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 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

WSFS Financial Corporation Reports Strong Q1 Performance Amid Provision Challenges

WSFS Financial Corporation's Q1 2023 performance showcased strong financial metrics, including diversified deposits, loan growth, and robust fee revenue. While facing challenges related to provisions and addressing investor inquiries, the company remains well-positioned to capitalize on opportunities for growth and engagement.

WSFS reports robust Q2 performance amidst recession outlook and challenges

WSFS delivered strong financial performance in Q2 2023, marked by robust loan and deposit growth, increased core fee revenue, and a healthy net interest margin. However, the company faces challenges related to an anticipated mild recession and potential credit quality concerns. Despite these challenges, WSFS has opportunities to navigate the economic environment and capitalize on continued growth in its wealth and capital markets trust businesses.

WSFS reports strong Q3 performance, anticipates stable fee income

WSFS Financial Corporation's Q3 2023 performance was driven by strong core EPS and ROA, despite challenges in specific businesses affecting asset quality metrics. The company remains on track to achieve the full-year outlook, assuming no additional short-term rate hikes and modest GDP growth in Q4.

WSFS reports successful Q4 2023, eyes growth amid challenges

WSFS Financial Corporation delivered strong financial performance in Q4 2023, driven by robust core earnings, deposit and loan growth, and solid fee revenue. While the outlook for 2024 presents challenges, the company's strong capital position and diverse business model position it well to capitalize on growth opportunities and navigate potential headwinds.

WSFS reports strong Q1 earnings, poised for top 2024 performance

WSFS delivered a strong performance in Q1 2024, with growth in core metrics and stable asset quality. The company faces challenges in managing expenses and optimizing deposit beta but has opportunities to enhance fee revenue and drive growth through loan and deposit expansion. Overall, WSFS remains well positioned for top financial performance in 2024.

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WILMINGTON, Del., March  25, 2020  (GLOBE NEWSWIRE) -- WSFS Bank today announced relief programs to support consumer, small business and commercial Customers that have been economically impacted due to COVID-19. 

WSFS Stands Ready to Support Customers Impacted by COVID-19

WILMINGTON, Del., March  19, 2020  (GLOBE NEWSWIRE) -- WSFS Bank today announced a $300,000 pledge from the WSFS Community Foundation to help local charities’ coronavirus relief efforts.

WSFS COMMUNITY FOUNDATION PARTNERS WITH LOCAL CHARITIES ON RELIEF EFFORTS FOR COVID-19, PLEDGES $300,000

Partnership Brings Efficiency and Transparency to a Trillion Dollar Industry Still Facing Risks with  Data Integrity and Lack of Real-Time Information Partnership Brings Efficiency and Transparency to a Trillion Dollar Industry Still Facing Risks with  Data Integrity and Lack of Real-Time Information

WSFS and Intain Collaborate to Offer Unique Asset-Backed Securities Trustee Services Using Enterprise Blockchain Technology

WILMINGTON, Del., Jan.  29, 2020  (GLOBE NEWSWIRE) -- WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), was recently named  the highest ranked locally-based bank on the   Forbes  11th Annual America’s Best Banks   list. WSFS was the only Delaware headquartered bank on the list and the highest-ranking bank based in the Greater Delaware Valley. Overall WSFS ranked No. 48.  This ranking is based on growth, credit quality and profitability. It looked at metrics like return on average tangible common equity, net interest margin efficiency ratio and net charge-offs.

WSFS Bank Ranked Highest Locally-based Bank on Forbes 11th Annual Best Banks List

WSFS Institutional Services will utilize Speedboat™ as its new tax lien custodian software solution WSFS Institutional Services will utilize Speedboat™ as its new tax lien custodian software solution

SDA Solutions LLC and WSFS Institutional Services Announce New Partnership

WSFS Financial Corp (WSFS) CEO Rodger Levenson on Q4 2019 Results - Earnings Call Transcript

WILMINGTON, Del., Dec.  18, 2019  (GLOBE NEWSWIRE) -- WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), has partnered with and sponsored newly opened REC Philly, in the Fashion District of Philadelphia, which provides resources and work space for Philadelphia’s art community.  Part creative incubator, part creative agency, REC is a physical space, digital application, and creator community designed and dedicated to providing its members with the resources, education & opportunities to build sustainable & scalable businesses around their talent.

WSFS Bank Partners with REC Philly, Membership Program for Creatives in Philly’s Fashion District

WILMINGTON, Del., Dec.  03, 2019  (GLOBE NEWSWIRE) -- WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), has introduced an enhanced website experience, launched Zelle, and kicked off a pilot for a highly-personalized messaging mobile application known as myWSFS, as the initial steps of the Bank’s Delivery Transformation. WSFS Bank’s Delivery Transformation is an action plan that kicked off earlier in 2019 in an effort to evaluate and upgrade its technology and digital solutions, with a focus on improving experiences for existing Customers, future Customers and Associates.

WSFS Bank Introduces Enhanced Website, Launches Zelle® and Pilots Highly-Personalized Messaging App as Initial Steps in Delivery Transformation

WILMINGTON, Del., Nov.  13, 2019  (GLOBE NEWSWIRE) -- Stanford A. Stanford, Sr., a long-time bank regulatory and compliance expert, has joined WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), as Senior Vice President and Chief Compliance Officer. Reporting to WSFS Executive Vice President and Chief Risk Officer, Paul Greenplate, Mr. Stanford will lead the design and execution of the Bank’s Compliance Risk Management (CRM) program and related policies and will partner with executive and senior management to ensure the Bank is compliant with banking regulations.

Photo Release -- Stanford A. Stanford, Sr.

WILMINGTON, Del., Nov.  12, 2019  (GLOBE NEWSWIRE) -- WSFS Financial Corporation (Nasdaq: WSFS), the parent company of WSFS Bank, announced that effective January 1, 2020, Rodger Levenson will assume the role of Chairman of the Board of Directors, in addition to his role as President and CEO. Mark A. Turner will step aside from his role as Executive Chairman and remain on the Board as a Director.

WSFS Executes Next Phase of Leadership Succession Plan; Rodger Levenson elevated to Chairman of the Board; Mark A. Turner will continue to serve on WSFS Board

WILMINGTON, Del., Oct.  30, 2019  (GLOBE NEWSWIRE) -- Cash Connect, a division of WSFS Bank, recently surpassed a significant milestone in the number of cash devices it services in all 50 states to more than 30,000. Cash Connect is the longest standing and a leading national provider of ATM vault cash, smart safes, and cash logistics. The company specializes in offering and servicing several types of cash devices nationwide, including ATMs, smart safes, cash recyclers, and cash payment kiosks.

Cash Connect®, a Leading National Provider of ATM Vault Cash, Smart Safes, and Cash Logistics, Reaches Milestone Servicing Over 30,000 Devices

WILMINGTON, Del., Oct.  28, 2019  (GLOBE NEWSWIRE) -- Pennsylvania native, Ron Dutton, has joined WSFS Bank as Senior Vice President and Director of Community Reinvestment with oversight of the Bank’s Community Reinvestment Act (CRA) program.  In this role, Mr. Dutton will interact with community leaders and government officials.  He will represent WSFS in civic, community, and other functions to enhance the Bank’s partnerships and commitment to all residents and entities within the neighborhoods it serves.  Mr. Dutton joins WSFS Bank following the retirement of former WSFS Associate and Director of Community Reinvestment, Terri Hasson.

Photo Release -- WSFS Bank Welcomes Ron Dutton as Director of Community Reinvestment

Bank joins over 800 as a unified voice serving SBA borrowers Bank joins over 800 as a unified voice serving SBA borrowers

WSFS Bank SBA Group Director Joins National Association of Government Guaranteed Lenders

WSFS Financial Corporation (WSFS) CEO Rodger Levenson on Q3 2019 Results - Earnings Call Transcript

WSFS (WSFS) delivered earnings and revenue surprises of 7.69% and 15.39%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

WSFS Financial (WSFS) Q3 Earnings and Revenues Surpass Estimates

WILMINGTON, Del., Oct.  21, 2019  (GLOBE NEWSWIRE) -- WSFS Financial Corporation (Nasdaq: WSFS), the parent company of WSFS Bank, today announced its financial results for the third quarter of 2019. 

WSFS Reports 3Q 2019 EPS of $1.02 and ROA of 1.72%; Strong Operating Results Driven by Acquisition and Organic Growth; Successfully Completed Beneficial Systems and Branding Conversion; Executing on Strategic Plan Goals

WILMINGTON, Del., Oct.  17, 2019  (GLOBE NEWSWIRE) -- Lisa Washington, an experienced legal executive and corporate officer, as well as a long-time resident of Philadelphia, has been named Senior Vice President and Chief Legal Officer of WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS). In this newly created role, Ms. Washington will oversee the enterprise-wide legal operations of WSFS and will report to WSFS Executive Vice President and Chief Risk Officer, Paul Greenplate.

Legal Executive and Philadelphia Area Native Lisa Washington is Named WSFS Bank’s New Chief Legal Officer

WILMINGTON, Del., Oct.  08, 2019  (GLOBE NEWSWIRE) -- As the holiday season approaches, WSFS Bank is encouraging its Associates, Customers, and communities to make a deposit of a different kind. All WSFS banking offices across the Greater Delaware Valley will be designated as convenient community food deposit centers as part of the Bank’s annual fall food drive to provide meals to hungry children, adults and families.

Photo Release -- WSFS Bank Accepting Donations for Fall Food Drive at All Locations

WILMINGTON, Del., Sept.  24, 2019  (GLOBE NEWSWIRE) -- WSFS Bank’s  “Icons” video  has earned two major awards from the American Bankers Association (ABA).  “Icons” was the winner in the category of banks with more than $5 billion in assets, which includes more than 230 banks across the country and among the largest financial institutions.  The video also scored highest from the nearly 400 entries by banks of all sizes to win the “Best in Show” award, the highest recognition presented by the ABA and the organization’s fourth annual ABA Bank Marketing Video Awards. “Icons” is one of several multimedia creative pieces WSFS has rolled out in recent months as part of a marketing campaign that coincided with the Bank’s expansion into the City of Philadelphia, and suburbs in southeastern Pennsylvania and southern New Jersey.

Photo Release -- WSFS Bank’s ‘Icons’ Video is Named ‘Best in Show’ by the American Bankers Association

WILMINGTON, Del., Sept.  09, 2019  (GLOBE NEWSWIRE) -- WSFS Financial Corporation (Nasdaq: WSFS) (“the Company”), the parent company of WSFS Bank, has named Elizabeth L. Wager as Vice President and Manager of Investor Relations.  In this newly created role, Ms. Wager will be responsible for managing communications with WSFS Owners and investors, as WSFS is now a mid-cap stock exceeding $2 billion in market capitalization.  Ms. Wager and the Investor Relations function will remain under the division of Finance at WSFS, and she will report to Aaron Klein, Senior Vice President of Business Performance and Analysis (BP&A), with collaboration across the entire organization.

Photo Release -- WSFS Bank Selects Elizabeth L. Wager to Lead Investor Relations in Newly Created Role

WSFS Senior Vice President Ronald “Ron” Samuels named Director of Capital Markets; Edward “Ed” Caywood is promoted to Senior Vice President and Treasurer WSFS Senior Vice President Ronald “Ron” Samuels named Director of Capital Markets; Edward “Ed” Caywood is promoted to Senior Vice President and Treasurer

Photo Release -- WSFS Bank Announces the Formation of a Capital Markets Group

WILMINGTON, Del., Sept.  03, 2019  (GLOBE NEWSWIRE) -- Long-time Main Line resident and accomplished mortgage banking executive Patrick J. Keenan is the new Senior Vice President and Director of Mortgage Sales at WSFS Mortgage, a division of WSFS Bank.  WSFS Mortgage is a leading mortgage lender providing a wide range of customizable mortgage programs.  In this role, Mr. Keenan will oversee a growing team of WSFS Mortgage Loan Officers who offer Customers expert knowledge on  WSFS’ mortgage lending solutions .  He will report to Jeffrey M. Ruben, President of WSFS Mortgage.

Photo Release -- Patrick J. Keenan to Lead WSFS Bank Mortgage Sales as Senior Vice President

WILMINGTON, Del., Aug.  26, 2019  (GLOBE NEWSWIRE) -- WSFS Financial Corporation (NASDAQ: WSFS) (“WSFS”) has completed the systems integration and rebranding of Beneficial Bank into its primary subsidiary, WSFS Bank.

WSFS Financial Completes Integration and Rebranding of Beneficial Bank into WSFS Bank

As deputy to Executive Vice President and Chief Technology Officer Lisa M. Brubaker, Ms. Ciber will help lead WSFS Bank’s execution of a five-year, multimillion-dollar technology investment. As deputy to Executive Vice President and Chief Technology Officer Lisa M. Brubaker, Ms. Ciber will help lead WSFS Bank’s execution of a five-year, multimillion-dollar technology investment.

Photo Release -- WSFS Bank Welcomes Corynn Ciber in Newly Created Role, Chief Digital Officer

WSFS Financial Corporation (WSFS) CEO Rodger Levenson on Q2 2019 Results - Earnings Call Transcript

News for WSFS Financial Stock (WSFS)