WSFS Financial (WSFS Financial) Allowance For Loans And Lease Losses : $-186 Mil (As of Dec. 2023)

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What is WSFS Financial Allowance For Loans And Lease Losses?

WSFS Financial's Allowance For Loans And Lease Losses for the quarter that ended in Dec. 2023 was $-186 Mil.

WSFS Financial's quarterly Allowance For Loans And Lease Losses declined from Jun. 2023 ($-172 Mil) to Sep. 2023 ($-176 Mil) and declined from Sep. 2023 ($-176 Mil) to Dec. 2023 ($-186 Mil).

WSFS Financial's annual Allowance For Loans And Lease Losses declined from Dec. 2021 ($-95 Mil) to Dec. 2022 ($-152 Mil) and declined from Dec. 2022 ($-152 Mil) to Dec. 2023 ($-186 Mil).

WSFS Financial Allowance For Loans And Lease Losses Historical Data

The historical data trend for WSFS Financial's Allowance For Loans And Lease Losses can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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WSFS Financial Allowance For Loans And Lease Losses Chart

WSFS Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Allowance For Loans And Lease Losses

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-47.58

-228.80

-94.51

-151.86

-186.13

WSFS Financial Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Allowance For Loans And Lease Losses	Get a 7-Day Free Trial															-151.86	-169.16	-171.87	-175.99	-186.13

WSFS Financial Allowance For Loans And Lease Losses Calculation

Allowance For Loans And Lease Losses is a contra account sets aside as an allowance for bad loans.

WSFS Financial Allowance For Loans And Lease Losses Related Terms

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WSFS Financial (WSFS Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » WSFS Financial Corp (NAS:WSFS) » Definitions » Allowance For Loans And Lease Losses

Comparable Companies

Traded in Other Exchanges

WF4:Germany

Address

500 Delaware Avenue, Wilmington, DE, USA, 19801

Website

https://www.wsfsbank.com

WSFS Financial Corp is a savings and loan holding company. The company operates in three segments: WSFS Bank provides loans and leases and other financial products to commercial and consumer customers. Cash Connect segment provides ATM vault cash, smart safe, and other cash logistics services; and Wealth Management provides a broad array of planning and advisor services, investment management, personal and institutional trust services, and credit and deposit products to individuals, corporate, and institutional clients.

Executives

Patrick Joseph Ward	officer: Executive Vice President	C/O WSFS FINANCIAL CORPORATION, 500 DELAWARE AVENUE, WILMINGTON DE 19801
Michael J Donahue	director
Christine Elizabeth Davis	officer: EVP, Chief Risk Officer	WSFS BANK CENTER, 500 DELAWARE AVENUE, WILMINGTON DE 19801
Shari Kruzinski	officer: EVP, Chief Customer Officer	WSFS BANK CENTER, 500 DELAWARE AVENUE, WILMINGTON DE 19801
Rodger Levenson	officer: Executive Vice President	C/O WSFS FINANCIAL CORPORATION, 500 DELAWARE AVENUE, WILMINGTON DE 19801
Francis J Leto	director	501 WILLIAMSON RD, GLADWYNE PA 19035
Richard Wright	officer: Executive Vice President
Nancy J Foster	director	C/O CIT GROUP, 505 FIFTH AVENUE, NEW YORK NY 10017
Lynn Mckee	director
Diego F. Calderin	director	971 FREDERICK DRIVE, WEST CHESTER PA 19380
Peggy H Eddens	officer: Executive Vice President	C/O WSFS FINANCIAL CORPORATION, 500 DELAWARE AVENUE, WILMINGTON DE 19801
Stephen P Clark	officer: EVP	C/O WSFS FINANCIAL CORPORATION, 500 DELAWARE AVENUE, WILMINGTON DE 19801
Mark A Turner	director	C/O WSFS FINANCIAL CORP, 500 DELAWARE AVENUE, WILMINGTON DE 19801
Paul S Greenplate	officer: EVP	C/O WSFS FINANCIAL CORPORATION, 500 DELAWARE AVENUE, WILMINGTON DE 19801
Michael Conklin	officer: EVP, Chief Human Resources Off	500 DELAWARE AVENUE, WSFS FINANCIAL CORPORATION & BANK CENTER, WILMINGTON DE 19801