Slide 1: WSFS Financial Corporation 3Q 2025 Earnings Release Supplement
WSFS Financial Corporation 3Q 2025 Earnings Release Supplement October 2025 1
Slide 2: Forward Looking Statements & Non-GAAP
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 limita
Slide 3: Financial Highlights
Financial Highlights Reported Core1 • Core ROA of 1.48%, up 10bps QoQ and 26bps YoY $ in millions • NIM of 3.91%, up 2bps QoQ and 13bps YoY (except per share 3Q25 2Q25 3Q24 3Q25 2Q25 3Q24 • Wealth and Trust core fee revenue up 13% YoY2 amounts) EPS $1.37 $1.27 $1.08 $1.40 $1.27 $1.08 • Notable impro
Slide 4: Net Interest Margin Trends
Net Interest Margin Trends NIM of 3.91%, up 2bps QoQ and 13bps YoY despite interest rate cuts Average Deposit Cost and Loan Yield 3.5% 8.0% • 3Q25 exit interest-only beta of 43%; client deposit cost of 1.55% 7.01% • Excluding the NPA interest recovery, average loan yield for the 6.72% 6.60% 6.54% 6.
Slide 5: Loan Portfolio Highlights
Loan Portfolio Highlights Strong growth in Mortgage and WSFS Consumer loans EOP Loans - QoQ and YoY Commercial Fundings and Line Activity ($mm)1 Sept Jun Sept QoQ Annualized YoY % $500 ($ in millions) 2025 2025 2024 $ Growth % Growth $ Growth Growth C & I Loans 2 $4,587 $4,731 $4,661 ($144) (12%) ($
Slide 6: Deposit Highlights
Deposit Highlights 5% year-over-year growth in client deposits with 12% year-over-year growth in noninterest deposits Average Total Client Deposit Mix EOP Deposits by Product - QoQ and YoY 100% Sept Jun Sept QoQ Annualized YoY % 30% 31% 30% 32% 32% 80% ($ in millions) 2025 2025 2024 $ Growth % Growt
Slide 7: Core Fee Revenue
Core Fee Revenue1 32.3% Core Fee Revenue ratio with continued double-digit year-over-year growth in Wealth and Trust Core fee revenue flat QoQ and down 2% YoY $100 $90 Wealth and Trust (+13% YoY) $88 $88 $90 $80 WSFS Institutional Services up 30% YoY as Corporate Trust $37 Institutional continued to
Slide 8: Capital
Capital Continued capital expansion through earnings and tangible book value accretion 3Q25 Capital Ratios including Effective AOCI Impact1,2,3 TBV3 and AOCI per Share $40 16.19% $32.11 16% 14.39% 2.69% $30 2.80% 12% 11.11% 10.96% $20 0.41% 2.00% $10 8% 11.59% 13.50% 10.70% $0 4% 8.96% ($10) ($8.56)
Slide 9: Capital Return Framework
Capital Return Framework Repurchased 1.5% of outstanding shares in 3Q251; 5.8% of outstanding shares repurchased year-to-date2 CET1 Trend3 Total Capital Returned to Shareholders CET1 medium-term target of ~12% >95% of YTD net income returned to shareholders; 16% $250.0 10% of outstanding shares rema
Slide 10: Asset Quality Metrics
Asset Quality Metrics Problem Assets Nonperforming Assets (NPA) $800 6.0% 0.7% 3Q 2025 Performance Millions 5.40% Millions 5.19% 5.19% $150 0.61% 4.87% 4.84% 0.57% 0.6% $700 4.8% $125 0.51% • Problem Assets: Decreased 35bps QoQ 0.44% 0.5% $600 3.6% $100 0.35% • Several large payoffs with no 0.4% $75
Slide 11: Loan & Leases ACL Overview
Loan & Leases ACL Overview 3Q 2025 ACL ($mm) $200 3Q 2025 ACL Commentary $190 $186 • ACL coverage ratio1 of 1.41%; 1.53% including estimated remaining $183 $11 ($9) credit mark on acquired loan portfolios2 $180 ($2) ($3) $170 • Coverage ratio down 2bps QoQ; reduction due to loan runoff and improved
Slide 12: 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 $4.48bn % of Total Assets 22% • Anticipated cash flows could fund ~3.5% annualized loan growth
Slide 13: 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 14: Appendix: Non-GAAP Financial Information
Appendix: Non-GAAP Financial Information Three Months Ended Nine Months Ended (dollars in thousands) September 30, 2025 June 30, 2025 September 30, 2024 September 30, 2025 September 30, 2024 Net interest income (GAAP) $ 184,023 $ 179,495 $ 177,504 $ 538,734 $ 527,231 Core net interest income (non-GA
Slide 15: Appendix: Non-GAAP Financial Information
Appendix: Non-GAAP Financial Information Three Months Ended For the Year Ended September 30, September 30, September 30, 2025 June 30, 2025 September 30, 2024 2025 2024 (dollars in thousands, except per share data) GAAP net income attributable to WSFS $ 76,449 $ 72,326 $ 64,435 $ 214,671 $ 199,469 P
Slide 16: Appendix: Non-GAAP Financial Information
Appendix: Non-GAAP Financial Information Three Months Ended Three Months Ended September 30, September 30, September 30, September 30, (dollars in thousands) 2025 June 30, 2025 2024 2025 June 30, 2025 2024 Calculation of return on average tangible Calculation of core return on average tangible commo
Slide 17: Appendix: Non-GAAP Financial Information
Appendix: Non-GAAP Financial Information September 30, March 31, December 31, September 30, March 31, December 31, September 30, (dollars in thousands, except per share data) June 30, 2025 June 30, 2024 2025 2025 2024 2024 2024 2023 2023 Calculation of tangible common book value per share: Total sto
Slide 18: Appendix: Non-GAAP Financial Information
Appendix: Non-GAAP Financial Information As of September 30, As of September 30, (dollars in thousands) 2025 (dollars in thousands) 2025 Calculation of adjusted common equity Tier 1 capital: Calculation of adjusted total risk-based capital: Common equity tier 1 capital (GAAP) $ 2,280,707 Total risk-