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.
| (2) As used in this press release, core EPS, core ROA, core EPS excluding loan recovery, and core ROA excluding loan recovery are non-GAAP financial measures. These non-GAAP financial measures exclude certain pre-tax adjustments and the tax impact of such adjustments. For a reconciliation of non-GAAP financial measures to their most directly comparable GAAP measures, see “Non-GAAP Reconciliation” at the end of the press release. |
| (3) 1Q 2026 repurchases represent 2.5% of outstanding shares as of December 31, 2025. |
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%).
| (4) Includes owner-occupied real estate. |
| (5) Includes Business Banking and Small Business Administration (SBA) loans |
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.
| (6) Includes noninterest demand, interest-bearing demand, and savings deposit accounts. |
| (7) Ratio of net loans and leases to total client deposits. |
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%.
| (8) Problem assets includes all criticized, classified, and nonperforming loans as well as other real estate owned (OREO). |
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.
| (9) As used in this press release, core fee revenue and core fee revenue ratio are non-GAAP financial measures. These non-GAAP financial measures exclude certain pre-tax adjustments and the tax impact of such adjustments. 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. |
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.
| (10) As used in this press release, core noninterest expense and core efficiency ratio are non-GAAP financial measures. These non-GAAP financial measures exclude certain pre-tax adjustments and the tax impact of such adjustments. 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. |
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.
| (11) As used in this press release, tangible common equity, tangible common equity to tangible assets ratio, and tangible book value per share are non-GAAP financial measures. These non-GAAP financial measures exclude goodwill and intangible assets and the related tax-effected amortization. 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. |
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.
| (12) Includes intercompany allocation of revenue and expense. |
| (13) Represents Assets Under Management and Assets Under Administration, in billions. |
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.
| (14) Includes intercompany allocation of income and net interest income. |
| (15) Includes intercompany allocation of expense. |
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.
