Wsfs Financial Corporation · NASDAQ:WSFS
Wsfs Financial — Q1 2026 Earnings Presentation
19 slides from Wsfs Financial's earnings presentation, Apr 24, 2026
Slide 1: WSFS Financial Corporation 1Q 2026 Earnings Release Supplement
WSFS Financial Corporation 1Q 2026 Earnings Release Supplement April 2026 1
Slide 2: Forward Looking Statements & Non-GAAP Disclaimers
Forward Looking Statements & Non-GAAP Disclaimers 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, wi
Slide 3: Financial Highlights and Results
Financial Highlights and Results 3
Slide 4: Financial Highlights
Financial Highlights Reported Core1 • Excluding the previously disclosed $15.7mm loan $ in millions (except per share amounts) 1Q26 QoQ Δ YoY Δ 1Q26 QoQ Δ YoY Δ recovery, core EPS was $1.45 (up 28% YoY) and EPS $1.64 +22.4% +46.4% $1.68 +17.5% +48.7% core ROA was 1.43% (up 14bps YoY)1 ROA 1.61% +28b
Slide 5: Net Interest Margin Trends
Net Interest Margin Trends NIM of 3.83%, flat quarter-over-quarter, while absorbing prior quarter interest rate cuts Average Deposit Cost and Loan Yield • Loan yields down 14bps QoQ, primarily due to interest rate cuts, while 3.5% 8.0% client deposit costs decreased 12bps • March exit client deposit
Slide 6: Loan Portfolio Highlights
Loan Portfolio Highlights Commercial loan growth led by 7% annualized growth in C&I EOP Loans - QoQ and YoY Commercial Fundings and Line Activity ($mm)1 $700 Mar Dec Mar QoQ Annualized YoY % $612 ($ in millions) 2026 2025 2025 $ Growth % Growth $ Growth Growth $600 $571 C & I Loans 2 $4,849 $4,766 $
Slide 7: Deposit Highlights
Deposit Highlights 5% quarter-over-quarter growth in client deposits including 14% growth in noninterest deposits EOP Deposits by Product - QoQ and YoY Average Total Client Deposit Mix 100% Mar Dec Mar QoQ Annualized YoY % 30% 32% 32% 33% 34% ($ in millions) 2026 2025 2025 $ Growth % Growth $ Growth
Slide 8: Core Fee Revenue
Core Fee Revenue1 Continued double-digit year-over-year growth in Wealth and Trust $100 Core Fee Revenue flat QoQ and up 11% YoY $90 $90 Wealth and Trust (+25% YoY) $90 $81 Corporate Trust up 46% YoY due to higher custody and $80 paying agent fees as we continue to gain market share WSFS $70 Institu
Slide 9: Capital
Capital All capital ratios remain significantly above “well-capitalized” even when considering Effective AOCI 1Q26 Capital Ratios including Effective AOCI Impact1,2 TBV2 and AOCI per Share $40 15.66% $33.71 16% 13.91% $30 2.54% 12% 2.66% 10.51% $20 10.02% 0.37% 1.70% $10 8% 11.25% 13.12% 10.14% $0 4
Slide 10: Capital Return Framework
Capital Return Framework Board approved an 18% dividend increase and an additional 15% share repurchase authorization CET1 Trend Total Capital Returned to Shareholders CET1 medium-term target of ~12% >100% of 1Q26 net income returned to shareholders; 16% Repurchased 2.5% of shares in 1Q261 and 11.5%
Slide 11: Asset Quality Metrics
Asset Quality Metrics Problem Assets Nonperforming Assets (NPA) $800 6.0% 0.57% 0.6% Revised FY26 NCO Outlook Millions Millions 5.19% 5.19% $150 0.51% $700 4.84% 4.8% 25bps to 35bps1,2 4.02% $125 0.40% 0.5% 3.78% 0.35% 0.34% $100 $600 3.6% 1Q 2026 Performance $75 0.3% $500 2.4% $684 $683 $630 $117 $
Slide 12: Loan & Leases ACL Overview
Loan & Leases ACL Overview 1Q 2026 ACL ($mm) $200 $190 1Q 2026 ACL Commentary $180 $180 $2 $180 ($8) • ACL coverage ratio1 of 1.36%; 1.46% including estimated remaining $8 ($2) $170 credit mark on acquired loan portfolios2 $160 • FY GDP forecast of 2.4% in 2026 and 2.7% in 20273 $150 12/31/2025 New
Slide 13: Investment Portfolio
Investment Portfolio High-quality investment portfolio providing consistent cash flows and borrowing capacity Investments • Forecasting P&I cash flows of $1bn+ over the next 24 months Investment Portfolio1 $4.54bn • Reinvestment will support earnings stability and balance sheet flexibility % of Tota
Slide 14: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures 14
Slide 15: Non-GAAP Information
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
Slide 16: Appendix: Non-GAAP Financial Information
Appendix: Non-GAAP Financial Information Three Months Ended (dollars in thousands) March 31, 2026 December 31, 2025 March 31, 2025 Net interest income (GAAP) $ 185,136 $ 187,353 $ 175,216 Core net interest income (non-GAAP) $ 185,136 $ 187,353 $ 175,216 Noninterest income (GAAP) $ 90,115 $ 84,521 $
Slide 17: Appendix: Non-GAAP Financial Information
Appendix: Non-GAAP Financial Information Three Months Ended (dollars in thousands, except per share data) March 31, 2026 December 31, 2025 March 31, 2025 GAAP net income attributable to WSFS $ 86,827 $ 72,678 $ 65,896 Plus/(less): Pre-tax adjustments1 2,853 6,637 319 (Less)/plus: Tax impact of pre-t
Slide 18: Appendix: Non-GAAP Financial Information
Appendix: Non-GAAP Financial Information Three Months Ended (dollars in thousands) March 31, 2026 December 31, 2025 March 31, 2025 Calculation of return on average tangible common equity: GAAP net income attributable to WSFS $ 86,827 $ 72,678 $ 65,896 Plus: Tax effected amortization of intangible a
Slide 19: Appendix: Non-GAAP Financial Information
Appendix: Non-GAAP Financial Information As of March 31, As of March 31, (dollars in thousands) 2026 (dollars in thousands) 2026 Calculation of adjusted common equity Tier 1 capital: Calculation of adjusted total risk-based capital: Common equity tier 1 capital (GAAP) $ 2,237,226 Total risk-based ca