WSFS Financial Corp

Common Name

WSFS Financial

Country

United States

Sector

Financial Services

Industry

Banks - Regional

Employees

2,375

Ticker

WSFS

Exchange

NASDAQ/NGS

Website

investors.wsfsbank.com

Description

WSFS Financial Corporation operates as a savings and loan holding company headquartered in Wilmington, Delaware. Its primary function is to provide diverse financial services to both retail and commer... Show more

Financial Statements of WSFS Financial

Below are the financial statements of WSFS Financial, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.

Income Statement (as reported) Balance Sheet (as reported)

All figures in millions of USD	2024	2023	2022
Interest income	—	—	—
Interest and fees on loans and leases	918.38^a	845.27^a	582.75^a
Interest on mortgage-backed securities	102.02^a	107.56^a	106.61^a
Interest and dividends on investment securities	—	—	—
Taxable	2.8^a	2.8^a	2.81^a
Tax-exempt	5.94^a	5.98^a	4.09^a
Other interest income	34.44^a	14.91^a	7.56^a
Interest expense	—	—	—
Interest on deposits	-308.68^a	-209.82^a	-28.18^a
Interest on Federal Home Loan Bank advances	-2.97^a	-5.35^a	-0.54^a
Interest on senior and subordinated debt	-9.69^a	-9.82^a	-8.25^a
Interest on trust preferred borrowings	-6.91^a	-6.74^a	-3.48^a
Interest on federal funds purchased	-0.34^a	-1.67^a	-0.44^a
Interest on other borrowings	-29.56^a	-18.03^a	-0.04^a
Net interest income	705.44^a	725.1^a	662.89^a
Provision for credit losses	-61.41^a	-88.07^a	-48.09^a
Net interest income after provision for (recovery of) credit losses	644.03^a	637.03^a	614.8^a
Noninterest income	—	—	—
Credit/debit card and ATM income	88.71^a	59.72^a	40.09^a
Investment management and fiduciary revenue	146.95^a	131.05^a	121.61^a
Deposit service charges	26.66^a	25.39^a	24.48^a
Mortgage banking activities, net	7.57^a	4.8^a	7.27^a
Loan and lease fee income	6.68^a	5.72^a	6.28^a
Unrealized gains on equity investments, net	0^a	0.33^a	5.98^a
Realized gain on sale of equity investment, net	2.31^a	9.49^a	0^a
Bank owned life insurance income	4.72^a	4.64^a	1.8^a
Other income	57.32^a	48.73^a	52.62^a
Noninterest expense	—	—	—
Salaries, benefits and other compensation	-332.68^a	-289.19^a	-283.91^a
Occupancy expense	-37.58^a	-42.18^a	-40.89^a
Equipment expense	-47.74^a	-42.24^a	-40.99^a
Professional fees	-20.16^a	-21.2^a	-18.5^a
Data processing and operations expenses	-18.28^a	-19.05^a	-20.88^a
Marketing expense	-7.82^a	-7.91^a	-7.23^a
FDIC expenses	-12.17^a	-15.89^a	-6.1^a
Loan workout and other credit costs	-2.12^a	-0.85^a	-0.7^a
Corporate development expense	-0.47^a	-3.93^a	-42.75^a
Restructuring expense	-2.19^a	-0.23^a	-22.47^a
Other operating expense	-156.46^a	-119.41^a	-89.92^a
Income before taxes	347.26^a	365.27^a	300.61^a
Income tax provision	-83.76^a	-96.25^a	-77.96^a
Net income	263.5^a	269.03^a	222.65^a
Less: net (loss) income attributable to noncontrolling interest	-0.18^a	-0.13^a	0.27^a
Net income attributable to WSFS	263.67^a	269.16^a	222.38^a

Verified Sources Behind WSFS Financial’s Financial Fundamentals Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore WSFS Financial’s data sources below and access millions more through our Disclosure Search.

a. WSFS Financial's 10-K 2024

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WSFS Financial Corp

Financial Statements of WSFS Financial

Verified Sources Behind WSFS Financial’s Financial Fundamentals Data

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