WSFS Financial Corporation reports recurring developments as the parent company of WSFS Bank, a regional financial services company with banking, cash logistics, and wealth and trust operations. Company news commonly covers quarterly earnings, loan and deposit trends, commercial and consumer banking activity, fee income from Wealth and Trust, and performance updates tied to Cash Connect and other subsidiaries or divisions.
Updates also include capital actions such as dividends, share repurchases and debt financing, as well as investor presentations, governance changes, technology leadership, and market-presence announcements in the Greater Philadelphia and Delaware region.
WSFS (Nasdaq: WSFS) reported 3Q 2025 GAAP EPS of $1.37 and diluted core EPS of $1.40, a 30% YoY increase in core EPS. Net income attributable to WSFS was $76.4M. Key profitability metrics: ROA 1.44%, core ROA 1.48%, ROE 11.3%, and net interest margin 3.91%. Total net revenue was $270.5M; net interest income was $184.0M. Provision for credit losses fell to $6.6M, and total net credit costs were $8.4M. Client deposits grew to $17.23B and gross loans were $13.02B. Year-to-date capital returned: $206.2M.
WSFS (Nasdaq: WSFS) announced Bernard Shields will join as Executive Vice President, Pennsylvania Market President, reporting to Jim Wechsler and starting as part of WSFS' succession planning on October 15, 2025. Shields has nearly 30 years of banking experience, including more than 23 years at M&T Bank where he served as Regional President for Philadelphia and South Jersey. Patrick Ward will transition to Executive Vice President, Senior Advisor, focusing on business development, relationship management, and nonprofit support.
WSFS Financial Corporation (Nasdaq: WSFS) expects to release third quarter 2025 earnings after market close on Thursday, October 23, 2025. Management will host a conference call to review results at 1:00 p.m. ET on Friday, October 24, 2025. Participants can register in advance or join live at investors.wsfsbank.com. Earnings release and supplemental materials will be posted in the Investor Relations section prior to the call start. Attendees are advised to log on at least 15 minutes early. A replay will be available shortly after the event via the same investor links.
WSFS Bank (Nasdaq: WSFS) held its third annual We Stand for Service Day, where more than 1,600 Associates participated in a massive volunteer effort across Delaware, Pennsylvania, and New Jersey. The initiative resulted in over 5,500 volunteer hours at more than 130 community organizations on October 1, 2025.
The bank's community impact initiative supported various causes, including Cradles to Crayons Philadelphia, which provides essential items for children, The Food Bank of Delaware's hunger elimination efforts, and BookSmiles' book distribution program that handles up to 100,000 children's books monthly.
WSFS Financial Corporation (Nasdaq: WSFS) has announced strategic leadership appointments at its Bryn Mawr Trust wealth management division, aligned with its goal to increase wealth fee revenue by 50% by 2027. Key appointments include: Michael Mendelson as SVP, Chief Operating Officer; Harrison Gelber as SVP, Director of Private Banking and Trust Advisory Services; Mark Bradford as SVP, Director of Wealth Planning; and Jackie Blue as SVP, Chief Operating Officer of Bryn Mawr Trust Advisors.
The appointments demonstrate WSFS's commitment to becoming the leading wealth management firm in the Greater Philadelphia and Delaware region by 2027, focusing on operational excellence, client experience enhancement, and strategic growth initiatives.
WSFS Financial Corporation (NASDAQ:WSFS), parent company of Bryn Mawr Trust, has announced key leadership appointments in its wealth management division as part of its strategic plan to double the wealth business by 2027.
The appointments include Michael Mendelson as SVP, Chief Operating Officer, bringing 20+ years of J.P. Morgan experience; Harrison Gelber promoted to SVP, Director of Private Banking and Trust Advisory Services; Mark Bradford named SVP, Director of Wealth Planning; and Jackie Blue promoted to SVP, Chief Operating Officer of Bryn Mawr Trust Advisors.
These strategic appointments align with WSFS's goal to become the leading wealth management firm in the Greater Philadelphia and Delaware region by the end of 2027.
WSFS Financial Corporation (Nasdaq: WSFS) has appointed Kevin Stach as Senior Vice President, Middle Market Senior Relationship Manager. In his new role, Stach will focus on serving family- and sponsor-owned companies with revenues between $50-250 million in the Greater Philadelphia area.
Stach brings significant experience from his previous roles, including positions at SMBC Group, Bryn Mawr Trust, KeyBank, and Santander Bank. He will report to Jamie Tranfalia, Senior Vice President, Middle Market Team Leader, as part of WSFS's strategy to strengthen its commercial banking capabilities and client relationships in the region.
WSFS Financial Corporation (NASDAQ:WSFS) has received a reaffirmation of its Baa2 issuer rating with a stable outlook from Moody's Investors Service. The rating agency also confirmed A2/Prime-1 long-and short-term deposits and a Baa1 standalone Baseline Credit Assessment.
The ratings reflect WSFS's strong financial position, characterized by a diversified business model, robust balance sheet, strong returns, and solid capital levels. The company maintains a healthy liquidity profile with minimal reliance on wholesale funding. This reaffirmation complements WSFS's existing investment-grade ratings from Morningstar DBRS and KBRA.
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.