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WSFS Financial Corporation FOR IMMEDIATE RELEASE April 22 , 2021 WSFS Bank Center 500 Delaware Avenue , Wilmington , Delaware 19801 WSFS REPORTS 1Q 2021 EPS OF $ 1.36 AND ROA OF 1.85 % ; RESULTS REFLECT DIVERSIFIED REVENUE AND IMPROVING CREDIT TRENDS ; BOARD APPROVES AN 8 % INCREASE IN CASH DIVIDEND 1 EXHIBIT 99.1 Investor Relations Contact : Dominic C. Canuso ( 302 ) 571-6833 ; dcanuso@wsfsbank.com Media Contact : Rebecca Acevedo ( 215 ) 253-5566 ; racevedo@wsfsbank.com WILMINGTON , Del . - WSFS Financial Corporation ( Nasdaq : WSFS ) , the parent company of WSFS Bank , today announced its financial results for the first quarter of 2021 . Selected quarterly financial results and metrics are as follows : ( Dollars in millions , except per share data ) Net interest income Fee income Total net revenue ( Recovery of ) provision for credit losses Noninterest expense Net income attributable to WSFS Pre - provision net revenue ( PPNR ) ( ¹ ) Earnings per share ( diluted ) Return on average assets ( ROA ) Return on average equity ( ROE ) Efficiency ratio 1Q 2021 $ 114.2 47.8 162.0 ( 20.2 ) 95.6 65.1 66.4 1.36 1.85 % 14.9 58.9 4Q 2020 1Q 2020 123.0 116.2 46.6 40.8 169.6 157.0 ( 0.9 ) 56.6 93.4 88.5 59.8 10.9 76.3 68.5 1.20 0.21 1.73 % 0.36 % 13.0 2.4 55.0 56.3 GAAP results for the quarterly periods shown below included the following items that are excluded from core results . For 1Q 2021 , the $ 1.8 million of corporate development and restructuring expense primarily relates to our pending combination with Bryn Mawr Bank Corporation ( " Bryn Mawr " ) anticipated to close in early 4Q 2021 . 1Q 2021 4Q 2020 10 2020 Securities gains ( Dollars in millions , except per share data ) Unrealized gain on equity investments , net Total ( pre - tax ) Per share ( after - tax ) Total Per share Total ( pre - tax ) ( after - tax ) ( pre - tax ) Per share ( after - tax ) 0.3 S 0.01 3.2 0.05 0.7 0.7 0.01 0.01 Corporate development and restructuring expense Contribution to WSFS Community Foundation 1.8 0.04 03 0.01 1.3 3.0 0.02 0.04 ( ¹ ) As used in this press release , PPNR is a non - GAAP financial measure calculated as net revenue before provision for credit losses and net of noninterest expense . For a reconciliation of this and other non - GAAP financial measures to their comparable GAAP measures , see " Non - GAAP Reconciliation " at the end of the press release .