WSFS earnings analysis
What we found in WSFS's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
In Q1 2026, WSFS Financial reported total revenue of $185.1 million, a significant drop of 44.6% compared to $332 million in Q1 2025, accompanied by diluted EPS of $1.45, down from $1.12 a year prior. The decrease in revenue was primarily driven by lower net interest income and fee income due to declining loan yields and operational challenges. Management highlighted strong deposit growth and an 18% dividend increase as key positives, although a focus on cost management remains crucial moving forward.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Decline
- Total revenue decreased 44.6% year-over-year, from $332M in Q1 2025 to $185.1M in Q1 2026.
- EPS Downturn
- Diluted EPS fell from $1.12 in Q1 2025 to $1.45 in Q1 2026.
- Dividends Increased
- Management increased the quarterly cash dividend by 18% to $0.20 per share.
- Strong Deposit Growth
- Total deposits rose $826 million, or 4.7%, compared to the previous quarter.
- Wealth and Trust Growth
- Wealth and Trust income increased by 25% compared to the prior year.
- Share Repurchase Program
- WSFS repurchased 1,319,626 shares at an average price of $64.38, totaling approximately $85 million.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Revenue Sharply Declined
- Revenue dropped significantly by 44.6%, raising concerns about ongoing operational challenges.
- Increased Nonperforming Assets
- Nonperforming assets increased from $72.1 million to $87.8 million, with higher ratios compared to prior periods.
- Higher Noninterest Expense
- Noninterest expenses rose to $162.8 million, an increase of $11 million year-over-year, driven by higher salaries and restructuring costs.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $1.45
What they said about what is next.
No explicit numerical guidance provided; outlook emphasizes managing costs and leveraging deposit growth.
The filing reads worse than the one before it.
What came before.
- 10-K · March 2, 2026
- WSFS presents a service-driven community bank franchise with scale in banking ($21.3B assets; $12.6B net loans) and wealth ($97.4B AUM/AUA). Management highlights loan and deposit expansion (net loans +11% from $11.8B…
- 10-Q · November 4, 2025
- WSFS reported quarterly net interest income of $184,023,000 and diluted EPS of $1.37 for the three months ended September 30, 2025, with net income up to $76,467,000 from $64,409,000 a year ago. Net interest income and…
- 10-Q · July 31, 2025
- WSFS reported Q2 2025 diluted EPS of $1.27, up from $1.12 in Q1 2025 and $1.16 in Q2 2024, with net income attributable to WSFS of $72,326 (Q2 2025) versus $65,896 in Q1 2025 and $69,273 in Q2 2024. Net interest income…
- 10-Q · May 7, 2025
- WSFS reported modest revenue growth driven by higher noninterest income while net interest income was essentially flat year-over-year; diluted EPS rose to $1.12 from $1.09. Operating performance was supported by a…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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