Form 8-K - Current report

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

January 27, 2025

Date of Report

(Date of Earliest Event Reported)

WSFS Financial Corporation

(Exact Name of Registrant as Specified in its Charter)

Delaware

001-35638

22-2866913

(State or Other Jurisdiction
of incorporation)

(SEC Commission
File Number)

(IRS Employer
Identification Number)

500 Delaware Ave,

Wilmington, Delaware, 19801

(Address of Principal Executive Offices) (Zip Code)

Registrant’s Telephone Number, including Area Code: (302) 792-6000

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:


☐			Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Securities registered pursuant to Section 12(b) of the Act:
Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, par value $0.01 per share	WSFS	Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 40.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operation and Financial Condition

On January 27, 2025, WSFS Financial Corporation (the “Registrant”) issued a press release to report earnings for the quarter ended December 31, 2024. A copy of the press release is furnished with this Form 8-K as Exhibit 99.1.

This information (including Exhibit 99.1) is being furnished under Item 2.02 hereof and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, and such information shall not be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Item 7.01 Regulation FD Disclosures

The attached presentation contains information that the members of the Registrant's management will use during visits with investors, analysts, and other interested parties to assist their understanding of the Registrant from time to time throughout the first quarter of 2025. Other presentations and related materials will be made available as they are presented during the year. A copy of the earnings release supplement is furnished with this Form 8-K as Exhibit 99.2.

This information (including Exhibit 99.2) is being furnished under Item 7.01 hereof and shall not be deemed “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, and such information shall not be deemed incorporated by reference into any filing under the Securities Act, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Item 9.01 Financial Statements and Other Exhibits

(d) Exhibits.

99.1 Press Release, dated January 27, 2025

99.2 4Q 2024 Earnings Release Supplement, dated January 27, 2025

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned, hereunto duly authorized.

WSFS FINANCIAL CORPORATION

Date:

January 27, 2025

By:

/s/ David Burg

David Burg
Executive Vice President, Chief Financial Officer

WSFS Bank Center

WSFS Bank Place

500 Delaware Avenue

1818 Market Street

Wilmington, DE 19801

Philadelphia, PA 19103


						EXHIBIT 99.1
FOR IMMEDIATE RELEASE						Investor Relations Contact: Andrew Basile
						(302) 504-9857; abasile@wsfsbank.com
January 27, 2025						Media Contact: Connor Peoples
						(215) 864-5645; cpeoples@wsfsbank.com

WSFS REPORTS 4Q 2024 EPS OF $1.09, ROA OF 1.21%, NIM OF 3.80%;

STRONG DEPOSIT GROWTH AND RECORD WEALTH AND TRUST REVENUE

FULL-YEAR EPS OF $4.41 AND ROA OF 1.27%

Wilmington, DE — WSFS Financial Corporation (Nasdaq: WSFS), the parent company of WSFS Bank, today announced its financial results for the full year and fourth quarter of 2024.

Selected financial results and metrics are as follows:


(Dollars in millions, except per share data)	4Q 2024			3Q 2024			4Q 2023			2024			2023
Net interest income	$	178.2		$	177.5		$	178.1		$	705.4		$	725.1
Fee revenue	83.3			90.2			87.2			340.9			289.9
Total net revenue	261.5			267.7			265.3			1,046.4			1,015.0
Provision for credit losses	8.0			18.4			24.8			61.4			88.1
Noninterest expense	169.1			163.7			147.6			637.7			561.6
Net income attributable to WSFS	64.2			64.4			63.9			263.7			269.2
Pre-provision net revenue (PPNR)(1)	92.4			103.9			117.7			408.7			453.3
Earnings per share (EPS) (diluted)	1.09			1.08			1.05			4.41			4.40
Return on average assets (ROA) (a)	1.21		%	1.22		%	1.25		%	1.27		%	1.33		%
Return on average equity (ROE) (a)	9.7			10.0			11.1			10.4			11.7
Fee revenue as % of total net revenue	31.8			33.6			32.8			32.5			28.5
Efficiency ratio	64.6			61.1			55.6			60.9			55.2

See “Notes”

GAAP results for the quarterly periods shown included items that are excluded from core results. Below is a summary of the financial effects of these items, which were primarily related to costs associated with the optimization of WSFS-owned real estate properties. For additional detail, refer to the Non-GAAP Reconciliation in the back of this earnings release.


	4Q 2024				3Q 2024				4Q 2023
(Dollars in millions, except per share data)	Total (pre-tax)		Per share (after-tax)		Total (pre-tax)		Per share (after-tax)		Total (pre-tax)		Per share (after-tax)
Fee revenue	$	0.1	$	—	$	0.1	$	—	$	9.2	$	0.11
Noninterest expense	2.1		0.03		—		—		7.9		0.09
Income tax impacts	(0.4)		(0.01)		—		—		7.1		0.12

(1) As used in this press release, PPNR is a non-GAAP financial measure that adjusts net income determined in accordance with GAAP to exclude the impacts of (i) income tax provision and (ii) provision for credit losses. For a reconciliation of this and other non-GAAP financial measures to their comparable GAAP measures, see "Non-GAAP Reconciliation" at the end of the press release.

WSFS Bank Center

WSFS Bank Place

500 Delaware Avenue

1818 Market Street

Wilmington, DE 19801

Philadelphia, PA 19103

CEO Commentary

Rodger Levenson, Chairman, CEO and President, said, "WSFS delivered another strong quarter, with core EPS(2) of $1.11 and a core ROA(2) of 1.24%. Our performance was highlighted by robust deposit growth, a strong NIM, lower credit costs and record performance in our Wealth and Trust franchise.

"Our Q4 results included the impact of an adverse event related to a Cash Connect® Client that led to our termination of this relationship. While disappointing, the actions of our team minimized our exposure, a portion of which we expect to recover through insurance and other avenues.

"Full-year 2024 performance was also strong with core EPS of $4.39, core ROA of 1.26% and core ROTCE(2) of 17.83%, all reflecting the continued optimization of recent franchise investments.

"During the quarter, we were honored to be recognized by Newsweek as one of America's Best Regional Banks, reinforcing our position as the leading locally-headquartered bank and wealth franchise in the Greater Philadelphia and Delaware region.

"I extend my sincere thanks to our over 2,300 Associates for their hard work and commitment to WSFS this past year. We enter 2025 with continued momentum and opportunity as we embark on our 2025-2027 Strategic Plan."

(2) As used in this press release, core ROA, core EPS and core ROTCE are non-GAAP financial measures. These non-GAAP financial measures exclude certain pre-tax adjustments and the tax impact of such adjustments. For a reconciliation of these and other non-GAAP financial measures to their comparable GAAP measures, see "Non-GAAP Reconciliation" at the end of the press release.

WSFS Bank Center

WSFS Bank Place

500 Delaware Avenue

1818 Market Street

Wilmington, DE 19801

Philadelphia, PA 19103

Highlights for 4Q 2024:

•Core ROA was 1.24%, compared to 1.22% for 3Q 2024.

•Core EPS was $1.11, compared to $1.08 for 3Q 2024.

•Customer deposits increased 4% (not annualized) compared to 3Q 2024 and 4% compared to 4Q 2023, driven by broad-based growth across our Trust, Consumer, and Commercial business lines.

•Net interest margin of 3.80%, compared to 3.78% for 3Q 2024, reflects active deposit repricing actions and higher noninterest deposits, partially offset by lower loan yields.

•Total net credit costs were $8.7 million, compared to $20.1 million for 3Q 2024 due to a decrease in the provision for credit losses, reflecting improvement in leading indicators and lower net charge-offs.

•Gross loans decreased 1% (4% annualized) from 3Q 2024 primarily due to higher commercial payoffs as well as runoff in the consumer partnership portfolios. Gross loans increased 3% from 4Q 2023 driven by increases in commercial mortgage, C&I, residential mortgage, and consumer loans.

•Quarterly record fee revenue in Wealth and Trust, with 12% year over year growth.

•Cash Connect® pre-tax income was negatively impacted by $4.7 million as a result of the termination of a long-standing Client relationship, which is described further in the Cash Connect® section of this release.

•WSFS repurchased 393,238 shares of common stock at an average price of $53.27 per share, totaling an aggregate of $20.9 million. The Board of Directors approved a quarterly cash dividend of $0.15 per share. During the year, WSFS repurchased 2,049,739 shares of common stock, or 3%, of shares outstanding, at an average price of $46.55 per share, returning $95.4 million of capital to shareholders.

WSFS Bank Center

WSFS Bank Place

500 Delaware Avenue

1818 Market Street

Wilmington, DE 19801

Philadelphia, PA 19103

Fourth Quarter 2024 Discussion of Financial Results

Balance Sheet

The following table summarizes loan and lease balances and composition at December 31, 2024 compared to September 30, 2024 and December 31, 2023:


Loans and Leases
(Dollars in millions)	December 31, 2024				September 30, 2024				December 31, 2023
Commercial & industrial (C&I)	$	4,652	36	%	$	4,661	35	%	$	4,443	35	%
Commercial mortgage	4,031		31		4,149		32		3,801		30

Construction	832		6		806		6		1,036		8
Commercial small business leases	648		5		645		5		624		5
Total commercial loans and leases	10,163		78		10,261		78		9,904		78
Residential mortgage	992		8		965		7		882		7
Consumer	2,086		16		2,138		16		2,012		16
Gross loans and leases	13,241		102	%	13,364		101	%	12,798		101	%
ACL	(195)		(2)		(197)		(1)		(186)		(1)
Net loans and leases	$	13,046	100	%	$	13,167	100	%	$	12,612	100	%

At December 31, 2024, WSFS’ gross loan and lease portfolio decreased $123.1 million, or 1% (4% annualized), when compared with September 30, 2024, primarily driven by decreases of $118.4 million in commercial mortgage attributable to seasonally higher payoff activity, and $52.0 million in consumer loans due to runoff of the Spring EQ and Upstart portfolios. These decreases were partially offset by an increase of $27.0 million in residential mortgage, due to the retention of certain loans based on favorable yields and relationship opportunities.

Gross loans and leases at December 31, 2024 increased $442.6 million, or 3%, when compared with December 31, 2023. Total commercial loans and leases grew $259.1 million, or 3%, driven by increases of $229.4 million, or 6%, in commercial mortgage and $209.2 million, or 5%, in C&I. These increases were partially offset by a $203.4 million decrease in construction loans, partially driven by migration into commercial mortgages and C&I loans (including owner-occupied real estate). Residential mortgage increased $109.2 million, or 12%, and consumer loans increased $74.3 million, or 4%, primarily due to growth in WSFS-originated consumer loans and Spring EQ.

WSFS Bank Center

WSFS Bank Place

500 Delaware Avenue

1818 Market Street

Wilmington, DE 19801

Philadelphia, PA 19103

The following table summarizes customer deposit balances and composition at December 31, 2024 compared to September 30, 2024 and December 31, 2023:


Customer Deposits
(Dollars in millions)	December 31, 2024				September 30, 2024				December 31, 2023
Noninterest demand	$	4,988	29	%	$	4,686	29	%	$	4,917	30	%
Interest-bearing demand	2,973		17		2,931		18		2,936		18
Savings	1,466		9		1,489		9		1,610		10
Money market	5,472		32		5,178		31		5,175		31
Total core deposits	14,899		87		14,284		87		14,638		89
Customer time deposits	2,131		13		2,143		13		1,784		11
Total customer deposits	$	17,030	100	%	$	16,427	100	%	$	16,422	100	%

Total customer deposits increased by $602.8 million, or 4% (not annualized), when compared with September 30, 2024, driven by broad-based growth across the Trust, Consumer, and Commercial business lines, partially offset by expected seasonal decreases in municipal deposits. Average customer deposits also increased 4%, compared to 3Q 2024. Average noninterest demand deposits, which comprised 31% of average customer deposits, grew 6% (not annualized), reflecting the strength of our core deposit base.

Total customer deposits increased by $607.4 million, or 4%, from December 31, 2023, primarily driven by the Consumer and Commercial businesses, with growth in time, money market, and noninterest demand deposits. Average customer deposits increased 6% compared to 4Q 2023, including average noninterest demand deposit growth of 7%.

The deposit base remains well-diversified, with 51% of customer deposits coming from the Commercial, Small Business, and Wealth and Trust business lines. The loan-to-deposit ratio(3) was 77% at December 31, 2024, providing continued capacity to fund future loan growth.

Core deposits were 87% of total customer deposits, with a weighted average cost of 147bps for the quarter. No- and low-cost checking accounts represented 46% of total customer deposits with a weighted average cost of 41bps for the quarter.

(3) Ratio of net loans and leases to total customer deposits.

WSFS Bank Center

WSFS Bank Place

500 Delaware Avenue

1818 Market Street

Wilmington, DE 19801

Philadelphia, PA 19103

Net Interest Income


	Three Months Ending
(Dollars in millions)		December 31, 2024			September 30, 2024			December 31, 2023
Net interest income before purchase accretion		$	175.8		$	175.5		$	174.8
Purchase accounting accretion		2.4			2.0			3.3
Net interest income		$	178.2		$	177.5		$	178.1

Net interest margin before purchase accretion		3.75		%	3.74		%	3.92		%
Purchase accounting accretion		0.05			0.04			0.07
Net interest margin		3.80		%	3.78		%	3.99		%

Net interest income increased $0.7 million, or less than 1%, compared to 3Q 2024, driven by lower deposit and wholesale funding costs, which were partially offset by lower income from loans. Net interest income was essentially flat compared to 4Q 2023, despite 100bps of interest rate cuts in 2H 2024.

Total loan yields were 6.80%, a decrease of 27bps when compared to 3Q 2024, due to the rate cuts in 2H 2024. Total customer deposit costs were 1.83%, a decrease of 12bps, while interest-bearing deposit costs were 2.65%, a decrease of 14bps compared to the prior quarter. The deposit cost decreases reflect deposit repricing actions taken in response to the Fed interest rate cuts.

Net interest margin of 3.80%, an increase of 2bps compared to 3Q 2024, reflects the repricing actions and higher noninterest deposits, partially offset by the lower loan yields mentioned above. Net interest margin decreased 19bps from 4Q 2023, primarily driven by lower loan yields as well as deposit mix shift and growth in higher priced deposit products over the past year.

WSFS Bank Center

WSFS Bank Place

500 Delaware Avenue

1818 Market Street

Wilmington, DE 19801

Philadelphia, PA 19103

Asset Quality


(Dollars in millions)	December 31, 2024			September 30, 2024			December 31, 2023
Problem assets(4)	$	645.0		$	721.5		$	555.7
Delinquencies	121.8			147.6			101.9
Nonperforming assets	127.4			91.3			75.8
Net charge-offs	10.2			19.2			14.7
Total net credit costs (r)	8.7			20.1			25.4
Problem assets to total Tier 1 capital plus ACL	26.21		%	30.11		%	23.44		%
Classified assets to total Tier 1 capital plus ACL	21.40			21.41			17.29
Ratio of nonperforming assets to total assets	0.61			0.44			0.37
Delinquencies to gross loans (n)	0.92			1.11			0.80

Ratio of quarterly net charge-offs to average gross loans	0.31			0.58			0.46
Ratio of allowance for credit losses to total loans and leases (q)	1.48			1.48			1.46
Ratio of allowance for credit losses to nonaccruing loans	160			219			251

See “Notes”

Total net credit costs were $8.7 million in the quarter, a decrease of $11.4 million, compared to $20.1 million in 3Q 2024. The decrease reflects improvements in early stage metrics of problem assets and delinquencies, as well as net charge-offs.

Problem assets to total Tier 1 capital plus ACL ratio was 26.21%, a decrease of 390bps compared to September 30, 2024, driven by upgrades and the full payoff of a $21.6 million problem credit.

Delinquencies of $121.8 million, or 92bps of gross loans, decreased $25.8 million, or 19bps, compared to September 30, 2024, primarily due to two commercial relationships brought current within the period.

Nonperforming assets increased $36.0 million, or 17bps of total assets, compared to September 30, 2024, primarily driven by the migration of one relationship with two loans, one land and one multifamily construction. These loans were previously included in problem assets and are well-collateralized based on current valuations.

Net charge-offs decreased $8.9 million to $10.2 million, or 31bps (annualized) of average gross loans during the quarter. Outside of the NewLane and Upstart portfolios, which continued to moderate, there were minimal losses in our commercial and consumer portfolios in the quarter.

The ACL was $195.3 million as of December 31, 2024, a decrease of $2.2 million from September 30, 2024. The ACL coverage ratio was 1.48%, flat compared to September 30, 2024.

(4) Problem assets includes all criticized, classified, and nonperforming loans as well as other real estate owned (OREO).

WSFS Bank Center

WSFS Bank Place

500 Delaware Avenue

1818 Market Street

Wilmington, DE 19801

Philadelphia, PA 19103

Core Fee Revenue(5)

Core fee revenue (noninterest income) of $83.2 million decreased $6.9 million, or 8% (not annualized), compared to $90.1 million from 3Q 2024. The decrease was driven by $6.4 million of lower Cash Connect® fee revenue and $2.3 million from the Spring EQ earnout recognized in 3Q 2024. The decline in Cash Connect® included a $2.8 million impact from the write-off of uncollectible fees related to the termination of a Client relationship as well as a $2.1 million impact from interest rates (which was offset in noninterest expense). The full impact of the Client termination is described further in the Cash Connect® section of this release. The decrease was partially offset by Wealth and Trust, which increased $3.0 million and delivered a record quarter, with double digit growth in Institutional Services.

Core fee revenue increased $5.2 million, or 7%, compared to 4Q 2023. Excluding the impacts of the Cash Connect® Client termination and Spring EQ-related fees in 2023, core fee revenue increased 15%. The growth was driven by the Wealth and Trust and Cash Connect® business lines. Growth in Wealth and Trust was driven by Institutional Services, Private Wealth Management and The Bryn Mawr Trust Company of Delaware (BMT of DE). Growth in Cash Connect® was driven by bailment Clients added in the fourth quarter of 2023 and the first half of 2024.

For 4Q 2024, our core fee revenue ratio(5) was 31.8% compared to 33.6% in 3Q 2024 and 30.4% in 4Q 2023. Fee revenue is a competitive differentiator providing a well-diversified source of revenue with further growth opportunities expected.

(5) As used in this press release, core fee revenue and core fee revenue ratio is a non-GAAP financial measure. This non-GAAP financial measure excludes certain pre-tax adjustments and the tax impact of such adjustments. For a reconciliation of this and other non-GAAP financial measures to their comparable GAAP measures, see "Non-GAAP Reconciliation" at the end of the press release.

WSFS Bank Center

WSFS Bank Place

500 Delaware Avenue

1818 Market Street

Wilmington, DE 19801

Philadelphia, PA 19103

Core Noninterest Expense(6)

Core noninterest expense of $167.0 million increased $3.3 million, or 2% (not annualized), compared to 3Q 2024. Core noninterest expense was impacted by $1.9 million of nonrecurring items related to the Cash Connect® Client termination as well as favorable impacts of $2.3 million from Cash Connect® external funding costs driven by interest rate decreases. Excluding these items, core noninterest expense increased $3.7 million, or 3% (not annualized), which was driven by higher compliance and risk-related professional fees, legal fees and medical benefit costs.

Core noninterest expense increased $27.2 million, or 19%, compared to 4Q 2023. Excluding the impact of the Cash Connect® Client termination and additional external funding costs of $5.4 million (which were more than offset in fee revenue), core noninterest expense increased $20.0 million, or 15%, compared to 4Q 2023.

The $20.0 million increase was largely driven by $18.0 million in higher salaries and benefits as a result of talent additions, performance-based increases, and higher medical costs. The talent additions were concentrated in key business areas, such as Wealth and Trust, Commercial, and Technology. We continue to be a preferred platform for new talent as evidenced by two teams in Wealth and Trust that have recently joined us from competitors.

Our core efficiency ratio(6) was 63.8% in 4Q 2024, compared to 61.1% in 3Q 2024 and 54.5% in 4Q 2023.

Income Taxes

We recorded a $20.2 million income tax provision in 4Q 2024, compared to $21.1 million in 3Q 2024 and $29.4 million in 4Q 2023. The quarter over quarter decrease is primarily due to lower income before taxes and the year over year decrease in income tax provision is primarily due to the surrender of bank-owned life insurance (BOLI) policies in 4Q 2023.

The effective tax rate was 23.9% in 4Q 2024 compared to 24.7% in 3Q 2024 and 31.6% in 4Q 2023. The decrease in effective tax rate for 4Q 2024 compared to 3Q 2024 was primarily driven by lower state taxes and impacts from renewable energy tax credits. The decrease in effective tax rate when compared to 4Q 2023 is attributable to the surrender of BOLI policies mentioned above. The full-year effective tax rate was 24.1% in 2024 compared to 26.3% in 2023.

(6) As used in this press release, core noninterest expense and core efficiency ratio are non-GAAP financial measures. These non-GAAP financial measures exclude certain pre-tax adjustments and the tax impact of such adjustments. For a reconciliation of these and other non-GAAP financial measures to their comparable GAAP measures, see "Non-GAAP Reconciliation" at the end of the press release.

WSFS Bank Center

WSFS Bank Place

500 Delaware Avenue

1818 Market Street

Wilmington, DE 19801

Philadelphia, PA 19103

Capital Management

Capital levels remain strong and are all substantially in excess of the “well-capitalized” regulatory benchmarks at December 31, 2024, with WSFS Bank’s Tier 1 leverage ratio of 11.03%, Common Equity Tier 1 capital ratio and Tier 1 capital ratio of 13.88%, and Total Risk-based capital ratio of 15.13%.

WSFS’ total stockholders’ equity decreased $88.5 million, or 3% (not annualized), during 4Q 2024. The decrease was primarily due to an increase in accumulated other comprehensive loss of $124.9 million, driven by market-value decreases on available-for-sale investment securities, and capital returns of $29.8 million to stockholders, comprising $20.9 million from share repurchases and $8.8 million from quarterly dividends. The decrease was partially offset by quarterly earnings of $64.2 million.

WSFS’ tangible common equity(7) decreased $84.5 million, or 5% (not annualized), compared to September 30, 2024, primarily due to the reasons described above. WSFS’ common equity to assets ratio decreased 37bps to 12.44% during the quarter, and our tangible common equity to tangible assets ratio(7) was 8.08% at December 31, 2024, a decrease of 39bps, compared to the prior quarter.

At December 31, 2024, book value per share was $44.15, a decrease of $1.22, or 3% (not annualized), from September 30, 2024, and tangible book value per share was $27.30, a decrease of $1.26, or 4% (not annualized), from September 30, 2024. These decreases were due to the reasons described above. Book value per share increased $3.22, or 8%, and tangible book value per share increased $2.97, or 12%, compared to 4Q 2023.

During 4Q 2024, WSFS repurchased 393,238 shares of common stock for an aggregate of $20.9 million. As of December 31, 2024, WSFS has 3,291,854 shares, or approximately 6% of outstanding shares, remaining to repurchase under its current authorization. For the year, total capital returned to stockholders through share repurchases and quarterly dividends was $131.2 million.

The Board of Directors approved a quarterly cash dividend of $0.15 per share of common stock. This dividend will be paid on February 21, 2025 to stockholders of record as of February 7, 2025.

(7) As used in this press release, tangible common equity and tangible common equity to tangible assets ratio are non-GAAP financial measures. These non-GAAP financial measures exclude goodwill and intangible assets and the related tax-effected amortization. For a reconciliation of these and other non-GAAP financial measures to their comparable GAAP measures, see "Non-GAAP Reconciliation" at the end of the press release.

WSFS Bank Center

WSFS Bank Place

500 Delaware Avenue

1818 Market Street

Wilmington, DE 19801

Philadelphia, PA 19103

Selected Business Segments (included in previous results):

Wealth Management

The Wealth Management segment provides a broad array of planning and advisory services, investment management, trust services, credit and deposit products to individual, corporate, and institutional Clients.

Selected quarterly performance results and metrics are as follows:


(Dollars in millions)	December 31, 2024		September 30, 2024		December 31, 2023
Net interest income	$	23.1	$	21.6	$	18.3
Provision for (recovery of) credit losses	0.4		—		(0.1)
Fee revenue(8)	40.3		37.2		36.0
Noninterest expense(8)	29.9		28.4		26.9
Pre-tax income	33.1		30.4		27.5
Performance Metrics
Trust fee revenue (Institutional Services and BMT of DE)	$	24.1	$	21.5	$	20.9
Private Wealth Management fee revenue	15.3		14.7		14.5
AUM/AUA(9)	89,425		87,217		78,087

Wealth Management delivered a record quarter in fee revenue and earnings, with pre-tax income of $33.1 million, which increased $2.7 million, or 9% (not annualized), compared to 3Q 2024. Net interest income increased $1.5 million, as average deposits were $222.0 million higher than 3Q 2024. Fee revenue increased $3.0 million from 3Q 2024, due to growth across all business areas, including Institutional Services, BMT of DE, and Private Wealth Management. Total noninterest expense increased $1.5 million, compared to 3Q 2024, mostly due to performance-based compensation and higher technology costs.

Wealth Management pre-tax income increased $5.6 million, or 20%, compared to 4Q 2023 due to higher fee revenue and net interest income. Net interest income increased $4.7 million mostly due to higher deposit balances. Fee revenue increased $4.3 million, or 12%, compared to 4Q 2023, due to growth in Institutional Services, Private Wealth Management, and BMT of DE. Total noninterest expense increased $2.9 million driven by salaries and benefits expense from hiring new advisors and performance-based compensation.

Net AUM of $9.2 billion at the end of 4Q 2024 decreased $0.1 billion, or 2%, compared to 3Q 2024, and increased $0.5 billion, or 6%, compared to 4Q 2023. AUM balances compared to the prior quarter were largely driven by declines in broader equity markets and some net outflows.

(8) Includes intercompany allocation of revenue and expense.

(9) Represents Assets Under Management and Assets Under Administration.

WSFS Bank Center

WSFS Bank Place

500 Delaware Avenue

1818 Market Street

Wilmington, DE 19801

Philadelphia, PA 19103

Cash Connect®

Cash Connect® is a premier provider of ATM vault cash, smart safe and cash logistics services in the United States, servicing non-bank ATMs and smart safes nationwide and supporting ATMs for WSFS Bank Customers with one of the largest branded ATM networks in our region.

Selected quarterly financial results and metrics are as follows:


(Dollars in millions)	December 31, 2024			September 30, 2024			December 31, 2023
Net revenue(10)	$	21.8		$	27.7		$	19.0
Noninterest expense(11)	25.2			26.1			17.4
Pre-tax income	(3.4)			1.6			1.6


Performance Metrics

Average cash managed	$	1,585		$	1,623		$	1,579
Number of serviced non-bank ATMs and smart safes	38,574			42,126			41,695
Number of WSFS owned and branded ATMs	567			569			590
ROA	(2.63)		%	1.29		%	1.17		%

During the fourth quarter, WSFS terminated a relationship with a long-standing Cash Connect® Client as a result of negative events in the Client's overall business portfolio. Due to this termination, Cash Connect® recorded a loss of $3.4 million in 4Q 2024, driven by one-time charges totaling $4.7 million, including $2.8 million in uncollectible fees and $1.9 million in noninterest expense. We are actively engaged in the recovery of these costs through our insurance policies and other avenues, where appropriate. The table below summarizes the impact of these charges.


	Reported						Adjusted
(Dollars in millions)	December 31, 2024			Adjustments			December 31, 2024
Net revenue	$	21.8		$	2.8		$	24.6
Noninterest expense	25.2			(1.9)			23.3
Pre-tax income	(3.4)			4.7			1.4


ROA	(2.63)		%	3.69		%	1.06		%

Excluding the impacts of the terminated relationship, net revenue was $24.6 million, a decrease of $3.0 million compared to 3Q 2024 and pre-tax income was $1.4 million, a decrease of $0.3 million. The decrease in net revenue was driven by $2.1 million related to interest rate reductions (which were offset in noninterest expense) and $1.5 million related to seasonally lower ATM volume, which also impacted pre-tax income.

Excluding the impacts of the terminated relationship, pre-tax net income decreased $0.2 million compared to 4Q 2023. The decrease was primarily driven by higher vault-related expenses, partially offset by the benefit from lower rates.

(10) Includes intercompany allocation of income and net interest income.

(11) Includes intercompany allocation of expense.

WSFS Bank Center

WSFS Bank Place

500 Delaware Avenue

1818 Market Street

Wilmington, DE 19801

Philadelphia, PA 19103

Fourth Quarter 2024 Earnings Release Conference Call

Management will conduct a conference call to review 4Q 2024 results at 1:00 p.m. Eastern Time (ET) on Tuesday, January 28, 2025. Interested parties may access the conference call live on our Investor Relations website (https://investors.wsfsbank.com). For those who cannot access the live conference call, a replay will be accessible shortly after the event concludes through our Investor Relations website.

About WSFS Financial Corporation

WSFS Financial Corporation is a multibillion-dollar financial services company. Its primary subsidiary, WSFS Bank, is the oldest and largest locally headquartered bank and trust company in the Greater Philadelphia and Delaware region. As of December 31, 2024, WSFS Financial Corporation had $20.8 billion in assets on its balance sheet and $89.4 billion in assets under management and administration. WSFS operates from 114 offices, 88 of which are banking offices, located in Pennsylvania (57), Delaware (39), New Jersey (14), Florida (2), Nevada (1) and Virginia (1) and provides comprehensive financial services including commercial banking, consumer banking, treasury management and trust and wealth management. Other subsidiaries or divisions include Arrow Land Transfer, Bryn Mawr Capital Management, LLC, Bryn Mawr Trust®, The Bryn Mawr Trust Company of Delaware, Cash Connect®, NewLane Finance®, Powdermill® Financial Solutions, WSFS Institutional Services®, WSFS Mortgage®, and WSFS Wealth® Investments. Serving the Greater Delaware Valley since 1832, WSFS Bank is one of the ten oldest banks in the United States continuously operating under the same name. For more information, please visit www.wsfsbank.com.

WSFS Bank Center

WSFS Bank Place

500 Delaware Avenue

1818 Market Street

Wilmington, DE 19801

Philadelphia, PA 19103

Forward-Looking Statements

This press release contains estimates, predictions, opinions, projections and other "forward-looking statements" as that phrase is defined in the Private Securities Litigation Reform Act of 1995. Such statements include, without limitation, references to the Company's predictions or expectations of future business or financial performance as well as its goals and objectives for future operations, financial and business trends, business prospects, and management's outlook or expectations for earnings, revenues, expenses, capital levels, liquidity levels, asset quality or other future financial or business performance, strategies or expectations. The words “believe,” “expect,” “anticipate,” “plan,” “estimate,” “target,” “project” and similar expressions, among others, generally identify forward-looking statements. Such forward-looking statements are based on various assumptions (some of which may be beyond the Company's control) and are subject to risks and uncertainties (which change over time) and other factors which could cause actual results to differ materially from those currently anticipated. Such risks and uncertainties include, but are not limited to, difficult market conditions and unfavorable economic trends in the United States generally and in financial markets, particularly in the markets in which the Company operates and in which its loans are concentrated, including difficult and unfavorable conditions and trends related to housing markets, costs of living, unemployment levels, interest rates, supply chain issues, inflation, and economic growth; the impacts related to or resulting from bank failures and other economic and industry volatility, including potential increased regulatory requirements and costs and potential impacts to macroeconomic conditions; changes in market interest rates which may increase funding costs and reduce earning asset yields and thus reduce margin; the impact of changes in interest rates and the credit quality and strength of underlying collateral and the effect of such changes on the market value of the Company's investment securities portfolio, which could impact market confidence in the Company’s operations; possible additional loan losses and impairment of the collectability of loans; the Company's level of nonperforming assets and the costs associated with resolving problem loans including litigation and other costs and complying with government-imposed foreclosure moratoriums; , the credit risk associated with the substantial amount of commercial real estate, commercial and industrial, and construction and land development loans in the Company's loan portfolio; the extensive federal and state regulation, supervision and examination governing almost every aspect of the Company's operations and potential expenses associated with complying with such regulations; the Company's ability to comply with applicable capital and liquidity requirements, including its ability to generate liquidity internally or raise capital on favorable terms; possible changes in trade, monetary and fiscal policies and stimulus programs, laws and regulations and other activities of governments, agencies, and similar organizations, and the uncertainty of the short- and long-term impacts of such changes; any impairments of the Company's goodwill or other intangible assets; the success of the Company's growth plans; failure of the financial and/or operational controls of the Company's Cash Connect® and/or Wealth Management segments; negative perceptions or publicity with respect to the Company generally and, in particular, the Company's trust and wealth management business; adverse judgments or other resolution of pending and future legal proceedings, and cost incurred in defending such proceedings; the Company's reliance on third parties for certain important functions, including the operation of its core systems, and any failures by such third parties; system failures or cybersecurity incidents or other breaches of the Company's network security, particularly given remote working arrangements; the Company's ability to recruit and retain key Associates; the effects of weather, including climate change, and natural disasters such as floods, droughts, wind, tornadoes and hurricanes as well as effects from geopolitical instability, armed conflicts, public health crises and man-made disasters including terrorist attacks; the effects of regional or national civil unrest (including any resulting branch or ATM closures or damage); possible changes in the speed of loan prepayments by the Company's Customers and loan origination or sales volumes; possible changes in market valuations and/or the speed of prepayments of mortgage-backed securities (MBS) due to changes in the interest rate environment, and the related acceleration of premium amortization on prepayments in the event that prepayments accelerate; regulatory limits on the Company's ability to receive dividends from its subsidiaries and pay dividends to its stockholders; any reputation, credit, interest rate, market, operational, litigation, legal, liquidity, regulatory and compliance risk resulting from developments related to any of the risks discussed above; any compounding effects or unexpected interactions of the risks discussed above; and other risks and uncertainties, including those discussed in the Company's Annual Report on Form 10-K for the year ended December 31, 2023, Quarterly Reports on Form 10-Q for the quarters ended March 31, 2024, June 30, 2024, and September 30,2024, and other documents filed by the Company with the Securities and Exchange Commission from time to time.

The Company cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date they are made. The Company disclaims any duty to revise or update any forward-looking statement, whether written or oral, that may be made from time to time by or on behalf of the Company for any reason, except as specifically required by law. As used in this press release, the terms "WSFS," "the Company," "registrant," "we," "us," and "our" mean WSFS Financial Corporation and its subsidiaries, on a consolidated basis, unless the context indicates otherwise.

WSFS Bank Center

WSFS Bank Place

500 Delaware Avenue

1818 Market Street

Wilmington, DE 19801

Philadelphia, PA 19103

WSFS FINANCIAL CORPORATION

FINANCIAL HIGHLIGHTS

SUMMARY STATEMENTS OF INCOME (Unaudited)


	Three months ended						Twelve months ended
(Dollars in thousands, except per share data)	December 31, 2024		September 30, 2024		December 31, 2023		December 31, 2024		December 31, 2023
Interest income:
Interest and fees on loans	$	226,886	$	235,977	$	224,760	$	918,381	$	845,271
Interest on mortgage-backed securities	24,995		25,348		26,245		102,024		107,555
Interest and dividends on investment securities	2,188		2,184		2,184		8,739		8,783
Other interest income	9,270		9,875		4,042		34,438		14,913
	263,339		273,384		257,231		1,063,582		976,522
Interest expense:
Interest on deposits	78,541		80,647		67,319		308,676		209,820
Interest on Federal Home Loan Bank advances	828		1,472		213		2,967		5,348
Interest on senior and subordinated debt	2,354		2,446		2,455		9,690		9,815
Interest on trust preferred borrowings	1,655		1,749		1,782		6,910		6,736
Interest on other borrowings	1,754		9,566		7,335		29,901		19,700
	85,132		95,880		79,104		358,144		251,419
Net interest income	178,207		177,504		178,127		705,438		725,103
Provision for credit losses	8,036		18,422		24,816		61,410		88,071
Net interest income after provision for credit losses	170,171		159,082		153,311		644,028		637,032
Noninterest income:
Credit/debit card and ATM income	20,545		24,621		17,058		88,710		59,718
Investment management and fiduciary revenue	39,763		36,648		35,475		146,945		131,050
Deposit service charges	6,844		6,837		6,543		26,664		25,393
Mortgage banking activities, net	1,634		2,067		1,119		7,565		4,799
Loan and lease fee income	1,939		1,513		1,535		6,681		5,718

Unrealized gain on equity investment, net	—		—		338		—		329
Realized gain on sale of equity investment, net	123		56		9,493		2,309		9,493
Bank-owned life insurance income	1,191		1,540		675		4,724		4,642
Other income	11,268		16,876		14,969		57,322		48,729
	83,307		90,158		87,205		340,920		289,871
Noninterest expense:
Salaries, benefits and other compensation	87,503		86,124		69,524		332,682		289,193
Occupancy expense	9,118		9,595		12,115		37,579		42,184
Equipment expense	12,922		12,076		11,077		47,744		42,242
Data processing and operations expense	4,829		4,985		4,692		18,281		19,054
Professional fees	7,083		3,819		6,031		20,164		21,200
Marketing expense	1,969		2,053		1,984		7,824		7,914
FDIC expenses	2,912		2,882		7,908		12,166		15,887

Loan workout and other credit costs	646		1,684		560		2,123		852
Corporate development expense	61		46		282		473		3,931
Restructuring expense	2,193		—		557		2,193		(230)


Other operating expenses	39,890		40,459		32,916		156,460		119,406
	169,126		163,723		147,646		637,689		561,633
Income before taxes	84,352		85,517		92,870		347,259		365,270
Income tax provision	20,197		21,108		29,365		83,764		96,245
Net income	64,155		64,409		63,505		263,495		269,025
Less: Net loss attributable to noncontrolling interest	(47)		(26)		(403)		(176)		(131)
Net income attributable to WSFS	$	64,202	$	64,435	$	63,908	$	263,671	$	269,156
Diluted earnings per share of common stock:	$	1.09	$	1.08	$	1.05	$	4.41	$	4.40
Weighted average shares of common stock outstanding for fully diluted EPS	59,078,572		59,393,651		60,772,603		59,738,889		61,220,647

See “Notes”

WSFS Bank Center

WSFS Bank Place

500 Delaware Avenue

1818 Market Street

Wilmington, DE 19801

Philadelphia, PA 19103

WSFS FINANCIAL CORPORATION

FINANCIAL HIGHLIGHTS

SUMMARY STATEMENTS OF INCOME (Unaudited) - continued


	Three months ended						Twelve months ended
	December 31, 2024		September 30, 2024		December 31, 2023		December 31, 2024		December 31, 2023
Performance Ratios:
Return on average assets (a)	1.21	%	1.22	%	1.25	%	1.27	%	1.33	%
Return on average equity (a)	9.66		9.95		11.12		10.40		11.70
Return on average tangible common equity (a)(o)	16.17		16.96		20.83		17.91		21.73
Net interest margin (a)(b)	3.80		3.78		3.99		3.82		4.11
Efficiency ratio (c)	64.57		61.08		55.56		60.85		55.24
Noninterest income as a percentage of total net revenue (b)	31.80		33.64		32.81		32.53		28.51

See “Notes”

WSFS Bank Center

WSFS Bank Place

500 Delaware Avenue

1818 Market Street

Wilmington, DE 19801

Philadelphia, PA 19103

WSFS FINANCIAL CORPORATION

FINANCIAL HIGHLIGHTS (Continued)

SUMMARY STATEMENTS OF FINANCIAL CONDITION (Unaudited)


(Dollars in thousands)	December 31, 2024			September 30, 2024			December 31, 2023
Assets:
Cash and due from banks	$	722,722		$	571,798		$	629,310
Cash in non-owned ATMs	430,320			414,931			458,889
Investment securities, available-for-sale	3,510,648			3,737,119			3,846,537
Investment securities, held-to-maturity	1,015,161			1,026,305			1,058,557
Other investments	31,765			38,662			37,533
Net loans and leases (e)(f)(l)	13,045,917			13,166,805			12,612,470
Bank owned life insurance	36,565			35,658			42,762
Goodwill and intangibles	988,160			992,163			1,004,560
Other assets	1,033,045			921,768			904,054
Total assets	$	20,814,303		$	20,905,209		$	20,594,672
Liabilities and Stockholders’ Equity:
Noninterest-bearing deposits	$	4,987,753		$	4,685,957		$	4,917,297
Interest-bearing deposits	12,042,055			11,741,074			11,505,113
Total customer deposits	17,029,808			16,427,031			16,422,410
Brokered deposits	—			—			51,676
Total deposits	17,029,808			16,427,031			16,474,086
Federal Home Loan Bank advances	51,040			43,158			—
Other borrowings	332,567			1,032,003			895,076
Other liabilities	821,512			736,002			755,695
Total liabilities	18,234,927			18,238,194			18,124,857
Stockholders’ equity of WSFS	2,589,752			2,678,264			2,477,636
Noncontrolling interest	(10,376)			(11,249)			(7,821)
Total stockholders' equity	2,579,376			2,667,015			2,469,815
Total liabilities and stockholders' equity	$	20,814,303		$	20,905,209		$	20,594,672
Capital Ratios:
Equity to asset ratio	12.44		%	12.81		%	12.03		%
Tangible common equity to tangible asset ratio (o)	8.08			8.47			7.52
Common equity Tier 1 capital (required: 4.5%; well capitalized: 6.5%) (g)	13.88			13.46			13.72
Tier 1 leverage (required: 4.00%; well-capitalized: 5.00%) (g)	11.03			10.68			10.92
Tier 1 risk-based capital (required: 6.00%; well-capitalized: 8.00%) (g)	13.88			13.46			13.72
Total risk-based capital (required: 8.00%; well-capitalized: 10.00%) (g)	15.13			14.71			14.96
Asset Quality Indicators:
Nonperforming assets:
Nonaccruing loans (t)	$	122,181		$	90,039		$	74,185

Assets acquired through foreclosure	5,204			1,301			1,569
Total nonperforming assets	$	127,385		$	91,340		$	75,754
Past due loans (h)	$	9,202		$	31,714		$	11,584
Troubled loans (u)	151,288			166,754			95,268
Allowance for credit losses	195,288			197,497			186,134
Ratio of nonperforming assets to total assets	0.61		%	0.44		%	0.37		%

Ratio of allowance for credit losses to total loans and leases (q)	1.48			1.48			1.46

Ratio of allowance for credit losses to nonaccruing loans	160			219			251
Ratio of quarterly net charge-offs to average gross loans (a)(e)(i)(n)	0.31			0.58			0.46
Ratio of year-to-date net charge-offs to average gross loans (a)(e)(i)(n)	0.40			0.43			0.44

See “Notes”

WSFS Bank Center

WSFS Bank Place

500 Delaware Avenue

1818 Market Street

Wilmington, DE 19801

Philadelphia, PA 19103

WSFS FINANCIAL CORPORATION

FINANCIAL HIGHLIGHTS (Continued)

AVERAGE BALANCE SHEET (Unaudited)


(Dollars in thousands)	Three months ended
	December 31, 2024						September 30, 2024						December 31, 2023
	Average Balance		Interest & Dividends		Yield/ Rate (a)(b)		Average Balance		Interest & Dividends		Yield/ Rate (a)(b)		Average Balance		Interest & Dividends		Yield/ Rate (a)(b)
Assets:
Interest-earning assets:
Loans: (e) (j)
Commercial loans and leases (p)	$	5,234,307	$	89,784	6.84	%	$	5,246,721	$	93,594	7.11	%	$	5,049,932	$	89,474	7.04	%
Commercial real estate loans (s)	4,939,610		84,415		6.80		4,952,571		89,516		7.19		4,757,766		85,717		7.15
Residential mortgage	953,099		12,604		5.29		924,830		11,916		5.15		865,631		10,176		4.70
Consumer loans	2,112,283		39,039		7.35		2,112,423		39,909		7.52		1,992,434		38,495		7.67
Loans held for sale	49,455		1,044		8.40		50,556		1,042		8.20		46,227		898		7.71
Total loans and leases	13,288,754		226,886		6.80		13,287,101		235,977		7.07		12,711,990		224,760		7.02
Mortgage-backed securities (d)	4,295,179		24,995		2.33		4,354,462		25,348		2.33		4,376,102		26,245		2.40
Investment securities (d)	366,981		2,188		2.64		366,098		2,184		2.62		356,495		2,184		2.72
Other interest-earning assets	765,240		9,270		4.82		709,358		9,875		5.54		291,626		4,042		5.50
Total interest-earning assets	$	18,716,154	$	263,339	5.61	%	$	18,717,019	$	273,384	5.82	%	$	17,736,213	$	257,231	5.76	%
Allowance for credit losses	(196,740)						(199,380)						(179,030)
Cash and due from banks	189,730						189,523						263,724
Cash in non-owned ATMs	387,114						387,019						396,589
Bank owned life insurance	36,350						35,689						91,769
Other noninterest-earning assets	1,917,671						1,931,521						2,009,939
Total assets	$	21,050,279					$	21,061,391					$	20,319,204
Liabilities and stockholders’ equity:
Interest-bearing liabilities:
Interest-bearing deposits:
Interest-bearing demand	$	2,843,613	$	8,460	1.18	%	$	2,806,850	$	9,074	1.29	%	$	2,941,311	$	7,966	1.07	%
Savings	1,480,650		1,922		0.52		1,519,457		2,038		0.53		1,646,314		1,614		0.39
Money market	5,323,856		44,797		3.35		5,125,286		46,686		3.62		4,760,003		40,373		3.37
Customer time deposits	2,155,891		23,362		4.31		2,061,526		22,849		4.41		1,763,678		15,766		3.55
Total interest-bearing customer deposits	11,804,010		78,541		2.65		11,513,119		80,647		2.79		11,111,306		65,719		2.35
Brokered deposits	—		—		—		—		—		—		119,843		1,600		5.30
Total interest-bearing deposits	11,804,010		78,541		2.65		11,513,119		80,647		2.79		11,231,149		67,319		2.38
Federal Home Loan Bank advances	71,331		828		4.62		108,196		1,472		5.41		14,620		213		5.78
Trust preferred borrowings	90,806		1,655		7.25		90,753		1,749		7.67		90,606		1,782		7.80
Senior and subordinated debt	218,593		2,354		4.31		218,535		2,446		4.48		218,362		2,455		4.50
Other borrowed funds	171,873		1,754		4.06		816,373		9,566		4.66		635,512		7,335		4.58
Total interest-bearing liabilities	$	12,356,613	$	85,132	2.74	%	$	12,746,976	$	95,880	2.99	%	$	12,190,249	$	79,104	2.57	%
Noninterest-bearing demand deposits	5,289,024						4,979,859						4,965,356
Other noninterest-bearing liabilities	772,531						770,572						889,962
Stockholders’ equity of WSFS	2,643,325						2,575,182						2,281,076
Noncontrolling interest	(11,214)						(11,198)						(7,439)
Total liabilities and equity	$	21,050,279					$	21,061,391					$	20,319,204
Excess of interest-earning assets over interest-bearing liabilities	$	6,359,541					$	5,970,043					$	5,545,964
Net interest and dividend income			$	178,207					$	177,504					$	178,127
Interest rate spread					2.87	%					2.83	%					3.19	%
Net interest margin					3.80	%					3.78	%					3.99	%

See “Notes”

WSFS Bank Center

WSFS Bank Place

500 Delaware Avenue

1818 Market Street

Wilmington, DE 19801

Philadelphia, PA 19103

WSFS FINANCIAL CORPORATION

FINANCIAL HIGHLIGHTS (Continued)

(Unaudited)


(Dollars in thousands, except per share data)	Three months ended			Twelve months ended
Stock Information:	December 31, 2024	September 30, 2024	December 31, 2023	December 31, 2024	December 31, 2023
Market price of common stock:
High	$62.75	$58.59	$47.97	$62.75	$51.77
Low	47.87	45.42	33.12	40.20	29.59
Close	53.13	50.99	45.93	53.13	45.93
Book value per share of common stock	44.15	45.37	40.93
Tangible common book value (TBV) per share of common stock (o)	27.30	28.56	24.33
Number of shares of common stock outstanding (000s)	58,657	59,033	60,538
Other Financial Data:
One-year repricing gap to total assets (k)	2.26%	(0.78)%	(0.14)%
Weighted average duration of the MBS portfolio	5.9 years	5.7 years	5.8 years
Unrealized losses on securities available for sale, net of taxes	$(537,790)	$(420,815)	$(499,932)
Number of Associates (FTEs) (m)	2,309	2,316	2,229
Number of offices (branches, LPO’s, operations centers, etc.)	114	114	114
Number of WSFS owned and branded ATMs	567	569	590

Notes:

(a)Annualized.

(b)Computed on a fully tax-equivalent basis.

(c)Noninterest expense divided by (tax-equivalent) net interest income and noninterest income.

(d)Includes securities held-to-maturity (at amortized cost) and securities available-for-sale (at fair value).

(e)Net of unearned income.

(f)Net of allowance for credit losses.

(g)Represents capital ratios of Wilmington Savings Fund Society, FSB and subsidiaries. Capital Ratios for the current quarter are to be considered preliminary until the Call Reports are filed.

(h)Accruing loans which are contractually past due 90 days or more as to principal or interest. Balance includes student loans, which are U.S. government guaranteed with little risk of credit loss.

(i)Excludes loans held for sale.

(j)Nonperforming loans are included in average balance computations.

(k)The difference between projected amounts of interest-sensitive assets and interest-sensitive liabilities repricing within one year divided by total assets, based on a current interest rate scenario.

(l)Includes loans held for sale and reverse mortgages.

(m)Includes seasonal Associates, when applicable.

(n)Excludes reverse mortgage loans.

(o)The Company uses non-GAAP (United States Generally Accepted Accounting Principles) financial information in its analysis of the Company’s performance. The Company’s management believes that these non-GAAP financial measures provide a greater understanding of ongoing operations, enhance comparability of results of operations with prior periods and show the effects of significant gains and charges in the periods presented. The Company’s management believes that investors may use these non-GAAP financial measures to analyze the Company’s financial performance without the impact of unusual items or events that may obscure trends in the Company’s underlying performance. This non-GAAP data should be considered in addition to results prepared in accordance with GAAP, and is not a substitute for, or superior to, GAAP results. For a reconciliation of these and other non-GAAP financial measures to their comparable GAAP measures, see "Non-GAAP Reconciliation" at the end of the press release.

(p)Includes commercial & industrial loans and commercial small business leases.

(q)Represents amortized cost basis for loans and leases.

(r)Includes provision for credit losses, loan workout expenses, OREO expenses and other credit costs.

(s)Includes commercial mortgage and commercial construction loans.

(t)Includes nonaccruing troubled loans.

(u)Represents loans modified in the form of principal forgiveness, interest rate reduction, an other-than-insignificant payment delay, or a term extension to borrowers experiencing financial difficulty.

WSFS Bank Center

WSFS Bank Place

500 Delaware Avenue

1818 Market Street

Wilmington, DE 19801

Philadelphia, PA 19103

WSFS FINANCIAL CORPORATION

FINANCIAL HIGHLIGHTS (Continued)

(Dollars in thousands, except per share data)

(Unaudited)


Non-GAAP Reconciliation (o):	Three months ended									Twelve months ended
	December 31, 2024			September 30, 2024			December 31, 2023			December 31, 2024			December 31, 2023
Net interest income (GAAP)	$	178,207		$	177,504		$	178,127		$	705,438		$	725,103
Core net interest income (non-GAAP)	178,207			177,504			178,127			705,438			725,103
Noninterest income (GAAP)	83,307			90,158			87,205			340,920			289,871

Less: Unrealized gain on equity investments, net	—			—			338			—			329
Less: Realized gain on sale of equity investment, net	123			56			9,493			2,309			9,493
Less/(plus): Visa derivative valuation adjustment	—			—			(605)			2,829			(2,460)
Core fee revenue (non-GAAP)	$	83,184		$	90,102		$	77,979		$	335,782		$	282,509
Core net revenue (non-GAAP)	$	261,391		$	267,606		$	256,106		$	1,041,220		$	1,007,612
Core net revenue (non-GAAP)(tax-equivalent)	$	261,811		$	267,991		$	256,523		$	1,042,785		$	1,009,427
Noninterest expense (GAAP)	$	169,126		$	163,723		$	147,646		$	637,689		$	561,633
Less: FDIC special assessment	—			—			5,052			880			5,052

Less: Corporate development expense	61			46			282			473			3,931
Less/(plus): Restructuring expense	2,193			—			557			2,193			(230)
Plus: Remeasurement of lease liability	(112)			—			—			(112)			—
Less: Contribution to WSFS CARES Foundation	—			—			2,000			—			2,000
Core noninterest expense (non-GAAP)	$	166,984		$	163,677		$	139,755		$	634,255		$	550,880
Core efficiency ratio (non-GAAP)	63.8		%	61.1		%	54.5		%	60.8		%	54.6		%
Core fee revenue ratio (non-GAAP) (b)	31.8		%	33.6		%	30.4		%	32.2		%	28.0		%








	End of period
	December 31, 2024			September 30, 2024			December 31, 2023
Total assets (GAAP)	$	20,814,303		$	20,905,209		$	20,594,672
Less: Goodwill and other intangible assets	988,160			992,163			1,004,560
Total tangible assets (non-GAAP)	$	19,826,143		$	19,913,046		$	19,590,112
Total stockholders’ equity of WSFS (GAAP)	$	2,589,752		$	2,678,264		$	2,477,636
Less: Goodwill and other intangible assets	988,160			992,163			1,004,560
Total tangible common equity (non-GAAP)	$	1,601,592		$	1,686,101		$	1,473,076

Tangible common book value (TBV) per share:
Book value per share (GAAP)	$	44.15		$	45.37		$	40.93
Tangible common book value per share (non-GAAP)	27.30			28.56			24.33
Tangible common equity to tangible assets:
Equity to asset ratio (GAAP)	12.44		%	12.81		%	12.03		%
Tangible common equity to tangible assets ratio (non-GAAP)	8.08			8.47			7.52

WSFS Bank Center

WSFS Bank Place

500 Delaware Avenue

1818 Market Street

Wilmington, DE 19801

Philadelphia, PA 19103


Non-GAAP Reconciliation - continued (o):	Three months ended									Twelve months ended
	December 31, 2024			September 30, 2024			December 31, 2023			December 31, 2024			December 31, 2023
GAAP net income attributable to WSFS	$	64,202		$	64,435		$	63,908		$	263,671		$	269,156
Plus/(less): Pre-tax adjustments: Realized/unrealized gain on equity investments, net, Visa derivative valuation adjustment, FDIC special assessment, corporate development and restructuring expense, remeasurement of lease liability, and contribution to WSFS CARES Foundation	2,019			(10)			(1,335)			(1,704)			3,391
Plus: Tax adjustments: BOLI surrender	—			—			7,056			—			7,056
(Plus)/less: Tax impact of pre-tax adjustments	(445)			2			65			485			(764)
Adjusted net income (non-GAAP) attributable to WSFS	$	65,776		$	64,427		$	69,694		$	262,452		$	278,839








GAAP return on average assets (ROA)	1.21		%	1.22		%	1.25		%	1.27		%	1.33		%
Plus/(less): Pre-tax adjustments: Realized/unrealized gain on equity investments, net, Visa derivative valuation adjustment, FDIC special assessment, corporate development and restructuring expense, remeasurement of lease liability, and contribution to WSFS CARES Foundation	0.04			—			(0.03)			(0.01)			0.02
Plus: Tax adjustments: BOLI surrender	—			—			0.14			—			0.03
(Plus)/less: Tax impact of pre-tax adjustments	(0.01)			—			—			—			—
Core ROA (non-GAAP)	1.24		%	1.22		%	1.36		%	1.26		%	1.38		%


Earnings per share (diluted) (GAAP)	$	1.09		$	1.08		$	1.05		$	4.41		$	4.40
Plus/(less): Pre-tax adjustments: Realized/unrealized gain on equity investments, net, Visa derivative valuation adjustment, FDIC special assessment, corporate development and restructuring expense, remeasurement of lease liability, and contribution to WSFS CARES Foundation	0.03			—			(0.02)			(0.03)			0.05
Plus: Tax adjustments: BOLI surrender	—			—			0.12			—			0.12
(Plus)/less: Tax impact of pre-tax adjustments	(0.01)			—			—			0.01			(0.02)
Core earnings per share (non-GAAP)	$	1.11		$	1.08		$	1.15		$	4.39		$	4.55

Calculation of return on average tangible common equity:
GAAP net income attributable to WSFS	$	64,202		$	64,435		$	63,908		$	263,671		$	269,156
Plus: Tax effected amortization of intangible assets	2,965			2,949			2,976			11,893			11,724
Net tangible income (non-GAAP)	$	67,167		$	67,384		$	66,884		$	275,564		$	280,880
Average stockholders’ equity of WSFS	$	2,643,325		$	2,575,182		$	2,281,076		$	2,535,737		$	2,300,467
Less: Average goodwill and intangible assets	990,762			994,818			1,007,136			996,899			1,008,128
Net average tangible common equity	$	1,652,563		$	1,580,364		$	1,273,940		$	1,538,838		$	1,292,339
Return on average tangible common equity (non-GAAP)	16.17		%	16.96		%	20.83		%	17.91		%	21.73		%

WSFS Bank Center

WSFS Bank Place

500 Delaware Avenue

1818 Market Street

Wilmington, DE 19801

Philadelphia, PA 19103


Non-GAAP Reconciliation - continued (o):	Three months ended									Twelve months ended
	December 31, 2024			September 30, 2024			December 31, 2023			December 31, 2024			December 31, 2023
Calculation of core return on average tangible common equity:
Adjusted net income (non-GAAP) attributable to WSFS	$	65,776		$	64,427		$	69,694		$	262,452		$	278,839
Plus: Tax effected amortization of intangible assets	2,965			2,949			2,976			11,893			11,724
Core net tangible income (non-GAAP)	$	68,741		$	67,376		$	72,670		$	274,345		$	290,563
Net average tangible common equity	$	1,652,563		$	1,580,364		$	1,273,940		$	1,538,838		$	1,292,339
Core return on average tangible common equity (non-GAAP)	16.55		%	16.96		%	22.63		%	17.83		%	22.48		%

Calculation of PPNR:
Net income (GAAP)	$	64,155		$	64,409		$	63,505		$	263,495		$	269,025
Plus: Income tax provision	20,197			21,108			29,365			83,764			96,245
Plus: Provision for credit losses	8,036			18,422			24,816			61,410			88,071
PPNR (non-GAAP)	$	92,388		$	103,939		$	117,686		$	408,669		$	453,341

1 WSFS Financial Corporation 4Q 2024 Earnings Release Supplement January 2025 Exhibit 99.2

2 Forward Looking Statements & Non-GAAP Forward Looking Statements: This presentation contains estimates, predictions, opinions, projections and other "forward-looking statements" as that phrase is defined in the Private Securities Litigation Reform Act of 1995. Such statements include, without limitation, references to the Company's predictions or expectations of future business or financial performance as well as its goals and objectives for future operations, financial and business trends, business prospects, and management's outlook or expectations for earnings, revenues, expenses, capital levels, liquidity levels, asset quality or other future financial or business performance, strategies or expectations. The words “believe,” “expect,” “anticipate,” “plan,” “estimate,” “target,” “project” and similar expressions, among others, generally identify forward- looking statements. Such forward-looking statements are based on various assumptions (some of which may be beyond the Company's control) and are subject to significant risks and uncertainties (which change over time) and other factors, including the impacts related to or resulting from bank failures and other economic and industry volatility, including potential increased regulatory requirements and costs and potential impacts to macroeconomic conditions, the uncertain effects of geopolitical instability, armed conflicts, public health crises, inflation, interest rates and actions taken in response thereto on our business, results of operations, capital and liquidity, which could cause actual results to differ materially from those currently anticipated. Such risks and uncertainties are discussed in detail in the Company’s Form 10-K for the year ended December 31, 2023, Form 10-Q for the quarter ended March 31, 2024, Form 10-Q for the quarter ended June 30, 2024, Form 10-Q for the quarter ended September 30, 2024, and other documents filed by the Company with the Securities and Exchange Commission from time to time. We caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date on which they are made, and the Company disclaims any duty to revise or update any forward-looking statement, whether written or oral, that may be made from time to time by or on behalf of the Company for any reason, except as specifically required by law. As used in this presentation, the terms "WSFS", "the Company", "registrant", "we", "us", and "our" mean WSFS Financial Corporation and its subsidiaries, on a consolidated basis, unless the context indicates otherwise. Non-GAAP Financial Measures: This presentation contains financial measures determined by methods other than in accordance with accounting principles generally accepted in the United States (“GAAP”). These non-GAAP measures include Core Earnings Per Share (“EPS”), Core Net Income, Core Fee Revenue, Core Fee Revenue ratio, Core Efficiency ratio, Pre-provision Net Revenue (“PPNR”), Core PPNR, PPNR to average assets ratio, Core PPNR to average assets ratio, Core Return on Assets (“ROA”), core net interest income, Core Net Interest Margin (“NIM”), Tangible Common Equity (“TCE”), tangible assets, Return on Average Tangible Common Equity (“ROTCE”), Core ROTCE, Core Fee Revenue, Core Fee Revenue ratio, net tangible income, tangible common book value (“TBV”), coverage ratio including the remaining credit marks, and Effective AOCI. The Company’s management believes that these non-GAAP measures provide a greater understanding of ongoing operations, enhance comparability of results of operations with prior periods and show the effects of significant gains and charges in the periods presented. The Company’s management believes that investors may use these non-GAAP measures to analyze the Company’s financial performance without the impact of unusual items or events that may obscure trends in the Company’s underlying performance. This non-GAAP data should be considered in addition to results prepared in accordance with GAAP, and is not a substitute for, or superior to, GAAP results. For a reconciliation of these non-GAAP measures to their comparable GAAP measures, see the Appendix. Trade names, trademarks and service marks of other companies appearing in this presentation are the property of their respective holders.

3 Financial Highlights Highlights: • Customer Deposits increased $602.8mm in 4Q, resulting in a full-year increase of $607.4mm or 4% • Growth was broad-based; driven by Trust, Consumer, and Commercial • Loans declined $123.1mm in 4Q, resulting in a full-year increase of $442.6mm or 3% • QoQ decline driven by higher seasonal Commercial payoffs and runoff in the Consumer partnership portfolio • 4Q NIM of 3.80% reflects deposit repricing actions and higher noninterest deposits partially offset by lower loan yields • Core Fee Revenue1 of $83.2mm; down 8% QoQ and up 7% YoY • Up 15% YoY when excluding the termination of a Cash Connect® relationship and Spring EQ-related fees1 • Record year in Wealth & Trust, capped by a quarterly record of $40.3mm this quarter 1 These are non-GAAP financial measures and should be considered along with results prepared in accordance with GAAP, and not as a substitute for GAAP results. See Appendix for reconciliation to GAAP financial information. 2 Excludes net income that is attributable to noncontrolling interest Reported Core1 $ in millions (except per share amounts) 4Q24 FY24 4Q24 FY24 EPS $1.09 $4.41 $1.11 $4.39 ROA 1.21% 1.27% 1.24% 1.26% Net Income2 $64.2 $263.7 $65.8 $262.5 PPNR $92.4 $408.7 $94.4 $407.0 ROTCE1 16.17% 17.91% 16.55% 17.83% NIM3 3.80% 3.82% 3.80% 3.82% Fee Revenue %3 31.8% 32.5% 31.8% 32.2% Efficiency Ratio 64.6% 60.9% 63.8% 60.8% ACL Ratio4 1.48% 1.48% 1.48% 1.48% Bank CET1 13.88% 13.88% 13.88% 13.88% 3 Tax-equivalent 4 ACL Ratio excludes HTM securities

4 Up-cycle Deposit Betas3,4 50% 51% 35% 36% 0% 15% 30% 45% 60% 2Q 2024 3Q 2024 De po sit B et a Int-Only Total Net Interest Margin Trends Reflects growing core deposits while maintaining favorable funding costs 1 Includes noninterest and interest-bearing; interest-bearing deposits include demand, money market, savings, and customer time deposits 2 Average total loans yield excludes PAA 3 Deposit betas are based on cumulative customer deposit costs for the up-cycle rate and down-cycle rate (9/24); assumes Fed Funds of 4.50% 4 Betas are the average of the last month in a respective quarter; exit is based on the last business date in a respective quarter • 4Q NIM up 2bps QoQ to 3.80% • Reduced total funding cost by 23bps in 4Q • Benefited from active repricing actions and higher noninterest deposits, partially offset by lower loan yields • Dec’24 Average: NIM of 3.80% and total deposit cost of 1.75% 26% ~35% 22% ~25% 0% 15% 30% 45% 60% 4Q 2024 Dec'24 Exit De po sit B et a Int-Only Total Down-cycle Deposit Betas3,4 1.62% 1.79% 1.89% 1.95% 1.83% 1.83% 1.99% 2.09% 2.15% 1.92% 6.92% 6.95% 7.03% 7.01% 6.72% 2.0% 3.2% 4.4% 5.6% 6.8% 8.0% 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 4Q 2023 1Q 2024 2Q 2024 3Q 2024 4Q 2024 Lo an Y ie ld (% ) Cu st om er D ep os it Co st (% ) Total Deposit Cost Total Funding Cost Total Loans Ex PAA Yield Average Deposit Cost and Loan Yield 1 2

5 Loan Portfolio Highlights • Commercial: New originations remain strong with seasonally higher payoffs • Payoffs include a combination of refinancing activity and property/business sales • Line utilization of 36.5%, down from 38.2% last quarter mainly due to an increase in new C&I commitments • Consumer: Decline due to $44mm decrease in Spring EQ and $25mm in Upstart loans, partially offset by growth in WSFS-originated loans (residential mortgage and relationship-based Consumer products) Mid-single digit loan growth in C&I and CRE with 3% overall loan growth in 2024 1 Includes new loans, existing new funding, paydowns, payoffs, and prior Commercial runoff portfolios. Excludes reclasses, HFS, purchase accounting mark/unearned changes, and Commercial leases 2 C&I loans includes Owner-Occupied Real Estate ($ in millions) Dec 2024 Sept 2024 Dec 2023 QoQ $ Growth Annualized % Growth YoY $ Growth % Growth C & I Loans2 $4,652 $4,661 $4,443 ($9) (1%) $209 5% Commercial Mortgages (CRE) 4,031 4,149 3,801 (118) (11%) 230 6% Construction Loans 832 806 1,036 26 13% (204) (20%) Commercial Leases 648 645 624 3 2% 24 4% Total Commercial Loans $10,163 $10,261 $9,904 ($98) (4%) $259 3% Residential Mortgage (HFS/HFI) 992 965 882 27 11% 110 12% Consumer Loans 2,086 2,138 2,012 (52) (10%) 74 4% Total Gross Loans $13,241 $13,364 $12,798 ($123) (4%) $443 3% EOP Loans - QoQ and YoY $400 $326 $364 $353 $330 ($379) ($241) ($285) ($254) ($441) $(600) $(400) $(200) - $200 $400 $600 4Q23 1Q24 2Q24 3Q24 4Q24 New Loans Fundings Paydown/Payoffs Commercial Portfolio: New Net Loan Fundings ($mm)1

6 Deposit Highlights • $602.8mm (4% not annualized) increase in ending Customer Deposits this quarter • Driven by Trust, Consumer, and Commercial deposits, partially offset by expected declines in Munis • 51% of Customer Deposits are coming from Commercial, Small Business, and Wealth & Trust • Consistently averaging over 30% noninterest deposits Broad-based core deposit growth while actively managing pricing Consumer 48% Commercial 24% Small Business 12% Trust 10% Wealth 5% Other 1% Average Customer Deposits By Business Line 11% 11% 12% 13% 12% 40% 42% 41% 40% 40% 18% 17% 17% 17% 17% 31% 30% 30% 30% 31% 0% 20% 40% 60% 80% 100% 4Q23 1Q24 2Q24 3Q24 4Q24 Noninterest Interest-bearing Savings/MM Time Average Total Customer Deposit Mix ($ in millions) Dec 2024 Sept 2024 Dec 2023 QoQ $ Growth Annualized % Growth YoY $ Growth % Growth Noninterest Demand $4,988 $4,686 $4,917 $302 26% $71 1% Interest-bearing Demand 2,973 2,931 2,936 42 6% 37 1% Savings 1,466 1,489 1,610 (23) (6%) (144) (9%) Money Market 5,472 5,178 5,175 294 23% 297 6% Total Core Deposits $14,899 $14,284 $14,638 $615 17% $261 2% Customer Time Deposits 2,131 2,143 1,784 (12) (2%) 347 19% Total Customer Deposits $17,030 $16,427 $16,422 $603 15% $608 4% EOP Deposits by Product - QoQ and YoY

7 $19 $17 $17 $21 $18 $23 $26 $31 $32 $25 $36 $33 $38 $37 $40 $78 $76 $86 $90 $83 $- $10 $20 $30 $40 $50 $60 $70 $80 $90 $100 4Q 2023 1Q 2024 2Q 2024 3Q 2024 4Q 2024 Co re F ee R ev en ue ($ m m )2 Banking Cash Connect Wealth Management3 Core Fee Revenue1 31.8% Core Fee Revenue ratio with record quarterly fees in Wealth Management 1 This is a non-GAAP financial measure and should be considered along with results prepared in accordance with GAAP, and not as a substitute for GAAP results. See Appendix for reconciliation to GAAP financial information. 2 Tax-equivalent basis 3 Banking includes deposit service charges, SBA loan sales, loan and lease fees, credit and debit revenue, capital markets, mortgage, and other banking related fees Wealth Management: • Institutional Services growth driven by higher paying agent, custody, and verification fees • The Bryn Mawr Trust Company of Delaware grew from new relationships and higher volume Cash Connect®: • Impacted by lower interest rates as well as one relationship that was terminated in 4Q • This relationship reduced 4Q fees by $2.8mm; excluding this termination, Cash Connect® would be down $3.6mm ($2.1mm rate-driven and $1.5mm seasonally lower volume) Banking: • Decline driven by prior quarter’s Spring EQ annual earnout as well as lower Capital Markets and Mortgage fees ®

8 3 Commercial Loan Composition1 1 As defined by the North American Industry Classification System (NAICS) 2 Based on the underlying real estate collateral 3 Concentration limits are based on relationship exposure, and Tier-1 + ACL; as of December 31, 2024 2 Highly diversified C&I, Owner-Occupied, CRE, and Construction Portfolios C&I and Owner-Occupied $4.7 billion CRE and Construction2 $4.9 billion Hotels, 13% Other Services (except Public Admin), 11% Healthcare & Social Assistance, 9% Construction, 9% Manufacturing, 7% Real Estate Rental and Leasing, 5% Retail Trade, 7% Finance & Insurance, 9% Professional, Science & Tech., 5% Food Services, 5% Wholesale Trade, 4% Other, 16% Retail, 29% Residential Multifamily, 29% Office, 14% Flex, Warehouse, Self-Storage, General Industrial, 9% Residential 1-4, 11% Special Use & Other, 6% Medical Office, 2% • 22 distinct concentration limits3 • All in compliance • House limit of $100mm • No relationships > limit • 13 relationships over $50mm4 • <7% gross loans • CRE & Const./Tier 1 Capital + ACL: 199% • CRE & Const.: 36.7% of gross loans • Office5: 5.2% of gross loans • Multifamily: 10.8% of gross loans • Construction: 6.3% of gross loans Concentration Statistics 4 Based on relationship’s outstanding balances 5 Office portfolio includes a $18.8mm C&I loan, in participation with another bank, to a fund that is invested in office properties predominantly in East Coast suburban markets

9 $0.0 $0.1 $0.2 $0.3 $0.4 $0.5 $0.6 2025 2026 2027 2028 2029 Bi lli on s Volume of Maturing CRE Loans by Industry Office Multi-Family Industrial/Flex Retail Resi 1-4 Other CRE and Select Portfolios 1 Inclusive of Construction 2 Includes a $18.8mm C&I loan, in participation with another bank, to a fund that is invested in office properties predominantly in East Coast suburban markets 3 Office CRE portfolio excludes $97.1mm ($98.6mm exposure) of Medical Office CRE/Construction 4 Central Business District CRE Portfolio: • Granular with an average loan of $1.2mm; 9 relationships over $50mm • ~81% of the portfolio effectively has a fixed rate (~38% of the portfolio fixed with ~70% of the variable rate portfolio swapped) • Continually reviewing $2.5mm+ loans maturing in the next 24 months • ~$125mm of loans maturing in 2025 and ~$100mm in 2026 have a DSCR below 1.05x in a 7.50% interest rate scenario; proactively addressing all maturing loans • $689mm with $711mm exposure3; 5.2% of gross loans • $1.8mm average loan size • 78% Suburban and 22% Urban; 7% of Office is in CBD4 • 15 loans over $10mm; 3 loans >$20mm (largest ~$27mm) • Average LTV of ~60% at origination • 0% DLQ; 0% NCO; 2.7% NPA; 14% problem loans • 81% with recourse Office Portfolio1,2 • $1.4bn with $1.7bn exposure; 10.8% of gross loans • $3.0mm average loan size • 51% Suburban and 49% Urban; 6% of CRE Multifamily is in CBD4 • 23 loans over $20mm; largest loan ~$33mm • Average LTV of ~56% at origination • 2.3% DLQ; 0% NCO; <2% NPA; 7% problem loans • 88% with recourse Multifamily Portfolio1 13.7% 8.5% 11.0% 10.9% 13.3% Portfolio Maturity %

10 Asset Quality Metrics Problem Assets Nonperforming Assets (NPA) Delinquencies (DLQ) Net Charge-offs (NCO) $556 $573 $629 $722 $645 4.34% 4.41% 4.76% 5.40% 4.87% 0.0% 1.2% 2.4% 3.6% 4.8% 6.0% $300 $400 $500 $600 $700 $800 4Q23 1Q24 2Q24 3Q24 4Q24 M ill io ns Problem Assets % of Gross Loans $102 $105 $89 $148 $122 0.80% 0.81% 0.68% 1.11% 0.92% 0.0% 0.3% 0.6% 0.9% 1.2% 1.5% $0 $25 $50 $75 $100 $125 $150 $175 $200 4Q23 1Q24 2Q24 3Q24 4Q24 M ill io ns Delinquencies % of Gross Loans $8 $3 $9 $14 $6 $5 $5 $5 $4 $4 $1 $1 $1 $1 $1 0.46% 0.27% 0.44% 0.58% 0.31% 0.0% 0.1% 0.2% 0.3% 0.4% 0.5% 0.6% $0 $4 $8 $12 $16 $20 $24 $28 4Q23 1Q24 2Q24 3Q24 4Q24 M ill io ns Commercial Upstart Consumer % of Avg. Gross Loans $76 $67 $65 $91 $127 0.37% 0.33% 0.32% 0.44% 0.61% 0.0% 0.1% 0.2% 0.3% 0.4% 0.5% 0.6% 0.7% $0 $25 $50 $75 $100 $125 $150 4Q23 1Q24 2Q24 3Q24 4Q24 M ill io ns Nonperforming Assets % of Total Assets • Problem Assets: Decreased 53bps QoQ • 16bps driven by the full payoff of a large loan; remainder driven by upgrades • NPA: Increased 17bps QoQ • Primarily due to migration of one relationship in land and multifamily construction • NCO: Decreased 27bps QoQ • 20bps NCO excluding Upstart • Upstart expected to continue to decline as the portfolio runs off 4Q 2024 Performance 1 Includes NewLane 1 FY24 Commercial1 NCO: 24bps

11 ACL Ratio $165 $175 $185 $195 $205 9/30/2024 Net Loan Growth (ex. Upstart) Migration / NCOs / Other Upstart 12/31/2024 4Q 2024 ACL ($mm) $5 ($3) $195 ($4) 1 This is a non-GAAP financial measures and should be considered along with results prepared in accordance with GAAP, and not as a substitute for GAAP results. See Appendix for reconciliation to GAAP financial information 2 Includes a $18.8mm C&I loan, in participation with another bank, to a fund that is invested in office properties predominantly in East Coast suburban markets ACL Overview ACL and Coverage Ratio by Segment 4Q 2024 ACL Commentary 1.48% • ACL coverage ratio of 1.48%; 1.62% including estimated remaining credit mark on acquired loan portfolios1 • Upstart runoff partially offset by increased draw activity in Construction and one large downgrade to criticized in C&I • CRE Office portfolio ACL of 3.02%2 • FY GDP forecast of 2.6% in 2025 and 2.7% in 20263 • FY Unemployment forecast of 4.3% in 2025 and 4.0% in 202631.48% 1.31% 1.92% 1.48% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% 3.50% 4Q18 4Q19 4Q20 4Q21 4Q22 4Q23 4Q24 ACL % By Portfolio and Total4 Commercial Consumer and Leasing Total ACL% 6 3 Source: Oxford Economics as of December 2024 4 Percentages are over amortized cost of loans and leases (excluding HTM securities) 5 Hotel loan balances are included in the C&I and Construction segments 6 Commercial excludes Leasing $197 ($ millions) $ % $ % $ % C&I5 $49.4 1.95% $56.8 2.15% $57.1 2.15% Owner Occupied - R/E $10.7 0.57% $9.8 0.49% $9.1 0.46% CRE Investor $36.1 0.95% $49.0 1.18% $49.0 1.21% Construction5 $10.8 1.04% $8.3 1.04% $9.2 1.10% Resi Mortgage $5.5 0.63% $5.5 0.58% $5.6 0.58% Leases $15.2 2.43% $15.4 2.38% $16.0 2.47% HELOC & HEIL $8.4 1.27% $9.5 1.31% $10.0 1.33% Consumer Partnerships $47.2 4.01% $40.4 3.19% $36.5 3.06% Other $2.8 1.84% $2.8 1.95% $2.8 1.94% TOTAL $186.1 1.46% $197.5 1.48% $195.3 1.48% December 31, 2023 September 30, 2024 December 31, 2024

12 Investment Portfolio High-quality investment portfolio providing consistent cash flows and borrowing capacity 1 Investment portfolio value includes market value AFS and book value of HTM 2 Weighted average duration and yield of the MBS portfolio 3 This is a non-GAAP financial measure and should be considered along with results prepared in accordance with GAAP, and not as a substitute for GAAP results. See Appendix for reconciliation to GAAP financial information 4 Effective AOCI ($733.8mm) AFS and unrecognized fair value of HTM as of December 31, 2024 ; assumes all securities, including HTM, are sold at market prices; reported AOCI of ($624.9mm) • Targeting 18% - 20% of total assets over time • Forecasting P&I cash flows of $1bn+ over the next 24 months • Anticipated cash flows could fund ~3.5% annualized loan growth • Reported AOCI grew $124.9mm or 25.0% quarter-over-quarter Investments Investment Portfolio1 $4.53bn % of Total Assets 22% Portfolio Duration2 5.9yrs Portfolio Yield2 2.33% Agency MBS/Notes % >95% Reported AOCI ($624.9mm) Effective AOCI3,4 ($733.8mm) AFS Agency MBS Agency CMOs GNMA MBS/CMOs Agency Debent. HTM Agency MBS Munis $3.51bn $1.02bn $594 $637 $643 $500 $625 $0 $100 $200 $300 $400 $500 $600 $700 4Q23 1Q24 2Q24 3Q24 4Q24 M ill io ns Reported AOCI Trend

13 -$10.58 $27.30 -$20 -$10 $0 $10 $20 $30 $40 4Q20 2Q21 4Q21 2Q22 4Q22 2Q23 4Q23 2Q24 4Q24 TBV and AOCI per Share AOCI/share TBV/share 10.03% 9.64% 11.36% 8.08% 3.85% 1.39% 3.77% 1.61% 13.88% 11.03% 15.13% 9.69% 0% 4% 8% 12% 16% Bank CET1 Bank Leverage Bank TRBC Corp. TCE Effective AOCI Well-capitalized Reported Capital All capital ratios remain above “well-capitalized”; TBV impacted by AOCI 4Q24 Capital Ratios including Effective AOCI1 Impact 1 Effective AOCI ($733.8mm) includes AFS and unrecognized fair value of HTM as of December 31, 2024; reported AOCI of ($624.9mm) 2 This is a non-GAAP financial measure and should be considered along with results prepared in accordance with GAAP, and not as a substitute for GAAP results. See Appendix for reconciliation to GAAP financial information 2 • $27.30 TBV per share includes a negative impact of $10.58 per share related to Reported AOCI1 • 12% YoY growth in TBV • Effective AOCI represents the impact of a full liquidation of the investment portfolio • Corp. TCE increases 1.61% to 9.69%, when considering Effective AOCI 2

14 3 2025 Outlook Loan Growth Mid-single digit growth in Commercial Consumer flat due to Partnership portfolio runoff Deposit Growth Low-single digit growth Broad-based growth across our businesses Net Interest Margin +/-3.80% IB deposit beta of ~40% by year-end Fee Revenue Growth Mid-single digit growth Double-digit growth in Wealth & Trust Net Charge-offs 0.35% - 0.45% of average loans ~5bps related to Upstart Efficiency Ratio +/-60% Continued franchise investment Tax Rate Approximately 24% Full-Year Core ROA1 Outlook of +/-1.25%; Continuing to deliver high-performance and growth 1 The Company is not able to reconcile the forward-looking non-GAAP estimates set forth above to their most directly comparable GAAP estimates without unreasonable efforts because it is unable to predict, forecast or determine the probable significance of the items impacting these estimates with a reasonable degree of accuracy2 2 Assumes one 25bp rate cut in June and FY GDP of 2.6% in 2025 2025 Core Outlook1

15 Non-GAAP Financial Information Appendix:

16 Non-GAAP Information This presentation contains financial measures determined by methods other than in accordance with accounting principles generally accepted in the United States (GAAP). This presentation may include the following non-GAAP measures: • Adjusted Net Income (non-GAAP) attributable to WSFS is a non-GAAP measure that adjusts net income determined in accordance with GAAP to exclude the realized/unrealized gains (losses) on equity investments, net, Visa derivative valuation adjustment, FDIC special assessment, corporate development and restructuring expense, remeasurement of lease liability, and contribution to WSFS CARES Foundation; • Core noninterest income, also called Core Fee Revenue, is a non-GAAP measure that adjusts noninterest income as determined in accordance with GAAP to exclude the impact of realized/unrealized gains (losses) on equity investments, net, and Visa derivative valuation adjustment; • Core fee revenue ratio (%) is a non-GAAP measure that divides (i) Core Fee Revenue by (ii) Core Net Revenue (tax-equivalent); • Adjusted core fee revenue is a non-GAAP measure that adjusts core fee revenue to exclude (i) the termination of a Cash Connect® relationship and (ii) Spring EQ-related fees; • Core net interest income is a non-GAAP measure that adjusts net interest income to exclude the impact of certain dividends; • Core Earnings Per Share (EPS) is a non-GAAP measure that divides (i) Adjusted Net Income (non-GAAP) attributable to WSFS by (ii) weighted average shares of common stock outstanding for the applicable period; • Core Net Revenue is a non-GAAP measure that adds (i) core net interest income and (ii) Core Fee Revenue; • Core noninterest expense is a non-GAAP measure that adjusts noninterest expense as determined in accordance with GAAP to exclude FDIC special assessment, corporate development and restructuring expenses, remeasurement of lease liability, and contribution to WSFS CARES Foundation; • Core Efficiency Ratio is a non-GAAP measure that divides (i) core noninterest expense by (ii) the sum of core interest income and Core Fee Revenue; • Core Return on Average Assets (ROA) is a non-GAAP measure that divides (i) Adjusted Net Income (non-GAAP) attributable to WSFS by (ii) average assets for the applicable period; • Effective AOCI is a non-GAAP measure that adds (i) unrealized losses on AFS securities, (ii) unrealized holding losses on securities transferred from AFS to HTM, and (iii) unrecognized fair value losses on HTM securities; • Tangible Common Equity (TCE) is a non-GAAP measure and is defined as total stockholders’ equity of WSFS less goodwill and other intangible assets; • TCE Ratio is a non-GAAP measure that divides (i) TCE by (ii) tangible assets; • TCE Ratio including effective AOCI is a non-GAAP measure that adjusts the TCE Ratio to include the impact if the Company were to liquidate its investment securities portfolio; • Tangible assets is a non-GAAP measure and is defined as total assets less goodwill and other intangible assets; • Adjusted tangible assets is a non-GAAP measure that adjusts tangible assets to include the impact of the liquidation of our investment securities portfolio; • Return on average tangible common equity (ROTCE) is a non-GAAP measure and is defined as net income allocable to common stockholders divided by tangible common equity; • Core ROTCE is a non-GAAP measure that is defined as adjusted net income (non-GAAP) attributable to WSFS divided by tangible common equity; • Net tangible income is a non-GAAP measure that adjusts net income determined in accordance with GAAP to exclude the impact of the amortization of intangible assets; • Core net tangible income is a non-GAAP measure that adjusts adjusted net income (non-GAAP) attributable to WSFS to exclude the impact of the amortization of intangible assets; • Tangible common book value per share (TBV) is a non-GAAP financial measure that divides (i) TCE by (ii) shares outstanding; • Pre-provision Net Revenue (PPNR) is a non-GAAP measure that adjusts net income determined in accordance with GAAP to exclude the impacts of (i) income tax provision and (ii) provision for credit losses; • Core PPNR is a non-GAAP measure that adjusts PPNR to exclude the impact of realized/unrealized gain (losses) on equity investments, net, Visa derivative valuation adjustment, FDIC special assessment, corporate development and restructuring expenses, remeasurement of lease liability, and contribution to WSFS CARES Foundation; • PPNR % is a non-GAAP measure that divides (i) PPNR (annualized) by (ii) average assets for the applicable period; • Core PPNR % is a non-GAAP measure that divides (i) core PPNR (annualized) by (ii) average assets for the applicable period; and • Core Return on Average Equity (ROE) is a non-GAAP measure that divides (i) Adjusted Net Income (non-GAAP) attributable to WSFS by (ii) average stockholders’ equity for the applicable period. • Coverage ratio including the remaining credit marks is a non-GAAP measure that adjusts the coverage ratio to include the impact of the remaining credit marks on the acquired loan portfolios.

17 Appendix: Non-GAAP Financial Information Three Months Ended For the Year Ended (dollars in thousands) December 31, 2024 September 30, 2024 December 31, 2023 December 31, 2024 Net interest income (GAAP) $ 178,207 $ 177,504 $ 178,127 $ 705,438 Core net interest income (non-GAAP) $ 178,207 $ 177,504 $ 178,127 $ 705,438 Noninterest income (GAAP) $ 83,307 $ 90,158 $ 87,205 $ 340,920 Less: Unrealized gain on equity investments, net — — 338 — Less: Realized gain on sale of equity investment, net 123 56 9,493 2,309 Less/(plus): Visa derivative valuation adjustment — — (605) 2,829 Core fee revenue (non-GAAP) $ 83,184 $ 90,102 $ 77,979 $ 335,782 Core net revenue (non-GAAP) $ 261,391 $ 267,606 $ 256,106 $ 1,041,220 Core net revenue (non-GAAP) (tax-equivalent) $ 261,811 $ 267,991 $ 256,523 $ 1,042,785 Noninterest expense (GAAP) $ 169,126 $ 163,723 $ 147,646 $ 637,689 Less: FDIC special assessment — — 5,052 880 Less: Corporate development expense 61 46 282 473 Less: Restructuring expense 2,193 — 557 2,193 Plus: Remeasurement of lease liability (112) — — (112) Less: Contribution to WSFS CARES Foundation — — 2,000 — Core noninterest expense (non-GAAP) $ 166,984 $ 163,677 $ 139,755 $ 634,255 Core efficiency ratio (non-GAAP) 63.8 % 61.1 % 54.5 % 60.8 % Core fee revenue ratio (non-GAAP)(tax-equivalent) 31.8 % 33.6 % 30.4 % 32.2 % End of Period (dollars in thousands, except per share data) December 31, 2024 September 30, 2024 December 31, 2023 Calculation of tangible common equity ratio: Total Assets (GAAP) $ 20,814,303 $ 20,905,209 $ 20,594,672 Less: Goodwill and other intangible assets 988,160 992,163 1,004,560 Total tangible assets (non-GAAP) $ 19,826,143 $ 19,913,046 $ 19,590,112 Total stockholders’ equity of WSFS (GAAP) $ 2,589,752 $ 2,678,264 $ 2,477,636 Less: Goodwill and other intangible assets 988,160 992,163 1,004,560 Total tangible common equity (non-GAAP) $ 1,601,592 $ 1,686,101 $ 1,473,076 Equity to asset ratio (GAAP) 12.44 % 12.81 % 12.03 % Tangible common equity to tangible assets ratio (non-GAAP) 8.08 % 8.47 % 7.52 %

18 Appendix: Non-GAAP Financial Information Three Months Ended For the Year Ended (dollars in thousands, except per share data) December 31, 2024 September 30, 2024 December 31, 2023 December 31, 2024 GAAP net income attributable to WSFS $ 64,202 $ 64,435 $ 63,908 $ 263,671 Plus/(less): Pre-tax adjustments1 2,019 (10) (1,335) (1,704) Plus: Tax adjustments: BOLI surrender — — 7,056 — (Plus)/less: Tax impact of pre-tax adjustments (445) 2 65 485 Adjusted net income (non-GAAP) attributable to WSFS $ 65,776 $ 64,427 $ 69,694 $ 262,452 Net income (GAAP) $ 64,155 $ 64,409 $ 63,505 $ 263,495 Plus: Income tax provision 20,197 21,108 29,365 83,764 Plus: Provision for credit losses 8,036 18,422 24,816 61,410 PPNR (Non-GAAP) 92,388 103,939 117,686 408,669 Plus/(less): Pre-tax adjustments1 2,019 (10) (1,335) (1,704) Core PPNR (Non-GAAP) $ 94,407 $ 103,929 $ 116,351 $ 406,965 GAAP return on average assets (ROA) 1.21 % 1.22 % 1.25 % 1.27 % Plus/(less): Pre-tax adjustments1 0.04 — (0.03) (0.01) Plus: Tax adjustments: BOLI surrender — — 0.14 — (Plus)/less: Tax impact of pre-tax adjustments (0.01) — — — Core ROA (non-GAAP) 1.24 % 1.22 % 1.36 % 1.26 % Earnings per share (diluted)(GAAP) $ 1.09 $ 1.08 $ 1.05 $ 4.41 Plus/(less): Pre-tax adjustments1 0.03 — (0.02) (0.03) Plus: Tax adjustments: BOLI surrender — — 0.12 — (Plus)/less: Tax impact of pre-tax adjustments (0.01) — — 0.01 Core earnings per share (non-GAAP) $ 1.11 $ 1.08 $ 1.15 $ 4.39 1 Pre-tax adjustments include realized/unrealized gains on equity investments, net, Visa derivative valuation adjustment, FDIC special assessment, corporate development and restructuring expense, remeasurement of lease liability, and contribution to WSFS CARES Foundation

19 Appendix: Non-GAAP Financial Information Three Months Ended For the Year Ended (dollars in thousands) December 31, 2024 September 30, 2024 December 31, 2023 December 31, 2024 Calculation of return on average tangible common equity: GAAP net income attributable to WSFS $ 64,202 $ 64,435 $ 63,908 $ 263,671 Plus: Tax effected amortization of intangible assets 2,965 2,949 2,976 11,893 Net tangible income (non-GAAP) $ 67,167 $ 67,384 $ 66,884 $ 275,564 Average stockholders' equity of WSFS $ 2,643,325 $ 2,575,182 $ 2,281,076 $ 2,535,737 Less: Average goodwill and intangible assets 990,762 994,818 1,007,136 996,899 Net average tangible common equity (non-GAAP) $ 1,652,563 $ 1,580,364 $ 1,273,940 $ 1,538,838 Return on average equity (GAAP) 9.66 % 9.95 % 11.12 % 10.40 % Return on average tangible common equity (non-GAAP) 16.17 % 16.96 % 20.83 % 17.91 % Calculation of core return on average tangible common equity: Adjusted net income (non-GAAP) attributable to WSFS $ 65,776 $ 64,427 $ 69,694 $ 262,452 Plus: Tax effected amortization of intangible assets 2,965 2,949 2,976 11,893 Core net tangible income (non-GAAP) $ 68,741 $ 67,376 $ 72,670 $ 274,345 Net average tangible common equity (non-GAAP) $ 1,652,563 $ 1,580,364 $ 1,273,940 $ 1,538,838 Core return on average equity (non-GAAP) 9.90 % 9.95 % 12.12 % 10.35 % Core return on average tangible common equity (non-GAAP) 16.55 % 16.96 % 22.63 % 17.83 % Three Months Ended (dollars in thousands) December 31, 2024 September 30, 2024 December 31, 2023 Calculation of adjusted core fee revenue: Core fee revenue (non-GAAP) $ 83,184 $ 90,102 $ 77,979 Plus: Termination of Cash Connect® relationship 2,818 — — Less: Spring EQ-related fees — — 3,504 Adjusted core fee revenue (non-GAAP) $ 86,002 $ 90,102 $ 74,475

20 Appendix: Non-GAAP Financial Information Three Months Ended (dollars in thousands) December 31, 2024 Calculation of effective AOCI: Unrealized losses on AFS securities $ 537,790 Unrealized losses on securities transferred from AFS to HTM 76,405 Unrecognized fair value on HTM securities 119,651 Effective AOCI (non-GAAP) $ 733,846 Three Months Ended (dollars in thousands) December 31, 2024 Calculation of coverage ratio including the estimated remaining credit marks: Coverage ratio 1.48 % Plus: Estimated remaining credit marks on the acquired loan portfolios 0.14 Coverage ratio including the estimated remaining credit marks (non-GAAP) 1.62 % Three Months Ended (dollars in thousands) December 31, 2024 September 30, 2024 June 30, 2024 March 31, 2024 December 31, 2023 Calculation of core fee revenue: Noninterest income (GAAP) $ 83,307 $ 90,158 $ 91,598 $ 75,857 $ 87,205 Less: Unrealized gains on equity investment — — — — 338 Less: Realized gain on sale of equity investment 123 56 2,130 — 9,493 Less/(plus): Visa B Valuation Adjustment — — 3,434 (605) (605) Core fee revenue (non-GAAP) $ 83,184 $ 90,102 $ 86,034 $ 76,462 $ 77,979 Three Months Ended (dollars in thousands) December 31, 2024 Calculation of adjusted tangible common equity to tangible assets ratio (non-GAAP) Total tangible assets (non-GAAP) $ 19,826,143 Less: Investment securities, AFS & HTM 4,525,809 Total adjusted tangible assets (non-GAAP) $ 15,300,334 Total tangible common equity (non-GAAP) $ 1,601,592 Less: Unrecognized fair value on HTM securities 119,651 Total adjusted tangible common equity (non-GAAP) $ 1,481,941 Tangible common equity to tangible assets ratio (non- GAAP) 8.08 % Tangible common equity to tangible assets ratio including effective AOCI (non-GAAP) 9.69 %

21 Appendix: Non-GAAP Financial Information (dollars in thousands, except per share data) December 31, 2024 September 30, 2024 June 30, 2024 March 31, 2024 December 31, 2023 September 30, 2023 June 30, 2023 March 31, 2023 December 31, 2022 Calculation of tangible common book value per share: Total stockholders’ equity of WSFS (GAAP) $ 2,589,752 $ 2,678,264 $ 2,489,580 $ 2,473,481 $ 2,477,636 $ 2,242,795 $ 2,314,659 $ 2,306,362 $ 2,205,113 Less: Goodwill and other intangible assets 988,160 992,163 996,181 1,000,344 1,004,560 1,008,472 1,004,278 1,008,250 1,012,232 Total tangible common equity (non-GAAP) 1,601,592 1,686,101 1,493,399 1,473,137 1,473,076 1,234,323 1,310,381 1,298,112 1,192,881 Shares outstanding (000s) 58,657 59,033 59,261 60,084 60,538 60,728 61,093 61,387 61,612 Tangible common book value per share (non-GAAP) $ 27.30 $ 28.56 $ 25.20 $ 24.52 $ 24.33 $ 20.33 $ 21.45 $ 21.15 $ 19.36 (dollars in thousands, except per share data) September 30, 2022 June 30, 2022 March 31, 2022 December 31, 2021 September 30, 2021 June 30, 2021 March 31, 2021 December 31, 2020 Calculation of tangible common book value per share: Total stockholders’ equity of WSFS (GAAP) $ 2,103,593 $ 2,315,360 $ 2,520,463 $ 1,939,099 $ 1,908,895 $ 1,884,054 $ 1,770,641 $ 1,791,726 Less: Goodwill and other intangible assets 1,016,413 1,019,857 1,032,189 547,231 549,352 551,951 554,701 557,386 Total tangible common equity (non-GAAP) 1,087,180 1,295,503 1,488,274 1,391,868 1,359,543 1,332,103 1,215,940 1,234,340 Shares outstanding (000s) 61,949 63,587 64,735 47,609 47,548 47,535 47,502 47,756 Tangible common book value per share (non-GAAP) $ 17.55 $ 20.37 $ 22.99 $ 29.24 $ 28.59 $ 28.02 $ 25.60 $ 25.85

COVER PAGE	Jan. 27, 2025
Cover [Abstract]
Document Type	8-K
Document Period End Date	Jan. 27, 2025
Entity Registrant Name	WSFS Financial Corporation
Entity Incorporation, State or Country Code	DE
Entity File Number	001-35638
Entity Tax Identification Number	22-2866913
Entity Address, Address Line One	500 Delaware Ave
Entity Address, City or Town	Wilmington
Entity Address, State or Province	DE
Entity Address, Postal Zip Code	19801
City Area Code	302
Local Phone Number	792-6000
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	WSFS
Security Exchange Name	NASDAQ
Entity Emerging Growth Company	false
Amendment Flag	false
Entity Central Index Key	0000828944