WSFS Reports 2Q 2026 EPS of $1.63 and ROA of 1.52% Results Driven by Loan, Deposit, and Fee Revenue Growth Fiduciary Assets Surpass $100 Billion

View all news WSFS Reports 2Q 2026 EPS of $1.63 and ROA of 1.52% Results Driven by Loan, Deposit, and Fee Revenue Growth Fiduciary Assets Surpass $100 Billion 07/23/2026 Results Driven by Loan, Deposit, and Fee Revenue Growth Fiduciary Assets Surpass $100 Billion WSFS Financial Corporation (Nasdaq: WSFS), the parent company of WSFS Bank, today announced its financial results for the second quarter of 2026. Selected financial results and metrics are as follows: (Dollars in millions, except per share data) 2Q 2026 1Q 2026 2Q 2025 Net interest income $ 192.5 $ 185.1 $ 179.5 Fee revenue 90.0 90.1 88.0 Total net revenue 282.5 275.3 267.5 Provision for (recovery of) credit losses 5.0 (2.0 ) 12.6 Noninterest expense 166.3 162.8 159.3 Net income attributable to WSFS 84.4 86.8 72.3 Pre-provision net revenue (PPNR)(1) 116.2 112.5 108.2 Earnings per share (EPS) (diluted) 1.63 1.64 1.27 Return on average assets (ROA) (a) 1.52 % 1.61 % 1.39 % Return on average equity (ROE) (a) 12.4 12.7 10.9 Fee revenue as % of total net revenue 31.8 32.7 32.8 Efficiency ratio 58.8 59.0 59.5 See “Notes” GAAP results for the periods shown include items that are excluded from core results. Below is a summary of the financial effects of these items, which include an unrealized write-down of an equity investment and a gain on the sale of the credit card portfolio. For additional detail, refer to the Non-GAAP Reconciliation in the back of this press release. 2Q 2026 1Q 2026 2Q 2025 (Dollars in millions, except per share data) Total Per share Total Per share Total Per share Fee revenue (pre-tax) $ (2.2 ) $ (0.04 ) $ — $ — $ — $ — Noninterest expense (pre-tax) 0.1 — 2.9 0.05 (0.3 ) (0.01 ) Income tax impacts (0.5 ) (0.01 ) (0.6 ) (0.01 ) 0.1 0.01 (1) As used in this press release, PPNR is a non-GAAP financial measure that adjusts net income determined in accordance with GAAP to exclude the impacts of (i) income tax provision and (ii) provision for (recovery of) credit losses. For a reconciliation of this and other non-GAAP financial measures to their most directly comparable GAAP measures, see "Non-GAAP Reconciliation" at the end of the press release. CEO Commentary and Highlights Rodger Levenson, Chairman, CEO and President, said, "WSFS performed well in the second quarter with a 31% year-over-year increase in core EPS(2). Our results included robust growth in noninterest deposits, a double-digit year-over-year increase in Wealth and Trust fees, and solid loan growth. Asset quality continued to trend positively, with improvement across key metrics. Additionally, we continued to execute our capital return framework through dividends and share repurchases, repurchasing over four percent of outstanding shares(3) in the first half of 2026. These results provide momentum for the second half of the year as reflected in our updated full-year outlook." Overall highlights included: Core EPS of $1.66 and core ROA (2) of 1.55% in 2Q 2026, compared to $1.68 and 1.65%, respectively, in 1Q 2026.Excluding a previously disclosed $15.7 million loan recovery in 1Q 2026, core EPS (2) increased 14% and core ROA (2) increased 12bps compared to 1Q 2026.Client deposits grew 3% quarter-over-quarter with noninterest demand growth of 10%, led by WSFS Institutional Services ®. Noninterest deposits now represent 37% of total client deposits.C&I loans continued the recent trend with 2% quarter-over-quarter (8% annualized) growth.Wealth and Trust continued to deliver double-digit fee growth, increasing 17% year-over-year.WSFS Institutional Services ® fees increased 34% and The Bryn Mawr Trust Company of Delaware (BMT of DE), our personal trust business, increased 20%.Fiduciary assets surpassed $100 billion as of June 30, 2026.Repurchased $66.2 million of common stock (1.8% of outstanding shares (4)) and paid quarterly dividends of $10.4 million for a total capital return of $76.6 million. (2)As used in this press release, core EPS, core ROA, core EPS excluding loan recovery, and core ROA excluding loan recovery are non-GAAP financial measures. These non-GAAP financial measures exclude certain pre-tax adjustments and the tax impact of such adjustments. For a reconciliation of non-GAAP financial measures to their most directly comparable GAAP measures, see "Non-GAAP Reconciliation" at the end of the press release. (3)First half of 2026 repurchases represent over four percent of outstanding shares as of December 31, 2025. (4) 2Q 2026 repurchases represent 1.8% of outstanding shares as of March 31, 2026. Second Quarter 2026 Discussion of Financial Results Balance Sheet The following table summarizes loan and lease balances and composition at June 30, 2026 compared to March 31, 2026 and June 30, 2025: Loans and Leases (Dollars in millions) June 30, 2026 March 31, 2026 June 30, 2025 Commercial & industrial (C&I)(5) $ 4,944 37 % $ 4,849 37 % $ 4,731 36 % Commercial mortgage 3,884 29 3,882 30 3,911 30 Construction 1,003 7 1,034 7 858 7 Commercial small business leases 584 4 588 4 630 5 Total commercial loans and leases 10,415 77 10,353 78 10,130 78 Residential mortgage 1,271 10 1,127 9 1,016 8 Consumer 1,815 14 1,854 14 2,006 15 Gross loans and leases 13,501 101 % 13,334 101 % 13,152 101 % Allowance for Credit Losses (ACL) (177 ) (1 ) (180 ) (1 ) (186 ) (1 ) Net loans and leases $ 13,324 100 % $ 13,154 100 % $ 12,966 100 % At June 30, 2026, WSFS’ gross loan and lease portfolio increased $167.0 million, or 1% (not annualized), when compared with March 31, 2026. Home Lending generated strong loan growth of 10%, and we continued to see momentum in C&I, which grew 2%. This overall growth reflects our continued investment in talent and product offerings, enhancing our ability to win market share and more effectively compete for a broader set of clients. During the quarter, we completed the sale of our credit card portfolio, which had an outstanding balance of $36.3 million, and entered into a strategic partnership to issue WSFS-branded credit cards. This sale, combined with the continued runoff of the Spring EQ portfolio, partially offset the loan growth in the quarter. Gross loans and leases at June 30, 2026 increased 3% when compared with June 30, 2025. Excluding the impacts from the sales of the Upstart and credit card portfolios, and runoff of Spring EQ, gross loans and leases increased 5%. This growth was driven by increases in residential mortgage (25%), C&I (5%), and home equity (20%), partially offset by declines in commercial small business leases (7%) and commercial mortgages (1%). (5) Includes owner-occupied real estate. The following table summarizes client deposit balances and composition at June 30, 2026 compared to March 31, 2026 and June 30, 2025: Client Deposits (Dollars in millions) June 30, 2026 March 31, 2026 June 30, 2025 Noninterest demand $ 7,009 37 % $ 6,372 34 % $ 5,306 31 % Interest-bearing demand 2,878 15 2,848 15 2,806 16 Savings 1,352 7 1,418 8 1,452 9 Money market 5,894 31 5,909 33 5,471 32 Total core deposits 17,133 90 16,547 90 15,035 88 Time deposits 1,871 10 1,921 10 2,086 12 Total client deposits $ 19,004 100 % $ 18,468 100 % $ 17,121 100 % Total client deposits increased $535.1 million, or 3% (not annualized), when compared with March 31, 2026. Noninterest demand increased 10%, primarily led by Institutional Services, and now represents 37% of total client deposits. Savings decreased 5% and time deposits decreased 3%. End of period deposit balances continued to reflect some elevated quarter-end activity by clients within Institutional Services and Commercial. Overall, we continue to see strong deposit growth momentum, with average deposits also growing 3%. Total client deposits increased $1.9 billion, or 11% from June 30, 2025. Noninterest demand increased 32%, driven by growth in Institutional Services and Commercial. Money market grew 8%, driven by growth across all business lines, while time deposits decreased 10% as we continued to manage our deposit pricing. The deposit base remains well-diversified, with 54% of quarterly average client deposits coming from the Commercial, Small Business Banking, and Wealth and Trust businesses. No- and low-cost deposit accounts(6) represented 58% of average total client deposits with a weighted average cost of 28bps for the quarter. The loan-to-deposit ratio(7) was 70% at June 30, 2026, providing capacity to fund ongoing loan growth. (6) Includes noninterest demand, interest-bearing demand, and savings deposit accounts. (7) Ratio of net loans and leases to total client deposits. Net Interest Income Three Months Ending (Dollars in millions) June 30, 2026 March 31, 2026 June 30, 2025 Net interest income before purchase accretion $ 190.9 $ 183.5 $ 177.5 Purchase accounting accretion 1.6 1.6 2.0 Net interest income $ 192.5 $ 185.1 $ 179.5 Net interest margin before purchase accretion 3.84 % 3.80 % 3.84 % Purchase accounting accretion 0.03 0.03 0.05 Net interest margin 3.87 % 3.83 % 3.89 % Net interest income increased $7.4 million, or 4% (not annualized), compared to 1Q 2026, primarily driven by higher average loan balances as well as higher investment securities and yields. Net interest income increased $13.0 million, or 7%, compared to 2Q 2025, primarily driven by lower deposit costs, higher cash balances, and higher average loan balances. These increases were partially offset by lower loan yields as a result of three 25bp Federal Funds rate cuts that occurred in 2025. Total loan yields were 6.24%, a decrease of 3bps when compared to 1Q 2026 and a decrease of 36bps when compared to 2Q 2025. The year-over-year decrease was primarily driven by the impact of the aforementioned interest rate cuts. Total client deposit costs were 1.29% and interest-bearing deposit costs were 2.00%, decreases of 4bps and 1bp, respectively, compared to 1Q 2026. Total client deposit costs decreased 34bps and interest-bearing deposit costs decreased 38bps compared to 2Q 2025. The quarter-over-quarter decrease in total client deposit costs was driven by a continued shift in the mix of deposits, with higher noninterest balances, and the year-over-year decrease was driven by deposit repricing actions and mix shift. Net interest margin of 3.87% increased 4bps compared to 1Q 2026, primarily due to the impacts from the investment portfolio and deposit mix noted above. Net interest margin decreased 2bps from 2Q 2025 primarily due to the impact of the 2025 interest rate cuts, partially offset by higher investment yields and favorable balance sheet mix. Asset Quality (Dollars in millions) June 30, 2026 March 31, 2026 June 30, 2025 Problem assets(8) $ 472.9 $ 503.9 $ 683.1 Delinquencies (n) 95.6 100.7 158.0 Nonperforming assets (n) 81.0 87.8 106.2 Net charge-offs (recoveries) on loans and leases 7.1 (3.5 ) 9.8 Total net credit costs (q) 7.1 0.2 14.3 Problem assets to total Tier 1 capital plus ACL on loans and leases 19.48 % 20.71 % 29.83 % Classified assets to total Tier 1 capital plus ACL on loans and leases 16.96 17.19 21.60 Ratio of nonperforming assets to total assets (n) 0.36 0.40 0.51 Delinquencies (n) to gross loans (i) 0.71 0.76 1.22 Ratio of quarterly net charge-offs (recoveries) to average gross loans 0.21 (0.11 ) 0.30 Ratio of allowance for credit losses to total loans and leases (p) 1.32 1.36 1.43 Ratio of allowance for credit losses to nonaccruing loans (n) 260 240 177 See “Notes” Leading indicators of asset quality continued to trend downward, with a decrease in problem assets of $31.0 million compared to March 31, 2026, driven by several commercial payoffs. Delinquencies also decreased $5.1 million, or 5bps of gross loans, compared to March 31, 2026, driven by a reduction in consumer delinquencies. Problem assets decreased 31% and delinquencies decreased 39% compared to June 30, 2025. Nonperforming assets (NPAs) decreased $6.9 million, or 4bps of total assets compared to March 31, 2026. The decrease in NPAs was primarily driven by the payoff of a multifamily loan. NPAs are down 24% compared to June 30, 2025. Total net credit costs were $7.1 million. Excluding the impacts of a previously disclosed recovery in 1Q 2026, total net credit costs(9) decreased $8.7 million when compared to 1Q 2026. This decrease was primarily driven by lower net Commercial charge-offs and a release of ACL, due to the sale of the credit card portfolio and lower loss experience in Consumer. Net charge-offs for the quarter were $7.1 million. Excluding the impacts of the prior quarter recovery, net charge-offs(9) decreased $5.1 million, or 16bps (annualized) of average gross loans, driven by lower commercial charge-offs. The ACL on loans and leases was $177.3 million as of June 30, 2026, a decrease of $2.7 million when compared to March 31, 2026, and the ACL coverage ratio decreased 4bps to 1.32%. (8) Problem assets includes all criticized, classified, and nonperforming loans as well as other real estate owned (OREO). (9)As used in this press release, adjusted total net credit costs and adjusted net charge-offs are non-GAAP financial measures. These non-GAAP financial measures exclude the impact of payments for a loan charged-off during the first quarter of 2025. For a reconciliation of non-GAAP financial measures to their most directly comparable GAAP measures, see "Non-GAAP Reconciliation" at the end of the press release. Core Fee Revenue(10) Core fee revenue (noninterest income) of $92.2 million increased $2.1 million, or 2%, compared to 1Q 2026. The increase was driven by a 5% increase in Wealth and Trust, primarily due to growth across WSFS Institutional Services® and BMT of DE (personal trust), as well as increases in Capital Markets and Cash Connect®. These increases were partially offset by decreases in gains on sale of mortgage and SBA loans as we retained more of our originated loans. Core fee revenue increased $4.2 million, or 5%, compared to 2Q 2025. The increase was driven by a 17% increase in Wealth and Trust as well as an increase in Capital Markets. The increase in Wealth and Trust included 34% growth in WSFS Institutional Services®, driven by both Corporate Trust and Global Capital Markets, and 20% growth in BMT of DE. These increases were partially offset by a $2.3 million decrease due to the final Spring EQ earnout recognized in 2025 and a $2.1 million decrease in Cash Connect®, primarily due to the impact of interest rate cuts and lower ATM volumes. For 2Q 2026, our core fee revenue ratio(10) was 32.3% compared to 32.7% in 1Q 2026 and 32.8% in 2Q 2025. Fee revenue diversification is a differentiator with further growth opportunities expected. (10) As used in this press release, core fee revenue and core fee revenue ratio are non-GAAP financial measures. These non-GAAP financial measures exclude certain pre-tax adjustments and the tax impact of such adjustments. For a reconciliation of these and other non-GAAP financial measures to their most directly comparable GAAP measures, see "Non-GAAP Reconciliation" at the end of the press release. Core Noninterest Expense(11) Core noninterest expense of $166.2 million increased $6.3 million, or 4% (not annualized), compared to 1Q 2026. The increase is due to higher salaries and benefits, driven by the impact of performance-based incentives (which accounted for more than half of the increase) and medical costs, as well as increases in external fraud losses and professional fees. These increases were partially offset by a decrease in occupancy expense. Core noninterest expense increased $6.6 million, or 4%, compared to 2Q 2025. The increase was primarily driven by higher salaries and benefits due to the reasons noted above, external fraud losses, and a one-time insurance recovery of $1.6 million in 2Q 2025. These increases were partially offset by a $2.7 million decrease in Cash Connect® external funding costs due to lower rates and ATM volume as well as lower professional fees. Our core efficiency ratio(11) was 58.3% in 2Q 2026, compared to 58.0% in 1Q 2026 and 59.6% in 2Q 2025, reflecting our focus on expense discipline while continuing to invest in the franchise. Income Taxes We recorded a $26.8 million income tax provision in 2Q 2026, compared to $27.6 million in 1Q 2026 and $23.3 million in 2Q 2025. The changes in income tax provision compared to 1Q 2026 and 2Q 2025 were primarily due to changes in income before taxes. The effective tax rate was 24.1% in 2Q 2026 compared to 24.1% in 1Q 2026 and 24.4% in 2Q 2025. The decrease in effective tax rate compared to 2Q 2025 is primarily due to increased federal tax credits. (11) As used in this press release, core noninterest expense and core efficiency ratio are non-GAAP financial measures. These non-GAAP financial measures exclude certain pre-tax adjustments and the tax impact of such adjustments. For a reconciliation of these and other non-GAAP financial measures to their most directly comparable GAAP measures, see "Non-GAAP Reconciliation" at the end of the press release. Capital Management Capital ratios remain strong and are all substantially in excess of the “well-capitalized” regulatory benchmarks at June 30, 2026, with a Common Equity Tier 1 capital ratio and Tier 1 capital ratio of 13.76%, Tier 1 leverage ratio of 10.35%, and Total Risk-based capital ratio of 15.47%. WSFS’ total stockholders’ equity decreased $2.7 million, or less than 1%, during 2Q 2026. The decrease was primarily due to capital returns to stockholders of $76.6 million and an increase in accumulated other comprehensive loss of $12.1 million, driven by market-value decreases on available-for-sale investment securities, partially offset by quarterly earnings of $84.4 million. WSFS’ tangible common equity(12) increased $1.2 million, or less than 1%, compared to March 31, 2026, primarily due to a decrease in intangible assets from scheduled amortization. WSFS’ common equity to assets ratio decreased 31bps to 12.01% and tangible common equity to tangible assets ratio(12) decreased 21bps to 8.11% at June 30, 2026. At June 30, 2026, book value per share was $52.97, an increase of $0.73, or 1% (not annualized), from March 31, 2026, and tangible book value per share(12) was $34.24, an increase of $0.53, or 2% (not annualized), from March 31, 2026. Book value per share increased $5.26, or 11%, and tangible book value per share increased $3.92, or 13%, compared to 2Q 2025. During 2Q 2026, WSFS repurchased 923,948 shares of common stock for an aggregate of $66.2 million and paid quarterly cash dividends of $10.4 million. Total capital returns to stockholders through share repurchases and quarterly dividends was $76.6 million. WSFS has 9,200,029 shares, or approximately 18% of outstanding shares as of June 30, 2026, available for repurchase. The Board of Directors approved a quarterly cash dividend of $0.20 per share of common stock. The dividend will be paid on August 21, 2026 to stockholders of record as of August 7, 2026. (12) As used in this press release, tangible common equity, tangible common equity to tangible assets ratio, and tangible book value per share are non-GAAP financial measures. These non-GAAP financial measures exclude goodwill and intangible assets and the related tax-effected amortization. For a reconciliation of these and other non-GAAP financial measures to their most directly comparable GAAP measures, see "Non-GAAP Reconciliation" at the end of the press release. Selected Business Segments (included in previous results): Wealth and Trust The Wealth and Trust segment provides a broad array of planning and advisory services, investment management, trust services, credit and deposit products to individual, corporate, and institutional Clients. Selected quarterly performance results and metrics are as follows: (Dollars in millions, except where otherwise noted) June 30, 2026 March 31, 2026 June 30, 2025 Net interest income(13) $ 31.7 $ 27.5 $ 23.0 Provision for credit losses 1.8 1.2 4.4 Fee revenue(14) 52.4 50.0 44.5 Noninterest expense(14) 34.5 31.8 32.3 Pre-tax income 47.7 44.5 30.7 Performance Metrics WSFS Institutional Services® and BMT of DE fee revenue $ 36.3 $ 34.2 $ 27.9 Private Wealth Management fee revenue 16.1 15.9 16.1 AUM/AUA (in billions)(15) 101.7 97.6 92.4 Wealth and Trust pre-tax income was $47.7 million, which increased $3.2 million, or 7% (not annualized), compared to 1Q 2026, driven by increases in net interest income of $4.2 million and fee revenue of $2.3 million. The increase in net interest income was driven by higher noninterest deposit balances in Institutional Services. The increase in fee revenue was driven by higher assignment and agent fees across Institutional Services and continued account growth in BMT of DE. WSFS Institutional Services® was the third most active trustee based on number of deals in 1H 2026 for U.S. ABS and MBS according to Asset-Backed Alert. Wealth and Trust pre-tax income increased $17.0 million, or 55%, compared to 2Q 2025, driven by increases in fee revenue of $7.8 million and net interest income of $8.7 million. These increases were partially offset by an increase in noninterest expense of $2.2 million. The increase in fee revenue was driven by growth in Institutional Services and BMT of DE. The increase in net interest income was due to higher noninterest deposit balances in Trust. The increase in noninterest expense was primarily due to higher salaries and benefits, uninsured losses and client transaction costs, partially offset by lower legal fees. AUM/AUA increased $4.1 billion to $101.7 billion at the end of 2Q 2026 driven by account growth and market appreciation. (13)Includes intercompany allocation of income. (14) Includes intercompany allocation of revenue and expense. (15) Represents Assets Under Management and Assets Under Administration, in billions. Cash Connect® Cash Connect® is a premier provider of ATM vault cash, smart safe and cash logistics services in the United States, servicing non-bank ATMs and smart safes nationwide and supporting ATMs for WSFS Bank Clients. Selected quarterly financial results and metrics are as follows: (Dollars in millions) June 30, 2026 March 31, 2026 June 30, 2025 Net revenue(16) $ 19.7 $ 19.6 $ 21.1 Noninterest expense(17) 16.8 16.7 17.8 Pre-tax income 3.0 3.0 3.3 Performance Metrics Average cash managed $ 1,251 $ 1,251 $ 1,329 Number of serviced non-bank ATMs and smart safes 35,171 35,338 36,494 Net profit margin 15.0 % 15.4 % 15.6 % ROA 2.15 % 2.38 % 2.43 % Cash Connect® pre-tax income of $3.0 million was flat compared to 1Q 2026. Net revenue and noninterest expense were generally flat compared to 1Q 2026 with lower ATM volume offset by higher revenue from smart safes, which grew 14%. Cash Connect® net profit margin of 15.0% decreased 41bps compared to 1Q 2026, and decreased 62bps compared to 2Q 2025, largely driven by $1.6 million of one-time insurance recoveries in the prior year. Excluding this recovery, net profit margin increased 7.0%(18). Compared to 2Q 2025, pre-tax income decreased $0.3 million, driven by the insurance recoveries mentioned above. Excluding the impact of those recoveries, pre-tax income(18) increased $1.3 million driven by the impact of lower interest rates (lower revenues were more than offset by lower expenses), pricing initiatives (increased revenues), and expense optimization. Cash Connect® continues to shift its business mix from traditional non-bank ATMs to higher margin products, such as smart safe units, which have grown 10% year-over-year. (16) Includes net interest income and intercompany allocation of income. (17) Includes intercompany allocation of expense. (18) As used in this press release, adjusted profit margin and adjusted pre-tax income are non-GAAP financial measures. These non-GAAP financial measures exclude certain pre-tax adjustments. For a reconciliation of non-GAAP financial measures to their most directly comparable GAAP measures, see "Non-GAAP Reconciliation" at the end of the press release. Second Quarter 2026 Earnings Release Conference Call Management will conduct a conference call to review 2Q 2026 results at 1:00 p.m. Eastern Time (ET) on Friday, July 24, 2026. Interested parties may access the conference call live on our Investor Relations website (https://investors.wsfsbank.com). For those who cannot access the live conference call, a replay will be accessible shortly after the event concludes through our Investor Relations website. About WSFS Financial Corporation WSFS Financial Corporation is a multibillion-dollar financial services company. Its primary subsidiary, WSFS Bank, is the oldest and largest locally headquartered bank and wealth management franchise in the Greater Philadelphia and Delaware region. As of June 30, 2026, WSFS Financial Corporation had $22.7 billion in assets on its balance sheet and $101.7 billion in assets under management and administration. WSFS operates from 114 offices, 87 of which are banking offices, located in Pennsylvania (58), Delaware (38), New Jersey (14), Florida (2), Nevada (1) and Virginia (1) and provides comprehensive financial services including commercial banking, consumer banking, treasury management, and trust and wealth management. Other subsidiaries or divisions include Arrow Land Transfer, Bryn Mawr Trust Advisors, LLC, Bryn Mawr Trust®, The Bryn Mawr Trust Company of Delaware, Cash Connect®, NewLane Finance®, WSFS Wealth® Management, LLC, WSFS Institutional Services®, and WSFS Mortgage®. Serving the Greater Delaware Valley since 1832, WSFS Bank is one of the ten oldest banks in the United States continuously operating under the same name. For more information, please visit www.wsfsbank.com. Forward-Looking Statements This press release contains estimates, predictions, opinions, projections and other "forward-looking statements" as that phrase is defined in the Private Securities Litigation Reform Act of 1995. Such statements include, without limitation, references to the Company's predictions or expectations of future business or financial performance as well as its goals and objectives for future operations, financial and business trends, business prospects, and management's outlook or expectations for earnings, revenues, expenses, capital levels, liquidity levels, asset quality or other future financial or business performance, strategies or expectations. The words “believe,” “expect,” “anticipate,” “plan,” “estimate,” “target,” “project” and similar expressions, among others, generally identify forward-looking statements. Such forward-looking statements are based on various assumptions (some of which may be beyond the Company's control) and are subject to risks and uncertainties (which change over time) and other factors which could cause actual results to differ materially from those currently anticipated. Such risks and uncertainties include, but are not limited to, difficult market conditions and unfavorable economic trends in the United States generally and in financial markets, particularly in the markets in which the Company operates and in which its loans are concentrated, including difficult and unfavorable conditions and trends related to housing markets, costs of living, unemployment levels, interest rates, supply chain issues, inflation, and economic growth; possible additional loan losses and impairment of the collectability of loans; the Company's level of nonperforming assets and the costs associated with resolving problem loans including litigation and other costs and complying with government-imposed foreclosure moratoriums; the credit risk associated with the substantial amount of commercial real estate, commercial and industrial, and construction and land development loans in the Company's loan portfolio; changes in market interest rates, which may increase funding costs and reduce earning asset yields and thus reduce margin; the impact of changes in interest rates and the credit quality and strength of underlying collateral and the effect of such changes on the market value of the Company's investment securities portfolio, which could impact market confidence in the Company's operations; the extensive federal and state regulation, supervision and examination governing almost every aspect of the Company's operations, and potential expenses associated with complying with such regulations; the Company's ability to comply with applicable capital and liquidity requirements, including its ability to generate liquidity internally or raise capital on favorable terms; the impacts related to or resulting from bank failures and other economic industry volatility, including potential increased regulatory requirements and costs and potential impacts to macroeconomic conditions; changes in trade, monetary and fiscal policies and stimulus programs, laws and regulations and other activities of governments, agencies, and similar organizations, and the uncertainty of the short- and long-term impacts of such changes; any impairments of the Company's goodwill or other intangible assets; the success of the Company's growth plans across our WSFS Bank, Cash Connect® and/or Wealth and Trust segments; the Company's ability to successfully integrate and fully realize the cost savings and other benefits of its acquisitions, manage risks related to business disruption following those acquisitions, and post-acquisition Client acceptance of the Company's products and services and related Client disintermediation; negative perceptions or publicity with respect to the Company generally and, in particular, the Company's Wealth and Trust business; failure of the financial and/or operational controls of the Company's Cash Connect® and/or Wealth and Trust segments; adverse judgments or other resolution of pending and future legal proceedings, and costs incurred in defending such proceedings; the Company's reliance on third parties for certain important functions, including the operation of its core systems, and any failures by such third parties; system failures or cybersecurity incidents or other breaches of the Company's network security, particularly given remote working arrangements; any actual or perceived failure or deficiency in the use of artificial intelligence by the Company or third-party vendors or service providers; the Company's ability to recruit and retain key Associates; the effects of weather, including climate change, and natural disasters such as floods, droughts, wind, tornadoes, wildfires and hurricanes as well as effects from geopolitical instability, armed conflicts, public health crises and man-made disasters including terrorist attacks; the effects of regional or national civil unrest (including any resulting branch or ATM closures or damage); possible changes in the speed of loan prepayments by the Company's Clients and loan origination or sales volumes; possible changes in market valuations and/or the speed of prepayments of mortgage-backed securities (MBS) due to changes in the interest rate environment, and the related acceleration of premium amortization on prepayments in the event that prepayments accelerate; regulatory limits on the Company's ability to receive dividends from its subsidiaries, and pay dividends to its stockholders; any reputation, credit, interest rate, market, operational, litigation, legal, liquidity, regulatory and compliance risk resulting from developments related to any of the risks discussed above; any compounding effects or unexpected interactions of the risks discussed above; and other risks and uncertainties, including those discussed in the Company's Annual Report on Form 10-K for the year ended December 31, 2025 under the heading “Risk Factors” and in other documents filed by the Company with the Securities and Exchange Commission from time to time. The Company cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date they are made. The Company disclaims any duty to revise or update any forward-looking statement, whether written or oral, that may be made from time to time by or on behalf of the Company for any reason, except as specifically required by law. As used in this press release, the terms "WSFS," "the Company," "registrant," "we," "us," and "our" mean WSFS Financial Corporation and its subsidiaries, on a consolidated basis, unless the context indicates otherwise. WSFS FINANCIAL CORPORATION FINANCIAL HIGHLIGHTS SUMMARY STATEMENTS OF INCOME (Unaudited) Three months ended Six months ended (Dollars in thousands, except per share data) June 30, 2026 March 31, 2026 June 30, 2025 June 30, 2026 June 30, 2025 Interest income: Interest and fees on loans $ 208,206 $ 205,243 $ 216,005 $ 413,449 $ 432,757 Interest on mortgage-backed securities 27,975 25,242 24,531 53,217 49,276 Interest and dividends on investment securities 2,157 2,171 2,186 4,328 4,372 Other interest income 18,498 16,553 10,468 35,051 17,663 256,836 249,209 253,190 506,045 504,068 Interest expense: Interest on deposits 59,694 59,497 70,124 119,191 141,228 Interest on Federal Home Loan Bank advances 491 439 949 930 1,887 Interest on senior and subordinated debt 2,765 2,766 1,089 5,531 3,163 Interest on trust preferred borrowings 1,370 1,355 1,518 2,725 3,041 Interest on other borrowings 16 16 15 32 38 64,336 64,073 73,695 128,409 149,357 Net interest income 192,500 185,136 179,495 377,636 354,711 Provision for (recovery of) credit losses 5,044 (1,998 ) 12,621 3,046 29,971 Net interest income after provision for (recovery of) credit losses 187,456 187,134 166,874 374,590 324,740 Noninterest income: Credit/debit card and ATM income 15,620 15,066 18,309 30,686 37,052 Investment management and fiduciary revenue 51,460 49,127 43,774 100,587 83,055 Deposit service charges 7,041 6,877 6,802 13,918 13,555 Mortgage banking activities, net 1,323 2,361 2,341 3,684 4,141 Loan and lease fee income 1,618 2,002 1,430 3,620 2,895 Unrealized loss on equity investment, net (4,134 ) — — (4,134 ) — Realized gain on sale of equity investment, net 159 — 18 159 18 Other income 16,881 14,682 15,335 31,563 28,190 89,968 90,115 88,009 180,083 168,906 Noninterest expense: Salaries, benefits and other compensation 95,767 91,887 89,145 187,654 171,622 Occupancy expense 8,309 10,139 8,829 18,448 18,722 Equipment expense 13,661 13,272 13,778 26,933 26,506 Data processing and operations expense 5,246 5,011 5,010 10,257 9,705 Professional fees 4,752 4,118 6,211 8,870 10,909 Marketing expense 2,567 2,135 1,925 4,702 3,620 FDIC expenses 2,523 2,634 2,433 5,157 5,011 Loan workout and other credit costs 2,087 2,174 1,629 4,261 1,869 Corporate development expense 63 57 (329 ) 120 (270 ) Restructuring expense — 2,796 — 2,796 260 Other operating expenses 31,325 28,542 30,712 59,867 63,184 166,300 162,765 159,343 329,065 311,138 Income before taxes 111,124 114,484 95,540 225,608 182,508 Income tax provision 26,795 27,639 23,319 54,434 44,420 Net income 84,329 86,845 72,221 171,174 138,088 Less: Net (loss) income attributable to noncontrolling interest (69 ) 18 (105 ) (51 ) (134 ) Net income attributable to WSFS $ 84,398 $ 86,827 $ 72,326 $ 171,225 $ 138,222 Diluted earnings per share of common stock: $ 1.63 $ 1.64 $ 1.27 $ 3.26 $ 2.39 Weighted average shares of common stock outstanding for fully diluted EPS 51,935,567 53,031,912 56,851,797 52,475,721 57,765,602 See “Notes” WSFS FINANCIAL CORPORATION FINANCIAL HIGHLIGHTS SUMMARY STATEMENTS OF INCOME (Unaudited) - continued Three months ended Six months ended June 30, 2026 March 31, 2026 June 30, 2025 June 30, 2026 June 30, 2025 Performance Ratios: Return on average assets (a) 1.52 % 1.61 % 1.39 % 1.56 % 1.34 % Return on average equity (a) 12.39 12.71 10.94 12.55 10.54 Return on average tangible common equity (a)(o) 19.78 20.18 18.08 19.98 17.50 Net interest margin (a)(b) 3.87 3.83 3.89 3.85 3.88 Efficiency ratio (c) 58.8 59.0 59.5 58.9 59.3 Noninterest income as a percentage of total net revenue (b) 31.8 32.7 32.8 32.2 32.2 See “Notes” WSFS FINANCIAL CORPORATION FINANCIAL HIGHLIGHTS (Continued) SUMMARY STATEMENTS OF FINANCIAL CONDITION (Unaudited) (Dollars in thousands) June 30, 2026 March 31, 2026 June 30, 2025 Assets: Cash and due from banks $ 2,173,149 $ 2,067,824 $ 899,713 Cash in non-owned ATMs 392,494 397,877 424,741 Investment securities, available-for-sale 3,841,008 3,581,894 3,494,783 Investment securities, held-to-maturity 943,292 958,219 994,340 Other investments 38,231 43,291 46,751 Net loans and leases (e)(f)(l) 13,323,785 13,153,815 12,965,825 Goodwill and intangibles 962,451 966,388 977,546 Other assets 979,538 937,607 959,593 Total assets $ 22,653,948 $ 22,106,915 $ 20,763,292 Liabilities and Stockholders’ Equity: Noninterest-bearing deposits $ 7,008,388 $ 6,371,522 $ 5,305,768 Interest-bearing deposits 11,995,247 12,096,966 11,815,701 Total client deposits 19,003,635 18,468,488 17,121,469 Federal Home Loan Bank advances — — 51,040 Other borrowings 307,017 310,355 252,419 Other liabilities 632,222 614,031 666,146 Total liabilities 19,942,874 19,392,874 18,091,074 Stockholders’ equity of WSFS 2,721,798 2,724,493 2,682,728 Noncontrolling interest (10,724 ) (10,452 ) (10,510 ) Total stockholders' equity 2,711,074 2,714,041 2,672,218 Total liabilities and stockholders' equity $ 22,653,948 $ 22,106,915 $ 20,763,292 Capital Ratios: Equity to asset ratio 12.01 % 12.32 % 12.92 % Tangible common equity to tangible asset ratio (o) 8.11 8.32 8.62 Common equity Tier 1 capital (required: 4.5%; well capitalized: 6.5%) (g) 13.76 13.91 14.07 Tier 1 leverage (required: 4.00%; well-capitalized: 5.00%) (g) 10.35 10.51 11.04 Tier 1 risk-based capital (required: 6.00%; well-capitalized: 8.00%) (g) 13.76 13.91 14.07 Total risk-based capital (required: 8.00%; well-capitalized: 10.00%) (g) 15.47 15.66 15.86 Asset Quality Indicators: Nonperforming assets: Nonaccruing loans (s)(n) $ 68,271 $ 75,112 $ 105,236 Assets acquired through foreclosure 12,690 12,717 930 Total nonperforming assets $ 80,961 $ 87,829 $ 106,166 Past due loans (h)(n) $ 8,112 $ 12,029 $ 23,012 Troubled loans (t)(n) 94,280 110,586 195,916 Allowance for credit losses 180,035 182,876 189,121 Ratio of nonperforming assets to total assets (n) 0.36 % 0.40 % 0.51 % Ratio of allowance for credit losses to total loans and leases (p) 1.32 1.36 1.43 Ratio of allowance for credit losses to nonaccruing loans (n) 260 240 177 Ratio of quarterly net charge-offs (recoveries) to average gross loans (a)(e)(i) 0.21 (0.11 ) 0.30 Ratio of year-to-date net charge-offs (recoveries) to average gross loans (a)(e)(i) 0.06 (0.11 ) 0.53 See “Notes” WSFS FINANCIAL CORPORATION FINANCIAL HIGHLIGHTS (Continued) AVERAGE BALANCE SHEET (Unaudited) (Dollars in thousands) Three months ended June 30, 2026 March 31, 2026 June 30, 2025 Average Balance Interest & Dividends Yield/ Rate (a)(b) Average Balance Interest & Dividends Yield/ Rate (a)(b) Average Balance Interest & Dividends Yield/ Rate (a)(b) Assets: Interest-earning assets: Loans: (e) (j) Commercial loans $ 4,838,475 $ 73,772 6.13 % $ 4,701,069 $ 70,169 6.07 % $ 4,632,578 $ 74,450 6.45 % Commercial real estate loans (r) 4,896,752 75,795 6.21 4,968,948 76,339 6.23 4,808,177 78,400 6.54 Commercial leases 581,053 12,560 8.65 588,782 12,850 8.73 630,955 13,776 8.73 Residential mortgage 1,142,113 15,774 5.52 1,089,151 14,638 5.38 965,480 12,935 5.36 Consumer loans 1,854,178 28,889 6.25 1,871,601 29,847 6.47 1,997,285 35,096 7.05 Loans held for sale 78,068 1,416 7.28 66,760 1,400 8.50 96,517 1,348 5.60 Total loans and leases 13,390,639 208,206 6.24 13,286,311 205,243 6.27 13,130,992 216,005 6.60 Mortgage-backed securities (d) 4,286,970 27,975 2.61 4,191,264 25,242 2.41 4,148,820 24,531 2.37 Investment securities (d) 363,491 2,157 2.71 368,318 2,171 2.72 366,391 2,186 2.70 Other interest-earning assets 1,979,080 18,498 3.75 1,793,908 16,553 3.74 934,152 10,468 4.49 Total interest-earning assets $ 20,020,180 $ 256,836 5.16 % $ 19,639,801 $ 249,209 5.16 % $ 18,580,355 $ 253,190 5.48 % Allowance for credit losses (183,731 ) (184,109 ) (188,252 ) Cash and due from banks 176,672 175,052 188,300 Cash in non-owned ATMs 378,583 351,909 390,275 Bank owned life insurance 37,833 37,289 36,042 Other noninterest-earning assets 1,843,940 1,855,211 1,898,721 Total assets $ 22,273,477 $ 21,875,153 $ 20,905,441 Liabilities and stockholders’ equity: Interest-bearing liabilities: Interest-bearing deposits: Interest-bearing demand $ 2,796,834 $ 6,254 0.90 % $ 2,828,403 $ 6,055 0.87 % $ 2,829,653 $ 7,337 1.04 % Savings 1,370,482 1,172 0.34 1,395,028 1,163 0.34 1,445,123 1,609 0.45 Money market 5,890,550 38,131 2.60 5,817,813 36,876 2.57 5,437,897 41,120 3.03 Time deposits 1,894,349 14,137 2.99 1,962,289 15,403 3.18 2,094,572 20,058 3.84 Total interest-bearing client deposits 11,952,215 59,694 2.00 12,003,533 59,497 2.01 11,807,245 70,124 2.38 Federal Home Loan Bank advances 50,000 491 3.88 44,444 439 4.01 84,007 949 4.53 Trust preferred borrowings 91,096 1,370 6.03 91,055 1,355 6.04 90,903 1,518 6.70 Senior and subordinated debt 196,997 2,765 5.61 196,919 2,766 5.62 148,708 1,089 2.93 Other borrowed funds 22,324 16 0.29 21,868 16 0.30 19,428 15 0.31 Total interest-bearing liabilities $ 12,312,632 $ 64,336 2.10 % $ 12,357,819 $ 64,073 2.10 % $ 12,150,291 $ 73,695 2.43 % Noninterest-bearing demand deposits 6,631,914 6,105,690 5,438,692 Other noninterest-bearing liabilities 606,784 652,541 674,616 Stockholders’ equity of WSFS 2,732,684 2,769,574 2,652,257 Noncontrolling interest (10,537 ) (10,471 ) (10,415 ) Total liabilities and equity $ 22,273,477 $ 21,875,153 $ 20,905,441 Excess of interest-earning assets over interest-bearing liabilities $ 7,707,548 $ 7,281,982 $ 6,430,064 Net interest and dividend income $ 192,500 $ 185,136 $ 179,495 Interest rate spread 3.06 % 3.06 % 3.05 % Net interest margin 3.87 % 3.83 % 3.89 % See “Notes” WSFS FINANCIAL CORPORATION FINANCIAL HIGHLIGHTS (Continued) (Unaudited) (Dollars in thousands, except per share data) Three months ended Six months ended Stock Information: June 30, 2026 March 31, 2026 June 30, 2025 June 30, 2026 June 30, 2025 Market price of common stock: High $78.39 $71.32 $57.06 $78.39 $59.43 Low 64.98 54.31 42.44 54.31 42.44 Close 76.73 65.46 55.00 76.73 55.00 Book value per share of common stock 52.97 52.24 47.71 Tangible common book value (TBV) per share of common stock (o) 34.24 33.71 30.32 Number of shares of common stock outstanding (000s) 51,388 52,149 56,235 Other Financial Data: One-year repricing gap to total assets (k)(u) 6.45% 4.72% (2.69)% Weighted average duration of the MBS portfolio 5.6 years 5.8 years 6.2 years Unrealized losses on securities available for sale, net of taxes $(393,925) $(385,270) $(445,065) Number of Associates (FTEs) (m) 2,391 2,348 2,375 Number of offices (branches, LPO’s, operations centers, etc.) 114 114 115 Notes: Annualized.Computed on a fully tax-equivalent basis.Noninterest expense divided by (tax-equivalent) net interest income and noninterest income.Includes securities held-to-maturity (at amortized cost) and securities available-for-sale (at fair value).Net of unearned income.Net of allowance for credit losses.Represents capital ratios of WSFS Financial Corporation and subsidiaries. Capital Ratios for the current quarter are to be considered preliminary until regulatory filings for the quarter are completed.Accruing loans which are contractually past due 90 days or more as to principal or interest. Balance includes student loans, which are U.S. government guaranteed with little risk of credit loss.Excludes loans held for sale and reverse mortgage loans.Nonperforming loans are included in average balance computations.The difference between projected amounts of interest-sensitive assets and interest-sensitive liabilities repricing within one year divided by total assets, based on a current interest rate scenario.Includes loans held for sale and reverse mortgages.Includes seasonal Associates, when applicable.Includes loans held for sale.The Company uses non-GAAP (United States Generally Accepted Accounting Principles) financial information in its analysis of the Company’s performance. The Company’s management believes that these non-GAAP financial measures provide a greater understanding of ongoing operations, enhance comparability of results of operations with prior periods and show the effects of significant gains and charges in the periods presented. The Company’s management believes that investors may use these non-GAAP financial measures to analyze the Company’s financial performance without the impact of unusual items or events that may obscure trends in the Company’s underlying performance. This non-GAAP data should be considered in addition to results prepared in accordance with GAAP, and is not a substitute for, or superior to, GAAP results. For a reconciliation of these and other non-GAAP financial measures to their most directly comparable GAAP measures, see "Non-GAAP Reconciliation" at the end of the press release.Reflects allowance for credit losses on loans and leases over the amortized cost of the total portfolio.Includes provision for credit losses, loan workout expenses, OREO expenses and other credit costs.Includes commercial mortgage and commercial construction loans.Includes nonaccruing troubled loans.Represents loans modified in the form of principal forgiveness, interest rate reduction, an other-than-insignificant payment delay, or a term extension to borrowers experiencing financial difficulty.Includes the impact of cash flow hedges. Prior period amounts have been updated to conform to current presentation. WSFS FINANCIAL CORPORATION FINANCIAL HIGHLIGHTS (Continued) (Dollars in thousands, except per share data) (Unaudited) Non-GAAP Reconciliation (o): Three months ended Six months ended June 30, 2026 March 31, 2026 June 30, 2025 June 30, 2026 June 30, 2025 Net interest income (GAAP) $ 192,500 $ 185,136 $ 179,495 $ 377,636 $ 354,711 Core net interest income (non-GAAP) 192,500 185,136 179,495 377,636 354,711 Noninterest income (GAAP) 89,968 90,115 88,009 180,083 168,906 Plus: Unrealized loss on equity investments, net (4,134 ) — — (4,134 ) — Less: Realized gain on sale of equity investment, net 159 — 18 159 18 Less: Gain on sale of credit card portfolio 1,746 — — 1,746 — Core fee revenue (non-GAAP) $ 92,197 $ 90,115 $ 87,991 $ 182,312 $ 168,888 Core net revenue (non-GAAP) $ 284,697 $ 275,251 $ 267,486 $ 559,948 $ 523,599 Core net revenue (non-GAAP)(tax-equivalent) $ 285,231 $ 275,780 $ 267,972 $ 561,011 $ 524,540 Noninterest expense (GAAP) $ 166,300 $ 162,765 $ 159,343 $ 329,065 $ 311,138 Less/(plus): Corporate development expense 63 57 (329 ) 120 (270 ) Less: Restructuring expense — 2,796 — 2,796 260 Core noninterest expense (non-GAAP) $ 166,237 $ 159,912 $ 159,672 $ 326,149 $ 311,148 Core efficiency ratio (non-GAAP) 58.3 % 58.0 % 59.6 % 58.1 % 59.3 % Core fee revenue ratio (non-GAAP) (b) 32.3 % 32.7 % 32.8 % 32.5 % 32.2 % End of period June 30, 2026 March 31, 2026 June 30, 2025 Total assets (GAAP) $ 22,653,948 $ 22,106,915 $ 20,763,292 Less: Goodwill and other intangible assets 962,451 966,388 977,546 Total tangible assets (non-GAAP) $ 21,691,497 $ 21,140,527 $ 19,785,746 Total stockholders’ equity of WSFS (GAAP) $ 2,721,798 $ 2,724,493 $ 2,682,728 Less: Goodwill and other intangible assets 962,451 966,388 977,546 Total tangible common equity (non-GAAP) $ 1,759,347 $ 1,758,105 $ 1,705,182 Tangible common book value (TBV) per share: Book value per share (GAAP) $ 52.97 $ 52.24 $ 47.71 Tangible common book value per share (non-GAAP) 34.24 33.71 30.32 Tangible common equity to tangible assets: Equity to asset ratio (GAAP) 12.01 % 12.32 % 12.92 % Tangible common equity to tangible assets ratio (non-GAAP) 8.11 8.32 8.62 Non-GAAP Reconciliation - continued (o): Three months ended Six months ended June 30, 2026 March 31, 2026 June 30, 2025 June 30, 2026 June 30, 2025 GAAP net income attributable to WSFS $ 84,398 $ 86,827 $ 72,326 $ 171,225 $ 138,222 Plus/(less): Pre-tax adjustments: Realized/unrealized gain (loss) on equity investments, net, gain on sale of credit card portfolio, corporate development and restructuring expense 2,292 2,853 (347 ) 5,145 (28 ) (Less)/plus: Tax impact of pre-tax adjustments (539 ) (639 ) 149 (1,178 ) 99 Adjusted net income (non-GAAP) attributable to WSFS $ 86,151 $ 89,041 $ 72,128 $ 175,192 $ 138,293 GAAP return on average assets (ROA) 1.52 % 1.61 % 1.39 % 1.56 % 1.34 % Plus/(less): Pre-tax adjustments: Realized/unrealized gain (loss) on equity investments, net, gain on sale of credit card portfolio, corporate development and restructuring expense 0.04 0.05 (0.01 ) 0.05 — (Less)/plus: Tax impact of pre-tax adjustments (0.01 ) (0.01 ) — (0.01 ) — Core ROA (non-GAAP) 1.55 % 1.65 % 1.38 % 1.60 % 1.34 % Less: Impact of loan recovery (after-tax) — 0.22 — 0.11 — Core ROA excluding loan recovery (non-GAAP) 1.55 % 1.43 % 1.38 % 1.49 % 1.34 % Earnings per share (diluted) (GAAP) $ 1.63 $ 1.64 $ 1.27 $ 3.26 $ 2.39 Plus/(less): Pre-tax adjustments: Realized/unrealized gain (loss) on equity investments, net, gain on sale of credit card portfolio, corporate development and restructuring expense 0.04 0.05 (0.01 ) 0.10 — (Less)/plus: Tax impact of pre-tax adjustments (0.01 ) (0.01 ) 0.01 (0.02 ) — Core earnings per share (non-GAAP) $ 1.66 $ 1.68 $ 1.27 $ 3.34 $ 2.39 Less: Impact of loan recovery (after-tax) — 0.23 — 0.23 — Core EPS excluding loan recovery (non-GAAP) $ 1.66 $ 1.45 $ 1.27 $ 3.11 $ 2.39 Calculation of return on average tangible common equity: GAAP net income attributable to WSFS $ 84,398 $ 86,827 $ 72,326 $ 171,225 $ 138,222 Plus: Tax effected amortization of intangible assets 2,766 2,778 2,946 5,544 5,891 Net tangible income (non-GAAP) $ 87,164 $ 89,605 $ 75,272 $ 176,769 $ 144,113 Average stockholders’ equity of WSFS $ 2,732,684 $ 2,769,574 $ 2,652,257 $ 2,751,027 $ 2,644,847 Less: Average goodwill and intangible assets 964,974 968,555 982,533 966,755 984,624 Net average tangible common equity $ 1,767,710 $ 1,801,019 $ 1,669,724 $ 1,784,272 $ 1,660,223 Return on average tangible common equity (non-GAAP) 19.78 % 20.18 % 18.08 % 19.98 % 17.50 % Calculation of PPNR: Net income (GAAP) $ 84,329 $ 86,845 $ 72,221 $ 171,174 $ 138,088 Plus: Income tax provision 26,795 27,639 23,319 54,434 44,420 Plus/(less): Provision for (recovery of) credit losses 5,044 (1,998 ) 12,621 3,046 29,971 PPNR (non-GAAP) $ 116,168 $ 112,486 $ 108,161 $ 228,654 $ 212,479 Non-GAAP Reconciliation - continued (o): Three months ended June 30, 2026 March 31, 2026 June 30, 2025 Calculation of adjusted total net credit costs and adjusted net charge-offs: Total net credit costs (GAAP) $ 7,131 $ 176 $ 14,250 Less: Recovery on previously charged-off loan — (15,686 ) — Adjusted total net credit costs (non-GAAP) $ 7,131 $ 15,862 $ 14,250 Net charge-offs (GAAP) $ 7,111 $ (3,456 ) $ 9,767 Less: Recovery on previously charged-off loan — (15,686 ) — Adjusted net charge-offs (non-GAAP) $ 7,111 $ 12,230 $ 9,767 Calculation of Cash Connect® adjusted net profit margin: Cash Connect® net revenue (GAAP) $ 19,728 $ 19,601 $ 21,141 Cash Connect® pre-tax income (GAAP) $ 2,951 $ 3,013 $ 3,293 Less: Impact of insurance recovery — — (1,612 ) Cash Connect® adjusted pre-tax income (non-GAAP) $ 2,951 $ 3,013 $ 1,681 GAAP Cash Connect® net profit margin 15.0 % 15.4 % 15.6 % Cash Connect® adjusted net profit margin (non-GAAP) 15.0 % 15.4 % 8.0 % Source: WSFS Financial Corporation Multimedia Files: