WSFS FINANCIAL CORP
For the period ended Dec 31, 2023. Filed Feb 29, 2024.
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FY2023 · Filed Feb 29, 2024
WSFS$79.89+1.2%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Financial Condition
| December 31, | ||
|---|---|---|
| (Dollars in thousands, except per share and share data) | 2023 | 2022 |
| Assets: | ||
| Cash and due from banks | $629,310 | $332,961 |
| Cash in non-owned ATMs | 458,889 | 499,017 |
| Interest-bearing deposits in other banks including collateral (restricted cash) of $4,270 at December 31, 2023 and $4,650 at December 31, 2022 | 4,701 | 5,280 |
| Total cash, cash equivalents, and restricted cash | 1,092,900 | 837,258 |
| Investment securities, available for sale (amortized cost of $4,504,342 at December 31, 2023 and $4,834,550 at December 31, 2022) | 3,846,537 | 4,093,060 |
| Investment securities, held to maturity, net of allowance for credit losses of $8 at December 31, 2023 and $10 at December 31, 2022 (fair value $985,931 at December 31, 2023 and $1,040,104 at December 31, 2022) | 1,058,557 | 1,111,619 |
| Other investments | 17,434 | 26,120 |
| Loans held for sale at fair value | 29,268 | 42,985 |
| Loans and leases, net of allowance of $186,126 at December 31, 2023 and $151,861 at December 31, 2022 | 12,583,202 | 11,759,992 |
| Bank-owned life insurance | 42,762 | 101,935 |
| Stock in Federal Home Loan Bank of Pittsburgh, at cost | 15,398 | 24,116 |
| Other real estate owned | 1,569 | 833 |
| Accrued interest receivable | 85,979 | 74,448 |
| Premises and equipment | 104,484 | 115,603 |
| Goodwill | 885,898 | 883,637 |
| Intangible assets | 118,662 | 128,595 |
| Other assets | 712,022 | 714,554 |
| Total assets | $20,594,672 | $19,914,755 |
| Liabilities and Stockholders’ Equity | ||
| Liabilities: | ||
| Deposits: | ||
| Noninterest-bearing | $4,917,297 | $5,739,647 |
| Interest-bearing demand | 11,556,789 | 10,463,922 |
| Total deposits | 16,474,086 | 16,203,569 |
| Federal Home Loan Bank advances | — | 350,000 |
| Trust preferred borrowings | 90,638 | 90,442 |
| Senior and subordinated debt | 218,400 | 248,169 |
| Other borrowed funds | 586,038 | 38,283 |
| Accrued interest payable | 46,684 | 5,174 |
| Other liabilities | 709,011 | 777,232 |
| Total liabilities | 18,124,857 | 17,712,869 |
| Stockholders’ Equity: | ||
| Common stock 0.01 par value, shares authorized of 90,000,000; shares issued of 76,095,094 at December 31, 2023 and 75,921,997 at December 31, 2022 | 761 | 759 |
| Capital in excess of par value | 1,984,746 | 1,974,210 |
| Accumulated other comprehensive loss | (593,991) | (675,844) |
| Retained earnings | 1,643,657 | 1,411,243 |
| Treasury stock at cost, 15,557,263 shares at December 31, 2023 and 14,310,085 shares at December 31, 2022 | (557,537) | (505,255) |
| Total stockholders’ equity of WSFS | 2,477,636 | 2,205,113 |
| Noncontrolling interest | (7,821) | (3,227) |
| Total stockholders’ equity | 2,469,815 | 2,201,886 |
| Total liabilities and stockholders’ equity | $20,594,672 | $19,914,755 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.