WSFS FINANCIAL CORP
For the period ended Mar 31, 2025. Filed May 7, 2025.
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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, 2025 · Filed May 7, 2025
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) | March 31, 2025 | December 31, 2024 |
|---|---|---|
| Assets: | ||
| Cash and due from banks | $693,830 | $722,722 |
| Cash in non-owned ATMs | 322,520 | 430,320 |
| Interest-bearing deposits in other banks including collateral (restricted cash) of $560 at March 31, 2025 and $1,701 at December 31, 2024 | 944 | 1,776 |
| Total cash, cash equivalents, and restricted cash | 1,017,294 | 1,154,818 |
| Investment securities, available-for-sale (amortized cost of $4,163,541 at March 31, 2025 and $4,218,266 at December 31, 2024) | 3,548,077 | 3,510,648 |
| Investment securities, held-to-maturity, net of allowance for credit losses of $6 at March 31, 2025 and $7 at December 31, 2024 (fair value $898,739 at March 31, 2025 and $895,511 at December 31, 2024) | 1,006,410 | 1,015,161 |
| Other investments | 17,722 | 18,184 |
| Loans, held for sale at fair value | 52,481 | 49,699 |
| Loans and leases, net of allowance for credit losses of $187,515 at March 31, 2025 and $195,281 at December 31, 2024 | 12,922,842 | 12,996,218 |
| Bank owned life insurance | 36,344 | 36,565 |
| Stock in Federal Home Loan Bank (FHLB) of Pittsburgh at cost | 20,886 | 11,805 |
| Other real estate owned | 5,204 | 5,204 |
| Accrued interest receivable | 80,418 | 84,671 |
| Premises and equipment | 85,237 | 86,028 |
| Goodwill and intangible assets | 983,882 | 988,160 |
| Other assets, net of allowance for credit losses of $567 at March 31, 2025 and $– at December 31, 2024 | 772,153 | 857,142 |
| Total assets | $20,548,950 | $20,814,303 |
| Liabilities and Stockholders’ Equity | ||
| Liabilities: | ||
| Deposits: | ||
| Noninterest-bearing | $4,947,049 | $4,987,753 |
| Interest-bearing | 11,932,012 | 12,042,055 |
| Total deposits | 16,879,061 | 17,029,808 |
| FHLB advances | 51,040 | 51,040 |
| Trust preferred borrowings | 90,883 | 90,834 |
| Senior and subordinated debt | 148,688 | 218,631 |
| Other borrowed funds | 27,481 | 23,102 |
| Accrued interest payable | 35,947 | 38,173 |
| Other liabilities | 654,641 | 783,339 |
| Total liabilities | 17,887,741 | 18,234,927 |
| Stockholders’ Equity: | ||
| Common stock $0.01 par value, 90,000,000 shares authorized; issued 76,327,551 at March 31, 2025 and 76,264,211 at December 31, 2024 | 763 | 763 |
| Capital in excess of par value | 1,999,830 | 1,996,191 |
| Accumulated other comprehensive loss | (549,474) | (624,877) |
| Retained earnings | 1,928,631 | 1,871,523 |
| Treasury stock at cost, 18,634,216 shares at March 31, 2025 and 17,607,002 shares at December 31, 2024 | (708,136) | (653,848) |
| Total stockholders’ equity of WSFS | 2,671,614 | 2,589,752 |
| Noncontrolling interest | (10,405) | (10,376) |
| Total stockholders' equity | 2,661,209 | 2,579,376 |
| Total liabilities and stockholders' equity | $20,548,950 | $20,814,303 |
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