Quarterly ResultAug 5, 2026, 11:49 AM
WSFS Q2 Net Income $84.4M, EPS $1.63; Net Interest Income Up 7.2%
AI Summary
WSFS Financial Corp reported a strong second quarter for 2026, with net income attributable to WSFS increasing by 16.7% to $84.4 million and diluted earnings per share rising by 28.3% to $1.63. Net interest income grew by 7.2% to $192.5 million, while the provision for credit losses significantly decreased. The company also saw growth in total assets and deposits, alongside continued share repurchases.
Key Highlights
- Net income attributable to WSFS increased 16.7% to $84.4 million for Q2 2026.
- Diluted earnings per share rose 28.3% to $1.63 for Q2 2026.
- Net interest income grew 7.2% to $192.5 million for Q2 2026.
- Provision for credit losses decreased 60.0% to $5.0 million for Q2 2026.
- Total assets increased to $22.65 billion and total deposits to $19.00 billion as of June 30, 2026.
- Investment management and fiduciary income increased 17.6% to $51.5 million for Q2 2026.
- Repurchased $152.5 million of common stock in the first half of 2026.
- Declared a cash dividend of $0.20 per share for Q2 2026.
Price Impact
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