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.

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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., Nov. 16, 2020 (GLOBE NEWSWIRE) -- WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), is pleased to announce the promotion of four Associates from business lines across the organization and its subsidiaries to Senior Vice President (SVP).

WSFS Bank Promotes Four Associates to Senior Vice President Positions

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4 Top Stocks from the Prospering Savings & Loan Industry

WSFS Financial Corp (WSFS) is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.

Moving Average Crossover Alert: WSFS Financial Corp (WSFS)

WILMINGTON, Del., Nov. 10, 2020 (GLOBE NEWSWIRE) -- WSFS Financial Corporation (Nasdaq: WSFS), the parent company of WSFS Bank, will participate in the virtual D.A. Davidson Mid-Atlantic/Midwest Bank Conference, November 17, 2020. 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 one-on-one meetings with analysts and investors.

WSFS Management to Hold Meetings with Analysts and Investors at the D.A. Davidson Mid-Atlantic/Midwest Bank Conference

Minority-owned businesses more confident than others to navigate through pandemic Minority-owned businesses more confident than others to navigate through pandemic

Despite Pandemic, Businesses Feel Ready to Face Challenges to Drive Growth, Lean on Modifications to Operations to Get There

WILMINGTON, Del., Nov. 04, 2020 (GLOBE NEWSWIRE) -- WSFS Financial Corporation (Nasdaq: WSFS), the parent company of WSFS Bank, will participate in the virtual Piper Sandler East Coast Financial Services Conference, November 9, 2020. 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 one-on-one meetings with analysts and investors.

WSFS Management to Hold Meetings with Analysts and Investors at the Piper Sandler East Coast Financial Services Conference

WILMINGTON, Del., Nov. 02, 2020 (GLOBE NEWSWIRE) -- As the holiday season approaches, WSFS Bank is encouraging its Associates, Customers and Communities to search their hearts, and their pantries, to donate nonperishable food items to provide meals to the food-insecure. WSFS banking locations in the state of Delaware; Philadelphia, Bucks, Chester and Montgomery counties in Pennsylvania; and Camden and Burlington counties in New Jersey will be designated as convenient Community food deposit centers as part of the Bank's annual Fall/Winter Food Drive.

WSFS Bank Accepting Nonperishable Food Donations at Banking Locations for Fall Food Drive

WILMINGTON, Del., Oct. 29, 2020 (GLOBE NEWSWIRE) -- WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), today announced the expansion of its Commercial Banking team in the Greater Philadelphia area as part of its strategic plan to invest in talent and build long term value. The team joining WSFS Bank is Kevin J. Beaford, Jr., Patrick Fisher, Graham R. Palusky, and Brian Quach. Fisher will lead the group, which brings more than 40 years of combined experience to WSFS. He will report directly to Steve Clark, Executive Vice President, Chief Commercial Banking Officer.

WSFS Bank Adds Experienced Commercial Banking Team in Philadelphia

WSFS Financial Corporation's (WSFS) CEO Rodger Levenson on Q3 2020 Results - Earnings Call Transcript

WSFS (WSFS) delivered earnings and revenue surprises of 26.58% and 5.43%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

WSFS Financial (WSFS) Tops Q3 Earnings and Revenue Estimates

Shares of WSFS Financial (NASDAQ:WSFS) were flat in after-market trading after the company reported Q3 results. Quarterly Results Earnings per share were up 2.04% year over year to $1.00, which beat the estimate of $0.72.

Recap: WSFS Financial Q3 Earnings

FOR ADDITIONAL FINANCIAL INFORMATION AND OUTLOOK, PLEASE REFER TO THE 3Q 2020 EARNINGS RELEASE SUPPLEMENT AVAILABLE IN THE INVESTOR RELATIONS SECTION OF WSFS' WEBSITE (www.wsfsbank.com ).

WSFS Reports 3Q 2020 EPS of $1.01 and ROA of 1.49%; Solid Operating Performance Reflects Diversified Business Model; Strong Capital and ACL Levels; Share Repurchases to Resume in 4Q 2020

WILMINGTON, Del., Oct. 08, 2020 (GLOBE NEWSWIRE) -- WSFS Financial Corporation (Nasdaq: WSFS), the parent company of WSFS Bank, expects to report its third quarter earnings at the end of business Thursday, October 22, 2020. Management will conduct a conference call to review this information at 1:00 p.m. Eastern Daylight Time (EDT) on Friday, October 23, 2020. Interested parties may listen to this call by dialing 1-877-312-5857 and using conference ID #2765028.

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

Regional study shows wide differences between men and women and younger and older investors when it comes to their investing knowledge and confidence. Regional study shows wide differences between men and women and younger and older investors when it comes to their investing knowledge and confidence.

WSFS Wealth Study Finds Area Residents are Cautious but Confident in Their Investments Despite the Pandemic

WILMINGTON, Del., Sept.  17, 2020  (GLOBE NEWSWIRE) -- Today, WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), announced a $35,500 pledge from the Bank and the WSFS Community Foundation to provide laptops, tablets and internet devices for students from low-to-moderate income families throughout the Bank’s footprint.

WSFS Bank and WSFS Community Foundation Pledge $35,500 to Provide Hundreds of Technology Devices to Area Students for Online Learning

WILMINGTON, Del., Sept.  15, 2020  (GLOBE NEWSWIRE) -- WSFS Financial Corporation (Nasdaq: WSFS), the parent company of WSFS Bank, will participate in the virtual Stephens Bank Forum, September 23 and 24, 2020. 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 one-on-one meetings with analysts and investors.

WSFS Management to Hold Meetings with Analysts and Investors at Stephens Bank’s Virtual Forum

WILMINGTON, Del., Sept.  10, 2020  (GLOBE NEWSWIRE) -- Scott H. Kintzing has joined WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), as Senior Vice President, Senior Relationship Manager for Commercial Banking. Reporting to Gary Farnesi, Senior Vice President, Director of Commercial Lending, Kintzing’s primary focus is to develop and service commercial lending Customers in the Southern New Jersey market.

Photo Release -- Scott Kintzing joins WSFS Bank as Senior Vice President, Senior Relationship Manager for Commercial Banking in New Jersey

Peggy H. Eddens retains role of Executive Vice President, Chief Customer Officer Peggy H. Eddens retains role of Executive Vice President, Chief Customer Officer

Photo Release -- Michael L. Conklin joins WSFS as Executive Vice President, Chief Human Resources Officer

WILMINGTON, Del., Aug.  10, 2020  (GLOBE NEWSWIRE) -- Kroll Bond Rating Agency (KBRA) has reaffirmed the senior 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 main subsidiary, received strong credit ratings as well, including A ratings for senior unsecured debt and deposit, a subordinated debt rating of A-, and the short-term debt and deposit ratings of K1. KBRA’s debt ratings for WSFS can be accessed here:  https://documents.krollbondratings.com/press-release/27220/kbra-affirms-ratings-for-wsfs-financial-corporation .

WSFS Financial Corporation’s A- Senior Debt Rating Reaffirmed by KBRA

WILMINGTON, Del., Aug.  06, 2020  (GLOBE NEWSWIRE) -- Salvatore J. Patti has joined WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), as Senior Vice President, Director of Commercial Banking and Wealth Client Management – Greater Philadelphia. Reporting to WSFS’ Executive Vice President, Chief Commercial Banking Officer, Stephen P. Clark, Patti’s primary focus is to strengthen the WSFS brand in the region and drive market share for the Commercial and Wealth divisions.

Photo Release -- Salvatore Patti joins WSFS Bank as Senior Vice President, Director of Commercial Banking and Wealth Client Management – Greater Philadelphia

WILMINGTON, Del., July  30, 2020  (GLOBE NEWSWIRE) -- WSFS Financial Corporation (Nasdaq: WSFS), the parent company of WSFS Bank, will participate in Piper Sandler’s Financial Services Virtual Conference, August 5 and 7, 2020. Rodger Levenson, WSFS’ Chairman, President and Chief Executive Officer, Dominic C. Canuso, WSFS’ Executive Vice President and Chief Financial Officer, and Steve Clark, Executive Vice President and Chief Commercial Banking Officer, will host one-on-one meetings with analysts and investors.

WSFS Management to Hold Meetings with Analysts and Investors at Piper Sandler’s Financial Services Virtual Conference

WSFS Financial Corporation (WSFS) CEO Rodger Levenson on Q2 2020 Results - Earnings Call Transcript

WSFS (WSFS) delivered earnings and revenue surprises of -235.29% and 22.89%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

WSFS Financial (WSFS) Reports Q2 Loss, Tops Revenue Estimates

FOR ADDITIONAL INFORMATION REGARDING OUR CONTINUED COVID-19 RESPONSE, FINANCIAL IMPACTS AND OUTLOOK, PLEASE REFER TO THE 2Q 2020 EARNINGS RELEASE SUPPLEMENT AVAILABLE IN THE INVESTOR RELATIONS SECTION OF WSFS' WEBSITE (  www.wsfsbank.com  ).

WSFS Reports 2Q Net Loss Of $7.1 Million, YTD Net Income of $3.8 Million; 2Q Includes $94.8 Million Provision Driven by COVID-19, $22.1 Million Gain on Visa Class B Sale and Nearly $1 Billion of PPP Loans

WILMINGTON, Del., July  10, 2020  (GLOBE NEWSWIRE) -- WSFS Financial Corporation (Nasdaq: WSFS), the parent company of WSFS Bank, expects to report its second quarter earnings report at the end of business Thursday, July 23, 2020.  Management will conduct a conference call to review this information at 1:00 p.m. Eastern Daylight Time (EDT) on Friday, July 24, 2020. Interested parties may listen to this call by dialing 1-877-312-5857 and using conference ID #3954236.

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