WSFS FINANCIAL CORP (WSFS) financial statements: income statement, balance sheet and cash flow

WSFS FINANCIAL CORP's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), WSFS FINANCIAL CORP reported net income of $287.3M (+9.0% year on year).

Income statement

WSFS FINANCIAL CORP income statement, fiscal years
Line itemDec 31, 2025 · FYDec 31, 2024 · FYDec 31, 2023 · FYDec 31, 2022 · FY
Interest and fees on loans and leases$863.3M$918.4M$845.3M$582.8M
Interest on mortgage-backed securities$98.0M$102.0M$107.6M$106.6M
Taxable$2.8M$2.8M$2.8M$2.8M
Tax-exempt$5.9M$5.9M$6.0M$4.1M
Other interest income$49.7M$34.4M$14.9M$7.6M
Total interest income$1.0B$1.1B$976.5M$703.8M
Interest on deposits$278.3M$308.7M$209.8M$28.2M
Interest on Federal Home Loan Bank advances$3.5M$3.0M$5.3M$538.0K
Interest on senior and subordinated debt$5.8M$9.7M$9.8M$8.2M
Interest on trust preferred borrowings$6.0M$6.9M$6.7M$3.5M
Interest on federal funds purchased$2.0K$343.0K$1.7M$443.0K
Interest on other borrowings$66.0K$29.6M$18.0M$35.0K
Total interest expense$293.6M$358.1M$251.4M$40.9M
Net interest income$726.1M$705.4M$725.1M$662.9M
Provision for credit losses$49.2M$61.4M——
Net interest income after provision for (recovery of) credit losses$676.9M$644.0M$637.0M$614.8M
Noninterest income$335.9M$327.2M$269.7M$246.1M
Loan and lease fee income$7.1M$6.7M$5.7M$6.3M
Unrealized (loss) gain on equity investments, net($4.1M)$0$329.0K—
Realized gain on sale of equity investment, net$957.0K$2.3M$9.5M$0
Total non interest income$339.9M$340.9M$289.9M$260.1M
Salaries, benefits and other compensation$356.8M$332.7M$289.2M$283.9M
Occupancy expense$35.6M$37.6M$42.2M$40.9M
Equipment expense$52.9M$47.7M$42.2M$41.0M
Professional fees$21.3M$20.2M$21.2M$18.5M
Data processing and operations expenses$19.9M$18.3M$19.1M$20.9M
Marketing expense$8.4M$7.8M$7.9M$7.2M
FDIC expenses$10.3M$12.2M$15.9M$6.1M
Loss on early extinguishment of debt$1.5M—$0$0
Loan workout and other credit costs$3.0M$2.1M$852.0K$702.0K
Corporate development expense($44.0K)$473.0K$3.9M$42.7M
Restructuring expense$532.0K$2.2M($230.0K)$22.5M
Other operating expense$125.9M$156.5M$119.4M$89.9M
Total non interest expenses$636.2M$637.7M$561.6M$574.3M
Income before taxes$380.6M$347.3M$365.3M$300.6M
Income tax provision$93.4M$83.8M$96.2M$78.0M
Net income$287.2M$263.5M$269.0M$222.6M
Less: Net (loss) income attributable to noncontrolling interest($100.0K)($176.0K)($131.0K)$273.0K
Net income attributable to WSFS$287.3M$263.7M$269.2M$222.4M
Basic earnings per share (in dollars per share)$5.11$4.43$4.40$3.50
Diluted earnings per share (in dollars per share)$5.09$4.41$4.40$3.49
WSFS FINANCIAL CORP income statement, quarters
Line itemJun 30, 2026 · Q2Mar 31, 2026 · Q1Sep 30, 2025 · Q3Jun 30, 2025 · Q2
Interest and fees on loans and leases$208.2M$205.2M$218.3M$216.0M
Interest on mortgage-backed securities$28.0M$25.2M$24.2M$24.5M
Taxable$700.0K$699.0K$699.0K$700.0K
Tax-exempt$1.5M$1.5M$1.5M$1.5M
Other interest income$18.5M$16.6M$13.8M$10.5M
Total interest income$256.8M$249.2M$258.4M$253.2M
Interest on deposits$59.7M$59.5M$71.2M$70.1M
Interest on Federal Home Loan Bank advances$491.0K$439.0K$586.0K$949.0K
Interest on senior debt$2.8M$2.8M——
Interest on trust preferred borrowings$1.4M$1.4M$1.5M$1.5M
Interest on other borrowings$16.0K$16.0K$12.0K$15.0K
Total interest expense$64.3M$64.1M$74.4M$73.7M
Net interest income$192.5M$185.1M$184.0M$179.5M
Provision for credit losses$5.0M($2.0M)$6.6M$12.6M
Net interest income after provision for credit losses$187.5M$187.1M$177.5M$166.9M
Noninterest income$92.3M$88.1M$83.4M$86.0M
Loan and lease fee income$1.6M$2.0M$2.1M$1.4M
Unrealized loss on equity investments, net($4.1M)———
Realized gain on sale of equity investments, net$159.0K—$939.0K$18.0K
Total non interest income$90.0M$90.1M$86.5M$88.0M
Salaries, benefits and other compensation$95.8M$91.9M$91.7M$89.1M
Occupancy expense$8.3M$10.1M$8.5M$8.8M
Equipment expense$13.7M$13.3M$12.9M$13.8M
Data processing and operations expenses$5.2M$5.0M$5.0M$5.0M
Professional fees$4.8M$4.1M$4.9M$6.2M
Marketing expense$2.6M$2.1M$2.2M$1.9M
FDIC expenses$2.5M$2.6M$2.7M$2.4M
Loan workout and other credit costs$2.1M$2.2M$1.8M$1.6M
Corporate development expense$63.0K$57.0K$171.0K($329.0K)
Restructuring expense$0$2.8M$398.0K$0
Other operating expense$31.3M$28.5M$32.3M$30.7M
Noninterest expenses$166.3M$162.8M$163.1M$159.3M
Income before taxes$111.1M$114.5M$100.9M$95.5M
Income tax provision$26.8M$27.6M$24.4M$23.3M
Net income (loss)$84.3M$86.8M$76.5M$72.2M
Less: Net loss attributable to noncontrolling interest($69.0K)$18.0K$18.0K($105.0K)
Net income attributable to WSFS$84.4M$86.8M$76.4M$72.3M
Basic (in dollars per share)$1.63$1.64$1.37$1.28
Diluted (in dollars per share)$1.63$1.64$1.37$1.27
Basic (in shares)51.8M52.8M55.8M56.7M
Diluted (in shares)51.9M53.0M56.0M56.9M

Balance sheet

WSFS FINANCIAL CORP balance sheet, fiscal years
Line itemDec 31, 2025 · FYDec 31, 2024 · FYDec 31, 2023 · FYDec 31, 2022 · FY
Cash and due from banks$1.3B$722.7M$629.3M$333.0M
Cash in non-owned ATMs$363.9M$430.3M$458.9M$499.0M
Interest-bearing deposits in other banks including collateral (restricted cash) of $6,530 at December 31, 2025 and $1,701 at December 31, 2024$8.9M$1.8M$4.7M$5.3M
Total cash, cash equivalents, and restricted cash$1.7B$1.2B$1.1B$837.3M
Investment securities, available for sale (amortized cost of $4,037,700 at December 31, 2025 and $4,218,266 at December 31, 2024)$3.5B$3.5B$3.8B$4.1B
Investment securities, held to maturity, net of allowance for credit losses of $5 at December 31, 2025 and $7 at December 31, 2024 (fair value $879,066 at December 31, 2025 and $895,511 at December 31, 2024)$968.3M$1.0B$1.1B—
Other investments$13.4M$18.2M$17.4M$26.1M
Loans held for sale at fair value$61.6M$49.7M$29.3M$43.0M
Loans and leases, net of allowance of $179,647 at December 31, 2025 and $195,281 at December 31, 2024$13.1B$13.0B$12.6B$11.8B
Stock in Federal Home Loan Bank of Pittsburgh, at cost$10.2M$11.8M$15.4M$24.1M
Other real estate owned$200.0K$5.2M$1.6M$833.0K
Accrued interest receivable$80.3M$84.7M$86.0M$74.4M
Premises and equipment$80.3M$86.0M$104.5M$115.6M
Goodwill and intangible assets$969.9M$988.2M——
Other assets, net of allowance for credit losses of $2,848 at December 31, 2025 and $– at December 31, 2024$806.4M$857.1M$712.0M$714.6M
Total assets$21.3B$20.8B$20.6B$19.9B
Noninterest-bearing$5.6B$5.0B$4.9B$5.7B
Interest-bearing demand$12.1B$12.0B$11.6B$10.5B
Total deposits$17.6B$17.0B$16.5B$16.2B
Federal Home Loan Bank advances$0$51.0M$0$350.0M
Trust preferred borrowings$91.0M$90.8M$90.6M$90.4M
Senior and subordinated debt$196.9M$218.6M$218.4M$248.2M
Other borrowed funds$14.7M$23.1M$586.0M$38.3M
Accrued interest payable$19.6M$38.2M$46.7M$5.2M
Other liabilities$621.2M$783.3M$709.0M$777.2M
Total liabilities$18.6B$18.2B$18.1B$17.7B
Common stock 0.01 par value, shares authorized of 90,000,000; shares issued of 76,456,499 at December 31, 2025 and 76,264,211 at December 31, 2024765.0K763.0K761.0K759.0K
Capital in excess of par value$2.0B$2.0B$2.0B$2.0B
Accumulated other comprehensive loss($445.5M)($624.9M)($594.0M)($675.8M)
Retained earnings$2.1B$1.9B$1.6B$1.4B
Treasury stock at cost, 23,046,983 shares at December 31, 2025 and 17,607,002 shares at December 31, 2024-944.1M-653.8M-557.5M-505.3M
Total stockholders’ equity of WSFS$2.7B$2.6B$2.5B$2.2B
Noncontrolling interest($10.5M)($10.4M)($7.8M)($3.2M)
Total stockholders’ equity$2.7B$2.6B$2.5B$2.2B
Total liabilities and stockholders’ equity$21.3B$20.8B$20.6B$19.9B
WSFS FINANCIAL CORP balance sheet, quarters
Line itemJun 30, 2026Mar 31, 2026Sep 30, 2025Jun 30, 2025
Cash and due from banks$2.2B$2.1B$1.2B$899.7M
Cash in non-owned ATMs$392.5M$397.9M$364.7M$424.7M
Interest-bearing deposits in other banks including collateral (restricted cash) of $2,480 at June 30, 2026 and $6,530 at December 31, 2025$5.0M$5.9M$8.8M$7.0M
Total cash, cash equivalents, and restricted cash$2.6B$2.5B$1.6B$1.3B
Investment securities, available-for-sale (amortized cost of $4,359,331 at June 30, 2026 and $4,037,700 at December 31, 2025)$3.8B$3.6B$3.5B$3.5B
Investment securities, held-to-maturity, net of allowance for credit losses of $5 at June 30, 2026 and December 31, 2025 (fair value $845,831 at June 30, 2026 and $879,066 at December 31, 2025)$943.3M$958.2M$979.7M$994.3M
Other investments$8.9M$13.1M$17.7M$17.8M
Loans, held for sale at fair value$33.9M$73.0M$63.0M$157.9M
Loans and leases, net of allowance for credit losses of $177,263 at June 30, 2026 and $179,647 at December 31, 2025$13.3B$13.1B$12.8B$12.8B
Stock in Federal Home Loan Bank (FHLB) of Pittsburgh at cost$24.4M$24.3M$20.1M$21.9M
Other real estate owned$12.7M$12.7M$439.0K$930.0K
Accrued interest receivable$78.1M$79.0M$79.5M$79.8M
Premises and equipment$75.6M$76.6M$82.7M$84.4M
Goodwill and intangible assets$962.5M$966.4M$973.7M$977.5M
Other assets, net of allowance for credit losses of $2,767 at June 30, 2026 and $2,848 at December 31, 2025$813.2M$769.3M$770.8M$758.5M
Total assets$22.7B$22.1B$20.8B$20.8B
Noninterest-bearing$7.0B$6.4B$5.2B$5.3B
Interest-bearing$12.0B$12.1B$12.0B$11.8B
Total deposits$19.0B$18.5B$17.2B$17.1B
Trust preferred borrowings$91.1M$91.1M$91.0M$90.9M
Senior debt$197.0M$197.0M——
Other borrowed funds$18.8M$22.3M$15.3M$12.7M
Accrued interest payable$16.2M$20.3M$25.7M$29.1M
Other liabilities$616.0M$593.7M$590.6M$637.0M
Total liabilities$19.9B$19.4B$18.1B$18.1B
Common stock $0.01 par value, 90,000,000 shares authorized; issued 76,678,219 at June 30, 2026 and 76,456,499 at December 31, 2025767.0K765.0K764.0K764.0K
Capital in excess of par value$2.0B$2.0B$2.0B$2.0B
Accumulated other comprehensive loss($466.2M)($454.1M)($474.7M)($522.2M)
Retained earnings$2.3B$2.2B$2.1B$2.0B
Treasury stock at cost, 25,290,557 shares at June 30, 2026 and 23,046,983 shares at December 31, 2025-1.1B-1.0B-833.8M-786.5M
Total stockholders’ equity of WSFS$2.7B$2.7B$2.8B$2.7B
Noncontrolling interest($10.7M)($10.5M)($10.5M)($10.5M)
Total stockholders' equity$2.7B$2.7B$2.7B$2.7B
Total liabilities and stockholders' equity$22.7B$22.1B$20.8B$20.8B

Cash flow statement

WSFS FINANCIAL CORP cash flow statement, fiscal years
Line itemDec 31, 2025 · FYDec 31, 2024 · FYDec 31, 2023 · FYDec 31, 2022 · FY
Net income$287.2M$263.5M$269.0M$222.6M
Provision for credit losses$49.2M$61.4M$88.1M$48.1M
Depreciation of premises and equipment, net$12.1M$13.9M$17.5M$24.2M
Accretion of fees, premiums and discounts, net($24.0M)($24.2M)($27.4M)($28.4M)
Amortization of intangible assets$15.3M$15.7M$15.5M$18.4M
Amortization of right of use lease asset$10.3M$10.1M$15.6M$18.0M
Decrease in operating lease liability($12.5M)($11.0M)($12.4M)($16.3M)
Income from mortgage banking activities, net($8.4M)($7.6M)($4.8M)($7.3M)
Loss on sale of other real estate owned and valuation adjustments, net$910.0K$296.0K$195.0K($221.0K)
Stock-based compensation expense$12.8M$11.9M$9.6M$6.3M
Unrealized loss (gain) on equity investments, net$4.1M$0($329.0K)($6.0M)
Realized gain on sale of equity investment, net($957.0K)($2.3M)($9.5M)$0
Gain on sale of WSFS Wealth Management, LLC business($386.0K)———
Deferred income tax expense (benefit)$5.7M($8.2M)($5.4M)($4.0M)
Decrease (increase) in accrued interest receivable$4.4M$1.3M($11.5M)($22.2M)
Decrease (increase) in other assets$36.0M($106.0M)($2.2M)($58.9M)
Origination of loans held-for-sale($466.2M)($393.4M)($280.8M)($527.7M)
Proceeds from sales of loans held-for-sale$464.7M$319.7M$198.9M$501.2M
(Decrease) increase in accrued interest payable($18.5M)($8.5M)$41.5M$1.2M
(Decrease) increase in other liabilities($149.5M)$85.3M($60.8M)$315.1M
Increase in value of bank-owned life insurance($672.0K)($531.0K)($2.1M)($1.3M)
Increase in capitalized interest, net($1.6M)($1.5M)($1.7M)($2.1M)
Net cash provided by operating activities$220.0M$219.9M$237.0M$480.9M
Repayments, maturities and calls of investment securities held to maturity$62.2M$61.3M$73.0M$66.2M
Purchases of investment securities available-for-sale($203.0M)($67.4M)($27.7M)($1.2B)
Repayments of investment securities available-for-sale$380.6M$350.4M$354.8M$1.0B
Proceeds from bank-owned life insurance death benefit$241.0K$112.0K$3.8M$1.4M
Proceeds from bank-owned life insurance surrender$0$6.6M$52.0M—
Net proceeds from sale of equity investments$0$0$17.9M$0
Net cash paid for business combinations$0$0($3.0M)—
Net increase in loans and leases($117.7M)($138.3M)($486.8M)($41.3M)
Net cash from sale of WSFS Wealth Management, LLC business$2.4M———
Purchases of loans held for investment$0($269.6M)($313.4M)($393.2M)
Purchases of FHLB stock($686.1M)($432.9M)($134.3M)($51.5M)
Redemption of FHLB stock$687.7M$436.5M$143.0M$36.2M
Sales of assets acquired through foreclosure, net$5.0M$803.0K$833.0K$2.0M
Sale of premise and equipment$0$0$17.0K$1.2M
Investment in premises and equipment, net($6.4M)($14.3M)($6.4M)($8.8M)
Net cash provided by (used in) investing activities$124.9M($66.7M)($326.3M)($137.4M)
Net increase (decrease) in demand and saving deposits$725.4M$263.0M($358.1M)($1.1B)
(Decrease) increase in time deposits($121.1M)$346.3M$681.5M($94.3M)
Decrease in brokered deposits$0($51.7M)($70.9M)$61.7M
Receipts from FHLB advances$17.2B$13.0B$7.2B$1.9B
Repayments of FHLB advances($17.3B)($13.0B)($7.5B)($1.5B)
Receipts from federal funds purchased$20.0M$1.5B$7.7B$2.7B
WSFS FINANCIAL CORP cash flow statement, quarters
Line itemJun 30, 2026 · YTDMar 31, 2026 · Q1Sep 30, 2025 · YTDJun 30, 2025 · YTD
Net income$171.2M$86.8M$214.6M$138.1M
Provision for credit losses$3.0M($2.0M)$36.5M$30.0M
Depreciation of premises and equipment, net$7.3M$4.6M$8.9M$6.1M
Accretion of fees and discounts, net($12.5M)($5.8M)($19.3M)($12.6M)
Amortization of intangible assets$7.3M$3.7M$11.6M$7.8M
Amortization of right-of-use lease assets$4.5M$2.4M$6.7M$4.8M
Decrease in operating lease liability($5.8M)($2.8M)($8.1M)($5.5M)
Income from mortgage banking activities, net($3.7M)($2.4M)($6.2M)($4.1M)
Loss on sale of other real estate owned and valuation adjustments, net$11.0K$11.0K$887.0K$809.0K
Stock-based compensation expense$7.1M$3.5M$9.4M$6.3M
Unrealized loss on equity investments, net$4.1M———
Realized gain on sale of equity investments, net($159.0K)—($957.0K)($18.0K)
Gain on sale of WSFS Wealth Management, LLC business$0—($386.0K)($386.0K)
Gain on sale of credit card portfolio($1.7M)———
Deferred income tax benefit$7.4M$11.4M$11.5M$7.6M
Decrease in accrued interest receivable$2.2M$1.2M$5.2M$4.9M
(Increase) decrease in other assets($14.7M)$26.7M$72.5M$63.7M
Origination of loans held for sale($228.2M)($111.4M)($346.0M)($234.2M)
Proceeds from sales of loans held for sale$127.1M$94.9M$369.7M$183.3M
(Increase) decrease in value of bank owned life insurance($1.4M)($481.0K)($407.0K)$280.0K
Increase in capitalized interest, net($275.0K)($139.0K)($1.7M)($1.0M)
Decrease in accrued interest payable($3.4M)$689.0K($12.4M)($9.0M)
Increase (decrease) in other liabilities$4.1M($24.7M)($184.6M)($140.8M)
Net cash provided by operating activities$73.7M$86.4M$167.5M$45.9M
Repayments, maturities and calls of investment securities held-to-maturity$31.8M$13.5M$47.1M$28.4M
Purchases of investment securities available-for-sale($533.5M)($154.3M)($100.4M)($54.9M)
Repayments, maturities and calls of investment securities available-for-sale$211.8M$102.6M$287.0M$191.3M
Proceeds from bank-owned life insurance death benefit$0—$241.0K$241.0K
Net (increase) decrease in loans($120.7M)$1.4M$167.0M$116.8M
Proceeds from sale of credit card portfolio$34.3M———
Net cash from sale of WSFS Wealth Management, LLC business$0—$2.4M$2.4M
Purchases of stock of Federal Home Loan Bank of Pittsburgh($370.0M)($188.0M)($366.0M)($238.0M)
Redemptions of stock of Federal Home Loan Bank of Pittsburgh$355.8M$173.9M$357.7M$227.9M
Sales of other real estate owned$216.0K$189.0K$4.7M$4.1M
Investment in premises and equipment($2.6M)($885.0K)($5.6M)($4.4M)
Net cash (used in) provided by investing activities($392.8M)($51.6M)$394.1M$273.8M
Net increase in demand and saving deposits$1.5B$921.4M$240.5M$125.6M
Decrease in time deposits($138.7M)($87.8M)($51.9M)($44.3M)
Receipts from FHLB advances$8.6B$4.0B$9.2B$6.0B
Repayments of FHLB advances($8.6B)($4.0B)($9.3B)($6.0B)
Repurchase of noncontrolling interest($203.0K)———
Cash dividend($19.4M)($9.0M)($27.9M)($18.4M)
Issuance of common stock including proceeds from exercise of common stock options($2.5M)($1.1M)($3.0M)($3.2M)
Redemption of subordinated debt$0$0($70.0M)($70.0M)
Repurchases of common stock($152.5M)($85.8M)($179.9M)($132.7M)

WSFS FINANCIAL CORP score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.