WSFS · WSFS Financial Corporation

WSFS Financial Corporation reported strong first quarter 2026 results, with GAAP diluted EPS of $1.64, up 46.4% year-over-year, and net income of $86.8 million, up 31.7%. Core EPS, which excludes certain items, was $1.68, up 48.7% year-over-year. Excluding a previously disclosed $15.7 million loan recovery, core EPS was $1.45. The results were driven by robust deposit growth, solid C&I loan fundings, and strong performance in the Wealth and Trust segment, which delivered double-digit year-over-year fee revenue growth. Net interest income was $185.1 million, down slightly from the prior quarter but up 5.7% year-over-year, as lower deposit costs and higher average loan balances offset lower loan yields. Net interest margin was 3.83%, flat quarter-over-quarter. Fee revenue of $90.1 million increased 11.4% year-over-year, led by Wealth and Trust fees which grew 25%. Asset quality improved, with problem assets decreasing $32 million quarter-over-quarter and net recoveries of $3.5 million. The Board approved an 18% increase in the quarterly cash dividend to $0.20 per share and authorized an additional share repurchase of 15% of outstanding shares. Management expressed confidence in building on this momentum through ongoing franchise investments and market share growth.