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WSFS Financial Corp - WSFS STOCK NEWS

Welcome to our dedicated page for WSFS Financial news (Ticker: WSFS), a resource for investors and traders seeking the latest updates and insights on WSFS Financial stock.

WSFS Financial Corp is a savings and loan holding company with a rich history dating back to 1832. Headquartered in Wilmington, Delaware, WSFS Financial Corp operates through three primary segments: WSFS Bank, Cash Connect, and Wealth Management.

WSFS Bank is the core segment, providing a comprehensive range of banking services including loans, leases, and other financial products tailored for both commercial and consumer customers. With 43 branches spread across Delaware and Southeastern Pennsylvania, WSFS Bank stands as a community-oriented institution focused on innovation and customer satisfaction.

Cash Connect, another vital segment, offers ATM vault cash, smart safe, and other cash logistics services. It plays a significant role in supporting the cash management needs of businesses and financial institutions, ensuring secure and efficient cash handling.

The Wealth Management division provides an extensive array of services that include planning, advisory services, investment management, and personal and institutional trust services. This segment caters to individuals, corporations, and institutional clients, helping them achieve their financial goals with a range of credit and deposit products.

Known for its commitment to service, WSFS Financial Corp's mission is encapsulated in its motto, “We Stand for Service®”. This mission has been a guiding principle since the company's inception. WSFS is also recognized as one of the top workplaces, reflecting its positive work environment and strong community ties.

In terms of financial performance, WSFS Financial Corp primarily generates revenue from its banking segment. The company is dedicated to evolving its services to meet the changing needs of its customers through the adoption of innovative technologies.

News

WSFS Names 10 Associates to Senior Leadership Positions

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WSFS Bank, a subsidiary of WSFS Financial Corporation, appoints 10 Associates to Senior Vice President positions. The individuals are recognized for their professional growth and dedication to service.
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Bryn Mawr Trust Announces Donald Lyons, CFP®, NSSA® and Angela S. Wagner, J.D., CEPA® as Senior Vice Presidents, Wealth Directors

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WSFS Financial Corporation appoints Donald Lyons and Angela Wagner as Senior Vice Presidents, Wealth Directors in Berwyn, Pa. to lead the team of advisors, emphasizing on client experience and business growth.
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Women Are Feeling Financially Prepared For Retirement Thanks To Hands-On Planning, According To A New Study From Bryn Mawr Trust

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A recent study by Bryn Mawr Trust, a WSFS Company, reveals that 87% of women feel financially well-prepared for retirement, attributing it to their active involvement in financial planning and support from financial advisors. The study surveyed 826 women aged 40+ with a household income of $175K+ or investable assets of $1M, highlighting women's increasing roles in financial and retirement planning.
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WSFS Management to Hold Meetings with Investors at the 2024 KBW Winter Financial Services Conference

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WSFS Financial Corporation (Nasdaq: WSFS) will participate in the 2024 KBW Winter Financial Services Conference on February 15, 2024, in Boca Raton, Florida. Rodger Levenson, WSFS’ Chairman, President and CEO, and Arthur J. Bacci, Executive VP, will host discussions with investors. WSFS will present its current Investor Presentation available on the Investor Relations section of WSFS’ website.
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WSFS CARES Foundation Provided $2.7 Million in Charitable Grants and Contributions in 2023

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WSFS Bank's charitable arm, the WSFS CARES Foundation, provided over $2.7 million in grants and donations to 390 community organizations in Delaware, New Jersey, and Pennsylvania in 2023. Additionally, WSFS made a $2.0 million contribution to the foundation to support future investments in its communities. Team WSFS volunteered over 18,000 hours in 2023, with a focus on key pillars such as community investments, affordable housing, revitalization, business economic empowerment, education, and strengthening those in need. The foundation's impact was felt by organizations like Philadelphia Academies, Inc., Cathedral Kitchen, and Sunday Breakfast Mission, among others.
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WSFS Reports 4Q 2023 EPS of $1.05 and ROA of 1.25%; Reflects Strong Deposit and Fee Revenue Growth, NIM of 3.99%; Full Year EPS of $4.40 and ROA of 1.33%

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WSFS Financial Corporation (Nasdaq: WSFS) announced its financial results for the fourth quarter of 2023. Net interest income decreased to $178.1 million, while fee revenue increased to $87.2 million. Total net revenue was $265.3 million, with a net income of $63.9 million. Core EPS was $1.15 and core ROA was 1.36%. Customer deposits increased by $525.1 million, and total customer deposits were $16.422 billion. Total net credit costs were $25.4 million, and the ACL coverage ratio was 1.35%. WSFS repurchased 241,000 shares of common stock, totaling $9.5 million.
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WSFS Announces Nara Lilly as Senior Vice President, Privacy Officer

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WSFS Bank, a subsidiary of WSFS Financial Corporation, has hired Nara Lilly as Senior Vice President, Privacy Officer. In her role, Lilly will promote a culture of confidentiality and ethical data use, maintain expertise in privacy laws, identify trends in data privacy, advise on privacy risks, and develop a compliance infrastructure to safeguard stakeholders. She brings nearly 20 years of experience, having worked at NIST and implemented privacy technologies at an enterprise level. Prior to joining WSFS, Lilly worked at RD Station and Méliuz S/A, leading data privacy compliance initiatives and risk evaluations. She holds a law degree, completed post-graduate studies in Data Science and Big Data Analytics, and is pursuing post-graduate studies in Information Security. She is ISO certified as a lead implementer for privacy and compliance management systems.
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WSFS Financial Corporation Announces Fourth Quarter and Full-Year 2023 Earnings Release Date and Conference Call

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WSFS Financial Corporation (Nasdaq: WSFS) will announce its Q4 and full-year earnings on January 25, 2024, with a conference call scheduled for January 26, 2024, at 1:00 p.m. ET. Interested parties can register in advance or access the call live at investors.wsfsbank.com. Earnings release and supplemental materials will be available on the company's website.
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WSFS Celebrates Grand Opening of 1818 WSFS Bank Place Banking Office and Wiss Fiss Lounge

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WSFS Financial Corporation (Nasdaq: WSFS) celebrates the Grand Opening of its banking office and Wiss Fiss Lounge in Philadelphia, marking another chapter in the Bank’s commitment to the city. The new office, located at WSFS’ Philadelphia headquarters at 1818 WSFS Bank Place on Market Street, includes meeting spaces, a full-service ATM, and a modern banking environment. The Wiss Fiss Lounge will provide a space for building tenants, visitors, and the community to meet and host special events, with access to quick-serve food and beverage options. In addition, the WSFS CARES Foundation provided its first grant of 2024 to Gift of Life Howie’s House, supporting transplant patients and their families by providing temporary lodging and supportive services in Philadelphia. The celebration also featured a performance by a Mummers string band and an appearance by Phang, the Philadelphia Union’s mascot.
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WSFS Announces Lisa Brubaker as Executive Vice President, Chief Human Resources Officer

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WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), announced Lisa Brubaker as the new Executive Vice President, Chief Human Resources Officer (CHRO). Brubaker will lead all HR functions, including Talent Acquisition, Total Rewards, Operations, Learning & Development, Associate Engagement, and Diversity, Equity & Inclusion. With over 30 years of experience at WSFS, Brubaker's proven leadership and deep knowledge of the company make her the ideal leader for this role.
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FAQ

What is the current stock price of WSFS Financial (WSFS)?

The current stock price of WSFS Financial (WSFS) is $60.48 as of November 22, 2024.

What is the market cap of WSFS Financial (WSFS)?

The market cap of WSFS Financial (WSFS) is approximately 3.5B.

What does WSFS Financial Corp do?

WSFS Financial Corp provides a range of financial services including loans, leases, ATM cash management, and wealth management.

Where is WSFS Financial Corp headquartered?

WSFS Financial Corp is headquartered in Wilmington, Delaware.

What is WSFS Financial Corp’s mission?

WSFS Financial Corp’s mission is encapsulated in its motto, 'We Stand for Service®'.

How many branches does WSFS Bank have?

WSFS Bank has 43 branches across Delaware and Southeastern Pennsylvania.

What services does WSFS Bank offer?

WSFS Bank offers loans, leases, and other financial products for commercial and consumer customers.

What is Cash Connect?

Cash Connect is a segment of WSFS Financial Corp that provides ATM vault cash, smart safe, and other cash logistics services.

What does the Wealth Management segment of WSFS do?

The Wealth Management segment offers planning, advisory services, investment management, and trust services for individuals, corporate, and institutional clients.

What recognition has WSFS Financial Corp received?

WSFS Financial Corp has been listed as one of the top workplaces by The News Journal for nine consecutive years.

How does WSFS Financial Corp generate its revenue?

WSFS Financial Corp primarily generates revenue through its WSFS Bank segment.

What is the history of WSFS Financial Corp?

WSFS Financial Corp was founded in 1832 and has grown from a small operation to a leading community bank with innovative services.

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WSFS Financial Corp

Nasdaq:WSFS

WSFS Rankings

#1568 Ranked by Market Cap
#1800 Ranked by Dividends

WSFS Stock Data

3.54B
58.25M
1.07%
91.61%
1.64%
Banks - Regional
National Commercial Banks
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United States of America
WILMINGTON