EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2023

4. EARNINGS PER SHARE

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


	Three Months Ended March 31,
(Dollars and shares in thousands, except per share data)	2023		2022
Numerator:
Net income attributable to WSFS	$	62,404	$	3,804
Denominator:
Weighted average basic shares	61,511		64,943
Dilutive potential common shares	168		184
Weighted average fully diluted shares	61,679		65,127
Earnings per share:
Basic	$	1.01	$	0.06
Diluted	$	1.01	$	0.06
Outstanding common stock equivalents having no dilutive effect	6		14

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 and unvested restricted stock units under the 2013 Incentive Plan and the 2018 Incentive Plan.