WSFS FINANCIAL CORP
For the period ended Dec 31, 2025. Filed Mar 2, 2026.
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FY2025 · Filed Mar 2, 2026
WSFS$79.94+0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Income
| Year Ended December 31, | |||
|---|---|---|---|
| (Dollars in thousands, except per share data) | 2025 | 2024 | 2023 |
| Interest income: | |||
| Interest and fees on loans and leases | $863,254 | $918,381 | $845,271 |
| Interest on mortgage-backed securities | 98,004 | 102,024 | 107,555 |
| Interest and dividends on investment securities: | |||
| Taxable | 2,798 | 2,798 | 2,803 |
| Tax-exempt | 5,924 | 5,941 | 5,980 |
| Other interest income | 49,708 | 34,438 | 14,913 |
| 1,019,688 | 1,063,582 | 976,522 | |
| Interest expense: | |||
| Interest on deposits | 278,260 | 308,676 | 209,820 |
| Interest on Federal Home Loan Bank advances | 3,453 | 2,967 | 5,348 |
| Interest on senior and subordinated debt | 5,772 | 9,690 | 9,815 |
| Interest on trust preferred borrowings | 6,048 | 6,910 | 6,736 |
| Interest on federal funds purchased | 2 | 343 | 1,673 |
| Interest on other borrowings | 66 | 29,558 | 18,027 |
| 293,601 | 358,144 | 251,419 | |
| Net interest income | 726,087 | 705,438 | 725,103 |
| Provision for credit losses | 49,206 | 61,410 | 88,071 |
| Net interest income after provision for (recovery of) credit losses | 676,881 | 644,028 | 637,032 |
| Noninterest income: | |||
| Credit/debit card and ATM income | 72,343 | 88,710 | 59,718 |
| Investment management and fiduciary revenue | 169,454 | 146,945 | 131,050 |
| Deposit service charges | 27,528 | 26,664 | 25,393 |
| Mortgage banking activities, net | 8,359 | 7,565 | 4,799 |
| Loan and lease fee income | 7,068 | 6,681 | 5,718 |
| Unrealized (loss) gain on equity investments, net | (4,057) | — | 329 |
| Realized gain on sale of equity investment, net | 957 | 2,309 | 9,493 |
| Other income | 58,246 | 62,046 | 53,371 |
| 339,898 | 340,920 | 289,871 | |
| Noninterest expense: | |||
| Salaries, benefits and other compensation | 356,831 | 332,682 | 289,193 |
| Occupancy expense | 35,560 | 37,579 | 42,184 |
| Equipment expense | 52,940 | 47,744 | 42,242 |
| Professional fees | 21,271 | 20,164 | 21,200 |
| Data processing and operations expenses | 19,945 | 18,281 | 19,054 |
| Marketing expense | 8,437 | 7,824 | 7,914 |
| FDIC expenses | 10,294 | 12,166 | 15,887 |
| Loss on early extinguishment of debt | 1,503 | — | — |
| Loan workout and other credit costs | 2,975 | 2,123 | 852 |
| Corporate development expense | (44) | 473 | 3,931 |
| Restructuring expense | 532 | 2,193 | (230) |
| Other operating expense | 125,923 | 156,460 | 119,406 |
| 636,167 | 637,689 | 561,633 | |
| Income before taxes | 380,612 | 347,259 | 365,270 |
| Income tax provision | 93,363 | 83,764 | 96,245 |
| Net income | $287,249 | $263,495 | $269,025 |
| Less: Net (loss) income attributable to noncontrolling interest | (100) | (176) | (131) |
| Net income attributable to WSFS | $287,349 | $263,671 | $269,156 |
| Basic earnings per share | $5.11 | $4.43 | $4.40 |
| Diluted earnings per share | $5.09 | $4.41 | $4.40 |
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