Wsfs financial corporation (WSFS)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
Operating activities:
Less: Net loss attributable to noncontrolling interest

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income attributable to WSFS

145,555

147,918

132,212

117,552

110,323

134,743

95,193

76,827

68,657

50,244

78,186

70,339

67,247

64,080

59,954

61,658

56,414

53,533

52,257

49,244

49,735

53,757

53,123

55,870

54,053

46,882

42,366

38,185

34,607

31,311

29,915

26,722

24,915

22,677

0

0

0

Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses

74,552

25,560

27,276

26,871

17,174

13,170

13,927

13,107

12,452

10,964

12,025

14,957

14,368

12,986

9,640

5,265

7,784

7,790

6,579

5,459

1,736

3,580

4,305

5,941

7,571

7,172

9,554

11,336

26,039

32,053

35,327

38,134

30,333

27,996

0

0

0

Depreciation of premises and equipment, net

17,577

15,852

13,121

11,343

9,093

8,329

8,450

8,460

8,450

8,557

8,344

8,064

7,764

7,477

7,270

6,978

6,717

6,333

6,165

6,023

5,954

5,951

6,114

6,235

6,153

6,007

5,665

5,350

5,253

5,139

0

0

0

-

-

-

-

(Accretion) amortization of fees and discounts, net

-65,908

-45,548

-29,005

31,420

19,044

15,255

16,032

16,730

17,638

19,082

20,707

21,653

20,473

19,626

21,190

19,556

19,317

18,490

14,735

13,457

11,710

10,836

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of intangible assets

11,113

11,113

9,067

7,118

5,073

2,942

2,949

2,921

2,854

3,078

3,530

3,062

2,746

2,438

1,849

2,075

1,930

1,847

1,642

1,504

1,384

1,263

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of right of use lease asset

23,341

22,850

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Decrease in operating lease liability

15,153

12,507

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income from mortgage banking activities, net

12,432

11,053

9,438

7,795

6,641

6,286

6,446

6,693

6,845

6,293

6,194

6,993

6,965

7,434

7,377

6,073

5,847

5,896

5,472

5,450

4,885

3,994

4,209

3,887

4,055

3,980

3,801

3,808

3,067

2,846

2,371

1,714

1,493

1,524

0

0

0

Gain on sale of securities, net

1,011

333

78

78

15

21

241

977

1,685

1,984

2,243

2,547

2,384

2,369

2,364

1,400

1,332

1,478

1,062

1,022

910

1,037

1,639

2,034

2,575

3,641

6,484

8,504

20,908

21,300

19,722

19,206

6,499

4,878

0

0

0

Loss on sale of other real estate owned and valuation adjustments, net

-121

-125

-80

-93

-100

-100

-113

-156

-182

-217

-270

-282

-276

-313

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock-based compensation expense

3,662

3,608

2,429

2,107

1,896

2,292

2,804

3,252

3,521

3,396

3,242

3,130

3,109

3,046

3,029

3,230

3,489

4,095

4,217

4,638

5,184

4,535

4,964

4,217

3,459

3,621

2,670

2,144

2,245

1,976

2,194

2,847

2,112

1,810

0

0

0

Unrealized gain on equity investments, net

23,045

26,175

28,325

10,230

9,197

20,745

18,595

15,346

15,346

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income tax (benefit) expense

-2,608

7,074

6,154

2,451

7,771

3,378

18,132

17,223

16,978

17,899

3,103

4,357

5,267

5,370

5,177

4,216

3,135

2,231

1,952

1,894

2,049

-5,664

-4,435

-6,631

-5,913

755

0

0

0

-

-

-

-

-

-

-

-

Increase in accrued interest receivable

-1,307

-1,406

-59

2,892

2,973

2,596

3,542

3,651

3,257

2,378

2,532

1,600

1,742

2,009

1,585

968

1,064

1,334

1,609

1,268

1,289

984

328

697

687

1,146

-459

209

-1,554

-2,091

-1,034

-1,171

101

-22

0

0

0

Amortization, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,713

12,566

13,100

12,261

6,255

6,396

6,506

6,123

0

0

0

Decrease (increase) in other assets

-13,034

4,676

886

-14,936

13,624

6,297

-8,105

-7,466

149

2,517

15,036

5,273

-2,139

-443

-6,638

4,354

902

1,643

873

1,404

5,096

1,455

-10,753

-512

-9,405

-5,470

12,353

-4,189

677

-2,491

-10,697

3,758

6,678

3,076

0

0

0

Origination of loans held for sale

570,365

479,289

410,537

363,434

350,555

351,108

361,371

350,990

345,788

354,659

373,453

396,226

380,218

366,859

475,487

540,644

562,766

573,703

406,956

310,540

271,621

230,841

245,733

233,101

239,537

250,083

232,482

244,230

213,732

190,961

165,522

120,047

100,528

97,883

0

0

0

Proceeds from sales of loans held for sale

499,170

406,012

366,655

328,513

331,826

352,002

342,215

355,853

354,983

369,986

400,828

378,339

374,497

346,895

445,692

555,877

575,197

563,588

403,874

302,329

246,250

235,908

243,098

233,177

260,216

254,135

271,665

279,466

238,966

222,369

168,824

110,641

96,521

104,133

0

0

0

Excess tax benefit from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

968

1,049

764

683

566

501

475

399

288

711

728

776

0

0

0

Increase in accrued interest payable

-534

1,203

2,361

2,933

2,881

863

3,238

1,726

519

-114

224

332

1,591

350

1,898

194

-281

-203

-1,682

-733

-180

-65

-43

-291

-304

-261

-3,081

-2,512

-1,943

-811

-2,198

-2,273

-1,479

-1,407

0

0

0

Increase (decrease) in other liabilities

35,220

30,922

20,280

7,083

-20,676

-2,931

1,118

-5,169

22,689

7,353

6,957

3,178

10,102

3,709

2,692

4,447

2,406

6,502

5,902

4,424

1,375

2,054

-5,301

-7,902

-8,261

-12,465

-1,293

3,273

-769

4,763

-2,164

11,473

13,838

13,152

0

0

0

Loss on sale of OREO and valuation adjustments, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,114

-870

-868

-1,013

-1,915

-3,115

-3,701

0

0

0

-

-

-

-

Decrease (increase) in value of bank owned life insurance

353

806

1,437

1,569

1,193

158

542

-231

72

1,130

1,139

1,850

2,595

2,551

2,560

1,629

804

776

760

848

764

700

575

464

369

270

259

1,311

1,399

1,544

1,687

758

2,041

2,035

0

0

0

Increase in capitalized interest, net

3,470

3,390

3,504

3,594

3,458

3,601

3,771

3,709

3,999

4,228

4,749

4,977

5,454

5,331

5,264

5,801

5,475

5,518

5,339

5,055

5,254

5,435

6,035

4,918

3,817

2,653

2,008

1,543

816

728

-334

-81

352

143

0

0

0

Loss on sale of assets acquired through foreclosure and valuation adjustments, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Net cash provided by operating activities

129,773

89,866

103,181

167,972

95,615

135,574

129,768

130,112

144,477

130,168

132,765

88,227

110,221

80,180

71,239

102,907

98,760

74,177

73,480

63,419

35,228

67,853

65,198

53,270

82,066

57,381

84,516

87,350

85,903

103,032

76,076

77,115

66,234

76,348

0

0

0

Investing activities:
Purchases of investment securities held to maturity

-

-

-

-

-

-

-

-

-

-

-

-

-

3,329

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of investment securities held to maturity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments, maturities and calls of investment securities held-to-maturity

15,955

16,170

17,320

13,700

11,960

9,245

7,110

4,230

2,015

1,230

1,225

1,860

2,740

2,890

0

0

0

-

-

-

-

-

-

-

0

-

-

-

-

9,039

5,255

4,915

8,910

11,943

0

0

0

Sale of investment securities available-for-sale

64,989

618,200

602,467

602,432

583,852

7,000

48,514

112,386

200,985

457,000

461,277

451,846

425,663

201,580

231,342

209,752

196,312

192,933

146,161

172,605

226,447

229,515

235,421

195,178

173,442

274,070

393,111

486,110

824,423

769,982

735,952

717,037

374,651

335,959

0

0

0

Purchases of investment securities available-for-sale

818,268

958,259

1,018,084

911,450

687,831

498,465

383,104

421,270

434,345

696,581

710,475

693,884

655,314

371,590

323,009

252,184

275,626

277,963

279,245

303,924

298,993

286,915

297,924

290,736

326,438

335,584

445,290

633,540

870,340

941,376

957,224

876,402

710,753

621,138

0

0

0

Repayments of investment securities available-for-sale

315,996

269,697

200,810

152,441

129,909

112,665

106,015

103,790

98,441

197,765

196,653

193,838

189,050

85,200

82,990

80,971

96,549

100,485

104,971

106,913

86,136

79,006

80,000

72,796

81,302

90,041

93,852

102,281

111,844

131,212

147,236

159,165

166,250

175,691

0

0

0

Net increase in loans

-236,139

-201,934

-143,978

19,842

160,565

101,174

231,544

309,980

270,971

343,858

308,027

278,849

294,495

217,572

235,372

200,527

269,064

275,162

200,084

142,274

68,679

86,618

153,278

218,455

240,043

207,043

179,834

212,945

150,793

96,435

-33,373

-143,715

-261,493

-189,701

0

0

0

Proceeds from BOLI surrender/death benefit

-

-

-

-

-

96,429

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash from business combinations

-246

76,072

76,072

-76,072

76,318

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from bank-owned life insurance surrender

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments on reverse mortgages

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11,187

12,638

15,660

14,677

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Disbursements for reverse mortgages

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

932

985

1,175

1,212

1,280

1,021

640

391

135

210

204

189

139

104

415

441

0

0

0

Purchases of stock of Federal Home Loan Bank of Pittsburgh

485,701

394,428

209,380

173,152

174,348

169,613

169,129

151,862

154,490

160,089

159,027

150,015

123,129

88,176

119,598

97,000

82,615

66,955

43,015

39,099

38,931

32,263

-4,094

-1,745

2,051

4,704

3,705

5,968

-2,441

-4,591

-7,467

-2,317

-1,691

-1,780

0

0

0

Redemptions of stock of Federal Home Loan Bank of Pittsburgh

464,142

415,771

226,472

210,265

213,955

181,638

185,866

157,889

145,638

167,053

162,460

152,122

133,838

80,447

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Sales of other real estate owned

1,766

3,089

2,580

3,526

2,393

3,037

3,995

3,093

6,468

6,077

4,759

5,871

4,688

4,423

3,619

4,404

5,086

4,828

6,662

5,050

4,511

5,191

5,636

5,555

8,011

6,511

6,909

8,060

7,070

14,016

14,312

14,442

16,668

11,611

0

0

0

Investment in premises and equipment

13,035

14,198

11,291

7,218

6,927

5,500

5,302

7,030

7,515

7,728

9,532

10,493

11,119

9,873

11,071

9,348

8,779

8,362

7,334

6,232

5,016

4,736

3,285

2,746

2,444

2,863

4,312

5,515

7,134

8,111

8,151

9,709

10,543

10,494

0

0

0

Sales of premises and equipment

42

71

68

112

269

198

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used for investing activities

-158,517

293,823

95,340

11,215

-6,397

-359,910

-352,556

-423,396

-326,988

-388,786

-371,104

-286,712

-290,006

-276,593

-208,894

-189,161

-270,791

-275,841

-195,927

-137,336

-23,718

-26,564

-135,473

-219,951

-296,368

-172,460

-164,557

-212,530

-9,535

-115,250

-130,628

-101,703

-334,098

-280,816

0

0

0

Financing activities:
Net increase in demand and saving deposits

229,442

69,761

107,943

363,077

465,619

393,827

374,148

207,133

-216,994

353,521

371,992

356,365

745,066

272,544

304,682

215,124

298,878

159,587

298,867

253,345

211,463

226,400

113,344

121,382

25,229

63,498

246,362

212,165

302,263

393,493

224,361

188,736

403,138

285,398

0

0

0

(Decrease) increase in time deposits

-203,658

-55,400

-121,700

8,315

94,628

43,871

155,730

155,152

71,930

35,887

-30,088

-62,891

-48,342

-51,416

-44,230

-72,398

-102,812

-103,710

-144,148

-95,177

-43,919

-23,906

-46,672

-67,522

-111,136

-153,113

-191,443

-202,709

-195,350

-147,372

-67,397

-30,436

-18,770

-23,381

0

0

0

Increase (decrease) in brokered deposits

-30,664

-156,396

-251,242

-211,630

-144,323

-31,712

113,041

145,953

-23,221

90,482

29,242

23,095

76,516

-17,928

-78,943

-24,496

6,457

-30,228

-19,585

-16,837

-53,743

18,231

67,568

27,701

58,703

-1,914

-86,686

-113,535

-108,580

-117,361

41,332

119,416

132,812

38,804

0

0

0

Decrease in loan payable

-

-

-

-

-

-

-

-

-

338

-363

-360

-383

-370

-366

-366

-367

61

-370

-369

-370

-370

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of reverse mortgage trust bonds payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Receipts from FHLB advances

16,802,926

32,320,456

25,532,004

38,916,301

62,899,626

83,721,532

119,756,612

139,678,353

142,813,648

143,852,751

141,095,533

136,707,145

136,044,186

121,977,563

107,282,340

106,446,994

77,220,735

63,310,841

56,371,318

36,109,516

66,331,668

78,831,426

88,522,356

94,909,808

60,087,527

48,790,848

41,753,795

32,713,886

51,274,267

39,981,624

31,498,669

24,464,562

13,896,049

14,046,295

0

0

0

Repayments of FHLB advances

16,764,195

32,536,246

25,504,794

39,430,964

63,405,548

84,103,068

120,115,959

139,871,666

142,524,581

143,996,986

141,214,888

136,770,261

136,453,917

121,792,841

107,108,200

105,985,971

77,136,668

63,047,221

56,245,451

36,447,224

66,367,785

79,068,675

88,610,683

94,516,718

59,887,965

48,529,067

41,546,230

32,741,508

51,346,978

40,143,996

31,674,575

24,705,717

13,857,035

13,996,572

0

0

0

Receipts from federal funds purchased

32,832,675

32,252,775

23,893,575

22,372,875

20,128,000

21,239,675

24,219,100

24,619,750

24,517,250

23,008,000

23,636,000

23,579,750

25,679,850

27,702,620

30,720,395

17,842,492

33,616,620

31,887,100

29,544,400

43,961,954

26,924,751

25,741,826

24,649,951

11,974,771

21,224,950

21,291,625

20,575,100

31,193,879

21,127,675

19,027,675

24,381,475

14,235,000

11,537,129

13,350,000

0

0

0

Repayments of federal funds purchased

32,836,950

32,215,750

23,893,575

22,327,875

20,148,725

21,109,700

24,289,100

24,614,750

24,527,250

23,110,000

23,647,000

23,565,750

25,672,375

27,700,820

30,730,395

18,204,504

33,577,945

31,862,125

29,528,400

43,609,942

26,936,526

25,710,601

24,663,951

12,286,261

21,194,325

21,304,625

20,561,100

30,896,389

21,107,675

18,967,675

24,381,475

14,235,000

11,571,335

13,400,000

0

0

0

Dividends paid

25,172

22,463

19,660

16,808

13,874

13,249

12,622

11,324

10,052

9,425

8,795

8,475

8,048

7,632

7,223

6,735

6,380

6,002

5,647

5,326

4,982

4,644

3,194

4,714

5,354

5,998

7,712

6,828

6,821

6,810

6,766

6,749

6,732

6,718

0

0

0

Issuance of common stock and exercise of common stock options

8,510

7,755

8,817

8,318

8,876

11,253

10,880

9,598

4,940

3,421

2,299

1,062

2,753

1,900

2,390

3,038

2,903

3,160

4,925

4,595

3,650

3,613

3,506

4,477

4,663

4,353

3,640

3,378

2,665

2,503

1,296

150

678

1,124

0

0

0

Change in noncontrolling interest

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of unsecured debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

30,000

0

0

0

-

-

-

-

Purchase of common stock

126,872

97,186

80,427

42,228

36,774

31,202

11,056

11,784

12,415

11,752

10,633

9,307

8,135

14,312

16,276

30,041

39,775

31,659

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefit from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

968

1,049

764

683

566

501

475

399

288

711

728

776

0

0

0

Net cash provided by (used for) financing activities

-113,958

-432,694

-329,594

-360,842

-152,495

121,227

200,795

251,453

38,337

160,561

158,299

239,903

445,020

457,157

422,023

256,456

256,124

254,804

180,183

132,419

54,700

-17,676

39,131

104,348

123,415

98,618

135,386

195,451

-5,451

45,088

38,099

673

333,286

295,726

0

0

0

(Decrease) increase in cash and cash equivalents

-142,702

-49,005

-131,073

-181,655

-63,277

-103,109

-21,993

-41,831

-144,174

-98,057

-80,040

41,418

265,235

260,744

284,368

170,202

84,093

53,140

57,736

58,502

66,210

23,613

-31,144

-62,333

-90,887

-16,461

55,345

70,271

70,917

32,870

-16,453

-23,915

65,422

91,258

0

0

0

Supplemental disclosure of cash flow information:
Interest

83,822

74,942

67,121

58,440

44,281

45,636

38,973

37,046

35,112

33,569

31,138

28,466

24,275

22,483

18,113

17,361

16,712

15,978

17,641

16,654

16,086

15,664

15,430

15,566

15,455

15,696

19,917

21,259

22,549

24,099

27,366

29,731

31,878

34,012

0

0

0

Income taxes

31,204

33,843

36,141

31,709

34,480

33,316

32,334

38,683

34,907

31,441

27,046

22,684

14,072

24,825

25,486

25,426

24,392

23,404

20,571

21,928

27,070

23,688

25,721

24,492

21,636

21,868

21,249

15,211

15,001

13,806

11,193

11,035

7,157

3,150

0

0

0

Non-cash information:
Loans transferred to other real estate owned

4,478

2,541

3,739

4,104

1,549

3,302

2,188

3,736

5,635

5,206

5,721

4,343

3,571

2,251

2,635

1,947

2,529

3,725

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loans transferred to portfolio from held-for-sale at fair value

30,917

24,862

21,570

22,633

11,647

9,553

7,621

3,893

4,922

13,142

19,364

20,264

17,879

12,919

4,734

2,000

-200

-1,499

353

420

460

2,418

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net change in accumulated other comprehensive income

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

3,853

-

11,032

4,224

20,108

24,794

12,286

9,786

-19,604

-34,237

0

0

0

-

-

-

0

-

-

-

0

Loans transferred to assets acquired through foreclosure

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

8,090

7,823

9,308

9,953

13,230

21,749

17,608

18,331

0

0

0

Fair value of assets acquired, net of cash received

-296

5,032,156

5,032,299

5,033,367

5,032,452

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Fair value of liabilities assumed

-542

5,108,228

5,108,371

5,109,931

5,108,770

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment securities transferred from available-for-sale to held-to-maturity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash goodwill adjustments, net

-

-

-

-

-

-

-

-

-

-1,532

2,076

940

891

2,112

-1,496

-560

-395

136

136

247

84

46

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Right of use asset

60

121,288

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Lease liability

0

132,346

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-