UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-35638 WSFS FINANCIAL CORPORATION (Exact Name of Registrant as Specified in its Charter) (State or other Jurisdiction of Incorporation ...

PART I. Financial Information [Financial Statements (Unaudited)](index=5&type=section&id=Item%201.%20Financial%20Statements%20%28Unaudited%29) The unaudited consolidated financial statements for Q3 and nine months ended September 30, 2019, reflect significant growth in assets, liabilities, and equity, primarily due to the Beneficial Bancorp acquisition [Consolidated Statements of Income](index=5&type=section&id=Consolidated%20Statements%20of%20Income) Net income attributable to WSFS significantly increased in Q3 2019 to **$53.9 million**, driven by a substantial rise in net interest income, while nine-month net income slightly decreased due to acquisition-related expenses Consolidated Income Statement Highlights (in thousands, except per share data) | Metric | Q3 2019 | Q3 2018 | Change | Nine Months 2019 | Nine Months 2018 | Change | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | **Net Interest Income** | $120,833 | $63,097 | +91.5% | $327,379 | $181,800 | +80.1% | | **Provision for Loan Losses** | $4,121 | $3,716 | +10.9% | $23,970 | $9,864 | +143.0% | | **Noninterest Income** | $62,346 | $41,901 | +48.8% | $146,339 | $124,355 | +17.7% | | **Noninterest Expense** | $109,561 | $52,454 | +108.9% | $315,001 | $163,697 | +92.4% | | **Net Income Attributable to WSFS** | $53,882 | $38,935 | +38.4% | $103,105 | $105,025 | -1.8% | | **Diluted EPS** | $1.02 | $1.20 | -15.0% | $2.12 | $3.26 | -35.0% | - Corporate development and restructuring expenses significantly increased in 2019 due to the Beneficial acquisition, totaling **$18.9 million** in Q3 2019 and **$65.7 million** for the nine-month period, compared to **$3.8 million** and **$4.3 million** in the respective 2018 periods[14](index=14&type=chunk) [Consolidated Statements of Financial Condition](index=7&type=section&id=Consolidated%20Statements%20of%20Financial%20Condition) Total assets grew to **$12.3 billion** as of September 30, 2019, a **69.3% increase** primarily driven by the Beneficial acquisition, which significantly expanded loans, deposits, and stockholders' equity Consolidated Balance Sheet Highlights (in thousands) | Metric | Sep 30, 2019 | Dec 31, 2018 | Change | | :--- | :--- | :--- | :--- | | **Total Assets** | $12,272,673 | $7,248,870 | +69.3% | | **Net Loans and Leases** | $8,480,712 | $4,863,919 | +74.4% | | **Goodwill** | $472,958 | $166,007 | +184.9% | | **Total Deposits** | $9,533,193 | $5,640,431 | +69.0% | | **Total Liabilities** | $10,416,216 | $6,427,950 | +62.0% | | **Total Stockholders' Equity** | $1,856,457 | $820,920 | +126.1% | [Notes to the Consolidated Financial Statements](index=12&type=section&id=Notes%20to%20the%20Consolidated%20Financial%20Statements) The notes detail significant accounting policies, the financial impact of the **$1.2 billion** Beneficial acquisition, and the adoption of new lease accounting standards, reflecting substantial balance sheet expansion - On March 1, 2019, the company acquired Beneficial Bancorp, Inc. for a total consideration of **$1.2 billion**, consisting of **$950.0 million** in stock and **$228.2 million** in cash, which resulted in goodwill of **$307.0 million**[54](index=54&type=chunk)[57](index=57&type=chunk) - The company adopted new lease accounting guidance (ASC 842) on January 1, 2019, resulting in the recognition of right-of-use assets of **$121.3 million** and lease liabilities of **$132.3 million**[40](index=40&type=chunk)[27](index=27&type=chunk) - The company is preparing to adopt the Current Expected Credit Losses (CECL) methodology (ASU 2016-13) on January 1, 2020, which is expected to materially increase the allowance for credit losses and decrease capital levels[45](index=45&type=chunk)[46](index=46&type=chunk)[47](index=47&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=54&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management attributes significant financial growth, including **$12.3 billion** in total assets and increased Q3 net income, primarily to the Beneficial acquisition, while also highlighting a strong net interest margin and ongoing share repurchases - The acquisition of Beneficial Bancorp, Inc. on March 1, 2019, is the primary driver of financial changes, creating the largest locally-headquartered bank in the Greater Delaware Valley with **$12.3 billion in assets**[245](index=245&type=chunk)[253](index=253&type=chunk) - The company completed the systems integration and rebranding of Beneficial Bank in Q3 2019, along with a branch optimization plan that included consolidating or divesting **30 branches**[254](index=254&type=chunk)[255](index=255&type=chunk) - WSFS repurchased **1,230,640 shares** of common stock for **$51.9 million** (average price **$42.20**) during the first nine months of 2019 under its buyback program[260](index=260&type=chunk) Key Performance Metrics | Metric | Q3 2019 | Q3 2018 | Nine Months 2019 | Nine Months 2018 | | :--- | :--- | :--- | :--- | :--- | | **Net Income (attributable to WSFS)** | $53.9M | $38.9M | $103.1M | $105.0M | | **Net Interest Margin** | 4.38% | 4.11% | 4.47% | 4.07% | | **Provision for Loan Losses** | $4.1M | $3.7M | $24.0M | $9.9M | [Quantitative and Qualitative Disclosures About Market Risk](index=68&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company manages market risk, primarily from interest rate fluctuations, through its Asset/Liability Committee, with detailed disclosures incorporated by reference from Item 2 - The information regarding market risk is incorporated by reference from the 'Interest Rate Sensitivity' section in Item 2 of this report[310](index=310&type=chunk) [Controls and Procedures](index=68&type=section&id=Item%204.%20Controls%20and%20Procedures) The principal executive and financial officers concluded that disclosure controls and procedures were effective, with no material changes to internal control over financial reporting during Q3 2019 - The CEO and CFO concluded that as of September 30, 2019, the company's disclosure controls and procedures were effective[312](index=312&type=chunk) - No material changes to the internal control over financial reporting occurred during the third quarter of 2019[312](index=312&type=chunk) PART II. Other Information [Legal Proceedings](index=69&type=section&id=Item%201.%20Legal%20Proceedings) Legal proceedings information is incorporated by reference, detailing ongoing efforts to recover settlement costs and a pending lawsuit concerning life settlement policies scheduled for trial in **Q1 2020** - The company is pursuing recovery of costs related to a **$12.0 million settlement** with Universitas Education, LLC, having already recovered **$7.9 million** from insurance carriers in Q3 2018[241](index=241&type=chunk) - A lawsuit by Nature's Healing Trust (NHT) alleging failure to provide notice on lapsed life settlement policies is scheduled for trial in **Q1 2020** The company is vigorously defending itself[242](index=242&type=chunk) [Risk Factors](index=69&type=section&id=Item%201A.%20Risk%20Factors) No material changes to the previously disclosed risk factors were reported since the Annual Report on Form 10-K for the year ended December 31, 2018 - No material changes to risk factors were reported since the Form 10-K for the year ended December 31, 2018[315](index=315&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=69&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) During Q3 2019, the company repurchased **959,300 shares** of common stock at an average price of **$42.33**, as part of an ongoing buyback program with **1,906,338 shares** remaining available Share Repurchases in Q3 2019 | Month | Total Shares Purchased | Average Price Paid Per Share | Shares Remaining in Program | | :--- | :--- | :--- | :--- | | July | 144,300 | $41.80 | 2,721,338 | | August | 475,000 | $41.50 | 2,246,338 | | September | 340,000 | $43.72 | 1,906,338 | | **Total Q3** | **959,300** | **$42.33** | **1,906,338** | - The share buyback program was approved in **Q4 2018**, authorizing the repurchase of up to **3,136,978 shares** of common stock following the Beneficial acquisition[317](index=317&type=chunk) [Defaults upon Senior Securities](index=70&type=section&id=Item%203.%20Defaults%20upon%20Senior%20Securities) There were no defaults upon senior securities during the reporting period - There were no defaults upon senior securities during the reporting period[320](index=320&type=chunk) [Mine Safety Disclosures](index=70&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This item is not applicable to the company - This item is not applicable to the company[321](index=321&type=chunk) [Other Information](index=70&type=section&id=Item%205.%20Other%20Information) There was no other information to report for the period - There was no other information to report for the period[322](index=322&type=chunk) [Exhibits](index=70&type=section&id=Item%206.%20Exhibits) This section lists exhibits filed with the Form 10-Q, including the Beneficial Bancorp reorganization agreement, corporate governance documents, CEO/CFO certifications, and XBRL data files - Key exhibits filed include CEO/CFO certifications (Exhibits **31.1**, **31.2**, **32**) and XBRL interactive data files (Exhibits **101** and **104**)[323](index=323&type=chunk)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-35638 WSFS FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) (State or other jurisdiction of Incorpora ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-35638 WSFS FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) Delaware 22-2866913 (State or other jurisdiction of Incorporation or organization) (I.R.S. Employer Identification Number) 500 Delaware Avenue, Wilmington, Delaware 19801 x QUA ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2018 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-35638 WSFS FINANCIAL CORPORATION (Mark One) (Exact Name of Registrant as Specified in its Charter) Delaware 22-2866913 (State or other Jurisdict ...