Annual Reports
WSFS Financial Corporation
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Financial Highlights
Trend Analysis—Annual (click here for Quarterly Analysis)
Balance Sheet ($000)
|
2008Y |
2007Y |
08/07
Ch (%) |
2006Y |
07/06
Ch (%) |
| Loans Held for Investment, before Reserves |
2,475,024 |
2,256,828 |
9.67 |
2,046,206 |
10.29 |
| Loans Held for Sale, before Reserves |
1,541 |
2,404 |
-35.90 |
919 |
161.59 |
| Loan Loss Reserve |
31,189 |
25,252 |
23.51 |
27,384 |
-7.79 |
| Net Loans Receivable |
2,443,835 |
2,233,980 |
9.39 |
2,019,741 |
10.61 |
| Intangible Assets |
13,349 |
3,096 |
331.17 |
1,450 |
113.52 |
| Total Assets |
3,432,560 |
3,200,188 |
7.26 |
2,997,396 |
6.77 |
| Deposits |
2,122,352 |
1,827,161 |
16.16 |
1,756,348 |
4.03 |
| Debt, Senior and Subordinated |
1,066,745 |
1,135,160 |
-6.03 |
1,002,679 |
13.21 |
| Common Equity |
216,635 |
211,330 |
2.51 |
212,059 |
-0.34 |
| Total Shareholders' Equity |
216,635 |
211,330 |
2.51 |
212,059 |
-0.34 |
| Shares Outstanding (actual) |
6,159,199 |
6,166,796 |
-0.12 |
6,641,611 |
-7.15 |
Income Statement ($000)
|
2008Y |
2007Y |
08/07
Ch (%) |
2006Y |
07/06
Ch (%) |
| Net Interest Income |
89,219 |
82,009 |
8.79 |
77,899 |
5.28 |
| Provision for Loan Losses |
23,024 |
5,021 |
358.55 |
2,738 |
83.38 |
| Noninterest Income |
44,619 |
46,085 |
-3.18 |
42,327 |
8.88 |
| Noninterest Expense |
89,415 |
80,583 |
10.96 |
69,235 |
16.39 |
| Net Income Before Taxes |
23,086 |
43,123 |
-46.46 |
46,152 |
-6.56 |
| Provision for Taxes |
6,950 |
13,474 |
-48.42 |
15,660 |
-13.96 |
| Net Income |
16,136 |
29,649 |
-45.58 |
30,492 |
-2.76 |
Per Share Items ($)
|
2008Y |
2007Y |
08/07
Ch (%) |
2006Y |
07/06
Ch (%) |
| Book Value per Share |
35.17 |
34.27 |
2.63 |
31.93 |
7.33 |
| Tangible Book Value |
32.62 |
33.78 |
-3.43 |
31.58 |
6.97 |
| Diluted EPS Before Extra |
2.57 |
4.55 |
-43.52 |
4.41 |
3.17 |
| Diluted EPS After Extra |
2.57 |
4.55 |
-43.52 |
4.41 |
3.17 |
| Dividends Declared |
0.46 |
0.38 |
21.05 |
0.31 |
22.58 |
Performance Ratios (%)
|
2008Y |
2007Y |
08/07
Ch (bp) |
2006Y |
07/06
Ch (bp) |
| ROAA |
0.50 |
0.98 |
(48) |
1.03 |
(5) |
| ROAE |
7.30 |
14.34 |
(704) |
15.42 |
(108) |
| Net Interest Margin |
3.13 |
3.05 |
8 |
2.93 |
12 |
| Loans / Deposits |
116.62 |
123.52 |
(690) |
116.50 |
702 |
| Efficiency Ratio |
66.26 |
62.89 |
337 |
57.52 |
537 |
Balance Sheet Ratios (bp)
|
2008Y |
2007Y |
08/07
Ch (bp) |
2006Y |
07/06
Ch (bp) |
| Tangible Equity/ Tangible Assets |
5.88 |
6.56 |
(68) |
7.03 |
(47) |
| Equity/ Assets |
6.31 |
6.60 |
(29) |
7.07 |
(47) |
Asset Quality Ratios (bp)
|
2008Y |
2007Y |
08/07
Ch (bp) |
2006Y |
07/06
Ch (bp) |
| Nonperforming Assets/ Assets |
1.04 |
0.99 |
5 |
0.14 |
85 |
| Loan Loss Reserves/ Gross Loans |
1.26 |
1.12 |
14 |
1.34 |
(22) |
| Loan Loss Reserves/ NPAs |
87.22 |
79.39 |
783 |
648.91 |
(56,952) |
| Net Charge-offs/ Avg Loans |
0.74 |
0.34 |
40 |
0.04 |
30 |
Regulatory Capital Ratios (bp)
|
2008Y |
2007Y |
08/07
Ch (bp) |
2006Y |
07/06
Ch (bp) |
| Tier 1 Capital Ratio (bp) |
9.92 |
11.16 |
(124) |
12.42 |
(126) |
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