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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Interest income:        
Interest and fees on loans and leases $ 218,250 $ 235,977 $ 651,007 $ 691,495
Interest on mortgage-backed securities 24,202 25,348 73,478 77,029
Interest and dividends on investment securities:        
Taxable 699 699 2,098 2,098
Tax-exempt 1,481 1,485 4,454 4,453
Other interest income 13,789 9,875 31,452 25,168
Total interest income 258,421 273,384 762,489 800,243
Interest expense:        
Interest on deposits 71,185 80,647 212,413 230,135
Interest on Federal Home Loan Bank advances 586 1,472 2,473 2,139
Interest on senior and subordinated debt 1,089 2,446 4,252 7,336
Interest on federal funds purchased 2 31 2 72
Interest on trust preferred borrowings 1,524 1,749 4,565 5,255
Interest on other borrowings 12 9,535 50 28,075
Total interest expense 74,398 95,880 223,755 273,012
Net interest income 184,023 177,504 538,734 527,231
Provision for credit losses 6,566 18,422 36,537 53,374
Net interest income after provision for credit losses 177,457 159,082 502,197 473,857
Noninterest income:        
Loan and lease fee income 2,089 1,513 4,984 4,742
Realized gain on sale of equity investments, net 939 56 957 2,186
Total non interest income 86,471 90,158 255,377 257,613
Noninterest expense:        
Salaries, benefits and other compensation 91,661 86,124 263,283 245,179
Occupancy expense 8,498 9,595 27,220 28,461
Equipment expense 12,933 12,076 39,439 34,822
Data processing and operations expenses 5,045 4,985 14,750 13,452
Professional fees 4,942 3,819 15,851 13,081
Marketing expense 2,178 2,053 5,798 5,855
Loss on debt extinguishment 352 0 352 0
FDIC expenses 2,739 2,882 7,750 9,254
Loan workout and other credit costs 1,802 1,684 3,671 1,477
Corporate development expense 171 46 (99) 412
Restructuring expense 398 0 658 0
Other operating expense 32,337 40,459 95,521 116,570
Noninterest expenses 163,056 163,723 474,194 468,563
Income before taxes 100,872 85,517 283,380 262,907
Income tax provision 24,405 21,108 68,825 63,567
Net income 76,467 64,409 214,555 199,340
Less: Net income (loss) attributable to noncontrolling interest 18 (26) (116) (129)
Net income attributable to WSFS $ 76,449 $ 64,435 $ 214,671 $ 199,469
Earnings per share:        
Basic (in dollars per share) $ 1.37 $ 1.09 $ 3.77 $ 3.34
Diluted (in dollars per share) $ 1.37 $ 1.08 $ 3.75 $ 3.33
Weighted average shares of common stock outstanding:        
Basic (in shares) 55,804,955 59,185,848 56,976,693 59,788,212
Diluted (in shares) 55,960,833 59,393,651 57,171,976 59,956,324
Credit/debit card and ATM income        
Noninterest income:        
Noninterest income $ 18,487 $ 24,621 $ 55,539 $ 68,165
Investment management and fiduciary income        
Noninterest income:        
Noninterest income 41,272 36,648 124,327 107,182
Deposit service charges        
Noninterest income:        
Noninterest income 7,001 6,837 20,556 19,820
Mortgage banking activities, net        
Noninterest income:        
Noninterest income 2,091 2,067 6,232 5,931
Other income        
Noninterest income:        
Noninterest income $ 14,592 $ 18,416 $ 42,782 $ 49,587