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…
Earnings analysis · 10-Q
WSFS earnings analysis
Filed May 4, 2026 · Our reading of the company's report
The latest report
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…
Read full summary
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.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $1.45
What stood out
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Revenue Decline
Total revenue decreased 44.6% year-over-year, from $332M in Q1 2025 to $185.1M in Q1 2026.
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EPS Downturn
Diluted EPS fell from $1.12 in Q1 2025 to $1.45 in Q1 2026.
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Dividends Increased
Management increased the quarterly cash dividend by 18% to $0.20 per share.
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Strong Deposit Growth
Total deposits rose $826 million, or 4.7%, compared to the previous quarter.
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Wealth and Trust Growth
Wealth and Trust income increased by 25% compared to the prior year.
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Share Repurchase Program
WSFS repurchased 1,319,626 shares at an average price of $64.38, totaling approximately $85 million.
What to watch
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Revenue Sharply Declined
Revenue dropped significantly by 44.6%, raising concerns about ongoing operational challenges.
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Increased Nonperforming Assets
Nonperforming assets increased from $72.1 million to $87.8 million, with higher ratios compared to prior periods.
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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.
Management's outlook
No explicit numerical guidance provided; outlook emphasizes managing costs and leveraging deposit growth.
Earlier filings 4
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 itself. Analysis can contain errors; check the source document for full context.