Wsfs Finl Corp Stock Price, News & Analysis

WSFS Financial Corporation (Nasdaq: WSFS) announced the recognition of three associates, Steve Dunn, Cody Snyder, and Erik O’Neal, in the American Bankers Association’s Under 40 in Wealth Management awards. This marks the second consecutive year WSFS has had multiple winners, highlighting the firm's strong expertise in wealth management. Dunn is a financial advisor, Snyder is senior trust counsel, and O’Neal is an advisor at West Capital Management. They will be honored at the ABA’s virtual Wealth Management and Trust Conference on February 15-16, 2022.

WSFS Financial Corporation (Nasdaq: WSFS) will participate in the virtual D.A. Davidson Mid-Atlantic Bank Tour on November 17, 2021. Chairman and CEO Rodger Levenson and CFO Dominic C. Canuso will engage with investors. The company’s current Investor Presentation is accessible on its website. As of September 30, 2021, WSFS reported $15.4 billion in assets and $27.6 billion in assets under management. Operating 112 offices, WSFS Bank is the largest locally managed bank in Delaware and the Greater Philadelphia region.

WSFS Financial Corporation (Nasdaq: WSFS) will participate in the Piper Sandler East Coast Financial Services Conference on November 11, 2021, in Naples, Florida. Chairman Rodger Levenson and CFO Dominic C. Canuso will engage with investors. The company’s current Investor Presentation is available on their website. As of September 30, 2021, WSFS reported $15.4 billion in assets and $27.6 billion in assets under management. Operating with 112 offices, WSFS Bank has a long-standing history in the Delaware and Greater Philadelphia regions, providing comprehensive financial services since 1832.

WSFS Bank has promoted seven Associates to Senior Vice President (SVP) across various business lines. The newly appointed SVPs include James Boston (Real Estate Services), Robin Marandola (Commercial Loan Operations), Bernadette Powell (Fair and Responsible Banking), Theodore Quillen (Wealth Investments), Lisa Shaw (Business Strategy), Norman Smith (Senior Credit Officer), and Drew Walls (Business Banking). The bank emphasizes career development for its Associates and looks forward to their continued contributions. WSFS Financial Corporation has $15.4 billion in assets as of September 30, 2021.

WSFS Bank has launched a digital electronic payables solution to enhance its technology suite, aimed at simplifying accounts payable for Commercial Banking Customers. This integrated solution replaces traditional paper-based processes, allowing businesses to manage payments digitally, reducing errors, fraud risk, and processing costs. Customers can execute various payment formats, including checks, ACH, and virtual cards, potentially increasing revenue through card transactions. As of September 30, 2021, WSFS Financial Corporation had $15.4 billion in assets.

WSFS Bank, a subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), has launched its 18th Annual Fall Food Drive to address food insecurity in the Greater Philadelphia and Delaware regions. The drive will run until December 31, 2021, collecting nonperishable food items at various banking locations, aiming to exceed the 56,000 meals provided in 2020. With an estimated 42 million Americans facing food insecurity, WSFS is collaborating with local organizations to distribute the collected food. Additionally, WSFS is sponsoring the Camp Out for Hunger event to further support hunger relief efforts.

WSFS Financial Corporation (Nasdaq: WSFS) reported its 3Q 2021 financial results, showing a net income of $54.4 million, up from $51.1 million in 3Q 2020. However, net interest income declined to $104.5 million, an 8% decrease from the previous year. The Common Equity Tier 1 capital ratio improved to 14.59%. Despite a decrease in loan balances, customer deposits increased by 14% year-over-year, totaling $12.7 billion. The company is progressing with its acquisition of Bryn Mawr Bank Corporation, which is expected to boost growth opportunities.

WSFS Bank has appointed Shari Kruzinski as Executive Vice President and Chief Customer Officer, reporting to Rodger Levenson. Kruzinski will lead the bank's Customer division and oversee retail operations, ensuring customer needs are prioritized as the bank grows. She has over 30 years of banking experience, having started at WSFS in 1989. This leadership change follows Peggy Eddens' upcoming retirement after 14 years with the company. WSFS Financial Corporation has $15.1 billion in assets and serves the Greater Delaware Valley.