false000082894400008289442025-01-272025-01-27

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
  FORM 8-K
  
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934

January 27, 2025
Date of Report
(Date of Earliest Event Reported) 
WSFS Financial Corporation
(Exact Name of Registrant as Specified in its Charter)
 
Delaware001-3563822-2866913
(State or Other Jurisdiction
of incorporation)		(SEC Commission
File Number)		(IRS Employer
Identification Number)
500 Delaware Ave,
Wilmington, Delaware, 19801
(Address of Principal Executive Offices) (Zip Code)
Registrant’s Telephone Number, including Area Code: (302) 792-6000
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
☐Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, par value $0.01 per shareWSFSNasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 40.12b-2).
Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐



Item 2.02 Results of Operation and Financial Condition

On January 27, 2025, WSFS Financial Corporation (the “Registrant”) issued a press release to report earnings for the quarter ended December 31, 2024. A copy of the press release is furnished with this Form 8-K as Exhibit 99.1.

This information (including Exhibit 99.1) is being furnished under Item 2.02 hereof and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, and such information shall not be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Item 7.01 Regulation FD Disclosures

The attached presentation contains information that the members of the Registrant's management will use during visits with investors, analysts, and other interested parties to assist their understanding of the Registrant from time to time throughout the first quarter of 2025. Other presentations and related materials will be made available as they are presented during the year. A copy of the earnings release supplement is furnished with this Form 8-K as Exhibit 99.2.

This information (including Exhibit 99.2) is being furnished under Item 7.01 hereof and shall not be deemed “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, and such information shall not be deemed incorporated by reference into any filing under the Securities Act, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Item 9.01 Financial Statements and Other Exhibits
(d) Exhibits.




SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned, hereunto duly authorized.

 
WSFS FINANCIAL CORPORATION
Date:January 27, 2025By: /s/ David Burg
  David Burg
Executive Vice President, Chief Financial Officer


wsfs_corp2.jpg
WSFS Bank CenterWSFS Bank Place
1
500 Delaware Avenue1818 Market Street
Wilmington, DE 19801Philadelphia, PA 19103
EXHIBIT 99.1
FOR IMMEDIATE RELEASEInvestor Relations Contact: Andrew Basile
(302) 504-9857; abasile@wsfsbank.com
January 27, 2025Media Contact: Connor Peoples
(215) 864-5645; cpeoples@wsfsbank.com

WSFS REPORTS 4Q 2024 EPS OF $1.09, ROA OF 1.21%, NIM OF 3.80%;
STRONG DEPOSIT GROWTH AND RECORD WEALTH AND TRUST REVENUE
FULL-YEAR EPS OF $4.41 AND ROA OF 1.27%


Wilmington, DE — WSFS Financial Corporation (Nasdaq: WSFS), the parent company of WSFS Bank, today announced its financial results for the full year and fourth quarter of 2024.
Selected financial results and metrics are as follows:
(Dollars in millions, except per share data)4Q 20243Q 20244Q 202320242023
Net interest income$178.2 $177.5 $178.1 $705.4 $725.1 
Fee revenue83.3 90.2 87.2 340.9 289.9 
Total net revenue261.5 267.7 265.3 1,046.4 1,015.0 
Provision for credit losses8.0 18.4 24.8 61.4 88.1 
Noninterest expense169.1 163.7 147.6 637.7 561.6 
Net income attributable to WSFS
64.2 64.4 63.9 263.7 269.2 
Pre-provision net revenue (PPNR)(1)
92.4 103.9 117.7 408.7 453.3 
Earnings per share (EPS) (diluted)1.09 1.08 1.05 4.41 4.40 
Return on average assets (ROA) (a)1.21 %1.22 %1.25 %1.27 %1.33 %
Return on average equity (ROE) (a)9.7 10.0 11.1 10.4 11.7 
Fee revenue as % of total net revenue31.8 33.6 32.8 32.5 28.5 
Efficiency ratio64.6 61.1 55.6 60.9 55.2 
See “Notes”
GAAP results for the quarterly periods shown included items that are excluded from core results. Below is a summary of the financial effects of these items, which were primarily related to costs associated with the optimization of WSFS-owned real estate properties. For additional detail, refer to the Non-GAAP Reconciliation in the back of this earnings release.
4Q 20243Q 20244Q 2023
(Dollars in millions, except per share data)Total (pre-tax)Per share (after-tax)Total (pre-tax)Per share (after-tax)Total (pre-tax)Per share (after-tax)
Fee revenue$0.1 $— $0.1 $— $9.2 $0.11 
Noninterest expense2.1 0.03 — — 7.9 0.09 
Income tax impacts(0.4)(0.01)— — 7.1 0.12 

(1) As used in this press release, PPNR is a non-GAAP financial measure that adjusts net income determined in accordance with GAAP to exclude the impacts of (i) income tax provision and (ii) provision for credit losses. For a reconciliation of this and other non-GAAP financial measures to their comparable GAAP measures, see "Non-GAAP Reconciliation" at the end of the press release.

wsfs_corp2.jpg
WSFS Bank CenterWSFS Bank Place
2
500 Delaware Avenue1818 Market Street
Wilmington, DE 19801Philadelphia, PA 19103
CEO Commentary
Rodger Levenson, Chairman, CEO and President, said, "WSFS delivered another strong quarter, with core EPS(2) of $1.11 and a core ROA(2) of 1.24%. Our performance was highlighted by robust deposit growth, a strong NIM, lower credit costs and record performance in our Wealth and Trust franchise.
"Our Q4 results included the impact of an adverse event related to a Cash Connect® Client that led to our termination of this relationship. While disappointing, the actions of our team minimized our exposure, a portion of which we expect to recover through insurance and other avenues.
"Full-year 2024 performance was also strong with core EPS of $4.39, core ROA of 1.26% and core ROTCE(2) of 17.83%, all reflecting the continued optimization of recent franchise investments.
"During the quarter, we were honored to be recognized by Newsweek as one of America's Best Regional Banks, reinforcing our position as the leading locally-headquartered bank and wealth franchise in the Greater Philadelphia and Delaware region.
"I extend my sincere thanks to our over 2,300 Associates for their hard work and commitment to WSFS this past year. We enter 2025 with continued momentum and opportunity as we embark on our 2025-2027 Strategic Plan."







(2) As used in this press release, core ROA, core EPS and core ROTCE are non-GAAP financial measures. These non-GAAP financial measures exclude certain pre-tax adjustments and the tax impact of such adjustments. For a reconciliation of these and other non-GAAP financial measures to their comparable GAAP measures, see "Non-GAAP Reconciliation" at the end of the press release.

wsfs_corp2.jpg
WSFS Bank CenterWSFS Bank Place
3
500 Delaware Avenue1818 Market Street
Wilmington, DE 19801Philadelphia, PA 19103
Highlights for 4Q 2024: 

•Core ROA was 1.24%, compared to 1.22% for 3Q 2024.
•Core EPS was $1.11, compared to $1.08 for 3Q 2024.
•Customer deposits increased 4% (not annualized) compared to 3Q 2024 and 4% compared to 4Q 2023, driven by broad-based growth across our Trust, Consumer, and Commercial business lines.
•Net interest margin of 3.80%, compared to 3.78% for 3Q 2024, reflects active deposit repricing actions and higher noninterest deposits, partially offset by lower loan yields.
•Total net credit costs were $8.7 million, compared to $20.1 million for 3Q 2024 due to a decrease in the provision for credit losses, reflecting improvement in leading indicators and lower net charge-offs.
•Gross loans decreased 1% (4% annualized) from 3Q 2024 primarily due to higher commercial payoffs as well as runoff in the consumer partnership portfolios. Gross loans increased 3% from 4Q 2023 driven by increases in commercial mortgage, C&I, residential mortgage, and consumer loans.
•Quarterly record fee revenue in Wealth and Trust, with 12% year over year growth.
•Cash Connect® pre-tax income was negatively impacted by $4.7 million as a result of the termination of a long-standing Client relationship, which is described further in the Cash Connect® section of this release.
•WSFS repurchased 393,238 shares of common stock at an average price of $53.27 per share, totaling an aggregate of $20.9 million. The Board of Directors approved a quarterly cash dividend of $0.15 per share. During the year, WSFS repurchased 2,049,739 shares of common stock, or 3%, of shares outstanding, at an average price of $46.55 per share, returning $95.4 million of capital to shareholders.







wsfs_corp2.jpg
WSFS Bank CenterWSFS Bank Place
4
500 Delaware Avenue1818 Market Street
Wilmington, DE 19801Philadelphia, PA 19103
Fourth Quarter 2024 Discussion of Financial Results
Balance Sheet
The following table summarizes loan and lease balances and composition at December 31, 2024 compared to September 30, 2024 and December 31, 2023:
Loans and Leases
(Dollars in millions)December 31, 2024September 30, 2024December 31, 2023
Commercial & industrial (C&I)$4,652 36 %$4,661 35 %$4,443 35 %
Commercial mortgage4,031 31 4,149 32 3,801 30 
Construction832 6 806 6 1,036 8 
Commercial small business leases648 5 645 5 624 5 
Total commercial loans and leases10,163 78 10,261 78 9,904 78 
Residential mortgage992 8 965 7 882 7 
Consumer2,086 16 2,138 16 2,012 16 
Gross loans and leases13,241 102 %13,364 101 %12,798 101 %
ACL(195)(2)(197)(1)(186)(1)
Net loans and leases$13,046 100 %$13,167 100 %$12,612 100 %
At December 31, 2024, WSFS’ gross loan and lease portfolio decreased $123.1 million, or 1% (4% annualized), when compared with September 30, 2024, primarily driven by decreases of $118.4 million in commercial mortgage attributable to seasonally higher payoff activity, and $52.0 million in consumer loans due to runoff of the Spring EQ and Upstart portfolios. These decreases were partially offset by an increase of $27.0 million in residential mortgage, due to the retention of certain loans based on favorable yields and relationship opportunities.
Gross loans and leases at December 31, 2024 increased $442.6 million, or 3%, when compared with December 31, 2023. Total commercial loans and leases grew $259.1 million, or 3%, driven by increases of $229.4 million, or 6%, in commercial mortgage and $209.2 million, or 5%, in C&I. These increases were partially offset by a $203.4 million decrease in construction loans, partially driven by migration into commercial mortgages and C&I loans (including owner-occupied real estate). Residential mortgage increased $109.2 million, or 12%, and consumer loans increased $74.3 million, or 4%, primarily due to growth in WSFS-originated consumer loans and Spring EQ.

wsfs_corp2.jpg
WSFS Bank CenterWSFS Bank Place
5
500 Delaware Avenue1818 Market Street
Wilmington, DE 19801Philadelphia, PA 19103
The following table summarizes customer deposit balances and composition at December 31, 2024 compared to September 30, 2024 and December 31, 2023:
Customer Deposits
(Dollars in millions)
December 31, 2024September 30, 2024December 31, 2023
Noninterest demand$4,988 29 %$4,686 29 %$4,917 30 %
Interest-bearing demand2,973 17 2,931 18 2,936 18 
Savings1,466 9 1,489 9 1,610 10 
Money market5,472 32 5,178 31 5,175 31 
Total core deposits14,899 87 14,284 87 14,638 89 
Customer time deposits2,131 13 2,143 13 1,784 11 
Total customer deposits$17,030 100 %$16,427 100 %$16,422 100 %
Total customer deposits increased by $602.8 million, or 4% (not annualized), when compared with September 30, 2024, driven by broad-based growth across the Trust, Consumer, and Commercial business lines, partially offset by expected seasonal decreases in municipal deposits. Average customer deposits also increased 4%, compared to 3Q 2024. Average noninterest demand deposits, which comprised 31% of average customer deposits, grew 6% (not annualized), reflecting the strength of our core deposit base.
Total customer deposits increased by $607.4 million, or 4%, from December 31, 2023, primarily driven by the Consumer and Commercial businesses, with growth in time, money market, and noninterest demand deposits. Average customer deposits increased 6% compared to 4Q 2023, including average noninterest demand deposit growth of 7%.
The deposit base remains well-diversified, with 51% of customer deposits coming from the Commercial, Small Business, and Wealth and Trust business lines. The loan-to-deposit ratio(3) was 77% at December 31, 2024, providing continued capacity to fund future loan growth.
Core deposits were 87% of total customer deposits, with a weighted average cost of 147bps for the quarter. No- and low-cost checking accounts represented 46% of total customer deposits with a weighted average cost of 41bps for the quarter.



(3) Ratio of net loans and leases to total customer deposits.

wsfs_corp2.jpg
WSFS Bank CenterWSFS Bank Place
6
500 Delaware Avenue1818 Market Street
Wilmington, DE 19801Philadelphia, PA 19103
Net Interest Income
Three Months Ending
(Dollars in millions)
December 31, 2024September 30, 2024December 31, 2023
Net interest income before purchase accretion$175.8 $175.5 $174.8 
Purchase accounting accretion2.4 2.0 3.3 
Net interest income
$178.2 $177.5 $178.1 
Net interest margin before purchase accretion3.75 %3.74 %3.92 %
Purchase accounting accretion0.05 0.04 0.07 
Net interest margin
3.80 %3.78 %3.99 %
Net interest income increased $0.7 million, or less than 1%, compared to 3Q 2024, driven by lower deposit and wholesale funding costs, which were partially offset by lower income from loans. Net interest income was essentially flat compared to 4Q 2023, despite 100bps of interest rate cuts in 2H 2024.
Total loan yields were 6.80%, a decrease of 27bps when compared to 3Q 2024, due to the rate cuts in 2H 2024. Total customer deposit costs were 1.83%, a decrease of 12bps, while interest-bearing deposit costs were 2.65%, a decrease of 14bps compared to the prior quarter. The deposit cost decreases reflect deposit repricing actions taken in response to the Fed interest rate cuts.
Net interest margin of 3.80%, an increase of 2bps compared to 3Q 2024, reflects the repricing actions and higher noninterest deposits, partially offset by the lower loan yields mentioned above. Net interest margin decreased 19bps from 4Q 2023, primarily driven by lower loan yields as well as deposit mix shift and growth in higher priced deposit products over the past year.


wsfs_corp2.jpg
WSFS Bank CenterWSFS Bank Place
7
500 Delaware Avenue1818 Market Street
Wilmington, DE 19801Philadelphia, PA 19103
Asset Quality
(Dollars in millions)December 31, 2024September 30, 2024December 31, 2023
Problem assets(4)
$645.0 $721.5 $555.7 
Delinquencies121.8 147.6 101.9 
Nonperforming assets127.4 91.3 75.8 
Net charge-offs10.2 19.2 14.7 
Total net credit costs (r)8.7 20.1 25.4 
Problem assets to total Tier 1 capital plus ACL26.21 %30.11 %23.44 %
Classified assets to total Tier 1 capital plus ACL21.40 21.41 17.29 
Ratio of nonperforming assets to total assets0.61 0.44 0.37 
Delinquencies to gross loans (n)0.92 1.11 0.80 
Ratio of quarterly net charge-offs to average gross loans0.31 0.58 0.46 
Ratio of allowance for credit losses to total loans and leases (q) 1.48 1.48 1.46 
Ratio of allowance for credit losses to nonaccruing loans160 219 251 
See “Notes”
Total net credit costs were $8.7 million in the quarter, a decrease of $11.4 million, compared to $20.1 million in 3Q 2024. The decrease reflects improvements in early stage metrics of problem assets and delinquencies, as well as net charge-offs.
Problem assets to total Tier 1 capital plus ACL ratio was 26.21%, a decrease of 390bps compared to September 30, 2024, driven by upgrades and the full payoff of a $21.6 million problem credit.
Delinquencies of $121.8 million, or 92bps of gross loans, decreased $25.8 million, or 19bps, compared to September 30, 2024, primarily due to two commercial relationships brought current within the period.
Nonperforming assets increased $36.0 million, or 17bps of total assets, compared to September 30, 2024, primarily driven by the migration of one relationship with two loans, one land and one multifamily construction. These loans were previously included in problem assets and are well-collateralized based on current valuations.
Net charge-offs decreased $8.9 million to $10.2 million, or 31bps (annualized) of average gross loans during the quarter. Outside of the NewLane and Upstart portfolios, which continued to moderate, there were minimal losses in our commercial and consumer portfolios in the quarter.
The ACL was $195.3 million as of December 31, 2024, a decrease of $2.2 million from September 30, 2024. The ACL coverage ratio was 1.48%, flat compared to September 30, 2024.


(4) Problem assets includes all criticized, classified, and nonperforming loans as well as other real estate owned (OREO).

wsfs_corp2.jpg
WSFS Bank CenterWSFS Bank Place
8
500 Delaware Avenue1818 Market Street
Wilmington, DE 19801Philadelphia, PA 19103
Core Fee Revenue(5)
Core fee revenue (noninterest income) of $83.2 million decreased $6.9 million, or 8% (not annualized), compared to $90.1 million from 3Q 2024. The decrease was driven by $6.4 million of lower Cash Connect® fee revenue and $2.3 million from the Spring EQ earnout recognized in 3Q 2024. The decline in Cash Connect® included a $2.8 million impact from the write-off of uncollectible fees related to the termination of a Client relationship as well as a $2.1 million impact from interest rates (which was offset in noninterest expense). The full impact of the Client termination is described further in the Cash Connect® section of this release. The decrease was partially offset by Wealth and Trust, which increased $3.0 million and delivered a record quarter, with double digit growth in Institutional Services.
Core fee revenue increased $5.2 million, or 7%, compared to 4Q 2023. Excluding the impacts of the Cash Connect® Client termination and Spring EQ-related fees in 2023, core fee revenue increased 15%. The growth was driven by the Wealth and Trust and Cash Connect® business lines. Growth in Wealth and Trust was driven by Institutional Services, Private Wealth Management and The Bryn Mawr Trust Company of Delaware (BMT of DE). Growth in Cash Connect® was driven by bailment Clients added in the fourth quarter of 2023 and the first half of 2024.
For 4Q 2024, our core fee revenue ratio(5) was 31.8% compared to 33.6% in 3Q 2024 and 30.4% in 4Q 2023. Fee revenue is a competitive differentiator providing a well-diversified source of revenue with further growth opportunities expected.






(5) As used in this press release, core fee revenue and core fee revenue ratio is a non-GAAP financial measure. This non-GAAP financial measure excludes certain pre-tax adjustments and the tax impact of such adjustments. For a reconciliation of this and other non-GAAP financial measures to their comparable GAAP measures, see "Non-GAAP Reconciliation" at the end of the press release.

wsfs_corp2.jpg
WSFS Bank CenterWSFS Bank Place
9
500 Delaware Avenue1818 Market Street
Wilmington, DE 19801Philadelphia, PA 19103
Core Noninterest Expense(6)
Core noninterest expense of $167.0 million increased $3.3 million, or 2% (not annualized), compared to 3Q 2024. Core noninterest expense was impacted by $1.9 million of nonrecurring items related to the Cash Connect® Client termination as well as favorable impacts of $2.3 million from Cash Connect® external funding costs driven by interest rate decreases. Excluding these items, core noninterest expense increased $3.7 million, or 3% (not annualized), which was driven by higher compliance and risk-related professional fees, legal fees and medical benefit costs.
Core noninterest expense increased $27.2 million, or 19%, compared to 4Q 2023. Excluding the impact of the Cash Connect® Client termination and additional external funding costs of $5.4 million (which were more than offset in fee revenue), core noninterest expense increased $20.0 million, or 15%, compared to 4Q 2023.
The $20.0 million increase was largely driven by $18.0 million in higher salaries and benefits as a result of talent additions, performance-based increases, and higher medical costs. The talent additions were concentrated in key business areas, such as Wealth and Trust, Commercial, and Technology. We continue to be a preferred platform for new talent as evidenced by two teams in Wealth and Trust that have recently joined us from competitors.
Our core efficiency ratio(6) was 63.8% in 4Q 2024, compared to 61.1% in 3Q 2024 and 54.5% in 4Q 2023.
Income Taxes
We recorded a $20.2 million income tax provision in 4Q 2024, compared to $21.1 million in 3Q 2024 and $29.4 million in 4Q 2023. The quarter over quarter decrease is primarily due to lower income before taxes and the year over year decrease in income tax provision is primarily due to the surrender of bank-owned life insurance (BOLI) policies in 4Q 2023.
The effective tax rate was 23.9% in 4Q 2024 compared to 24.7% in 3Q 2024 and 31.6% in 4Q 2023. The decrease in effective tax rate for 4Q 2024 compared to 3Q 2024 was primarily driven by lower state taxes and impacts from renewable energy tax credits. The decrease in effective tax rate when compared to 4Q 2023 is attributable to the surrender of BOLI policies mentioned above. The full-year effective tax rate was 24.1% in 2024 compared to 26.3% in 2023.
(6) As used in this press release, core noninterest expense and core efficiency ratio are non-GAAP financial measures. These non-GAAP financial measures exclude certain pre-tax adjustments and the tax impact of such adjustments. For a reconciliation of these and other non-GAAP financial measures to their comparable GAAP measures, see "Non-GAAP Reconciliation" at the end of the press release.

wsfs_corp2.jpg
WSFS Bank CenterWSFS Bank Place
10
500 Delaware Avenue1818 Market Street
Wilmington, DE 19801Philadelphia, PA 19103
Capital Management
Capital levels remain strong and are all substantially in excess of the “well-capitalized” regulatory benchmarks at December 31, 2024, with WSFS Bank’s Tier 1 leverage ratio of 11.03%, Common Equity Tier 1 capital ratio and Tier 1 capital ratio of 13.88%, and Total Risk-based capital ratio of 15.13%.
WSFS’ total stockholders’ equity decreased $88.5 million, or 3% (not annualized), during 4Q 2024. The decrease was primarily due to an increase in accumulated other comprehensive loss of $124.9 million, driven by market-value decreases on available-for-sale investment securities, and capital returns of $29.8 million to stockholders, comprising $20.9 million from share repurchases and $8.8 million from quarterly dividends. The decrease was partially offset by quarterly earnings of $64.2 million.
WSFS’ tangible common equity(7) decreased $84.5 million, or 5% (not annualized), compared to September 30, 2024, primarily due to the reasons described above. WSFS’ common equity to assets ratio decreased 37bps to 12.44% during the quarter, and our tangible common equity to tangible assets ratio(7) was 8.08% at December 31, 2024, a decrease of 39bps, compared to the prior quarter.
At December 31, 2024, book value per share was $44.15, a decrease of $1.22, or 3% (not annualized), from September 30, 2024, and tangible book value per share was $27.30, a decrease of $1.26, or 4% (not annualized), from September 30, 2024. These decreases were due to the reasons described above. Book value per share increased $3.22, or 8%, and tangible book value per share increased $2.97, or 12%, compared to 4Q 2023.
During 4Q 2024, WSFS repurchased 393,238 shares of common stock for an aggregate of $20.9 million. As of December 31, 2024, WSFS has 3,291,854 shares, or approximately 6% of outstanding shares, remaining to repurchase under its current authorization. For the year, total capital returned to stockholders through share repurchases and quarterly dividends was $131.2 million.
The Board of Directors approved a quarterly cash dividend of $0.15 per share of common stock. This dividend will be paid on February 21, 2025 to stockholders of record as of February 7, 2025.





(7) As used in this press release, tangible common equity and tangible common equity to tangible assets ratio are non-GAAP financial measures. These non-GAAP financial measures exclude goodwill and intangible assets and the related tax-effected amortization. For a reconciliation of these and other non-GAAP financial measures to their comparable GAAP measures, see "Non-GAAP Reconciliation" at the end of the press release.

wsfs_corp2.jpg
WSFS Bank CenterWSFS Bank Place
11
500 Delaware Avenue1818 Market Street
Wilmington, DE 19801Philadelphia, PA 19103
Selected Business Segments (included in previous results):
Wealth Management
The Wealth Management segment provides a broad array of planning and advisory services, investment management, trust services, credit and deposit products to individual, corporate, and institutional Clients.
Selected quarterly performance results and metrics are as follows:
(Dollars in millions)December 31, 2024September 30, 2024December 31, 2023
Net interest income$23.1 $21.6 $18.3 
Provision for (recovery of) credit losses0.4 — (0.1)
Fee revenue(8)
40.3 37.2 36.0 
Noninterest expense(8)
29.9 28.4 26.9 
Pre-tax income33.1 30.4 27.5 
Performance Metrics
Trust fee revenue (Institutional Services and BMT of DE)$24.1 $21.5 $20.9 
Private Wealth Management fee revenue15.3 14.7 14.5 
AUM/AUA(9)
89,425 87,217 78,087 
Wealth Management delivered a record quarter in fee revenue and earnings, with pre-tax income of $33.1 million, which increased $2.7 million, or 9% (not annualized), compared to 3Q 2024. Net interest income increased $1.5 million, as average deposits were $222.0 million higher than 3Q 2024. Fee revenue increased $3.0 million from 3Q 2024, due to growth across all business areas, including Institutional Services, BMT of DE, and Private Wealth Management. Total noninterest expense increased $1.5 million, compared to 3Q 2024, mostly due to performance-based compensation and higher technology costs.
Wealth Management pre-tax income increased $5.6 million, or 20%, compared to 4Q 2023 due to higher fee revenue and net interest income. Net interest income increased $4.7 million mostly due to higher deposit balances. Fee revenue increased $4.3 million, or 12%, compared to 4Q 2023, due to growth in Institutional Services, Private Wealth Management, and BMT of DE. Total noninterest expense increased $2.9 million driven by salaries and benefits expense from hiring new advisors and performance-based compensation.
Net AUM of $9.2 billion at the end of 4Q 2024 decreased $0.1 billion, or 2%, compared to 3Q 2024, and increased $0.5 billion, or 6%, compared to 4Q 2023. AUM balances compared to the prior quarter were largely driven by declines in broader equity markets and some net outflows.



(8) Includes intercompany allocation of revenue and expense.
(9) Represents Assets Under Management and Assets Under Administration.

wsfs_corp2.jpg
WSFS Bank CenterWSFS Bank Place
12
500 Delaware Avenue1818 Market Street
Wilmington, DE 19801Philadelphia, PA 19103
Cash Connect®
Cash Connect® is a premier provider of ATM vault cash, smart safe and cash logistics services in the United States, servicing non-bank ATMs and smart safes nationwide and supporting ATMs for WSFS Bank Customers with one of the largest branded ATM networks in our region.
Selected quarterly financial results and metrics are as follows:
(Dollars in millions)December 31, 2024September 30, 2024December 31, 2023
Net revenue(10)
$21.8 $27.7 $19.0 
Noninterest expense(11)
25.2 26.1 17.4 
Pre-tax income(3.4)1.6 1.6 
Performance Metrics
Average cash managed$1,585 $1,623 $1,579 
Number of serviced non-bank ATMs and smart safes38,574 42,126 41,695 
Number of WSFS owned and branded ATMs567 569 590 
ROA(2.63)%1.29 %1.17 %
During the fourth quarter, WSFS terminated a relationship with a long-standing Cash Connect® Client as a result of negative events in the Client's overall business portfolio. Due to this termination, Cash Connect® recorded a loss of $3.4 million in 4Q 2024, driven by one-time charges totaling $4.7 million, including $2.8 million in uncollectible fees and $1.9 million in noninterest expense. We are actively engaged in the recovery of these costs through our insurance policies and other avenues, where appropriate. The table below summarizes the impact of these charges.
ReportedAdjusted
(Dollars in millions)December 31, 2024AdjustmentsDecember 31, 2024
Net revenue$21.8 $2.8 $24.6 
Noninterest expense
25.2 (1.9)23.3 
Pre-tax income(3.4)4.7 1.4 
ROA(2.63)%3.69 %1.06 %
Excluding the impacts of the terminated relationship, net revenue was $24.6 million, a decrease of $3.0 million compared to 3Q 2024 and pre-tax income was $1.4 million, a decrease of $0.3 million. The decrease in net revenue was driven by $2.1 million related to interest rate reductions (which were offset in noninterest expense) and $1.5 million related to seasonally lower ATM volume, which also impacted pre-tax income.
Excluding the impacts of the terminated relationship, pre-tax net income decreased $0.2 million compared to 4Q 2023. The decrease was primarily driven by higher vault-related expenses, partially offset by the benefit from lower rates.
(10) Includes intercompany allocation of income and net interest income.
(11) Includes intercompany allocation of expense.

wsfs_corp2.jpg
WSFS Bank CenterWSFS Bank Place
13
500 Delaware Avenue1818 Market Street
Wilmington, DE 19801Philadelphia, PA 19103
Fourth Quarter 2024 Earnings Release Conference Call
Management will conduct a conference call to review 4Q 2024 results at 1:00 p.m. Eastern Time (ET) on Tuesday, January 28, 2025. Interested parties may access the conference call live on our Investor Relations website (https://investors.wsfsbank.com). For those who cannot access the live conference call, a replay will be accessible shortly after the event concludes through our Investor Relations website.
About WSFS Financial Corporation
WSFS Financial Corporation is a multibillion-dollar financial services company. Its primary subsidiary, WSFS Bank, is the oldest and largest locally headquartered bank and trust company in the Greater Philadelphia and Delaware region. As of December 31, 2024, WSFS Financial Corporation had $20.8 billion in assets on its balance sheet and $89.4 billion in assets under management and administration. WSFS operates from 114 offices, 88 of which are banking offices, located in Pennsylvania (57), Delaware (39), New Jersey (14), Florida (2), Nevada (1) and Virginia (1) and provides comprehensive financial services including commercial banking, consumer banking, treasury management and trust and wealth management. Other subsidiaries or divisions include Arrow Land Transfer, Bryn Mawr Capital Management, LLC, Bryn Mawr Trust®, The Bryn Mawr Trust Company of Delaware, Cash Connect®, NewLane Finance®, Powdermill® Financial Solutions, WSFS Institutional Services®, WSFS Mortgage®, and WSFS Wealth® Investments. Serving the Greater Delaware Valley since 1832, WSFS Bank is one of the ten oldest banks in the United States continuously operating under the same name. For more information, please visit www.wsfsbank.com.

wsfs_corp2.jpg
WSFS Bank CenterWSFS Bank Place
14
500 Delaware Avenue1818 Market Street
Wilmington, DE 19801Philadelphia, PA 19103
Forward-Looking Statements
This press release contains estimates, predictions, opinions, projections and other "forward-looking statements" as that phrase is defined in the Private Securities Litigation Reform Act of 1995. Such statements include, without limitation, references to the Company's predictions or expectations of future business or financial performance as well as its goals and objectives for future operations, financial and business trends, business prospects, and management's outlook or expectations for earnings, revenues, expenses, capital levels, liquidity levels, asset quality or other future financial or business performance, strategies or expectations. The words “believe,” “expect,” “anticipate,” “plan,” “estimate,” “target,” “project” and similar expressions, among others, generally identify forward-looking statements. Such forward-looking statements are based on various assumptions (some of which may be beyond the Company's control) and are subject to risks and uncertainties (which change over time) and other factors which could cause actual results to differ materially from those currently anticipated. Such risks and uncertainties include, but are not limited to, difficult market conditions and unfavorable economic trends in the United States generally and in financial markets, particularly in the markets in which the Company operates and in which its loans are concentrated, including difficult and unfavorable conditions and trends related to housing markets, costs of living, unemployment levels, interest rates, supply chain issues, inflation, and economic growth; the impacts related to or resulting from bank failures and other economic and industry volatility, including potential increased regulatory requirements and costs and potential impacts to macroeconomic conditions; changes in market interest rates which may increase funding costs and reduce earning asset yields and thus reduce margin; the impact of changes in interest rates and the credit quality and strength of underlying collateral and the effect of such changes on the market value of the Company's investment securities portfolio, which could impact market confidence in the Company’s operations; possible additional loan losses and impairment of the collectability of loans; the Company's level of nonperforming assets and the costs associated with resolving problem loans including litigation and other costs and complying with government-imposed foreclosure moratoriums; , the credit risk associated with the substantial amount of commercial real estate, commercial and industrial, and construction and land development loans in the Company's loan portfolio; the extensive federal and state regulation, supervision and examination governing almost every aspect of the Company's operations and potential expenses associated with complying with such regulations; the Company's ability to comply with applicable capital and liquidity requirements, including its ability to generate liquidity internally or raise capital on favorable terms; possible changes in trade, monetary and fiscal policies and stimulus programs, laws and regulations and other activities of governments, agencies, and similar organizations, and the uncertainty of the short- and long-term impacts of such changes; any impairments of the Company's goodwill or other intangible assets; the success of the Company's growth plans; failure of the financial and/or operational controls of the Company's Cash Connect® and/or Wealth Management segments; negative perceptions or publicity with respect to the Company generally and, in particular, the Company's trust and wealth management business; adverse judgments or other resolution of pending and future legal proceedings, and cost incurred in defending such proceedings; the Company's reliance on third parties for certain important functions, including the operation of its core systems, and any failures by such third parties; system failures or cybersecurity incidents or other breaches of the Company's network security, particularly given remote working arrangements; the Company's ability to recruit and retain key Associates; the effects of weather, including climate change, and natural disasters such as floods, droughts, wind, tornadoes and hurricanes as well as effects from geopolitical instability, armed conflicts, public health crises and man-made disasters including terrorist attacks; the effects of regional or national civil unrest (including any resulting branch or ATM closures or damage); possible changes in the speed of loan prepayments by the Company's Customers and loan origination or sales volumes; possible changes in market valuations and/or the speed of prepayments of mortgage-backed securities (MBS) due to changes in the interest rate environment, and the related acceleration of premium amortization on prepayments in the event that prepayments accelerate; regulatory limits on the Company's ability to receive dividends from its subsidiaries and pay dividends to its stockholders; any reputation, credit, interest rate, market, operational, litigation, legal, liquidity, regulatory and compliance risk resulting from developments related to any of the risks discussed above; any compounding effects or unexpected interactions of the risks discussed above; and other risks and uncertainties, including those discussed in the Company's Annual Report on Form 10-K for the year ended December 31, 2023, Quarterly Reports on Form 10-Q for the quarters ended March 31, 2024, June 30, 2024, and September 30,2024, and other documents filed by the Company with the Securities and Exchange Commission from time to time.

The Company cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date they are made. The Company disclaims any duty to revise or update any forward-looking statement, whether written or oral, that may be made from time to time by or on behalf of the Company for any reason, except as specifically required by law. As used in this press release, the terms "WSFS," "the Company," "registrant," "we," "us," and "our" mean WSFS Financial Corporation and its subsidiaries, on a consolidated basis, unless the context indicates otherwise.

wsfs_corp2.jpg
WSFS Bank CenterWSFS Bank Place
15
500 Delaware Avenue1818 Market Street
Wilmington, DE 19801Philadelphia, PA 19103
WSFS FINANCIAL CORPORATION
FINANCIAL HIGHLIGHTS
SUMMARY STATEMENTS OF INCOME (Unaudited)
Three months endedTwelve months ended
(Dollars in thousands, except per share data)December 31, 2024September 30, 2024December 31, 2023December 31, 2024December 31, 2023
Interest income:
Interest and fees on loans $226,886 $235,977 $224,760 $918,381 $845,271 
Interest on mortgage-backed securities24,995 25,348 26,245 102,024 107,555 
Interest and dividends on investment securities2,188 2,184 2,184 8,739 8,783 
Other interest income9,270 9,875 4,042 34,438 14,913 
263,339 273,384 257,231 1,063,582 976,522 
Interest expense:
Interest on deposits78,541 80,647 67,319 308,676 209,820 
Interest on Federal Home Loan Bank advances828 1,472 213 2,967 5,348 
Interest on senior and subordinated debt2,354 2,446 2,455 9,690 9,815 
Interest on trust preferred borrowings1,655 1,749 1,782 6,910 6,736 
Interest on other borrowings1,754 9,566 7,335 29,901 19,700 
85,132 95,880 79,104 358,144 251,419 
Net interest income178,207 177,504 178,127 705,438 725,103 
Provision for credit losses8,036 18,422 24,816 61,410 88,071 
Net interest income after provision for credit losses170,171 159,082 153,311 644,028 637,032 
Noninterest income:
Credit/debit card and ATM income20,545 24,621 17,058 88,710 59,718 
Investment management and fiduciary revenue39,763 36,648 35,475 146,945 131,050 
Deposit service charges6,844 6,837 6,543 26,664 25,393 
Mortgage banking activities, net1,634 2,067 1,119 7,565 4,799 
Loan and lease fee income1,939 1,513 1,535 6,681 5,718 
Unrealized gain on equity investment, net— — 338 — 329 
Realized gain on sale of equity investment, net123 56 9,493 2,309 9,493 
Bank-owned life insurance income1,191 1,540 675 4,724 4,642 
Other income11,268 16,876 14,969 57,322 48,729 
83,307 90,158 87,205 340,920 289,871 
Noninterest expense:
Salaries, benefits and other compensation87,503 86,124 69,524 332,682 289,193 
Occupancy expense9,118 9,595 12,115 37,579 42,184 
Equipment expense12,922 12,076 11,077 47,744 42,242 
Data processing and operations expense4,829 4,985 4,692 18,281 19,054 
Professional fees7,083 3,819 6,031 20,164 21,200 
Marketing expense1,969 2,053 1,984 7,824 7,914 
FDIC expenses2,912 2,882 7,908 12,166 15,887 
Loan workout and other credit costs646 1,684 560 2,123 852 
Corporate development expense61 46 282 473 3,931 
Restructuring expense2,193 — 557 2,193 (230)
Other operating expenses39,890 40,459 32,916 156,460 119,406 
169,126 163,723 147,646 637,689 561,633 
Income before taxes84,352 85,517 92,870 347,259 365,270 
Income tax provision20,197 21,108 29,365 83,764 96,245 
Net income64,155 64,409 63,505 263,495 269,025 
Less: Net loss attributable to noncontrolling interest(47)(26)(403)(176)(131)
Net income attributable to WSFS$64,202 $64,435 $63,908 $263,671 $269,156 
Diluted earnings per share of common stock:$1.09 $1.08 $1.05 $4.41 $4.40 
Weighted average shares of common stock outstanding for fully diluted EPS59,078,572 59,393,651 60,772,603 59,738,889 61,220,647 
See “Notes”

wsfs_corp2.jpg
WSFS Bank CenterWSFS Bank Place
16
500 Delaware Avenue1818 Market Street
Wilmington, DE 19801Philadelphia, PA 19103
WSFS FINANCIAL CORPORATION
FINANCIAL HIGHLIGHTS
SUMMARY STATEMENTS OF INCOME (Unaudited) - continued
Three months endedTwelve months ended
 December 31, 2024September 30, 2024December 31, 2023December 31, 2024December 31, 2023
Performance Ratios:
Return on average assets (a)1.21 %1.22 %1.25 %1.27 %1.33 %
Return on average equity (a)9.66 9.95 11.12 10.40 11.70 
Return on average tangible common equity (a)(o)16.17 16.96 20.83 17.91 21.73 
Net interest margin (a)(b)3.80 3.78 3.99 3.82 4.11 
Efficiency ratio (c)64.57 61.08 55.56 60.85 55.24 
Noninterest income as a percentage of total net revenue (b)31.80 33.64 32.81 32.53 28.51 
See “Notes”

wsfs_corp2.jpg
WSFS Bank CenterWSFS Bank Place
17
500 Delaware Avenue1818 Market Street
Wilmington, DE 19801Philadelphia, PA 19103
WSFS FINANCIAL CORPORATION
FINANCIAL HIGHLIGHTS (Continued)
SUMMARY STATEMENTS OF FINANCIAL CONDITION (Unaudited)
(Dollars in thousands)December 31, 2024September 30, 2024December 31, 2023
Assets:
Cash and due from banks$722,722 $571,798 $629,310 
Cash in non-owned ATMs430,320 414,931 458,889 
Investment securities, available-for-sale3,510,648 3,737,119 3,846,537 
Investment securities, held-to-maturity1,015,161 1,026,305 1,058,557 
Other investments31,765 38,662 37,533 
Net loans and leases (e)(f)(l)13,045,917 13,166,805 12,612,470 
Bank owned life insurance36,565 35,658 42,762 
Goodwill and intangibles988,160 992,163 1,004,560 
Other assets1,033,045 921,768 904,054 
Total assets$20,814,303 $20,905,209 $20,594,672 
Liabilities and Stockholders’ Equity:
Noninterest-bearing deposits$4,987,753 $4,685,957 $4,917,297 
Interest-bearing deposits12,042,055 11,741,074 11,505,113 
Total customer deposits17,029,808 16,427,031 16,422,410 
Brokered deposits— — 51,676 
Total deposits17,029,808 16,427,031 16,474,086 
Federal Home Loan Bank advances51,040 43,158 — 
Other borrowings332,567 1,032,003 895,076 
Other liabilities821,512 736,002 755,695 
Total liabilities18,234,927 18,238,194 18,124,857 
Stockholders’ equity of WSFS2,589,752 2,678,264 2,477,636 
Noncontrolling interest(10,376)(11,249)(7,821)
Total stockholders' equity2,579,376 2,667,015 2,469,815 
Total liabilities and stockholders' equity$20,814,303 $20,905,209 $20,594,672 
Capital Ratios:
Equity to asset ratio12.44 %12.81 %12.03 %
Tangible common equity to tangible asset ratio (o)8.08 8.47 7.52 
Common equity Tier 1 capital (required: 4.5%; well capitalized: 6.5%) (g)13.88 13.46 13.72 
Tier 1 leverage (required: 4.00%; well-capitalized: 5.00%) (g)11.03 10.68 10.92 
Tier 1 risk-based capital (required: 6.00%; well-capitalized: 8.00%) (g)13.88 13.46 13.72 
Total risk-based capital (required: 8.00%; well-capitalized: 10.00%) (g)15.13 14.71 14.96 
Asset Quality Indicators:
Nonperforming assets:
Nonaccruing loans (t)$122,181 $90,039 $74,185 
Assets acquired through foreclosure5,204 1,301 1,569 
Total nonperforming assets$127,385 $91,340 $75,754 
Past due loans (h)$9,202 $31,714 $11,584 
Troubled loans (u)151,288 166,754 95,268 
Allowance for credit losses195,288 197,497 186,134 
Ratio of nonperforming assets to total assets0.61 %0.44 %0.37 %
Ratio of allowance for credit losses to total loans and leases (q)1.48 1.48 1.46 
Ratio of allowance for credit losses to nonaccruing loans160 219 251 
Ratio of quarterly net charge-offs to average gross loans (a)(e)(i)(n)0.31 0.58 0.46 
Ratio of year-to-date net charge-offs to average gross loans (a)(e)(i)(n)0.40 0.43 0.44 
See “Notes”

wsfs_corp2.jpg
WSFS Bank CenterWSFS Bank Place
18
500 Delaware Avenue1818 Market Street
Wilmington, DE 19801Philadelphia, PA 19103
WSFS FINANCIAL CORPORATION
FINANCIAL HIGHLIGHTS (Continued) 
AVERAGE BALANCE SHEET (Unaudited)
(Dollars in thousands)Three months ended
 December 31, 2024September 30, 2024December 31, 2023
 Average
Balance		Interest &
Dividends		Yield/
Rate
(a)(b)		Average
Balance		Interest &
Dividends		Yield/
Rate
(a)(b)		Average
Balance		Interest &
Dividends		Yield/
Rate
(a)(b)
Assets:
Interest-earning assets:
Loans: (e) (j)
Commercial loans and leases (p)$5,234,307 $89,784 6.84 %$5,246,721 $93,594 7.11 %$5,049,932 $89,474 7.04 %
Commercial real estate loans (s)4,939,610 84,415 6.80 4,952,571 89,516 7.19 4,757,766 85,717 7.15 
Residential mortgage953,099 12,604 5.29 924,830 11,916 5.15 865,631 10,176 4.70 
Consumer loans2,112,283 39,039 7.35 2,112,423 39,909 7.52 1,992,434 38,495 7.67 
Loans held for sale49,455 1,044 8.40 50,556 1,042 8.20 46,227 898 7.71 
Total loans and leases13,288,754 226,886 6.80 13,287,101 235,977 7.07 12,711,990 224,760 7.02 
Mortgage-backed securities (d)4,295,179 24,995 2.33 4,354,462 25,348 2.33 4,376,102 26,245 2.40 
Investment securities (d)366,981 2,188 2.64 366,098 2,184 2.62 356,495 2,184 2.72 
Other interest-earning assets765,240 9,270 4.82 709,358 9,875 5.54 291,626 4,042 5.50 
Total interest-earning assets$18,716,154 $263,339 5.61 %$18,717,019 $273,384 5.82 %$17,736,213 $257,231 5.76 %
Allowance for credit losses(196,740)(199,380)(179,030)
Cash and due from banks189,730 189,523 263,724 
Cash in non-owned ATMs387,114 387,019 396,589 
Bank owned life insurance36,350 35,689 91,769 
Other noninterest-earning assets1,917,671 1,931,521 2,009,939 
Total assets$21,050,279 $21,061,391 $20,319,204 
Liabilities and stockholders’ equity:
Interest-bearing liabilities:
Interest-bearing deposits:
Interest-bearing demand$2,843,613 $8,460 1.18 %$2,806,850 $9,074 1.29 %$2,941,311 $7,966 1.07 %
Savings1,480,650 1,922 0.52 1,519,457 2,038 0.53 1,646,314 1,614 0.39 
Money market5,323,856 44,797 3.35 5,125,286 46,686 3.62 4,760,003 40,373 3.37 
Customer time deposits2,155,891 23,362 4.31 2,061,526 22,849 4.41 1,763,678 15,766 3.55 
Total interest-bearing customer deposits11,804,010 78,541 2.65 11,513,119 80,647 2.79 11,111,306 65,719 2.35 
Brokered deposits— — — — — — 119,843 1,600 5.30 
Total interest-bearing deposits11,804,010 78,541 2.65 11,513,119 80,647 2.79 11,231,149 67,319 2.38 
Federal Home Loan Bank advances71,331 828 4.62 108,196 1,472 5.41 14,620 213 5.78 
Trust preferred borrowings90,806 1,655 7.25 90,753 1,749 7.67 90,606 1,782 7.80 
Senior and subordinated debt218,593 2,354 4.31 218,535 2,446 4.48 218,362 2,455 4.50 
Other borrowed funds171,873 1,754 4.06 816,373 9,566 4.66 635,512 7,335 4.58 
Total interest-bearing liabilities$12,356,613 $85,132 2.74 %$12,746,976 $95,880 2.99 %$12,190,249 $79,104 2.57 %
Noninterest-bearing demand deposits5,289,024 4,979,859 4,965,356 
Other noninterest-bearing liabilities772,531 770,572 889,962 
Stockholders’ equity of WSFS2,643,325 2,575,182 2,281,076 
Noncontrolling interest(11,214)(11,198)(7,439)
Total liabilities and equity$21,050,279 $21,061,391 $20,319,204 
Excess of interest-earning assets over interest-bearing liabilities$6,359,541 $5,970,043 $5,545,964 
Net interest and dividend income$178,207 $177,504 $178,127 
Interest rate spread2.87 %2.83 %3.19 %
Net interest margin3.80 %3.78 %3.99 %
See “Notes”

wsfs_corp2.jpg
WSFS Bank CenterWSFS Bank Place
19
500 Delaware Avenue1818 Market Street
Wilmington, DE 19801Philadelphia, PA 19103
WSFS FINANCIAL CORPORATION
FINANCIAL HIGHLIGHTS (Continued)
(Unaudited)
 
(Dollars in thousands, except per share data)Three months endedTwelve months ended
Stock Information:December 31, 2024September 30, 2024December 31, 2023December 31, 2024December 31, 2023
Market price of common stock:
High$62.75$58.59$47.97$62.75$51.77
Low47.8745.4233.1240.2029.59
Close53.1350.9945.9353.1345.93
Book value per share of common stock44.1545.3740.93
Tangible common book value (TBV) per share of common stock (o)27.3028.5624.33
Number of shares of common stock outstanding (000s)58,65759,03360,538
Other Financial Data:
One-year repricing gap to total assets (k)2.26%(0.78)%(0.14)%
Weighted average duration of the MBS portfolio5.9 years5.7 years5.8 years
Unrealized losses on securities available for sale, net of taxes$(537,790)$(420,815)$(499,932)
Number of Associates (FTEs) (m)2,3092,3162,229
Number of offices (branches, LPO’s, operations centers, etc.)114114114
Number of WSFS owned and branded ATMs567569590
Notes:
(a)Annualized.
(b)Computed on a fully tax-equivalent basis.
(c)Noninterest expense divided by (tax-equivalent) net interest income and noninterest income.
(d)Includes securities held-to-maturity (at amortized cost) and securities available-for-sale (at fair value).
(e)Net of unearned income.
(f)Net of allowance for credit losses.
(g)Represents capital ratios of Wilmington Savings Fund Society, FSB and subsidiaries. Capital Ratios for the current quarter are to be considered preliminary until the Call Reports are filed.
(h)Accruing loans which are contractually past due 90 days or more as to principal or interest. Balance includes student loans, which are U.S. government guaranteed with little risk of credit loss.
(i)Excludes loans held for sale.
(j)Nonperforming loans are included in average balance computations.
(k)The difference between projected amounts of interest-sensitive assets and interest-sensitive liabilities repricing within one year divided by total assets, based on a current interest rate scenario.
(l)Includes loans held for sale and reverse mortgages.
(m)Includes seasonal Associates, when applicable.
(n)Excludes reverse mortgage loans.
(o)The Company uses non-GAAP (United States Generally Accepted Accounting Principles) financial information in its analysis of the Company’s performance. The Company’s management believes that these non-GAAP financial measures provide a greater understanding of ongoing operations, enhance comparability of results of operations with prior periods and show the effects of significant gains and charges in the periods presented. The Company’s management believes that investors may use these non-GAAP financial measures to analyze the Company’s financial performance without the impact of unusual items or events that may obscure trends in the Company’s underlying performance. This non-GAAP data should be considered in addition to results prepared in accordance with GAAP, and is not a substitute for, or superior to, GAAP results. For a reconciliation of these and other non-GAAP financial measures to their comparable GAAP measures, see "Non-GAAP Reconciliation" at the end of the press release.
(p)Includes commercial & industrial loans and commercial small business leases.
(q)Represents amortized cost basis for loans and leases.
(r)Includes provision for credit losses, loan workout expenses, OREO expenses and other credit costs.
(s)Includes commercial mortgage and commercial construction loans.
(t)Includes nonaccruing troubled loans.
(u)Represents loans modified in the form of principal forgiveness, interest rate reduction, an other-than-insignificant payment delay, or a term extension to borrowers experiencing financial difficulty.

wsfs_corp2.jpg
WSFS Bank CenterWSFS Bank Place
20
500 Delaware Avenue1818 Market Street
Wilmington, DE 19801Philadelphia, PA 19103
WSFS FINANCIAL CORPORATION 
FINANCIAL HIGHLIGHTS (Continued)
(Dollars in thousands, except per share data)
(Unaudited)
 
Non-GAAP Reconciliation (o):Three months endedTwelve months ended
 December 31, 2024September 30, 2024December 31, 2023December 31, 2024December 31, 2023
Net interest income (GAAP)$178,207 $177,504 $178,127 $705,438 $725,103 
Core net interest income (non-GAAP)178,207 177,504 178,127 705,438 725,103 
Noninterest income (GAAP)83,307 90,158 87,205 340,920 289,871 
Less: Unrealized gain on equity investments, net— — 338 — 329 
Less: Realized gain on sale of equity investment, net123 56 9,493 2,309 9,493 
Less/(plus): Visa derivative valuation adjustment— — (605)2,829 (2,460)
Core fee revenue (non-GAAP)$83,184 $90,102 $77,979 $335,782 $282,509 
Core net revenue (non-GAAP)$261,391 $267,606 $256,106 $1,041,220 $1,007,612 
Core net revenue (non-GAAP)(tax-equivalent)$261,811 $267,991 $256,523 $1,042,785 $1,009,427 
Noninterest expense (GAAP)$169,126 $163,723 $147,646 $637,689 $561,633 
Less: FDIC special assessment— — 5,052 880 5,052 
Less: Corporate development expense61 46 282 473 3,931 
Less/(plus): Restructuring expense2,193 — 557 2,193 (230)
Plus: Remeasurement of lease liability(112)— — (112)— 
Less: Contribution to WSFS CARES Foundation— — 2,000 — 2,000 
Core noninterest expense (non-GAAP)$166,984 $163,677 $139,755 $634,255 $550,880 
Core efficiency ratio (non-GAAP)63.8 %61.1 %54.5 %60.8 %54.6 %
Core fee revenue ratio (non-GAAP) (b)31.8 %33.6 %30.4 %32.2 %28.0 %
 End of period
 December 31, 2024September 30, 2024December 31, 2023
Total assets (GAAP)$20,814,303 $20,905,209 $20,594,672 
Less: Goodwill and other intangible assets988,160 992,163 1,004,560 
Total tangible assets (non-GAAP)$19,826,143 $19,913,046 $19,590,112 
Total stockholders’ equity of WSFS (GAAP)$2,589,752 $2,678,264 $2,477,636 
Less: Goodwill and other intangible assets988,160 992,163 1,004,560 
Total tangible common equity (non-GAAP)$1,601,592 $1,686,101 $1,473,076 
Tangible common book value (TBV) per share:
Book value per share (GAAP)$44.15 $45.37 $40.93 
Tangible common book value per share (non-GAAP)27.30 28.56 24.33 
Tangible common equity to tangible assets:
Equity to asset ratio (GAAP)12.44 %12.81 %12.03 %
Tangible common equity to tangible assets ratio (non-GAAP)8.08 8.47 7.52 





wsfs_corp2.jpg
WSFS Bank CenterWSFS Bank Place
21
500 Delaware Avenue1818 Market Street
Wilmington, DE 19801Philadelphia, PA 19103
Non-GAAP Reconciliation - continued (o):Three months endedTwelve months ended
December 31, 2024September 30, 2024December 31, 2023December 31, 2024December 31, 2023
GAAP net income attributable to WSFS$64,202 $64,435 $63,908 $263,671 $269,156 
Plus/(less): Pre-tax adjustments: Realized/unrealized gain on equity investments, net, Visa derivative valuation adjustment, FDIC special assessment, corporate development and restructuring expense, remeasurement of lease liability, and contribution to WSFS CARES Foundation2,019 (10)(1,335)(1,704)3,391 
Plus: Tax adjustments: BOLI surrender— — 7,056 — 7,056 
(Plus)/less: Tax impact of pre-tax adjustments(445)2 65 485 (764)
Adjusted net income (non-GAAP) attributable to WSFS$65,776 $64,427 $69,694 $262,452 $278,839 
GAAP return on average assets (ROA)1.21 %1.22 %1.25 %1.27 %1.33 %
Plus/(less): Pre-tax adjustments: Realized/unrealized gain on equity investments, net, Visa derivative valuation adjustment, FDIC special assessment, corporate development and restructuring expense, remeasurement of lease liability, and contribution to WSFS CARES Foundation0.04 — (0.03)(0.01)0.02 
Plus: Tax adjustments: BOLI surrender— — 0.14 — 0.03 
(Plus)/less: Tax impact of pre-tax adjustments(0.01)— — — — 
Core ROA (non-GAAP)1.24 %1.22 %1.36 %1.26 %1.38 %
Earnings per share (diluted) (GAAP)$1.09 $1.08 $1.05 $4.41 $4.40 
Plus/(less): Pre-tax adjustments: Realized/unrealized gain on equity investments, net, Visa derivative valuation adjustment, FDIC special assessment, corporate development and restructuring expense, remeasurement of lease liability, and contribution to WSFS CARES Foundation0.03 — (0.02)(0.03)0.05 
Plus: Tax adjustments: BOLI surrender— — 0.12 — 0.12 
(Plus)/less: Tax impact of pre-tax adjustments(0.01)— — 0.01 (0.02)
Core earnings per share (non-GAAP)$1.11 $1.08 $1.15 $4.39 $4.55 
Calculation of return on average tangible common equity:
GAAP net income attributable to WSFS$64,202 $64,435 $63,908 $263,671 $269,156 
Plus: Tax effected amortization of intangible assets2,965 2,949 2,976 11,893 11,724 
Net tangible income (non-GAAP)$67,167 $67,384 $66,884 $275,564 $280,880 
Average stockholders’ equity of WSFS$2,643,325 $2,575,182 $2,281,076 $2,535,737 $2,300,467 
Less: Average goodwill and intangible assets990,762 994,818 1,007,136 996,899 1,008,128 
Net average tangible common equity$1,652,563 $1,580,364 $1,273,940 $1,538,838 $1,292,339 
Return on average tangible common equity (non-GAAP)16.17 %16.96 %20.83 %17.91 %21.73 %





wsfs_corp2.jpg
WSFS Bank CenterWSFS Bank Place
22
500 Delaware Avenue1818 Market Street
Wilmington, DE 19801Philadelphia, PA 19103
Non-GAAP Reconciliation - continued (o):Three months endedTwelve months ended
December 31, 2024September 30, 2024December 31, 2023December 31, 2024December 31, 2023
Calculation of core return on average tangible common equity:
Adjusted net income (non-GAAP) attributable to WSFS$65,776 $64,427 $69,694 $262,452 $278,839 
Plus: Tax effected amortization of intangible assets2,965 2,949 2,976 11,893 11,724 
Core net tangible income (non-GAAP)$68,741 $67,376 $72,670 $274,345 $290,563 
Net average tangible common equity$1,652,563 $1,580,364 $1,273,940 $1,538,838 $1,292,339 
Core return on average tangible common equity (non-GAAP)16.55 %16.96 %22.63 %17.83 %22.48 %
Calculation of PPNR:
Net income (GAAP)$64,155 $64,409 $63,505 $263,495 $269,025 
Plus: Income tax provision 20,197 21,108 29,365 83,764 96,245 
Plus: Provision for credit losses8,036 18,422 24,816 61,410 88,071 
PPNR (non-GAAP)$92,388 $103,939 $117,686 $408,669 $453,341 

1 WSFS Financial Corporation 4Q 2024 Earnings Release Supplement January 2025 Exhibit 99.2

 
2 Forward Looking Statements & Non-GAAP Forward Looking Statements: This presentation contains estimates, predictions, opinions, projections and other "forward-looking statements" as that phrase is defined in the Private Securities Litigation Reform Act of 1995. Such statements include, without limitation, references to the Company's predictions or expectations of future business or financial performance as well as its goals and objectives for future operations, financial and business trends, business prospects, and management's outlook or expectations for earnings, revenues, expenses, capital levels, liquidity levels, asset quality or other future financial or business performance, strategies or expectations. The words “believe,” “expect,” “anticipate,” “plan,” “estimate,” “target,” “project” and similar expressions, among others, generally identify forward- looking statements. Such forward-looking statements are based on various assumptions (some of which may be beyond the Company's control) and are subject to significant risks and uncertainties (which change over time) and other factors, including the impacts related to or resulting from bank failures and other economic and industry volatility, including potential increased regulatory requirements and costs and potential impacts to macroeconomic conditions, the uncertain effects of geopolitical instability, armed conflicts, public health crises, inflation, interest rates and actions taken in response thereto on our business, results of operations, capital and liquidity, which could cause actual results to differ materially from those currently anticipated. Such risks and uncertainties are discussed in detail in the Company’s Form 10-K for the year ended December 31, 2023, Form 10-Q for the quarter ended March 31, 2024, Form 10-Q for the quarter ended June 30, 2024, Form 10-Q for the quarter ended September 30, 2024, and other documents filed by the Company with the Securities and Exchange Commission from time to time. We caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date on which they are made, and the Company disclaims any duty to revise or update any forward-looking statement, whether written or oral, that may be made from time to time by or on behalf of the Company for any reason, except as specifically required by law. As used in this presentation, the terms "WSFS", "the Company", "registrant", "we", "us", and "our" mean WSFS Financial Corporation and its subsidiaries, on a consolidated basis, unless the context indicates otherwise. Non-GAAP Financial Measures: This presentation contains financial measures determined by methods other than in accordance with accounting principles generally accepted in the United States (“GAAP”). These non-GAAP measures include Core Earnings Per Share (“EPS”), Core Net Income, Core Fee Revenue, Core Fee Revenue ratio, Core Efficiency ratio, Pre-provision Net Revenue (“PPNR”), Core PPNR, PPNR to average assets ratio, Core PPNR to average assets ratio, Core Return on Assets (“ROA”), core net interest income, Core Net Interest Margin (“NIM”), Tangible Common Equity (“TCE”), tangible assets, Return on Average Tangible Common Equity (“ROTCE”), Core ROTCE, Core Fee Revenue, Core Fee Revenue ratio, net tangible income, tangible common book value (“TBV”), coverage ratio including the remaining credit marks, and Effective AOCI. The Company’s management believes that these non-GAAP measures provide a greater understanding of ongoing operations, enhance comparability of results of operations with prior periods and show the effects of significant gains and charges in the periods presented. The Company’s management believes that investors may use these non-GAAP measures to analyze the Company’s financial performance without the impact of unusual items or events that may obscure trends in the Company’s underlying performance. This non-GAAP data should be considered in addition to results prepared in accordance with GAAP, and is not a substitute for, or superior to, GAAP results. For a reconciliation of these non-GAAP measures to their comparable GAAP measures, see the Appendix. Trade names, trademarks and service marks of other companies appearing in this presentation are the property of their respective holders.

 
3 Financial Highlights Highlights: • Customer Deposits increased $602.8mm in 4Q, resulting in a full-year increase of $607.4mm or 4% • Growth was broad-based; driven by Trust, Consumer, and Commercial • Loans declined $123.1mm in 4Q, resulting in a full-year increase of $442.6mm or 3% • QoQ decline driven by higher seasonal Commercial payoffs and runoff in the Consumer partnership portfolio • 4Q NIM of 3.80% reflects deposit repricing actions and higher noninterest deposits partially offset by lower loan yields • Core Fee Revenue1 of $83.2mm; down 8% QoQ and up 7% YoY • Up 15% YoY when excluding the termination of a Cash Connect® relationship and Spring EQ-related fees1 • Record year in Wealth & Trust, capped by a quarterly record of $40.3mm this quarter 1 These are non-GAAP financial measures and should be considered along with results prepared in accordance with GAAP, and not as a substitute for GAAP results. See Appendix for reconciliation to GAAP financial information. 2 Excludes net income that is attributable to noncontrolling interest Reported Core1 $ in millions (except per share amounts) 4Q24 FY24 4Q24 FY24 EPS $1.09 $4.41 $1.11 $4.39 ROA 1.21% 1.27% 1.24% 1.26% Net Income2 $64.2 $263.7 $65.8 $262.5 PPNR $92.4 $408.7 $94.4 $407.0 ROTCE1 16.17% 17.91% 16.55% 17.83% NIM3 3.80% 3.82% 3.80% 3.82% Fee Revenue %3 31.8% 32.5% 31.8% 32.2% Efficiency Ratio 64.6% 60.9% 63.8% 60.8% ACL Ratio4 1.48% 1.48% 1.48% 1.48% Bank CET1 13.88% 13.88% 13.88% 13.88% 3 Tax-equivalent 4 ACL Ratio excludes HTM securities

 
4 Up-cycle Deposit Betas3,4 50% 51% 35% 36% 0% 15% 30% 45% 60% 2Q 2024 3Q 2024 De po sit B et a Int-Only Total Net Interest Margin Trends Reflects growing core deposits while maintaining favorable funding costs 1 Includes noninterest and interest-bearing; interest-bearing deposits include demand, money market, savings, and customer time deposits 2 Average total loans yield excludes PAA 3 Deposit betas are based on cumulative customer deposit costs for the up-cycle rate and down-cycle rate (9/24); assumes Fed Funds of 4.50% 4 Betas are the average of the last month in a respective quarter; exit is based on the last business date in a respective quarter • 4Q NIM up 2bps QoQ to 3.80% • Reduced total funding cost by 23bps in 4Q • Benefited from active repricing actions and higher noninterest deposits, partially offset by lower loan yields • Dec’24 Average: NIM of 3.80% and total deposit cost of 1.75% 26% ~35% 22% ~25% 0% 15% 30% 45% 60% 4Q 2024 Dec'24 Exit De po sit B et a Int-Only Total Down-cycle Deposit Betas3,4 1.62% 1.79% 1.89% 1.95% 1.83% 1.83% 1.99% 2.09% 2.15% 1.92% 6.92% 6.95% 7.03% 7.01% 6.72% 2.0% 3.2% 4.4% 5.6% 6.8% 8.0% 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 4Q 2023 1Q 2024 2Q 2024 3Q 2024 4Q 2024 Lo an Y ie ld (% ) Cu st om er D ep os it Co st (% ) Total Deposit Cost Total Funding Cost Total Loans Ex PAA Yield Average Deposit Cost and Loan Yield 1 2

 
5 Loan Portfolio Highlights • Commercial: New originations remain strong with seasonally higher payoffs • Payoffs include a combination of refinancing activity and property/business sales • Line utilization of 36.5%, down from 38.2% last quarter mainly due to an increase in new C&I commitments • Consumer: Decline due to $44mm decrease in Spring EQ and $25mm in Upstart loans, partially offset by growth in WSFS-originated loans (residential mortgage and relationship-based Consumer products) Mid-single digit loan growth in C&I and CRE with 3% overall loan growth in 2024 1 Includes new loans, existing new funding, paydowns, payoffs, and prior Commercial runoff portfolios. Excludes reclasses, HFS, purchase accounting mark/unearned changes, and Commercial leases 2 C&I loans includes Owner-Occupied Real Estate ($ in millions) Dec 2024 Sept 2024 Dec 2023 QoQ $ Growth Annualized % Growth YoY $ Growth % Growth C & I Loans2 $4,652 $4,661 $4,443 ($9) (1%) $209 5% Commercial Mortgages (CRE) 4,031 4,149 3,801 (118) (11%) 230 6% Construction Loans 832 806 1,036 26 13% (204) (20%) Commercial Leases 648 645 624 3 2% 24 4% Total Commercial Loans $10,163 $10,261 $9,904 ($98) (4%) $259 3% Residential Mortgage (HFS/HFI) 992 965 882 27 11% 110 12% Consumer Loans 2,086 2,138 2,012 (52) (10%) 74 4% Total Gross Loans $13,241 $13,364 $12,798 ($123) (4%) $443 3% EOP Loans - QoQ and YoY $400 $326 $364 $353 $330 ($379) ($241) ($285) ($254) ($441) $(600) $(400) $(200) - $200 $400 $600 4Q23 1Q24 2Q24 3Q24 4Q24 New Loans Fundings Paydown/Payoffs Commercial Portfolio: New Net Loan Fundings ($mm)1

 
6 Deposit Highlights • $602.8mm (4% not annualized) increase in ending Customer Deposits this quarter • Driven by Trust, Consumer, and Commercial deposits, partially offset by expected declines in Munis • 51% of Customer Deposits are coming from Commercial, Small Business, and Wealth & Trust • Consistently averaging over 30% noninterest deposits Broad-based core deposit growth while actively managing pricing Consumer 48% Commercial 24% Small Business 12% Trust 10% Wealth 5% Other 1% Average Customer Deposits By Business Line 11% 11% 12% 13% 12% 40% 42% 41% 40% 40% 18% 17% 17% 17% 17% 31% 30% 30% 30% 31% 0% 20% 40% 60% 80% 100% 4Q23 1Q24 2Q24 3Q24 4Q24 Noninterest Interest-bearing Savings/MM Time Average Total Customer Deposit Mix ($ in millions) Dec 2024 Sept 2024 Dec 2023 QoQ $ Growth Annualized % Growth YoY $ Growth % Growth Noninterest Demand $4,988 $4,686 $4,917 $302 26% $71 1% Interest-bearing Demand 2,973 2,931 2,936 42 6% 37 1% Savings 1,466 1,489 1,610 (23) (6%) (144) (9%) Money Market 5,472 5,178 5,175 294 23% 297 6% Total Core Deposits $14,899 $14,284 $14,638 $615 17% $261 2% Customer Time Deposits 2,131 2,143 1,784 (12) (2%) 347 19% Total Customer Deposits $17,030 $16,427 $16,422 $603 15% $608 4% EOP Deposits by Product - QoQ and YoY

 
7 $19 $17 $17 $21 $18 $23 $26 $31 $32 $25 $36 $33 $38 $37 $40 $78 $76 $86 $90 $83 $- $10 $20 $30 $40 $50 $60 $70 $80 $90 $100 4Q 2023 1Q 2024 2Q 2024 3Q 2024 4Q 2024 Co re F ee R ev en ue ($ m m )2 Banking Cash Connect Wealth Management3 Core Fee Revenue1 31.8% Core Fee Revenue ratio with record quarterly fees in Wealth Management 1 This is a non-GAAP financial measure and should be considered along with results prepared in accordance with GAAP, and not as a substitute for GAAP results. See Appendix for reconciliation to GAAP financial information. 2 Tax-equivalent basis 3 Banking includes deposit service charges, SBA loan sales, loan and lease fees, credit and debit revenue, capital markets, mortgage, and other banking related fees Wealth Management: • Institutional Services growth driven by higher paying agent, custody, and verification fees • The Bryn Mawr Trust Company of Delaware grew from new relationships and higher volume Cash Connect®: • Impacted by lower interest rates as well as one relationship that was terminated in 4Q • This relationship reduced 4Q fees by $2.8mm; excluding this termination, Cash Connect® would be down $3.6mm ($2.1mm rate-driven and $1.5mm seasonally lower volume) Banking: • Decline driven by prior quarter’s Spring EQ annual earnout as well as lower Capital Markets and Mortgage fees ®

 
8 3 Commercial Loan Composition1 1 As defined by the North American Industry Classification System (NAICS) 2 Based on the underlying real estate collateral 3 Concentration limits are based on relationship exposure, and Tier-1 + ACL; as of December 31, 2024 2 Highly diversified C&I, Owner-Occupied, CRE, and Construction Portfolios C&I and Owner-Occupied $4.7 billion CRE and Construction2 $4.9 billion Hotels, 13% Other Services (except Public Admin), 11% Healthcare & Social Assistance, 9% Construction, 9% Manufacturing, 7% Real Estate Rental and Leasing, 5% Retail Trade, 7% Finance & Insurance, 9% Professional, Science & Tech., 5% Food Services, 5% Wholesale Trade, 4% Other, 16% Retail, 29% Residential Multifamily, 29% Office, 14% Flex, Warehouse, Self-Storage, General Industrial, 9% Residential 1-4, 11% Special Use & Other, 6% Medical Office, 2% • 22 distinct concentration limits3 • All in compliance • House limit of $100mm • No relationships > limit • 13 relationships over $50mm4 • <7% gross loans • CRE & Const./Tier 1 Capital + ACL: 199% • CRE & Const.: 36.7% of gross loans • Office5: 5.2% of gross loans • Multifamily: 10.8% of gross loans • Construction: 6.3% of gross loans Concentration Statistics 4 Based on relationship’s outstanding balances 5 Office portfolio includes a $18.8mm C&I loan, in participation with another bank, to a fund that is invested in office properties predominantly in East Coast suburban markets

 
9 $0.0 $0.1 $0.2 $0.3 $0.4 $0.5 $0.6 2025 2026 2027 2028 2029 Bi lli on s Volume of Maturing CRE Loans by Industry Office Multi-Family Industrial/Flex Retail Resi 1-4 Other CRE and Select Portfolios 1 Inclusive of Construction 2 Includes a $18.8mm C&I loan, in participation with another bank, to a fund that is invested in office properties predominantly in East Coast suburban markets 3 Office CRE portfolio excludes $97.1mm ($98.6mm exposure) of Medical Office CRE/Construction 4 Central Business District CRE Portfolio: • Granular with an average loan of $1.2mm; 9 relationships over $50mm • ~81% of the portfolio effectively has a fixed rate (~38% of the portfolio fixed with ~70% of the variable rate portfolio swapped) • Continually reviewing $2.5mm+ loans maturing in the next 24 months • ~$125mm of loans maturing in 2025 and ~$100mm in 2026 have a DSCR below 1.05x in a 7.50% interest rate scenario; proactively addressing all maturing loans • $689mm with $711mm exposure3; 5.2% of gross loans • $1.8mm average loan size • 78% Suburban and 22% Urban; 7% of Office is in CBD4 • 15 loans over $10mm; 3 loans >$20mm (largest ~$27mm) • Average LTV of ~60% at origination • 0% DLQ; 0% NCO; 2.7% NPA; 14% problem loans • 81% with recourse Office Portfolio1,2 • $1.4bn with $1.7bn exposure; 10.8% of gross loans • $3.0mm average loan size • 51% Suburban and 49% Urban; 6% of CRE Multifamily is in CBD4 • 23 loans over $20mm; largest loan ~$33mm • Average LTV of ~56% at origination • 2.3% DLQ; 0% NCO; <2% NPA; 7% problem loans • 88% with recourse Multifamily Portfolio1 13.7% 8.5% 11.0% 10.9% 13.3% Portfolio Maturity %

 
10 Asset Quality Metrics Problem Assets Nonperforming Assets (NPA) Delinquencies (DLQ) Net Charge-offs (NCO) $556 $573 $629 $722 $645 4.34% 4.41% 4.76% 5.40% 4.87% 0.0% 1.2% 2.4% 3.6% 4.8% 6.0% $300 $400 $500 $600 $700 $800 4Q23 1Q24 2Q24 3Q24 4Q24 M ill io ns Problem Assets % of Gross Loans $102 $105 $89 $148 $122 0.80% 0.81% 0.68% 1.11% 0.92% 0.0% 0.3% 0.6% 0.9% 1.2% 1.5% $0 $25 $50 $75 $100 $125 $150 $175 $200 4Q23 1Q24 2Q24 3Q24 4Q24 M ill io ns Delinquencies % of Gross Loans $8 $3 $9 $14 $6 $5 $5 $5 $4 $4 $1 $1 $1 $1 $1 0.46% 0.27% 0.44% 0.58% 0.31% 0.0% 0.1% 0.2% 0.3% 0.4% 0.5% 0.6% $0 $4 $8 $12 $16 $20 $24 $28 4Q23 1Q24 2Q24 3Q24 4Q24 M ill io ns Commercial Upstart Consumer % of Avg. Gross Loans $76 $67 $65 $91 $127 0.37% 0.33% 0.32% 0.44% 0.61% 0.0% 0.1% 0.2% 0.3% 0.4% 0.5% 0.6% 0.7% $0 $25 $50 $75 $100 $125 $150 4Q23 1Q24 2Q24 3Q24 4Q24 M ill io ns Nonperforming Assets % of Total Assets • Problem Assets: Decreased 53bps QoQ • 16bps driven by the full payoff of a large loan; remainder driven by upgrades • NPA: Increased 17bps QoQ • Primarily due to migration of one relationship in land and multifamily construction • NCO: Decreased 27bps QoQ • 20bps NCO excluding Upstart • Upstart expected to continue to decline as the portfolio runs off 4Q 2024 Performance 1 Includes NewLane 1 FY24 Commercial1 NCO: 24bps

 
11 ACL Ratio $165 $175 $185 $195 $205 9/30/2024 Net Loan Growth (ex. Upstart) Migration / NCOs / Other Upstart 12/31/2024 4Q 2024 ACL ($mm) $5 ($3) $195 ($4) 1 This is a non-GAAP financial measures and should be considered along with results prepared in accordance with GAAP, and not as a substitute for GAAP results. See Appendix for reconciliation to GAAP financial information 2 Includes a $18.8mm C&I loan, in participation with another bank, to a fund that is invested in office properties predominantly in East Coast suburban markets ACL Overview ACL and Coverage Ratio by Segment 4Q 2024 ACL Commentary 1.48% • ACL coverage ratio of 1.48%; 1.62% including estimated remaining credit mark on acquired loan portfolios1 • Upstart runoff partially offset by increased draw activity in Construction and one large downgrade to criticized in C&I • CRE Office portfolio ACL of 3.02%2 • FY GDP forecast of 2.6% in 2025 and 2.7% in 20263 • FY Unemployment forecast of 4.3% in 2025 and 4.0% in 202631.48% 1.31% 1.92% 1.48% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% 3.50% 4Q18 4Q19 4Q20 4Q21 4Q22 4Q23 4Q24 ACL % By Portfolio and Total4 Commercial Consumer and Leasing Total ACL% 6 3 Source: Oxford Economics as of December 2024 4 Percentages are over amortized cost of loans and leases (excluding HTM securities) 5 Hotel loan balances are included in the C&I and Construction segments 6 Commercial excludes Leasing $197 ($ millions) $ % $ % $ % C&I5 $49.4 1.95% $56.8 2.15% $57.1 2.15% Owner Occupied - R/E $10.7 0.57% $9.8 0.49% $9.1 0.46% CRE Investor $36.1 0.95% $49.0 1.18% $49.0 1.21% Construction5 $10.8 1.04% $8.3 1.04% $9.2 1.10% Resi Mortgage $5.5 0.63% $5.5 0.58% $5.6 0.58% Leases $15.2 2.43% $15.4 2.38% $16.0 2.47% HELOC & HEIL $8.4 1.27% $9.5 1.31% $10.0 1.33% Consumer Partnerships $47.2 4.01% $40.4 3.19% $36.5 3.06% Other $2.8 1.84% $2.8 1.95% $2.8 1.94% TOTAL $186.1 1.46% $197.5 1.48% $195.3 1.48% December 31, 2023 September 30, 2024 December 31, 2024

 
12 Investment Portfolio High-quality investment portfolio providing consistent cash flows and borrowing capacity 1 Investment portfolio value includes market value AFS and book value of HTM 2 Weighted average duration and yield of the MBS portfolio 3 This is a non-GAAP financial measure and should be considered along with results prepared in accordance with GAAP, and not as a substitute for GAAP results. See Appendix for reconciliation to GAAP financial information 4 Effective AOCI ($733.8mm) AFS and unrecognized fair value of HTM as of December 31, 2024 ; assumes all securities, including HTM, are sold at market prices; reported AOCI of ($624.9mm) • Targeting 18% - 20% of total assets over time • Forecasting P&I cash flows of $1bn+ over the next 24 months • Anticipated cash flows could fund ~3.5% annualized loan growth • Reported AOCI grew $124.9mm or 25.0% quarter-over-quarter Investments Investment Portfolio1 $4.53bn % of Total Assets 22% Portfolio Duration2 5.9yrs Portfolio Yield2 2.33% Agency MBS/Notes % >95% Reported AOCI ($624.9mm) Effective AOCI3,4 ($733.8mm) AFS Agency MBS Agency CMOs GNMA MBS/CMOs Agency Debent. HTM Agency MBS Munis $3.51bn $1.02bn $594 $637 $643 $500 $625 $0 $100 $200 $300 $400 $500 $600 $700 4Q23 1Q24 2Q24 3Q24 4Q24 M ill io ns Reported AOCI Trend

 
13 -$10.58 $27.30 -$20 -$10 $0 $10 $20 $30 $40 4Q20 2Q21 4Q21 2Q22 4Q22 2Q23 4Q23 2Q24 4Q24 TBV and AOCI per Share AOCI/share TBV/share 10.03% 9.64% 11.36% 8.08% 3.85% 1.39% 3.77% 1.61% 13.88% 11.03% 15.13% 9.69% 0% 4% 8% 12% 16% Bank CET1 Bank Leverage Bank TRBC Corp. TCE Effective AOCI Well-capitalized Reported Capital All capital ratios remain above “well-capitalized”; TBV impacted by AOCI 4Q24 Capital Ratios including Effective AOCI1 Impact 1 Effective AOCI ($733.8mm) includes AFS and unrecognized fair value of HTM as of December 31, 2024; reported AOCI of ($624.9mm) 2 This is a non-GAAP financial measure and should be considered along with results prepared in accordance with GAAP, and not as a substitute for GAAP results. See Appendix for reconciliation to GAAP financial information 2 • $27.30 TBV per share includes a negative impact of $10.58 per share related to Reported AOCI1 • 12% YoY growth in TBV • Effective AOCI represents the impact of a full liquidation of the investment portfolio • Corp. TCE increases 1.61% to 9.69%, when considering Effective AOCI 2

 
14 3 2025 Outlook Loan Growth Mid-single digit growth in Commercial Consumer flat due to Partnership portfolio runoff Deposit Growth Low-single digit growth Broad-based growth across our businesses Net Interest Margin +/-3.80% IB deposit beta of ~40% by year-end Fee Revenue Growth Mid-single digit growth Double-digit growth in Wealth & Trust Net Charge-offs 0.35% - 0.45% of average loans ~5bps related to Upstart Efficiency Ratio +/-60% Continued franchise investment Tax Rate Approximately 24% Full-Year Core ROA1 Outlook of +/-1.25%; Continuing to deliver high-performance and growth 1 The Company is not able to reconcile the forward-looking non-GAAP estimates set forth above to their most directly comparable GAAP estimates without unreasonable efforts because it is unable to predict, forecast or determine the probable significance of the items impacting these estimates with a reasonable degree of accuracy2 2 Assumes one 25bp rate cut in June and FY GDP of 2.6% in 2025 2025 Core Outlook1

 
15 Non-GAAP Financial Information Appendix:

 
16 Non-GAAP Information This presentation contains financial measures determined by methods other than in accordance with accounting principles generally accepted in the United States (GAAP). This presentation may include the following non-GAAP measures: • Adjusted Net Income (non-GAAP) attributable to WSFS is a non-GAAP measure that adjusts net income determined in accordance with GAAP to exclude the realized/unrealized gains (losses) on equity investments, net, Visa derivative valuation adjustment, FDIC special assessment, corporate development and restructuring expense, remeasurement of lease liability, and contribution to WSFS CARES Foundation; • Core noninterest income, also called Core Fee Revenue, is a non-GAAP measure that adjusts noninterest income as determined in accordance with GAAP to exclude the impact of realized/unrealized gains (losses) on equity investments, net, and Visa derivative valuation adjustment; • Core fee revenue ratio (%) is a non-GAAP measure that divides (i) Core Fee Revenue by (ii) Core Net Revenue (tax-equivalent); • Adjusted core fee revenue is a non-GAAP measure that adjusts core fee revenue to exclude (i) the termination of a Cash Connect® relationship and (ii) Spring EQ-related fees; • Core net interest income is a non-GAAP measure that adjusts net interest income to exclude the impact of certain dividends; • Core Earnings Per Share (EPS) is a non-GAAP measure that divides (i) Adjusted Net Income (non-GAAP) attributable to WSFS by (ii) weighted average shares of common stock outstanding for the applicable period; • Core Net Revenue is a non-GAAP measure that adds (i) core net interest income and (ii) Core Fee Revenue; • Core noninterest expense is a non-GAAP measure that adjusts noninterest expense as determined in accordance with GAAP to exclude FDIC special assessment, corporate development and restructuring expenses, remeasurement of lease liability, and contribution to WSFS CARES Foundation; • Core Efficiency Ratio is a non-GAAP measure that divides (i) core noninterest expense by (ii) the sum of core interest income and Core Fee Revenue; • Core Return on Average Assets (ROA) is a non-GAAP measure that divides (i) Adjusted Net Income (non-GAAP) attributable to WSFS by (ii) average assets for the applicable period; • Effective AOCI is a non-GAAP measure that adds (i) unrealized losses on AFS securities, (ii) unrealized holding losses on securities transferred from AFS to HTM, and (iii) unrecognized fair value losses on HTM securities; • Tangible Common Equity (TCE) is a non-GAAP measure and is defined as total stockholders’ equity of WSFS less goodwill and other intangible assets; • TCE Ratio is a non-GAAP measure that divides (i) TCE by (ii) tangible assets; • TCE Ratio including effective AOCI is a non-GAAP measure that adjusts the TCE Ratio to include the impact if the Company were to liquidate its investment securities portfolio; • Tangible assets is a non-GAAP measure and is defined as total assets less goodwill and other intangible assets; • Adjusted tangible assets is a non-GAAP measure that adjusts tangible assets to include the impact of the liquidation of our investment securities portfolio; • Return on average tangible common equity (ROTCE) is a non-GAAP measure and is defined as net income allocable to common stockholders divided by tangible common equity; • Core ROTCE is a non-GAAP measure that is defined as adjusted net income (non-GAAP) attributable to WSFS divided by tangible common equity; • Net tangible income is a non-GAAP measure that adjusts net income determined in accordance with GAAP to exclude the impact of the amortization of intangible assets; • Core net tangible income is a non-GAAP measure that adjusts adjusted net income (non-GAAP) attributable to WSFS to exclude the impact of the amortization of intangible assets; • Tangible common book value per share (TBV) is a non-GAAP financial measure that divides (i) TCE by (ii) shares outstanding; • Pre-provision Net Revenue (PPNR) is a non-GAAP measure that adjusts net income determined in accordance with GAAP to exclude the impacts of (i) income tax provision and (ii) provision for credit losses; • Core PPNR is a non-GAAP measure that adjusts PPNR to exclude the impact of realized/unrealized gain (losses) on equity investments, net, Visa derivative valuation adjustment, FDIC special assessment, corporate development and restructuring expenses, remeasurement of lease liability, and contribution to WSFS CARES Foundation; • PPNR % is a non-GAAP measure that divides (i) PPNR (annualized) by (ii) average assets for the applicable period; • Core PPNR % is a non-GAAP measure that divides (i) core PPNR (annualized) by (ii) average assets for the applicable period; and • Core Return on Average Equity (ROE) is a non-GAAP measure that divides (i) Adjusted Net Income (non-GAAP) attributable to WSFS by (ii) average stockholders’ equity for the applicable period. • Coverage ratio including the remaining credit marks is a non-GAAP measure that adjusts the coverage ratio to include the impact of the remaining credit marks on the acquired loan portfolios.

 
17 Appendix: Non-GAAP Financial Information Three Months Ended For the Year Ended (dollars in thousands) December 31, 2024 September 30, 2024 December 31, 2023 December 31, 2024 Net interest income (GAAP) $ 178,207 $ 177,504 $ 178,127 $ 705,438 Core net interest income (non-GAAP) $ 178,207 $ 177,504 $ 178,127 $ 705,438 Noninterest income (GAAP) $ 83,307 $ 90,158 $ 87,205 $ 340,920 Less: Unrealized gain on equity investments, net — — 338 — Less: Realized gain on sale of equity investment, net 123 56 9,493 2,309 Less/(plus): Visa derivative valuation adjustment — — (605) 2,829 Core fee revenue (non-GAAP) $ 83,184 $ 90,102 $ 77,979 $ 335,782 Core net revenue (non-GAAP) $ 261,391 $ 267,606 $ 256,106 $ 1,041,220 Core net revenue (non-GAAP) (tax-equivalent) $ 261,811 $ 267,991 $ 256,523 $ 1,042,785 Noninterest expense (GAAP) $ 169,126 $ 163,723 $ 147,646 $ 637,689 Less: FDIC special assessment — — 5,052 880 Less: Corporate development expense 61 46 282 473 Less: Restructuring expense 2,193 — 557 2,193 Plus: Remeasurement of lease liability (112) — — (112) Less: Contribution to WSFS CARES Foundation — — 2,000 — Core noninterest expense (non-GAAP) $ 166,984 $ 163,677 $ 139,755 $ 634,255 Core efficiency ratio (non-GAAP) 63.8 % 61.1 % 54.5 % 60.8 % Core fee revenue ratio (non-GAAP)(tax-equivalent) 31.8 % 33.6 % 30.4 % 32.2 % End of Period (dollars in thousands, except per share data) December 31, 2024 September 30, 2024 December 31, 2023 Calculation of tangible common equity ratio: Total Assets (GAAP) $ 20,814,303 $ 20,905,209 $ 20,594,672 Less: Goodwill and other intangible assets 988,160 992,163 1,004,560 Total tangible assets (non-GAAP) $ 19,826,143 $ 19,913,046 $ 19,590,112 Total stockholders’ equity of WSFS (GAAP) $ 2,589,752 $ 2,678,264 $ 2,477,636 Less: Goodwill and other intangible assets 988,160 992,163 1,004,560 Total tangible common equity (non-GAAP) $ 1,601,592 $ 1,686,101 $ 1,473,076 Equity to asset ratio (GAAP) 12.44 % 12.81 % 12.03 % Tangible common equity to tangible assets ratio (non-GAAP) 8.08 % 8.47 % 7.52 %

 
18 Appendix: Non-GAAP Financial Information Three Months Ended For the Year Ended (dollars in thousands, except per share data) December 31, 2024 September 30, 2024 December 31, 2023 December 31, 2024 GAAP net income attributable to WSFS $ 64,202 $ 64,435 $ 63,908 $ 263,671 Plus/(less): Pre-tax adjustments1 2,019 (10) (1,335) (1,704) Plus: Tax adjustments: BOLI surrender — — 7,056 — (Plus)/less: Tax impact of pre-tax adjustments (445) 2 65 485 Adjusted net income (non-GAAP) attributable to WSFS $ 65,776 $ 64,427 $ 69,694 $ 262,452 Net income (GAAP) $ 64,155 $ 64,409 $ 63,505 $ 263,495 Plus: Income tax provision 20,197 21,108 29,365 83,764 Plus: Provision for credit losses 8,036 18,422 24,816 61,410 PPNR (Non-GAAP) 92,388 103,939 117,686 408,669 Plus/(less): Pre-tax adjustments1 2,019 (10) (1,335) (1,704) Core PPNR (Non-GAAP) $ 94,407 $ 103,929 $ 116,351 $ 406,965 GAAP return on average assets (ROA) 1.21 % 1.22 % 1.25 % 1.27 % Plus/(less): Pre-tax adjustments1 0.04 — (0.03) (0.01) Plus: Tax adjustments: BOLI surrender — — 0.14 — (Plus)/less: Tax impact of pre-tax adjustments (0.01) — — — Core ROA (non-GAAP) 1.24 % 1.22 % 1.36 % 1.26 % Earnings per share (diluted)(GAAP) $ 1.09 $ 1.08 $ 1.05 $ 4.41 Plus/(less): Pre-tax adjustments1 0.03 — (0.02) (0.03) Plus: Tax adjustments: BOLI surrender — — 0.12 — (Plus)/less: Tax impact of pre-tax adjustments (0.01) — — 0.01 Core earnings per share (non-GAAP) $ 1.11 $ 1.08 $ 1.15 $ 4.39 1 Pre-tax adjustments include realized/unrealized gains on equity investments, net, Visa derivative valuation adjustment, FDIC special assessment, corporate development and restructuring expense, remeasurement of lease liability, and contribution to WSFS CARES Foundation

 
19 Appendix: Non-GAAP Financial Information Three Months Ended For the Year Ended (dollars in thousands) December 31, 2024 September 30, 2024 December 31, 2023 December 31, 2024 Calculation of return on average tangible common equity: GAAP net income attributable to WSFS​ $ 64,202 $ 64,435 $ 63,908 $ 263,671 Plus: Tax effected amortization of intangible assets​ 2,965 2,949 2,976 11,893 Net tangible income (non-GAAP)​ $ 67,167 $ 67,384 $ 66,884 $ 275,564 Average stockholders' equity of WSFS​ $ 2,643,325 $ 2,575,182 $ 2,281,076 $ 2,535,737 Less: Average goodwill and intangible assets​ 990,762 994,818 1,007,136 996,899 Net average tangible common equity​ (non-GAAP) $ 1,652,563 $ 1,580,364 $ 1,273,940 $ 1,538,838 Return on average equity (GAAP) 9.66 % 9.95 % 11.12 % 10.40 % Return on average tangible common equity (non-GAAP) 16.17 % 16.96 % 20.83 % 17.91 % Calculation of core return on average tangible common equity: Adjusted net income (non-GAAP) attributable to WSFS​ $ 65,776 $ 64,427 $ 69,694 $ 262,452 Plus: Tax effected amortization of intangible assets​ 2,965 2,949 2,976 11,893 Core net tangible income (non-GAAP)​ $ 68,741 $ 67,376 $ 72,670 $ 274,345 Net average tangible common equity​ (non-GAAP) $ 1,652,563 $ 1,580,364 $ 1,273,940 $ 1,538,838 Core return on average equity (non-GAAP) 9.90 % 9.95 % 12.12 % 10.35 % Core return on average tangible common equity (non-GAAP) 16.55 % 16.96 % 22.63 % 17.83 % Three Months Ended (dollars in thousands) December 31, 2024 September 30, 2024 December 31, 2023 Calculation of adjusted core fee revenue: Core fee revenue (non-GAAP) $ 83,184 $ 90,102 $ 77,979 Plus: Termination of Cash Connect® relationship 2,818 — — Less: Spring EQ-related fees — — 3,504 Adjusted core fee revenue (non-GAAP) $ 86,002 $ 90,102 $ 74,475

 
20 Appendix: Non-GAAP Financial Information Three Months Ended (dollars in thousands) December 31, 2024 Calculation of effective AOCI: Unrealized losses on AFS securities ​ $ 537,790 Unrealized losses on securities transferred from AFS to HTM 76,405 Unrecognized fair value on HTM securities 119,651 Effective AOCI (non-GAAP) $ 733,846 Three Months Ended (dollars in thousands) December 31, 2024 Calculation of coverage ratio including the estimated remaining credit marks: Coverage ratio 1.48 % Plus: Estimated remaining credit marks on the acquired loan portfolios 0.14 Coverage ratio including the estimated remaining credit marks (non-GAAP) 1.62 % Three Months Ended (dollars in thousands) December 31, 2024 September 30, 2024 June 30, 2024 March 31, 2024 December 31, 2023 Calculation of core fee revenue: Noninterest income (GAAP) $ 83,307 $ 90,158 $ 91,598 $ 75,857 $ 87,205 Less: Unrealized gains on equity investment — — — — 338 Less: Realized gain on sale of equity investment 123 56 2,130 — 9,493 Less/(plus): Visa B Valuation Adjustment — — 3,434 (605) (605) Core fee revenue (non-GAAP) $ 83,184 $ 90,102 $ 86,034 $ 76,462 $ 77,979 Three Months Ended (dollars in thousands) December 31, 2024 Calculation of adjusted tangible common equity to tangible assets ratio (non-GAAP) Total tangible assets (non-GAAP) $ 19,826,143 Less: Investment securities, AFS & HTM 4,525,809 Total adjusted tangible assets (non-GAAP) $ 15,300,334 Total tangible common equity (non-GAAP) $ 1,601,592 Less: Unrecognized fair value on HTM securities 119,651 Total adjusted tangible common equity (non-GAAP) $ 1,481,941 Tangible common equity to tangible assets ratio (non- GAAP) 8.08 % Tangible common equity to tangible assets ratio including effective AOCI (non-GAAP) 9.69 %

 
21 Appendix: Non-GAAP Financial Information (dollars in thousands, except per share data) December 31, 2024 September 30, 2024 June 30, 2024 March 31, 2024 December 31, 2023 September 30, 2023 June 30, 2023 March 31, 2023 December 31, 2022 Calculation of tangible common book value per share: Total stockholders’ equity of WSFS (GAAP) $ 2,589,752 $ 2,678,264 $ 2,489,580 $ 2,473,481 $ 2,477,636 $ 2,242,795 $ 2,314,659 $ 2,306,362 $ 2,205,113 Less: Goodwill and other intangible assets 988,160 992,163 996,181 1,000,344 1,004,560 1,008,472 1,004,278 1,008,250 1,012,232 Total tangible common equity (non-GAAP) 1,601,592 1,686,101 1,493,399 1,473,137 1,473,076 1,234,323 1,310,381 1,298,112 1,192,881 Shares outstanding (000s) 58,657 59,033 59,261 60,084 60,538 60,728 61,093 61,387 61,612 Tangible common book value per share (non-GAAP) $ 27.30 $ 28.56 $ 25.20 $ 24.52 $ 24.33 $ 20.33 $ 21.45 $ 21.15 $ 19.36 (dollars in thousands, except per share data) September 30, 2022 June 30, 2022 March 31, 2022 December 31, 2021 September 30, 2021 June 30, 2021 March 31, 2021 December 31, 2020 Calculation of tangible common book value per share: Total stockholders’ equity of WSFS (GAAP) $ 2,103,593 $ 2,315,360 $ 2,520,463 $ 1,939,099 $ 1,908,895 $ 1,884,054 $ 1,770,641 $ 1,791,726 Less: Goodwill and other intangible assets 1,016,413 1,019,857 1,032,189 547,231 549,352 551,951 554,701 557,386 Total tangible common equity (non-GAAP) 1,087,180 1,295,503 1,488,274 1,391,868 1,359,543 1,332,103 1,215,940 1,234,340 Shares outstanding (000s) 61,949 63,587 64,735 47,609 47,548 47,535 47,502 47,756 Tangible common book value per share (non-GAAP) $ 17.55 $ 20.37 $ 22.99 $ 29.24 $ 28.59 $ 28.02 $ 25.60 $ 25.85

 
v3.24.4
COVER PAGE
Jan. 27, 2025
Cover [Abstract]  
Document Type 8-K
Document Period End Date Jan. 27, 2025
Entity Registrant Name WSFS Financial Corporation
Entity Incorporation, State or Country Code DE
Entity File Number 001-35638
Entity Tax Identification Number 22-2866913
Entity Address, Address Line One 500 Delaware Ave
Entity Address, City or Town Wilmington
Entity Address, State or Province DE
Entity Address, Postal Zip Code 19801
City Area Code 302
Local Phone Number 792-6000
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common Stock, par value $0.01 per share
Trading Symbol WSFS
Security Exchange Name NASDAQ
Entity Emerging Growth Company false
Amendment Flag false
Entity Central Index Key 0000828944
WSFS Financial (NASDAQ:WSFS)
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