EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2025

Earnings Per Share [Abstract]

EARNINGS PER SHARE

4. EARNINGS PER SHARE

The following table shows the computation of basic and diluted earnings per share:

	Three Months Ended June 30,				Six Months Ended June 30,
(Dollars and shares in thousands, except per share data)	2025		2024		2025		2024
Numerator:
Net income attributable to WSFS	$	72,326	$	69,273	$	138,222	$	135,034
Denominator:
Weighted average basic shares	56,702		59,833		57,572		60,093
Dilutive potential common shares	150		126		194		144
Weighted average fully diluted shares	56,852		59,959		$	57,766	$	60,237
Earnings per share:
Basic	$	1.28	$	1.16	$	2.40	$	2.25
Diluted	$	1.27	$	1.16	$	2.39	$	2.24
Outstanding common stock equivalents having no dilutive effect	—		3		1		2

Basic earnings per share is calculated by dividing Net income attributable to WSFS by the weighted-average basic shares outstanding. Diluted earnings per share is calculated by dividing Net income attributable to WSFS by the weighted-average fully diluted shares outstanding, using the treasury stock method. Fully diluted shares include the adjustment for the dilutive effect of common stock awards, which include outstanding stock options and unvested restricted stock units and performance stock units under the 2018 Incentive Plan.