Latest news with #WSFSFinancialCorporation
Yahoo
3 days ago
- Business
- Yahoo
Moody's Reaffirms WSFS Financial Corp's Baa2 Issuer Rating with a Stable Outlook; Reflects Diversified Business Model, Strong Capital, and Earnings Strength
WILMINGTON, Del., August 12, 2025--(BUSINESS WIRE)--Moody's Investors Service has reaffirmed their ratings to WSFS Financial Corporation (NASDAQ: WSFS) ("WSFS" or "the Company") and WSFS Bank with issuer ratings of Baa2 with a stable outlook. Long-and short-term deposits of A2/Prime-1, together with a standalone Baseline Credit Assessment of Baa1. Moody's has also assigned Counterparty Risk Assessment of A3(cr)/Prime-2(cr) and Counterparty Risk Ratings (local and foreign currency) of Baa1/Prime-2. Moody's debt ratings for WSFS can be accessed here. "The reaffirmation by Moody's of our investment-grade rating and stable outlook continues to be a testament to our diversified business model and the strength of our balance sheet. We have continued to generate strong returns, while maintaining solid capital levels and a robust liquidity profile with low reliance on wholesale funding. We are pleased with this reaffirmation which complements our previously announced investment-grade Morningstar DBRS and KBRA ratings," said WSFS' Executive Vice President and Chief Financial Officer, David Burg. About WSFS Financial Corporation WSFS Financial Corporation is a multibillion-dollar financial services company. Its primary subsidiary, WSFS Bank, is the oldest and largest locally headquartered bank and wealth management franchise in the Greater Philadelphia and Delaware region. As of June 30, 2025, WSFS Financial Corporation had $20.8 billion in assets on its balance sheet and $92.4 billion in assets under management and administration. WSFS operates from 115 offices, 88 of which are banking offices, located in Pennsylvania (58), Delaware (39), New Jersey (14), Florida (2), Nevada (1) and Virginia (1) and provides comprehensive financial services including commercial banking, consumer banking, treasury management, and trust and wealth management. Other subsidiaries or divisions include Arrow Land Transfer, Bryn Mawr Trust Advisors, LLC, Bryn Mawr Trust®, The Bryn Mawr Trust Company of Delaware, Cash Connect®, NewLane Finance®, WSFS Wealth Management, LLC, WSFS Institutional Services®, WSFS Mortgage®, and WSFS Wealth® Investments. Serving the Greater Delaware Valley since 1832, WSFS Bank is one of the ten oldest banks in the United States continuously operating under the same name. For more information, please visit View source version on Contacts Investor Relations Contact: Andrew Basile(302) 504-9857abasile@ Media Contact: Connor Peoples(215) 864-5645cpeoples@ Sign in to access your portfolio
Business Wire
3 days ago
- Business
- Business Wire
Moody's Reaffirms WSFS Financial Corp's Baa2 Issuer Rating with a Stable Outlook; Reflects Diversified Business Model, Strong Capital, and Earnings Strength
WILMINGTON, Del.--(BUSINESS WIRE)--Moody's Investors Service has reaffirmed their ratings to WSFS Financial Corporation (NASDAQ: WSFS) ('WSFS' or 'the Company') and WSFS Bank with issuer ratings of Baa2 with a stable outlook. Long-and short-term deposits of A2/Prime-1, together with a standalone Baseline Credit Assessment of Baa1. Moody's has also assigned Counterparty Risk Assessment of A3(cr)/Prime-2(cr) and Counterparty Risk Ratings (local and foreign currency) of Baa1/Prime-2. Moody's debt ratings for WSFS can be accessed here. 'The reaffirmation by Moody's of our investment-grade rating and stable outlook continues to be a testament to our diversified business model and the strength of our balance sheet. We have continued to generate strong returns, while maintaining solid capital levels and a robust liquidity profile with low reliance on wholesale funding. We are pleased with this reaffirmation which complements our previously announced investment-grade Morningstar DBRS and KBRA ratings," said WSFS' Executive Vice President and Chief Financial Officer, David Burg. About WSFS Financial Corporation WSFS Financial Corporation is a multibillion-dollar financial services company. Its primary subsidiary, WSFS Bank, is the oldest and largest locally headquartered bank and wealth management franchise in the Greater Philadelphia and Delaware region. As of June 30, 2025, WSFS Financial Corporation had $20.8 billion in assets on its balance sheet and $92.4 billion in assets under management and administration. WSFS operates from 115 offices, 88 of which are banking offices, located in Pennsylvania (58), Delaware (39), New Jersey (14), Florida (2), Nevada (1) and Virginia (1) and provides comprehensive financial services including commercial banking, consumer banking, treasury management, and trust and wealth management. Other subsidiaries or divisions include Arrow Land Transfer, Bryn Mawr Trust Advisors, LLC, Bryn Mawr Trust ®, The Bryn Mawr Trust Company of Delaware, Cash Connect ®, NewLane Finance ®, WSFS Wealth Management, LLC, WSFS Institutional Services ®, WSFS Mortgage ®, and WSFS Wealth ® Investments. Serving the Greater Delaware Valley since 1832, WSFS Bank is one of the ten oldest banks in the United States continuously operating under the same name. For more information, please visit
Business Wire
04-08-2025
- Business
- Business Wire
Morningstar DBRS Assigns 'A' Rating to WSFS Bank; WSFS Financial Corporation Receives 'A (low)' Rating with Stable Outlook
WILMINGTON, Del.--(BUSINESS WIRE)--Morningstar DBRS assigned first time ratings to WSFS Financial Corporation (NASDAQ: WSFS) ('WSFS' or 'the Company') with a Long-Term Issuer Rating of "A (low)". At the same time, Morningstar DBRS assigned a Long-Term Issuer Rating of 'A' to WSFS Bank. The trends on all credit ratings are Stable. The Intrinsic Assessment (IA) for the Bank is 'A,' while its Support Assessment is SA1. The Company's Support Assessment is SA3, and the Long-Term Issuer Rating is positioned one notch below the Bank's IA. Morningstar DBRS' debt ratings for WSFS can be accessed here. 'WSFS is pleased to add another strong debt rating of 'A (low)' from Morningstar DBRS to complement our existing investment-grade ratings from Moody's and Kroll. This rating provides another validation of our strong balance sheet, capital, and liquidity profile, and will support our continued growth as well as new revenue opportunities within our Wealth and Trust business,' said WSFS' Executive Vice President and Chief Financial Officer, David Burg. Morningstar DBRS also noted the ratings are supported by WSFS' well-established presence in its core markets as well as its significant and stable fee revenue base derived from diversified business lines. The balance sheet remains strong, reflecting ample deposit funding, and higher than peer levels of capital. About WSFS Financial Corporation WSFS Financial Corporation is a multibillion-dollar financial services company. Its primary subsidiary, WSFS Bank, is the oldest and largest locally headquartered bank and wealth management franchise in the Greater Philadelphia and Delaware region. As of June 30, 2025, WSFS Financial Corporation had $20.8 billion in assets on its balance sheet and $92.4 billion in assets under management and administration. WSFS operates from 115 offices, 88 of which are banking offices, located in Pennsylvania (58), Delaware (39), New Jersey (14), Florida (2), Nevada (1) and Virginia (1) and provides comprehensive financial services including commercial banking, consumer banking, treasury management, and trust and wealth management. Other subsidiaries or divisions include Arrow Land Transfer, Bryn Mawr Trust Advisors, LLC, Bryn Mawr Trust ®, The Bryn Mawr Trust Company of Delaware, Cash Connect ®, NewLane Finance ®, WSFS Wealth Management, LLC, WSFS Institutional Services ®, WSFS Mortgage ®, and WSFS Wealth ® Investments. Serving the Greater Delaware Valley since 1832, WSFS Bank is one of the ten oldest banks in the United States continuously operating under the same name. For more information, please visit
Business Wire
11-07-2025
- Business
- Business Wire
WSFS Financial Corp.'s A- Senior Unsecured Debt Rating Affirmed with Stable Outlook by KBRA, Reflecting Strong Earnings, Liquidity, Capital and Diversified Fee Revenue
WILMINGTON, Del.--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) has reaffirmed the senior unsecured debt rating of A- for WSFS Financial Corporation (NASDAQ: WSFS) ('WSFS' or 'the Company'). KBRA also reaffirmed WSFS' subordinated debt rating of BBB+ and a short-term debt rating of K2. WSFS Bank, the Company's primary subsidiary, received strong credit ratings as well, including A ratings for both senior unsecured debt and deposit, a subordinated debt rating of A-, and the short-term debt and deposit ratings of K1. KBRA's debt rating report for WSFS can be accessed here. 'For the tenth consecutive year, WSFS has received a strong Investment Grade debt rating from KBRA,' said WSFS' Executive Vice President and Chief Financial Officer, David Burg. 'For the tenth consecutive year, WSFS has received a strong Investment Grade debt rating from KBRA. This rating reflects our diversified revenue model and strong returns, while maintaining ample capital and liquidity. We continue to be well-positioned to serve our Clients and support our communities,' said WSFS' Executive Vice President and Chief Financial Officer, David Burg. KBRA also noted the ratings are supported by WSFS' significant and stable fee revenue base derived from diversified business lines, particularly its premier wealth and trust divisions, which KBRA views as a key differentiator and primary driver of the Company's high ratings profile. The favorable fee income trends and maintenance of a healthy NIM, supported by a low-cost deposit base and well-balanced loan portfolio with regard to fixed/variable interest rate structures that results in attractive loan yields, have produced consistently strong profitability. Also key to the ratings is WSFS' favorable core funding profile and strong market position, with the largest deposit market share among locally headquartered banks. KBRA also acknowledged WSFS' markets reflect favorable demographics and are economically diverse, which provides some resilience in periods of stress; its historical asset quality metrics have been solid overall, supported by sound underwriting and credit administration and its diversified loan portfolio. About WSFS Financial Corporation WSFS Financial Corporation is a multibillion-dollar financial services company. Its primary subsidiary, WSFS Bank, is the oldest and largest locally headquartered bank and wealth management franchise in the Greater Philadelphia and Delaware region. As of March 31, 2025, WSFS Financial Corporation had $20.5 billion in assets on its balance sheet and $89.6 billion in assets under management and administration. WSFS operates from 115 offices, 88 of which are banking offices, located in Pennsylvania (58), Delaware (39), New Jersey (14), Florida (2), Nevada (1) and Virginia (1) and provides comprehensive financial services including commercial banking, consumer banking, treasury management and trust and wealth management. Other subsidiaries or divisions include Arrow Land Transfer, Bryn Mawr Trust Advisors, LLC, Bryn Mawr Trust ®, The Bryn Mawr Trust Company of Delaware, Cash Connect ®, NewLane Finance ®, WSFS Wealth Management, LLC, WSFS Institutional Services ®, WSFS Mortgage ®, and WSFS Wealth ® Investments. Serving the Greater Delaware Valley since 1832, WSFS Bank is one of the ten oldest banks in the United States continuously operating under the same name. For more information, please visit
Yahoo
10-07-2025
- Business
- Yahoo
WSFS Financial Corporation Announces Second Quarter 2025 Earnings Release Date and Conference Call
WILMINGTON, Del., July 10, 2025--(BUSINESS WIRE)--WSFS Financial Corporation (Nasdaq: WSFS), the parent company of WSFS Bank, expects to report its second quarter earnings at the end of business on Thursday, July 24, 2025. Management will conduct a conference call to review this information at 1:00 p.m. Eastern Time (ET) on Friday, July 25, 2025. Interested parties can register in advance here or access the conference call live at Earnings release and supplemental materials will be available prior to the start of the event via the Investor Relations section of the Company's website and participants are advised to log on at least 15 minutes prior to the broadcast. For those who cannot access the live conference call, a replay will be accessible shortly after the event concludes through the links above. About WSFS Financial Corporation WSFS Financial Corporation is a multibillion-dollar financial services company. Its primary subsidiary, WSFS Bank, is the oldest and largest locally headquartered bank and wealth management franchise in the Greater Philadelphia and Delaware region. As of March 31, 2025, WSFS Financial Corporation had $20.5 billion in assets on its balance sheet and $89.6 billion in assets under management and administration. WSFS operates from 115 offices, 88 of which are banking offices, located in Pennsylvania (58), Delaware (39), New Jersey (14), Florida (2), Nevada (1) and Virginia (1) and provides comprehensive financial services including commercial banking, consumer banking, treasury management and trust and wealth management. Other subsidiaries or divisions include Arrow Land Transfer, Bryn Mawr Trust Advisors, LLC, Bryn Mawr Trust®, The Bryn Mawr Trust Company of Delaware, Cash Connect®, NewLane Finance®, WSFS Wealth Management, LLC, WSFS Institutional Services®, WSFS Mortgage®, and WSFS Wealth® Investments. Serving the Greater Delaware Valley since 1832, WSFS Bank is one of the ten oldest banks in the United States continuously operating under the same name. For more information, please visit View source version on Contacts Investor Relations Contact: Andrew Basile(302) 504-9857abasile@ Media Contact: Connor Peoples(215) 864-5645cpeoples@ Errore nel recupero dei dati Effettua l'accesso per consultare il tuo portafoglio Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati
