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., Oct.  28, 2019  (GLOBE NEWSWIRE) -- Pennsylvania native, Ron Dutton, has joined WSFS Bank as Senior Vice President and Director of Community Reinvestment with oversight of the Bank’s Community Reinvestment Act (CRA) program.  In this role, Mr. Dutton will interact with community leaders and government officials.  He will represent WSFS in civic, community, and other functions to enhance the Bank’s partnerships and commitment to all residents and entities within the neighborhoods it serves.  Mr. Dutton joins WSFS Bank following the retirement of former WSFS Associate and Director of Community Reinvestment, Terri Hasson.

Photo Release -- WSFS Bank Welcomes Ron Dutton as Director of Community Reinvestment

Bank joins over 800 as a unified voice serving SBA borrowers Bank joins over 800 as a unified voice serving SBA borrowers

WSFS Bank SBA Group Director Joins National Association of Government Guaranteed Lenders

WSFS Financial Corporation (WSFS) CEO Rodger Levenson on Q3 2019 Results - Earnings Call Transcript

WSFS (WSFS) delivered earnings and revenue surprises of 7.69% and 15.39%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

WSFS Financial (WSFS) Q3 Earnings and Revenues Surpass Estimates

WILMINGTON, Del., Oct.  21, 2019  (GLOBE NEWSWIRE) -- WSFS Financial Corporation (Nasdaq: WSFS), the parent company of WSFS Bank, today announced its financial results for the third quarter of 2019. 

WSFS Reports 3Q 2019 EPS of $1.02 and ROA of 1.72%; Strong Operating Results Driven by Acquisition and Organic Growth; Successfully Completed Beneficial Systems and Branding Conversion; Executing on Strategic Plan Goals

WILMINGTON, Del., Oct.  17, 2019  (GLOBE NEWSWIRE) -- Lisa Washington, an experienced legal executive and corporate officer, as well as a long-time resident of Philadelphia, has been named Senior Vice President and Chief Legal Officer of WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS). In this newly created role, Ms. Washington will oversee the enterprise-wide legal operations of WSFS and will report to WSFS Executive Vice President and Chief Risk Officer, Paul Greenplate.

Legal Executive and Philadelphia Area Native Lisa Washington is Named WSFS Bank’s New Chief Legal Officer

WILMINGTON, Del., Oct.  08, 2019  (GLOBE NEWSWIRE) -- As the holiday season approaches, WSFS Bank is encouraging its Associates, Customers, and communities to make a deposit of a different kind. All WSFS banking offices across the Greater Delaware Valley will be designated as convenient community food deposit centers as part of the Bank’s annual fall food drive to provide meals to hungry children, adults and families.

Photo Release -- WSFS Bank Accepting Donations for Fall Food Drive at All Locations

WILMINGTON, Del., Sept.  24, 2019  (GLOBE NEWSWIRE) -- WSFS Bank’s  “Icons” video  has earned two major awards from the American Bankers Association (ABA).  “Icons” was the winner in the category of banks with more than $5 billion in assets, which includes more than 230 banks across the country and among the largest financial institutions.  The video also scored highest from the nearly 400 entries by banks of all sizes to win the “Best in Show” award, the highest recognition presented by the ABA and the organization’s fourth annual ABA Bank Marketing Video Awards. “Icons” is one of several multimedia creative pieces WSFS has rolled out in recent months as part of a marketing campaign that coincided with the Bank’s expansion into the City of Philadelphia, and suburbs in southeastern Pennsylvania and southern New Jersey.

Photo Release -- WSFS Bank’s ‘Icons’ Video is Named ‘Best in Show’ by the American Bankers Association

WILMINGTON, Del., Sept.  09, 2019  (GLOBE NEWSWIRE) -- WSFS Financial Corporation (Nasdaq: WSFS) (“the Company”), the parent company of WSFS Bank, has named Elizabeth L. Wager as Vice President and Manager of Investor Relations.  In this newly created role, Ms. Wager will be responsible for managing communications with WSFS Owners and investors, as WSFS is now a mid-cap stock exceeding $2 billion in market capitalization.  Ms. Wager and the Investor Relations function will remain under the division of Finance at WSFS, and she will report to Aaron Klein, Senior Vice President of Business Performance and Analysis (BP&A), with collaboration across the entire organization.

Photo Release -- WSFS Bank Selects Elizabeth L. Wager to Lead Investor Relations in Newly Created Role

WSFS Senior Vice President Ronald “Ron” Samuels named Director of Capital Markets; Edward “Ed” Caywood is promoted to Senior Vice President and Treasurer WSFS Senior Vice President Ronald “Ron” Samuels named Director of Capital Markets; Edward “Ed” Caywood is promoted to Senior Vice President and Treasurer

Photo Release -- WSFS Bank Announces the Formation of a Capital Markets Group

WILMINGTON, Del., Sept.  03, 2019  (GLOBE NEWSWIRE) -- Long-time Main Line resident and accomplished mortgage banking executive Patrick J. Keenan is the new Senior Vice President and Director of Mortgage Sales at WSFS Mortgage, a division of WSFS Bank.  WSFS Mortgage is a leading mortgage lender providing a wide range of customizable mortgage programs.  In this role, Mr. Keenan will oversee a growing team of WSFS Mortgage Loan Officers who offer Customers expert knowledge on  WSFS’ mortgage lending solutions .  He will report to Jeffrey M. Ruben, President of WSFS Mortgage.

Photo Release -- Patrick J. Keenan to Lead WSFS Bank Mortgage Sales as Senior Vice President

WILMINGTON, Del., Aug.  26, 2019  (GLOBE NEWSWIRE) -- WSFS Financial Corporation (NASDAQ: WSFS) (“WSFS”) has completed the systems integration and rebranding of Beneficial Bank into its primary subsidiary, WSFS Bank.

WSFS Financial Completes Integration and Rebranding of Beneficial Bank into WSFS Bank

As deputy to Executive Vice President and Chief Technology Officer Lisa M. Brubaker, Ms. Ciber will help lead WSFS Bank’s execution of a five-year, multimillion-dollar technology investment. As deputy to Executive Vice President and Chief Technology Officer Lisa M. Brubaker, Ms. Ciber will help lead WSFS Bank’s execution of a five-year, multimillion-dollar technology investment.

Photo Release -- WSFS Bank Welcomes Corynn Ciber in Newly Created Role, Chief Digital Officer

WSFS Financial Corporation (WSFS) CEO Rodger Levenson on Q2 2019 Results - Earnings Call Transcript

WSFS (WSFS) delivered earnings and revenue surprises of 17.33% and 5.45%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

WSFS Financial (WSFS) Q2 Earnings and Revenues Top Estimates

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: What to Know Ahead of Q2 Release

Let's see if WSFS Financial (WSFS) stock is a good choice for value-oriented investors right now from multiple angles.

Is WSFS Financial (WSFS) A Great Pick for Value Investors?

WSFS Financial Corporation (WSFS) CEO Rodger Levenson on Q1 2019 Results - Earnings Call Transcript

WSFS (WSFS) delivered earnings and revenue surprises of 0.00% and -1.13%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?

WSFS Financial (WSFS) Q1 Earnings Match Estimates

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.

News for WSFS Financial Stock (WSFS)