WILMINGTON, DE — WSFS Financial Corporation (Nasdaq: WSFS), the parent company of WSFS Bank, reported strong financial results for the first quarter of 2025, marked by stable performance amidst cautious economic conditions. WSFS achieved a core earnings per share (EPS) of $1.13 and a core return on assets (ROA) of 1.29%, driven by a net interest margin of 3.88%.
“Despite uncertain economic conditions, WSFS continued to perform well in the first quarter with a core EPS of $1.13 and a core ROA of 1.29%,” said Rodger Levenson, Chairman, CEO, and President of WSFS. “These results were driven by the net interest margin of 3.88%, which expanded 8bps from the previous quarter.”
Key highlights include a 13% increase in WSFS’ quarterly dividend to $0.17 per share and a new stock repurchase authorization of 10% of outstanding shares as of quarter-end. During the quarter, the company returned $62.6 million to shareholders through share repurchases and quarterly dividends.
Core fee revenue rose 6% year-over-year, led by a 19% growth in Wealth and Trust segment revenues. Significant contributors included strong performances by Institutional Services and The Bryn Mawr Trust Company of Delaware. Meanwhile, net interest income and expense management efforts supported stability across WSFS’ business units.
Strategic operational highlights included the continued replacement of aging natural gas pipelines and progress in reducing emissions linked to its clientele’s footprint while preserving flexibility for future loan growth. The bank ended the quarter with a loan-to-deposit ratio of 77%, underlining its strong funding capacity.
“We thank our customers and shareholders for their continued trust and support,” added Levenson. “The meaningful capital returns and operational investments strengthen WSFS’ position as a leading community bank, focused on delivering value to our customers and the communities we serve.”
Looking ahead, WSFS is prepared to adapt to economic shifts while driving efficiency and shareholder returns. The company remains committed to its disciplined strategies of growth, client service, and capital management.
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