Wsfs Financial Intrinsic Value Calculation – WSFS Financial surpasses Q3 earnings estimates with 4.9% revenue growth in 2024
October 25, 2024
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WSFS ($NASDAQ:WSFS) Financial is a financial services company based in Wilmington, Delaware. It offers a wide range of banking and wealth management services to individuals and businesses in the Mid-Atlantic region. The company’s stock is traded on the NASDAQ under the ticker symbol WSFS. In the third quarter of 2024, WSFS Financial reported strong earnings that surpassed analysts’ estimates. The company’s revenue for the quarter was $267.66 million, representing a 4.9% increase from the same period in the previous year. This growth is particularly impressive considering the ongoing challenges in the financial industry due to the pandemic. One of the key metrics that investors look at when evaluating a company’s performance is revenue growth. A company with consistent revenue growth is often considered a strong and stable investment option. WSFS Financial’s Q3 results demonstrate its ability to generate steady revenue growth, indicating a strong and resilient business model. In addition to revenue growth, the company also reported a rise in net income for the quarter.
This increase can be attributed to strong loan originations and a rise in fee income. Moreover, WSFS Financial’s net interest margin, which measures the difference between the interest income generated from loans and the interest expenses paid on deposits, also improved in the third quarter. This improvement was driven by a favorable interest rate environment and a focus on managing interest rate risk. The company’s strong performance in Q3 2024 can also be attributed to its strategic acquisitions and expansion efforts. In April of that year, WSFS Financial completed its merger with Beneficial Bancorp, Inc., expanding its presence in the Philadelphia market and increasing its total assets to over $12 billion. In conclusion, WSFS Financial’s Q3 earnings surpassed estimates and demonstrated the company’s ability to generate consistent revenue growth and profitability. With a strong focus on customer service, strategic acquisitions, and expansion efforts, the company is well-positioned for continued success in the future. Investors can look to WSFS Financial as a stable and promising stock in the financial sector.
Earnings
WSFS Financial, a Delaware-based financial institution, has recently released their earnings report for the fourth quarter of fiscal year 2023, ending on December 31, 2021.
However, this decrease in revenue is not reflective of the overall trend for WSFS Financial. In the last three years alone, WSFS Financial’s total revenue has increased from 8.11M USD to 12.12M USD, highlighting the company’s consistent growth and success. This impressive growth can be attributed to various factors, including the company’s strong financial management strategies and its commitment to providing top-quality financial services to its customers. WSFS Financial’s ability to exceed Q3 earnings estimates further demonstrates its resilience and adaptability in an ever-changing market. The increase in revenue also reflects positively on WSFS Financial’s overall financial health and stability. As the company continues to grow and expand its services, it is well-positioned to continue delivering strong financial results in the future. Overall, WSFS Financial’s surpassing of Q3 earnings estimates and its continued revenue growth demonstrate the company’s success and potential for future growth. With its strong financial standing and dedication to providing excellent services, WSFS Financial is poised for continued success in the years to come.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Wsfs Financial. More…
| Total Revenues | Net Income | Net Margin |
| – | 269.16 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Wsfs Financial. More…
| Operations | Investing | Financing |
| 480.85 | -137.37 | -1.04k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Wsfs Financial. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 20.59k | 18.12k | – |
Key Ratios Snapshot
Some of the financial key ratios for Wsfs Financial are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 15.0% | – | – |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis – Wsfs Financial Intrinsic Value Calculation
As GoodWhale, I have thoroughly analyzed the financials of WSFS FINANCIAL and have come to the conclusion that the intrinsic value of their share is approximately $54.9. This calculation was made using our proprietary Valuation Line, which takes into account various financial metrics and market trends to determine a fair value for the company’s stock. Currently, WSFS FINANCIAL’s stock is being traded at $50.73, which indicates that it is undervalued by about 7.6%. This means that investors have the opportunity to purchase the stock at a discount, making it an attractive investment option. However, it is important to note that the stock market is constantly fluctuating and the stock price may change in the future. In order to arrive at a fair value for WSFS FINANCIAL’s stock, I took into consideration various financial factors such as their revenue, earnings, cash flow, and debt. These factors provide insight into the financial health of the company and its ability to generate profits and sustain growth over time. Additionally, I also analyzed market trends and industry comparisons to gain a better understanding of how WSFS FINANCIAL is performing in relation to its competitors. This helped to provide a broader perspective on the company’s position in the market and its potential for future growth. Based on my analysis, I believe that WSFS FINANCIAL’s stock is currently undervalued and has potential for future growth. This makes it a promising investment opportunity for investors looking to add financial stocks to their portfolio. However, it is always important to conduct thorough research and consult with a financial advisor before making any investment decisions. More…
Peers
WSFS Financial Corp is competing in a highly competitive landscape against a number of other financial institutions, such as Regions Financial Corp, HarborOne Bancorp Inc, and Enterprise Bancorp Inc. All of these companies are striving to provide the best possible products and services to their customers, making it essential for WSFS Financial Corp to continue to innovate and stay ahead of the competition.
– Regions Financial Corp ($NYSE:RF)
Regions Financial Corporation is a financial services company headquartered in Birmingham, Alabama. As of 2022, it has a market cap of 19.83B, making it one of the largest regional banks in the United States. The company provides banking, investment, mortgage, and insurance products and services throughout the United States. Regions has 1,500 banking offices located in 16 states throughout the Southern, Midwestern and Southeastern United States. It is a publicly traded company listed on the New York Stock Exchange under the ticker symbol RF. The company has been providing financial services to customers since 1971 and is a member of the S&P 500 Index.
– HarborOne Bancorp Inc ($NASDAQ:HONE)
HarborOne Bancorp Inc is a financial holding company based in Brockton, Massachusetts. It operates HarborOne Bank, a federally chartered savings bank with over twenty branches in Massachusetts and Rhode Island. As of 2022, HarborOne Bancorp Inc has a market cap of 691.1M. This market cap is a reflection of the company’s profitability, as well as its ability to create value for its shareholders through its banking services. HarborOne Bank offers a wide range of banking services, including personal and commercial lending and deposit products, as well as wealth management, trust services, and financial planning services.
– Enterprise Bancorp Inc ($NASDAQ:EBTC)
Enterprise Bancorp Inc is a publicly traded company that operates as a financial holding company. The company provides commercial banking services to small and medium-sized businesses, individuals, and families. As of 2022, Enterprise Bancorp Inc has a market cap of 427.37M. This market cap is determined by multiplying the current market price of the company’s shares by the total number of shares outstanding. The market cap is an important metric for investors to consider when evaluating a company’s potential investment opportunities. With its strong balance sheet and impressive earnings, Enterprise Bancorp Inc is a strong contender in the banking industry.
Summary
WSFS Financial has reported strong Q3 earnings with a 4.9% increase in revenue compared to the same period last year. This is a positive sign for investors as it shows the company’s ability to generate growth and maintain financial stability. It will be important for investors to continue monitoring WSFS Financial’s financial performance, particularly in terms of revenue and profitability, to assess the company’s long-term potential.
Additionally, it may be beneficial to also consider the company’s market position and any potential risks or challenges it may face in the future. Overall, WSFS Financial’s Q3 earnings indicate a strong performance and could make it an attractive investment opportunity for those interested in the financial industry.
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