WSFS Financial Corporation (NASDAQ:WSFS) Q3 2023 Results Earnings Conference Call October 24, 2023 1:00 PM ET

Company Participants

Arthur Bacci - Executive Vice President, Chief Wealth Officer and Interim Chief Financial Officer

Rodger Levenson - Chairman, President and Chief Executive Officer

Stephen Clark - Executive Vice President and Chief Commercial Banking Officer

Conference Call Participants

Frank Schiraldi - Piper Sandler

Russell Gunther - Stephens, Inc.

Feddie Strickland - Janney Montgomery Scott

Manuel Navas - D.A. Davidson & Co.

Operator

Hello and thank you for standing by. My name is Regina and I will be your conference operator today. At this time, I would like to welcome everyone to the WSFS Financial Corporation Third Quarter 2023 Earnings Conference Call.

All lines have been placed on mute to prevent any background noise. After the speakers’ remarks, there will be a question-and-answer session. [Operator Instructions].

I'd now like to turn the conference over to your host for today, Mr. Art Bacci, Chief Wealth Officer, Interim Chief Financial Officer. Sir, you may begin.

Arthur Bacci

Thank you, Regina. Good afternoon and thank you again for joining our third 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 website.

With me on this call are Rodger Levenson, Chairman, President and CEO, and Steve Clark, Chief Commercial Banking Officer.

Before I turn over the call to Roger for his 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 operations, 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 may periodically file with the Securities and Exchange Commission. All comments made during today's call are subject to this Safe Harbor statement.

I will now turn the call over to Roger.

Rodger Levenson

Thank you, Art, and everyone else for joining us on the call today. WSFS performed very well in the third quarter as we continue to demonstrate the strength and diversity of our business model. Core EPS of $1.23 and core ROA of 1.46% represented growth from the second quarter of 6% and 4%, respectively.