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 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., March 11, 2021 (GLOBE NEWSWIRE) -- Kroll Bond Rating Agency (KBRA) affirmed the ratings of WSFS Financial Corporation (NASDAQ: WSFS) (“WSFS”) following the March 10, 2021 announcement to combine with Bryn Mawr Bank Corporation (NASDAQ: BMTC) (“Bryn Mawr”). Upon the close of the transaction, Bryn Mawr Trust, the wholly owned subsidiary of Bryn Mawr, will merge into WSFS Bank, a wholly owned subsidiary of WSFS. With a “Stable Outlook” for WSFS, KBRA said it considers the transaction to be “strategically sound given that it represents a scale play for both companies, particularly in light of the recent focus on technology investment and integration. The combined organization will have the largest deposit market share within the Philadelphia MSA among community/regional banks by a reasonably-wide margin with an expanded wealth platform.”

KBRA Affirms Ratings for WSFS Financial Corporation Following its Announcement to Combine with Bryn Mawr Bank Corporation

Bryn Mawr Bank

NEW YORK, March 11, 2021 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Bryn Mawr Bank Corporation ("Bryn Mawr" or the "Company") (NASDAQ: BMTC) in connection with the proposed acquisition of the Company by WSFS Financial Corporation ("WSFS") (NASDAQ: WSFS).  Under the terms of the merger agreement, Bryn Mawr shareholders will receive 0.90 shares of WSFS common stock for each Bryn Mawr share that they own, representing an implied per-share value of $48.55 for Bryn Mawr stockholders based on the $53.94 closing price of WSFS stock on March 9, 2021.

SHAREHOLDER ALERT: WeissLaw LLP Investigates Bryn Mawr Bank Corporation

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLP, a global investor rights law firm, is investigating whether the merger of WSFS Financial Corporation (NASDAQ: WSFS) and Bryn Mawr Bank Corporation is fair to WSFS shareholders. Under the terms of the agreement, stockholders of Bryn Mawr will receive 0.90 of a share of WSFS common stock for each share of Bryn Mawr common stock. Halper Sadeh encourages WSFS shareholders to click here to learn more about their legal rights and options or contact Daniel

WSFS Merger Investigation: Halper Sadeh LLP Announces Investigation Into Whether the Merger of WSFS Financial Corporation Is Fair to Shareholders; Investors Are Encouraged to Contact the Firm – WSFS

Combination accelerates delivery and talent transformations by providing greater scale to leverage existing investments and enhance long-term initiatives. Combination accelerates delivery and talent transformations by providing greater scale to leverage existing investments and enhance long-term initiatives.

Photo Release -- WSFS Financial Corporation to Combine with Bryn Mawr Bank Corporation, Solidifies Position as the Premier Bank and Wealth Management Franchise in the Greater Philadelphia and Delaware Region

WILMINGTON, Del., March 08, 2021 (GLOBE NEWSWIRE) -- Today, WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), announced a total contribution of $850,000 for Educational Improvement Tax Credit Programs (EITC) and Opportunity Scholarship Tax Credit Programs (OSTC), supporting 65 schools and educational programs in Pennsylvania.

WSFS Bank Donates $850,000 in EITC and OSTC Funds to Pennsylvania Schools and Programs

Future uncertainty about their work, home and social environments shaping behaviors. Future uncertainty about their work, home and social environments shaping behaviors.

Affordability, Location and Lifestyle Remain Key Drivers for Homebuyers, But Most Fear a Middle-Class Pricing Squeeze, New WSFS Mortgage Regional Study Finds

WILMINGTON, Del., March 01, 2021 (GLOBE NEWSWIRE) -- Sandra Whalen has joined WSFS Institutional Services®, a division of WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), as Senior Vice President, Business Development Officer. Reporting to WSFS' Executive Vice President and Chief Wealth Officer Arthur J. Bacci, Whalen's primary focus is to strengthen and grow client relationships, help develop new products and work closely with the Corporate Trust team.

Sandra Whalen joins WSFS Institutional Services as Senior Vice President, Business Development Officer

WILMINGTON, Del., Feb. 25, 2021 (GLOBE NEWSWIRE) -- WSFS Financial Corporation (Nasdaq: WSFS), the parent company of WSFS Bank, announced that it will be added to the S&P SmallCap 600 Index, effective March 1, 2021. The S&P SmallCap 600 measures the small-cap segment of the U.S. equity market and consists of 600 domestic stocks selected by Standard & Poor's Index Committee based on several factors, including financial performance and market capitalization.

WSFS Selected to Join The S&P SmallCap 600® Index

The bank is preparing to join the S&P SmallCap 600 Index.

Why Shares of WSFS Financial Are Rising Today

Cleveland-Cliffs

Morgan Stanley

NEW YORK, Feb. 23, 2021 /PRNewswire/ -- S&P SmallCap 600 constituent Cleveland-Cliffs Inc. (NYSE: CLF) will replace Eaton Vance Corp. (NYSE: EV) in the S&P MidCap 400, and WSFS Financial Corp. (NASD: WSFS) will replace Cleveland-Cliffs in the S&P SmallCap 600 effective prior to the...

Cleveland-Cliffs Set to Join S&P MidCap 400; WSFS Financial to Join S&P SmallCap 600

Despite setbacks, 58% think their generation's financial stability is better than previous generations Despite setbacks, 58% think their generation's financial stability is better than previous generations

Photo Release -- WSFS Bank Study Finds Millennials and Gen Zers View Their Overall Financial Situations Positively

WILMINGTON, Del., Feb. 08, 2021 (GLOBE NEWSWIRE) -- WSFS Institutional Services®, a division of WSFS Bank (Nasdaq: WSFS), ranked as the sixth-most active trustee for U.S. Asset and Mortgage Backed Securities in 2020, according to Asset-Backed Alert's ABS Database. Of the twelve trustee companies that were ranked, WSFS Institutional Services was one of only two trustees experiencing growth last year; it had the highest growth rate at 9.9%.

Delaware Based WSFS Institutional Services Ranks Sixth in the Securitization Industry in the Nation

WSFS Financial Corporation (Nasdaq: WSFS), the parent company of WSFS Bank, will participate in the 2021 KBW Virtual Winter Financial Services Symposium on February 10, 2021. Rodger Levenson, WSFS' Chairman, President and Chief Executive Officer, Dominic C. Canuso, Executive Vice President and Chief Financial Officer, and Steve Clark, Executive Vice President and Chief Commercial Banking Officer, will host the discussion.

WSFS Management to Meet with Analysts and Investors at KBW Virtual Winter Financial Services Symposium

WSFS Climbs Rankings to Number 10; Debuted on List at Number 48 in 2020 WSFS Climbs Rankings to Number 10; Debuted on List at Number 48 in 2020

WSFS Bank Ranked Top Ten on Forbes 12th Annual Best Banks List

WSFS Financial Corporation (WSFS) CEO Rodger Levenson on Q4 2020 Results - Earnings Call Transcript

WSFS (WSFS) delivered earnings and revenue surprises of 26.09% and 6.21%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

WSFS Financial (WSFS) Q4 Earnings and Revenues Surpass Estimates

Shares of WSFS Financial (NASDAQ:WSFS) moved higher by 1.95% in after-market trading after the company reported Q4 results. Quarterly Results Earnings per share increased 20.83% year over year to $1.16, which beat the estimate of $0.91.

WSFS Financial: Q4 Earnings Insights

FOR ADDITIONAL FINANCIAL INFORMATION AND OUTLOOK, PLEASE REFER TO THE 4Q 2020 EARNINGS RELEASE SUPPLEMENT AVAILABLE IN THE INVESTOR RELATIONS SECTION OF WSFS' WEBSITE ( www.wsfsbank.com ).

WSFS Reports 4Q 2020 EPS of $1.20 and ROA of 1.73%; Results Driven By 3.93% NIM and Diversified Fee Income; Repurchased 6% of Shares in 4Q 2020; Strong ACL and Capital Levels

On Monday, January 25, WSFS Financial (NASDAQ:WSFS) will release its latest earnings report. Benzinga's report can help you figure out the ins and outs of the earnings release.

Earnings Preview for WSFS Financial

WILMINGTON, Del., Jan. 11, 2021 (GLOBE NEWSWIRE) -- WSFS Financial Corporation (Nasdaq: WSFS), the parent company of WSFS Bank, expects to report its fourth quarter earnings at the end of business Monday, January 25, 2021. Management will conduct a conference call to review this information at 1:00 p.m. Eastern Daylight Time (EDT) on Tuesday, January 26, 2021. Interested parties may listen to this call by dialing 1-877-312-5857 and using conference ID # 7570483.

WSFS Financial Corporation Announces Fourth Quarter 2020 Earnings Release Date and Conference Call

WILMINGTON, Del., Jan. 04, 2021 (GLOBE NEWSWIRE) -- WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), today announced the further expansion of its Commercial Banking team in the Greater Philadelphia region with the addition of three Commercial Lending Relationship Managers. Kimberly Godshall, Duane Lacsamana and Scott Woll, Jr. join the WSFS team, reporting to Patrick Fisher, Senior Vice President, Philadelphia Team Lead – Commercial Banking.

WSFS Bank Continues to Expand Commercial Banking Team in Philadelphia with Addition of Three Experienced Relationship Managers

Historically low initial coupon of 2.75% by a Kroll only rated senior debt Historically low initial coupon of 2.75% by a Kroll only rated senior debt

WSFS Financial Corporation Announces Closing of Senior Notes Offering

WILMINGTON, Del., Dec. 07, 2020 (GLOBE NEWSWIRE) -- WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), today announced William Coffey as its new Senior Vice President, Chief Technology Officer (CTO) reporting to Lisa Brubaker, Executive Vice President and Chief Information Officer.

Photo Release -- William Coffey Joins WSFS as Senior Vice President, Chief Technology Officer

WILMINGTON, Del., Dec. 04, 2020 (GLOBE NEWSWIRE) -- WSFS Financial Corporation (Nasdaq:WSFS), the parent company of WSFS Bank, today announced the pricing of its underwritten public offering of $150,000,000 million aggregate principal amount of Fixed-to-Floating Rate Senior Notes due 2030 (the "Notes"). The Notes will bear interest from and including December 8, 2020 to but excluding December 15, 2025, at a fixed rate of 2.75% per annum, payable semi-annually in arrears. From and including December 15, 2025 to but excluding the maturity date or earlier redemption date, the interest rate will reset quarterly at an annual floating rate equal to a benchmark rate (which is expected to be Three-Month Term SOFR (as defined in the Notes)) plus 248.5 basis points, payable quarterly in arrears. The Notes were offered to the public at 100% of their face amount.

WSFS Financial Corporation Announces Pricing of Senior Notes Offering

WILMINGTON, Del., Nov. 23, 2020 (GLOBE NEWSWIRE) -- WSFS Financial Corporation (Nasdaq: WSFS), the parent company of WSFS Bank, today announced the appointment of Nancy J. Foster, President and Chief Executive Officer of The Risk Management Association, to its Board of Directors, effective November 23, 2020. Foster will also serve on the Board's Executive Committee. She will stand for election at the 2021 Annual Meeting of Stockholders.

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