WSFS Financial Corp - WSFS STOCK NEWS

On April 28, 2022, WSFS Associates, along with their families, participated in "Take Your Children to the Community Day," engaging over 60 volunteers in community service across the Greater Philadelphia and Delaware region. Activities included collaboration with local nonprofits like the Delaware Humane Association and UrbanPromise NJ. In addition, WSFS Associates contributed to financial literacy education during Teach Children to Save Week from April 25-29, 2022. As of March 31, 2022, WSFS Financial Corporation reported $21.0 billion in assets.

WSFS Financial Corporation (Nasdaq: WSFS) will participate in the D.A. Davidson 24th Annual Financial Institutions Conference on May 5, 2022, in Colorado Springs, Colorado. The event will feature discussions hosted by Rodger Levenson, CEO, and Dominic C. Canuso, CFO, aimed at engaging with investors. WSFS will also present its current Investor Presentation, accessible prior to the conference on their Investor Relations website. As of March 31, 2022, WSFS reported $21.0 billion in assets and $58.1 billion in assets under management.

WSFS Financial Corporation has appointed Mark Bradford as Senior Vice President and Market Director for Bryn Mawr Trust. Reporting to Jennifer Dempsey Fox, Bradford will manage Wealth Directors across key markets in Pennsylvania, New Jersey, and Delaware. He brings 28 years of financial services experience, previously working at PNC as Wealth Strategy Regional Director. Bradford aims to enhance client experiences and leverage combined resources for tailored solutions. As of March 31, 2022, WSFS reported $21.0 billion in assets and $58.1 billion in assets under management.

WSFS Financial Corporation (Nasdaq: WSFS) will celebrate its 35th anniversary as a public company by visiting the Nasdaq MarketSite on April 25, 2022. CEO Rodger Levenson will ring the Opening Bell in Times Square, marking a significant milestone for the company, which has a history dating back nearly 200 years. As of March 31, 2022, WSFS manages $58.1 billion in assets. The firm operates 122 offices across five states, providing a variety of financial services including banking and wealth management.

WSFS Financial Corporation (Nasdaq: WSFS) reported its financial results for Q1 2022, reflecting the impact of its merger with Bryn Mawr Bank Corporation, effective January 1, 2022. Highlights include:

• Net interest income increased to $138.6 million.
• Net income attributable to WSFS dropped to $3.8 million.
• Provision for credit losses was $19.0 million.
• Core EPS was $0.66, down from $1.39 YoY.
• Total net revenue reached $199.1 million.

The company recorded a quarterly dividend of $0.13 per share and continues to emphasize cost synergies from the merger.

WSFS Bank has launched the WSFS Down Payment Grant Program, offering grants up to $10,000 totaling $3 million over three years for low- and moderate-income borrowers in eligible areas. The program aims to assist individuals in covering down payment and closing costs for primary residence purchases. Eligibility requires total household income at or below 80% of the Area Median Income, with properties located in designated Majority-Minority Census Tracts. Grants can be combined with other assistance programs and require no repayment.

WSFS Financial Corporation (Nasdaq: WSFS) plans to announce its first quarter earnings on April 21, 2022, with a conference call scheduled for 1:00 p.m. EDT on April 22, 2022. The call will be accessible via the company website, with preregistration recommended. A replay of the call will be available from 4:00 p.m. EDT on the same day until May 3, 2022. As of December 31, 2021, WSFS reported $15.8 billion in assets and $34.6 billion in assets under management. It operates 112 offices primarily in Pennsylvania and Delaware, providing various financial services.

WSFS Bank conducted a survey revealing that 72% of Americans feel confident about achieving their financial goals, despite challenges posed by inflation and poor credit. The study, which included 1,500 national respondents, indicates that 49% prioritize building emergency funds. Notably, 39% worry about inflation, and 24% cite poor credit as a barrier to financial products. The survey highlights varying financial goals across demographics, with significant confidence levels among Black and Hispanic respondents. The findings underscore the importance of financial education and access to tailored products amidst economic challenges.

WSFS Bank has appointed Shilpa Kumar as Senior Vice President and Head of Corporate Finance, effective immediately. Reporting to Dominic C. Canuso, she will oversee consolidated business planning, investor relations, and financial aspects of corporate development. Kumar boasts nearly 20 years of experience in banking and financial services, including leadership roles at Citadel Credit Union and JPMorgan Chase. WSFS Financial Corporation, managing $15.8 billion in assets as of December 2021, continues to support its growth with strong leadership.