EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2024

4. EARNINGS PER SHARE

The following table shows the computation of basic and diluted earnings per share:


(Dollars and shares in thousands, except per share data)	2024		2023		2022
Numerator:
Net income attributable to WSFS	$	263,671	$	269,156	$	222,375
Denominator:
Weighted average basic shares	59,547		61,108		63,453
Dilutive potential common shares	192		113		206
Weighted average fully diluted shares	59,739		61,221		63,659
Earnings per share:
Basic	$	4.43	$	4.40	$	3.50
Diluted	$	4.41	$	4.40	$	3.49
Outstanding common stock equivalents having no dilutive effect	2		14		9

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.