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11.07.25 - 22:39
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WSFS Financial Corp.′s A- Senior Unsecured Debt Rating Affirmed with Stable Outlook by KBRA, Reflecting Strong Earnings, Liquidity, Capital and Diversified Fee Revenue (Business Wire)
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WILMINGTON, Del.--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) has reaffirmed the senior unsecured debt rating of A- for WSFS Financial Corporation (NASDAQ: WSFS) (“WSFS” or “the Company”). KBRA also reaffirmed WSFS' subordinated debt rating of BBB+ and a short-term debt rating of K2. WSFS Bank, the Company's primary subsidiary, received strong credit ratings as well, including A ratings for both senior unsecured debt and deposit, a subordinated debt rating of A-, and the short-term debt and deposit ratings of K1. KBRA's debt rating report for WSFS can be accessed here.
“For the tenth consecutive year, WSFS has received a strong Investment Grade debt rating from KBRA. This rating reflects our diversified revenue model and strong returns, while maintaining ample capital and liquidity. We continue to be well-positioned to serve our Clients and support our communities,” said WSFS' Executive Vice President and Chief Financial Officer, David Burg.
KBRA also noted the ratings are supported b...
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10.07.25 - 22:03
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WSFS Financial Corporation Announces Second Quarter 2025 Earnings Release Date and Conference Call (Business Wire)
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WILMINGTON, Del.--(BUSINESS WIRE)--WSFS Financial Corporation (Nasdaq: WSFS), the parent company of WSFS Bank, expects to report its second quarter earnings at the end of business on Thursday, July 24, 2025. Management will conduct a conference call to review this information at 1:00 p.m. Eastern Time (ET) on Friday, July 25, 2025.
Interested parties can register in advance here or access the conference call live at investors.wsfsbank.com. Earnings release and supplemental materials will be available prior to the start of the event via the Investor Relations section of the Company's website and participants are advised to log on at least 15 minutes prior to the broadcast.
For those who cannot access the live conference call, a replay will be accessible shortly after the event concludes through the links above.
About WSFS Financial Corporation
WSFS Financial Corporation is a multibillion-dollar financial services company. Its primary subsidiary, WSFS Bank, is the oldest and largest locally headquartered b...
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09.07.25 - 16:03
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WSFS Names Frank McGrane, Executive Vice President, Chief Credit Officer (Business Wire)
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WILMINGTON, Del.--(BUSINESS WIRE)--WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), has named Frank McGrane as Executive Vice President, Chief Credit Officer (CCO). He will report to Christine Davis, Executive Vice President, Chief Risk Officer.
“Frank's decades of experience with credit risk and lending make him a natural fit to oversee WSFS' credit exposures,” said Davis. “He will play a critical role as WSFS continues to grow and build upon its strong foundation.”
McGrane's responsibilities as CCO include oversight and administration of WSFS Bank's commercial, consumer and other credit exposures as well as loan policies and procedures. McGrane most recently served as WSFS' Deputy Chief Credit Officer and will be taking over for Liam Brickley, who is retiring.
“WSFS Bank's credit team works alongside our bankers to serve the ever-changing needs of our clients and communities,” said McGrane. “I look forward to building upon that legacy as our capabilitie...
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28.04.25 - 16:15
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WSFS Names Rebecca Seeman as Chief Operating Officer, Consumer Banking (Business Wire)
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WILMINGTON, Del.--(BUSINESS WIRE)--WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), has named Rebecca Seeman as Senior Vice President, Chief Operating Officer, Consumer Banking.
Reporting to Shari Kruzinski, Executive Vice President and Chief Consumer Banking Officer, Seeman will oversee sales enablement, product management and application strategy, consumer finance and business insights.
"Rebecca's impressive career and deep expertise in consumer banking and leadership make her an ideal fit for WSFS' mission of We Stand for Service," said Kruzinski. "She'll make an immediate positive impact and help us continue to provide exceptional service to our clients."
With nearly 20 years of banking experience, Seeman held roles of increasing importance in consumer banking, strategic planning, client and associate experience, and change management. She began her career in the branch network before advancing to roles in finance, project management, corporate str...
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24.04.25 - 22:06
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WSFS Reports 1Q 2025 EPS of $1.12, ROA of 1.29% and NIM of 3.88%; Board Approved 13% Dividend Increase and Additional 10% Share Repurchase Authorization (Business Wire)
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WILMINGTON, Del.--(BUSINESS WIRE)--WSFS Financial Corporation (Nasdaq: WSFS), the parent company of WSFS Bank, today announced its financial results for the first quarter of 2025.
Selected financial results and metrics are as follows:
(Dollars in millions, except per share data)
1Q 2025
4Q 2024
1Q 2024
Net interest income
$
175.2
$
178.2
$
175.3
Fee revenue
80.9
83.3
75.9
Total net revenue
256.1
261.5
251.1
Provision for credit losses
17.4
8.0
15.1
Noninterest expense
151.8
169.1
149.1
Net income attributable to WSFS
65.9
64.2
65.8
Pre-provision net revenue (PPNR)(1)
104.3
92.4
102.1
Earnings per share (EPS) (diluted)
1.12
1.09
1.09
Return on average assets (ROA) (a)
1.29
%
1.21
%
1.28
%
Return on average equity (ROE) (a)
...
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14.04.25 - 16:15
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WSFS Names Kate McGlinchey, Senior Vice President, Chief Compliance Officer (Business Wire)
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WILMINGTON, Del.--(BUSINESS WIRE)--WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), has named Kate McGlinchey as Senior Vice President, Chief Compliance Officer.
Reporting to WSFS Executive Vice President and Chief Risk Officer, Christine Davis, McGlinchey will lead the design and execution of the bank's Compliance Management, Fraud, and Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) programs. Her responsibilities cover all risk areas of the organization, including wealth, consumer regulatory compliance, BSA/AML, enterprise governance, risk management and driving the strategic direction of the bank's compliance team.
“Kate is a seasoned compliance professional with extensive industry experience,” said Davis. “Kate's expertise will ensure that our commitment to regulatory standards remains strong, enabling continued growth.”
McGlinchey joins WSFS with more than 20 years of experience in regulatory compliance, financial crimes, risk management, first line of...
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10.04.25 - 22:09
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WSFS Financial Corporation Announces First Quarter 2025 Earnings Release Date and Conference Call (Business Wire)
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WILMINGTON, Del.--(BUSINESS WIRE)--WSFS Financial Corporation (Nasdaq: WSFS), the parent company of WSFS Bank, expects to report its first quarter earnings at the end of business on Thursday, April 24, 2025. Management will conduct a conference call to review this information at 1:00 p.m. Eastern Time (ET) on Friday, April 25, 2025.
Interested parties can register in advance here or access the conference call live at investors.wsfsbank.com. Earnings release and supplemental materials will be available prior to the start of the event via the Investor Relations section of the Company's website and participants are advised to log on at least 15 minutes prior to the broadcast.
For those who cannot access the live conference call, a replay will be accessible shortly after the event concludes through the links above.
About WSFS Financial Corporation
WSFS Financial Corporation is a multibillion-dollar financial services company. Its primary subsidiary, WSFS Bank, is the oldest and largest locally headquartered ...
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31.03.25 - 18:48
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WSFS CARES Foundation Provided $2.7 Million in Charitable Grants and Contributions in 2024 (Business Wire)
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WILMINGTON, Del.--(BUSINESS WIRE)--The WSFS CARES Foundation, the charitable giving arm of WSFS Financial Corporation (Nasdaq: WSFS), announced it provided grants and donations totaling more than $2.7 million to more than 323 community organizations located across Delaware, New Jersey and Pennsylvania in 2024.
In addition to the grants, Team WSFS, the WSFS corporate volunteer program, volunteered more than 33,000 hours during 2024. This included the second annual “We Stand for Service Day” in June, a volunteer initiative where WSFS closed its banking offices for a half day so approximately 1,600 Associates could volunteer nearly 6,000 hours at more than 130 organizations and make an impact across the region.
“We are pleased that the CARES Foundation can continue to support the local nonprofits making a difference in our communities. They are doing important, essential work,” said Patrick J. Ward, Executive Vice President, Pennsylvania Market President at WSFS Bank and Chairman of the WSFS CARES Fo...
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18.02.25 - 19:57
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WSFS Names Chris Ballard, Senior Vice President, Director of Total Rewards (Business Wire)
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WILMINGTON, Del.--(BUSINESS WIRE)--WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), has named Chris Ballard as Senior Vice President, Director of Total Rewards, reporting to Lisa Brubaker, Executive Vice President and Chief Human Resources Officer.
“I am thrilled to welcome Chris to our team,” said Brubaker. “With his many years of experience in the compensation, benefits, and total rewards field, Chris brings a wealth of expertise that will be invaluable as we continue to refine and enhance our Associate offerings.”
“I'm confident his leadership will play a key role in taking our team to the next level as we strive to create an even more rewarding workplace for our Associates and continue to be an employer of choice across the communities we serve,” she continued.
In his new role, Ballard will develop, implement, and execute a comprehensive total rewards strategy and oversee WSFS' compensation, benefits and wellbeing, payroll, and HRIS functions.
“I'm excit...
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10.02.25 - 17:03
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Bryn Mawr Trust Expands Bucks County Presence with New Team and Office (Business Wire)
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WILMINGTON, Del.--(BUSINESS WIRE)--WSFS Financial Corporation (Nasdaq: WSFS), the parent company of Bryn Mawr Trust, announced the addition of a new team of experienced Wealth Advisory professionals to support its growing presence in Bucks County, Pennsylvania. Joining from Truist Wealth are Brandon McFadden as Senior Vice President and Wealth Director, Jim Fisher and Chris Freddo, as Senior Vice Presidents and Senior Investment Advisors, and Heather Weinhold as Senior Financial Associate.
McFadden, Fisher, Freddo, and Weinhold will be based in Bryn Mawr Trusts' new office in Doylestown, Pennsylvania. The addition of this talented team and new location marks a significant step in Bryn Mawr Trust's continued expansion in the region.
“We are excited to welcome Brandon, Jim, Chris and Heather to our growing Wealth Management team,” Jamie Hopkins, Executive Vice President and Chief Wealth Officer of Bryn Mawr Trust, said. “Their expertise and experience in the financial services industry will be instr...
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