v3.26.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Interest income:        
Interest and fees on loans and leases $ 208,206 $ 216,005 $ 413,449 $ 432,757
Interest on mortgage-backed securities 27,975 24,531 53,217 49,276
Interest and dividends on investment securities:        
Taxable 700 700 1,399 1,399
Tax-exempt 1,457 1,486 2,929 2,973
Other interest income 18,498 10,468 35,051 17,663
Total interest income 256,836 253,190 506,045 504,068
Interest expense:        
Interest on deposits 59,694 70,124 119,191 141,228
Interest on Federal Home Loan Bank advances 491 949 930 1,887
Interest on senior debt 2,765 1,089 5,531 3,163
Interest on trust preferred borrowings 1,370 1,518 2,725 3,041
Interest on other borrowings 16 15 32 38
Total interest expense 64,336 73,695 128,409 149,357
Net interest income 192,500 179,495 377,636 354,711
Provision for credit losses 5,044 12,621 3,046 29,971
Net interest income after provision for credit losses 187,456 166,874 374,590 324,740
Noninterest income:        
Loan and lease fee income 1,618 1,430 3,620 2,895
Unrealized loss on equity investments, net (4,134) 0 (4,134) 0
Realized gain on sale of equity investments, net 159 18 159 18
Total non interest income 89,968 88,009 180,083 168,906
Noninterest expense:        
Salaries, benefits and other compensation 95,767 89,145 187,654 171,622
Occupancy expense 8,309 8,829 18,448 18,722
Equipment expense 13,661 13,778 26,933 26,506
Data processing and operations expenses 5,246 5,010 10,257 9,705
Professional fees 4,752 6,211 8,870 10,909
Marketing expense 2,567 1,925 4,702 3,620
FDIC expenses 2,523 2,433 5,157 5,011
Loan workout and other credit costs 2,087 1,629 4,261 1,869
Corporate development expense 63 (329) 120 (270)
Restructuring expense 0 0 2,796 260
Other operating expense 31,325 30,712 59,867 63,184
Noninterest expenses 166,300 159,343 329,065 311,138
Income before taxes 111,124 95,540 225,608 182,508
Income tax provision 26,795 23,319 54,434 44,420
Net income (loss) 84,329 72,221 171,174 138,088
Less: Net loss attributable to noncontrolling interest (69) (105) (51) (134)
Net income attributable to WSFS $ 84,398 $ 72,326 $ 171,225 $ 138,222
Earnings per share:        
Basic (in dollars per share) $ 1.63 $ 1.28 $ 3.27 $ 2.40
Diluted (in dollars per share) $ 1.63 $ 1.27 $ 3.26 $ 2.39
Weighted average shares of common stock outstanding:        
Basic (in shares) 51,799,002 56,702,264 52,319,407 57,572,272
Diluted (in shares) 51,935,567 56,851,797 52,475,721 57,765,602
Credit/debit card and ATM income        
Noninterest income:        
Noninterest income $ 15,620 $ 18,309 $ 30,686 $ 37,052
Investment management and fiduciary income        
Noninterest income:        
Noninterest income 51,460 43,774 100,587 83,055
Deposit service charges        
Noninterest income:        
Noninterest income 7,041 6,802 13,918 13,555
Mortgage banking activities, net        
Noninterest income:        
Noninterest income 1,323 2,341 3,684 4,141
Other income        
Noninterest income:        
Noninterest income $ 16,881 $ 15,335 $ 31,563 $ 28,190