WSFS Financial Corporation (NASDAQ:WSFS) Q2 2023 Earnings Conference Call July 25, 2023 1:00 PM ET
Company Participants
Dominic Canuso - CFO
Rodger Levenson - Chairman, President & CEO
Art Bacci - Chief Wealth Officer
Steve Clark - Chief Commercial Banking Officer
Shari Kruzinski - Chief Consumer Banking Officer
Conference Call Participants
Frank Schiraldi - Piper Sandler
Michael Perito - KBW
Feddie Strickland - Janney Montgomery Scott
Manuel Navas - D.A. Davidson
Russell Gunther - Stephens
Operator
Ladies and gentlemen, thank you for standing by. Welcome to the Wilmington Savings Fund Society Financial Corporation Second Quarter Earnings Call.
I'd now like to turn the call over to your host for today Mr. Dominic Canuso, Chief Financial Officer. Sir, you may begin.
Dominic Canuso
Thank you, Mandeep, and thanks to all of you for taking the time to participate on our call today.
With me on this call are Rodger Levenson, Chairman, President and CEO; Art Bacci, Chief Wealth Officer; Steve Clark, Chief Commercial Banking Officer; and Shari Kruzinski, Chief Consumer Banking Officer.
Before I begin with remarks on the quarter, I would like to read our Safe Harbor statement. Our discussion today will include information about our management's view of our future expectations, plans and prospects that constitute forward-looking statements. Actual results may differ materially from historical results or those indicated by these forward-looking statements due to risks and uncertainties, including but not limited to the Risk Factors included in our Annual Report on Form 10-K and our most recent quarterly reports on Form 10-Q, as well as other documents we periodically file with the Securities and Exchange Commission. All comments made during today's call are subject to the Safe Harbor statement.
Good afternoon, and thank you, again for joining our second quarter 2023 earnings call.
Our earnings release and earnings release supplement, which we will refer to on today's call can be found in the Investor Relations section of our company's website. We're pleased with the solid performance in the second quarter across all our businesses demonstrated by growth in loans, deposits, and fee revenue.
Combined with strong NIM, capital, and liquidity levels, and stable credit performance we remain well-positioned to compete in the current economic environment. After sharing some details on the quarter, I will provide an update to our full-year outlook as we typically do with our second quarter earnings release.
Second quarter results included core EPS of $1.16 per share, which is a 14% increase over prior quarter and year-over-year. Core ROA of 1.41%, which is up 14 basis points over prior quarter and year-over-year and core PPNR as a percentage of assets, which declined slightly to 2.2%.