The EPS beat was driven by strong NII growth and Wealth & Trust fee momentum, but revenue missed consensus by ~2.6% and problem assets rose notably QoQ. Watch the Q4 earnings call for credit quality updates on the multifamily/construction book and NIM trajectory given rising deposit costs.
Price Chart
Executive Summary
WSFS reported Q3 2026 GAAP diluted EPS of $1.75, a 27.7% YoY increase and a 5.1% beat vs consensus of $1.67. Total net revenue was $287.6M, with net interest income up 7% YoY to $196.6M and Wealth & Trust fees surging 30% YoY. The company continued aggressive capital return, repurchasing $59.6M in stock during the quarter and $210.8M YTD (5.6% of outstanding shares).
Key Financial Metrics
Key Facts
- GAAP diluted EPS of $1.75 beat consensus of $1.67 by 5.1%
- Net income attributable to WSFS of $89.3M, up 16.9% YoY
- Net interest income of $196.6M, up 7% YoY
- Wealth & Trust fee revenue up 30% YoY to $54.7M
- Core efficiency ratio improved to 56.1% from 60.2% a year ago
- Repurchased 748,970 shares for $59.6M in Q3; $210.8M YTD
- Gross loans grew 5% annualized QoQ and 4.9% YoY
- NIM expanded 1bp QoQ to 3.88%
- Problem assets increased $57.5M QoQ to $530.4M, driven by multifamily/construction downgrades
- Book value per share fell 3% QoQ to $51.58 due to AOCI losses on securities
Financial Impact
EPS of $1.75 vs $1.67 consensus (+5.1%); net revenue $287.6M vs $295.4M consensus (-2.6%)
Risk Factors
- Problem assets increased $57.5M QoQ to $530.4M, led by multifamily/construction downgrades
- Deposit costs rose 4bps QoQ amid elevated competition, pressuring NIM
- Ending deposits fell 3% QoQ due to expected transactional outflows
- AOCI losses on securities portfolio widened to $518.5M, reducing tangible book value
- Revenue missed consensus by ~2.6%
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000828944-26-000034 |
| Document: a3q26supplement102226.htm | 0000828944-26-000034 |
| Document: wsfs-20261022.htm | 0000828944-26-000034 |
| Document: 0000828944-26-000034-index-headers.html | 0000828944-26-000034 |
| Document: 0000828944-26-000034-index.html | 0000828944-26-000034 |
| Document: 0000828944-26-000034.txt | 0000828944-26-000034 |
| 8-K Data (Synthetic) | 0000828944-26-000034 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 5d ago | 8-K | $79.02 $79.57 | ▲ +0.70% | ▼ −0.01% | $78.85 (−0.22%) |
Oct 6, 2026 21d ago | 8-K | $75.92 $74.75 | ▼ −1.54% | ▼ −1.30% | $78.85 (+3.86%) |
Aug 24, 2026 9w ago | S-3ASR | $78.58 $78.62 | ▲ +0.05% | ▲ +0.03% | $78.85 (+0.34%) |
Jun 11, 2026 19w ago | 8-K | $75.24 $74.17 | ▼ −1.42% | ▼ −3.19% | $78.85 (+4.80%) |
Apr 23, 2026 26w ago | 8-K | $71.19 $71.64 | ▲ +0.63% | ▲ +0.47% | $78.85 (+10.76%) |
Apr 2, 2026 29w ago | DEFA14A | $66.12 $67.37 | ▲ +1.90% | ▲ +1.42% | $78.85 (+19.26%) |
US Market Status
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