WSFS FINANCIAL CORP

For the period ended Mar 31, 2026. Filed May 4, 2026.

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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2026 · Filed May 4, 2026

WSFS$79.94+0.1%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Cash Flows for the and

CONSOLIDATED STATEMENTS OF CASH FLOWS

	Three Months Ended March 31,
(Dollars in thousands)	2026	2025
Operating activities:
Net income	$86,845	$65,867
Adjustments to reconcile net income to net cash provided by operating activities:
(Recovery of) provision for credit losses	(1,998)	17,350
Depreciation of premises and equipment, net	4,645	3,222
Accretion of fees and discounts, net	(5,793)	(6,604)
Amortization of intangible assets	3,665	3,896
Amortization of right-of-use lease assets	2,375	2,479
Decrease in operating lease liability	(2,797)	(2,551)
Income from mortgage banking activities, net	(2,361)	(1,800)
Loss on sale of other real estate owned and valuation adjustments, net	11	—
Stock-based compensation expense	3,530	2,999
Deferred income tax benefit	11,446	10,715
Decrease in accrued interest receivable	1,243	4,253
Decrease in other assets	26,725	56,272
Origination of loans held for sale	(111,429)	(93,339)
Proceeds from sales of loans held for sale	94,923	74,687
(Increase) decrease in value of bank owned life insurance	(481)	221
Increase in capitalized interest, net	(139)	(487)
Increase (decrease) in accrued interest payable	689	(2,226)
Decrease in other liabilities	(24,726)	(126,208)
Net cash provided by operating activities	$86,373	$8,746
Investing activities:
Repayments, maturities and calls of investment securities held-to-maturity	13,457	12,502
Purchases of investment securities available-for-sale	(154,253)	(36,065)
Repayments, maturities and calls of investment securities available-for-sale	102,589	90,006
Net decrease in loans	1,356	77,615
Purchases of stock of Federal Home Loan Bank of Pittsburgh	(188,000)	(117,999)
Redemptions of stock of Federal Home Loan Bank of Pittsburgh	173,911	108,918
Sales of other real estate owned	189	—
Investment in premises and equipment	(885)	(2,431)
Net cash (used in) provided by investing activities	$(51,636)	$132,546

	Three Months Ended March 31,
(Dollars in thousands)	2026	2025
Financing activities:
Net increase (decrease) in demand and saving deposits	$921,408	$(115,520)
Decrease in time deposits	(87,850)	(30,860)
Receipts from FHLB advances	4,000,000	2,950,000
Repayments of FHLB advances	(4,000,000)	(2,950,000)
Cash dividend	(9,029)	(8,788)
Issuance of common stock including proceeds from exercise of common stock options	(1,087)	640
Redemption of subordinated debt	—	(70,000)
Repurchases of common stock	(85,753)	(54,288)
Net cash provided by (used in) financing activities	$737,689	$(278,816)
Increase (decrease) in cash, cash equivalents, and restricted cash	772,426	(137,524)
Cash, cash equivalents, and restricted cash at beginning of period	1,699,154	1,154,818
Cash, cash equivalents, and restricted cash at end of period	$2,471,580	$1,017,294
Supplemental disclosure of cash flow information:
Cash paid during the period for:
Interest	$63,385	$77,887
Income taxes(1)	2,444	14,135
Non-cash information:
Loans transferred to other real estate owned	$12,717	$—
Loans transferred to portfolio from held for sale at fair value	5,902	16,677

(1)Includes $11.4 million related to the purchase of renewable energy tax credits for the three months ended March 31, 2025.

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