WSFS FINANCIAL CORP
For the period ended Dec 31, 2024. Filed Feb 28, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 28, 2025
WSFS$79.89+1.2%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Financial Condition
| December 31, | ||
|---|---|---|
| (Dollars in thousands, except per share and share data) | 2024 | 2023 |
| Assets: | ||
| Cash and due from banks | $722,722 | $629,310 |
| Cash in non-owned ATMs | 430,320 | 458,889 |
| Interest-bearing deposits in other banks including collateral (restricted cash) of $1,701 at December 31, 2024 and $4,270 at December 31, 2023 | 1,776 | 4,701 |
| Total cash, cash equivalents, and restricted cash | 1,154,818 | 1,092,900 |
| Investment securities, available for sale (amortized cost of $4,218,266 at December 31, 2024 and $4,504,342 at December 31, 2023) | 3,510,648 | 3,846,537 |
| Investment securities, held to maturity, net of allowance for credit losses of $7 at December 31, 2024 and $8 at December 31, 2023 (fair value $895,511 at December 31, 2024 and $985,931 at December 31, 2023) | 1,015,161 | 1,058,557 |
| Other investments | 18,184 | 17,434 |
| Loans held for sale at fair value | 49,699 | 29,268 |
| Loans and leases, net of allowance of $195,281 at December 31, 2024 and $186,126 at December 31, 2023 | 12,996,218 | 12,583,202 |
| Bank-owned life insurance | 36,565 | 42,762 |
| Stock in Federal Home Loan Bank of Pittsburgh, at cost | 11,805 | 15,398 |
| Other real estate owned | 5,204 | 1,569 |
| Accrued interest receivable | 84,671 | 85,979 |
| Premises and equipment | 86,028 | 104,484 |
| Goodwill and intangible assets | 988,160 | 1,004,560 |
| Other assets | 857,142 | 712,022 |
| Total assets | $20,814,303 | $20,594,672 |
| Liabilities and Stockholders’ Equity | ||
| Liabilities: | ||
| Deposits: | ||
| Noninterest-bearing | $4,987,753 | $4,917,297 |
| Interest-bearing demand | 12,042,055 | 11,556,789 |
| Total deposits | 17,029,808 | 16,474,086 |
| Federal Home Loan Bank advances | 51,040 | — |
| Trust preferred borrowings | 90,834 | 90,638 |
| Senior and subordinated debt | 218,631 | 218,400 |
| Other borrowed funds | 23,102 | 586,038 |
| Accrued interest payable | 38,173 | 46,684 |
| Other liabilities | 783,339 | 709,011 |
| Total liabilities | 18,234,927 | 18,124,857 |
| Stockholders’ Equity: | ||
| Common stock 0.01 par value, shares authorized of 90,000,000; shares issued of 76,264,211 at December 31, 2024 and 76,095,094 at December 31, 2023 | 763 | 761 |
| Capital in excess of par value | 1,996,191 | 1,984,746 |
| Accumulated other comprehensive loss | (624,877) | (593,991) |
| Retained earnings | 1,871,523 | 1,643,657 |
| Treasury stock at cost, 17,607,002 shares at December 31, 2024 and 15,557,263 shares at December 31, 2023 | (653,848) | (557,537) |
| Total stockholders’ equity of WSFS | 2,589,752 | 2,477,636 |
| Noncontrolling interest | (10,376) | (7,821) |
| Total stockholders’ equity | 2,579,376 | 2,469,815 |
| Total liabilities and stockholders’ equity | $20,814,303 | $20,594,672 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.