Welcome to our dedicated page for WSFS Financial news (Ticker: $WSFS), a resource for investors and traders seeking the latest updates and insights on WSFS Financial stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect WSFS Financial's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of WSFS Financial's position in the market.
News
Rhea-AI Summary
WSFS Financial Corporation (Nasdaq: WSFS) will participate in the 2024 KBW Winter Financial Services Conference on February 15, 2024, in Boca Raton, Florida. Rodger Levenson, WSFS’ Chairman, President and CEO, and Arthur J. Bacci, Executive VP, will host discussions with investors. WSFS will present its current Investor Presentation available on the Investor Relations section of WSFS’ website.
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1.37%
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WSFS Bank's charitable arm, the WSFS CARES Foundation, provided over $2.7 million in grants and donations to 390 community organizations in Delaware, New Jersey, and Pennsylvania in 2023. Additionally, WSFS made a $2.0 million contribution to the foundation to support future investments in its communities. Team WSFS volunteered over 18,000 hours in 2023, with a focus on key pillars such as community investments, affordable housing, revitalization, business economic empowerment, education, and strengthening those in need. The foundation's impact was felt by organizations like Philadelphia Academies, Inc., Cathedral Kitchen, and Sunday Breakfast Mission, among others.
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-2.39%
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WSFS Financial Corporation (Nasdaq: WSFS) announced its financial results for the fourth quarter of 2023. Net interest income decreased to $178.1 million, while fee revenue increased to $87.2 million. Total net revenue was $265.3 million, with a net income of $63.9 million. Core EPS was $1.15 and core ROA was 1.36%. Customer deposits increased by $525.1 million, and total customer deposits were $16.422 billion. Total net credit costs were $25.4 million, and the ACL coverage ratio was 1.35%. WSFS repurchased 241,000 shares of common stock, totaling $9.5 million.
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1.41%
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WSFS Bank, a subsidiary of WSFS Financial Corporation, has hired Nara Lilly as Senior Vice President, Privacy Officer. In her role, Lilly will promote a culture of confidentiality and ethical data use, maintain expertise in privacy laws, identify trends in data privacy, advise on privacy risks, and develop a compliance infrastructure to safeguard stakeholders. She brings nearly 20 years of experience, having worked at NIST and implemented privacy technologies at an enterprise level. Prior to joining WSFS, Lilly worked at RD Station and Méliuz S/A, leading data privacy compliance initiatives and risk evaluations. She holds a law degree, completed post-graduate studies in Data Science and Big Data Analytics, and is pursuing post-graduate studies in Information Security. She is ISO certified as a lead implementer for privacy and compliance management systems.
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0.09%
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WSFS Financial Corporation (Nasdaq: WSFS) will announce its Q4 and full-year earnings on January 25, 2024, with a conference call scheduled for January 26, 2024, at 1:00 p.m. ET. Interested parties can register in advance or access the call live at investors.wsfsbank.com. Earnings release and supplemental materials will be available on the company's website.
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-0.09%
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WSFS Financial Corporation (Nasdaq: WSFS) celebrates the Grand Opening of its banking office and Wiss Fiss Lounge in Philadelphia, marking another chapter in the Bank’s commitment to the city. The new office, located at WSFS’ Philadelphia headquarters at 1818 WSFS Bank Place on Market Street, includes meeting spaces, a full-service ATM, and a modern banking environment. The Wiss Fiss Lounge will provide a space for building tenants, visitors, and the community to meet and host special events, with access to quick-serve food and beverage options. In addition, the WSFS CARES Foundation provided its first grant of 2024 to Gift of Life Howie’s House, supporting transplant patients and their families by providing temporary lodging and supportive services in Philadelphia. The celebration also featured a performance by a Mummers string band and an appearance by Phang, the Philadelphia Union’s mascot.
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1.46%
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WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), announced Lisa Brubaker as the new Executive Vice President, Chief Human Resources Officer (CHRO). Brubaker will lead all HR functions, including Talent Acquisition, Total Rewards, Operations, Learning & Development, Associate Engagement, and Diversity, Equity & Inclusion. With over 30 years of experience at WSFS, Brubaker's proven leadership and deep knowledge of the company make her the ideal leader for this role.
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WSFS Financial Corporation (Nasdaq: WSFS) announces the hire of Chris Ginder as Senior Vice President, Senior Investment Advisor. Ginder will provide investment management for individuals, nonprofit organizations, and pension plans in the Central Pa. region, based in Hershey, Pa. His expertise in portfolio management, asset allocation, and security selection will drive continued success in the Hershey market and throughout the region.
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0.53%
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WSFS Bank (Nasdaq: WSFS) through its charitable arm, the WSFS CARES Foundation, has provided a $10,000 grant to Minds Matter of Philadelphia, Inc. to support their ACT Prep and College Summer Programs. Minds Matter is a national nonprofit promoting higher education, with the Philadelphia chapter having served 150 students since its formation in 2011.
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-0.24%
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WSFS Financial Corporation (Nasdaq: WSFS) to hold meetings at the Mid-Atlantic Bank Summit hosted by D.A. Davidson. Rodger Levenson, WSFS’ Chairman, President and Chief Executive Officer, and Art Bacci, Executive Vice President, Interim Chief Financial Officer and Chief Wealth Officer, will virtually host discussions with investors on December 12th, 2023. Presentation Materials: WSFS will present its current Investor Presentation, which will be available on the Investor Relations section of WSFS’ website.
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WSFS Financial Corp
Nasdaq:WSFS
WSFS Rankings
WSFS Stock Data
2.75B
59.58M
0.99%
91.59%
1.8%
Savings Institutions
Finance and Insurance
United States of America
WILMINGTON
About WSFS
the wsfs bank mission is, “we stand for service®”. our mission speaks to who we are and what we do. when wsfs was founded in 1832, it opened in a small rented room next to the wilmington town hall. today, wsfs continues to be a service-oriented, locally-managed, community bank. wsfs is the seventh oldest bank in the united states still in operation today, but we have changed a little since 1832. we now have 43 branches throughout delaware and southeastern pennsylvania and offer a wide range of banking services for consumers and businesses. we are a community bank committed to implementing innovative technologies and evolving our services to meet the needs of our customers. so, what’s it like to work at wsfs? well, we’ve made the news journal’s top workplaces list for nine years in a row. wsfs offers a fun and engaging work environment with lots of room for growth, underpinned by a strong mission of service to our customers and our community. our associates are committed to always d