WSFS Financial publishes Q3 2026 earnings call transcript
WSFS•WSFS reported core earnings per share of $1.75, up 25% year over year, and a 3.88% net interest margin, up 1 basis point sequentially. Management said it returned about 80% of quarterly net income through repurchases and dividends, down from approximately 100% previously.
1. Quarterly results and outlook
WSFS' October 23 third-quarter earnings call featured Chairman and CEO Rodger Levenson and CFO David Burg. Burg expects normalized deposit betas of 45%-50% and said each 25-basis-point rate increase could lift net interest margin about 2 basis points. Wealth and Trust revenue grew 30% year over year; Burg targets sustained double-digit growth but does not expect that pace to persist.
2. Capital returns
Management slowed share repurchases as interest rates rose, returning about 80% of quarterly net income versus approximately 100% previously.
