
WSFS Financial Corporation (NASDAQ:WSFS), the parent company of WSFS Bank, today announced the pricing of its underwritten public offering of $200 million aggregate principal amount of its Fixed-to-Floating Rate Senior

WSFS Financial Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/WSFS">WSFS</a>), the parent company of WSFS Bank, today announced the pricing of its underwritten public offering of $200 million aggregate principal amount of its Fixed-to-Floating Rate Senior Unsecured Notes due 2035 (the "Notes"). The Notes will bear interest from and including December 15, 2025 to but excluding December 15, 2030 at a fixed rate of 5.375% per annum, reflecting a spread of 160 basis points to the 5-year Treasury, payable semi-annually in arrears. From and including December 15, 2030 to, but excluding, December 15, 2035 (unless redeemed prior to such date), the Notes will bear interest at a floating rate per annum equal to the Three-Month Term SOFR, plus 189 basis points, payable quarterly in arrears.

The Notes may be redeemed, at the option of WSFS Financial Corporation, beginning on December 15, 2030, and on any scheduled interest payment date thereafter, in whole or in part, at a redemption price equal to 100% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest to, but excluding, the date of redemption.

WSFS Financial Corporation intends to use the net proceeds from this offering to repay $150 million aggregate principal amount of its outstanding Fixed-to-Floating Rate Senior Unsecured Notes due 2030 and for general corporate purposes. The offering is expected to close on or about December 11, 2025, subject to customary closing conditions.

Piper Sandler, Keefe, Bruyette &amp; Woods, A Stifel Company, and RBC Capital Markets acted as joint book-running managers in the Notes offering.

The Notes are being offered pursuant to an effective registration statement (File No. 333-272862) which WSFS filed with the Securities and Exchange Commission (the "SEC") by means of a prospectus supplement and accompanying base prospectus.

Copies of the prospectus supplement and accompanying base prospectus relating to the offering of the Notes can be obtained without charge by visiting the SEC&#39;s website at <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sec.gov&amp;esheet=54373163&amp;newsitemid=20251209279922&amp;lan=en-US&amp;anchor=www.sec.gov&amp;index=1&amp;md5=39c974aea747e4334fd8aa857511c636" shape="rect">www.sec.gov</a>, or may be obtained from: Piper Sandler &amp; Co., at 1251 Avenue of the Americas, 6th Floor, New York, New York 10020, Attn: Syndicate Operations, by email at <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:fsg-dcm@psc.com" shape="rect">fsg-dcm@psc.com</a>, or by calling 1 (866) 805-4128; Keefe, Bruyette &amp; Woods, Inc. at 787 Seventh Avenue, 4th Floor, New York, NY 10019, by email at <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:USCapitalMarkets@kbw.com" shape="rect">USCapitalMarkets@kbw.com</a>, or by calling 1 (800) 966-1559; RBC Capital Markets, LLC by calling 1 (866) 375-6829.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the Notes in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

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 September 30, 2025, WSFS Financial Corporation had $20.8 billion in assets on its balance sheet and $93.4 billion in assets under management and administration. WSFS operates from 114 offices, 88 of which are banking offices, located in Pennsylvania (58), Delaware (38), 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&#xAE;, The Bryn Mawr Trust Company of Delaware, Cash Connect&#xAE;, NewLane Finance&#xAE;, WSFS Wealth Management, LLC, WSFS Institutional Services&#xAE;, and WSFS Mortgage&#xAE;. 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 <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.wsfsbank.com&amp;esheet=54373163&amp;newsitemid=20251209279922&amp;lan=en-US&amp;anchor=www.wsfsbank.com&amp;index=2&amp;md5=5f0eacf6d7ef6e646129062993ef75a0" shape="rect">www.wsfsbank.com</a>.

Forward-Looking Statements

This press release 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 objectives for future operations, financial and business trends, business prospects, and management's outlook or expectations for earnings, revenues, expenses, capital levels, liquidity levels, asset quality or other future financial or business performance, strategies or expectations. The words "believe," "expect," "anticipate," "plan," "estimate," "target," "project" and similar expressions, among others, generally identify forward-looking statements. Such forward-looking statements are based on various assumptions (some of which may be beyond the Company's control) and are subject to risks and uncertainties (which change over time) and other factors which could cause actual results to differ materially from those currently anticipated. Such risks and uncertainties include, but are not limited to, those discussed in the Company&#39;s Form 10-K for the year ended December 31, 2024, Form 10-Q for the quarter ended March 31, 2025, Form 10-Q for the quarter ended June 30, 2025, Form 10-Q for the quarter ended September 30, 2025, and other documents filed by the Company with the Securities and Exchange Commission from time to time.

We caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date on which they are made, and the Company disclaims any duty to revise or update any forward-looking statement, whether written or oral, that may be made from time to time by or on behalf of the Company for any reason, except as specifically required by law. As used in this press release, the terms "WSFS," "the Company," "registrant," "we," "us," and "our" mean WSFS Financial Corporation and its subsidiaries, on a consolidated basis, unless the context indicates otherwise.
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Investor Relations Contact: 
 Andrew Basile
 (215) 864-3547
 <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:abasile@wsfsbank.com" shape="rect">abasile@wsfsbank.com</a>

Media Contact: 
 Connor Peoples
 (215) 864-5645
 <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:cpeoples@wsfsbank.com" shape="rect">cpeoples@wsfsbank.com</a>

WSFS

WSFS Financial Corporation Announces Pricing of Senior Unsecured Notes Offering

WSFS announces $200 million public offering of senior unsecured notes.
Notes will pay fixed interest of 5.375% for first five years.
Proceeds will repay $150 million of existing unsecured notes.
Offering is expected to close by December 11, 2025.
Piper Sandler and others are managing the notes offering.

WSFS Financial Corporation Announces Pricing of Senior Unsecured Notes Offering

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