Wsfs Finl Corp Stock Price, News & Analysis

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.

WSFS Financial reported strong Q1 2025 financial results with earnings per share of $1.12 and a return on assets of 1.29%. The company's net interest margin expanded to 3.88%, up 8 basis points from the previous quarter. Total net revenue reached $256.1 million, with fee revenue contributing 31.5%.

Key highlights include a 19% year-over-year growth in Wealth and Trust fee revenue and stable credit metrics. The Board approved a 13% increase in quarterly dividend to $0.17 per share and authorized an additional 10% share repurchase program. During Q1, WSFS repurchased 1,027,214 shares at an average price of $52.37, totaling $53.8 million.

The loan portfolio showed minimal change with a 1% decrease to $13.16 billion, while total client deposits decreased by 1% to $16.88 billion. The company maintained a strong core deposit base with 88% in core deposits and a loan-to-deposit ratio of 77%.

WSFS Bank (Nasdaq: WSFS) has appointed Kate McGlinchey as Senior Vice President, Chief Compliance Officer. Reporting to Executive Vice President and Chief Risk Officer Christine Davis, McGlinchey will oversee the bank's Compliance Management, Fraud, Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) programs.

McGlinchey brings over 20 years of experience in regulatory compliance, financial crimes, and risk management, having previously held senior positions at TD, Capital One, ING Direct, and First Citizens Bank. She holds a Certified Regulatory Compliance Manager (CRCM) designation and Enterprise Risk Management certification from the University of Maryland's Robert H. Smith School of Business.

WSFS Financial (Nasdaq: WSFS) has scheduled its first quarter 2025 earnings release and conference call. The company will publish its Q1 2025 earnings results after market close on Thursday, April 24, 2025. A conference call to discuss the results will be held the following day on Friday, April 25, 2025 at 1:00 p.m. Eastern Time.

Investors can access the conference call live through investors.wsfsbank.com and can register in advance for the event. The earnings release and supplemental materials will be available in the Investor Relations section before the call. Participants are recommended to log in 15 minutes early, and a replay will be available after the event.

WSFS Financial (Nasdaq: WSFS) through its WSFS CARES Foundation provided over $2.7 million in charitable grants to 323 community organizations across Delaware, New Jersey and Pennsylvania in 2024. The foundation's Team WSFS contributed 33,000 volunteer hours, including 6,000 hours during their second annual 'We Stand for Service Day' involving 1,600 Associates.

Notable grants included a $300,000 contribution to TeenSHARP, a nonprofit helping Black, Latino, and low-income students attend top colleges. The foundation also supported Camden Shipyard & Maritime Museum's carpentry pre-apprenticeship program and Cristo Rey Philadelphia High School's Work-Study program. The CARES Foundation focuses on community investments, affordable housing, business economic empowerment, education, and strengthening those in need.

WSFS Financial (NASDAQ: WSFS) has announced the call of $70 million fixed-to-floating rate subordinated notes due 2027, which were previously acquired from Bryn Mawr Trust. The company utilized its operating cash flows to repay these 2027 Notes.

According to David Burg, WSFS' Executive Vice President and Chief Financial Officer, the company's robust capital and liquidity positions enabled them to pay off liabilities with higher funding costs, aligning with their balance sheet strategy of optimizing debt and collateral.

WSFS Bank (Nasdaq: WSFS) has announced a strategic partnership with Greenlight Financial Technology to enhance financial literacy among young people. Through this collaboration, WSFS Bank clients will receive complimentary access to Greenlight's family finance app, which provides hands-on financial experience for kids and teens.

The partnership integrates Greenlight's debit card and app solution, which is currently used by over six million families. The platform offers features including parental supervision, allowance automation, chore management, spending controls, and real-time transaction notifications. Additionally, children can access Greenlight Level Up™, an in-app financial literacy game featuring educational challenges and rewards.

This initiative aligns with WSFS Bank's mission of empowering clients to make informed financial choices, extending their commitment to financial education beyond their existing community teaching programs.

WSFS Bank, subsidiary of WSFS Financial (Nasdaq: WSFS), has appointed Chris Ballard as Senior Vice President, Director of Total Rewards. Ballard will report to Lisa Brubaker, Executive Vice President and Chief Human Resources Officer, and will be responsible for developing and implementing comprehensive total rewards strategy while overseeing compensation, benefits and wellbeing, payroll, and HRIS functions.

Ballard brings nearly 20 years of Human Resources experience, including 15 years at UGI , where he most recently served as Vice President of Total Rewards and HR Services. He holds a B.A. in Business Administration with a minor in Human Resources Management from Gwynedd Mercy University.

WSFS Bank has announced its 2025 Down Payment Grant Program with a $1.5 million commitment to support homeownership accessibility. The program, which has provided over $4 million in grants since its inception three years ago, offers qualified borrowers up to $5,000 in down payment and/or closing costs assistance.

Key features include no required repayment for grant funds, flexible guidelines, homebuyer education programs, and the ability to combine with other programs like the WSFS Neighborhood Opportunity Program. Eligibility requires household income at or below 100% of the Area Median Income (AMI) and property location in Majority-Minority Census Tracts within specified counties in the Greater Philadelphia and Delaware region.