earnings
confidence high
sentiment positive
materiality 0.70
WSFS 3Q26 EPS $1.75, up 28% YoY; ROA 1.58%, NIM 3.88%, wealth and trust fees +30%
WSFS FINANCIAL CORP
- Diluted EPS $1.75 vs $1.37 in 3Q25 (+28%); net income attributable to WSFS $89.3M, up from $76.4M a year earlier.
- Total net revenue $287.6M vs $270.5M in 3Q25; net interest income $196.6M and fee revenue $91.0M, or 31.6% of revenue.
- Net interest margin 3.88%; ROA 1.58% and ROE 13.0%, versus 1.44% and 11.3% in 3Q25 and 1.52%/12.4% in 2Q26.
- Provision for credit losses rose to $8.4M from $6.6M YoY and $5.0M in 2Q26; noninterest expense fell to $161.6M from $163.1M.
- Efficiency ratio improved to 56.1% from 60.2% YoY; pre-provision net revenue $126.0M vs $107.4M; wealth and trust fees up 30% YoY.