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

Earnings data Q2 2021

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Earnings data Q1 2022

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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

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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WSFS Financial Corporation (NASDAQ:WSFS ) Q3 2023 Results Earnings Conference Call October 24, 2023 1:00 PM ET Company Participants Arthur Bacci - Executive Vice President, Chief Wealth Officer and Interim Chief Financial Officer Rodger Levenson - Chairman, President and Chief Executive Officer Stephen Clark - Executive Vice President and Chief Commercial Banking Officer Conference Call Participants Frank Schiraldi - Piper Sandler Russell Gunther - Stephens, Inc. Feddie Strickland - Janney Montgomery Scott Manuel Navas - D.A. Davidson & Co. Operator Hello and thank you for standing by.

WSFS Financial Corporation (WSFS) Q3 2023 Earnings Call Transcript

WSFS Financial (WSFS) came out with quarterly earnings of $1.23 per share, beating the Zacks Consensus Estimate of $1.06 per share. This compares to earnings of $1.23 per share a year ago.

WSFS Financial (WSFS) Beats Q3 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 third quarter of 2023. Selected financial results and metrics are as follows: (Dollars in millions, except per share data)     3Q 2023       2Q 2023       3Q 2022   Net interest income   $ 182.6     $ 181.8     $ 176.8   Fee revenue     72.7       66.9       62.7   Total net revenue     255.3       248.7       239.5   Provision for credit l.

WSFS Reports 3Q 2023 EPS of $1.22 and ROA of 1.45%; Solid Loan Growth, NIM of 4.08%, and Fee Revenue Increase of 9%; Continued Strong Liquidity and Capital Levels

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. WSFS officially kicked off the Food Drive today at WSFS Ba.

WSFS Bank Joins Forces with Sharing Excess and Sunday Breakfast Mission to Battle Food Insecurity Across the Region

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 Monday, October 23, 2023. Management will conduct a conference call to review this information at 1:00 p.m. Eastern Time (ET) on Tuesday, October 24, 2023. Interested parties can register in advance here or access the conference call live at investors.wsfsbank.com. Earnings release and supplemental materials will be av.

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

WILMINGTON, Del.--(BUSINESS WIRE)--WSFS Financial Corporation (NASDAQ: WSFS) (“WSFS” or “the Company”) today announced its Global Capital Markets team's expansion into the Collateralized Loan Obligations (CLO) market. To support this expansion, the Company is adding new team members with expertise in CLOs. "We are excited to expand into the CLO market and welcome our new Associates as we broaden our services and capabilities with competitive products for our Clients," said Patrick Healy, Senior.

WSFS Financial Corporation Expands into Collateralized Loan Obligations Market, Adds New Team Members

WILMINGTON, Del.--(BUSINESS WIRE)--WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), is pleased to announce the hires of Alyson Beasley Bradley as Senior Vice President, Chief Auditor; Jeffrey Goodman as Senior Vice President, General Counsel; and Frank McGrane as Senior Vice President, Deputy Chief Credit Officer. In her new role, Beasley Bradley will report to Christine Davis, Executive Vice President, Chief Risk Officer. She will lead the Internal Audit Departme.

WSFS Announces Alyson Beasley Bradley as Senior Vice President, Chief Auditor; Jeffrey Goodman as Senior Vice President, General Counsel; and Frank McGrane as Senior Vice President, Deputy Chief Credit Officer

WILMINGTON, Del.--(BUSINESS WIRE)--WSFS Financial Corporation (Nasdaq: WSFS), the parent company of Bryn Mawr Trust, today announced Jamie P. Hopkins has been named Senior Vice President, Director of Private Wealth Management effective October 1, 2023. In his role, Hopkins will lead, enhance and grow Bryn Mawr Trust's private wealth management business. A highly regarded executive in the financial services industry, Hopkins brings to Bryn Mawr Trust his extensive wealth management experience, i.

Bryn Mawr Trust Appoints Jamie Hopkins as Director of Private Wealth Management

WILMINGTON, Del.--(BUSINESS WIRE)--The WSFS CARES Foundation, the charitable giving arm of WSFS Bank (Nasdaq: WSFS), announced it has provided grants to four organizations.

WSFS CARES Foundation Provides Third Quarter Grants to Organizations in Delaware and Pennsylvania

WILMINGTON, Del.--(BUSINESS WIRE)--WSFS Financial Corporation (Nasdaq: WSFS), the parent company of WSFS Bank, will participate at the 2023 Stephens Bank Forum on September 20, 2023, in Little Rock, Arkansas. Rodger Levenson, WSFS' Chairman, President and Chief Executive Officer, and Arthur J. Bacci, Executive Vice President, Chief Wealth Officer and Interim Chief Financial Officer will host discussions with investors. Presentation Materials: WSFS will present its current Investor Presentation,.

WSFS Management to Meet with Investors at the 2023 Stephens Bank Forum

NEW YORK--(BUSINESS WIRE)-- #KBRA--On August 9, 2023, KBRA affirmed the senior unsecured debt rating of A-, the subordinated debt rating of BBB+, and the short-term debt rating of K2 for Wilmington, Delaware based WSFS Financial Corporation (NASDAQ: WSFS)(“the company”). In addition, KBRA affirmed the deposit and senior unsecured debt ratings of A, the subordinated debt rating of A-, and the short-term deposit and debt ratings of K1 for its subsidiary, Wilmington Savings Fund Society, FSB. The Outlook.

KBRA Releases Surveillance Report for WSFS Financial Corporation

WSFS is a leading regional bank with a reputation for quality. The market is still sorting out the firm's 2021 acquisition of Bryn Mawr Trust as it pertains to growth expectations. Target: $39 per share.

WSFS Financial Corporation: Regional Bank With Reputation For Quality

WILMINGTON, Del.--(BUSINESS WIRE)--WSFS Financial Corporation (NASDAQ: WSFS), today announced Arthur J. Bacci, Executive Vice President and Chief Wealth Officer of WSFS Financial Corporation, will also serve as Interim Chief Financial Officer (CFO) of WSFS. Bacci replaces Dominic C. Canuso, WSFS' former Chief Financial Officer, whose employment with WSFS will end on August 31, 2023. Prior to joining WSFS in 2018, Bacci successfully led multiple business segments with the Principal Financial Gro.

WSFS Announces Arthur J. Bacci as Interim Chief Financial Officer

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 by KBRA, Reflecting Strong Earnings, Liquidity, and Capital

WILMINGTON, Del.--(BUSINESS WIRE)--Bryn Mawr Capital Management, a subsidiary of WSFS Financial Corporation (NASDAQ: WSFS), today announced its expansion into southern Delaware and the establishment of a new presence in Boca Raton, Florida, after closing on an asset purchase agreement with a woman-founded, owned and managed registered investment advisory firm based in Rehoboth Beach, Delaware. With this purchase, Bryn Mawr Capital Management welcomes six new Associates with a deep expertise and.

WSFS Announces Market Expansion for Bryn Mawr Capital Management

WSFS Financial Corporation (NASDAQ:WSFS ) Q2 2023 Earnings Conference Call July 25, 2023 1:00 PM ET Company Participants Dominic Canuso - CFO Rodger Levenson - Chairman, President & CEO Art Bacci - Chief Wealth Officer Steve Clark - Chief Commercial Banking Officer Shari Kruzinski - Chief Consumer Banking Officer Conference Call Participants Frank Schiraldi - Piper Sandler Michael Perito - KBW Feddie Strickland - Janney Montgomery Scott Manuel Navas - D.A. Davidson Russell Gunther - Stephens Operator Ladies and gentlemen, thank you for standing by.

WSFS Financial Corporation (WSFS) Q2 2023 Earnings Call Transcript

Although the revenue and EPS for WSFS (WSFS) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

WSFS (WSFS) Reports Q2 Earnings: What Key Metrics Have to Say

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 2023. Selected financial results and metrics are as follows: (Dollars in millions, except per share data)   2Q 2023   1Q 2023   2Q 2022 Net interest income   $ 181.8     $ 182.5     $ 153.6   Fee revenue     66.9       63.1       72.0   Total net revenue     248.7       245.7       225.6   Provision for credit losses     1.

WSFS Reports 2Q 2023 EPS of $1.12 and ROA of 1.36%; Results Reflect Solid Loan and Deposit Growth, NIM of 4.11%; Diversified Fee Revenue Increase of 6% From 1Q 2023

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.

WSFS Financial (WSFS) Reports Next Week: Wall Street Expects Earnings Growth

WILMINGTON, Del.--(BUSINESS WIRE)--WSFS Financial Corporation (Nasdaq: WSFS), the parent company of WSFS Bank, expects to report its first quarter earnings at the end of business Monday, July 24, 2023. Management will conduct a conference call to review this information at 1:00 p.m. Eastern Time (ET) on Tuesday, July 25, 2023. Interested parties can register in advance here or access the conference call live at investors.wsfsbank.com. Earnings release and supplemental materials will be availabl.

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

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.

WSFS CARES Foundation Provides Second Quarter Grants to Organizations in Delaware and Pennsylvania

WILMINGTON, Del.--(BUSINESS WIRE)--WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), and the Philadelphia Union today announced the launch of a co-branded debit card. As the official bank and community supporter of the Philadelphia Union and Subaru Park, WSFS is offering a one-of-a-kind design that features the Philadelphia Union logo and colors to showcase fan support for their hometown team. The card is available to new and existing WSFS Bank Customers via online.

WSFS Bank and Philadelphia Union Launch Co-Branded Debit Card

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WSFS Financial Corp. (WSFS) Q1 2023 Earnings Call Transcript.

WSFS Financial Corp. (WSFS) Q1 2023 Earnings Call Transcript

WSFS Financial (WSFS) came out with quarterly earnings of $1.02 per share, missing the Zacks Consensus Estimate of $1.30 per share. This compares to earnings of $0.66 per share a year ago.

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