Wsfs Financial Corporation · NASDAQ:WSFS
Wsfs Financial — Q3 2026 Earnings Presentation
19 slides from Wsfs Financial's earnings presentation, Oct 23, 2026
Slide 1: WSFS Financial Corporation 3Q 2026 Earnings Release Supplement
WSFS Financial Corporation 3Q 2026 Earnings Release Supplement October 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
Financial Highlights Reported Core1 $ in millions 3Q26 QoQ Δ YoY Δ 3Q26 QoQ Δ YoY Δ • Core ROA of 1.58% (up 10bps YoY) and core EPS of (except per share amounts) $1.75 +7.4% +27.7% $1.75 +5.4% +25.0% $1.75 (up 25% YoY), driven by 14% core net income EPS ROA 1.58% +6bps +14bps 1.58% +3bps +10bps grow
Slide 4: Net Interest Margin Trends
Net Interest Margin Trends NIM of 3.88%, up 1bp quarter-over-quarter, driven by loan growth and securities reinvestment Average Deposit Cost and Loan Yield1 • Client deposit costs up 4bps QoQ, reflecting elevated cost 8.0% competition and mix changes 3.3% • Exit Sept’26: NIM of 3.89% and total depos
Slide 5: Loan Portfolio Highlights
Loan Portfolio Highlights 5% annualized loan growth led by Home Lending, C&I, and Leases Loans - QoQ and YoY Commercial Fundings and Line Activity ($mm)1 Ending Average $700 Sep QoQ QoQ YoY 3Q QoQ YoY $612 ($ in millions) 2026 $ % % 2026 % % $571 $600 C & I loans 2 $5,014 $71 1.4% 9.3% $4,944 1.5% 6
Slide 6: Deposit Highlights
Deposit Highlights 7% year-over-year increase in ending and average client deposits Deposits by Product - QoQ and YoY Average Total Client Deposit Mix Ending Average 100% Sep QoQ QoQ YoY 3Q QoQ YoY 80% 32% 33% 34% 36% 35% ($ in millions) 2026 $ % % 2026 % % 60% 16% 16% 15% 15% 15% Noninterest demand
Slide 7: Core Fee Revenue
Core Fee Revenue 31.6% Core Fee Revenue ratio1 with continued double-digit year-over-year growth in Wealth and Trust Core fee revenue1 down 1% QoQ and up 3% YoY $100 Wealth and Trust (+30% YoY) $92 $91 $88 $90 Corporate Trust up 45% YoY due to higher custody and paying agent fees as we continue to g
Slide 8: Capital
Capital All capital ratios remain significantly above “well-capitalized” even when considering Effective AOCI 3Q26 Capital Ratios including Effective AOCI Impact1,2 TBV2 and AOCI per Share $40 15.47% $32.67 16% 13.74% $30 3.64% 12% 3.77% $20 10.40% 1.37% 9.07% 9.97% $10 8% 1.25% 9.03% 11.83% $0 4% 7
Slide 9: Capital Return Framework
Capital Return Framework Repurchased 1.5% of outstanding shares in 3Q261 and 5.6% of outstanding shares year-to-date2 CET1 Trend Total Capital Returned to Shareholders ~92% of YTD net income returned to shareholders; CET1 medium-term target of ~12% 16% 17% of outstanding shares remain in authorizati
Slide 10: Asset Quality Metrics
Asset Quality Metrics Problem Assets Nonperforming Assets (NPA) $800 6.0% 0.6% Millions 5.19% Millions $150 0.51% 4.84% $700 4.02% 4.8% $125 0.40% 3.78% 3.88% 0.37% 0.5% 3.50% 0.35% 0.34% 0.36% $600 3.6% $100 $75 0.3% $500 $683 2.4% $630 $50 $106 $536 $530 $88 $81 $83 0.2% $400 $504 1.2% $73 $72 $47
Slide 11: Loan & Leases ACL Overview
Loan & Leases ACL Overview 3Q 2026 ACL ($mm) 3Q 2026 ACL Commentary $200 $190 $185 • ACL coverage ratio1 of 1.36%; 1.44% including estimated remaining $177 $7 ($10) credit mark on acquired loan portfolios2 $180 $11 • Coverage ratio up 4bps QoQ driven by a specific reserve on a $170 student housing-r
Slide 12: Investment Portfolio
Investment Portfolio High-quality investment portfolio providing consistent cash flows and borrowing capacity Investments • Forecasting P&I cash flows of $1.1bn+ over the next 24 months Investment Portfolio1 $4.62bn • Reinvestment will support earnings stability and balance sheet flexibility % of To
Slide 13: Appendix: Non-GAAP Financial Information
Appendix: Non-GAAP Financial Information 13
Slide 14: 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 15: Appendix: Non-GAAP Financial Information
Appendix: Non-GAAP Financial Information Three Months Ended (dollars in thousands) September 30, 2026 June 30, 2026 September 30, 2025 Net interest income (GAAP) $ 196,594 $ 192,500 $ 184,023 Core net interest income (non-GAAP) $ 196,594 $ 192,500 $ 184,023 Noninterest income (GAAP) $ 90,978 $ 89,96
Slide 16: Appendix: Non-GAAP Financial Information
Appendix: Non-GAAP Financial Information Three Months Ended (dollars in thousands, except per share data) September 30, 2026 June 30, 2026 September 30, 2025 GAAP net income attributable to WSFS $ 89,296 $ 84,398 $ 76,449 Plus: Pre-tax adjustments1 80 2,292 2,411 Less: Tax impact of pre-tax adjustme
Slide 17: Appendix: Non-GAAP Financial Information
Appendix: Non-GAAP Financial Information Three Months Ended September 30, September 30, (dollars in thousands) 2026 June 30, 2026 2025 Calculation of return on average tangible common equity: GAAP net income attributable to WSFS $ 89,296 $ 84,398 $ 76,449 Plus: Tax effected amortization of intangib
Slide 18: 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, 2026 June 30, 2025 2026 2026 2025 2025 2025 2024 2024 Calculation of tangible common book value per share: Total sto
Slide 19: Appendix: Non-GAAP Financial Information
Appendix: Non-GAAP Financial Information As of September 30, As of September 30, (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) $ 2,275,625 Total risk-