Company Announcements

WILMINGTON, Del.--(BUSINESS WIRE)--Jul. 11, 2025-- Kroll Bond Rating Agency (KBRA) has reaffirmed the senior unsecured debt rating of A- for WSFS Financial Corporation (NASDAQ: WSFS) (“WSFS” or “the Company”). KBRA also reaffirmed WSFS’ subordinated debt rating of BBB+ and a short-term debt rating of K2. WSFS Bank, the Company’s primary subsidiary, received strong credit ratings as well, including A ratings for both senior unsecured debt and deposit, a subordinated debt rating of A-, and the short-term debt and deposit ratings of K1. KBRA’s debt rating report for WSFS can be accessed here.

“For the tenth consecutive year, WSFS has received a strong Investment Grade debt rating from KBRA. This rating reflects our diversified revenue model and strong returns, while maintaining ample capital and liquidity. We continue to be well-positioned to serve our Clients and support our communities,” said WSFS’ Executive Vice President and Chief Financial Officer, David Burg.

KBRA also noted the ratings are supported by WSFS’ significant and stable fee revenue base derived from diversified business lines, particularly its premier wealth and trust divisions, which KBRA views as a key differentiator and primary driver of the Company’s high ratings profile. The favorable fee income trends and maintenance of a healthy NIM, supported by a low-cost deposit base and well-balanced loan portfolio with regard to fixed/variable interest rate structures that results in attractive loan yields, have produced consistently strong profitability. Also key to the ratings is WSFS’ favorable core funding profile and strong market position, with the largest deposit market share among locally headquartered banks. KBRA also acknowledged WSFS’ markets reflect favorable demographics and are economically diverse, which provides some resilience in periods of stress; its historical asset quality metrics have been solid overall, supported by sound underwriting and credit administration and its diversified loan portfolio.

About WSFS Financial Corporation
WSFS Financial Corporation is a multibillion-dollar financial services company. Its primary subsidiary, WSFS Bank, is the oldest and largest locally headquartered bank and wealth management franchise in the Greater Philadelphia and Delaware region. As of March 31, 2025, WSFS Financial Corporation had $20.5 billion in assets on its balance sheet and $89.6 billion in assets under management and administration. WSFS operates from 115 offices, 88 of which are banking offices, located in Pennsylvania (58), Delaware (39), New Jersey (14), Florida (2), Nevada (1) and Virginia (1) and provides comprehensive financial services including commercial banking, consumer banking, treasury management and trust and wealth management. Other subsidiaries or divisions include Arrow Land Transfer, Bryn Mawr Trust Advisors, LLC, Bryn Mawr Trust^®, The Bryn Mawr Trust Company of Delaware, Cash Connect^®, NewLane Finance^®, WSFS Wealth Management, LLC, WSFS Institutional Services^®, WSFS Mortgage^®, and WSFS Wealth^® Investments. Serving the Greater Delaware Valley since 1832, WSFS Bank is one of the ten oldest banks in the United States continuously operating under the same name. For more information, please visit www.wsfsbank.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250711441658/en/

Media Contact:
Ashley Williamson
(215) 864-1761
awilliamson@wsfsbank.com

Source: WSFS Financial Corporation