WSFS Financial (WSFS) Reports Q4 Results Tomorrow

Regional banking company WSFS Financial (NASDAQ:WSFS) will be announcing earnings results this Monday after market hours. Here’s what you need to know.

WSFS Financial beat analysts’ revenue expectations by 1.5% last quarter, reporting revenues of $272.5 million, up 1.7% year on year. It was a very strong quarter for the company, with an impressive beat of analysts’ tangible book value per share estimates and a beat of analysts’ EPS estimates.

Is WSFS Financial a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting WSFS Financial’s revenue to grow 2% year on year to $267 million, in line with the 2.1% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.23 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 Street’s revenue estimates twice over the last two years.

Looking at WSFS Financial’s peers in the regional banks segment, some have already reported their Q4 results, giving us a hint as to what we can expect. ServisFirst Bancshares delivered year-on-year revenue growth of 20.7%, beating analysts’ expectations by 5%, and Dime Community Bancshares reported revenues up 24.5%, topping estimates by 5.2%. ServisFirst Bancshares traded up 14.6% following the results while Dime Community Bancshares was also up 12.5%.

Read our full analysis of ServisFirst Bancshares’s results here and Dime Community Bancshares’s results here.

Investors in the regional banks segment have had steady hands going into earnings, with share prices up 1.9% on average over the last month. WSFS Financial is up 1.4% during the same time and is heading into earnings with an average analyst price target of $63.60 (compared to the current share price of $57.75).

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