v3.26.3
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Interest income:        
Interest and fees on loans and leases $ 213,684 $ 218,250 $ 627,133 $ 651,007
Interest on mortgage-backed securities 30,392 24,202 83,609 73,478
Interest and dividends on investment securities:        
Taxable 699 699 2,098 2,098
Tax-exempt 1,438 1,481 4,367 4,454
Other interest income 17,692 13,789 52,743 31,452
Total interest income 263,905 258,421 769,950 762,489
Interest expense:        
Interest on deposits 62,630 71,185 181,821 212,413
Interest on Federal Home Loan Bank advances 495 586 1,425 2,473
Interest on senior debt 2,775 1,089 8,306 4,252
Interest on federal funds purchased 1 2 1 2
Interest on trust preferred borrowings 1,390 1,524 4,115 4,565
Interest on other borrowings 20 12 52 50
Total interest expense 67,311 74,398 195,720 223,755
Net interest income 196,594 184,023 574,230 538,734
Provision for credit losses 8,393 6,566 11,439 36,537
Net interest income after provision for credit losses 188,201 177,457 562,791 502,197
Noninterest income:        
Loan and lease fee income 1,904 2,089 5,524 4,984
Unrealized loss on equity investments, net 0 0 (4,134) 0
Realized gain on sale of equity investments, net 146 939 305 957
Total non interest income 90,978 86,471 271,061 255,377
Noninterest expense:        
Salaries, benefits and other compensation 93,817 91,661 281,471 263,283
Occupancy expense 9,380 8,498 27,828 27,220
Equipment expense 14,648 12,933 41,581 39,439
Data processing and operations expenses 4,977 5,045 15,234 14,750
Professional fees 3,572 4,942 12,442 15,851
Marketing expense 2,528 2,178 7,230 5,798
Loss on debt extinguishment 0 352 0 352
FDIC expenses 2,539 2,739 7,696 7,750
Loan workout and other credit costs 3,150 1,802 7,411 3,671
Corporate development expense 62 171 182 (99)
Restructuring expense 24 398 2,820 658
Other operating expense 26,862 32,337 86,729 95,521
Noninterest expenses 161,559 163,056 490,624 474,194
Income before taxes 117,620 100,872 343,228 283,380
Income tax provision 28,309 24,405 82,743 68,825
Net income 89,311 76,467 260,485 214,555
Less: Net income (loss) attributable to noncontrolling interest 15 18 (36) (116)
Net income attributable to WSFS $ 89,296 $ 76,449 $ 260,521 $ 214,671
Earnings per share:        
Basic (in dollars per share) $ 1.75 $ 1.37 $ 5.02 $ 3.77
Diluted (in dollars per share) $ 1.75 $ 1.37 $ 5.01 $ 3.75
Weighted average shares of common stock outstanding:        
Basic (in shares) 50,946,352 55,804,955 51,856,693 56,976,693
Diluted (in shares) 51,100,141 55,960,833 52,010,835 57,171,976
Credit/debit card and ATM income        
Noninterest income:        
Noninterest income $ 14,819 $ 18,487 $ 45,505 $ 55,539
Investment management and fiduciary income        
Noninterest income:        
Noninterest income 53,928 41,272 154,515 124,327
Deposit service charges        
Noninterest income:        
Noninterest income 7,251 7,001 21,169 20,556
Mortgage banking activities, net        
Noninterest income:        
Noninterest income 971 2,091 4,655 6,232
Other income        
Noninterest income:        
Noninterest income $ 11,959 $ 14,592 $ 43,522 $ 42,782