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 Q1 2021

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Earnings data Q3 2024

Earnings data Q4 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.

WSFS Financial reports robust Q3 performance amidst credit challenges

WSFS Financial Corporation delivered a strong performance in Q3 2024, with notable increases in core EPS, core ROA, and core fee revenue.
While facing challenges related to credit costs and asset quality, the company remains well-positioned for growth and profitability.
By leveraging its strengths in capital efficiency and revenue diversification, WSFS can navigate challenges and seize opportunities for sustained success.

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WILMINGTON, Del.--(BUSINESS WIRE)--WSFS Financial Corporation (Nasdaq: WSFS), the parent company of WSFS Bank, is pleased to announce the appointment of Owen Mathews to the position of Senior Vice President, Corporate Development Officer, reporting to Arthur Bacci, Executive Vice President and Chief Operating Officer. In his new role, Mathews will be responsible for helping drive growth and expansion through mergers and acquisitions, strategic partnerships, joint ventures, and other growth-rela.

WSFS Appoints Owen Mathews as Corporate Development Officer

WILMINGTON, Del.--(BUSINESS WIRE)--WSFS Financial Corporation (Nasdaq: WSFS), the parent company of WSFS Bank, announced today several promotions within the Commercial Banking and Risk leadership teams, effective January 1, 2025, as the Company prepares for its next phase of growth. Jim Gise will become Executive Vice President, Director of Corporate & Specialty Banking, reporting to Jim Wechsler, Executive Vice President, Chief Commercial Banking Officer. Gise will also serve as Deputy Chi.

WSFS Strengthens Commercial and Risk Leadership Teams to Support Next Phase of Growth

WILMINGTON, Del.--(BUSINESS WIRE)--WSFS Financial Corporation (Nasdaq: WSFS), the parent company of Bryn Mawr Trust, announced the addition of three highly respected financial professionals to its growing team. Tony Lunger has joined as Senior Vice President and Wealth Director, Mark Gerstenschlager as Senior Vice President and Senior Investment Advisor, and Pamela Opalach as Vice President and Senior Financial Associate. Lunger, Gerstenschlager, and Opalach join Bryn Mawr Trust after decades o.

Bryn Mawr Trust Welcomes Tony Lunger, Mark Gerstenschlager, and Pamela Opalach to Wealth Advisory Team

WILMINGTON, Del.--(BUSINESS WIRE)--According to a new survey from Bryn Mawr Trust, a WSFS Company (Nasdaq: WSFS), Americans have little awareness about the importance of digital estate planning, despite placing a high monetary value on their digital assets. The survey found that Americans estimate a value of $191,516 on average for digital assets, however, 76% reported having little or no knowledge of digital estate planning. The data also uncovered opportunities for financial advisors to bring.

Bryn Mawr Trust Survey Reveals Americans Value Digital Assets at $191,516 on Average, But Gaps Exist in Digital Asset Awareness and Estate Planning

WILMINGTON, Del.--(BUSINESS WIRE)--WSFS Financial Corporation (Nasdaq: WSFS), the parent company of WSFS Bank, announced that accomplished financial marketing leader Lynn Hobson has joined WSFS as Chief Marketing Officer effective December 2, 2024. WSFS' former Chief Marketing Officer Justin Dunn has assumed the newly created role of Chief Community Impact Officer. These moves ensure WSFS will continue to maximize its impact in the Greater Philadelphia and Delaware region. As Senior Vice Presid.

WSFS Appoints New Chief Marketing Officer and Chief Community Impact Officer

WILMINGTON, Del.--(BUSINESS WIRE)--WSFS Financial Corporation (Nasdaq: WSFS), the parent company of Bryn Mawr Trust, is consistently adding new talent across several teams as it grows its advisory business and wealth management services. “Bryn Mawr Trust remains focused on growth and expansion by recruiting, attracting, and hiring exceptional talent to strategically position us as a frontrunner in wealth management services and solidify our status as the premier ﬁrm in the region,” said Jamie P.

Bryn Mawr Trust Continues Adding Advisory Business Talent to Meet Growth Demands

WILMINGTON, Del.--(BUSINESS WIRE)--WSFS Financial Corporation (Nasdaq: WSFS), the parent company of WSFS Bank, will participate at Piper Sandler's East Coast Financial Services Conference. Rodger Levenson, WSFS' Chairman, President and Chief Executive Officer, David Burg, Executive Vice President, Chief Financial Officer, and Art Bacci, Executive Vice President, Chief Operating Officer, will host discussions with investors on November 14, 2024, in Naples, Florida. Presentation Materials: WSFS w.

WSFS Management to Hold Meetings with Investors at Piper Sandler's East Coast Financial Services Conference

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 third quarter by the WSFS CARES Foundation board, will support the following organizations: Pathways to Success ($160,000 Grant to be paid over two years) Pathways to Success, based in Georgetown, Del., was esta.

WSFS CARES Foundation Supports Community Organizations with $105K in Third Quarter Grants

WILMINGTON, Del.--(BUSINESS WIRE)--WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), today announced that James (Jim) Wechsler has been named Executive Vice President, Chief Commercial Banking Officer, effective January 1, 2025. In his new role, Wechsler will join the Executive Leadership Team, reporting to Art Bacci, Executive Vice President and Chief Operating Officer and oversee Commercial & Industrial Banking, Commercial Real Estate, Treasury Management, Ca.

WSFS Bank Announces Promotion of James J. Wechsler to Executive Vice President, Chief Commercial Banking Officer

WSFS Financial Corporation (NASDAQ:WSFS ) Q3 2024 Earnings Conference Call October 25, 2024 1:00 PM ET Company Participants Rodger Levenson - Chairman, President and Chief Executive Officer David Burg - Executive Vice President, Chief Financial Officer Steve Clark - Executive Vice President, Chief Commercial Banking Officer Conference Call Participants Russell Gunther - Stephens Kate Ashley - KBW Sharanjit Cheema - D.A. Davidson Frank Schiraldi - Piper Sandler Operator Thank you for standing by and welcome to the WSFS Financial Corporation Third Quarter Earnings Call.

WSFS Financial Corporation (WSFS) Q3 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 September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Compared to Estimates, WSFS (WSFS) Q3 Earnings: A Look at Key Metrics

WSFS Financial (WSFS) came out with quarterly earnings of $1.08 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $1.23 per share a year ago.

WSFS Financial (WSFS) Matches Q3 Earnings Estimates

WILMINGTON, Del.--(BUSINESS WIRE)--WSFS Financial Corporation (Nasdaq: WSFS), the parent company of WSFS Bank, today announced its financial results for the third quarter of 2024. Selected financial results and metrics are as follows: (Dollars in millions, except per share data)   3Q 2024   2Q 2024   3Q 2023 Net interest income   $ 177.5     $ 174.4     $ 182.6   Fee revenue     90.2       91.6       72.7   Total net revenue     267.7       266.0       255.3   Provision for credit losses     18.

WSFS Reports 3Q 2024 ROA of 1.22% and EPS of $1.08; Results Reflect Continued Loan, Deposit, and Fee Revenue Growth

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

Unlocking Q3 Potential of WSFS (WSFS): Exploring Wall Street Estimates for Key Metrics

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.

Analysts Estimate WSFS Financial (WSFS) to Report a Decline in Earnings: What to Look Out for

WILMINGTON, Del.--(BUSINESS WIRE)--WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), today announced the launch of its annual Food Drive to combat food insecurity across the Greater Philadelphia and Delaware region. WSFS banking offices in Delaware, New Jersey and Pennsylvania will serve as deposit centers for nonperishable donations from WSFS Associates, Customers and Community members through December 31, 2024. WSFS officially kicked off the Food Drive at WSFS Ba.

Fighting Food Insecurity Together: WSFS Bank, Sharing Excess and Sunday Breakfast Mission Team Up for Annual Food Drive

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

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