
Regional banking company WSFS Financial (NASDAQ: WSFS) will be announcing earnings results this Thursday afternoon. Hereโs what to expect.
WSFS Financial missed analystsโ revenue expectations by 0.6% last quarter, reporting revenues of $256.1 million, up 2% year on year. It was a satisfactory quarter for the company, with an impressive beat of analystsโ tangible book value per share estimates.
Is WSFS Financial a buy or sell going into earnings? Read our full analysis here, itโs free.
This quarter, analysts are expecting WSFS Financialโs revenue to be flat year on year at $264.4 million, slowing from the 7% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.13 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. WSFS Financial has missed Wall Streetโs revenue estimates twice over the last two years.
Looking at WSFS Financialโs peers in the regional banks segment, some have already reported their Q2 results, giving us a hint as to what we can expect. City Holding delivered year-on-year revenue growth of 6.3%, beating analystsโ expectations by 3%, and Texas Capital Bank reported revenues up 15.2%, topping estimates by 2.7%. Texas Capital Bank traded up 4.8% following the results.
Read our full analysis of City Holdingโs results here and Texas Capital Bankโs results here.
There has been positive sentiment among investors in the regional banks segment, with share prices up 8.2% on average over the last month. WSFS Financial is up 8.7% during the same time and is heading into earnings with an average analyst price target of $63.25 (compared to the current share price of $57.99).
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