Sign in Subscribe
Banks (Finance)

KBRA Reaffirms WSFS Financial Corp's A- Senior Unsecured Debt Rating

Strategic Insights

— 1 min read

KBRA's debt rating report for WSFS Financial Corp. has reaffirmed the company's A- senior unsecured debt rating, along with its subordinated debt rating of BBB+ and short-term debt rating of K2. This strong credit rating is supported by WSFS's significant and stable fee revenue base, which is derived from diversified business lines, particularly its premier wealth and trust divisions. Additionally, the company's favorable fee income trends, maintenance of a healthy net interest margin (NIM), and low-cost deposit base have produced consistently strong profitability.

Key Takeaways:

  • KBRA has reaffirmed WSFS Financial Corp's A- senior unsecured debt rating, citing the company's stable fee revenue base and diversified business lines.
  • WSFS's favorable fee income trends and maintenance of a healthy NIM have produced consistently strong profitability.
  • The company's low-cost deposit base and well-balanced loan portfolio with regard to fixed/variable interest rate structures contribute to its attractive loan yields.
  • KBRA acknowledges WSFS's favorable core funding profile and strong market position, with the largest deposit market share among locally headquartered banks.
  • The company's markets reflect favorable demographics and are economically diverse, which provides some resilience in periods of stress.
  • WSFS's historical asset quality metrics have been solid overall, supported by sound underwriting and credit administration.
  • The company's diversified loan portfolio is also a key contributor to its high ratings profile.
  • WSFS operates from 115 offices, 88 of which are banking offices, located in six states across the US.
  • The company provides comprehensive financial services, including commercial banking, consumer banking, treasury management, and trust and wealth management.

Statistics:

  • WSFS Financial Corp. has USD 20.5 billion in assets on its balance sheet as of March 31, 2025.
  • Assets under management and administration for WSFS Financial Corp. stand at USD 89.6 billion as of March 31, 2025.
  • WSFS operates 88 banking offices across six states in the US.
  • The company has a presence in six states, with 27 locations in Pennsylvania, 15 in Delaware, 10 in New Jersey, 2 in Florida, 1 in Nevada, and 1 in Virginia.

Sources:

  • Banking and Credit News (2025)
  • KBRA (2025)
  • WSFS Financial Corp. (2025)
  • M2 Communications (2025)

Read more