EARNINGS PER SHARE

9 Months Ended

Sep. 30, 2024

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.