WILMINGTON, DE — Kroll Bond Rating Agency (KBRA) has reaffirmed its confidence in WSFS Financial Corporation (NASDAQ: WSFS), maintaining an A- senior unsecured debt rating and a BBB+ subordinated debt rating for the company. The agency also upheld a short-term debt rating of K2.
WSFS Bank, the company’s primary subsidiary, received equally robust assessments, including A ratings for senior unsecured debt and deposits, an A- subordinated debt rating, and K1 short-term debt and deposit ratings.
“For the tenth consecutive year, WSFS has received a strong Investment Grade debt rating from KBRA,” said David Burg, Executive Vice President and Chief Financial Officer at WSFS. “This rating reflects our diversified revenue model and strong returns, while maintaining ample capital and liquidity. We continue to be well-positioned to serve our Clients and support our communities.”
KBRA cited WSFS’s diversified and stable fee income, particularly from its premier wealth and trust divisions, as a core strength underpinning its ratings. The company’s fee revenue is viewed as a key differentiator, supporting profitability even amid shifting economic conditions.
The agency also pointed to WSFS’s healthy net interest margin, bolstered by a low-cost deposit base and a well-balanced loan portfolio that effectively manages fixed and variable rate exposures. These elements have contributed to consistently strong financial performance.
WSFS’s dominant market position, holding the largest deposit market share among locally headquartered banks, further strengthens its credit profile. KBRA highlighted the bank’s presence in economically diverse regions with favorable demographics, which enhances resilience during periods of economic stress.
The bank’s historical asset quality metrics were also commended, reflecting sound underwriting standards and disciplined credit administration across a diversified loan book.
With reaffirmed investment-grade ratings and continued operational stability, WSFS Financial Corporation remains well-positioned to capitalize on growth opportunities while supporting its clients and local communities.
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