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 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., June  29, 2020  (GLOBE NEWSWIRE) -- WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), is pleased to announce the promotion of 10 Associates from business lines across the organization to Senior Vice President (SVP).

WSFS Bank Promotes Ten Associates to Senior Vice President Positions

WILMINGTON, Del., June  25, 2020  (GLOBE NEWSWIRE) -- WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), was recently named a  2020 Culture Transformation Award winner by Gallup .

WSFS Bank Named Gallup’s Culture Transformation Award Winner

Five thousand businesses received approval for nearly $1 billion in funding through the Paycheck Protection Program through WSFS; businesses employ about 100,000 people. Five thousand businesses received approval for nearly $1 billion in funding through the Paycheck Protection Program through WSFS; businesses employ about 100,000 people.

WSFS Bank Donates $200,000 to Local Organizations to Accelerate Small Business Recovery Efforts

WILMINGTON, Del., June  23, 2020  (GLOBE NEWSWIRE) -- WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), today announced the promotion of Jim Wechsler to Senior Vice President, Chief Retail Lending Officer reporting to Executive Vice President and Chief Retail Banking Officer, Richard Wright. Wechsler will be responsible for Consumer Lending, Small Business, Government Guaranteed Lending, Community Reinvestment and NewLane Finance. He will also manage the bank’s fintech lending relationships. Wechsler is replacing Glenn Kocher, who is retiring.

Photo Release -- WSFS Bank Promotes Jim Wechsler to Senior Vice President, Chief Retail Lending Officer

Seven out of 10 want to remain in the region with more than half finding the area affordable.  Seven out of 10 want to remain in the region with more than half finding the area affordable.

UPDATE - WSFS Mortgage Regional Study Finds Homebuyers Feel High Levels of Anxiety When Buying a Home, Prefer Personal Touch and Guidance From Someone They Can Trust

WSFS Mortgage Regional Study Finds Homebuyers Feel High Levels of Anxiety When Buying a Home, Prefer Personal Touch and Guidance From Someone They Can Trust

WILMINGTON, Del., June  10, 2020  (GLOBE NEWSWIRE) -- WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), was recently named one of the highest ranked locally-based banks on  Forbes’ second annual World’s Best Banks list . Overall WSFS ranked number 21 in the United States. This is the first time WSFS has made the global list.

WSFS Bank Ranked Twenty-First on Forbes’ Second Annual World’s Best Banks List

Chairman, President, and CEO Rodger Levenson to Present Chairman, President, and CEO Rodger Levenson to Present

WSFS Management to present at the Boenning & Scattergood Virtual Community Bank Conference on June 10, 2020

WILMINGTON, Del., April  30, 2020  (GLOBE NEWSWIRE) -- Today, WSFS Bank announced a $100,000 pledge from the WSFS Community Foundation to further assist local organizations with COVID-19 relief efforts. The Foundation recently contributed $200,000 to eight organizations that are also engaged in the fight against the virus.

WSFS Community Foundation Pledges Additional $100,000 to Local Nonprofit Organizations for COVID-19 Relief Efforts

Paul Greenplate named Executive Vice President, Enterprise Risk Management Paul Greenplate named Executive Vice President, Enterprise Risk Management

Michael Reed joins WSFS as Executive Vice President, Chief Risk Officer

WSFS Financial Corp. (WSFS) CEO Rodger Levenson on Q1 2020 Results - Earnings Call Transcript

WSFS (WSFS) delivered earnings and revenue surprises of -65.67% and 4.43%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

WSFS Financial (WSFS) Misses Q1 Earnings Estimates

Customers will have access to 560 ATMs across the region with more coming soon Customers will have access to 560 ATMs across the region with more coming soon

WSFS Bank Significantly Expands ATM Network by adding 87 ATMs to Serve Greater Philadelphia and Delaware

There will be no in-person meeting due to COVID-19 There will be no in-person meeting due to COVID-19

WSFS Financial Corporation to Hold 2020 Annual Meeting in Virtual Format Only

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.

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