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 2022

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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 (WSFS) possesses 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) Expected to Beat Earnings Estimates: Should You Buy?

WILMINGTON, Del., April 13, 2022 (GLOBE NEWSWIRE) -- WSFS Financial Corporation (Nasdaq: WSFS), the parent company of WSFS Bank, expects to report its first quarter earnings at the end of business April 21, 2022. Management will conduct a conference call to review this information at 1:00 p.m. Eastern Daylight Time (EDT) on April 22, 2022.

WSFS Financial Corporation Announces First Quarter 2022 Earnings Release Date and Conference Call

WILMINGTON, Del., April 05, 2022 (GLOBE NEWSWIRE) -- WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), today announced Shilpa Kumar as Senior Vice President, Head of Corporate Finance, reporting to Dominic C. Canuso, CFA, Executive Vice President and Chief Financial Officer. In her new role, Kumar will lead consolidated business planning and analysis, investor relations, business unit profitability, investment decisioning, and the financial aspects of corporate development.

Shilpa Kumar Joins WSFS as Senior Vice President, Head of Corporate Finance

WILMINGTON, Del., April 04, 2022 (GLOBE NEWSWIRE) -- WSFS Financial Corporation (NASDAQ: WSFS) (“WSFS”) today announced it has completed the merger of Christiana Trust Company of Delaware and The Bryn Mawr Trust Company of Delaware, effective April 1, 2022.

Photo Release -- WSFS Announces Combination of Christiana Trust Company of Delaware and The Bryn Mawr Trust Company of Delaware Wealth Management Franchises

WILMINGTON, Del., April 01, 2022 (GLOBE NEWSWIRE) -- WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), is pleased to announce that for the sixth time it has received The Gallup Exceptional Workplace Award , which recognizes companies with the most engaged workplace cultures.

WSFS Bank Receives the 2022 Gallup Exceptional Workplace Award

WILMINGTON, Del., March 29, 2022 (GLOBE NEWSWIRE) -- WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), today announced that Liam Brickley has been named Senior Vice President, Chief Credit Officer, reporting to Christine E. Davis, Executive Vice President, Chief Risk Officer (CRO). In his role, Brickley will be responsible for the oversight and administration of the Bank's commercial, consumer and other credit exposures, loan policies and procedures.

WSFS Bank Announces Liam Brickley as Senior Vice President, Chief Credit Officer

In the next phase of succession planning, Mark A. Turner steps aside from WSFS Board after 15 years of dedicated board service In the next phase of succession planning, Mark A. Turner steps aside from WSFS Board after 15 years of dedicated board service

WSFS Financial Corporation to Hold 2022 Annual Meeting Virtually on May 11

WILMINGTON, Del., March 22, 2022 (GLOBE NEWSWIRE) -- WSFS Financial Corporation (NASDAQ: WSFS) (“WSFS”) has completed the brand conversion and systems integration of Bryn Mawr Trust into its primary subsidiary, WSFS Bank.

Photo Release -- WSFS Completes Conversion of Bryn Mawr Trust into WSFS Bank; Launches Bryn Mawr Trust as the Prominent Wealth Management Brand

WILMINGTON, Del., March 14, 2022 (GLOBE NEWSWIRE) -- WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), is pleased to announce that the following 12 Associates from across the organization have been elevated to Senior Vice President (SVP) positions:

WSFS Bank Names Twelve Associates to Senior Leadership

Homebuyers seeking full transparency on up-front costs and pre-approvals from their lender to competitively bid on homes Homebuyers seeking full transparency on up-front costs and pre-approvals from their lender to competitively bid on homes

Photo Release -- Inflation, Rising Costs for Home Purchases and Rentals Making It Harder for People to Afford Where They Want to Live, WSFS Mortgage Survey Finds

WILMINGTON, Del., Feb. 22, 2022 (GLOBE NEWSWIRE) -- WSFS Financial Corporation (Nasdaq: WSFS), the parent company of Bryn Mawr Trust Wealth Management, today announced Stephanie Saint-Cyr as its Senior Vice President, Director of Wealth Advisory Services in Princeton, N.J., reporting to Jennifer Dempsey Fox, CFP®, President of Bryn Mawr Trust Wealth Management. Saint-Cyr will be the Wealth Advisor partnering closely with Brian Taylor, Wealth Director, for Clients of the Princeton office. She will also lead all wealth advisors across the Bryn Mawr Trust Wealth Management footprint.

Stephanie Saint-Cyr Joins Bryn Mawr Trust Wealth Management as Senior Vice President, Director of Wealth Advisory Services in Princeton, New Jersey

WILMINGTON, Del., Feb. 09, 2022 (GLOBE NEWSWIRE) -- WSFS Financial Corporation (Nasdaq: WSFS), the parent company of WSFS Bank, will participate at the 2022 KBW Winter Financial Services Symposium on February 17, 2022 in Boca Raton, Florida. Rodger Levenson, WSFS' Chairman, President and Chief Executive Officer, and Dominic C. Canuso, Executive Vice President and Chief Financial Officer, will host discussions with investors.

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

Serial acquirer that has built up scale in the Philadelphia/Delaware/South NJ tri-state market.

WSFS Financial: Regional Leader In Tri-State Market

WILMINGTON, Del., Jan. 26, 2022 (GLOBE NEWSWIRE) -- The WSFS CARES Foundation, the charitable giving arm of WSFS Bank (Nasdaq: WSFS), announced it provided grants and donations totaling $2,062,466.67 to 349 organizations located across Delaware, New Jersey and Pennsylvania in 2021.

WSFS CARES Foundation Granted More Than $2 Million in Charitable Contributions in 2021

WSFS Financial Corporation's (WSFS) CEO Rodger Levenson on Q4 2021 Results - Earnings Call Transcript

WSFS (WSFS) delivered earnings and revenue surprises of 38.67% and 5.75%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

WSFS Financial (WSFS) Q4 Earnings Surpass Estimates

WILMINGTON, Del., Jan. 24, 2022 (GLOBE NEWSWIRE) -- WSFS Financial Corporation (Nasdaq: WSFS), the parent company of WSFS Bank, today announced its financial results for the fourth quarter of 2021.

WSFS Reports 4Q 2021 EPS of $1.18 and ROA of 1.45%; Full-Year Record Earnings of $271.4 Million and ROA of 1.82%; Successfully Closed Acquisition of Bryn Mawr Trust on January 1

WILMINGTON, Del., Jan. 20, 2022 (GLOBE NEWSWIRE) -- WSFS Institutional Services®, a division of WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), climbed in the ranking from sixth to the fourth-most appointed trustee for U.S. Asset and Mortgage-Backed Securities in 2021, according to Asset-Backed Alert's ABS Database. The data showed that WSFS Institutional Services increased its market share to 10.3 percent from 6.3 percent, a 64% increase in market share percentage.

WSFS Institutional Services Continues to Grow in the Securitization Industry

WSFS Financial (WSFS) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Is a Surprise Coming for WSFS Financial (WSFS) This Earnings Season?

WSFS Financial (WSFS) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

WILMINGTON, Del., Jan. 13, 2022 (GLOBE NEWSWIRE) -- WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), is pleased to announce the promotion of three Associates from across the organization.

WSFS Bank Promotes Three Associates to Senior Positions

WILMINGTON, Del., Jan. 11, 2022 (GLOBE NEWSWIRE) -- WSFS Financial Corporation (Nasdaq: WSFS), the parent company of Bryn Mawr Trust Wealth Management, today announced Brian J. Taylor, CTFA as its Senior Vice President, Wealth Director in Princeton, N.J., reporting to Jennifer Dempsey Fox, CFP®, President of Bryn Mawr Trust Wealth Management. Taylor will lead the Princeton team and be responsible for new business, community visibility, and brand development in the market.

Brian J. Taylor joins Bryn Mawr Trust Wealth Management as Senior Vice President, Wealth Director in Princeton, New Jersey

WILMINGTON, Del., Jan. 10, 2022 (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 24, 2022. Management will conduct a conference call to review this information at 1:00 p.m. Eastern Time (ET) on Tuesday, January 25, 2022. Interested parties may register in advance of the call here or on our Investor Relations website (www.investors.wsfsbank.com).

WSFS Financial Corporation Announces Fourth Quarter 2021 Earnings Release Date and Conference Call

WILMINGTON, Del., Jan. 06, 2022 (GLOBE NEWSWIRE) -- WSFS Financial Corporation (Nasdaq: WSFS), the parent company of WSFS Bank, announced today that it finalized a settlement to resolve litigation against the counterparty to the 2010 stock purchase agreement by which WSFS purchased Christiana Bank & Trust Company (Christiana Trust). WSFS will receive $15 million under the settlement and anticipates a positive earnings per diluted common shares (EPS) impact of approximately $0.23 per share (after-tax) during the fourth quarter of 2021.

WSFS Reaches Litigation Settlement and Recovery of $15 Million, or $0.23 EPS

WILMINGTON, Del., Jan. 03, 2022 (GLOBE NEWSWIRE) -- WSFS Financial Corporation (Nasdaq: WSFS), the parent company of WSFS Bank, completed the acquisition of the Bryn Mawr Bank Corporation (Nasdaq: BMTC) (“Bryn Mawr”), and its primary subsidiary, The Bryn Mawr Trust Company (“Bryn Mawr Trust”), as of January 1, 2022. In addition, in accordance with the merger agreement between WSFS and Bryn Mawr, Frank J. Leto, Lynn B. McKee, and Diego F. Calderin are joining the Board of Directors of WSFS and WSFS Bank. With the acquisition finalized, WSFS strengthens its position as the premier, locally headquartered bank and wealth management franchise in the Greater Philadelphia and Delaware region with approximately $20 billion in assets, and approximately $49 billion in assets under administration and management.

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