XML 95 R85.htm IDEA: XBRL DOCUMENT v3.24.2.u1
SEGMENT INFORMATION - Schedule of Segment Results (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Segment Reporting Information [Line Items]        
Interest income $ 265,237 $ 241,769 $ 526,859 $ 468,152
Noninterest income 91,598 66,871 167,455 129,998
Interest expense 90,788 59,927 177,132 103,778
Noninterest expenses 155,768 141,253 304,840 274,298
Provision for credit losses 19,814 15,830 34,952 44,841
Income before taxes 90,465 91,630 177,390 175,233
Income tax provision 21,257 23,035 42,459 43,976
Consolidated net income 69,208 68,595 134,931 131,257
Net (loss) income attributable to noncontrolling interest (65) (83) (103) 175
Net income attributable to WSFS 69,273 68,678 135,034 131,082
Operating Segments        
Segment Reporting Information [Line Items]        
Revenues, Total 401,751 348,486 783,022 672,683
Total expenses 311,286 256,856 605,632 497,450
Income before taxes 90,465 91,630 177,390 175,233
Income tax provision 21,257 23,035 42,459 43,976
Consolidated net income 69,208 68,595 134,931 131,257
Net (loss) income attributable to noncontrolling interest (65) (83) (103) 175
Net income attributable to WSFS 69,273 68,678 135,034 131,082
Capital expenditures for the period ended 2,724 956 6,957 1,812
Operating Segments | External Customers        
Segment Reporting Information [Line Items]        
Interest income 265,237 241,769 526,859 468,152
Noninterest income 91,598 66,871 167,455 129,998
Revenues, Total 356,835 308,640 694,314 598,150
Interest expense 90,788 59,927 177,132 103,778
Noninterest expenses 155,768 141,253 304,840 274,298
Provision for credit losses 19,814 15,830 34,952 44,841
Total expenses 266,370 217,010 516,924 422,917
Inter-Segment Eliminations        
Segment Reporting Information [Line Items]        
Interest income 35,686 31,996 71,563 59,217
Noninterest income 9,230 7,850 17,145 15,316
Revenues, Total 44,916 39,846 88,708 74,533
Interest expense 35,686 31,996 71,563 59,217
Noninterest expenses 9,230 7,850 17,145 15,316
Total expenses 44,916 39,846 88,708 74,533
WSFS Bank | Operating Segments        
Segment Reporting Information [Line Items]        
Revenues, Total 298,494 264,480 584,686 512,914
Total expenses 238,567 204,297 465,051 393,138
Income before taxes 59,927 60,183 119,635 119,776
Capital expenditures for the period ended 2,173 956 6,393 1,812
WSFS Bank | Operating Segments | External Customers        
Segment Reporting Information [Line Items]        
Interest income 259,387 236,405 515,520 457,690
Noninterest income 22,640 14,089 38,860 28,239
Revenues, Total 282,027 250,494 554,380 485,929
Interest expense 79,681 53,962 154,760 92,449
Noninterest expenses 110,637 108,147 217,269 209,096
Provision for credit losses 19,800 16,328 34,620 44,045
Total expenses 210,118 178,437 406,649 345,590
WSFS Bank | Inter-Segment Eliminations        
Segment Reporting Information [Line Items]        
Interest income 7,979 6,725 14,545 12,824
Noninterest income 8,488 7,261 15,761 14,161
Revenues, Total 16,467 13,986 30,306 26,985
Interest expense 27,707 25,271 57,018 46,393
Noninterest expenses 742 589 1,384 1,155
Total expenses 28,449 25,860 58,402 47,548
Cash Connect | Operating Segments        
Segment Reporting Information [Line Items]        
Revenues, Total 31,864 20,810 59,089 39,845
Total expenses 29,886 19,873 56,359 38,278
Income before taxes 1,978 937 2,730 1,567
Capital expenditures for the period ended 123 0 123 0
Cash Connect | Operating Segments | External Customers        
Segment Reporting Information [Line Items]        
Interest income 0 0 0 0
Noninterest income 31,000 19,992 57,350 38,171
Revenues, Total 31,000 19,992 57,350 38,171
Interest expense 0 0 0 0
Noninterest expenses 23,942 14,538 45,877 28,038
Provision for credit losses 0 0 0 0
Total expenses 23,942 14,538 45,877 28,038
Cash Connect | Inter-Segment Eliminations        
Segment Reporting Information [Line Items]        
Interest income 386 323 826 718
Noninterest income 478 495 913 956
Revenues, Total 864 818 1,739 1,674
Interest expense 4,294 3,851 7,423 7,410
Noninterest expenses 1,650 1,484 3,059 2,830
Total expenses 5,944 5,335 10,482 10,240
Wealth Management | Operating Segments        
Segment Reporting Information [Line Items]        
Revenues, Total 71,393 63,196 139,247 119,924
Total expenses 42,833 32,686 84,222 66,034
Income before taxes 28,560 30,510 55,025 53,890
Capital expenditures for the period ended 428 0 441 0
Wealth Management | Operating Segments | External Customers        
Segment Reporting Information [Line Items]        
Interest income 5,850 5,364 11,339 10,462
Noninterest income 37,958 32,790 71,245 63,588
Revenues, Total 43,808 38,154 82,584 74,050
Interest expense 11,107 5,965 22,372 11,329
Noninterest expenses 21,189 18,568 41,694 37,164
Provision for credit losses 14 (498) 332 796
Total expenses 32,310 24,035 64,398 49,289
Wealth Management | Inter-Segment Eliminations        
Segment Reporting Information [Line Items]        
Interest income 27,321 24,948 56,192 45,675
Noninterest income 264 94 471 199
Revenues, Total 27,585 25,042 56,663 45,874
Interest expense 3,685 2,874 7,122 5,414
Noninterest expenses 6,838 5,777 12,702 11,331
Total expenses $ 10,523 $ 8,651 $ 19,824 $ 16,745