What is WSFS Financial's unrecognized tax benefits?

WSFS Financial (WSFS) reported unrecognized tax benefits of $0 in Q1 2026.

What does unrecognized tax benefits mean?

This represents the amount of tax benefits from uncertain tax positions that have not been recognized in the financial statements because they do not meet the 'more-likely-than-not' threshold. It reflects the company's exposure to potential tax audits and disputes with tax authorities. This is a key indicator of tax-related legal and financial risk.

WSFS Financial WSFS Unrecognized Tax Benefits

Unrecognized Tax Benefits at other companies

M&T BankMTB

$45M+25.0%

Community Financial SystemCBU

$2.47M0.0%

First Commonwealth FinancialFCF

$0—

TFS FinancialTFSL

$0—

Pathward Financial, Inc.CASH

$499K-13.5%

Other financials

Income statement

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Revenue$275.3M+7.5%

Net income$86.8M+31.8%

EPS (diluted)$1.64+46.4%

Balance sheet

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Cash & equivalents$2.5B+143%

Total debt$129.6M-15.1%

Total equity$2.7B+2.0%

Total assets$22.1B+7.6%

Cash flow

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Operating cash flow$86.4M+888%

CapEx$885.0K-63.6%

Free cash flow$85.5M+1,254%

Valuation

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Market cap$3.96B+13.6%

Profitability

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Net margin28.4%+3.3pp

FCF margin27%+17.1pp

Returns & leverage

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Return on equity11.4%+1.2pp

Debt / equity0×0.0×

Where this comes from

Reported directly by WSFS Financial in its filing.

Tagged under the XBRL concept us-gaap:UnrecognizedTaxBenefits.

The official record: WSFS Financial’s 10-Q, filed May 4, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is WSFS Financial's unrecognized tax benefits?: WSFS Financial (WSFS) reported unrecognized tax benefits of $0 in Q1 2026.
What does unrecognized tax benefits mean?: This represents the amount of tax benefits from uncertain tax positions that have not been recognized in the financial statements because they do not meet the 'more-likely-than-not' threshold. It reflects the company's exposure to potential tax audits and disputes with tax authorities. This is a key indicator of tax-related legal and financial risk.