Wilmington, Del.-based WSFS Financial Corp. is expecting its net interest margin for 2017 to average 3.9%, and projecting loan and deposit growth for the year to be both in the mid to high single digits.

According to a transcript of the company's Jan. 27 earnings call, President and CEO Mark Turner explained that the net interest margin projection assumes only one 25-basis-point increase of the Federal Reserve's fund rate during the year and also factors in the accretion from the company's recent acquisitions as well as the benefit of the planned payoff of the company's higher costing senior debt in the third quarter of 2017.

For 2017, the WSFS is also projecting fee income from strong organic growth and recent acquisitions to increase 20%, and is looking at total credit costs including provision, real estate owned, workout and related costs of $12 million to $14 million for the year, also due to organic growth and acquisition growth in loans. In addition, the company predicts a roughly 60% efficiency ratio for the year, and an effective tax rate close to 35%.

Turner noted during the call that the guidance was based on conditions before the election results.