What is WSFS Financial's cash connect — occupancy expense?

WSFS Financial (WSFS) reported cash connect — occupancy expense of $0 in Q2 2026.

What does cash connect — occupancy expense mean?

Costs associated with the physical facilities, rent, and utilities required to support the Cash Connect segment's operations. This metric helps evaluate the overhead efficiency of the segment's infrastructure footprint.

WSFS Financial (WSFS) Cash Connect — Occupancy expense

Screener

Other segment segments

WSFS Bank

$8.32M-2.2%

Wealth and Trust

-$6K-102%

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Other financials

Income statement

See full

Revenue$282.5M+5.6%

Net income$84.4M+16.7%

EPS (diluted)$1.63+28.3%

Balance sheet

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Cash & equivalents$2.6B+93.1%

Total debt$117.7M-12.5%

Total equity$2.7B+1.5%

Total assets$22.7B+9.1%

Cash flow

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Operating cash flow$86.4M+888%

CapEx$1.7M-12.2%

Free cash flow$85.5M+1,254%

Valuation

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Market cap$4.17B+37.7%

Enterprise value$1.72B-6.2%

P/E13×+1.7×

P/S3.8×+0.9×

Profitability

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Net margin29.1%+3.8pp

FCF margin27%+17.1pp

Returns & leverage

See full

Return on equity11.9%+1.5pp

Debt / equity0×0.0×

Where this comes from

Reported directly by WSFS Financial in its filing.

Tagged under the XBRL concept us-gaap:OccupancyNet.

The source filing: WSFS Financial’s 10-Q, filed August 5, 2026.

Filed: Aug 5, 2026, 11:41 AM EDT
Fiscal quarter: Q2 FY2026
Calendar quarter: Q2 2026
Accession: 0000828944-26-000028

(Dollars in thousands)	Three Months Ended June 30, 2026 / WSFS Bank	Three Months Ended June 30, 2026 / Cash Connect®	Three Months Ended June 30, 2026 / Wealthand Trust	Three Months Ended June 30, 2026 / Total	Three Months Ended June 30, 2025 / WSFS Bank	Three Months Ended June 30, 2025 / Cash Connect®	Three Months Ended June 30, 2025 / Wealthand Trust	Three Months Ended June 30, 2025 / Total
Provision for credit losses	3,227	6	1,811	5,044	8,172	—	4,449	12,621
Noninterest expenses:
Salaries, benefits and other compensation	75,152	2,609	18,006	95,767	70,136	2,587	16,422	89,145
Occupancy expense	8,315	—	(6)	8,309	8,501	—	328	8,829
Equipment expense	10,249	325	3,087	13,661	11,290	420	2,488	13,778
Professional fees	2,941	159	1,652	4,752	3,456	148	2,755	6,211
Other segment items(1)	27,397	12,190	4,224	43,811	24,886	13,108	2,818	41,380
Total external client expenses	127,281	15,289	28,774	171,344	126,441	16,263	29,260	171,964

Item 6. [Exhibits](#i6a8105aa3e784c81b9e74885f5f185db_247) [71](#i6a8105aa3e784c81b9e74885f5f185db_247)

FAQ

What is WSFS Financial's cash connect — occupancy expense?: WSFS Financial (WSFS) reported cash connect — occupancy expense of $0 in Q2 2026.
What does cash connect — occupancy expense mean?: Costs associated with the physical facilities, rent, and utilities required to support the Cash Connect segment's operations. This metric helps evaluate the overhead efficiency of the segment's infrastructure footprint.