WSFS FINANCIAL CORP
For the period ended Sep 30, 2024. Filed Nov 6, 2024.
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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.
Sep 30, 2024 · Filed Nov 6, 2024
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 Financial Condition as of and
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION
| (Dollars in thousands, except per share and share data) | September 30, 2024 | December 31, 2023 |
|---|---|---|
| Assets: | ||
| Cash and due from banks | $571,798 | $629,310 |
| Cash in non-owned ATMs | 414,931 | 458,889 |
| Interest-bearing deposits in other banks including collateral (restricted cash) of $3,730 at September 30, 2024 and $4,270 at December 31, 2023 | 4,189 | 4,701 |
| Total cash, cash equivalents, and restricted cash | 990,918 | 1,092,900 |
| Investment securities, available-for-sale (amortized cost of $4,290,823 at September 30, 2024 and $4,504,342 at December 31, 2023) | 3,737,119 | 3,846,537 |
| Investment securities, held-to-maturity, net of allowance for credit losses of $7 at September 30, 2024 and $8 at December 31, 2023 (fair value $958,969 at September 30, 2024 and $985,931 at December 31, 2023) | 1,026,305 | 1,058,557 |
| Other investments | 16,976 | 17,434 |
| Loans, held for sale at fair value | 42,121 | 29,268 |
| Loans and leases, net of allowance for credit losses of $197,490 at September 30, 2024 and $186,126 at December 31, 2023 | 13,124,684 | 12,583,202 |
| Bank owned life insurance | 35,658 | 42,762 |
| Stock in Federal Home Loan Bank (FHLB) of Pittsburgh at cost | 17,497 | 15,398 |
| Other real estate owned | 1,301 | 1,569 |
| Accrued interest receivable | 87,360 | 85,979 |
| Premises and equipment | 104,401 | 104,484 |
| Goodwill and intangible assets | 992,163 | 1,004,560 |
| Other assets | 728,706 | 712,022 |
| Total assets | $20,905,209 | $20,594,672 |
| Liabilities and Stockholders’ Equity | ||
| Liabilities: | ||
| Deposits: | ||
| Noninterest-bearing | $4,685,957 | $4,917,297 |
| Interest-bearing | 11,741,074 | 11,556,789 |
| Total deposits | 16,427,031 | 16,474,086 |
| FHLB advances | 43,158 | — |
| Trust preferred borrowings | 90,785 | 90,638 |
| Senior and subordinated debt | 218,573 | 218,400 |
| Other borrowed funds | 722,645 | 586,038 |
| Accrued interest payable | 73,418 | 46,684 |
| Other liabilities | 662,584 | 709,011 |
| Total liabilities | 18,238,194 | 18,124,857 |
| Stockholders’ Equity: | ||
| Common stock $0.01 par value, 90,000,000 shares authorized; issued 76,246,771 at September 30, 2024 and 76,095,094 at December 31, 2023 | 762 | 761 |
| Capital in excess of par value | 1,994,072 | 1,984,746 |
| Accumulated other comprehensive loss | (500,017) | (593,991) |
| Retained earnings | 1,816,143 | 1,643,657 |
| Treasury stock at cost, 17,213,764 shares at September 30, 2024 and 15,557,263 shares at December 31, 2023 | (632,696) | (557,537) |
| Total stockholders’ equity of WSFS | 2,678,264 | 2,477,636 |
| Noncontrolling interest | (11,249) | (7,821) |
| Total stockholders' equity | 2,667,015 | 2,469,815 |
| Total liabilities and stockholders' equity | $20,905,209 | $20,594,672 |
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