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WSFS Financial Corporation

06/11/2026 | Press release | Distributed by Public on 06/11/2026 15:14

Regulation FD Disclosure (Form 8-K)

Item 7.01 Regulation FD Disclosure

On June 5, 2026, Wilmington Savings Fund Society, FSB (the "Bank"), a subsidiary of WSFS Financial Corporation ("WSFS" or the "Company"), entered into a partnership with U.S. Bank National Association d/b/a Elan Financial Services ("Elan") to issue WSFS-branded credit cards. This partnership with Elan is expected to help the Bank deliver a best-in-class credit card experience to our clients, combining Elan's deep product expertise and network scale with the personalized service WSFS is known for. In conjunction with this partnership, the Bank has entered into an agreement to sell its credit card portfolio to Elan. This portfolio had an outstanding book balance of $36.3 million as of May 31, 2026 and the Company anticipates that its second quarter 2026 financial results will reflect a gain of approximately $1.7 million and a provision release of approximately $1.3 million, specific to this transaction. The Company does not expect this partnership will have a material impact on its financial results moving forward.

This information is being furnished under Item 7.01 of this Current Report on Form 8-K and shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended ("Exchange Act") or otherwise subject to the liabilities of that section, and such information shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by the specific reference in such filing. The Company has not yet finalized its results for the second quarter of 2026 and therefore the actual amounts could differ from the amounts the Company anticipates as of the date of this Report, including differences due to the completion of the financial statement closing procedures, changes in facts, circumstances and/or assumptions or developments in the interim.

WSFS Financial Corporation published this content on June 11, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on June 11, 2026 at 21:14 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]