WSFS Financial Corporation (WSFS) Earnings
WSFS Financial Corporation is expected to report next earnings on July 24, 2026 (in NaN days), with a consensus EPS estimate of $1.51. WSFS has beaten EPS estimates in 10 of its last 12 reported quarters (average surprise +9.0% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 24, 2026 | $1.48 | $1.45 | -2.0% | $275M | +2.6% |
| Jan 26, 2026 | $1.26 | $1.43 | +13.5% | $272M | +6.8% |
| Oct 23, 2025 | $1.25 | $1.40 | +12.0% | $270M | +0.8% |
| Jul 24, 2025 | $1.13 | $1.27 | +12.4% | $268M | -1.1% |
| Apr 24, 2025 | $1.04 | $1.13 | +8.7% | $256M | +8.9% |
| Jan 27, 2025 | $0.98 | $1.11 | +13.3% | $253M | -1.0% |
| Oct 24, 2024 | $1.06 | $1.08 | +1.9% | $268M | +2.8% |
| Jul 25, 2024 | $1.04 | $1.08 | +3.8% | $266M | +50.5% |
| Apr 25, 2024 | $1.07 | $1.11 | +3.7% | $250M | +45.9% |
| Jan 25, 2024 | $1.05 | $1.15 | +9.5% | $265M | +49.2% |
| Jul 24, 2023 | $1.10 | $1.16 | +5.5% | $248M | +44.0% |
| Jan 26, 2023 | $1.37 | $1.38 | +0.7% | $259M | +2.9% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · April 24, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
- Strong start to 2026 with core financial metrics up. - Net interest margin flat q - o - q, deposits repriced and costs reduced. - Core fee revenue grew 11% y - o - y with broad - based growth in fee businesses, led by wealth and trust, institutional services, and personal trust. - Client deposits grew, non - interest deposits占比提升. - Loan growth with commercial CNI and consumer residential mortgage showing momentum. - Asset quality improved with delinquencies and problem assets down. - Executed capital return framework, repurchased shares and increased dividend. - Updated net charge - off outlook.
Guidance
- Updated net charge - off outlook for the year to 25 - 35 basis points, down from previous 35 - 45 basis points. - Will provide updated four - year outlook when presenting Q2 results in July. - No rate cuts embedded in 2026 guide, asset sensitivity provides tailwind, but deposit competition and other factors have puts and takes on net interest margin.
Segment performance
WSFS had a strong start in 2026. Core EPS was $1.68, core ROA was 1.65%, and core return on tangible common equity was 20.7%, all up vs prior quarter and year. Core net income grew 35% y - o - y, core PPNR grew 10%, resulting in core EPS growth of 49% and tangible book value per share growth of 15%. Net interest margin was 3.83% flat q - o - q. Core fee revenue, nearly a third of total revenue, grew 11% y - o - y, led by wealth and trust (up 25% y - o - y), institutional services like Corporate Trust and Global Capital Markets (each up over 40% y - o - y), and Bryn Mawr Trust Company of Delaware (up 27% y - o - y). Client deposits grew 5% q - o - q and over 9% y - o - y, non - interest deposits grew 14% q - o - q to 34% of total deposits. Gross loans were slightly up q - o - q, with CNI lending in commercial having 7% annualized growth q - o - q and small business banking up 11% annualized, consumer residential mortgage up over 70% y - o - y.
Risks & headwinds
- Actual results may differ materially from forward - looking statements due to risks in annual and quarterly reports. - Deposit competition may impact deposit costs and net interest margin. - Commercial real estate loan payoffs may have implications for loan growth and asset quality.
Analyst Q&A
Q: Russell Gunther at Stevens asked about deposit growth sustainability and drivers in wealth and trust.
A: Deposit growth was strong but had elevated transactional deposits. Trust business growth was due to market growth and share taking, with deposit competition across businesses.
Q: Janet Lee at TD Cohen asked about loan growth cadence.
A: CNI is primary driver in commercial, with good momentum, but commercial real estate has elevated payoffs. Consumer side has runoff of spring portfolio and home lending to offset.
Q: Christopher Marinac at Brien Capital LLC asked about capital plans and regulatory changes.
A: Capital return framework is on multi - year glide path towards 12% CET1 target, monitoring regulatory ratios and rating agency ratios, regulatory changes may provide capital benefit.
Q: Manuel Navas at Piper Sandler asked about corporate trust business future.
A: Corporate trust and global capital markets businesses grew due to investment in headcount/technology, unique expertise, strong balance sheet/ratings, and market growth, expect to continue winning share though market growth may slow.
Q: Charlie Driscoll from KBW asked about M&A.
A: No update on M&A, but looking for opportunities in fee businesses.
Q: Charlie Driscoll also asked about credit.
A: Specific credit recovery was from an acquired loan with sponsor refinancing, overall portfolio trends positive with NDFI portfolio showing no issues.