Earnings Call Summary | WSFS Financial(WSFS.US) Q1 2024 Earnings Conference
Earnings Call Summary | WSFS Financial(WSFS.US) Q1 2024 Earnings Conference
The following is a summary of the WSFS Financial Corporation (WSFS) Q1 2024 Earnings Call Transcript:
以下是WSFS金融公司（WSFS）2024年第一季度業績電話會議記錄的摘要：
Financial Performance:
財務業績：
WSFS Financial Corporation reported Q1 2024 core earnings per share of $1.11.
The company's yielded a core return on tangible common equity of 19.2% and a core return on assets of 1.31%.
The gross loan growth showed an increase of 2% linked quarter or 7% annualized, scattered across commercial mortgage, consumer, and C&I sectors.
There was a 3% linked quarter increase in customer deposits after certain exclusions.
For the quarter, the core net interest margin remained at 3.84%, with the average cost of funds rising by 17 basis points.
WSFS Financial Corporation報告稱，2024年第一季度核心每股收益爲1.11美元。
該公司的有形普通股核心回報率爲19.2％，核心資產回報率爲1.31％。
貸款總額同比增長2％，按年計算增長7％，分散在商業抵押貸款、消費者和C＆I領域。
除某些情況後，客戶存款的關聯季度增長了3％。
本季度，核心淨利率保持在3.84％，平均資金成本上升了17個點子。
Business Progress:
業務進展：
Due to the exit of a key industry player, the company expanded its network by 4,336 serviced non-bank ATMs. It is expected to have additional growth opportunities in the following quarter.
The completion of Spring EQ acquisition by the end of 2023 has started to contribute to the quarter's revenues.
The delinquencies and problem loans remained constant at 4.41% and 81 basis points of gross loans respectively, suggesting stability in asset quality.
Net charge-offs decreased to 27 basis points of average gross loans while the company's strategic shift resulted in the decline of the Upstart portfolio.
WSFS remains focused on organic growth over traditional bank M&A. Based on its performance, it is expected to deliver a top-quintile financial performance in 2024.
由於一家主要行業參與者的退出，該公司擴大了其網絡，增加了4,336臺提供服務的非銀行自動櫃員機。預計下個季度將有更多的增長機會。
到2023年底完成對Spring EQ的收購已開始爲該季度的收入做出貢獻。
拖欠和問題貸款分別保持在貸款總額的4.41％和81個點子不變，這表明資產質量穩定。
淨扣除額降至平均貸款總額的27個點子，而該公司的戰略轉變導致Upstart投資組合的下降。
與傳統銀行併購相比，WSFS仍然專注於有機增長。根據其表現，預計將在2024年實現前五分之一的財務業績。
More details: WSFS Financial IR
更多詳情： WSFS 金融投資者關係
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。