WSFS Financial Corporation 1 1Q 2023 Earnings Release Supplement April 2023 Forward Looking Statements & Non-GAAP Forward Looking Statements: This presentation contains estimates, predictions, opinions, projections and other "forward-looking statements" as that phrase is defined in the Private Securities Litigation Reform Act of 1995. Such statements include, without limitation, references to the Company's predictions or expectations of future business or financial performance as well as its goals and objec ...

Financial Data and Key Metrics Changes - The first quarter core PPNR percentage was 2.29% and core ROA was 1.27% [6] - Gross loans grew by $230 million in the quarter, with $155 million from commercial loans and $68 million from the Spring EQ consumer partnership [10] - The first quarter net interest margin was 4.25%, with loan yields increasing by 44 basis points to 6.42% [11] - Core fee revenue was $63.7 million, representing a 5% growth compared to the first quarter of 2022 [12] - The efficiency ratio for the quarter was 53.9%, indicating continued discipline in cost management [12] Business Line Data and Key Metrics Changes - Non-interest-bearing demand deposits comprised 33% of customer deposits, while no and low interest demand made up 53% [8] - Core fee revenue growth was 7% year-over-year when excluding fee income from BMT Insurance Advisors, which was sold in 2Q of 2022 [12] - Delinquencies increased by 32 basis points to 83 basis points of gross loans, primarily due to two C&I long-term problem loan relationships [14] Market Data and Key Metrics Changes - 73% of deposits are insured, with 64% FDIC insured and another 9% collateralized or otherwise protected [7] - The company utilized $1.1 billion of wholesale funding, which is only 6% of total balance sheet funding [8] - The ACL coverage ratio increased by 11 basis points to 1.28% [16] Company Strategy and Development Direction - The company remains focused on its relationship-based banking model and is well-positioned to continue executing its strategic plan objectives [17] - The management emphasized the importance of evaluating the macroeconomic and credit environment before making capital return decisions [22] - The company is open to both organic growth and potential acquisitions, while also considering share repurchases as excess capacity allows [22] Management Comments on Operating Environment and Future Outlook - Management acknowledged the uncertainty in the macroeconomic outlook and near-term market conditions but expressed confidence in the company's position [17] - The company plans to provide an update to its full-year outlook when reporting second-quarter earnings [16] - Management noted that deposit betas had increased to 28%, with potential for them to end in the mid to high 40s by the end of 2023 [18] Other Important Information - The company’s capital levels remain well above well-capitalized standards [9] - Problem assets continue to show positive trends post-COVID, with NPAs remaining stable at historical lows [14] - The investment portfolio is expected to cash flow at $50 million a month, which will fund some of the loan growth [25] Q&A Session Summary Question: Thoughts on deposit betas and industry trends - Management indicated that deposit betas increased to 28%, slightly higher than earlier expectations, with potential to reach mid to high 40s by year-end [18][19] Question: Non-interest-bearing deposit base and future trends - Management expects continued opportunities to grow the trust deposit business, though impacted by capital market flows [21] Question: Capital allocation strategy between organic growth and buybacks - Management stated that capital return decisions are based on the economic environment, with a focus on funding organic growth first [22] Question: Liquidity capacity and wholesale funding usage - Management confirmed a total capacity of $6.3 billion at FHLB, with expectations to utilize wholesale funding as needed based on loan growth [24][25] Question: Future provision levels and economic factors - Management noted that the ACL model has captured current economic uncertainty, with future provisions driven by net loan growth [27] Question: Charge-offs in consumer portfolios - Management clarified that charge-offs from the Upstart portfolio are expected to stabilize, with the focus on larger portfolios driving future charge-offs [29][30] Question: Securities portfolio repositioning - Management continues to evaluate the securities portfolio but is currently comfortable with its cash flow position [31] Question: Loan growth outlook and appetite - Management remains open for business, focusing on supporting existing customers while exploring new opportunities [34]

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, 2022 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 | | --- | --- | | (St ...

Financial Data and Key Metrics Changes - The core net interest margin for Q4 2022 was 4.49%, an increase of 50 basis points or 13% compared to Q3 2022 [6] - Core EPS, core ROA, and core PPNR increased by 12%, 13%, and 14% respectively from the previous quarter [8] - Total customer deposits declined approximately 2% linked quarter or 6% annualized, primarily due to lower institutional trust deposits and seasonal runoff [7] Business Line Data and Key Metrics Changes - Loan growth was solid, with expectations for mid-single-digit growth across all lending portfolios in 2023 [8][9] - Core fee revenue growth is anticipated in the mid- to high single digits, driven by Cash Connect's variable rate fee pricing and franchise growth [12] - The investment portfolio has grown to be in the high 20% of total assets, generating over $40 million of pretax income in 2022 [10] Market Data and Key Metrics Changes - The company expects deposits to remain relatively flat by year-end, with a loan-to-deposit ratio of 73% [9] - The company has a well-diversified deposit base, with over 50% of deposits coming from outside the consumer and branch network [23] Company Strategy and Development Direction - The company aims to optimize franchise investments made over the past several years following the successful integration of BMT Bank [8] - The strategy includes deploying excess liquidity into the investment portfolio while maintaining a focus on loan growth [10] - The company plans to continue investing in technology and talent to enhance customer experiences and internal efficiencies [13] Management's Comments on Operating Environment and Future Outlook - Management expects muted economic growth in the near term but is optimistic about the company's position to capitalize on growth opportunities [8] - The outlook for 2023 includes expectations for a flat yield environment and mild recessionary growth rates in the second half of the year [9] - Management highlighted the importance of maintaining a competitive deposit pricing strategy to retain and grow the customer base [9][23] Other Important Information - The company anticipates a core efficiency ratio in the mid-50s, reflecting ongoing investments in the franchise [13] - Provision costs are expected to be between 40 to 50 basis points of average loans for the year, driven by loan growth and economic forecasts [12] Q&A Session Summary Question: Clarification on loan growth and cash flow from securities - Management confirmed that loan growth and cash flow from the investment portfolio are expected to offset each other, with funding potentially coming from wholesale borrowings [16] Question: Loan growth weighting throughout the year - Management indicated that the loan pipeline has been consistent, with no significant front-loading expected [21] Question: Deposit strategy and costs - Management discussed their deposit strategy, emphasizing a competitive approach to retain existing customers and attract new ones [22][23] Question: Impact of economic conditions on guidance - Management acknowledged that a mild recession could impact fee income, particularly in mortgage banking and wealth management [27] Question: Share buyback strategy - Management outlined a waterfall approach to capital allocation, balancing share repurchases with organic growth and capital needs [31] Question: Deposit beta and pricing strategies - Management confirmed that deposit betas have been increasing, with a focus on competitive pricing for CDs and variable rate products [34][36]

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 September 30, 2022 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 ...

Financial Data and Key Metrics Changes - The reported ROA for Q3 2022 was 1.44% with an EPS of $1.16, which included $2.6 million in corporate development and restructuring costs and a $2.3 million nonrecurring valuation adjustment [8] - Excluding these items, the core ROA was 1.52%, an increase of 25 basis points from Q2, and the EPS was $1.23, up $0.21 from Q2 [8] - The net interest margin increased by 59 basis points to 3.99%, driven by a higher interest rate environment [14] Business Line Data and Key Metrics Changes - Loan growth, excluding the acquired HFI residential mortgage portfolio, was 9% annualized, with 40% annualized growth in both construction and consumer loans, and 17% annualized growth in commercial leases [9] - Core fee revenue decreased to 26.8% from 30.0% in Q2, primarily due to a 15% growth in net interest income [16] Market Data and Key Metrics Changes - Deposits decreased by 3% or 13% annualized, with a significant portion attributed to transactional trust deposits [10] - Municipal and public funded accounts increased by $182 million, indicating strong deposit diversity [13] Company Strategy and Development Direction - The company aims to deliver a full-year core ROA of between 1.30% and 1.40%, with a Q4 ROA expectation of 1.60% to 1.70% [7] - The company continues to evaluate its investment portfolio mix and balance sheet hedging strategies to prepare for anticipated interest rate volatility [21] Management's Comments on Operating Environment and Future Outlook - Management noted that the current economic environment has led to a decrease in fee income growth expectations, primarily driven by market conditions [27] - The company is monitoring deposit competition and believes it is well-positioned to manage funding costs and maintain deposit levels [47] Other Important Information - Capital ratios remain strong, with CET1 and Tier 1 capital at 12.38% and total risk-based capital at 13.34% [19] - The company returned $90.5 million of capital to shareholders, including $9.5 million in dividends and $81 million in share repurchases [19] Q&A Session Summary Question: Could you talk about the adjustment to guide regarding fee income growth? - Management indicated that the lower fee growth expectation is market-driven, influenced by the higher interest rate environment affecting capital market activities [27] Question: Can you discuss the inflows and outflows in terms of AUM? - Most of the decline in AUM was market-driven, with net client cash flow being almost flat for the quarter [28] Question: Can you break down consumer growth, particularly in unsecured lending? - The company reported a $34 million increase from the Upstart product and $90 million from the spring product, with an internal limit on unsecured lending approaching [29][30] Question: What is the appetite for further buybacks given the current stock price? - Management stated that capital return philosophy remains unchanged, evaluating capital ratios and opportunities for deploying excess capital [31][33] Question: Can you provide more color on options for the securities portfolio? - The company is evaluating the categorization between available for sale and held to maturity, with a focus on monitoring the investment portfolio [40][41]

WSFS Financial Corporation 1 3Q 2022 Earnings Release Supplement October 2022 Forward Looking Statements & Non-GAAP Forward Looking Statements: This presentation contains estimates, predictions, opinions, projections and other "forward-looking statements" as that phrase is defined in the Private Securities Litigation Reform Act of 1995. Such statements include, without limitation, references to the Company's predictions or expectations of future business or financial performance as well as its goals and obj ...

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, 2022 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 juris ...

WSFS Financial Corporation 1 2Q 2022 Earnings Release Supplement July 2022 Forward Looking Statements & Non-GAAP Forward Looking Statements: This presentation contains estimates, predictions, opinions, projections and other "forward-looking statements" as that phrase is defined in the Private Securities Litigation Reform Act of 1995. Such statements include, without limitation, references to the Company's predictions or expectations of future business or financial performance as well as its goals and object ...

Financial Data and Key Metrics Changes - Reported ROA of 1.17% and EPS of $0.94 included non-recurring items, with core results showing net income of $65.4 million or an ROA of 1.27% and an EPS of $1.02 [7][9] - NIM in the second quarter was 3.40%, a 39 basis point increase over Q1, driven by rising loan yields [15] - Customer deposits decreased 7% annualized, with a loan to deposit ratio standing at 66% [13][14] Business Line Data and Key Metrics Changes - Loan growth was 8% annualized when excluding the KCMI sale, with commercial loan growth at 5% annualized [11] - Consumer loans grew 41% annualized, now representing 13% of total gross loans [12] - Fee revenue ratio remained flat at 30.0%, with fees growing $5.5 million or 9% not annualized [16] Market Data and Key Metrics Changes - The commercial pipeline continues to grow, with net new commercial fundings reaching a record $685 million in the quarter [12] - The company anticipates annual fee revenue growth in the low single digits due to lower residential refi volume and market impacts [22] Company Strategy and Development Direction - The company is executing its strategic plan and anticipates mid-to-high single-digit loan growth for the second half of the year [21] - The company has updated its capital return philosophy, increasing the annual capital return to 35% of earnings [49] Management Comments on Operating Environment and Future Outlook - Management expects deposit betas to increase in the second half of the year, but at a lower rate than previous cycles [27] - Full-year ROA is now anticipated near 1.35%, with a 4Q ROA around 1.65% [22] Other Important Information - The Board approved a 15% increase in the quarterly dividend to $0.15 per share and authorized an additional 10% share repurchase [19] - TCE decreased to 6.63% due to interest rate impacts on AOCI [20] Q&A Session Summary Question: NIM guidance and inputs - The increase in NIM is primarily driven by the higher interest rate environment, with expectations for betas to pick up in the second half of the year [26] Question: Consumer loan growth details - The partnership portfolios account for about 45% of total consumer lending, with a significant portion coming from unsecured loans [28] Question: Fee outlook and market volatility - AUM business is expected to see declines in the third quarter, but the diversified wealth business helps offset some of that decline [36] Question: Unsecured lending strategy - The unsecured product is still a small portion of the overall portfolio, and performance remains strong [45] Question: Bryn Mawr integration and capital management - The company expects to generate significant capital from returns and is evaluating capital deployment strategies [48]