SEGMENT INFORMATION (Tables)

9 Months Ended

Sep. 30, 2025

The following table shows segment results for the three months ended September 30, 2025 and 2024, 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 September 30, 2025								Three Months Ended September 30, 2024
(Dollars in thousands)	WSFS Bank		Cash Connect®		Wealth and Trust		Total		WSFS Bank		Cash Connect®		Wealth and Trust		Total
Statements of Income
External client revenues:
Interest income	$	251,766	$	—	$	6,655	$	258,421	$	267,430	$	—	$	5,954	$	273,384
Interest expense	66,248		—		8,150		74,398		86,768		—		9,112		95,880
Net interest income	185,518		—		(1,495)		184,023		180,662		—		(3,158)		177,504
Noninterest income	19,353		25,275		41,843		86,471		21,338		31,805		37,015		90,158
Total external client revenues	204,871		25,275		40,348		270,494		202,000		31,805		33,857		267,662
Inter-segment revenues:
Interest income	8,210		498		29,540		38,248		8,587		293		28,414		37,294
Interest expense	30,038		4,179		4,031		38,248		28,707		4,885		3,702		37,294
Net interest income	(21,828)		(3,681)		25,509		—		(20,120)		(4,592)		24,712		—
Noninterest income	9,426		449		458		10,333		8,901		468		227		9,596
Total inter-segment revenues	(12,402)		(3,232)		25,967		10,333		(11,219)		(4,124)		24,939		9,596
Total revenue	192,469		22,043		66,315		280,827		190,781		27,681		58,796		277,258
External client expenses:
Provision for (release of) credit losses	6,563		59		(56)		6,566		18,426		—		(4)		18,422

Noninterest expenses:
Salaries, benefits and other compensation	72,799		2,486		16,376		91,661		69,029		2,642		14,453		86,124
Occupancy expense	8,324		—		174		8,498		9,281		3		286		9,595
Equipment expense	10,333		—		2,600		12,933		9,146		—		2,488		12,076
Professional fees	3,100		—		1,842		4,942		2,872		—		817		3,819
Other segment items(1)	26,319		15,418		3,285		45,022		27,891		21,836		2,979		52,109
Total external client expenses	127,438		17,963		24,221		169,622		136,645		24,481		21,019		182,145
Inter-segment expenses:
Noninterest expenses	907		1,734		7,692		10,333		695		1,571		7,330		9,596
Total inter-segment expenses	907		1,734		7,692		10,333		695		1,571		7,330		9,596
Total expenses	128,345		19,697		31,913		179,955		137,340		26,052		28,349		191,741
Income before taxes	$	64,124	$	2,346	$	34,402	$	100,872	$	53,441	$	1,629	$	30,447	$	85,517
Income tax provision							24,405								21,108
Consolidated net income							76,467								64,409
Net income (loss) attributable to noncontrolling interest							18								(26)
Net income attributable to WSFS							$	76,449							$	64,435
Supplemental Information
Capital expenditures for the period ended	$	1,061	$	88	$	83	$	1,232	$	2,896	$	124	$	618	$	3,638

(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


	Nine Months Ended September 30, 2025							Nine Months Ended September 30, 2024
(Dollars in thousands)	WSFS Bank		Cash Connect®		Wealth Management		Total	WSFS Bank		Cash Connect®		Wealth Management		Total
Statements of Income
External client revenues:
Interest income	743,534		—		18,955		762,489	782,950		—		17,293		800,243
Interest expense	200,323		—		23,432		223,755	241,528		—		31,484		273,012
Net interest income	543,211		—		(4,477)		538,734	541,422		—		(14,191)		527,231
Noninterest income	55,523		74,111		125,743		255,377	60,198		89,155		108,260		257,613
Total external client revenues	598,734		74,111		121,266		794,111	601,620		89,155		94,069		784,844
Inter-segment revenues:
Interest income	23,694		1,384		83,289		108,367	23,132		1,119		84,606		108,857
Interest expense	84,673		12,153		11,541		108,367	85,725		12,308		10,824		108,857
Net interest income	(60,979)		(10,769)		71,748		—	(62,593)		(11,189)		73,782		—
Noninterest income	26,753		1,299		976		29,028	24,662		1,381		698		26,741
Total inter-segment revenues	(34,226)		(9,470)		72,724		29,028	(37,931)		(9,808)		74,480		26,741
Total revenue	564,508		64,641		193,990		823,139	563,689		79,347		168,549		811,585
External client expenses:
Provision for credit losses	31,246		59		5,232		36,537	53,046		—		328		53,374

Noninterest expenses:
Salaries, benefits and other compensation	206,872		7,694		48,717		263,283	194,945		7,867		42,367		245,179
Occupancy expense	26,350		—		870		27,220	27,635		28		798		28,461
Equipment expense	31,669		—		7,770		39,439	27,242		—		6,260		34,822
Professional fees	9,741		—		6,110		15,851	8,520		—		4,219		13,081
Other segment items(1)	74,661		44,931		8,809		128,401	77,146		62,463		9,073		147,020
Total external client expenses	380,539		52,684		77,508		510,731	388,534		70,358		63,045		521,937
Inter-segment expenses:
Noninterest expenses	2,275		4,764		21,989		29,028	2,079		4,630		20,032		26,741
Total inter-segment expenses	2,275		4,764		21,989		29,028	2,079		4,630		20,032		26,741
Total expenses	382,814		57,448		99,497		539,759	390,613		74,988		83,077		548,678
Income before taxes	$	181,694	$	7,193	$	94,493	283,380	$	173,076	$	4,359	$	85,472	262,907
Income tax provision							68,825							63,567
Consolidated net income							214,555							199,340
Net loss attributable to noncontrolling interest							(116)							(129)
Net income attributable to WSFS							214,671							199,469
Supplemental Information
Capital expenditures for the period ended	4,856		197		586		5,639	9,289		247		1,059		10,595

The following table shows significant components of segment net assets as of September 30, 2025 and December 31, 2024:


	September 30, 2025								December 31, 2024
(Dollars in thousands)	WSFS Bank		Cash Connect®		Wealth and Trust		Total		WSFS Bank		Cash Connect®		Wealth and Trust		Total
Statements of Financial Condition
Cash and cash equivalents	$	1,170,666	$	361,274	$	41,160	$	1,573,100	$	686,735	$	424,907	$	43,176	$	1,154,818
Goodwill	753,586		—		131,638		885,224		753,586		—		132,312		885,898
Other segment assets	17,882,223		8,313		491,555		18,382,091		18,292,205		12,536		468,846		18,773,587
Total segment assets	$	19,806,475	$	369,587	$	664,353	$	20,840,415	$	19,732,526	$	437,443	$	644,334	$	20,814,303