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WSFS Financial Corporation operates as the savings and loan holding company for the Wilmington Savings Fund Society, FSB that provides various banking services in the United States. It operates through WSFS Bank, Cash Connect, and Wealth and Trust segments. The company offers deposit products, including noninterest-bearing demand deposits, money market, and interest-bearing demand deposits, as well as certificates of deposit and jumbo certificates of deposit. It also provides loans, such as commercial and industrial loans, commercial mortgage loans, and construction and land development loans, as well as residential and consumer loans comprising residential mortgage, equity secured lines and loans, installment loans, unsecured lines of credit, originated education loans, and previously acquired education loans. In addition, the company offers ATM vault cash, smart safe and cash logistics services, planning and advisory services, investment management, and personal and institutional trust services. WSFS Financial Corporation was founded in 1832 and is headquartered in Wilmington, Delaware.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $1.1B | - | $287M | $214M | 10.5% | 1.8% | 9.0% |
| 2024 | $1.0B | - | $264M | $206M | 10.2% | 3.1% | -2.0% |
| 2023 | $1.0B | - | $269M | $231M | 10.9% | 10.0% | 21.0% |
| 2022 | $923M | - | $222M | $472M | 10.1% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 923.02 | 1,014.98 | 1,046.36 | 1,065.60 |
| Operating Revenue | - | 923.02 | 1,014.98 | 1,046.36 | 1,065.60 |
| Selling General And Administration | - | 297.23 | 307.89 | 351.77 | 375.56 |
| Interest Income | - | 703.82 | 976.52 | 1,063.58 | 1,019.69 |
| Interest Expense | - | 40.92 | 251.42 | 358.14 | 293.60 |
| Net Interest Income | - | 662.89 | 725.10 | 705.44 | 726.09 |
| Pretax Income | - | 300.61 | 365.27 | 347.26 | 380.61 |
| Tax Provision | - | 77.96 | 96.24 | 83.76 | 93.36 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -16.89 | -2.31 | -0.86 | -0.39 |
| Net Income Continuous Operations | - | 222.65 | 269.02 | 263.50 | 287.25 |
| Net Income From Continuing And Discontinued Operation | - | 222.38 | 269.16 | 263.67 | 287.35 |
| Net Income From Continuing Operation Net Minority Interest | - | 222.38 | 269.16 | 263.67 | 287.35 |
| Net Income | - | 222.38 | 269.16 | 263.67 | 287.35 |
| Net Income Common Stockholders | - | 222.38 | 269.16 | 263.67 | 287.35 |
| Net Income Including Noncontrolling Interests | - | 222.65 | 269.02 | 263.50 | 287.25 |
| Normalized Income | - | 270.70 | 275.64 | 266.38 | 288.56 |
| Diluted NI Availto Com Stockholders | - | 222.38 | 269.16 | 263.67 | 287.35 |
| Basic Average Shares | - | 61.61 | 60.54 | 58.66 | 53.41 |
| Diluted Average Shares | - | 63.66 | 61.22 | 59.74 | 56.47 |
| Reconciled Depreciation | - | 60.54 | 48.60 | 39.70 | 37.64 |
| Total Unusual Items | - | -65.22 | -8.80 | -3.57 | -1.60 |
| Total Unusual Items Excluding Goodwill | - | -65.22 | -8.80 | -3.57 | -1.60 |
| Minority Interests | - | -0.27 | 0.13 | 0.18 | 0.10 |
| Special Income Charges | - | -65.22 | -8.80 | -3.57 | -1.60 |
| Gain On Sale Of Business | - | - | 0 | 0 | 0.39 |
| Other Special Charges | -15 | - | 5.10 | 0.90 | - |
| Restructuring And Mergern Acquisition | - | 65.22 | 3.70 | 2.67 | 0.49 |
| Gain On Sale Of Security | - | 5.98 | 9.82 | 2.31 | -3.10 |
| General And Administrative Expense | - | 290 | 299.98 | 343.95 | 367.12 |
| Other Gand A | 14.07 | - | - | - | - |
| Salaries And Wages | - | 283.90 | 289.19 | 332.68 | 356.83 |
| Insurance And Claims | - | 6.10 | 10.79 | 11.27 | 10.29 |
| Selling And Marketing Expense | - | 7.23 | 7.91 | 7.82 | 8.44 |
| Occupancy And Equipment | - | 81.88 | 84.43 | 85.32 | 88.50 |
| Professional Expense And Contract Services Expense | - | 18.50 | 21.20 | 20.16 | 21.27 |
| Other Non Interest Expense | - | 111.19 | 139.06 | 176.44 | 149.07 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| WSFS Financial Corporationthis co. | WSFS | $3.7B | 12.89↓ discount | 1.35 | 10.5% | - |
| Cathay General Bancorp | CATY | $3.9B | 12.38 | 1.33 | 10.8% | - |
| Independent Bank Corp. | INDB | $3.8B | 18.52 | 1.07 | 5.8% | - |
| Cohen & Steers, Inc. | CNS | $3.8B | 24.67 | 6.73 | 27.3% | 17.84 |
| First BanCorp. | FBP | $3.8B |
| - |
| - |
| - |
| - |
| - |
| - |
| 10.90 |
| 1.91 |
| 17.5% |
| - |
| Renasant Corporation | RNST | $3.7B | 20.64 | 0.96 | 4.7% | - |
| BancFirst Corporation | BANF | $3.7B | 15.37 | 1.99 | 13.0% | - |
| Bread Financial Holdings, Inc. | BFH | $3.7B | 7.11 | 1.11 | 15.6% | 4.25 |
| CVB Financial Corp. | CVBF | $3.6B | 17.23 | 1.57 | 9.1% | - |
| Peer Median | - | 16.30 | 1.45 | 11.9% | 11.05 | |