WSFS Financial Corporation (NASDAQ:WSFS) Q2 2024 Earnings Conference Call July 26, 2024 1:00 PM ET

Company Participants

Arthur Bacci - Chief Wealth Officer & Interim CFO
Rodger Levenson - Chairman, President & |CEO
Shari Kruzinski - Chief Consumer Banking Officer
Stephen Clark - Chief Commercial Banking Officer

Conference Call Participants

Russell Gunther - Stephens
Manuel Navas - D.A. Davidson
Kelly Motta - KBW
Frank Schiraldi - Piper Sandler
Jacob Civiello - Janney Montgomery Scott

Operator

Thank you for standing by. At this time, I would like to welcome everyone to today's Wilmington Savings Fund Society Financial Corporation Second Quarter Earnings 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 call over to your host for today, Mr. Art Bacci, Chief Wealth Officer and Interim Chief Financial Officer. Sir, you may begin.

Arthur Bacci

Good morning or good afternoon, and thank you for joining our second quarter 2024 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; Steve Clark, Chief Commercial Banking Officer; and Shari Kruzinski, Chief Consumer Banking Officer.

Before I turn the call over to Rodger and 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 the future expectations, plans and prospects that constitute forward-looking statements.

Actual results may differ materially from historical results or those indicated by those 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.

I will now turn the call over to Rodger.

Rodger Levenson

Thank you, Art, and everyone else for joining us on the call today. During the second quarter, WSFS continued to demonstrate the strength of our franchise and diverse business model. Results included a core earnings per share of $1.08, core return on assets of 1.25% and core return on tangible common equity of 18.83%.