WSFS Financial Corp. reported unaudited earnings results for the fourth quarter and full year ended December 31, 2015. For the quarter, the company reported net income of $14.0 million, or $0.46 per diluted common share for the fourth quarter of 2015 compared to net income of $12.7 million, or $0.44 per share for the fourth quarter of 2014 and net income of $14.4 million, or $0.51 per share for the third quarter of 2015. Core earnings per share (EPS) was $0.59, increased 28% from $0.46 for the fourth quarter of 2014; and Core return on average assets (ROA) increased 17% to 1.31% from 1.12% for the fourth quarter of 2014. Net interest income was $47,896,000 compared to $38,239,000 a year ago. Net interest income after provision for loan losses was $46,118,000 compared to $37,672,000 a year ago. Income before taxes was $21,968,000 compared to $19,286,000 a year ago. Return on average assets was 1.03% compared to 1.07% a year ago. Return on average equity was   9.71% compared to 10.40% a year ago. Return on tangible common equity was 11.84% compared to 12.16% a year ago. Non-GAAP Core net revenue was $70,459,000 compared to $58,168,000 a year ago. Book Value per share was $19.50 compared to $17.34 a year ago. Non-GAAP tangible common book value per was $16.30 compared to $15.30 a year ago. Non-GAAP net income was $17,839,000 compared to $13,284,000 a year ago.

For the full year, the company's net income was $53.5 million or $1.85 per diluted common share, as compared to $53.8 million, or $1.93 per share for the full year of 2014.  Net interest income was $166,800,000 compared to $144,507,000 a year ago. Net interest income after provision for loan losses was $159,010,000 compared to $140,927,000 a year ago. Income before taxes was $83,806,000 compared to $72,560,000 a year ago. Return on average assets was 1.05% compared to 1.17% a year ago. Return on average equity was   10.24% compared to 12.21% a year ago. Return on tangible common equity was 12.06% compared to 13.80% a year ago. Non-GAAP Core net revenue was $253,577,000 compared to $221,748,000 a year ago. Non-GAAP net income was $58,454,000 compared to $49,125,000 a year ago. Non-GAAP ROA was 1.15% compared to 1.07% a year ago. Core EPS was $2.02 compared to $1.76 a year ago.

Net charge-offs for the fourth quarter of 2015 were $1.1 million, or a low 12bps of total net loans on an annualized basis, a reduction from $5.9 million, or 70bps annualized in the third quarter of 2015 and $625,000, or 8bps annualized, in the fourth quarter of 2014.