Quarterly ResultJul 23, 2026, 04:13 PM
WSFS Reports 2Q 2026 EPS $1.63, ROA 1.52%; Fiduciary Assets >$100B
AI Summary
WSFS Financial Corporation announced strong financial results for the second quarter of 2026, with reported diluted EPS of $1.63 and core EPS of $1.66. The company achieved a reported ROA of 1.52% and core ROA of 1.55%. Key drivers included robust growth in client deposits, which rose 3% quarter-over-quarter to $19.004 billion, and a 1% increase in gross loans and leases to $13.501 billion. Fiduciary assets notably surpassed $100 billion, and the company continued its capital return framework by repurchasing $66.2 million in common stock during the quarter and declaring a $0.20 per share dividend.
Key Highlights
- Reported diluted EPS of $1.63 and core EPS of $1.66 for Q2 2026.
- Reported Return on Average Assets (ROA) of 1.52% and core ROA of 1.55%.
- Fiduciary assets surpassed $100 billion as of June 30, 2026.
- Client deposits grew 3% quarter-over-quarter to $19.004 billion, and 11% year-over-year.
- Gross loans and leases increased 1% quarter-over-quarter to $13.501 billion, and 3% year-over-year.
- Wealth and Trust fee revenue increased 17% year-over-year.
- Repurchased $66.2 million of common stock in Q2 2026, totaling $151.2 million in 1H 2026.
- Declared a quarterly cash dividend of $0.20 per share.
Price Impact
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