WSFS Financial Corporation reports recurring developments as the parent company of WSFS Bank, a regional financial services company with banking, cash logistics, and wealth and trust operations. Company news commonly covers quarterly earnings, loan and deposit trends, commercial and consumer banking activity, fee income from Wealth and Trust, and performance updates tied to Cash Connect and other subsidiaries or divisions.
Updates also include capital actions such as dividends, share repurchases and debt financing, as well as investor presentations, governance changes, technology leadership, and market-presence announcements in the Greater Philadelphia and Delaware region.
WSFS Financial (WSFS) introduced five Signature Banking Offices, a new branch concept combining WSFS Bank services with Bryn Mawr Trust wealth management.
The first offices will open in Greenville, Delaware; Ardmore, Bryn Mawr and Narberth, Pennsylvania; and Medford Lakes, New Jersey. The concept brings banking and wealth management teams together at one office to help clients plan, borrow, save and manage their wealth.
WSFS Financial (WSFS) expects to report its third quarter earnings at the end of business on October 22, 2026. Management will review the results on a conference call at 1:00 p.m. Eastern Time on October 23, 2026. The earnings release and supplemental materials will be available on the company’s investor relations website before the call, with a replay accessible shortly afterward.
WSFS Financial (WSFS) appointed Charles Mosher Chief Audit Executive and promoted Lisa Washington to Executive Vice President, effective October 6, 2026. Mosher, previously Interim Chief Auditor and formerly Chief Accounting Officer, will lead Internal Audit as Executive Vice President. He will report to Audit Committee Chair David Turner and CEO Rodger Levenson.
Michael Thompson was appointed Senior Vice President, Interim Chief Accounting Officer, succeeding Mosher and reporting to CFO David Burg. Washington retains her Chief Legal Officer and Corporate Secretary roles, continues leading the Legal department and advising the board and executive leadership team, and remains reporting to Chief Risk Officer Christine Davis.
WSFS Financial (WSFS) opened a new WSFS Bank and Bryn Mawr Trust office in Lancaster, Pennsylvania, expanding its regional wealth, private banking, and lending services.
The office at 201 Granite Run Drive, Suite 140, is led by Senior Vice President and Wealth Director David Stork. It will serve wealth clients and provide mortgage, middle market, private banking, and small business relationship management, with plans to hire additional team members.
WSFS Financial (NASDAQ: WSFS) received an affirmation from Kroll Bond Rating Agency (KBRA) of its A- senior unsecured debt rating, along with a BBB+ subordinated debt rating and K2 short-term rating. KBRA also maintained strong ratings for WSFS Bank, including A senior unsecured and deposit ratings, an A- subordinated debt rating, and K1 short-term debt and deposit ratings, with a stable outlook supported by earnings, liquidity, capital, and diversified revenue.
WSFS Financial (NASDAQ: WSFS) announced that Moody’s Investors Service has reaffirmed issuer ratings of Baa2 for both WSFS Financial and WSFS Bank and revised the outlook to positive from stable. According to WSFS, Moody’s change in outlook is driven by improved credit, sustained earnings and continued balance sheet strength, highlighting the resilience of the franchise and overall financial performance.
Moody’s also affirmed long- and short-term deposit ratings of A2/Prime-1 and a Baseline Credit Assessment of baa1. In addition, Moody’s assigned Counterparty Risk Assessments of A3(cr)/Prime-2(cr) and Counterparty Risk Ratings (local and foreign currency) of Baa1/Prime-2. WSFS management cited its diversified business model, disciplined risk management, solid capital levels, robust liquidity profile and low reliance on wholesale funding as supporting the positive outlook and investment-grade status.
WSFS Financial Corporation (NASDAQ: WSFS) announced that Morningstar DBRS confirmed its credit ratings, including a Long-Term Issuer Rating of “A (low)” for WSFS and an “A” rating for WSFS Bank, with Stable trends on all ratings.
Morningstar DBRS cited WSFS’ strong market position, diversified revenue, meaningful noninterest income, and a strong balance sheet with ample deposits and capital levels above peers. The Bank’s Intrinsic Assessment is “a” with Support Assessment SA1, while the Company’s Support Assessment is SA3 and its Long-Term Issuer Rating is one notch below the Bank’s IA.
WSFS Bank (Nasdaq: WSFS) released findings from its 2026 Money Trends survey of 1,022 consumers in the Greater Philadelphia and Delaware region, showing a shift toward more intentional financial behavior.
According to WSFS Bank, 39% of respondents report spending less than a year ago, mainly cutting discretionary categories such as restaurants (38%), travel and vacations (35%), online shopping (33%), and entertainment (32%). Among the 32% spending more, increases are concentrated in essentials like groceries (67%), utilities (55%), transportation (44%), and housing (44%).
The survey also shows widespread adoption of digital tools: 73% regularly use payment apps such as Venmo and Zelle, 64% use digital wallets, and 47% still use cash/check. Top strategies to protect financial health include avoiding loans (30%), cutting non-essential spending (28%), and reducing credit use or debt (25%). However, 16–24% of respondents are unfamiliar with key savings products like high-yield money market and savings accounts, money market accounts, and certificates of deposit, signaling an education opportunity for financial institutions.
WSFS (Nasdaq: WSFS) reported 2Q 2026 diluted EPS of $1.63, net income attributable to WSFS of $84.4 million, ROA of 1.52% and ROE of 12.4%. Total net revenue was $282.5 million, including net interest income of $192.5 million and fee revenue of $90.0 million, with PPNR of $116.2 million.
Client deposits reached $19.0 billion, up 3% quarter-over-quarter and 11% year-over-year, with noninterest demand deposits rising to 37% of deposits. Gross loans and leases were $13.5 billion, up 1% sequentially and 3% year-over-year. Wealth and Trust fees grew 17% year-over-year as fiduciary assets surpassed $100 billion.
Asset quality improved, with problem assets falling to $472.9 million and nonperforming assets to $81.0 million. Net interest margin was 3.87%. WSFS returned capital via $66.2 million in share repurchases (1.8% of shares) and $10.4 million in dividends in the quarter.
WSFS Financial (Nasdaq: WSFS) will release its second quarter 2026 earnings after business close on Thursday, July 23, 2026. Management will host a conference call on Friday, July 24, 2026 at 1:00 p.m. ET, accessible via the company’s investor relations website.