Wsfs Finl Corp Stock Price, News & Analysis

WSFS Financial Corporation (NASDAQ: WSFS) has received its first-time credit ratings from Morningstar DBRS, with the parent company receiving an "A (low)" rating and its subsidiary WSFS Bank receiving an "A" rating, both with stable outlooks.

The ratings agency highlighted WSFS's strong balance sheet, established market presence, and significant stable fee revenue from diverse business lines. The bank maintains ample deposit funding and higher-than-peer capital levels. CFO David Burg noted that this new rating complements existing investment-grade ratings from Moody's and Kroll, supporting continued growth and new revenue opportunities in their Wealth and Trust business.

WSFS Bank (Nasdaq: WSFS) has renewed its long-term lease with Buccini Pollin Group for its office at 500 Delaware Avenue in Wilmington. The bank, which has occupied the WSFS Bank Center since 2006, currently utilizes over 74,000 square feet of space with nearly 300 Associates working in the location.

The renewal includes plans for office space renovation focused on collaboration and connection, complementing recent building amenities like a 24/7 fitness center, clubroom with grab-and-go market, conference center, and The BlueBird Café. This commitment reinforces WSFS's 190-year presence in Wilmington and demonstrates its ongoing investment in the city's business community.

WSFS Financial Corporation (Nasdaq: WSFS) reported strong Q2 2025 financial results with earnings per share of $1.27 and a return on assets of 1.39%. The bank achieved a robust net interest margin of 3.89% and demonstrated significant fee revenue growth of 9%. Key performance metrics include net income of $72.3 million and total net revenue of $267.5 million.

Notable achievements include a 6% annualized increase in client deposits, driven by Trust business growth, and strong performance in fee-based businesses, particularly in Wealth and Trust, WSFS Mortgage, Capital Markets, and Banking segments. The company returned $87.3 million to shareholders through share repurchases and dividends, including repurchasing 1,556,199 shares at an average price of $49.93.

The bank maintained strong asset quality with stable problem assets and a decrease in nonperforming assets. The loan-to-deposit ratio stood at 76%, providing capacity for future loan growth.

["Core EPS increased to $1.27 from $1.13 in previous quarter","Fee revenue grew 9% quarter-over-quarter","Net interest margin improved to 3.89%","Client deposits increased 6% annualized","$87.3 million returned to shareholders through buybacks and dividends","Noninterest demand deposits increased 11% year-over-year"]

WSFS Financial Corporation (NASDAQ: WSFS) has received a reaffirmation of its A- senior unsecured debt rating from Kroll Bond Rating Agency (KBRA), marking its tenth consecutive year of investment-grade ratings. The rating agency also affirmed other key ratings, including BBB+ for subordinated debt and K2 for short-term debt.

KBRA's assessment highlights WSFS's strengths, including its diversified revenue model, particularly in wealth and trust divisions, strong market position with the largest deposit share among local banks, and consistent profitability supported by favorable fee income trends and healthy net interest margins. The rating agency also noted the bank's sound underwriting practices and economically diverse markets.

WSFS Financial Corporation (Nasdaq: WSFS) has scheduled its second quarter 2025 earnings release for Thursday, July 24, 2025 after market close. The company will host a conference call to discuss the results on Friday, July 25, 2025, at 1:00 p.m. ET.

Investors can access the conference call through investors.wsfsbank.com. The earnings release and supplemental materials will be available on the company's Investor Relations website before the call. Participants are encouraged to log in 15 minutes early, and a replay will be available after the event.

WSFS Bank (Nasdaq: WSFS) has appointed Frank McGrane as Executive Vice President and Chief Credit Officer (CCO), reporting to Christine Davis, Executive Vice President, Chief Risk Officer. McGrane, who previously served as Deputy Chief Credit Officer, succeeds retiring Liam Brickley.

In his new role, McGrane will oversee WSFS Bank's commercial, consumer, and other credit exposures, along with loan policies and procedures. He brings nearly 40 years of banking experience in middle market and corporate relationship management, with previous positions at Citizens Bank, Mellon Bank, Chemical Bank New Jersey, and Irving Trust Company.

WSFS Bank announced that three generations of its CEOs - current CEO Rodger Levenson, and former CEOs Mark Turner and Marvin 'Skip' Schoenhals - will participate in the 2025 Wharton Leadership Conference. The discussion will focus on WSFS Bank's successful CEO succession strategy since 1990 and its transformation from a savings and loan institution to a diversified financial services company. The leadership panel, moderated by Jeff Klein of the McNulty Leadership Program, will take place on June 18 at the University of Pennsylvania's Huntsman Hall, where they will share insights on building resilient teams and overcoming challenges. WSFS Bank, with its nearly 200-year history, has maintained its core values of service, truth, and respect throughout its evolution.

WSFS Bank (Nasdaq: WSFS) has appointed Allan Matyger as Executive Vice President and Chief Information Officer (CIO). Matyger, who previously served as Interim CIO and Senior Vice President and Chief Technology Officer for Cash Connect (a WSFS Bank division), will report to Executive Vice President and COO Arthur Bacci.

In his new role, Matyger will be responsible for aligning IT strategy with business objectives, providing strategic direction on IT investments, and leading digital transformation initiatives. He brings nearly 25 years of experience with the company, having joined Cash Connect in 2001. During his tenure at Cash Connect, a leading national provider of ATM cash management and remote cash capture solutions, Matyger demonstrated success in advancing operational excellence and implementing innovative strategies.

WSFS Bank has appointed Rebecca Seeman as Senior Vice President, Chief Operating Officer of Consumer Banking. Reporting to Shari Kruzinski, Executive Vice President and Chief Consumer Banking Officer, Seeman will be responsible for:

• Sales enablement
• Product management and application strategy
• Consumer finance
• Business insights

Seeman brings nearly 20 years of banking experience to the role, with a diverse background in:

• Consumer banking
• Strategic planning
• Client and associate experience
• Change management

Her career progression includes starting in branch network operations before advancing to roles in finance, project management, and corporate strategy. Most recently, she served as Head of US Retail Change Management, Customer and Colleague Experience at TD Bank. The appointment aligns with WSFS Bank's mission of "We Stand for Service" and reinforces their commitment to exceptional client service.