WSFS Financial Corporation reported its financial results for the third quarter of 2026, filing an -K on October 22, 2026. The company announced diluted earnings per share (EPS) of $1.75 for the quarter, representing a 28% year-over-year increase. The results included a return on average assets (ROA) of 1.58% and a net interest margin (NIM) of 3.88%.
Net interest income for the quarter totaled $196.6 million, a $4.1 million increase from the previous quarter. The company noted that this growth was driven by higher average loan balances and higher yields on loans and investment securities, partially offset by higher deposit costs due to competitive pricing. Total loan yields were reported at 6.26%.
Fee revenue for the third quarter was $91.0 million, with the Wealth and Trust franchise showing significant momentum. This segment generated 30% year-over-year fee growth, driven by increases in WSFS Institutional Services (45%), The Bryn Mawr Trust Company of Delaware (22%), and Private Wealth Management (14%).
On the balance sheet, gross loans and leases increased to $13.663 billion, a 1% increase from the prior quarter and a 5% increase from the same period last year. Residential mortgage loans grew by 27% year-over-year, while home equity loans grew by 20%. The company repurchased $59.6 million of common stock during the quarter and paid $10.2 million in dividends, resulting in total capital returns of $69.8 million.
Asset quality metrics remained stable. Problem assets increased to $530.4 million, while delinquencies decreased to 92.7 million. The allowance for credit losses (ACL) stood at $185.2 million, covering 1.36% of total loans and leases. Net recoveries on loans and leases for the quarter were $0.6 million.
