XML 95 R85.htm IDEA: XBRL DOCUMENT v3.24.1.u1
SEGMENT INFORMATION - Schedule of Segment Results (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Segment Reporting Information [Line Items]    
Interest income $ 261,622 $ 226,383
Noninterest income 75,857 63,127
Interest expense 86,344 43,851
Noninterest expenses 149,072 133,045
Provision for credit losses 15,138 29,011
Income before taxes 86,925 83,603
Income tax provision 21,202 20,941
Consolidated net income 65,723 62,662
Net (loss) income attributable to noncontrolling interest (38) 258
Net income attributable to WSFS 65,761 62,404
Operating Segments    
Segment Reporting Information [Line Items]    
Revenues, Total 381,271 324,197
Total expenses 294,346 240,594
Income before taxes 86,925 83,603
Income tax provision 21,202 20,941
Consolidated net income 65,723 62,662
Net (loss) income attributable to noncontrolling interest (38) 258
Net income attributable to WSFS 65,761 62,404
Capital expenditures for the period ended 4,233 856
Operating Segments | External Customers    
Segment Reporting Information [Line Items]    
Interest income 261,622 226,383
Noninterest income 75,857 63,127
Revenues, Total 337,479 289,510
Interest expense 86,344 43,851
Noninterest expenses 149,072 133,045
Provision for credit losses 15,138 29,011
Total expenses 250,554 205,907
Inter-Segment Eliminations    
Segment Reporting Information [Line Items]    
Interest income 35,877 27,221
Noninterest income 7,915 7,466
Revenues, Total 43,792 34,687
Interest expense 35,877 27,221
Noninterest expenses 7,915 7,466
Total expenses 43,792 34,687
WSFS Bank | Operating Segments    
Segment Reporting Information [Line Items]    
Revenues, Total 286,192 248,434
Total expenses 226,484 188,841
Income before taxes 59,708 59,593
Capital expenditures for the period ended 4,220 856
WSFS Bank | Operating Segments | External Customers    
Segment Reporting Information [Line Items]    
Interest income 256,133 221,285
Noninterest income 16,220 14,150
Revenues, Total 272,353 235,435
Interest expense 75,079 38,487
Noninterest expenses 106,632 100,949
Provision for credit losses 14,820 27,717
Total expenses 196,531 167,153
WSFS Bank | Inter-Segment Eliminations    
Segment Reporting Information [Line Items]    
Interest income 6,566 6,099
Noninterest income 7,273 6,900
Revenues, Total 13,839 12,999
Interest expense 29,311 21,122
Noninterest expenses 642 566
Total expenses 29,953 21,688
Cash Connect | Operating Segments    
Segment Reporting Information [Line Items]    
Revenues, Total 27,225 19,035
Total expenses 26,473 18,405
Income before taxes 752 630
Capital expenditures for the period ended 0 0
Cash Connect | Operating Segments | External Customers    
Segment Reporting Information [Line Items]    
Interest income 0 0
Noninterest income 26,350 18,179
Revenues, Total 26,350 18,179
Interest expense 0 0
Noninterest expenses 21,935 13,500
Provision for credit losses 0 0
Total expenses 21,935 13,500
Cash Connect | Inter-Segment Eliminations    
Segment Reporting Information [Line Items]    
Interest income 440 395
Noninterest income 435 461
Revenues, Total 875 856
Interest expense 3,129 3,559
Noninterest expenses 1,409 1,346
Total expenses 4,538 4,905
Wealth Management | Operating Segments    
Segment Reporting Information [Line Items]    
Revenues, Total 67,854 56,728
Total expenses 41,389 33,348
Income before taxes 26,465 23,380
Capital expenditures for the period ended 13 0
Wealth Management | Operating Segments | External Customers    
Segment Reporting Information [Line Items]    
Interest income 5,489 5,098
Noninterest income 33,287 30,798
Revenues, Total 38,776 35,896
Interest expense 11,265 5,364
Noninterest expenses 20,505 18,596
Provision for credit losses 318 1,294
Total expenses 32,088 25,254
Wealth Management | Inter-Segment Eliminations    
Segment Reporting Information [Line Items]    
Interest income 28,871 20,727
Noninterest income 207 105
Revenues, Total 29,078 20,832
Interest expense 3,437 2,540
Noninterest expenses 5,864 5,554
Total expenses $ 9,301 $ 8,094