Wsfs Financial Corp. (WSFS)
NASDAQ:WSFS
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Earnings Data
Report Date
Jul 27, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.45Last Year’s EPS
1.27Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call described a strong start to 2026 with multiple positive operating and capital metrics: substantial YoY EPS and tangible book growth, improving asset quality, robust fee revenue growth (notably Wealth & Trust and Institutional Services), deposit and loan momentum in key segments, and an active capital return program with increased dividend and buybacks. Several challenges and risks were also discussed: results benefited from a one-time $15.7M loan recovery and a small real estate sales charge; quarter-to-quarter NPAs rose due to two loans; deposit pricing competition and commercial real estate payoffs create potential headwinds; and uncertainty around interest rate paths and capital metric volatility remains. Overall, the positives (wide-ranging revenue/earnings growth, improving credit trends, strong fee businesses, and aggressive capital returns) materially outweigh the listed challenges, which management characterized as monitored but manageable.Company Guidance
Strong Core Profitability Metrics
Core EPS of $1.68, core ROA of 1.65%, and core return on tangible common equity of 20.7%, all up versus the prior quarter and prior year.
Significant Year-over-Year Earnings and Book Value Growth
Core net income increased 35% YoY and core PPNR increased 10% YoY, resulting in core EPS growth of 49% YoY and tangible book value per share growth of 15% YoY.
Loan Recovery and Adjusted Performance
Included previously disclosed loan recovery of $15.7 million. Excluding this recovery, core EPS was $1.45 (up 28% YoY) and core ROA was 1.43% (up 14 bps YoY).
Stable Net Interest Margin and Lower Deposit Cost
Net interest margin was 3.83%, flat linked quarter while absorbing prior interest rate cuts. Total client deposit cost fell 12 bps to 1.33% and interest-bearing deposit beta was 46% for the quarter.
Fee Revenue and Wealth & Trust Momentum
Core fee revenue (~1/3 of total revenue) grew 11% YoY. Wealth & Trust grew 25% YoY; Bryn Mawr Trust (personal trust) grew 27% YoY.
Institutional Services Outperformance
Corporate Trust and Global Capital Markets each grew over 40% YoY as the firm won new mandates and captured market share in trustee/agency services.
Cash Connect Profitability
Cash Connect fees declined QoQ due to rate cuts and lower volumes, but the business delivered a 15% profit margin, more than doubling its profit margin YoY.
Deposit Growth and Mix Improvement
Client deposits increased 5% linked quarter and are up over 9% YoY. Noninterest deposits grew 14% linked quarter and now represent 34% of total deposits (up from 29% a year ago).
Loan Momentum in Key Segments
Gross loans up slightly linked quarter. Commercial: annualized C&I growth of 7% linked quarter and Small Business annualized growth of 11% linked quarter. Residential mortgage originations up over 70% YoY; residential and originated consumer loans up 3% annualized linked quarter and 14% YoY.
Improving Asset Quality Trends
Delinquencies down 32% YoY, problem assets down 26% YoY, and nonperforming assets down 25% YoY (though NPA increased QoQ due to two well-secured loans).
Net Recoveries and Declining Charge-offs
Net recoveries for the quarter were $3.5M (driven by the $15.7M recovery). Excluding that recovery, net charge-offs were $12.2M, a 19% decrease from the prior quarter.
Aggressive Capital Return and Dividend Increase
Returned $94M of capital in the quarter including $85M in buybacks (~2.5% of shares). Since start of 2025 repurchased ~12% of shares. Board approved an 18% increase in the quarterly dividend to $0.20 and added a 15% share repurchase authorization (bringing total new authorization to 19% of outstanding shares).
Improved Net Charge-off Outlook
Updated full-year net charge-off outlook to 25–35 bps, down from prior guidance of 35–45 bps, reflecting the recovery and improved asset quality trends.
Market Share Gains and Strategic Positioning
Firm highlighted continued market share gains in Wealth & Trust and Institutional Services driven by headcount/technology investments, reputation and strong investment-grade ratings, and sees continued opportunity in its footprint.
WSFS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
WSFS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 23, 2026 | $70.15 | $71.39 | +1.77% |
Jan 26, 2026 | $57.77 | $61.51 | +6.48% |
Oct 23, 2025 | $52.50 | $52.72 | +0.42% |
Jul 24, 2025 | $56.11 | $55.86 | -0.44% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Wsfs Financial Corp. (WSFS) report earnings?
Wsfs Financial Corp. (WSFS) is schdueled to report earning on Jul 27, 2026, After Close (Confirmed).
What is Wsfs Financial Corp. (WSFS) earnings time?
Wsfs Financial Corp. (WSFS) earnings time is at Jul 27, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is WSFS EPS forecast?
WSFS EPS forecast for the fiscal quarter 2026 (Q2) is 1.45.