Wsfs Financial Corporation · NASDAQ:WSFS
Wsfs Financial — Q2 2026 Earnings Presentation
20 slides from Wsfs Financial's earnings presentation, Jul 24, 2026
Slide 1: WSFS Financial Corporation 2Q 2026 Earnings Release Supplement
WSFS Financial Corporation 2Q 2026 Earnings Release Supplement July 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 • Core ROA of 1.55% (up 17bps YoY) and core EPS of $ in millions (except per share amounts) 2Q26 QoQ Δ YoY Δ 2Q26 QoQ Δ YoY Δ $1.66 (up 31% YoY), driven by 19% core net income EPS $1.63 -0.6% +28.3% $1.66 -1.2% +30.7% growth and 10% core PPNR growth YoY1 ROA 1.52%
Slide 4: Net Interest Margin Trends
Net Interest Margin Trends NIM of 3.87%, up 4bps quarter-over-quarter Average Deposit Cost and Loan Yield • Client deposit costs down 4bps, driven by higher average 8.0% noninterest deposits 3.3% • Exit interest-bearing deposit beta stable at 46% 6.54% 6.60% 6.8% 2.8% 6.36% 6.22% 6.19% Net Interest
Slide 5: Loan Portfolio Highlights
Loan Portfolio Highlights 5% annualized loan growth led by Residential Mortgage and C&I EOP Loans - QoQ and YoY Commercial Fundings and Line Activity ($mm)1 Jun Mar Jun QoQ Annualized YoY % $700 ($ in millions) 2026 2026 2025 $ Growth % Growth $ Growth Growth $612 2 C & I loans $4,944 $4,849 $4,731
Slide 6: Deposit Highlights
Deposit Highlights 3% quarter-over-quarter growth in client deposits driven by Institutional Services and Commercial EOP Deposits by Product - QoQ and YoY Average Total Client Deposit Mix 100% Jun Mar Jun QoQ Annualized YoY % 32% 32% 33% 34% 36% ($ in millions) 2026 2026 2025 $ Growth % Growth $ Gro
Slide 7: Core Fee Revenue
Core Fee Revenue 32.3% Core Fee Revenue ratio1 with continued double-digit year-over-year growth in Wealth and Trust; Fiduciary assets surpassed $100 billion Core fee revenue1 up 2% QoQ and up 5% YoY $100 Wealth and Trust (+17% YoY) $92 $88 $90 $90 Corporate Trust up 28% YoY due to higher custody an
Slide 8: Capital
Capital All capital ratios remain significantly above “well-capitalized” even when considering Effective AOCI 2Q26 Capital Ratios including Effective AOCI Impact1,2 TBV2 and AOCI per Share $40 $34.24 16% 15.47% 13.76% $30 2.53% 12% 2.64% $20 10.35% 9.83% 0.39% 1.72% $10 8% 11.12% 12.94% 9.96% $0 4%
Slide 9: Capital Return Framework
Capital Return Framework Repurchased 1.8% of outstanding shares in 2Q261; 4.2% of outstanding shares repurchased year-to-date2 CET1 Trend Total Capital Returned to Shareholders ~100% of 1H26 net income returned to shareholders; CET1 medium-term target of ~12% 16% 18% of outstanding shares remain in
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% 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 $88 $81 0.2% $400 $504 1.2% $73 $72 $473 $25 $300 0.0% $0 0.
Slide 11: Loan & Leases ACL Overview
Loan & Leases ACL Overview 2Q 2026 ACL ($mm) 2Q 2026 ACL Commentary $200 $190 • ACL coverage ratio1 of 1.32%; 1.41% including estimated remaining $180 ($1) $177 credit mark on acquired loan portfolios2 $180 $10 • Coverage ratio down 4bps QoQ due to the sale of credit card ($12) $170 portfolio and lo
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 $4.78bn • Reinvestment will support earnings stability and balance sheet flexibility % of Tota
Slide 13: 2026 Core Outlook - Update
2026 Core Outlook - Update Original FY Outlook1 Updated FY Outlook1 ROA2 +/-1.40% 1.50%+ EPS Growth Double-digit EPS growth Double-digit EPS growth Loan Growth Mid-single digit growth; Low-single digit in Consumer Mid-single digit growth Deposit Growth Mid-single digit growth High-single digit growt
Slide 14: Appendix: Non-GAAP Financial Information
Appendix: Non-GAAP Financial Information 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) June 30, 2026 March 31, 2026 June 30, 2025 Net interest income (GAAP) $ 192,500 $ 185,136 $ 179,495 Core net interest income (non-GAAP) $ 192,500 $ 185,136 $ 179,495 Noninterest income (GAAP) $ 89,968 $ 90,115 $ 88,00
Slide 17: Appendix: Non-GAAP Financial Information
Appendix: Non-GAAP Financial Information Three Months Ended (dollars in thousands, except per share data) June 30, 2026 March 31, 2026 June 30, 2025 GAAP net income attributable to WSFS $ 84,398 $ 86,827 $ 72,326 Plus/(less): Pre-tax adjustments1 2,292 2,853 (347) (Less)/plus: Tax impact of pre-tax
Slide 18: Appendix: Non-GAAP Financial Information
Appendix: Non-GAAP Financial Information Three Months Ended (dollars in thousands) June 30, 2026 March 31, 2026 June 30, 2025 Calculation of return on average tangible common equity: GAAP net income attributable to WSFS $ 84,398 $ 86,827 $ 72,326 Plus: Tax effected amortization of intangible assets
Slide 19: Appendix: Non-GAAP Financial Information
Appendix: Non-GAAP Financial Information 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 June 30, 2024 2026 2025 2025 2025 2024 2024 Calculation of tangible common book value per share: Total stockhol
Slide 20: Appendix: Non-GAAP Financial Information
Appendix: Non-GAAP Financial Information As of June 30, As of June 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) $ 2,249,697 Total risk-based capi