WSFS Financial Corp - WSFS STOCK NEWS

WSFS Financial Corporation (Nasdaq: WSFS) will participate in the D.A. Davidson Mid-Atlantic/Midwest Bank Conference on November 17, 2020. Key executives, including Chairman Rodger Levenson and CFO Dominic C. Canuso, will engage in one-on-one meetings with analysts and investors. Additionally, WSFS will present its 3Q 2020 Investor Presentation, available on its website. As of September 30, 2020, WSFS reported $13.8 billion in assets and $23.1 billion in assets under management. Founded in 1832, WSFS Bank is a prominent financial services provider in the Delaware and Philadelphia regions.

WSFS Bank recently conducted a survey revealing that 64% of businesses in the Greater Philadelphia region view COVID-19 resurgence as their biggest challenge. Despite this, 54% report being well-positioned for future growth, with minority-owned businesses particularly optimistic (56% expect revenue increases). Operational changes during the pandemic led to lower costs and efficient marketing for 54% of respondents. However, 53% cited employee health as a major concern, and nearly one-third faced layoffs. Overall, business leaders remain confident, with 89% believing they can withstand further challenges.

WSFS Financial Corporation (Nasdaq: WSFS) will take part in the virtual Piper Sandler East Coast Financial Services Conference on November 9, 2020. Key executives, including Chairman and CEO Rodger Levenson and CFO Dominic C. Canuso, will engage in one-on-one meetings with analysts and investors. Additionally, WSFS plans to present its 3Q 2020 Investor Presentation, accessible on their Investor Relations website. As of September 30, 2020, WSFS reported $13.8 billion in assets and $23.1 billion in assets under management.

WSFS Bank is launching its annual Fall/Winter Food Drive, encouraging donations of nonperishable food items to combat food insecurity exacerbated by the pandemic. The drive runs through December 11 in Pennsylvania and New Jersey, and until December 31 in Delaware, with designated collection points at WSFS banking locations. Over 54 million people are estimated to be food insecure in 2020, with Delaware’s rate at 17.8%. WSFS aims to support local organizations and has previously donated nearly 66,000 pounds of food in 2019.

WSFS Bank, a subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), announced the expansion of its Commercial Banking team in the Greater Philadelphia area. This strategic move involves the addition of experienced bankers, including Patrick Fisher, who will lead the team. With over 40 years of combined experience in the banking sector, the new team members aim to enhance WSFS's market presence and support local businesses. As of September 30, 2020, WSFS Financial Corporation reported $13.8 billion in assets and $23.1 billion in assets under management.

WSFS Financial Corporation announced its third-quarter financial results for 2020, reporting net income of $51.1 million and diluted earnings per share (EPS) of $1.01. While net interest income decreased to $113.0 million, core pre-provision net revenue (PPNR) rose to $68.0 million, reflecting solid business performance. Customer deposits increased by 25% year-over-year, totaling $11.1 billion, bolstered by COVID-19 stimulus effects. The Board approved a quarterly dividend of $0.12 per share and the resumption of share repurchases, reflecting confidence in the company's healthy capital position.

WSFS Financial Corporation (Nasdaq: WSFS) plans to announce its third quarter earnings on October 22, 2020, with a conference call scheduled for October 23, 2020, at 1:00 p.m. EDT. As of June 30, 2020, the company reported $13.6 billion in assets and $20.8 billion in assets under management. Founded in 1832, WSFS Bank is the oldest and largest locally managed bank in Delaware and the greater Philadelphia region, operating 115 offices across several states, offering a wide range of financial services.

WSFS Bank has pledged $35,500 to provide laptops, tablets, and internet devices for students from low-to-moderate income families, addressing the technology gap exacerbated by the pandemic. The funds will assist organizations including United Way of Delaware and KIPP School in Camden, NJ. This initiative aligns with WSFS's commitment to support education and the community, following previous donations totaling $500,000 for COVID-19 relief. The Community Foundation aims to enhance public education and economic growth in underserved areas.

WSFS Financial Corporation (NASDAQ: WSFS) will participate in the virtual Stephens Bank Forum on September 23-24, 2020. Key executives, including Chairman Rodger Levenson and CFO Dominic C. Canuso, will engage in one-on-one meetings with analysts and investors. The company will also present its 2Q 2020 Investor Presentation, available on their website. As of June 30, 2020, WSFS reported $13.6 billion in assets and $20.8 billion in assets under management, operating 115 offices across multiple states.