Short answer
WSFS FINANCIAL CORP (WSFS) filed its fiscal 2025 10-K annual report with the SEC on Mar 2, 2026. It reported revenue of $1.0B (−4.1% year over year) and net income of $287M.
- Top risk flagged: Regulatory risk: Potential FDIC restrictions on brokered deposits if Bank capitalization falls below "well-capitalized" status as of December 31, 2025
FY2025 key financial metrics · XBRL
- Revenue
- $1.0B
- −4.1% YoY
- Net income
- $287M
- +9.0% YoY
- EPS (diluted)
- $5.09
- +15.4% YoY
- ROE
- 10.5%
- +0.3 pp YoY
- Operating cash flow
- $220M
- +0.0% YoY
Source: XBRL data from the WSFS FINANCIAL CORP (WSFS) FY2025 10-K on SEC EDGAR. USD.
WSFS FINANCIAL CORP FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business model: Savings and loan holding company offering banking and non-banking financial services regulated by Federal Reserve, OCC, and CFPB
- No new products/segments introduced or emphasized; focus on regulatory compliance and capital adequacy this year
- Strategic emphasis on navigating new merger policies: OCC's 2024 Policy Statement and DOJ's 2023 Merger Guidelines increase merger approval scrutiny
- Tangible assets grew to $20.3B (+2.6% YoY); tangible common equity increased to $1.77B (+10.4%), ratio improving to 8.69% from 8.08%
- Noteworthy 2024 regulatory shift: OCC finalized stricter merger evaluation criteria affecting potential acquisitions and DOJ updated bank merger antitrust enforcement standards
Management Discussion & Analysis
- Revenue: Net interest income $726.1M in 2025, up $20.6M (3%) YoY; noninterest income declined $1.0M, wealth & trust income up 16%
- Profitability: Net income $287.3M ($5.09/share) in 2025 vs $263.7M ($4.41/share) in 2024; net interest margin 3.87% vs 3.82%
- Best performing segment: Wealth and Trust noninterest income increased 16%, driven by WSFS Institutional Services®; worst: Cash Connect® noninterest income decreased due to rates, ATM bailment
- Capital allocation: Returned $324.7M to shareholders ($287.5M buybacks, $37.2M dividends); repurchased 5.44M shares at $52.86/share; increased quarterly dividend 13% to $0.17/share; issued $200M senior notes, redeemed $150M older notes
- Outlook/risks: 2026 expected loan recovery $15.7M after 2025 charge-off; management emphasizes strong capital (CET1 13.92%), liquidity ($1.7B cash), deposit growth; monitors credit quality and regulatory capital compliance
Risk Factors
- Regulatory risk: Potential FDIC restrictions on brokered deposits if Bank capitalization falls below "well-capitalized" status as of December 31, 2025
- Macroeconomic risk: Concentration in Delaware, southeastern Pennsylvania, southern New Jersey, northern Virginia markets exposed to regional economic downturns and real estate value declines
- Operational risk: Dependence on subsidiary dividend payments subject to federal/state limitations and OCC approval could constrain liquidity and common stock dividends
- Competitive risk: Industry consolidation and rapid technological advancements require increased digital investment to compete with larger banks and non-bank firms
- Credit risk: High concentration and balloon payments in commercial mortgage, industrial, and construction loans increase potential nonpayment and earnings volatility
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