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Wsfs Financial Corporation  (WSFS)
Other Ticker:  
 
    Sector  Financial    Industry Commercial Banks
   Industry Commercial Banks
   Sector  Financial


Wsfs Financial's Effective Tax Rate by quarter

Trends, Rankings, Statistics



WSFS Effective Tax Rate (Mar 31 2024)
I. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Pre-Tax Income Change -22.71 % -1.96 % 9.96 % 1365.69 % 56.45 %
Seq. Pre-Tax Income Change -10.54 % 6.04 % 9.6 % -25.66 % 13.48 %
Pre-Tax Income In Millions $86.93 $97.17 $91.63 $83.60 $112.47
Effective Tax Rate 24.39 % 23.57 % 25.14 % 25.05 % 24.92 %
Effective Tax Rate Total Ranking # 1160 # # 1203 # 1450 # 1465
Income taxes expenses / -benefit In Millions $21.20 $22.90 $23.04 $20.94 $28.03
Y / Y Income taxes expenses / -benefit Change -24.37 % -11.11 % 2.72 % 1105.58 % 81.03 %
Seq. Income taxes expenses / -benefit Change -7.43 % -0.57 % 10 % -25.3 % 8.79 %


Commenting First Quarter 2024 Effective Tax Rate
Company's effective tax rate in I. Quarter increased compare to previous quarter to 24.39 %, below company's average Effective Tax Rate.

Looking into I. Quarter results within Commercial Banks industry 61 other companies have achieved lower Effective Tax Rate. While Effective Tax Rate total ranking has deteriorated compare to previous quarter from to 1160.

WSFS's Effective Tax Rate first quarter 2024 Company Ranking
Within: No.
Commercial Banks Industry # 62
Financial Sector # 382
Overall # 1159

WSFS's Effective Tax Rate Statistics
High Average Low
154.53 % 31.69 % 10.86 %
(Dec 31 2017)   (Mar 31 2020)




Other Effective Tax Rate Profitability Ratios
WSFS's Cumulative Effective Tax Rate
Commercial Banks Industry Effective Tax Rate Trends and Statistics
Financial Sector Effective Tax Rate Statistics
Effective Tax Rate Profitability Trends for overall market
WSFS's Effective Tax Rate Profitability versus Commercial Banks Industry, Financial Sector and total Market
Highest Ranking Effective Tax Rate
Lowest Ranking Effective Tax Rate
Effective Tax Rate Profit Margin for WSFS's Competitors
Effective Tax Rate Profit Margin for Wsfs Financial's Suppliers
Effective Tax Rate Profit Margin for WSFS's Customers

You may also want to know
WSFS's Annual Growth Rates WSFS's Profitability Ratios WSFS's Asset Turnover Ratio WSFS's Dividend Growth
WSFS's Roe WSFS's Valuation Ratios WSFS's Financial Strength Ratios WSFS's Income taxes expenses / -benefit Growth
WSFS's Roa WSFS's Inventory Turnover Ratio WSFS's Growth Rates WSFS's Dividend Comparisons


Companies with similar Effective Tax Rate in the quarter ending Mar 31 2024, within Commercial Banks Industry Effective Tax RateMar 31 2024 MRQ Income taxes expenses / -benefitMar 31 2024 MRQ Pre-Tax Income
United Security Bancshares  28.94 %$ 1.695 $ 5.856 
Hope Bancorp Inc   27.94 %$ 10.030 $ 35.894 
Farmers and Merchants Bancorp  27.33 %$ 8.544 $ 31.267 
Dime Community Bancshares Inc   27.13 %$ 6.585 $ 24.276 
Oceanfirst Financial Corp  27.10 %$ 10.637 $ 39.247 
Westamerica Bancorporation  26.35 %$ 13.026 $ 49.443 
Optimumbank Holdings Inc   26.27 %$ 0.847 $ 3.224 
Mizuho Financial Group Inc   26.19 %$ 2,649.201 $ 10,114.675 
Valley National Bancorp  25.63 %$ 33.173 $ 129.453 
Southern First Bancshares Inc   25.47 %$ 0.862 $ 3.384 
Sandy Spring Bancorp Inc   25.42 %$ 6.944 $ 27.316 
Citigroup inc  25.00 %$ 1,136.000 $ 4,544.000 
Meridian Corp  24.68 %$ 0.877 $ 3.553 
The Bancorp Inc   24.68 %$ 18.490 $ 74.919 
Zions Bancorporation National Association  24.63 %$ 50.000 $ 203.000 
Alerus Financial Corporation  24.53 %$ 2.091 $ 8.523 
Wsfs Financial Corporation  24.39 %$ 21.202 $ 86.925 
Webster Financial Corporation  24.27 %$ 69.346 $ 285.669 
Wafd Inc   24.21 %$ 5.074 $ 20.962 
Capital Bancorp Inc  23.91 %$ 2.062 $ 8.624 
First United Corporation  23.91 %$ 1.162 $ 4.860 
Community Bank System Inc   22.95 %$ 12.171 $ 53.043 
Synovus Financial Corp  22.94 %$ 36.943 $ 161.013 
Shore Bancshares Inc   22.77 %$ 2.413 $ 10.597 
Northwest Bancshares inc   22.73 %$ 8.579 $ 37.742 
First Horizon Corp  22.44 %$ 57.000 $ 254.000 
The First Bancshares Inc   22.44 %$ 5.967 $ 26.595 
Jpmorgan Chase and Co  22.40 %$ 3,874.000 $ 17,293.000 
Smartfinancial Inc   21.94 %$ 2.630 $ 11.988 
Fnb Corp  21.79 %$ 34.000 $ 156.000 




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