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WSFS Financial Corporation FOR IMMEDIATE RELEASE October 21 , 2021 WSFS Bank Center 500 Delaware Avenue , Wilmington , Delaware 19801 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 WSFS REPORTS 3Q 2021 EPS OF $ 1.14 AND ROA OF 1.43 % ; CONTINUED STRENGTH FROM DIVERSIFIED BUSINESS MODEL ; $ 21.3 MILLION ACL RELEASE AS POSITIVE CREDIT TRENDS CONTINUE WILMINGTON , Del . - WSFS Financial Corporation ( Nasdaq : WSFS ) , the parent company of WSFS Bank , today announced its financial results for the third 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 ) ( a ) Return on average equity ( ROE ) ( a ) Efficiency ratio 3Q 2021 2Q 2021 3Q 2020 104.5 106.7 113.0 42.6 147.1 49.0 155.8 49.2 162.2 ( 21.3 ) ( 67.6 ) 2.7 96.4 96.0 93.5 54.4 95.7 51.1 50.7 59.7 68.7 1.14 2.01 1.01 1.43 % 2.60 % 1.49 % 11.3 65.5 11.1 57.6 21.3 61.6 GAAP results for the quarterly periods shown below included the following items that are excluded from core results . For 3Q 2021 , the $ 2.0 million of corporate development and restructuring expense primarily relates to our pending combination with Bryn Mawr Bank Corporation ( " Bryn Mawr " ) . ( Dollars in millions , except per share data ) Securities gains Unrealized ( loss ) gain on equity investments , net Realized loss on sale of equity investment , net Corporate development and restructuring expense Loss on debt extinguishment Contribution to WSFS CARES Foundation 3Q 2021 2Q 2021 3Q 2020 Total ( pre - tax ) Per share ( after - tax ) Total Per share Total ( pre - tax ) ( after - tax ) ( pre - tax ) Per share ( after - tax ) ( 0.1 ) ( 0.7 ) 2.0 5.3 0.08 3.3 $ 0.1 0.05 0.01 0.04 2.4 0.04 0.4 0.01 1.1 0.02 2.3 0.03 1.0 0.02 ( ¹ ) As used in this press release , PPNR is a non - GAAP financial measure calculated as net revenue before ( recovery of ) 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 .