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Moody's has reaffirmed WSFS Financial Corp's Baa2 issuer rating with a stable outlook, citing a diversified business model, strong capital, and earnings strength. The rating reflects WSFS' solid balance sheet, low reliance on wholesale funding, and robust liquidity profile. The stable outlook indicates Moody's confidence in the company's ability to maintain its current financial position.

Moody's Investors Service has reaffirmed its Baa2 issuer rating for WSFS Financial Corp (NASDAQ: WSFS) with a stable outlook, reflecting the company's diversified business model, strong capital, and robust earnings performance. This reaffirmation underscores Moody's confidence in WSFS' ability to maintain its current financial position [1].

The rating reflects WSFS' solid balance sheet, low reliance on wholesale funding, and robust liquidity profile. The company's diversified business model includes commercial banking, consumer banking, treasury management, and trust and wealth management services, among others. As of June 30, 2025, WSFS Financial Corp had $20.8 billion in assets on its balance sheet and $92.4 billion in assets under management and administration [2].

WSFS operates from 115 offices, with 88 banking offices located in Pennsylvania (58), Delaware (39), New Jersey (14), Florida (2), Nevada (1), and Virginia (1). The company's primary subsidiary, WSFS Bank, is the oldest and largest locally headquartered bank and wealth management franchise in the Greater Philadelphia and Delaware region. WSFS Bank has been continuously operating under the same name since 1832, making it one of the ten oldest banks in the United States [2].

David Burg, Executive Vice President and Chief Financial Officer of WSFS, stated, "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" [1].

The stable outlook indicates Moody's confidence in WSFS' ability to maintain its current financial position, given its strong capital base and earnings strength. This reaffirmation is a positive signal for investors, highlighting WSFS' financial health and stability.

References:
[1] https://www.businesswire.com/news/home/20250811549482/en/Moodys-Reaffirms-WSFS-Financial-Corps-Baa2-Issuer-Rating-with-a-Stable-Outlook-Reflects-Diversified-Business-Model-Strong-Capital-and-Earnings-Strength
[2] https://www.stocktitan.net/news/WSFS/moody-s-reaffirms-wsfs-financial-corp-s-baa2-issuer-rating-with-a-17uyn44cxgz7.html