For the year ending 2025-12-31.
| Income Statement | 2025-12-31 | 2024-12-31 | ||
|---|---|---|---|---|
| Noninterest income-Credit And Debit Card | 72,343 | - | ||
| Noninterest income-Financial Service | 169,454 | - | ||
| Noninterest income-Deposit Account | 27,528 | - | ||
| Noninterest income-Mortgage Banking | 8,359 | - | ||
| Noninterest income-Service Other | 58,246 | - | ||
| Noninterest income | - | 327,206 | ||
| Loan and lease fee income | 7,068 | 6,681 | ||
| Bank owned life insurance income | - | 4,724 | ||
| Unrealized (loss) gain on equity investments, net | -4,057 | - | ||
| Realized gain on sale of equity investment, net | 957 | 2,309 | ||
| Total non interest income | 339,898 | 340,920 | ||
| Interest and fees on loans and leases | 863,254 | 918,381 | ||
| Interest on mortgage-backed securities | 98,004 | 102,024 | ||
| Taxable | 2,798 | 2,798 | ||
| Tax-exempt | 5,924 | 5,941 | ||
| Other interest income | 49,708 | 34,438 | ||
| Total interest income | 1,019,688 | 1,063,582 | ||
| Interest on deposits | 278,260 | 308,676 | ||
| Interest on federal home loan bank advances | 3,453 | 2,967 | ||
| Interest on senior and subordinated debt | 5,772 | 9,690 | ||
| Interest on trust preferred borrowings | 6,048 | 6,910 | ||
| Interest on federal funds purchased | 2 | 343 | ||
| Interest on other borrowings | 66 | 29,558 | ||
| Total interest expense | 293,601 | 358,144 | ||
| Net interest income | 726,087 | 705,438 | ||
| Provision for credit losses | 49,206 | 61,410 | ||
| Net interest income after provision for (recovery of) credit losses | 676,881 | 644,028 | ||
| Salaries, benefits and other compensation | 356,831 | 332,682 | ||
| Occupancy expense | 35,560 | 37,579 | ||
| Equipment expense | 52,940 | 47,744 | ||
| Professional fees | 21,271 | 20,164 | ||
| Data processing and operations expenses | 19,945 | 18,281 | ||
| Marketing expense | 8,437 | 7,824 | ||
| Fdic expenses | 10,294 | 12,166 | ||
| Loss on early extinguishment of debt | -1,503 | - | ||
| Loan workout and other credit costs | 2,975 | 2,123 | ||
| Corporate development expense | -44 | 473 | ||
| Restructuring expense | 532 | 2,193 | ||
| Other operating expense | 125,923 | 156,460 | ||
| Total non interest expenses | 636,167 | 637,689 | ||
| Income before taxes | 380,612 | 347,259 | ||
| Income tax provision | 93,363 | 83,764 | ||
| Net income | 287,249 | 263,495 | ||
| Less net (loss) income attributable to noncontrolling interest | -100 | -176 | ||
| Net income attributable to wsfs | 287,349 | 263,671 | ||
| Basic EPS | 5.11 | 4.43 | ||
| Diluted EPS | 5.09 | 4.41 | ||
| Basic Average Shares | 56,276,000 | 59,547,000 | ||
| Diluted Average Shares | 56,471,000 | 59,739,000 | ||
WSFS FINANCIAL CORP (WSFS)
WSFS FINANCIAL CORP (WSFS)