WSFS Financial Reports Strong Q2 Earnings with Improved Metrics
WSFS Financial Corporation (NASDAQ: WSFS) reported strong financial results for the second quarter of 2026, including a core earnings per share (EPS) of $1.66 and a core return on assets (ROA) of 1.55%. Core EPS increased by 31% year over year due to higher fee income, deposit growth, and selected lending expansion. The company's net interest margin expanded to 3.87%, driven by lower deposit costs and rising investment yields. Management raised its full-year outlook for net interest margin to approximately 3.85%. Despite a more competitive deposit environment that may increase funding costs in the future, WSFS returned $77 million of capital through buybacks during the quarter. Asset quality also improved with declines in problem assets and delinquencies. Fee revenue grew by 2% from Q1 and 5% year over year, supported by strong performance across wealth management, trust services, corporate trust, and global capital markets segments.
Topics: capital returns financial performance net interest margin