WSFS Financial CEO Discusses Q3 2010 Results - Earnings Call Transcript

WSFS Financial Corporation (WSFS)

Q3 2010 Earnings Call Transcript

October 29, 2010 1:00 pm ET

Executives

Steve Fowle – EVP and CFO

Mark Turner – President and CEO

Rodger Levenson – EVP and Director, Commercial Banking

Rick Wright – EVP and Director, Retail Banking

Analysts

Michael Sarcone – Sandler O’Neill

Steve Moss – Janney Montgomery Scott

Matt Schultheis – Boenning & Scattergood

Andy Stapp – B. Riley & Co.

Nancy Frohna – 1492 Capital Management

Presentation

Operator

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Previous Statements by WSFS
» WSFS Financial Corporation Q2 2010 Earnings Call Transcript
» WSFS Financial Corporation Q1 2010 Earnings Call Transcript
» WSFS Financial Q2 2009 Earnings Call Transcript

Good day, ladies and gentlemen, welcome to your WSFS Financial Corporation’s third quarter 2010 earnings release conference call. At this time, all participants are in a listen-only mode. Later we will conduct a question-and-answer session and instructions will be given at that time. If anyone should require assistance during the program, please press star then zero on your touchtone telephone. And as a reminder, this is being recorded.

I would now like to introduce Mr. Stephen Fowle, Chief Financial Officer. Please begin.

Steve Fowle

Thank you, Mary. Today, I also have participating on the call, Mark Turner, our President and CEO; Rick Wright, Head of Retail Lending; Rodger Levenson, Head of Commercial. And before we start, I am going to read our Safe Harbor statement. The following discussion may contain statements which are not historical facts and are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995.

Such forward-looking statements, which are based on various assumptions, some of which may be beyond the company's control, are subject to risks and uncertainties and other factors which could cause actual results to differ materially from those currently anticipated. Such risks and uncertainties include, but are not limited to, those related to the economic environment, particularly in the market areas in which the company operates; the volatility of the financial and securities markets, including changes with respect to the market value of our financial assets; changes in government laws and regulations affecting financial institutions, including potential expenses associated therewith.