Wsfs Finl Corp Stock Price, News & Analysis

WSFS Financial Corporation announced the appointment of Christine E. Davis as Executive Vice President, Chief Risk Officer, succeeding Michael Reed, who returns to Covington & Burling, LLP. With over 20 years at WSFS, Davis will lead all risk management functions. John E. Kveragas, Jr. has been named Senior Vice President, Chief Auditor, bringing 20 years of auditing experience. The changes reflect WSFS's commitment to executive succession planning and talent development within the company.

WSFS Financial Corporation has appointed Stephanie Saint-Cyr as the new Senior Vice President and Director of Wealth Advisory Services in Princeton, N.J. She will report to Jennifer Dempsey Fox, President of Bryn Mawr Trust Wealth Management. Saint-Cyr, a seasoned professional with over two decades of experience, will lead wealth advisors and enhance client relationships. With $15.8 billion in assets and $34.6 billion in assets under management, WSFS continues to solidify its position in the financial services sector.

WSFS Financial Corporation (Nasdaq: WSFS) will participate in the 2022 KBW Winter Financial Services Symposium on February 17, 2022, in Boca Raton, Florida. The event will feature discussions led by Rodger Levenson, Chairman, President, and CEO, along with Dominic C. Canuso, CFO. Investors can access the current Investor Presentation through the Investor Relations section of WSFS’ website. As of December 31, 2021, WSFS Financial had $15.8 billion in assets and $34.6 billion in assets under management, operating from 112 offices in the Greater Delaware Valley.

On February 1, 2022, WSFS Bank announced the promotion of three Associates within its Commercial, Small Business, and Retail Lending divisions. Jim Wechsler becomes Senior Vice President and COO of Commercial Banking, bringing over 11 years of experience at WSFS. Candice Caruso is now Senior Vice President and Chief Retail Lending Officer, responsible for Consumer Lending and fintech partnerships. Anthony Ryan takes on the role of Senior Vice President, leading Small Business Operations and Retail Loan Servicing. WSFS focuses on Associate growth and strategic operations.

WSFS Bank's CARES Foundation donated over $2 million in grants to 349 organizations across Delaware, New Jersey, and Pennsylvania in 2021. This philanthropic effort aims to enhance community opportunities through several key areas: community investments, affordable housing, and education. Notable beneficiaries include organizations like Good Neighbors Home Repair and UrbanPromise, emphasizing the Foundation's commitment to community support and development. WSFS Bank, founded in 1832, continues its legacy as a leading financial institution in the region.

WSFS Financial Corporation (Nasdaq: WSFS) reported its fourth quarter 2021 financial results, showing net income of $56.3 million and earnings per share of $1.18. Net interest income was $108.2 million, down from $123.0 million year-over-year. Core fee revenue increased to $46.0 million, reflecting a strong performance in fee-generating businesses. The company received final regulatory approval for its acquisition of Bryn Mawr Trust, which closed on January 1, 2022, and is expected to enhance market position. Net loan and lease portfolio decreased by $91 million from the prior quarter.

WSFS Institutional Services®, a division of WSFS Bank, has climbed to the fourth position as a trustee for U.S. Asset and Mortgage-Backed Securities in 2021, increasing its market share from 6.3% to 10.3%, a significant 64% rise. The issuance volume surged by 156% compared to the previous year. Key services include trustee and agent roles in asset-backed securities and corporate debt. WSFS is committed to enhancing its offerings through advanced technology like eVault, solidifying its growth strategy in the financial services sector.

WSFS Bank has announced the promotions of three Associates: Robert Eastwood as Senior Vice President, Chief Information Security Officer; Jeremy Shackleford as Senior Vice President, Director of Small Business Sales; and Carolyn Urbanovich as Vice President, Regional Manager for the Greater Philadelphia Market. These promotions reflect WSFS's commitment to professional development. Eastwood will enhance cybersecurity efforts, Shackleford will boost small business sales, and Urbanovich will oversee retail operations in Philadelphia. WSFS Financial Corporation boasts $15.4 billion in assets.