v3.26.1
SEGMENT INFORMATION (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule of Segment Information
The following table shows segment results for the three months ended June 30, 2026 and 2025, and represent amounts included in management's reports that are regularly provided to the Company's CODM: Rodger Levenson, Chairman, President and Chief Executive Officer. The CODM evaluates performance based on pretax net income relative to resources used, and allocates resources based on these results.
Three Months Ended June 30, 2026Three Months Ended June 30, 2025
(Dollars in thousands)WSFS Bank
Cash
Connect®
Wealth
and Trust		TotalWSFS Bank
Cash
Connect®
Wealth
and Trust		Total
Statements of Income
External client revenues:
Interest income$250,111 $— $6,725 $256,836 $246,891 $— $6,299 $253,190 
Interest expense56,481 — 7,855 64,336 66,142 — 7,553 73,695 
Net interest income193,630 — (1,130)192,500 180,749 — (1,254)179,495 
Noninterest income15,967 22,222 51,779 89,968 19,475 24,301 44,233 88,009 
Total external client revenues209,597 22,222 50,649 282,468 200,224 24,301 42,979 267,504 
Inter-segment revenues:
Interest income7,001 437 36,407 43,845 7,950 465 28,107 36,522 
Interest expense36,844 3,404 3,597 43,845 28,572 4,077 3,873 36,522 
Net interest income(29,843)(2,967)32,810 — (20,622)(3,612)24,234 — 
Noninterest income9,054 473 576 10,103 9,105 452 304 9,861 
Total inter-segment revenues(20,789)(2,494)33,386 10,103 (11,517)(3,160)24,538 9,861 
Total revenue188,808 19,728 84,035 292,571 188,707 21,141 67,517 277,365 
External client expenses:
Provision for credit losses3,227 6 1,811 5,044 8,172 — 4,449 12,621 
Noninterest expenses:
Salaries, benefits and other compensation75,152 2,609 18,006 95,767 70,136 2,587 16,422 89,145 
Occupancy expense8,315 — (6)8,309 8,501 — 328 8,829 
Equipment expense10,249 325 3,087 13,661 11,290 420 2,488 13,778 
Professional fees2,941 159 1,652 4,752 3,456 148 2,755 6,211 
Other segment items(1)
27,397 12,190 4,224 43,811 24,886 13,108 2,818 41,380 
Total external client expenses127,281 15,289 28,774 171,344 126,441 16,263 29,260 171,964 
Inter-segment expenses:
Noninterest expenses1,049 1,487 7,567 10,103 756 1,585 7,520 9,861 
Total inter-segment expenses1,049 1,487 7,567 10,103 756 1,585 7,520 9,861 
Total expenses128,330 16,776 36,341 181,447 127,197 17,848 36,780 181,825 
Income before taxes$60,478 $2,952 $47,694 $111,124 $61,510 $3,293 $30,737 $95,540 
Income tax provision26,795 23,319 
Consolidated net income84,329 72,221 
Net loss attributable to noncontrolling interest(69)(105)
Net income attributable to WSFS$84,398 $72,326 
Supplemental Information
Capital expenditures for the period ended$1,735 $— $— $1,735 $1,774 $67 $135 $1,976 
(1)Other segment items for each reportable segment includes:
WSFS Bank - data processing and operation expense, marketing expense, FDIC expense, loan workout and other credit costs, corporate development expense, restructuring expense, and certain other noninterest expenses.
Cash Connect® - data processing and operation expense, marketing expense, and certain other noninterest expenses, which includes external funding costs.
Wealth and Trust - data processing and operation expense, marketing expense, FDIC expense, loan workout and other credit costs, and certain other noninterest expenses
Six Months Ended June 30, 2026Six Months Ended June 30, 2025
(Dollars in thousands)WSFS Bank
Cash
Connect®
Wealth
and Trust		TotalWSFS Bank
Cash
Connect®
Wealth
and Trust		Total
Statements of Income
External client revenues:
Interest income492,842 — 13,203 506,045 491,768 — 12,300 504,068 
Interest expense112,728 — 15,681 128,409 134,075 — 15,282 149,357 
Net interest income380,114 — (2,478)377,636 357,693 — (2,982)354,711 
Noninterest income34,694 44,047 101,342 180,083 36,170 48,836 83,900 168,906 
Total external client revenues414,808 44,047 98,864 557,719 393,863 48,836 80,918 523,617 
Inter-segment revenues:
Interest income13,521 895 68,706 83,122 15,484 886 53,749 70,119 
Interest expense69,601 6,491 7,030 83,122 54,635 7,974 7,510 70,119 
Net interest income(56,080)(5,596)61,676 — (39,151)(7,088)46,239 — 
Noninterest income17,954 878 1,056 19,888 17,327 850 518 18,695 
Total inter-segment revenues(38,126)(4,718)62,732 19,888 (21,824)(6,238)46,757 18,695 
Total revenue376,682 39,329 161,596 577,607 372,039 42,598 127,675 542,312 
External client expenses:
Provision for (release of) credit losses82 (70)3,034 3,046 24,683 — 5,288 29,971 
Noninterest expenses:
Salaries, benefits and other compensation146,834 5,072 35,748 187,654 134,073 5,208 32,341 171,622 
Occupancy expense18,472 — (24)18,448 18,026 — 696 18,722 
Equipment expense20,295 738 5,900 26,933 21,336 887 5,170 26,506 
Professional fees5,825 198 2,847 8,870 6,641 243 4,268 10,909 
Other segment items(1)
55,783 24,424 6,953 87,160 48,342 28,383 5,524 83,379 
Total external client expenses247,291 30,362 54,458 332,111 253,101 34,721 53,287 341,109 
Inter-segment expenses:
Noninterest expenses1,934 3,002 14,952 19,888 1,368 3,030 14,297 18,695 
Total inter-segment expenses1,934 3,002 14,952 19,888 1,368 3,030 14,297 18,695 
Total expenses249,225 33,364 69,410 351,999 254,469 37,751 67,584 359,804 
Income before taxes$127,457 $5,965 $92,186 225,608 $117,570 $4,847 $60,091 182,508 
Income tax provision54,434 44,420 
Consolidated net income171,174 138,088 
Net loss attributable to noncontrolling interest(51)(134)
Net income attributable to WSFS171,225 138,222 
Supplemental Information
Capital expenditures for the period ended2,620 — — 2,620 3,795 109 503 4,407 
(1)Other segment items for each reportable segment includes:
WSFS Bank - data processing and operation expense, marketing expense, FDIC expense, loan workout and other credit costs, corporate development expense, restructuring expense, and certain other noninterest expenses.
Cash Connect® - data processing and operation expense, marketing expense, and certain other noninterest expenses, which includes external funding costs.
Wealth and Trust - data processing and operation expense, marketing expense, FDIC expense, loan workout and other credit costs, and certain other noninterest expenses.
The following table shows significant components of segment net assets as of June 30, 2026 and December 31, 2025:
June 30, 2026December 31, 2025
(Dollars in thousands)WSFS Bank
Cash
Connect®
Wealth
and Trust		TotalWSFS Bank
Cash
Connect®
Wealth
and Trust		Total
Statements of Financial Condition
Cash and cash equivalents$2,137,644 $387,730 $45,262 $2,570,636 $1,296,675 $355,854 $46,625 $1,699,154 
Goodwill753,586 — 131,638 885,224 753,586 — 131,638 885,224 
Other segment assets18,654,877 6,997 536,214 19,198,088 18,214,198 7,827 507,673 18,729,698 
Total segment assets$21,546,107 $394,727 $713,114 $22,653,948 $20,264,459 $363,681 $685,936 $21,314,076