WSFS FINANCIAL CORP
For the period ended Jun 30, 2025. Filed Jul 31, 2025.
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Jun 30, 2025 · Filed Jul 31, 2025
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Unregistered Sales of Equity Securities and Use of Proceeds
During the second quarter of 2022, the Board of Directors of the Company approved a share repurchase program authorizing the repurchase of 6,358,727 shares of common stock, or 10% of its outstanding shares as of June 30, 2022. During the second quarter of 2025, the Board of Directors of the Company approved a share repurchase program authorizing the repurchase of 5,769,334 shares of common stock, or 10% of its outstanding shares as of March 31, 2025. Under the programs, repurchases may be made from time to time in the open market or through negotiated transactions, subject to market conditions and other factors, and in accordance with applicable securities laws. The programs are consistent with our intent to optimize capital levels through a mix of dividends and share repurchases while maintaining capital ratios in excess of “well-capitalized” regulatory benchmarks and targeting a corporate Common Equity Tier 1 capital ratio of approximately 12%.
The following table represents information with respect to repurchases of common stock made by the Company during the three months ended June 30, 2025.
| Month | Total Numberof Shares Purchased | Average PricePaid Per Share | Total Number ofShares Purchased asPart of PubliclyAnnounced Plans orPrograms | Maximum Number of Shares that May Yet Be Purchased Under the Plans or Programs |
|---|---|---|---|---|
| April 1, 2025 - April 30, 2025 | 1,012,199 | $47.98 | 1,012,199 | 7,021,775 |
| May 1, 2025 - May 31, 2025 | 274,000 | 54.07 | 274,000 | 6,747,775 |
| June 1, 2025 - June 30, 2025 | 270,000 | 53.07 | 270,000 | 6,477,775 |
| Total | 1,556,199 | $49.93 | 1,556,199 |
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