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, today announced its financial results for the first quarter of 2023. Selected financial results and metrics are as follows: (Dollars in millions, except per share data)     1Q 2023       4Q 2022       1Q 2022   Net interest income   $ 182.5     $ 193.9     $ 138.6   Fee revenue     63.1       64.9       60.6   Total net revenue     245.7       258.8       199.1   Provision for credit l.

WSFS Reports 1Q 2023 EPS of $1.01 and ROA of 1.27%; Reflects the Strength and Resiliency of Our Diversified Businesses; Liquidity and Capital Continue at Strong Levels

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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, April 24, 2023. Management will conduct a conference call to review this information at 1:00 p.m. Eastern Time (ET) on Tuesday, April 25, 2023. Interested parties can register in advance here or access the conference call live at investors.wsfsbank.com.

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

WILMINGTON, Del.--(BUSINESS WIRE)--WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), announced that it received The Gallup Exceptional Workplace Award.

WSFS Bank Receives the Gallup Exceptional Workplace Award for Seventh Time

WILMINGTON, Del.--(BUSINESS WIRE)--A new survey from WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), found Americans are confident managing their money.

WSFS Bank Study Finds Americans Are Confident Managing Their Money, But Inflation, Rising Costs and Fears of an Economic Downturn Are Impacting Financial Security

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

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

WILMINGTON, Del.--(BUSINESS WIRE)--WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), announced 13 Associates have been appointed Senior Vice President.

WSFS Names 13 Associates to Senior Leadership Positions

WILMINGTON, Del.--(BUSINESS WIRE)--WSFS Financial Corporation (Nasdaq: WSFS), the parent company of WSFS Bank, will participate at the 2023 KBW Winter Financial Services Conference on February 16, 2023 in Boca Raton, Florida. Rodger Levenson, WSFS' Chairman, President and Chief Executive Officer, Dominic C. Canuso, Executive Vice President and Chief Financial Officer, and Jennifer W. Davis, Lead Independent Director of WSFS Financial Corporation's Board, will host discussions with investors.

WSFS Management to Hold Meetings with Investors at the 2023 KBW Winter Financial Services Conference

WILMINGTON, Del.--(BUSINESS WIRE)--WSFS Financial Corporation (NASDAQ: WSFS) (“WSFS”) today announced the final network optimization plan associated with its combination with Bryn Mawr Trust, identifying the final four banking locations to be consolidated later this year.

WSFS Announces Remaining Branch Network Decisions Resulting from its Combination with Bryn Mawr Trust

WSFS Announces Brionna Denby as Senior Vice President, General Counsel and Michael Dzielak as Senior Vice President, Director of Financial Crimes

WILMINGTON, Del.--( BUSINESS WIRE )--The WSFS CARES Foundation, the charitable giving arm of WSFS Bank (Nasdaq: WSFS), announced it provided grants and donations totaling more than $2.4 million to community organizations located across Delaware, New Jersey and Pennsylvania in 2022.

WSFS CARES Foundation Provided More Than $2.4 Million in Charitable Grants and Contributions in 2022

WSFS Financial Corp (NASDAQ:WSFS ) Q4 2022 Earnings Conference Call January 27, 2023 1:00 PM ET Company Participants Dominic Canuso - EVP & CFO Rodger Levenson - Chairman, President & CEO Stephen Clark - Chief Commercial Banking Officer & EVP Conference Call Participants Frank Schiraldi - Piper Sandler & Co. Feddie Strickland - Janney Montgomery Scott Michael Perito - KBW Manuel Navas - D.A. Davidson & Co. Operator Welcome to the WSFS Financial Corporation Fourth Quarter 2022 Earnings Call.

WSFS Financial Corp (WSFS) Q4 2022 Earnings Call Transcript

WSFS (WSFS) delivered earnings and revenue surprises of 0.73% and 1.90%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

WSFS Financial (WSFS) Beats Q4 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 fourth quarter of 2022.

WSFS Reports 4Q 2022 EPS of $1.37 and ROA of 1.69%; Results Reflect NIM of 4.49%, Loan Growth, and Diversified Fee Revenue; Successful First Full-Year of Bryn Mawr Trust Combination

WILMINGTON, Del.--( BUSINESS WIRE )--WSFS Financial Corporation (Nasdaq: WSFS), the parent company of Bryn Mawr Trust, today announced Andrea Lawrence has been named Senior Vice President, Senior Wealth Advisor in Berwyn, Pa., reporting to James A. Hutchinson, Senior Vice President, Wealth Director. Lawrence will provide comprehensive wealth advisory services to Clients and work collaboratively with all divisions of the Bank to achieve Clients' goals and objectives.

Bryn Mawr Trust Announces Andrea Lawrence as Senior Vice President, Senior Wealth Advisor

WILMINGTON, Del.--( BUSINESS WIRE )--WSFS Financial Corporation (Nasdaq: WSFS), the parent company of WSFS Bank, expects to report its fourth quarter and full-year earnings at the end of business Thursday, January 26, 2023. Management will conduct a conference call to review this information at 1:00 p.m. Eastern Time (ET) on Friday, January 27, 2023.

WSFS Financial Corporation Announces Fourth Quarter and Full-Year 2022 Earnings Release Date and Conference Call

WILMINGTON, Del.--( BUSINESS WIRE )--WSFS Financial Corporation (NASDAQ: WSFS) (“WSFS”) has completed the merger and brand conversion of Cypress Capital Management and West Capital Management and has renamed the combined entity Bryn Mawr Capital Management, LLC, effective January 1, 2023. Bryn Mawr Capital Management is registered as an investment advisor with the U.S. Securities and Exchange Commission and is a wholly owned subsidiary of WSFS.

WSFS Completes Merger and Brand Conversion of Cypress Capital Management and West Capital Management into Bryn Mawr Capital Management

WILMINGTON, Del., Dec. 19, 2022 (GLOBE NEWSWIRE) -- WSFS Financial Corporation (NASDAQ: WSFS), the parent company of WSFS Bank, today announces that on February 15, 2023, it will call the $30 million of fixed-to-floating rate subordinated notes due 2025 (the 2025 Notes) acquired from Bryn Mawr Trust. The 2025 Notes will be repaid using operating cash flows of the Company.

WSFS Announces First Quarter Call of $30 Million Legacy Bryn Mawr Trust Subordinated Debt

WILMINGTON, Del., Dec. 12, 2022 (GLOBE NEWSWIRE) -- The WSFS CARES Foundation, the charitable giving arm of WSFS Bank (Nasdaq: WSFS), announced it has provided grants to two community organizations located in Delaware and New Jersey as part of its continuing series of philanthropic activities by WSFS and the Foundation. The grants, approved in the fourth quarter by the WSFS CARES Foundation board, will support the following organizations:

WSFS CARES Foundation Provides Fourth Quarter Grants to Community Organizations in Delaware and New Jersey

WILMINGTON, Del., Dec. 08, 2022 (GLOBE NEWSWIRE) -- WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), is pleased to announce it has been ranked first among U.S. Small Business Administration (SBA) lenders in the Greater Philadelphia and Delaware region based on the amount of local SBA 7(a) loans.

WSFS Bank Ranked #1 Among SBA Lenders in Greater Philadelphia and Delaware Based on the Amount of Local SBA 7(a) Loans

Seven in 10 feel they are well positioned to borrow, with equipment financing being their top need.

Small Businesses Feeling the Impacts of the Economy and Inflation, But Are Still Optimistic About Future Revenue, New WSFS Bank Study Finds

WILMINGTON, Del., Nov. 15, 2022 (GLOBE NEWSWIRE) -- WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), is pleased to announce that Steven J. Cunningham has been named Senior Vice President, Director of Small Business Administration (SBA) Sales, reporting to Candice Caruso, Senior Vice President, Chief Retail Lending Officer.

WSFS Names Steven J. Cunningham, Senior Vice President, Director of SBA Sales

WILMINGTON, Del., Nov. 02, 2022 (GLOBE NEWSWIRE) -- WSFS Financial Corporation (Nasdaq: WSFS), the parent company of WSFS Bank, will hold meetings with analysts and investors during Piper Sandler's East Coast Financial Services Conference and at the Mid-Atlantic Bank Summit hosted by D.A. Davidson.

WSFS Financial Corporation to Participate in Piper Sandler's East Coast Financial Services Conference and D.A. Davidson's Mid-Atlantic Bank Summit

WILMINGTON, Del., Nov. 01, 2022 (GLOBE NEWSWIRE) -- WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), is pleased to announce that Michael A.H. Griffe, CPA, has been named Senior Vice President, Controller, reporting to Charles K. Mosher, Senior Vice President, Chief Accounting Officer.

WSFS Names Michael A.H. Griffe, CPA, Senior Vice President, Controller

WSFS Financial Corporation (NASDAQ:WSFS ) Q3 2022 Earnings Conference Call October 25, 2022 1:00 PM ET Company Participants Dominic Canuso - CFO Art Bacci - Chief Wealth Officer Rick Wright - Chief Retail Banking Officer Conference Call Participants Frank Schiraldi - Piper Sandler Manuel Navas - D.A. Davidson Operator Good day and thank you for standing by.

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