WSFS Research | Milton Maxwell

WSFS

WSFS Financial Corporation

57.25

-0.81-1.4%

Dec 16, 4:00:00 PM EST

Upcoming Earnings

Report date

≈ -/-

Earnings Call Transcripts

This Quarter (Q1 '26)

No earnings call transcript available yet

Last Quarter (Q4 '25)

FY Q4 '25

Q&A details growth drivers, margins

1/26/26Jan 26, 2026

Q&A added helpful color to prepared outlook without contradictions, explaining Q4 commercial loan surge from pent-up demand post-tax bill clarity and prior uncertainty, with pipeline momentum into 2026 but not every quarter explosive. Cash Connect faces $2.5M revenue hit per 25bp cut, offset by margin gains from Smart Safes (now 33% units), pricing, and expense tweaks. Buybacks target roughly 100% of net income, flexing for opportunities or stress around CET1 and TCE. Ongoing 'relook' evaluates niche units; M&A open if it bolsters Philly/DE footprint. They plan buybacks at 100% of earnings. Tone stayed confident; watch commercial unevenness and deposit betas.

Key Stats

Market Cap

3.20B

P/E (TTM)

11.85

Basic EPS (TTM)

4.83

Dividend Yield

0.01%

Recent Filings

8-K

WSFS closes $200M notes offering

12/11/25Dec 11, 2025

WSFS Financial completed a $200 million public offering of 5.375% fixed-to-floating rate senior unsecured notes due 2035 on December 11, 2025. Net proceeds will repay $150 million of its 2.75% notes due 2030 and fund general corporate purposes. Fixed rate holds through 2030; then floats off Three-Month Term SOFR plus 189 bps. Notes are redeemable from December 15, 2030, at par.

8-K

Launches $150M notes offering

12/9/25Dec 9, 2025

WSFS Financial Corporation launched a $150 million SEC-registered offering of fixed-to-floating rate senior unsecured notes due 2035, fixed for five years then floating on 3-month Term SOFR, redeemable after five years. Proceeds will redeem its 2.75% notes due 2030 and fund general corporate purposes. Strong balance sheet supports growth.

8-K

WSFS Q3 investor update

12/4/25Dec 4, 2025

WSFS Financial released its fixed income investor presentation on December 4, 2025, highlighting $20.8B assets, core ROA of 1.39% YTD'25, and NIM expansion to 3.91% in 3Q25. Fee revenue hit 32% of core net revenue, fueled by 16% Wealth & Trust growth, while CET1 stands at 14.39% with $8B liquidity capacity. Capital ratios exceed well-capitalized thresholds.

10-Q

Q3 FY2025 results

11/4/25Nov 4, 2025

WSFS posted Q3 net income of $76.4M, up 19% y/y, with diluted EPS $1.37 versus $1.08—share count drop aided the lift. Net interest income climbed $6.5M to $184.0M on deposit repricing and funding cuts, lifting NIM to 3.91% from 3.78%; provision plunged 64% to $6.6M amid asset quality wins. Wealth fees surged double-digits, offsetting Cash Connect® softness from rate drops. Cash swelled to $1.6B, debt trimmed with $70M sub notes redeemed; repurchased $180M in shares. Non-GAAP metrics not disclosed in the 10-Q. CRE loans pose ongoing watch.

8-K

Q3 EPS $1.37, quality improves

10/23/25Oct 23, 2025

WSFS posted Q3 EPS of $1.37, up 27% YoY, with ROA at 1.44% and NIM steady at 3.91%. Provision plunged to $6.6M from $18.4M YoY amid sharp asset quality gains from large NPL resolutions. Deposits grew 2% annualized; repurchased 827k shares for $46.8M. Capital returns accelerate.

About

WSFS Financial Corporation operates as the savings and loan holding company for the Wilmington Savings Fund Society, FSB that provides various banking services in the United States. It operates through WSFS Bank, Cash Connect, and Wealth Management segments. It offers various deposit products, including savings accounts, demand deposits, interest-bearing demand deposits, money market deposit accounts, and certificates of deposit, as well as accepts jumbo certificates of deposit from individuals, businesses, and municipalities. The company also provides various loans, which comprise fixed and adjustable rate residential loans; commercial mortgage and commercial loans; commercial construction loans; commercial loans for working capital, financing equipment and real estate acquisitions, business expansion and other business purposes; and consumer credit products, such as home equity loans, home equity lines of credit, automobile loans, unsecured lines of credit, and other secured and unsecured personal installment loans. In addition, it offers insurance products; planning and advisory services, investment management, trust services, and credit and deposit products to individual, corporate and institutional clients; retail securities and insurance brokerage services; mortgage and title services; residential mortgage and refinancing solutions; and leases small equipment and fixed assets, as well as provides financial planning, customized investment strategies, brokerage products, fiduciary, and wealth management services. Further, the company provides ATM vault cash, smart safe, and other cash logistics services; and online reporting and ATM cash management, predictive cash ordering and reconcilement services, armored carrier management, loss protection, and deposit safe cash logistics services, as well as trustee, agency, bankruptcy administration, custodial and commercial domicile services. The company was founded in 1832 and is headquartered in Wilmington, Delaware.

CEO

Mr. Rodger Levenson

IPO

11/26/1986

Website

https://www.wsfsbank.com

Employees

2,338

Sector

Financial Services

Industry

Banks - Regional