31, 2024, 2023 and 2022 included 2,049,739,1,247,178 and 4,151,117 shares repurchased, respectively, in connection with the Company's share buyback program approved by the Board of Directors. The years ended December 31, 2023 and 2022 included 45,489 and 113,039 shares withheld, respectively, to cover tax liabilities.
(2)Issuance of common stock includes 54,972 shares withheld to cover tax liabilities.
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