WILMINGTON, DE — WSFS Financial Corporation (Nasdaq: WSFS) reported first-quarter 2026 earnings of $86.8 million, or $1.64 per share, and approved an 18% increase in its quarterly dividend.
Core earnings per share were $1.68, up 17% from the fourth quarter of 2025. Core return on assets was 1.65%.
The board approved a quarterly cash dividend of $0.20 per share, payable May 22, 2026, to stockholders of record as of May 8, 2026. It also authorized additional share repurchases equal to 15% of outstanding shares as of March 31.
WSFS repurchased $85.0 million in common stock during the quarter and paid $9.0 million in dividends, returning $94.0 million to stockholders.
Client deposits increased $826.0 million, or 5%, from the previous quarter, while commercial and industrial loans grew 2%.
Core fee revenue totaled $90.1 million, flat from the previous quarter and up 11% from a year earlier. Wealth and Trust fee revenue increased 25% year over year.
Net interest income rose 6% from the first quarter of 2025, while net interest margin was 3.83%.
Problem assets decreased $32.0 million from the prior quarter, while nonperforming assets increased $15.7 million.
“WSFS performed very well in the first quarter as reflected by a 49% year-over-year increase in core EPS,” said Rodger Levenson, chairman, CEO and president.
Capital ratios remained above well-capitalized regulatory benchmarks at March 31, including a common equity Tier 1 capital ratio of 13.91%.
WSFS is the parent company of WSFS Bank.
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