WSFS Financial

WSFS Financial Corp. is a savings and loan holding company, which engages in the provision of banking and financial services. It operates through the following business segments: WSFS Bank, Cash Connect, and Wealth Management. The WSFS Bank segment provides loans and other financial products to commercial and retail customers. The Cash Connect segment offers ATM vault cash, cash safe, and other cash logistics services. The Wealth Management segment focuses on an array of fiduciary, investment management, credit, and deposit products to clients. The company was founded in 1832 and is headquartered in Wilmington, DE.

Earnings data Q4 2020

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

WSFS Financial reports strong Q4 performance and optimistic outlook for 2023

WSFS Financial's Q4 2022 performance showcased strength in core metrics and operational improvements, setting a positive tone for 2023.
While facing challenges such as provision costs and flat deposits, the company's strategic outlook and commitment to shareholder value position it well for the future.
With a focus on efficiency, profitability, and growth opportunities, WSFS Financial aims to navigate challenges and drive performance in the upcoming year.

WSFS Financial reports robust Q1 performance amidst charge-off challenges

WSFS Financial Corporation demonstrated strong financial performance in Q1 2023, driven by robust core metrics and revenue streams. While facing challenges with increased charge-offs, the company's stable asset quality and strategic focus position it well for growth. Leveraging its diverse deposit base and focusing on core strengths present opportunities for continued success.

WSFS Financial reports strong Q2 earnings, poised for strategic growth

WSFS Financial delivered robust financial performance in Q2 2023, marked by strong core EPS growth, loan and deposit expansion, and increased core fee revenue.
Despite challenges in asset quality and potential interest rate risks, the company's strategic positioning and outlook indicate resilience and growth potential.
By capitalizing on opportunities in loan expansion and fee revenue growth, WSFS Financial can navigate challenges and drive sustainable business growth in the future.

WSFS Financial excels in Q3 2023 with strong core performance

WSFS Financial's Q3 2023 performance was marked by strong core EPS and ROA, supported by loan growth and solid net interest margin. While facing challenges in asset quality metrics and credit losses, the company is strategically positioned to capitalize on loan growth opportunities and stabilize NIM in the coming quarters. Anticipated fee income fluctuations are expected to be offset by the strong performance of core components.

WSFS Financial excels in Q4 2023, eyes growth opportunities ahead

WSFS Financial's Q4 2023 performance reflects strength in core metrics and revenue streams. The company's solid capital position and earnings provide a cushion against economic headwinds. With a focus on fee income and strategic investments, WSFS is poised for continued growth and shareholder returns.

WSFS Financial reports strong Q1 earnings and optimistic outlook

WSFS Financial's Q1 2024 earnings call showcased strong financial performance, growth in key metrics, and a positive outlook for the year. Despite challenges in noninterest expenses, the company remains well positioned for continued success and value creation.

WSFS Financial excels in Q2 performance, eyes growth opportunities

WSFS Financial showcased strong financial metrics, robust capital return to shareholders, and a positive outlook for maintaining performance.
While facing challenges in managing growth pace and market risks, the company can capitalize on opportunities in fee business expansion and digital innovation.
Strategic planning and risk management will be crucial for WSFS to navigate uncertainties and sustain its growth trajectory in the evolving financial landscape.

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WILMINGTON, Del.--(BUSINESS WIRE)--WSFS Financial Corporation (Nasdaq: WSFS), the parent company of WSFS Bank, expects to report its third quarter earnings at the end of business Thursday, October 24, 2024. Management will conduct a conference call to review this information at 1:00 p.m. Eastern Time (ET) on Friday, October 25, 2024. Interested parties can register in advance here or access the conference call live at investors.wsfsbank.com. Earnings release and supplemental materials will be a.

WSFS Financial Corporation Announces Third Quarter 2024 Earnings Release Date and Conference Call

WILMINGTON, Del.--(BUSINESS WIRE)--WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), is pleased to announce the hire of Andrea Kelly as Senior Vice President, Senior Private Banking Relationship Manager, reporting to Lisa Chorlton, Senior Vice President, Senior Private Banking Relationship Manager Team Leader. As an addition to the Private Banking team, she will manage Private Wealth Management relationships for high-net-worth Clients, supporting their needs throug.

WSFS Expands Private Banking Team with Hire of Andrea Kelly as Senior Vice President, Senior Private Banking Relationship Manager

WILMINGTON, Del.--(BUSINESS WIRE)--Thirty-eight percent of regional residents are spending more money now compared to last year, while only 28% are saving more, according to a Money Trends survey from WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS). Economic pressures remained, with the rise in costs and inflation noted as the top driver of increased spending (69%) among those who said their spending has increased. While the economy remained challenging, many cons.

Regional Consumers' Spending and Saving Habits Remain Flexible in Challenging Economy, WSFS Bank's Annual Money Trends Survey Finds

WILMINGTON, Del.--(BUSINESS WIRE)--WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), is pleased to announce the promotion of Terry Kistler to Senior Vice President, Regional Manager of the Southern Delaware region, reporting to Shelly Kavanagh, Senior Vice President and Director of Retail Delivery. As Regional Manager, Kistler will oversee 13 banking offices located in Southern Delaware. He will focus on developing business opportunities within the region, as well.

WSFS Promotes Terry Kistler to Senior Vice President, Regional Manager of Southern Delaware

WILMINGTON, Del.--(BUSINESS WIRE)--WSFS Financial Corporation (Nasdaq: WSFS), the parent company of WSFS Bank, will participate at the 2024 Stephens Bank Forum on September 17-18, 2024, in Little Rock, Arkansas. Rodger Levenson, WSFS' Chairman, President and Chief Executive Officer, David Burg, Executive Vice President, Chief Financial Officer, and Arthur Bacci, Executive Vice President, Chief Operating Officer will host discussions with investors. Presentation Materials: WSFS will present its.

WSFS Management to Meet with Investors at the 2024 Stephens Bank Forum

WILMINGTON, Del.--(BUSINESS WIRE)--WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), is pleased to announce Randy Royther as Senior Vice President, Director of Interest Rate Hedging, reporting to Neil Orechiwsky, Senior Vice President and Managing Director of Capital Markets. Royther will be responsible for leading the Interest Rate Derivatives team while driving business development efforts with relationship bankers and their Customers to expand the use of these i.

WSFS Announces Randy Royther as Senior Vice President, Director of Interest Rate Hedging

Cleveland-Cliffs

PITTSBURGH--(BUSINESS WIRE)--Holy Name recently selected 9Rooftops Health as its agency of record, and together they have now launched the organization's first campaign.

9Rooftops Health Highlights Holy Name's Unique Blend of “Science and Soul” in New Brand Campaign

WILMINGTON, Del.--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) has reaffirmed the senior unsecured debt rating of A- for WSFS Financial Corporation (NASDAQ: WSFS) (“WSFS” or “the Company”). KBRA also reaffirmed WSFS' subordinated debt rating of BBB+ and a short-term debt rating of K2. WSFS Bank, the Company's primary subsidiary, received strong credit ratings as well, including A ratings for both senior unsecured debt and deposit, a subordinated debt rating of A-, and the short-term debt an.

WSFS Financial Corporation's A- Senior Unsecured Debt Rating Affirmed with Stable Outlook by KBRA, Reflecting Strong Earnings, Liquidity, Capital, and Diversified Fee Revenue

WILMINGTON, Del.--(BUSINESS WIRE)--WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), is pleased to announce the expansion of its Capital Markets team with the hires of Michael Burnap and Christian Gil as Senior Vice Presidents, Directors of Trade Finance, reporting to Neil Orechiwsky, Senior Vice President and Managing Director of Capital Markets. “WSFS is committed to being the premier provider of international services to our Customers and the markets we serve,”.

WSFS Bank Expands Capital Markets Team and International Services with Hires of Michael Burnap and Christian Gil as Senior Vice Presidents, Directors of Trade Finance

Veritone

SAN FRANCISCO--(BUSINESS WIRE)--Melio, a leading B2B payments platform for small businesses, has been named to the Forbes 2024 Cloud 100, the definitive ranking of the top 100 private cloud companies in the world, published by Forbes in partnership with Bessemer Venture Partners and Salesforce Ventures. “The Forbes 2024 Cloud 100 is testimony that Melio is transforming digital payments and we are proud to be listed among so many leaders of innovation,” says Matan Bar, co-founder and Chief Execu.

Melio Named to the 2024 Forbes Cloud 100

WILMINGTON, Del.--(BUSINESS WIRE)--WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), is pleased to announce the hire of John Heiser as Senior Vice President and Senior Private Banking Relationship Manager, reporting to Cheryl Vaughan, Senior Vice President, Private Banking Relationship Manager Team Lead. As an addition to the Private Banking team, John Heiser will manage Private Wealth Management relationships for high-net-worth Clients, supporting their needs thro.

WSFS Announces John Heiser as Senior Vice President, Senior Private Banking Relationship Manager

Does WSFS Financial (WSFS) have what it takes to be a top stock pick for momentum investors? Let's find out.

WSFS Financial (WSFS) is a Great Momentum Stock: Should You Buy?

WSFS Financial Corporation (NASDAQ:WSFS ) Q2 2024 Earnings Conference Call July 26, 2024 1:00 PM ET Company Participants Arthur Bacci - Chief Wealth Officer & Interim CFO Rodger Levenson - Chairman, President & |CEO Shari Kruzinski - Chief Consumer Banking Officer Stephen Clark - Chief Commercial Banking Officer Conference Call Participants Russell Gunther - Stephens Manuel Navas - D.A. Davidson Kelly Motta - KBW Frank Schiraldi - Piper Sandler Jacob Civiello - Janney Montgomery Scott Operator Thank you for standing by.

WSFS Financial Corporation (WSFS) Q2 2024 Earnings Call Transcript

While the top- and bottom-line numbers for WSFS (WSFS) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

WSFS (WSFS) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

WSFS Financial (WSFS) came out with quarterly earnings of $1.08 per share, beating the Zacks Consensus Estimate of $1.04 per share. This compares to earnings of $1.16 per share a year ago.

WSFS Financial (WSFS) Surpasses Q2 Earnings and Revenue Estimates

WILMINGTON, Del.--(BUSINESS WIRE)--WSFS Financial Corporation (Nasdaq: WSFS), the parent company of WSFS Bank, today announced its financial results for the second quarter of 2024. Selected financial results and metrics are as follows: (Dollars in millions, except per share data)     2Q 2024       1Q 2024       2Q 2023   Net interest income   $ 174.4     $ 175.3     $ 181.8   Fee revenue     91.6       75.9       66.9   Total net revenue     266.0       251.1       248.7   Provision for credit.

WSFS Reports 2Q 2024 ROA of 1.34% and EPS of $1.16; Results Reflect Loan, Deposit and Diversified Fee Revenue Growth, Net Interest Margin of 3.85%

Evaluate the expected performance of WSFS (WSFS) for the quarter ended June 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.

What Analyst Projections for Key Metrics Reveal About WSFS (WSFS) Q2 Earnings

WILMINGTON, Del.--(BUSINESS WIRE)--WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), is pleased to announce the hire of Stacey Ioia as Senior Vice President, Director of Enterprise Fraud Risk Management, reporting to Michael Dzielak, Senior Vice President, Director of Financial Crimes. Ioia will be responsible for leading the Enterprise Fraud Risk Management Program, including the direct supervision of Associates who prevent, detect, and mitigate financial criminal.

WSFS Announces Stacey Ioia as Senior Vice President, Director of Enterprise Fraud Risk Management

WSFS (WSFS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: WSFS Financial (WSFS) Q2 Earnings Expected to Decline

WSFS (WSFS) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

WSFS (WSFS) Moves 7.1% Higher: Will This Strength Last?

WILMINGTON, Del.--(BUSINESS WIRE)--The WSFS CARES Foundation, the charitable giving arm of WSFS Bank (Nasdaq: WSFS), announced it has provided grants to two organizations as part of its continuing series of philanthropic activities by WSFS and the Foundation. The grants, approved in the second quarter by the WSFS CARES Foundation board, will support the following organizations: Be Ready Community Development Corp. ($200,000 Grant to be paid over two years) Be Ready Community Development Corpora.

WSFS CARES Foundation Supports Community Organizations with $200K in Second Quarter Grants

Citizens Financial Group

HomeStreet

The Savings and Loan industry is facing challenges from high interest rates. At the same time, decent loan demand and a stable deposit base will help industry players like Citizens Financial (CFG), WSFS Financial (WSFS) and HomeStreet (HMST) to navigate headwinds.

3 Savings & Loan Stocks to Watch Amid High Interest Rate

WILMINGTON, Del.--(BUSINESS WIRE)--WSFS Financial Corporation (Nasdaq: WSFS), the parent company of WSFS Bank, expects to report its second quarter earnings at the end of business Thursday, July 25, 2024. Management will conduct a conference call to review this information at 1:00 p.m. Eastern Time (ET) on Friday, July 26, 2024. Interested parties can register in advance here or access the conference call live at investors.wsfsbank.com. Earnings release and supplemental materials will be availa.

WSFS Financial Corporation Announces Second Quarter 2024 Earnings Release Date and Conference Call

WILMINGTON, Del.--(BUSINESS WIRE)--On June 12, 2024, nearly 1,500 WSFS Associates volunteered at more than 130 community organizations across the region as part of WSFS' second annual We Stand for Service Day. The Company-wide day of giving back through volunteerism saw approximately 1,500 Associates band together to volunteer more than 5,000 hours and make an impact at organizations across the region. “Our commitment to service goes beyond banking. Through initiatives like We Stand for Service.

Nearly 1,500 WSFS Associates Volunteer Across the Region for We Stand for Service Day

WILMINGTON, Del.--(BUSINESS WIRE)--Moody's Investors Service has reaffirmed their ratings to WSFS Financial Corporation (NASDAQ: WSFS) (“WSFS” or “the Company”) with an issuer rating of Baa2 and a Stable Outlook. Long-and short-term deposits of A2/Prime-1, together with a standalone Baseline Credit Assessment of Baa1. Moody's has also assigned Counterparty Risk Assessment of A3(cr)/Prime-2(cr) and Counterparty Risk Ratings (local and foreign currency) of Baa1/Prime-2. Moody's debt ratings for W.

WSFS Financial Corp's Baa2 Issuer Rating with a Stable Outlook Affirmed by Moody's, Reflects Strong Capital, Liquidity, Credit, and Diversified Business Model

News for WSFS Financial Stock (WSFS)