Regional banking company WSFS Financial (NASDAQ:WSFS) missed Wall Street’s revenue expectations in Q1 CY2025 as sales only rose 2% year on year to $256.1 million. Its non-GAAP profit of $1.13 per share was 8.7% above analysts’ consensus estimates.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how WSFS Financial (NASDAQ:WSFS) and the rest of the regional banks stocks fared in Q1.
Banks serve as the backbone of the economy, facilitating lending, deposits, and financial services that keep businesses and consumers moving forward. But concerns about loan losses and tightening regulations have tempered enthusiasm,
and over the past six months, the banking industry has pulled back by 10.1%. This drawdown was disappointing since the S&P 500 held its ground.
By the close of today, November 17, 2023, WSFS Financial (NASDAQ:WSFS) will issue a dividend payout of $0.15 per share, resulting in an annualized dividend yield of 1.75%. Only those investors who owned the stock prior to the ex-dividend date on November 02, 2023 will receive this payout.
Companies Reporting Before The Bell • Koninklijke Philips (NYSE:PHG) is projected to report quarterly earnings at $0.33 per share on revenue of $4.65 billion.
