WSFS Financial Corp
investors.wsfsbank.comWhat Do They Do?
Provides banking products to businesses and consumers, cash logistics for ATM and smart-safe networks, and wealth and trust services for clients.
10-K for FY2025, filed Mar 2, 2026For financial reporting purposes, our business has three segments: WSFS Bank, Cash Connect® and Wealth and Trust. The WSFS Bank segment…View ↗
Our Cash Connect® business is a premier provider of ATM vault cash, smart safe (safes that automatically accept, validate, record and hold…View ↗
Our Wealth and Trust business provides a broad array of planning and advisory services, investment management, trust services, and credit…View ↗
How Do They Make Money?
WSFS bills clients monthly for cash made available at offsite locations; card-issuing banks receive interchange fees from merchants’ banks when their cards are used.
10-K for FY2025, filed Mar 2, 2026
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10-K for FY2025, filed Mar 2, 2026
FY2025 revenue by product or service (Noninterest income) ↗
$1B
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10-K for FY2025, filed Mar 2, 2026
$1B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Bailment fees
Recurring
10-K for FY2025, filed Mar 2, 2026 |
73%
FY2022: 53%
|
Bailment fees, FY2025
$53.1M Sources
|
Recurring |
|
Interchange fees
Usage-based
10-K for FY2025, filed Mar 2, 2026 |
22%
FY2022: 39%
|
Interchange fees, FY2025
$16M Sources
|
Usage-based |
|
Other card and ATM fees
|
4.6%
FY2022: 8.5%
|
Other card and ATM fees, FY2025
$3.3M Sources
|
Who Are Their Customers?
Commercial and consumer clients use WSFS Bank for loans, leases, deposits and other financial products through offices, ATMs, its website and mobile app. Cash Connect serves non-bank ATMs and smart safes, while individuals, companies and institutions receive wealth and trust services.
10-K for FY2025, filed Mar 2, 2026A fixture in the community, WSFS Bank has been in operation for more than 193 years. In addition to its focus on stellar client…View ↗
For financial reporting purposes, our business has three segments: WSFS Bank, Cash Connect® and Wealth and Trust. The WSFS Bank segment…View ↗
Our Cash Connect® business is a premier provider of ATM vault cash, smart safe (safes that automatically accept, validate, record and hold…View ↗
Our Wealth and Trust business provides a broad array of planning and advisory services, investment management, trust services, and credit…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 28 cents of every revenue dollar as net income in FY2025 and turned 21 cents into free cash flow.
How Are They Changing?
10-Q for Q2 FY2026, filed Aug 5, 2026
Open tableView ↗
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Jul 23, 2026
WSFS sold its credit card portfolio and partnered to issue branded cards
The company sold its credit card portfolio and entered a strategic partnership to issue WSFS-branded credit cards.
Sources
8-K, filed Jul 23, 2026
At June 30, 2026, WSFS’ gross loan and lease portfolio increased $167.0 million, or 1% (not annualized), when compared with March 31, 2026.…View ↗
Growing. Revenue grew 59% in 4 years, from $641.8M in FY2021 to $1B in FY2025, about 12% a year.
Powdermill exit
The older report described Powdermill as a multi-family office serving affluent clients; the latest report says WSFS exited the Powdermill business.
10-K for FY2022, filed Feb 28, 2023 10-K for FY2025, filed Mar 2, 2026Our Wealth Management business provides a broad array of planning and advisory services, investment management, trust services, and credit…View ↗
EPS was $5.09 and ROA was 1.36%, compared to $4.41 and 1.27%, respectively, for the year ended December 31, 2024. Net interest margin of…View ↗
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