WSFS Financial Corporation (NASDAQ:WSFS) Q3 2024 Earnings Conference Call October 25, 2024 1:00 PM ET

Company Participants

Rodger Levenson - Chairman, President and Chief Executive Officer
David Burg - Executive Vice President, Chief Financial Officer
Steve Clark - Executive Vice President, Chief Commercial Banking Officer

Conference Call Participants

Russell Gunther - Stephens
Kate Ashley - KBW
Sharanjit Cheema - D.A. Davidson
Frank Schiraldi - Piper Sandler

Operator

Thank you for standing by and welcome to the WSFS Financial Corporation Third 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]

Thank you. I now like to turn the call over to Rodger Levenson, Chairman, President, and Chief Executive Officer. Sir, you may begin.

Rodger Levenson

Thank you, Ron, and thanks to everyone for joining us on the call today.

Before we get started, I wanted to officially introduce the newest member of our executive leadership team, Executive Vice President and CFO, David Burg. As many of you know, David joined WSFS in mid-August following a 17-year career at Citigroup. During his short tenure with WSFS, he has demonstrated the leadership and skills to accelerate our growth and deliver shareholder value. We're thrilled to have him on the team. David?

David Burg

Thank you, Rodger, and thank you, everyone, for joining our third 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. In addition to Rodger Levenson, our Chairman, President, and CEO, I'm joined by Art Bacci, Chief Operating Officer; Steve Clark, Chief Commercial Banking Officer; and Shari Kruzinski, Chief Consumer Banking Officer.

Prior to reviewing our financial results, I would like to read our Safe Harbor Statement. Our discussion today will include information about management's view or 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 an annual report on Form 10-K, our most recent quarterly reports on Form 10-Q, as well as other documents we periodically filed with the Securities and Exchange Commission. All comments made during today's call are subject to the Safe Harbor Statement.

I will now turn to our financial results. WSFS continue to demonstrate the strength of our franchise and diverse business model during the third quarter. Results included a core EPS of $1.08 per share, core ROA of 1.22%, and core return on tangible common equity of 16.96%.