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WSFS Financial NASDAQ: WSFS reported second-quarter 2026 core earnings per share of $1.66, core return on assets of 1.55% and core return on tangible common equity of 20.2%, with management citing growth in fee businesses, deposits and selected lending categories.

Chief Financial Officer David Burg said core net income rose 19% from a year earlier, while core pre-provision net revenue increased 10%. Core EPS grew 31% year over year, and tangible book value per share increased 13%.

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Core results excluded a $1.8 million reduction in net income, or $0.03 per share, primarily associated with the write-down of an equity investment, as well as the previously disclosed gain on the sale of the company’s credit-card portfolio.

Margin Expands as Deposit Costs Decline Net interest margin expanded 4 basis points from the first quarter to 3.87%. Burg attributed the increase to a 4-basis-point decline in client deposit costs and higher investment-security yields. The company’s interest-bearing deposit beta remained at 46%.

Management updated its full-year 2026 outlook based on an assumption that the federal funds rate will not change during the remainder of the year. WSFS now expects net interest margin of approximately 3.85% for the year.

During the question-and-answer session, Burg said the company expects to manage its margin despite a more competitive deposit environment. WSFS has allowed some higher-cost deposits to run off during the first half because of its liquidity position, he said, but may need to raise rates in certain areas to remain competitive and support client growth.

“We want to make sure that we remain competitive,” Burg said, noting that deposit competition had increased during the prior six months. “There could be some upward pressure on deposit costs.”

Fee Revenue and Institutional Services Growth Core fee revenue, which represented nearly one-third of total revenue, increased 2% from the first quarter and 5% from a year earlier. Wealth and trust revenue grew 17% year over year.

Within Institutional Services, corporate trust revenue rose 28% year over year and global capital markets revenue increased 58%, according to Burg. The company said it continued to win mandates and gain market share in those businesses.

For the first half of 2026, WSFS ranked as the third-most-active asset-backed securities and mortgage-backed securities trustee by deal count, increasing its market share to 14% from 11.7% in 2025, Burg said. Bryn Mawr Trust Company of Delaware, the company’s personal trust operation, grew 20% year over year as new accounts increased.

Cash Connect fees declined from a year earlier because of interest-rate cuts and lower volumes. However, the business delivered a 15% profit margin for the second consecutive quarter.

Burg told analysts that the ABS and MBS market has continued to expand, with industry growth of roughly 20% to 30%, while WSFS has also increased its share. He said the company’s ability to move quickly and provide service has helped it compete with larger players, though he cautioned against extrapolating the current pace of market growth.

Deposits, Loans and Asset Quality Client deposits increased 3% sequentially and 11% year over year, led by Institutional Services and commercial banking. Non-interest-bearing deposits climbed 10% from the first quarter and accounted for 37% of total client deposits, compared with 31% a year earlier. Average deposits rose 3% sequentially and 8% year over year.

Burg said approximately 80% of the quarter’s non-interest-bearing deposit growth came from Institutional Services, split between corporate trust and global capital markets, with the remaining 20% coming from commercial banking. He said the company historically has operated with non-interest-bearing deposits in the low 30% range and would view a low-to-mid-30% level as a favorable sustainable range.

Gross loans increased 1% from the prior quarter, equivalent to a 5% annualized pace. Commercial and industrial loans rose 2% sequentially, or 8% annualized. Residential mortgages and WSFS home-equity loans increased 10% sequentially and 23% year over year.

Chairman, President and CEO Rodger Levenson said client sentiment appeared constructive despite cost pressures and uncertainty tied to geopolitical developments and energy volatility. He said businesses were continuing to invest in a relatively stable economic environment, supporting the company’s commercial loan pipeline.

Management said home-lending growth may moderate after a strong spring selling season. Burg said the residential pipeline had declined somewhat as the seasonal market slowed and rates rose.

Asset-quality measures improved during the quarter. Problem assets fell 6% sequentially and 31% year over year, aided by commercial payoffs. Delinquencies declined 5% from the first quarter and nearly 40% from a year earlier, while nonperforming assets fell 8% sequentially and nearly 25% year over year.

Net charge-offs were $7.1 million, or 21 basis points of average loans. Excluding the prior quarter’s loan recovery, net charge-offs declined $5.1 million sequentially because of lower commercial charge-offs. Management said office properties remain a challenging area, but it did not identify a broader portfolio trend or asset-class concern.

Capital Returns and Updated Outlook WSFS returned $77 million of capital during the second quarter, including $66 million of share repurchases. Year to date, the company repurchased more than 4% of its outstanding shares and returned approximately 100% of net income to shareholders.

Burg said the company’s first priority remains investing in the business at attractive returns. Management said it would consider acquisitions that are additive to its strategy, including potential opportunities in fee businesses and wealth management, but Levenson said the bar for bank acquisitions would be high given the company’s organic opportunities in its existing markets.

Full-year return on assets outlook was raised to 1.50%, with potential for modest upside. Deposit growth outlook was raised to the high-single-digit range. Fee revenue growth, excluding Cash Connect, is expected in the mid-to-high-single-digit range. Expected net charge-offs were lowered to 15 to 25 basis points of average loans for the year. The company maintained its efficiency outlook in the high-50% range. Burg said expenses could remain around current levels or be somewhat lower, though variable compensation, transaction-related costs, health-care expenses and fraud-related costs could create quarterly variability. He said the company is pursuing cost initiatives involving vendor spending, real estate optimization and exits from businesses that are not central to its strategy.

About WSFS Financial (NASDAQ:WSFS)WSFS Financial Corporation is the bank holding company for WSFS Bank, a regional financial institution headquartered in Wilmington, Delaware. The company traces its roots to the Safe Deposit & Trust Company, founded in 1832, and formally organized as WSFS Financial in the mid-1980s. Over its long history, WSFS has grown through a combination of organic expansion and selective acquisitions to serve a broad base of individual, commercial and institutional clients.

WSFS Bank offers a full suite of banking and financial services, including retail and commercial deposit accounts, commercial and industrial lending, real estate financing, and treasury management solutions.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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WSFS Financial (WSFS - Free Report) came out with quarterly earnings of $1.66 per share, beating the Zacks Consensus Estimate of $1.51 per share. This compares to earnings of $1.27 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +9.93%. A quarter ago, it was expected that this bank holding company would post earnings of $1.48 per share when it actually produced earnings of $1.45, delivering a surprise of -2.03%.

Over the last four quarters, the company has surpassed consensus EPS estimates three times.

WSFS, which belongs to the Zacks Financial - Savings and Loan industry, posted revenues of $282.47 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 0.90%. This compares to year-ago revenues of $267.5 million. The company has topped consensus revenue estimates three times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

WSFS shares have added about 42.8% since the beginning of the year versus the S&P 500's gain of 9.6%.

What's Next for WSFS?While WSFS has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for WSFS was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.55 on $285.02 million in revenues for the coming quarter and $6.32 on $1.13 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - Savings and Loan is currently in the top 35% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

One other stock from the same industry, Northwest Bancshares (NWBI - Free Report) , is yet to report results for the quarter ended June 2026. The results are expected to be released on July 27.

This holding company for Northwest Savings Bank is expected to post quarterly earnings of $0.33 per share in its upcoming report, which represents a year-over-year change of +10%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Northwest Bancshares' revenues are expected to be $178.55 million, up 18.7% from the year-ago quarter.

Posted by Defense World Staff on Jul 23rd, 2026

Fifth Third Bancorp boosted its stake in WSFS Financial Corporation (NASDAQ:WSFS – Free Report) by 11,821.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,731 shares of the bank’s stock after acquiring an additional 28,490 shares during the period. Fifth Third Bancorp owned about 0.05% of WSFS Financial worth $1,881,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. AQR Capital Management LLC grew its position in shares of WSFS Financial by 102.6% during the first quarter. AQR Capital Management LLC now owns 10,347 shares of the bank’s stock worth $537,000 after acquiring an additional 5,240 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in WSFS Financial by 3.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,835 shares of the bank’s stock worth $1,807,000 after purchasing an additional 1,176 shares during the last quarter. Millennium Management LLC increased its stake in WSFS Financial by 230.4% in the first quarter. Millennium Management LLC now owns 72,726 shares of the bank’s stock valued at $3,772,000 after purchasing an additional 50,717 shares during the period. United Services Automobile Association purchased a new stake in shares of WSFS Financial in the first quarter valued at about $204,000. Finally, Jane Street Group LLC boosted its stake in shares of WSFS Financial by 579.0% during the first quarter. Jane Street Group LLC now owns 117,472 shares of the bank’s stock worth $6,093,000 after buying an additional 100,171 shares during the period. Hedge funds and other institutional investors own 88.49% of the company’s stock.

Insider Activity In related news, CEO Rodger Levenson sold 65,446 shares of WSFS Financial stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $74.11, for a total transaction of $4,850,203.06. Following the sale, the chief executive officer directly owned 186,088 shares in the company, valued at $13,790,981.68. The trade was a 26.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.10% of the company’s stock.

WSFS Financial Stock Performance Shares of NASDAQ WSFS opened at $78.86 on Thursday. The company has a 50-day simple moving average of $74.70 and a 200-day simple moving average of $68.51. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market cap of $4.10 billion, a PE ratio of 14.03 and a beta of 0.76. WSFS Financial Corporation has a 12 month low of $49.92 and a 12 month high of $80.73.

Wall Street Analysts Forecast Growth A number of analysts have weighed in on WSFS shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of WSFS Financial in a research report on Friday, June 12th. TD Cowen reiterated a “buy” rating and issued a $82.00 price objective (up from $77.00) on shares of WSFS Financial in a research report on Wednesday, April 29th. DA Davidson lifted their target price on shares of WSFS Financial from $70.00 to $76.00 and gave the company a “neutral” rating in a report on Monday, April 27th. Stephens reiterated an “overweight” rating and set a $81.00 price target (up from $79.00) on shares of WSFS Financial in a research note on Monday, April 27th. Finally, Zacks Research cut shares of WSFS Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $77.07.

View Our Latest Research Report on WSFS

WSFS Financial Company Profile (Free Report)

WSFS Financial Corporation is the bank holding company for WSFS Bank, a regional financial institution headquartered in Wilmington, Delaware. The company traces its roots to the Safe Deposit & Trust Company, founded in 1832, and formally organized as WSFS Financial in the mid-1980s. Over its long history, WSFS has grown through a combination of organic expansion and selective acquisitions to serve a broad base of individual, commercial and institutional clients.

WSFS Bank offers a full suite of banking and financial services, including retail and commercial deposit accounts, commercial and industrial lending, real estate financing, and treasury management solutions.

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Posted by Defense World Staff on Jul 21st, 2026

Bessemer Group Inc. raised its holdings in shares of WSFS Financial Corporation (NASDAQ:WSFS – Free Report) by 20,548.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 70,823 shares of the bank’s stock after purchasing an additional 70,480 shares during the quarter. Bessemer Group Inc. owned approximately 0.14% of WSFS Financial worth $4,636,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Root Financial Partners LLC increased its holdings in shares of WSFS Financial by 92.4% in the first quarter. Root Financial Partners LLC now owns 431 shares of the bank’s stock valued at $28,000 after purchasing an additional 207 shares during the last quarter. NewEdge Advisors LLC acquired a new stake in shares of WSFS Financial during the 4th quarter worth about $33,000. Torren Management LLC acquired a new stake in shares of WSFS Financial during the 4th quarter worth about $35,000. Clearstead Advisors LLC boosted its holdings in shares of WSFS Financial by 167.5% during the 4th quarter. Clearstead Advisors LLC now owns 781 shares of the bank’s stock worth $43,000 after buying an additional 489 shares during the period. Finally, Quarry LP boosted its holdings in shares of WSFS Financial by 159.7% during the 3rd quarter. Quarry LP now owns 813 shares of the bank’s stock worth $44,000 after buying an additional 500 shares during the period. 88.49% of the stock is owned by institutional investors.

Insider Buying and Selling at WSFS Financial In other news, CEO Rodger Levenson sold 65,446 shares of the company’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $74.11, for a total transaction of $4,850,203.06. Following the completion of the sale, the chief executive officer directly owned 186,088 shares in the company, valued at approximately $13,790,981.68. This represents a 26.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.10% of the company’s stock.

WSFS Financial Stock Performance Shares of NASDAQ:WSFS opened at $78.92 on Tuesday. WSFS Financial Corporation has a 12-month low of $49.92 and a 12-month high of $80.73. The company’s 50 day moving average price is $74.34 and its two-hundred day moving average price is $68.18. The firm has a market cap of $4.11 billion, a PE ratio of 14.04 and a beta of 0.76. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.11.

WSFS Financial Increases Dividend The business also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Friday, May 8th were issued a $0.20 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $0.80 annualized dividend and a yield of 1.0%. This is a boost from WSFS Financial’s previous quarterly dividend of $0.17. WSFS Financial’s payout ratio is presently 14.23%.

Analyst Ratings Changes Several research firms have weighed in on WSFS. Zacks Research cut shares of WSFS Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. UBS Group set a $76.00 price objective on WSFS Financial in a report on Monday, April 27th. DA Davidson increased their target price on WSFS Financial from $70.00 to $76.00 and gave the stock a “neutral” rating in a research note on Monday, April 27th. Weiss Ratings reissued a “buy (b)” rating on shares of WSFS Financial in a report on Friday, June 12th. Finally, TD Cowen reissued a “buy” rating and set a $82.00 price target (up from $77.00) on shares of WSFS Financial in a report on Wednesday, April 29th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, WSFS Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $77.07.

Get Our Latest Report on WSFS

WSFS Financial Company Profile (Free Report)

WSFS Financial Corporation is the bank holding company for WSFS Bank, a regional financial institution headquartered in Wilmington, Delaware. The company traces its roots to the Safe Deposit & Trust Company, founded in 1832, and formally organized as WSFS Financial in the mid-1980s. Over its long history, WSFS has grown through a combination of organic expansion and selective acquisitions to serve a broad base of individual, commercial and institutional clients.

WSFS Bank offers a full suite of banking and financial services, including retail and commercial deposit accounts, commercial and industrial lending, real estate financing, and treasury management solutions.

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Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the "long context," investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.

Even though momentum is a popular stock characteristic, it can be tough to define. Debate surrounding which are the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.

Below, we take a look at WSFS Financial (WSFS - Free Report) , a company that currently holds a Momentum Style Score of B. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score.

It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. WSFS Financial currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of "A or B" outperform the market over the following one-month period.

You can see the current list of Zacks #1 Rank Stocks here >>>

Set to Beat the Market?Let's discuss some of the components of the Momentum Style Score for WSFS that show why this bank holding company shows promise as a solid momentum pick.

A good momentum benchmark for a stock is to look at its short-term price activity, as this can reflect both current interest and if buyers or sellers currently have the upper hand. It is also useful to compare a security to its industry, as this can help investors pinpoint the top companies in a particular area.

For WSFS, shares are up 0.57% over the past week while the Zacks Financial - Savings and Loan industry is flat over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 4.88% compares favorably with the industry's 3.75% performance as well.

Considering longer term price metrics, like performance over the last three months or year, can be advantageous as well. Shares of WSFS Financial have increased 10.12% over the past quarter, and have gained 31.89% in the last year. On the other hand, the S&P 500 has only moved 9.43% and 21.44%, respectively.

Investors should also pay attention to WSFS's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. WSFS is currently averaging 517,381 shares for the last 20 days.

Earnings OutlookThe Zacks Momentum Style Score encompasses many things, including estimate revisions and a stock's price movement. Investors should note that earnings estimates are also significant to the Zacks Rank, and a nice path here can be promising. We have recently been noticing this with WSFS.

Over the past two months, 3 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost WSFS's consensus estimate, increasing from $6.29 to $6.32 in the past 60 days. Looking at the next fiscal year, 2 estimates have moved upwards while there have been no downward revisions in the same time period.

Bottom LineGiven these factors, it shouldn't be surprising that WSFS is a #2 (Buy) stock and boasts a Momentum Score of B. If you're looking for a fresh pick that's set to soar in the near-term, make sure to keep WSFS Financial on your short list.

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In "long context," investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.

While many investors like to look for momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.

Below, we take a look at WSFS Financial (WSFS - Free Report) , a company that currently holds a Momentum Style Score of A. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score.

It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. WSFS Financial currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of "A or B" outperform the market over the following one-month period.

You can see the current list of Zacks #1 Rank Stocks here >>>

Set to Beat the Market? In order to see if WSFS is a promising momentum pick, let's examine some Momentum Style elements to see if this bank holding company holds up.

A good momentum benchmark for a stock is to look at its short-term price activity, as this can reflect both current interest and if buyers or sellers currently have the upper hand. It is also useful to compare a security to its industry, as this can help investors pinpoint the top companies in a particular area.

For WSFS, shares are up 4.83% over the past week while the Zacks Financial - Savings and Loan industry is up 1.97% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 5.49% compares favorably with the industry's 3.16% performance as well.

Considering longer term price metrics, like performance over the last three months or year, can be advantageous as well. Shares of WSFS Financial have increased 15.73% over the past quarter, and have gained 44.53% in the last year. In comparison, the S&P 500 has only moved 14.27% and 27.78%, respectively.

Investors should also pay attention to WSFS's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. WSFS is currently averaging 375,151 shares for the last 20 days.

Earnings OutlookThe Zacks Momentum Style Score encompasses many things, including estimate revisions and a stock's price movement. Investors should note that earnings estimates are also significant to the Zacks Rank, and a nice path here can be promising. We have recently been noticing this with WSFS.

Over the past two months, 3 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost WSFS's consensus estimate, increasing from $5.90 to $6.32 in the past 60 days. Looking at the next fiscal year, 4 estimates have moved upwards while there have been no downward revisions in the same time period.

Bottom LineGiven these factors, it shouldn't be surprising that WSFS is a #2 (Buy) stock and boasts a Momentum Score of A. If you're looking for a fresh pick that's set to soar in the near-term, make sure to keep WSFS Financial on your short list.

WSFS Financial (WSFS - Free Report) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.

The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.

Individual investors often find it hard to make decisions based on rating upgrades by Wall Street analysts, since these are mostly driven by subjective factors that are hard to see and measure in real time. In these situations, the Zacks rating system comes in handy because of the power of a changing earnings picture in determining near-term stock price movements.

As such, the Zacks rating upgrade for WSFS is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price.

Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. The influence of institutional investors has a partial contribution to this relationship, as these big professionals use earnings and earnings estimates to calculate the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their transaction of large amounts of shares then leads to price movement for the stock.

For WSFS, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company's underlying business. And investors' appreciation of this improving business trend should push the stock higher.

Harnessing the Power of Earnings Estimate RevisionsEmpirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.

The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>> .

Earnings Estimate Revisions for WSFSFor the fiscal year ending December 2026, this bank holding company is expected to earn $5.78 per share, which is unchanged compared with the year-ago reported number.

Analysts have been steadily raising their estimates for WSFS. Over the past three months, the Zacks Consensus Estimate for the company has increased 11.5%.

Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of "buy" and "sell" ratings for its entire universe of more than 4,000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a "Strong Buy" rating and the next 15% get a "Buy" rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.

You can learn more about the Zacks Rank here >>>

The upgrade of WSFS to a Zacks Rank #1 positions it in the top 5% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.

Great Southern Bancorp (NASDAQ: GSBC - Get Free Report) and WSFS Financial (NASDAQ: WSFS - Get Free Report) are both finance companies, but which is the superior investment? We will compare the two companies based on the strength of their profitability, earnings, valuation, analyst recommendations, risk, institutional ownership and dividends. Analyst Ratings This is a summary of

Posted by Defense World Staff on Apr 6th, 2026

Aberdeen Group plc trimmed its holdings in WSFS Financial Corporation (NASDAQ:WSFS – Free Report) by 4.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 383,212 shares of the bank’s stock after selling 18,517 shares during the period. Aberdeen Group plc owned 0.70% of WSFS Financial worth $21,169,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Bryn Mawr Trust Advisors LLC purchased a new stake in WSFS Financial in the 3rd quarter valued at approximately $1,051,000. Tudor Investment Corp ET AL purchased a new position in WSFS Financial during the third quarter worth $1,153,000. Cooke & Bieler LP raised its holdings in shares of WSFS Financial by 15.5% in the third quarter. Cooke & Bieler LP now owns 1,031,956 shares of the bank’s stock worth $55,653,000 after acquiring an additional 138,220 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of WSFS Financial by 2.2% in the third quarter. JPMorgan Chase & Co. now owns 1,544,508 shares of the bank’s stock worth $83,295,000 after acquiring an additional 33,398 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB lifted its position in shares of WSFS Financial by 46.5% in the third quarter. Wilmington Savings Fund Society FSB now owns 89,669 shares of the bank’s stock valued at $4,836,000 after acquiring an additional 28,471 shares in the last quarter. 88.49% of the stock is currently owned by hedge funds and other institutional investors.

WSFS Financial Stock Performance NASDAQ:WSFS opened at $66.30 on Monday. The business’s 50-day moving average is $65.16 and its two-hundred day moving average is $58.68. The firm has a market capitalization of $3.50 billion, a PE ratio of 13.00 and a beta of 0.75. WSFS Financial Corporation has a 12 month low of $42.44 and a 12 month high of $71.32. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.84 and a quick ratio of 0.84.

WSFS Financial (NASDAQ:WSFS – Get Free Report) last issued its earnings results on Monday, January 26th. The bank reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.17. WSFS Financial had a return on equity of 10.89% and a net margin of 21.14%.The company had revenue of $90.08 million during the quarter, compared to the consensus estimate of $267.36 million. During the same quarter in the prior year, the business earned $1.11 earnings per share. The company’s revenue was up 4.0% compared to the same quarter last year. Research analysts predict that WSFS Financial Corporation will post 4.47 earnings per share for the current fiscal year.

WSFS Financial Announces Dividend The business also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Friday, February 13th. WSFS Financial’s dividend payout ratio is 13.33%.

Wall Street Analyst Weigh In A number of analysts recently issued reports on the stock. TD Cowen restated a “buy” rating on shares of WSFS Financial in a research report on Wednesday, January 28th. Zacks Research downgraded WSFS Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 30th. Brean Capital started coverage on shares of WSFS Financial in a research note on Tuesday, March 10th. They set a “buy” rating and a $74.50 price objective for the company. DA Davidson initiated coverage on shares of WSFS Financial in a report on Wednesday, February 25th. They set a “neutral” rating and a $74.00 price objective on the stock. Finally, Stephens reiterated an “overweight” rating and issued a $71.00 price target (up from $66.00) on shares of WSFS Financial in a report on Wednesday, January 28th. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $71.42.

Get Our Latest Stock Analysis on WSFS Financial

Insiders Place Their Bets In other WSFS Financial news, EVP Arthur J. Bacci sold 2,005 shares of the company’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $70.51, for a total transaction of $141,372.55. Following the sale, the executive vice president owned 26,366 shares in the company, valued at $1,859,066.66. This represents a 7.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Shari Kruzinski sold 1,000 shares of the stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $70.10, for a total value of $70,100.00. Following the transaction, the executive vice president directly owned 14,740 shares in the company, valued at approximately $1,033,274. This represents a 6.35% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 3,455 shares of company stock valued at $242,923 in the last ninety days. Corporate insiders own 1.10% of the company’s stock.

About WSFS Financial (Free Report)

WSFS Financial Corporation is the bank holding company for WSFS Bank, a regional financial institution headquartered in Wilmington, Delaware. The company traces its roots to the Safe Deposit & Trust Company, founded in 1832, and formally organized as WSFS Financial in the mid-1980s. Over its long history, WSFS has grown through a combination of organic expansion and selective acquisitions to serve a broad base of individual, commercial and institutional clients.

WSFS Bank offers a full suite of banking and financial services, including retail and commercial deposit accounts, commercial and industrial lending, real estate financing, and treasury management solutions.

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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 on Thursday, April 23, 2026. Management will conduct a conference call to review this information at 1:00 p.m. Eastern Time (ET) on Friday, April 24, 2026.

Interested parties can register in advance here or access the conference call live at investors.wsfsbank.com. Earnings release and supplemental materials will be available prior to the start of the event via the Investor Relations section of the Company’s website, and participants are advised to log on at least 15 minutes prior to the broadcast.

For those who cannot access the live conference call, a replay will be accessible shortly after the event concludes through the links above.

About WSFS Financial Corporation

WSFS Financial Corporation is a multibillion-dollar financial services company. Its primary subsidiary, WSFS Bank, is the oldest and largest locally headquartered bank and wealth management franchise in the Greater Philadelphia and Delaware region. As of December 31, 2025, WSFS Financial Corporation had $21.3 billion in assets on its balance sheet and $97.4 billion in assets under management and administration. WSFS operates from 113 offices, 87 of which are banking offices, located in Pennsylvania (58), Delaware (37), New Jersey (14), Florida (2), Nevada (1) and Virginia (1) and provides comprehensive financial services including commercial banking, consumer banking, treasury management, and trust and wealth management. Other subsidiaries or divisions include Arrow Land Transfer, Bryn Mawr Trust Advisors, LLC, Bryn Mawr Trust®, The Bryn Mawr Trust Company of Delaware, Cash Connect®, NewLane Finance®, WSFS Wealth® Management, LLC, WSFS Institutional Services®, and WSFS Mortgage®. Serving the Greater Delaware Valley since 1832, WSFS Bank is one of the ten oldest banks in the United States continuously operating under the same name. For more information, please visit www.wsfsbank.com.

WILMINGTON, Del.--(BUSINESS WIRE)--WSFS Financial Corporation (Nasdaq: WSFS), the parent company of WSFS Bank, announced today it has entered into a long-term lease for its office located at 1818 Market Street. This renewal ensures the company remains a fixture of the Philadelphia skyline and a prominent member of the local business community.

“This lease renewal underscores our unwavering commitment to Philadelphia, a city that has been integral to our growth and success as an organization,” said Rodger Levenson, WSFS Chairman, President, and CEO. “Philadelphia is not just a key market for WSFS; it’s a vibrant community where we are proud to be an employer of choice, fostering opportunities for our Associates and contributing to the city’s economic vitality.”

The building, also known as WSFS Bank Place, has been occupied by WSFS since 2019 and now houses more than 250 Associates. WSFS further enhanced its presence at Bank Place in 2024 with the opening of a WSFS banking office, full-service ATM, and accompanying Wiss Fiss Lounge.

“This renewed investment in our Center City office reflects our dedication to collaboration, innovation, and delivering exceptional service to our Philadelphia-based clients and communities for years to come,” said Levenson.

About WSFS Financial Corporation

WSFS Financial Corporation is a multibillion-dollar financial services company. Its primary subsidiary, WSFS Bank, is the oldest and largest locally headquartered bank and wealth management franchise in the Greater Philadelphia and Delaware region. As of December 31, 2025, WSFS Financial Corporation had $21.3 billion in assets on its balance sheet and $97.4 billion in assets under management and administration. WSFS operates from 113 offices, 87 of which are banking offices, located in Pennsylvania (58), Delaware (37), New Jersey (14), Florida (2), Nevada (1) and Virginia (1) and provides comprehensive financial services including commercial banking, consumer banking, treasury management, and trust and wealth management. Other subsidiaries or divisions include Arrow Land Transfer, Bryn Mawr Trust Advisors, LLC, Bryn Mawr Trust®, The Bryn Mawr Trust Company of Delaware, Cash Connect®, NewLane Finance®, WSFS Wealth® Management, LLC, WSFS Institutional Services®, and WSFS Mortgage®. Serving the Greater Delaware Valley since 1832, WSFS Bank is one of the ten oldest banks in the United States continuously operating under the same name. For more information, please visit www.wsfsbank.com.

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 2026.

Selected financial results and metrics are as follows:

(Dollars in millions, except per share data)

1Q 2026

4Q 2025

1Q 2025

Net interest income

$

185.1

$

187.4

$

175.2

Fee revenue

90.1

84.5

80.9

Total net revenue

275.3

271.9

256.1

(Recovery of) provision for credit losses

(2.0

)

12.7

17.4

Noninterest expense

162.8

162.0

151.8

Net income attributable to WSFS

86.8

72.7

65.9

Pre-provision net revenue (PPNR)(1)

112.5

109.9

104.3

Earnings per share (EPS) (diluted)

1.64

1.34

1.12

Return on average assets (ROA) (a)

1.61

%

1.33

%

1.29

%

Return on average equity (ROE) (a)

12.7

10.5

10.1

Fee revenue as % of total net revenue

32.7

31.0

31.5

Efficiency ratio

59.0

59.5

59.2

See “Notes”

GAAP results for the periods shown include items that are excluded from core results. Below is a summary of the financial effects of these items. In 1Q 2026, these items include restructuring expenses related to a loss on a property sale and a write-down of held-for-sale real estate. For additional detail, refer to the Non-GAAP Reconciliation in the back of this earnings release.

1Q 2026

4Q 2025

1Q 2025

(Dollars in millions, except per share data)

Total (pre-tax)

Per share (pre-tax)

Total (pre-tax)

Per share (pre-tax)

Total (pre-tax)

Per share (pre-tax)

Fee revenue

$

—

$

—

$

(5.6

)

$

(0.10

)

$

—

$

—

Noninterest expense

2.9

0.05

1.1

0.02

0.3

0.01

Income tax impacts

(0.6

)

(0.01

)

(1.6

)

(0.03

)

(0.1

)

—

(1) As used in this press release, PPNR is a non-GAAP financial measure that adjusts net income determined in accordance with GAAP to exclude the impacts of (i) income tax provision and (ii) (recovery of) provision for credit losses. For a reconciliation of this and other non-GAAP financial measures to their most directly comparable GAAP measures, see "Non-GAAP Reconciliation" at the end of the press release.

CEO Commentary and Highlights

Rodger Levenson, Chairman, CEO and President, said, "WSFS performed very well in the first quarter as reflected by a 49% year-over-year increase in core EPS(2). Our results included robust deposit growth, solid C&I loan fundings, and strong performance in our Wealth and Trust segment, which delivered double-digit year-over-year fee revenue growth. Additionally, we continued to execute our capital return framework through dividends and share repurchases. We look forward to building on this momentum as we optimize ongoing franchise investments and grow market share across our diversified businesses."

Overall highlights included:

Core EPS of $1.68 increased 17% and core ROA(2) of 1.65% increased 23bps compared to 4Q 2025. Excluding a previously disclosed $15.7 million loan recovery, core EPS(2) was $1.45 and core ROA(2) was 1.43%. Wealth and Trust continued to deliver double-digit fee growth, increasing 25% year-over-year. WSFS Institutional Services® increased 46% and The Bryn Mawr Trust Company of Delaware (BMT of DE) increased 27%. Client deposits grew 5% quarter-over-quarter with strong noninterest demand growth of 14% primarily driven by Trust and Commercial. C&I loans grew 2% quarter-over-quarter driven by strong fundings. The Board approved an 18% increase in the quarterly cash dividend to $0.20 per share, along with an additional share repurchase authorization of 15% of our outstanding shares as of March 31, 2026. Repurchased $85.0 million of common stock (2.5% of outstanding shares(3)) and paid quarterly dividends of $9.0 million, for a total capital return of $94.0 million. First Quarter 2026 Discussion of Financial Results

Balance Sheet

The following table summarizes loan and lease balances and composition at March 31, 2026 compared to December 31, 2025 and March 31, 2025:

Loans and Leases

(Dollars in millions)

March 31, 2026

December 31, 2025

March 31, 2025

Commercial & industrial (C&I)(4)

$

4,849

37

%

$

4,766

36

%

$

4,651

36

%

Commercial mortgage

3,882

30

3,916

30

3,982

31

Construction

1,034

7

1,024

7

869

6

Commercial small business leases

588

4

603

5

636

5

Total commercial loans and leases

10,353

78

10,309

78

10,138

78

Residential mortgage

1,127

9

1,120

9

992

8

Consumer

1,854

14

1,894

14

2,033

16

Gross loans and leases

13,334

101

%

13,323

101

%

13,163

102

%

Allowance for Credit Losses (ACL)

(180

)

(1

)

(179

)

(1

)

(188

)

(2

)

Net loans and leases

$

13,154

100

%

$

13,144

100

%

$

12,975

100

%

At March 31, 2026, WSFS’ gross loan and lease portfolio increased $10.6 million, or less than 1%, when compared with December 31, 2025. C&I fundings remained strong, resulting in growth of 2% (not annualized), which included 4% growth in Small Business Banking(5). This growth reflects our continued investment in talent and product offerings, enhancing our ability to win market share and more effectively compete for a broader set of clients. Despite seasonal trends, residential mortgage and home equity generated strong originations and delivered over 1% combined growth. The strong funding momentum was partially offset by elevated payoff and paydown activity in commercial mortgage and residential mortgage as well as the continued runoff of Spring EQ loans.

Gross loans and leases at March 31, 2026 increased 1% when compared with March 31, 2025. Excluding the impacts from the sale of the Upstart portfolio and runoff of Spring EQ, gross loans and leases increased 4%. C&I fundings more than doubled year-over-year, resulting in growth of 4%, while construction loans (19%), residential mortgage (14%), and WSFS-originated consumer loans (15%) also grew. These increases were partially offset by declines in commercial mortgage (3%) and commercial small business leases (8%).

The following table summarizes client deposit balances and composition at March 31, 2026 compared to December 31, 2025 and March 31, 2025:

Client Deposits

(Dollars in millions)

March 31, 2026

December 31, 2025

March 31, 2025

Noninterest demand

$

6,372

34

%

$

5,577

32

%

$

4,947

29

%

Interest-bearing demand

2,848

15

2,884

16

2,882

17

Savings

1,418

8

1,410

8

1,463

9

Money market

5,909

33

5,762

33

5,487

33

Total core deposits

16,547

90

15,633

89

14,779

88

Time deposits

1,921

10

2,009

11

2,100

12

Total client deposits

$

18,468

100

%

$

17,642

100

%

$

16,879

100

%

Total client deposits increased $826.0 million, or 5% (not annualized), when compared with December 31, 2025. Noninterest demand increased 14%, driven by growth in Trust and Commercial, and comprises 34% of total client deposits. Money market grew 3%, while time deposits decreased 4%. End of period deposit balances reflect elevated activity by clients within Trust and Commercial. While some of these transactional deposits are short-term, we continue to see strong deposit growth across our franchise.

Total client deposits increased $1.6 billion, or 9% from March 31, 2025. Noninterest demand grew 29%, driven by Trust and Commercial. Money market grew 8%, driven by Consumer, Trust, and Private Wealth Management, while time deposits decreased 8% as we continued to manage our deposit pricing.

The deposit base remains well-diversified, with 53% of quarterly average client deposits coming from the Commercial, Small Business Banking, and Wealth and Trust businesses. No- and low-cost deposit accounts(6) represented 57% of average total client deposits with a weighted average cost of 28bps for the quarter. The loan-to-deposit ratio(7) was 71% at March 31, 2026, providing capacity to fund ongoing loan growth.

Net Interest Income

Three Months Ending

(Dollars in millions)

March 31, 2026

December 31, 2025

March 31, 2025

Net interest income before purchase accretion

$

183.5

$

186.0

$

173.1

Purchase accounting accretion

1.6

1.4

2.1

Net interest income

$

185.1

$

187.4

$

175.2

Net interest margin before purchase accretion

3.80

%

3.80

%

3.83

%

Purchase accounting accretion

0.03

0.03

0.05

Net interest margin

3.83

%

3.83

%

3.88

%

Net interest income decreased $2.2 million, or 1% (not annualized), compared to 4Q 2025, primarily driven by lower loan yields and higher interest expense on debt, partially offset by lower deposit costs and higher average loan balances.

Net interest income increased $9.9 million, or 6%, compared to 1Q 2025, primarily driven by higher cash balances from growth in deposits, lower deposit costs, and higher average loan balances. The increase was partially offset by lower loan yields.

Total loan yields were 6.27%, a decrease of 13bps when compared to 4Q 2025 and a decrease of 40bps when compared to 1Q 2025. The quarter-over-quarter and year-over-year decreases were primarily driven by the impact of interest rate cuts.

Total client deposit costs were 1.33% and interest-bearing deposit costs were 2.01%, decreases of 12bps and 16bps, respectively, compared to 4Q 2025. Total client deposit costs decreased 38bps and interest-bearing deposit costs decreased 42bps compared to 1Q 2025. The quarter-over-quarter and year-over-year decreases were driven by deposit repricing actions and a continued shift in the mix of deposits, with higher noninterest balances.

Net interest margin of 3.83% was flat compared to 4Q 2025 as lower deposit costs and loan growth were offset by lower loan yields and the higher debt expense noted above. Net interest margin decreased 5bps from 1Q 2025 primarily due to the impact of the three interest rate cuts that occurred in 2025.

Asset Quality

(Dollars in millions)

March 31, 2026

December 31, 2025

March 31, 2025

Problem assets(8)

$

503.9

$

535.9

$

683.7

Delinquencies (n)

100.7

168.4

147.7

Nonperforming assets (n)

87.8

72.1

116.9

Net (recoveries) charge-offs on loans and leases

(3.5

)

15.2

24.6

Total net credit costs (q)

0.2

12.0

17.6

Problem assets to total Tier 1 capital plus ACL on loans and leases

20.71

%

21.98

%

27.83

%

Classified assets to total Tier 1 capital plus ACL on loans and leases

17.19

17.59

20.80

Ratio of nonperforming assets to total assets (n)

0.40

0.34

0.57

Delinquencies (n) to gross loans (i)

0.76

1.27

1.13

Ratio of quarterly net (recoveries) charge-offs to average gross loans

(0.11

)

0.46

0.76

Ratio of allowance for credit losses to total loans and leases (p)

1.36

1.36

1.43

Ratio of allowance for credit losses to nonaccruing loans (n)

240

250

168

See “Notes”

Problem assets continued to trend downward, with a decrease of $32.0 million compared to December 31, 2025, largely driven by payoffs. Delinquencies decreased $67.7 million, or 51bps of gross loans, compared to December 31, 2025, driven by a significant reduction in commercial mortgage delinquencies. Problem assets decreased 26% and delinquencies decreased 32% compared to March 31, 2025.

Nonperforming assets (NPAs) increased $15.7 million, or 6bps of total assets compared to December 31, 2025. The increase in NPAs was primarily driven by a C&I loan of $11.2 million and a multifamily loan of $6.6 million, both of which are well-secured. NPAs are down 25% compared to March 31, 2025.

During the quarter, the Company transferred $12.7 million to other real estate owned related to a nonperforming land development loan.

As previously disclosed in our 2025 Form 10-K, we received payment for loans charged-off in the first quarter of 2025 to a fund invested in office properties, resulting in a recovery of $15.7 million and the payoff of a $2.5 million nonperforming loan. Net recoveries for the quarter were $3.5 million. Excluding the impacts of the recovery, net charge-offs on loans and leases were $12.2 million, a decrease of $2.9 million, or 8bps (annualized) of average gross loans, and total net credit costs increased by $3.9 million when compared to 4Q 2025. The increase in net credit costs was driven by timing-related loan workout costs and higher unfunded commitment reserves as a result of significant new originations.

The ACL on loans and leases was $180.0 million as of March 31, 2026, an increase of $0.4 million when compared to December 31, 2025, and the ACL coverage ratio was flat at 1.36%.

Core Fee Revenue(9)

Core fee revenue (noninterest income) of $90.1 million was flat compared to 4Q 2025. Wealth and Trust fees increased 9%, driven by double-digit growth in WSFS Institutional Services®, coupled with growth in Private Wealth Management and BMT of DE. This increase was offset by a $1.4 million decline in Cash Connect®, due to lower volume and rates (which was more than offset in noninterest expense), as well as lower income from equity investments and Capital Markets.

Core fee revenue increased $9.2 million, or 11%, compared to 1Q 2025. The increase was driven by broad-based double-digit growth across several businesses, including WSFS Institutional Services®, BMT of DE, Capital Markets, and WSFS Home Lending. These increases were partially offset by a $2.7 million decrease in Cash Connect®, primarily due to the impact of interest rate cuts and lower ATM volumes.

For 1Q 2026, our core fee revenue ratio(9) was 32.7% compared to 32.4% in 4Q 2025 and 31.5% in 1Q 2025. Fee revenue diversification is a differentiator with further growth opportunities expected.

Core Noninterest Expense(10)

Core noninterest expense of $159.9 million decreased $1.0 million, or 1% (not annualized), compared to 4Q 2025. The decrease is primarily due to a $2.1 million decline in salaries and benefits driven by the impact of higher performance-based incentives accrued in 4Q 2025, a $1.3 million decline in professional fees and a $1.1 million decline in Cash Connect® external funding costs due to lower rates and volume. These decreases were partially offset by increases from timing-related loan workout costs and higher unfunded commitment reserves as a result of significant new originations.

Core noninterest expense increased $8.4 million, or 6%, compared to 1Q 2025. The increase was primarily driven by a $9.2 million increase in salaries and benefits, driven by the impact of lower incentive payments made in the first quarter of 2025, higher salaries due to annual merit-based increases, and higher medical costs. In addition, loan workout and other credit costs, including unfunded commitment reserves, increased $1.9 million. These increases were partially offset by a $3.3 million decrease in Cash Connect® external funding costs due to lower ATM volume and rates.

Our core efficiency ratio(10) was 58.0% in 1Q 2026, compared to 57.9% in 4Q 2025 and 59.0% in 1Q 2025, reflecting our focus on expense discipline while continuing to invest in the franchise.

Income Taxes

We recorded a $27.6 million income tax provision in 1Q 2026, compared to $24.5 million in 4Q 2025 and $21.1 million in 1Q 2025. These increases were primarily due to higher income before taxes.

The effective tax rate was 24.1% in 1Q 2026 compared to 25.2% in 4Q 2025 and 24.3% in 1Q 2025. The decrease in effective tax rate compared to 4Q 2025 is primarily due to increased federal income tax credits and lower nondeductible expenses.

Capital Management

As part of our annual capital planning process, the Board of Directors approved an 18% increase in the quarterly cash dividend to $0.20 per share of common stock and an incremental share repurchase authorization of 15% of outstanding shares as of March 31, 2026. The dividend will be paid on May 22, 2026 to stockholders of record as of May 8, 2026. As a result of the incremental authorization, WSFS has 10,123,977 shares, or approximately 19% of outstanding shares as of March 31, 2026, available for repurchase.

Capital ratios remain strong and are all substantially in excess of the “well-capitalized” regulatory benchmarks at March 31, 2026, with a Common Equity Tier 1 capital ratio and Tier 1 capital ratio of 13.91%, Tier 1 leverage ratio of 10.51%, and Total Risk-based capital ratio of 15.66%.

During 1Q 2026, WSFS repurchased 1,319,626 shares of common stock for an aggregate of $85.0 million and paid quarterly cash dividends of $9.0 million. Total capital returns to stockholders through share repurchases and quarterly dividends was $94.0 million.

WSFS’ total stockholders’ equity decreased $14.1 million, or less than 1%, during 1Q 2026. The decrease was primarily due to capital returns to stockholders and an increase in accumulated other comprehensive loss of $8.5 million, driven by market-value decreases on available-for-sale investment securities. These decreases were partially offset by quarterly earnings of $86.8 million.

WSFS’ tangible common equity(11) decreased $10.5 million, or 1% (not annualized), compared to December 31, 2025, primarily due to the reasons described above. WSFS’ common equity to assets ratio decreased 53bps to 12.32% during the quarter. Our tangible common equity to tangible assets ratio(11) decreased 37bps to 8.32% during the quarter.

At March 31, 2026, book value per share was $52.24, an increase of $0.97, or 2% (not annualized), from December 31, 2025, and tangible book value per share(11) was $33.71, an increase of $0.60, or 2% (not annualized), from December 31, 2025. Book value per share increased $5.93, or 13%, and tangible book value per share increased $4.46, or 15%, compared to 1Q 2025.

Selected Business Segments (included in previous results):

Wealth and Trust

The Wealth and Trust segment provides a broad array of planning and advisory services, investment management, trust services, credit and deposit products to individual, corporate, and institutional Clients.

Selected quarterly performance results and metrics are as follows:

(Dollars in millions, except where otherwise noted)

March 31, 2026

December 31, 2025

March 31, 2025

Net interest income

$

27.5

$

27.2

$

20.3

Provision for credit losses

1.2

1.0

0.8

Fee revenue(12)

50.0

46.2

39.9

Noninterest expense(12)

31.8

32.1

30.0

Pre-tax income

44.5

40.2

29.4

Performance Metrics

WSFS Institutional Services® and BMT of DE fee revenue

$

34.2

$

31.3

$

24.3

Private Wealth Management fee revenue

15.9

15.5

15.1

AUM/AUA (in billions)(13)

97.6

97.4

89.6

Wealth and Trust pre-tax income was $44.5 million, which increased $4.3 million, or 11% (not annualized), compared to 4Q 2025, driven by an increase in fee revenue of $3.9 million, or 8%.

The increase in fee revenue was due to higher assignment, custody, and paying agent fees across WSFS Institutional Services® as well as higher AUM-based fees in Private Wealth Management. Net interest income increased $0.3 million or 1% (not annualized), due to higher noninterest deposit balances in Trust.

Wealth and Trust pre-tax income increased $15.1 million, or 52%, compared to 1Q 2025, driven by increases in fee revenue of $10.2 million, or 25%, and net interest income of $7.2 million, or 36%. These increases were partially offset by an increase in noninterest expense of $1.9 million, or 6%.

The increase in fee revenue was driven by growth in WSFS Institutional Services® and BMT of DE, while the increase in net interest income was due to higher noninterest deposit balances in Trust. The increase in noninterest expense was primarily due to lower incentive payments made in the first quarter of 2025.

AUM/AUA increased by $0.2 billion to $97.6 billion at the end of 1Q 2026, as client inflows outpaced market depreciation and client spend.

Cash Connect®

Cash Connect® is a premier provider of ATM vault cash, smart safe and cash logistics services in the United States, servicing non-bank ATMs and smart safes nationwide and supporting ATMs for WSFS Bank Clients.

Selected quarterly financial results and metrics are as follows:

(Dollars in millions)

March 31, 2026

December 31, 2025

March 31, 2025

Net revenue(14)

$

19.6

$

20.7

$

21.5

Noninterest expense(15)

16.7

18.1

19.9

Pre-tax income

3.0

2.6

1.6

Performance Metrics

Average cash managed

$

1,251

$

1,292

$

1,407

Number of serviced non-bank ATMs and smart safes

35,338

35,958

38,214

Net profit margin

15.4

%

12.7

%

7.4

%

ROA

2.38

%

2.11

%

1.21

%

Cash Connect® net profit margin of 15.4% increased 267bps compared to 4Q 2025, and increased 799bps compared to 1Q 2025.

Pre-tax income of $3.0 million in 1Q 2026 increased $0.4 million, or 14% (not annualized), compared to 4Q 2025. Net revenue decreased $1.1 million and noninterest expense decreased $1.4 million compared to 4Q 2025, both driven by lower volume and lower interest rates.

Compared to 1Q 2025, pre-tax income increased $1.5 million, driven by the impact of lower interest rates (lower revenues were more than offset by lower expenses), pricing initiatives (increased revenues), and expense optimization, which more than offset overall ATM volume declines.

Cash Connect® continues to shift its business mix from traditional non-bank ATMs to higher margin products, such as smart safes, which have grown 14% year over year.

First Quarter 2026 Earnings Release Conference Call

Management will conduct a conference call to review 1Q 2026 results at 1:00 p.m. Eastern Time (ET) on Friday, April 24, 2026. Interested parties may access the conference call live on our Investor Relations website (https://investors.wsfsbank.com). For those who cannot access the live conference call, a replay will be accessible shortly after the event concludes through our Investor Relations website.

About WSFS Financial Corporation

WSFS Financial Corporation is a multibillion-dollar financial services company. Its primary subsidiary, WSFS Bank, is the oldest and largest locally headquartered bank and wealth management franchise in the Greater Philadelphia and Delaware region. As of March 31, 2026, WSFS Financial Corporation had $22.1 billion in assets on its balance sheet and $97.6 billion in assets under management and administration. WSFS operates from 114 offices, 87 of which are banking offices, located in Pennsylvania (58), Delaware (38), New Jersey (14), Florida (2), Nevada (1) and Virginia (1) and provides comprehensive financial services including commercial banking, consumer banking, treasury management, and trust and wealth management. Other subsidiaries or divisions include Arrow Land Transfer, Bryn Mawr Trust Advisors, LLC, Bryn Mawr Trust®, The Bryn Mawr Trust Company of Delaware, Cash Connect®, NewLane Finance®, WSFS Wealth® Management, LLC, WSFS Institutional Services®, and WSFS Mortgage®. Serving the Greater Delaware Valley since 1832, WSFS Bank is one of the ten oldest banks in the United States continuously operating under the same name. For more information, please visit www.wsfsbank.com.

Forward-Looking Statements

This press release contains estimates, predictions, opinions, projections and other "forward-looking statements" as that phrase is defined in the Private Securities Litigation Reform Act of 1995. Such statements include, without limitation, references to the Company's predictions or expectations of future business or financial performance as well as its goals and objectives for future operations, financial and business trends, business prospects, and management's outlook or expectations for earnings, revenues, expenses, capital levels, liquidity levels, asset quality or other future financial or business performance, strategies or expectations. The words “believe,” “expect,” “anticipate,” “plan,” “estimate,” “target,” “project” and similar expressions, among others, generally identify forward-looking statements. Such forward-looking statements are based on various assumptions (some of which may be beyond the Company's control) and are subject to risks and uncertainties (which change over time) and other factors which could cause actual results to differ materially from those currently anticipated. Such risks and uncertainties include, but are not limited to, difficult market conditions and unfavorable economic trends in the United States generally and in financial markets, particularly in the markets in which the Company operates and in which its loans are concentrated, including difficult and unfavorable conditions and trends related to housing markets, costs of living, unemployment levels, interest rates, supply chain issues, inflation, and economic growth; possible additional loan losses and impairment of the collectability of loans; the Company's level of nonperforming assets and the costs associated with resolving problem loans including litigation and other costs and complying with government-imposed foreclosure moratoriums; the credit risk associated with the substantial amount of commercial real estate, commercial and industrial, and construction and land development loans in the Company's loan portfolio; changes in market interest rates, which may increase funding costs and reduce earning asset yields and thus reduce margin; the impact of changes in interest rates and the credit quality and strength of underlying collateral and the effect of such changes on the market value of the Company's investment securities portfolio, which could impact market confidence in the Company's operations; the extensive federal and state regulation, supervision and examination governing almost every aspect of the Company's operations, and potential expenses associated with complying with such regulations; the Company's ability to comply with applicable capital and liquidity requirements, including its ability to generate liquidity internally or raise capital on favorable terms; the impacts related to or resulting from bank failures and other economic industry volatility, including potential increased regulatory requirements and costs and potential impacts to macroeconomic conditions; changes in trade, monetary and fiscal policies and stimulus programs, laws and regulations and other activities of governments, agencies, and similar organizations, and the uncertainty of the short- and long-term impacts of such changes; any impairments of the Company's goodwill or other intangible assets; the success of the Company's growth plans across our WSFS Bank, Cash Connect® and/or Wealth and Trust segments; the Company's ability to successfully integrate and fully realize the cost savings and other benefits of its acquisitions, manage risks related to business disruption following those acquisitions, and post-acquisition Client acceptance of the Company's products and services and related Client disintermediation; negative perceptions or publicity with respect to the Company generally and, in particular, the Company's Wealth and Trust business; failure of the financial and/or operational controls of the Company's Cash Connect® and/or Wealth and Trust segments; adverse judgments or other resolution of pending and future legal proceedings, and costs incurred in defending such proceedings; the Company's reliance on third parties for certain important functions, including the operation of its core systems, and any failures by such third parties; system failures or cybersecurity incidents or other breaches of the Company's network security, particularly given remote working arrangements; any actual or perceived failure or deficiency in the use of artificial intelligence by the Company or third-party vendors or service providers; the Company's ability to recruit and retain key Associates; the effects of weather, including climate change, and natural disasters such as floods, droughts, wind, tornadoes, wildfires and hurricanes as well as effects from geopolitical instability, armed conflicts, public health crises and man-made disasters including terrorist attacks; the effects of regional or national civil unrest (including any resulting branch or ATM closures or damage); possible changes in the speed of loan prepayments by the Company's Clients and loan origination or sales volumes; possible changes in market valuations and/or the speed of prepayments of mortgage-backed securities (MBS) due to changes in the interest rate environment, and the related acceleration of premium amortization on prepayments in the event that prepayments accelerate; regulatory limits on the Company's ability to receive dividends from its subsidiaries, and pay dividends to its stockholders; any reputation, credit, interest rate, market, operational, litigation, legal, liquidity, regulatory and compliance risk resulting from developments related to any of the risks discussed above; any compounding effects or unexpected interactions of the risks discussed above; and other risks and uncertainties, including those discussed in the Company's Annual Report on Form 10-K for the year ended December 31, 2025 under the heading “Risk Factors” and in other documents filed by the Company with the Securities and Exchange Commission from time to time.

The Company cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date they are made. The Company disclaims any duty to revise or update any forward-looking statement, whether written or oral, that may be made from time to time by or on behalf of the Company for any reason, except as specifically required by law. As used in this press release, the terms "WSFS," "the Company," "registrant," "we," "us," and "our" mean WSFS Financial Corporation and its subsidiaries, on a consolidated basis, unless the context indicates otherwise.

WSFS FINANCIAL CORPORATION

FINANCIAL HIGHLIGHTS

SUMMARY STATEMENTS OF INCOME (Unaudited)

  Three months ended

(Dollars in thousands, except per share data)

March 31, 2026

December 31, 2025

March 31, 2025

Interest income:

Interest and fees on loans

$

205,243

$

212,247

$

216,752

Interest on mortgage-backed securities

25,242

24,526

24,745

Interest and dividends on investment securities

2,171

2,170

2,186

Other interest income

16,553

18,256

7,195

249,209

257,199

250,878

Interest expense:

Interest on deposits

59,497

65,847

71,104

Interest on Federal Home Loan Bank advances

439

980

938

Interest on senior and subordinated debt

2,766

1,520

2,074

Interest on trust preferred borrowings

1,355

1,483

1,523

Interest on other borrowings

16

16

23

64,073

69,846

75,662

Net interest income

185,136

187,353

175,216

(Recovery of) provision for credit losses

(1,998

)

12,669

17,350

Net interest income after (recovery of) provision for credit losses

187,134

174,684

157,866

Noninterest income:

Credit/debit card and ATM income

15,066

16,804

18,743

Investment management and fiduciary revenue

49,127

45,127

39,281

Deposit service charges

6,877

6,972

6,753

Mortgage banking activities, net

2,361

2,127

1,800

Loan and lease fee income

2,002

2,084

1,465

Unrealized loss on equity investment, net

—

(4,057

)

—

Other income

14,682

15,464

12,855

90,115

84,521

80,897

Noninterest expense:

Salaries, benefits and other compensation

91,887

93,548

82,477

Occupancy expense

10,139

8,340

9,893

Equipment expense

13,272

13,501

12,728

Data processing and operations expense

5,011

5,195

4,695

Professional fees

4,118

5,420

4,698

Marketing expense

2,135

2,639

1,695

FDIC expenses

2,634

2,544

2,578

Loss on debt extinguishment

—

1,151

—

Loan workout and other credit costs

2,174

(696

)

240

Corporate development expense

57

55

59

Restructuring expense

2,796

(126

)

260

Other operating expenses

28,542

30,402

32,472

162,765

161,973

151,795

Income before taxes

114,484

97,232

86,968

Income tax provision

27,639

24,538

21,101

Net income

86,845

72,694

65,867

Less: Net income (loss) attributable to noncontrolling interest

18

16

(29

)

Net income attributable to WSFS

$

86,827

$

72,678

$

65,896

Diluted earnings per share of common stock:

$

1.64

$

1.34

$

1.12

Weighted average shares of common stock outstanding for fully diluted EPS

53,031,912

54,369,944

58,713,452

See “Notes”

WSFS FINANCIAL CORPORATION

FINANCIAL HIGHLIGHTS

SUMMARY STATEMENTS OF INCOME (Unaudited) - continued

  Three months ended

March 31, 2026

December 31, 2025

March 31, 2025

Performance Ratios:

Return on average assets (a)

1.61

%

1.33

%

1.29

%

Return on average equity (a)

12.71

10.51

10.13

Return on average tangible common equity (a)(o)

20.18

16.91

16.91

Net interest margin (a)(b)

3.83

3.83

3.88

Efficiency ratio (c)

59.0

59.5

59.2

Noninterest income as a percentage of total net revenue (b)

32.7

31.0

31.5

See “Notes”

WSFS FINANCIAL CORPORATION

FINANCIAL HIGHLIGHTS (Continued)

SUMMARY STATEMENTS OF FINANCIAL CONDITION (Unaudited)

  (Dollars in thousands)

March 31, 2026

December 31, 2025

March 31, 2025

Assets:

Cash and due from banks

$

2,067,824

$

1,326,339

$

693,830

Cash in non-owned ATMs

397,877

363,926

322,520

Investment securities, available-for-sale

3,581,894

3,542,246

3,548,077

Investment securities, held-to-maturity

958,219

968,331

1,006,410

Other investments

43,291

32,524

39,552

Net loans and leases (e)(f)(l)

13,153,815

13,143,600

12,975,323

Goodwill and intangibles

966,388

969,903

983,882

Other assets

937,607

967,207

979,356

Total assets

$

22,106,915

$

21,314,076

$

20,548,950

Liabilities and Stockholders’ Equity:

Noninterest-bearing deposits

$

6,371,522

$

5,576,598

$

4,947,049

Interest-bearing deposits

12,096,966

12,065,890

11,932,012

Total client deposits

18,468,488

17,642,488

16,879,061

Federal Home Loan Bank advances

—

—

51,040

Other borrowings

310,355

302,682

267,052

Other liabilities

614,031

640,831

690,588

Total liabilities

19,392,874

18,586,001

17,887,741

Stockholders’ equity of WSFS

2,724,493

2,738,545

2,671,614

Noncontrolling interest

(10,452

)

(10,470

)

(10,405

)

Total stockholders' equity

2,714,041

2,728,075

2,661,209

Total liabilities and stockholders' equity

$

22,106,915

$

21,314,076

$

20,548,950

Capital Ratios:

Equity to asset ratio

12.32

%

12.85

%

13.00

%

Tangible common equity to tangible asset ratio (o)

8.32

8.69

8.63

Common equity Tier 1 capital (required: 4.5%; well capitalized: 6.5%) (g)

13.91

13.92

14.10

Tier 1 leverage (required: 4.00%; well-capitalized: 5.00%) (g)

10.51

10.59

11.17

Tier 1 risk-based capital (required: 6.00%; well-capitalized: 8.00%) (g)

13.91

13.92

14.10

Total risk-based capital (required: 8.00%; well-capitalized: 10.00%) (g)

15.66

15.67

15.89

Asset Quality Indicators:

Nonperforming assets:

Nonaccruing loans (s)(n)

$

75,112

$

71,898

$

111,675

Assets acquired through foreclosure

12,717

200

5,204

Total nonperforming assets

$

87,829

$

72,098

$

116,879

Past due loans (h)(n)

$

12,029

$

22,416

$

11,866

Troubled loans (t)(n)

110,586

144,267

184,122

Allowance for credit losses

182,876

182,500

188,088

Ratio of nonperforming assets to total assets (n)

0.40

%

0.34

%

0.57

%

Ratio of allowance for credit losses to total loans and leases (p)

1.36

1.36

1.43

Ratio of allowance for credit losses to nonaccruing loans (n)

240

250

168

Ratio of quarterly net (recoveries) charge-offs to average gross loans (a)(e)(i)

(0.11

)

0.46

0.76

Ratio of year-to-date net (recoveries) charge-offs to average gross loans (a)(e)(i)

(0.11

)

0.45

0.76

See “Notes”

WSFS FINANCIAL CORPORATION

FINANCIAL HIGHLIGHTS (Continued)

AVERAGE BALANCE SHEET (Unaudited)

  (Dollars in thousands)

Three months ended

March 31, 2026

December 31, 2025

March 31, 2025

Average

Balance

Interest &

Dividends

Yield/

Rate

(a)(b)

Average

Balance

Interest &

Dividends

Yield/

Rate

(a)(b)

Average

Balance

Interest &

Dividends

Yield/

Rate

(a)(b)

Assets:

Interest-earning assets:

Loans: (e) (j)

Commercial loans

$

4,701,069

$

70,169

6.07

%

$

4,623,319

$

72,389

6.23

%

$

4,598,599

$

73,154

6.45

%

Commercial real estate loans (r)

4,968,948

76,339

6.23

4,916,393

79,765

6.44

4,881,873

79,095

6.57

Commercial leases

588,782

12,850

8.73

604,445

13,216

8.75

636,912

13,958

8.77

Residential mortgage

1,089,151

14,638

5.38

1,059,006

14,056

5.31

965,624

12,802

5.30

Consumer loans

1,871,601

29,847

6.47

1,896,878

31,498

6.59

2,061,803

36,649

7.21

Loans held for sale

66,760

1,400

8.50

69,230

1,323

7.58

50,929

1,094

8.71

Total loans and leases

13,286,311

205,243

6.27

13,169,271

212,247

6.40

13,195,740

216,752

6.67

Mortgage-backed securities (d)

4,191,264

25,242

2.41

4,136,381

24,526

2.37

4,179,692

24,745

2.37

Investment securities (d)

368,318

2,171

2.72

367,731

2,170

2.66

363,678

2,186

2.74

Other interest-earning assets

1,793,908

16,553

3.74

1,795,895

18,256

4.03

640,424

7,195

4.56

Total interest-earning assets

$

19,639,801

$

249,209

5.16

%

$

19,469,278

$

257,199

5.25

%

$

18,379,534

$

250,878

5.55

%

Allowance for credit losses

(184,109

)

(184,484

)

(196,480

)

Cash and due from banks

175,052

166,442

188,138

Cash in non-owned ATMs

351,909

347,883

379,115

Bank owned life insurance

37,289

36,946

36,202

Other noninterest-earning assets

1,855,211

1,861,713

1,947,736

Total assets

$

21,875,153

$

21,697,778

$

20,734,245

Liabilities and stockholders’ equity:

Interest-bearing liabilities:

Interest-bearing deposits:

Interest-bearing demand

$

2,828,403

$

6,055

0.87

%

$

2,861,099

$

7,163

0.99

%

$

2,854,258

$

7,343

1.04

%

Savings

1,395,028

1,163

0.34

1,413,087

1,652

0.46

1,457,440

1,596

0.44

Money market

5,817,813

36,876

2.57

5,708,666

38,871

2.70

5,432,622

41,033

3.06

Time deposits

1,962,289

15,403

3.18

2,047,200

18,158

3.52

2,112,467

21,132

4.06

Total interest-bearing client deposits

12,003,533

59,497

2.01

12,030,052

65,844

2.17

11,856,787

71,104

2.43

Brokered deposits

—

—

—

315

3

3.78

—

—

—

Total interest-bearing deposits

12,003,533

59,497

2.01

12,030,367

65,847

2.17

11,856,787

71,104

2.43

Federal Home Loan Bank advances

44,444

439

4.01

86,957

980

4.47

83,818

938

4.54

Trust preferred borrowings

91,055

1,355

6.04

91,001

1,483

6.47

90,854

1,523

6.80

Senior and subordinated debt

196,919

2,766

5.62

159,787

1,520

3.81

206,984

2,074

4.01

Other borrowed funds

21,868

16

0.30

20,846

16

0.30

31,701

23

0.29

Total interest-bearing liabilities

$

12,357,819

$

64,073

2.10

%

$

12,388,958

$

69,846

2.24

%

$

12,270,144

$

75,662

2.50

%

Noninterest-bearing demand deposits

6,105,690

5,955,352

5,040,032

Other noninterest-bearing liabilities

652,541

621,484

797,098

Stockholders’ equity of WSFS

2,769,574

2,742,480

2,637,354

Noncontrolling interest

(10,471

)

(10,496

)

(10,383

)

Total liabilities and equity

$

21,875,153

$

21,697,778

$

20,734,245

Excess of interest-earning assets over interest-bearing liabilities

$

7,281,982

$

7,080,320

$

6,109,390

Net interest and dividend income

$

185,136

$

187,353

$

175,216

Interest rate spread

3.06

%

3.01

%

3.05

%

Net interest margin

3.83

%

3.83

%

3.88

%

See “Notes”

WSFS FINANCIAL CORPORATION

FINANCIAL HIGHLIGHTS (Continued)

(Unaudited)

(Dollars in thousands, except per share data)

Three months ended

Stock Information:

March 31, 2026

December 31, 2025

March 31, 2025

Market price of common stock:

High

$71.32

$58.86

$59.43

Low

54.31

49.92

49.65

Close

65.46

55.24

51.87

Book value per share of common stock

52.24

51.27

46.31

Tangible common book value (TBV) per share of common stock (o)

33.71

33.11

29.25

Number of shares of common stock outstanding (000s)

52,149

53,410

57,693

Other Financial Data:

One-year repricing gap to total assets (k)

11.50%

8.37%

2.30%

Weighted average duration of the MBS portfolio

5.8 years

5.8 years

6.1 years

Unrealized losses on securities available for sale, net of taxes

$(385,270)

$(376,545)

$(467,752)

Number of Associates (FTEs) (m)

2,348

2,335

2,336

Number of offices (branches, LPO’s, operations centers, etc.)

114

113

115

Notes:

(a)

Annualized.

(b)

Computed on a fully tax-equivalent basis.

(c)

Noninterest expense divided by (tax-equivalent) net interest income and noninterest income.

(d)

Includes securities held-to-maturity (at amortized cost) and securities available-for-sale (at fair value).

(e)

Net of unearned income.

(f)

Net of allowance for credit losses.

(g)

Represents capital ratios of Wilmington Financial Corporation and subsidiaries. Capital Ratios for the current quarter are to be considered preliminary until the Call Reports are filed.

(h)

Accruing loans which are contractually past due 90 days or more as to principal or interest. Balance includes student loans, which are U.S. government guaranteed with little risk of credit loss.

(i)

Excludes loans held for sale and reverse mortgage loans.

(j)

Nonperforming loans are included in average balance computations.

(k)

The difference between projected amounts of interest-sensitive assets and interest-sensitive liabilities repricing within one year divided by total assets, based on a current interest rate scenario.

(l)

Includes loans held for sale and reverse mortgages.

(m)

Includes seasonal Associates, when applicable.

(n)

Includes loans held for sale.

(o)

The Company uses non-GAAP (United States Generally Accepted Accounting Principles) financial information in its analysis of the Company’s performance. The Company’s management believes that these non-GAAP financial measures provide a greater understanding of ongoing operations, enhance comparability of results of operations with prior periods and show the effects of significant gains and charges in the periods presented. The Company’s management believes that investors may use these non-GAAP financial measures to analyze the Company’s financial performance without the impact of unusual items or events that may obscure trends in the Company’s underlying performance. This non-GAAP data should be considered in addition to results prepared in accordance with GAAP, and is not a substitute for, or superior to, GAAP results. For a reconciliation of these and other non-GAAP financial measures to their most directly comparable GAAP measures, see "Non-GAAP Reconciliation" at the end of the press release.

(p)

Reflects allowance for credit losses on loans and leases over the amortized cost of the total portfolio.

(q)

Includes provision for credit losses, loan workout expenses, OREO expenses and other credit costs.

(r)

Includes commercial mortgage and commercial construction loans.

(s)

Includes nonaccruing troubled loans.

(t)

Represents loans modified in the form of principal forgiveness, interest rate reduction, an other-than-insignificant payment delay, or a term extension to borrowers experiencing financial difficulty.

WSFS FINANCIAL CORPORATION

FINANCIAL HIGHLIGHTS (Continued)

(Dollars in thousands, except per share data)

(Unaudited)

  Non-GAAP Reconciliation (o):

Three months ended

March 31, 2026

December 31, 2025

March 31, 2025

Net interest income (GAAP)

$

185,136

$

187,353

$

175,216

Core net interest income (non-GAAP)

185,136

187,353

175,216

Noninterest income (GAAP)

90,115

84,521

80,897

Plus: Unrealized loss on equity investments, net

—

(4,057

)

—

Plus: Visa derivative valuation adjustment

—

(1,500

)

—

Core fee revenue (non-GAAP)

$

90,115

$

90,078

$

80,897

Core net revenue (non-GAAP)

$

275,251

$

277,431

$

256,113

Core net revenue (non-GAAP)(tax-equivalent)

$

275,780

$

277,957

$

256,568

Noninterest expense (GAAP)

$

162,765

$

161,973

$

151,795

Less: Loss on debt extinguishment

—

1,151

—

Less: Corporate development expense

57

55

59

Less/(plus): Restructuring expense

2,796

(126

)

260

Core noninterest expense (non-GAAP)

$

159,912

$

160,893

$

151,476

Core efficiency ratio (non-GAAP)

58.0

%

57.9

%

59.0

%

Core fee revenue ratio (non-GAAP) (b)

32.7

%

32.4

%

31.5

%

End of period

March 31, 2026

December 31, 2025

March 31, 2025

Total assets (GAAP)

$

22,106,915

$

21,314,076

$

20,548,950

Less: Goodwill and other intangible assets

966,388

969,903

983,882

Total tangible assets (non-GAAP)

$

21,140,527

$

20,344,173

$

19,565,068

Total stockholders’ equity of WSFS (GAAP)

$

2,724,493

$

2,738,545

$

2,671,614

Less: Goodwill and other intangible assets

966,388

969,903

983,882

Total tangible common equity (non-GAAP)

$

1,758,105

$

1,768,642

$

1,687,732

Tangible common book value (TBV) per share:

Book value per share (GAAP)

$

52.24

$

51.27

$

46.31

Tangible common book value per share (non-GAAP)

33.71

33.11

29.25

Tangible common equity to tangible assets:

Equity to asset ratio (GAAP)

12.32

%

12.85

%

13.00

%

Tangible common equity to tangible assets ratio (non-GAAP)

8.32

8.69

8.63

Non-GAAP Reconciliation - continued (o):

Three months ended

March 31, 2026

December 31, 2025

March 31, 2025

GAAP net income attributable to WSFS

$

86,827

$

72,678

$

65,896

Plus/(less): Pre-tax adjustments: Unrealized loss on equity investments, net, Visa derivative valuation adjustment, loss on debt extinguishment, corporate development and restructuring expense

2,853

6,637

319

(Less)/plus: Tax impact of pre-tax adjustments

(639

)

(1,637

)

(78

)

Adjusted net income (non-GAAP) attributable to WSFS

$

89,041

$

77,678

$

66,137

GAAP return on average assets (ROA)

1.61

%

1.33

%

1.29

%

Plus/(less): Pre-tax adjustments: Unrealized loss on equity investments, net, Visa derivative valuation adjustment, loss on debt extinguishment, corporate development and restructuring expense

0.05

0.12

0.01

(Less)/plus: Tax impact of pre-tax adjustments

(0.01

)

(0.03

)

(0.01

)

Core ROA (non-GAAP)

1.65

%

1.42

%

1.29

%

Less: Impact of loan recovery (after-tax)

0.22

—

—

Core ROA excluding loan recovery (non-GAAP)

1.43

%

1.42

%

1.29

%

Earnings per share (diluted) (GAAP)

$

1.64

$

1.34

$

1.12

Plus/(less): Pre-tax adjustments: Unrealized loss on equity investments, net, Visa derivative valuation adjustment, loss on debt extinguishment, corporate development and restructuring expense

0.05

0.12

0.01

(Less)/plus: Tax impact of pre-tax adjustments

(0.01

)

(0.03

)

—

Core earnings per share (non-GAAP)

$

1.68

$

1.43

$

1.13

Less: Impact of loan recovery (after-tax)

0.23

—

—

Core EPS excluding loan recovery (non-GAAP)

$

1.45

$

1.43

$

1.13

Calculation of return on average tangible common equity:

GAAP net income attributable to WSFS

$

86,827

$

72,678

$

65,896

Plus: Tax effected amortization of intangible assets

2,778

2,782

2,945

Net tangible income (non-GAAP)

$

89,605

$

75,460

$

68,841

Average stockholders’ equity of WSFS

$

2,769,574

$

2,742,480

$

2,637,354

Less: Average goodwill and intangible assets

968,555

972,332

986,738

Net average tangible common equity

$

1,801,019

$

1,770,148

$

1,650,616

Return on average tangible common equity (non-GAAP)

20.18

%

16.91

%

16.91

%

Calculation of PPNR:

Net income (GAAP)

$

86,845

$

72,694

$

65,867

Plus: Income tax provision

27,639

24,538

21,101

(Less)/plus: (Recovery of) provision for credit losses

(1,998

)

12,669

17,350

PPNR (non-GAAP)

$

112,486

$

109,901

$

104,318

WSFS Financial (WSFS - Free Report) reported $275.25 million in revenue for the quarter ended March 2026, representing a year-over-year increase of 7.5%. EPS of $1.45 for the same period compares to $1.13 a year ago.

The reported revenue represents a surprise of +1.45% over the Zacks Consensus Estimate of $271.32 million. With the consensus EPS estimate being $1.48, the EPS surprise was -2.03%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how WSFS performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Efficiency Ratio: 59% versus 59.2% estimated by two analysts on average.Net Interest Margin: 3.8% versus the two-analyst average estimate of 3.8%.Common equity Tier 1 capital: 13.9% versus 14% estimated by two analysts on average.Net Interest Income: $185.14 million versus $183.14 million estimated by two analysts on average.Total Non-Interest Income: $90.12 million versus $88.18 million estimated by two analysts on average.Mortgage banking activities, net: $2.36 million versus $1.58 million estimated by two analysts on average.View all Key Company Metrics for WSFS here>>>

Shares of WSFS have returned +7% over the past month versus the Zacks S&P 500 composite's +9.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

92% report meeting or exceeding their expectations despite inflation and tariff concerns

WILMINGTON, Del.--(BUSINESS WIRE)--Small business owners and senior decision-makers in the Mid-Atlantic region are reporting strong resilience. Despite persistent inflation and tariff-related uncertainty, 92% say their businesses are currently meeting or exceeding their performance expectations. According to a new survey from WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), optimism is equally strong looking ahead, with 66% of respondents agreeing their businesses will grow over the next 12 months.

“Small business owners have proven to be skilled navigators of uncertainty, turning economic challenges into opportunities for refinement,” said Candice Caruso, Senior Vice President, Chief Business Banking Officer, WSFS Bank.

Share The survey, which polled 505 small business decision-makers, found larger organizations with 100 to 499 employees and newer organizations founded within the last five years to be the most confident, with 77% in each group expressing optimism for their next year of operations. More than half of all owners and decision-makers (52%) also expect revenue to increase over the coming year. These findings suggest that despite a volatile economic backdrop, small business owners are finding effective ways to sustain and build momentum.

“Small business owners have proven to be skilled navigators of uncertainty, turning economic challenges into opportunities for refinement,” said Candice Caruso, Senior Vice President, Chief Business Banking Officer, WSFS Bank. “At WSFS, we aim to meet businesses where they are. Whether they need assistance managing cash flow or seeking guidance to manage risk, we’re proud to provide the lending options and advisory support to help owners grow their businesses in any economic climate.”

Challenges Facing Small Businesses
Despite the overall positive outlook, economic uncertainty and inflation continue to weigh heavily on the small business community. Among leaders surveyed who reported negative impacts, 52% cited inflation as the primary driver of decreased performance, followed by the cost-of-living crisis (43%), tariff-related uncertainty (40%), and recession concerns (33%).

However, business owners are taking proactive steps to protect their cash flow. More than half (51%) have reduced non-essential spending, while 31% have shifted to lower-cost suppliers and 27% have renegotiated contracts with existing vendors. These strategic shifts and creative solutions for marketing and content creation reflect a broader pattern of pragmatic adaptability in the face of external pressures.

Banking Expectations and Partnership Satisfaction
The survey also explored what small business owners expect from their banking relationships. Overall satisfaction between small businesses and their banking partners remains high at 84%, though the data suggests that smaller, newer, and lower-revenue businesses may benefit from deeper banking relationships that provide additional expertise and resources to help them succeed.

"Our Associates are focused on helping business owners connect the dots from managing day-to-day financial needs to planning for long-term growth," Caruso said. "As a trusted advisor, we provide guidance that’s practical, personalized, and grounded in what each business is trying to achieve."

The Role of Artificial Intelligence (AI)
Technology plays an increasingly central role in how small businesses operate. Four in five (81%) respondents report using AI tools for at least one business function, with data analysis and information gathering (43%) and marketing and content creation (42%) emerging as the top use cases. Technology adoption is widespread for larger businesses with annual revenues above $250K integrating these tools at more advanced rates than their smaller counterparts, suggesting that resources and scale continue to shape how businesses embrace AI.

Survey Methodology
The survey was conducted by market research and insights agency Opinium. The sample includes a survey of 505 small business owners/decision-makers in the Mid-Atlantic region, with annual revenues of up to $5 million and a minimum of two employees. All respondents were over the age of 18. The online survey was conducted from March 18 – March 28th, 2026. It has a margin of error of +/- 4 percent.

Learn more about the survey at wsfsbank.com/smallbusinesssurvey.

About Opinium, Inc.
Opinium is an award-winning strategic market research and insights agency built on the belief that in a world of uncertainty and complexity, success depends on the ability to stay on pulse of what people think, feel and do. Creative and inquisitive, Opinium is passionate about empowering clients to make the decisions that matter. The company works with organizations to define and overcome strategic challenges – helping them to get to grips with the world in which their brands operate. Opinium uses the right approach and methodology to deliver robust insights, strategic counsel and targeted recommendations that generate change and positive outcomes.

About WSFS Financial Corporation
WSFS Financial Corporation is a multibillion-dollar financial services company. Its primary subsidiary, WSFS Bank, is the oldest and largest locally headquartered bank and wealth management franchise in the Greater Philadelphia and Delaware region. As of March 31, 2026, WSFS Financial Corporation had $22.1 billion in assets on its balance sheet and $97.6 billion in assets under management and administration. WSFS operates from 114 offices, 87 of which are banking offices, located in Pennsylvania (58), Delaware (38), New Jersey (14), Florida (2), Nevada (1) and Virginia (1) and provides comprehensive financial services including commercial banking, consumer banking, treasury management, and trust and wealth management. Other subsidiaries or divisions include Arrow Land Transfer, Bryn Mawr Trust Advisors, LLC, Bryn Mawr Trust®, The Bryn Mawr Trust Company of Delaware, Cash Connect®, NewLane Finance®, WSFS Wealth® Management, LLC, WSFS Institutional Services®, and WSFS Mortgage®. Serving the Greater Delaware Valley since 1832, WSFS Bank is one of the ten oldest banks in the United States continuously operating under the same name. For more information, please visit www.wsfsbank.com.

WILMINGTON, Del.--(BUSINESS WIRE)--WSFS Financial Corporation (Nasdaq: WSFS), the parent company of WSFS Bank, rang the Nasdaq Closing Bell on Tuesday, June 2, 2026, marking its 40th year listed as a publicly traded company on the exchange. The milestone, along with WSFS’ nearly 200-year history, highlights the growth, innovation, and service of the company.

“Reaching this milestone reflects both our financial strength and the deep relationships we’ve built with our Clients, Communities, and fellow Associates,” said WSFS Chairman, President, and Chief Executive Officer, Rodger Levenson.

To celebrate the occasion, Levenson rang the bell alongside a group of WSFS Associates, including those who have been with the organization for 40 years or more.

“A company is only as strong as the people who build it,” said Levenson. “Our Associates have helped us build the strong culture we rely on today and their dedication is the blueprint for our continued success.”

WSFS is the oldest and largest locally headquartered bank in the Greater Philadelphia and Delaware region.

Watch the ceremony at https://www.nasdaq.com/events/wsfs-financial-corporation-rings-closing-bell.

About WSFS Financial Corporation

WSFS Financial Corporation is a multibillion-dollar financial services company. Its primary subsidiary, WSFS Bank, is the oldest and largest locally headquartered bank and wealth management franchise in the Greater Philadelphia and Delaware region. As of March 31, 2026, WSFS Financial Corporation had $22.1 billion in assets on its balance sheet and $97.6 billion in assets under management and administration. WSFS operates from 114 offices, 87 of which are banking offices, located in Pennsylvania (58), Delaware (38), New Jersey (14), Florida (2), Nevada (1) and Virginia (1) and provides comprehensive financial services including commercial banking, consumer banking, treasury management, and trust and wealth management. Other subsidiaries or divisions include Arrow Land Transfer, Bryn Mawr Trust Advisors, LLC, Bryn Mawr Trust®, The Bryn Mawr Trust Company of Delaware, Cash Connect®, NewLane Finance®, WSFS Wealth® Management, LLC, WSFS Institutional Services®, and WSFS Mortgage®. Serving the Greater Delaware Valley since 1832, WSFS Bank is one of the ten oldest banks in the United States continuously operating under the same name. For more information, please visit www.wsfsbank.com.