Quarterly ResultMay 4, 2026, 05:23 PM
WSFS Q1 Net Income $86.8M, up 31.8%; Basic EPS $1.64, up 45.1%
AI Summary
WSFS Financial Corp reported a significant increase in net income and EPS for Q1 2026. Net income attributable to WSFS rose by 31.8% to $86.8 million, with basic earnings per share increasing by 45.1% to $1.64. The company also saw growth in net interest income and noninterest income, alongside a release of provision for credit losses. Total assets and deposits also increased compared to the end of 2025.
Key Highlights
- Net income attributable to WSFS increased 31.8% to $86.8 million for Q1 2026.
- Basic earnings per share rose 45.1% to $1.64 for the three months ended March 31, 2026.
- Net interest income grew 5.7% to $185.1 million in Q1 2026.
- Noninterest income increased 11.4% to $90.1 million for Q1 2026.
- Company reported a release of provision for credit losses of $2.0 million in Q1 2026.
- Total assets reached $22.11 billion as of March 31, 2026, up from $21.31 billion at Dec 31, 2025.
- Total deposits increased to $18.47 billion as of March 31, 2026, from $17.64 billion at Dec 31, 2025.
- Repurchased $85.8 million of common stock in Q1 2026.