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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Assets:    
Cash and due from banks $ 722,722 $ 629,310
Cash in non-owned ATMs 430,320 458,889
Interest-bearing deposits in other banks including collateral (restricted cash) of $1,701 at December 31, 2024 and $4,270 at December 31, 2023 1,776 4,701
Total cash, cash equivalents, and restricted cash 1,154,818 1,092,900
Investment securities, available for sale (amortized cost of $4,218,266 at December 31, 2024 and $4,504,342 at December 31, 2023) 3,510,648 3,846,537
Investment securities, held to maturity, net of allowance for credit losses of $7 at December 31, 2024 and $8 at December 31, 2023 (fair value $895,511 at December 31, 2024 and $985,931 at December 31, 2023) 1,015,161 1,058,557
Other investments 18,184 17,434
Loans held for sale at fair value 49,699 29,268
Loans and leases, net of allowance of $195,281 at December 31, 2024 and $186,126 at December 31, 2023 12,996,218 12,583,202
Bank-owned life insurance 36,565 42,762
Stock in Federal Home Loan Bank of Pittsburgh, at cost 11,805 15,398
Other real estate owned 5,204 1,569
Accrued interest receivable 84,671 85,979
Premises and equipment 86,028 104,484
Goodwill and intangible assets 988,160 1,004,560
Other assets 857,142 712,022
Total assets 20,814,303 20,594,672
Deposits:    
Noninterest-bearing 4,987,753 4,917,297
Interest-bearing demand 12,042,055 11,556,789
Total deposits 17,029,808 16,474,086
Federal Home Loan Bank advances 51,040 0
Trust preferred borrowings 90,834 90,638
Senior and subordinated debt 218,631 218,400
Other borrowed funds 23,102 586,038
Accrued interest payable 38,173 46,684
Other liabilities 783,339 709,011
Total liabilities 18,234,927 18,124,857
Stockholders’ Equity:    
Common stock 0.01 par value, shares authorized of 90,000,000; shares issued of 76,264,211 at December 31, 2024 and 76,095,094 at December 31, 2023 763 761
Capital in excess of par value 1,996,191 1,984,746
Accumulated other comprehensive loss (624,877) (593,991)
Retained earnings 1,871,523 1,643,657
Treasury stock at cost, 17,607,002 shares at December 31, 2024 and 15,557,263 shares at December 31, 2023 (653,848) (557,537)
Total stockholders’ equity of WSFS 2,589,752 2,477,636
Noncontrolling interest (10,376) (7,821)
Total stockholders’ equity 2,579,376 2,469,815
Total liabilities and stockholders’ equity $ 20,814,303 $ 20,594,672