Morningstar DBRS Assigns “A” Rating to WSFS Bank; WSFS Financial Corporation Receives “A (low)” Rating with Stable Outlook
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.
Zions Bancorporation, WSFS Financial, Wintrust Financial, WesBanco, and Webster Financial Shares Plummet, What You Need To KnowA number of stocks fell in the afternoon session after a surprisingly weak July jobs report and the announcement of sweeping new tariffs fueled fears of an economic slowdown and an impending interest rate cut.
WSFS Bank Recommits to Wilmington with Long-Term Lease Renewal
WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), announced today it has entered into a long-term lease renewal with Buccini Pollin Group (BPG) for the company’s office located at 500 Delaware Avenue. It will undergo an office space renovation to meet the current and future needs of WSFS Associates.
WSFS Financial’s (NASDAQ:WSFS) Q2 Sales Top EstimatesRegional banking company WSFS Financial (
NASDAQ:WSFS) beat Wall Street’s revenue expectations in Q2 CY2025, but sales were flat year on year at $267.5 million. Its GAAP profit of $1.27 per share was 12.1% above analysts’ consensus estimates.
What To Expect From WSFS Financial’s (WSFS) Q2 EarningsRegional banking company WSFS Financial (
NASDAQ:WSFS) will be announcing earnings results this Thursday afternoon. Here’s what to expect.
WSFS Financial Corp.’s A- Senior Unsecured Debt Rating Affirmed with Stable Outlook by KBRA, Reflecting Strong Earnings, Liquidity, Capital and Diversified Fee Revenue
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.
WSFS Financial Corporation Announces Second Quarter 2025 Earnings Release Date and Conference Call
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.
WSFS Names Frank McGrane, Executive Vice President, Chief Credit Officer
WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), has named Frank McGrane as Executive Vice President, Chief Credit Officer (CCO). He will report to Christine Davis, Executive Vice President, Chief Risk Officer.
WSFS Q1 Deep Dive: Deposit Growth, Expense Discipline, and Macro Uncertainty Shape ResultsRegional banking company WSFS Financial (
NASDAQ:WSFS) missed Wall Street’s revenue expectations in Q1 CY2025 as sales only rose 2% year on year to $256.1 million. Its non-GAAP profit of $1.13 per share was 8.7% above analysts’ consensus estimates.
A Look Back at Regional Banks Stocks’ Q1 Earnings: WSFS Financial (NASDAQ:WSFS) Vs The Rest Of The PackThe end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how WSFS Financial (
NASDAQ:WSFS) and the rest of the regional banks stocks fared in Q1.
2 Bank Stocks with Solid Fundamentals and 1 to Keep Off Your RadarBanks serve as the backbone of the economy, facilitating lending, deposits, and financial services that keep businesses and consumers moving forward. But concerns about loan losses and tightening regulations have tempered enthusiasm,
and over the past six months, the banking industry has pulled back by 10.1%. This drawdown was disappointing since the S&P 500 held its ground.
Three Generations of WSFS CEOs to Discuss the Bank’s Legacy at 2025 Wharton Leadership Conference
WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), announced today current WSFS Chairman, President, and CEO, Rodger Levenson, joins former WSFS Chairman, President, and CEO, Mark Turner, and former WSFS Chairman, President, and CEO, Marvin “Skip” Schoenhals at the 2025 Wharton Leadership Conference to highlight the bank’s legacy and how they’ve successfully navigated CEO succession across three generations dating back to 1990.
WSFS Names Allan Matyger, Executive Vice President, Chief Information Officer
WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), has named Allan Matyger as Executive Vice President, Chief Information Officer (CIO). He will report to Arthur Bacci, Executive Vice President, Chief Operating Officer, and join the Executive Leadership Team.
WSFS Names Rebecca Seeman as Chief Operating Officer, Consumer Banking
WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), has named Rebecca Seeman as Senior Vice President, Chief Operating Officer, Consumer Banking.
WSFS Names Kate McGlinchey, Senior Vice President, Chief Compliance Officer
WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), has named Kate McGlinchey as Senior Vice President, Chief Compliance Officer.
WSFS Financial Corporation Announces First Quarter 2025 Earnings Release Date and Conference Call
WSFS Financial Corporation (Nasdaq: WSFS), the parent company of WSFS Bank, expects to report its first quarter earnings at the end of business on Thursday, April 24, 2025. Management will conduct a conference call to review this information at 1:00 p.m. Eastern Time (ET) on Friday, April 25, 2025.
WSFS CARES Foundation Provided $2.7 Million in Charitable Grants and Contributions in 2024
The WSFS CARES Foundation, the charitable giving arm of WSFS Financial Corporation (Nasdaq: WSFS), announced it provided grants and donations totaling more than $2.7 million to more than 323 community organizations located across Delaware, New Jersey and Pennsylvania in 2024.
WSFS Announced First-Quarter Call of $70 Million Legacy Bryn Mawr Trust Subordinated Debt
WSFS Financial Corporation (
NASDAQ: WSFS), the parent company of WSFS Bank, announced today that it has called the $70 million of fixed-to-floating rate subordinated notes due 2027 (the 2027 Notes) acquired from Bryn Mawr Trust. The 2027 Notes were repaid using operating cash flows of the Company.
WSFS Bank Partners with Greenlight to Help Increase Financial Literacy Among Kids and Teens
WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), today announced a partnership with Greenlight® Financial Technology, Inc. (“Greenlight”), the leading family fintech company, to provide an innovative banking* solution for kids, teens, and families. Starting today, WSFS Bank clients will have complimentary access to Greenlight’s award-winning family finance app, giving more kids and teens hands-on financial experience that helps create positive money habits.1
WSFS Names Chris Ballard, Senior Vice President, Director of Total Rewards
WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), has named Chris Ballard as Senior Vice President, Director of Total Rewards, reporting to Lisa Brubaker, Executive Vice President and Chief Human Resources Officer.
WSFS Bank Offers Down Payment Assistance Through 2025 Mortgage Grant Program with $1.5 Million Commitment
WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), today announced the launch of its 2025 WSFS Down Payment Grant Program, reaffirming its commitment to making the dream of homeownership a reality for individuals and families in the community. With $1.5 million in grants available for 2025, WSFS continues its mission to help those with limited savings secure safe and affordable housing.
