WSFS Financial Corporation (NASDAQ:WSFS) Q3 2022 Earnings Conference Call October 25, 2022 1:00 PM ET Company Participants Dominic Canuso - CFO Art Bacci - Chief Wealth Officer Rick Wright - Chief Retail Banking Officer Conference Call Participants Frank Schiraldi - Piper Sandler Manuel Navas - D.A. Davidson Operator Good day and thank you for standing by. Welcome to the WSFS Financial Corporation Third Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode. After the spe ...

WSFS Financial Corporation 1 3Q 2022 Earnings Release Supplement October 2022 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 obj ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-35638 WSFS FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) Delaware 22-2866913 (State or other juris ...

WSFS Financial Corporation 1 2Q 2022 Earnings Release Supplement July 2022 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 object ...

WSFS Financial Corporation (NASDAQ:WSFS) Q2 2022 Earnings Conference Call July 26, 2022 1:00 PM ET Company Participants Dominic Canuso - Chief Financial Officer Rodger Levenson - Chairman, President and Chief Executive Officer Art Bacci - Chief Wealth Officer Conference Call Participants Frank Schiraldi - Piper Sandler Mike Perito - KBW Operator Ladies and gentlemen, thank you for standing by and welcome to the WSFS Financial Corporation Second Quarter Earnings Conference Call. At this time, all participant ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-35638 WSFS FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) Delaware 22-2866913 (State or other juri ...

WSFS Financial Corporation (NASDAQ:WSFS) Q1 2022 Earnings Conference Call April 22, 2022 1:00 PM ET Company Participants Rodger Levenson - Chairman, President and CEO Dominic Canuso - CFO Steve Clark - EVP and Chief Commercial Banking Officer Art Bacci - Chief Wealth Officer Rick Wright - Chief Retail Banking Officer Conference Call Participants Frank Schiraldi - Piper Sandler Michael Perito - KBW Russell Gunther - D.A. Davidson Operator Thank you for standing by and welcome to the WSFS Financial Corporatio ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-35638 WSFS FINANCIAL CORPORATION (Exact Name of Registrant as Specified in its Charter) | Delaware | 22-2866913 | | --- | --- | | (State or other Jurisdiction of Incorporation or Organization) | (I.R.S. Employer Identifi ...

WSFS Financial Corporation 1 4Q 2021 Investor Update January 2022 WSFS bank We Stand For Service 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 a ...

Financial Data and Key Metrics Changes - For the full year 2021, the company reported core earnings per share of $5.63 and a core return on assets (ROA) of 1.80% [7] - The full-year core pre-provision net revenue (PPNR) was $236 million, or 1.58% of average assets [8] - The company experienced a release of approximately $117 million in credit loss reserves from the COVID-related build in 2020 [8] - The anticipated full-year net interest margin (NIM) is expected to be in the range of 3.15% to 3.20% [21] - The efficiency ratio is projected to be in the low 60s, with expectations for the fourth quarter efficiency ratio to be in the high 50s [25][26] Business Line Data and Key Metrics Changes - Commercial loan fundings and pipeline continued to grow in Q4, exceeding pre-COVID levels [10] - Wealth Management and Cash Connect ended the year strong, contributing to the strength and diversity of fee-based businesses [12] - Fee revenue growth is expected in the mid-single digits, with double-digit growth anticipated in Cash Connect and mid-to-high single-digit growth in trust and wealth [22][23] Market Data and Key Metrics Changes - The company exited 2021 with strong momentum, driven by prior franchise investments [9] - 54% of customer deposits are from commercial, small business, and wealth segments, indicating a strong deposit base [11] - The commercial line of credit utilization increased from 33% to 35.8% in Q4, showing improved demand [94] Company Strategy and Development Direction - The company aims to capitalize on unique market presence and execute on revenue and cost synergies from the combination with Bryn Mawr Trust [15] - The strategic focus includes enhancing the wealth management segment, which is expected to become a larger part of the business, contributing nearly 50% of fee-based revenue [66] - The company plans to continue deploying excess liquidity into the investment portfolio to generate yield and earnings [20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in loan growth despite the anticipated rising rate environment, expecting mid-to-high single-digit growth excluding residential mortgages [16][17] - The company anticipates a stable economic outlook, with provision costs expected to be between $15 million and $25 million [24] - Management noted that the macroeconomic environment remains unpredictable, particularly regarding excess liquidity [19] Other Important Information - The company is on track to meet or exceed the targeted annual cost savings identified with Bryn Mawr Trust, with full realization expected by early 2023 [26] - The tax rate is expected to remain around 24% for the year [27] Q&A Session Summary Question: Interest rate sensitivity and deposit beta assumptions - Management indicated that asset sensitivity has increased with the acquisition of Bryn Mawr Trust, with variable loans now at about 52% of total loans [33] Question: Expectations for loan growth and payoffs - Management expressed confidence that loan payoffs will decrease in 2022 due to a rising rate environment [35] Question: Wealth management growth amid market volatility - Management expects high-single-digit growth in core wealth business despite recent market volatility [44] Question: Securities purchases and growth expectations - The company anticipates a 5% growth in the securities book in 2022, driven by current excess liquidity deployment [42] Question: Employee and customer retention post-acquisition - Management reported no significant attrition among employees or customers following the acquisition of Bryn Mawr Trust [59] Question: Buyback plans and capital ratios - Management confirmed plans to resume share repurchases, targeting a minimum of 25% of annual core earnings [70]