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EARNINGS PER SHARE | 9 Months Ended
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Sep. 30, 2024
Earnings Per Share [Abstract] |
EARNINGS PER SHARE | 4. EARNINGS PER SHARE The following table shows the computation of basic and diluted earnings per share:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(Dollars and shares in thousands, except per share data) | 2024 |  | 2023 |  | 2024 |  | 2023
Numerator: |  |  |  |  |  |  |
Net income attributable to WSFS | $ | 64,435 |  |  | $ | 74,166 |  |  | $ | 199,469 |  |  | $ | 205,248 |
Denominator: |  |  |  |  |  |  |
Weighted average basic shares | 59,186 |  |  | 60,942 |  |  | 59,788 |  |  | 61,265 |
Dilutive potential common shares | 208 |  |  | 97 |  |  | 168 |  |  | 103 |
Weighted average fully diluted shares | 59,394 |  |  | 61,039 |  |  | $ | 59,956 |  |  | $ | 61,368 |
Earnings per share: |  |  |  |  |  |  |
Basic | $ | 1.09 |  |  | $ | 1.22 |  |  | $ | 3.34 |  |  | $ | 3.35 |
Diluted | $ | 1.08 |  |  | $ | 1.22 |  |  | $ | 3.33 |  |  | $ | 3.34 |
Outstanding common stock equivalents having no dilutive effect | — |  |  | 18 |  |  | 2 |  |  | 18 |
Basic earnings per share is calculated by dividing Net income attributable to WSFS by the weighted-average basic shares outstanding. Diluted earnings per share is calculated by dividing Net income attributable to WSFS by the weighted-average fully diluted shares outstanding, using the treasury stock method. Fully diluted shares include the adjustment for the dilutive effect of common stock awards, which include outstanding stock options under the 2013 Incentive Plan and the 2018 Incentive Plan and unvested restricted stock units and performance stock units under the 2018 Incentive Plan.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
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