WSFS Financial (US:WSFS)2025-07-25 17:00Financial Performance - The company's Core Return on Average Assets (ROA) was 1.38%, an increase of 9 basis points (bps) quarter-over-quarter (QoQ)[6] - Core Pre-Provision Net Revenue (PPNR) reached $107.8 million, up 3% QoQ[6] - Net Interest Margin (NIM) increased by 1 basis point (bp) QoQ to 3.89%, driven by deposit repricing and wholesale funding optimization[6, 9] - Core Fee Revenue totaled $88.0 million, a 9% increase QoQ and a 2% increase year-over-year (YoY)[6] - The company returned $149.9 million of capital to shareholders year-to-date (YTD), including $131.5 million from share repurchases[6] Loan Portfolio - Commercial & Industrial (C&I) loans increased by 7% QoQ annualized[12] - Residential mortgage and WSFS-originated consumer loans grew 16% QoQ annualized[16] - Total Gross Loans decreased slightly by $11 million QoQ[12] Deposit Trends - Total client deposits increased by $242 million QoQ, representing a 6% annualized growth[17, 21] - Noninterest demand deposits grew by $359 million QoQ, a 29% annualized increase[17] - Total client deposits increased by $830 million YoY, a 5% increase[17, 21] Capital and Asset Quality - The company's CET1 ratio was 14.07%[5] - Tangible book value (TBV) per share grew 20% YoY to $30.32, which includes a negative impact of $9.29 per share related to Reported Accumulated Other Comprehensive Income (AOCI)[28] - The company announced the sale of $98.1 million of Upstart loans[6] - The ACL coverage ratio was 1.43%[5, 46]