What is WSFS Financial's latest dividend and current dividend yield?

What is the market's earnings forecast for WSFS Financial next quarter?

What is the revenue and EPS growth rate for WSFS Financial year over year?

What does WSFS Financial do and what are its main business segments?

Did WSFS Financial beat or miss consensus estimates last quarter?

What were the key takeaways from WSFS Financial’s earnings call?

What factors drove the changes in WSFS Financial's revenue and profit?

What guidance did WSFS Financial's management provide for the next earnings period?

- **Record Profit Growth**: Core EPS up 30% YoY, net income +21% YoY, CET1 at 14.39%.
- **Strong Asset Quality**: NPA down 30%, delinquencies -34%, charge-offs at 30bps.
- **Strategic Buybacks**: $56.3M returned Q3, targeting 12%+ CET1 with elevated buybacks.
- **Growth Drivers**: Wealth & Trust +13% YoY, mortgage +5% QoQ, consumer loans +3% QoQ.
- **Margin Resilience**: Hedging neutralizes 40% rate sensitivity, 43% deposit beta offsets cuts.

**【CFO Opening Remarks】**
- **Core EPS of $1.40**: Up 30% YoY, driven by 21% YoY net income growth and 12% YoY tangible book value increase.
- **Net Interest Margin (NIM)**: Expanded 2bps to 3.91%, benefiting from 4bps recovery from a nonperforming loan and 2bps deposit cost decline.
- **Fee Revenue**: Flat QoQ due to strategic exits (Wealth/Trust) but +5% ex-exits, with Capital Markets and Cash Connect leading growth.
- **Asset Quality**: Total net credit costs down $5.9M QoQ, NPA down 30%, delinquencies -34%, and charge-offs at 30bps.
- **Capital Returns**: $56.3M returned (1.5% buybacks), CET1 at 14.39%, targeting 12%+ buybacks over 2-3 years.

**【CFO Financial Commentary】**
- **Balance Sheet**: Loans -1% QoQ (excluding Upstart/Spring EQ runoff), deposits +1% QoQ, noninterest deposits +12% YoY.
- **Wealth & Trust**: +13% YoY AUM, institutional services +30% QoQ, BMT of Delaware +20% QoQ.
- **Mortgage Growth**: Residential +5% QoQ, consumer loans +3% QoQ.
- **Hedging Program**: $850M floor options in-the-money, neutralizing 40% of floating rate loans.

**【Q&A Highlights】**
- **Capital Strategy**: 100%+ net income buybacks for 2-3 years, CET1 target 12%+.
- **Asset Quality**: Disciplined underwriting, proactive client engagement, +$300M pipeline.
- **Cash Connect**: Rate cuts benefit margin ($300K/25bps), profit margin up to 10% vs. 6% prior.
- **Commercial Growth**: +5% QoQ pipeline, focused on profitable C&I originations.
- **Margin Management**: 43% deposit beta, hedging neutralizes 40% rate sensitivity.


WSFS Financial Corporation (WSFS) Q3 2025 Earnings Call Transcript

Wilmington Savings Fund Society Bank

Cash Connect

Trust & Wealth Management

WSFS

WSFS fundamentals

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