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

WSFS Financial (WSFS) reported cash connect — occupancy expense of $0 in Q1 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

Other segment segments

WSFS Bank

$10.16M+6.6%

Wealth and Trust

-$18K-105%

Similar metrics at other companies

BPOPOccupancy Expense

$7.75M+17.4%

SFNCCommunity and Commercial Banking — Occupancy expense, net

$11.76M-3.4%

FBPCommercial And Corporate — Occupancy Net

$1.35M-15.8%

MOVEOccupancy and equipment

$175K+213%

ASBCommunity, Consumer and Business — Occupancy, Net

$8.35M-1.0%

FHNCorporate — Net occupancy expense

$14M+16.7%

Other financials

Income statement

See full

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

See full

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$3.86B+13.6%

Enterprise value$1.52B-48.9%

P/E12.5×-0.4×

P/S3.6×+0.3×

Profitability

See full

Net margin28.4%+3.3pp

FCF margin27%+17.1pp

Returns & leverage

See full

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:OccupancyNet.

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 cash connect — occupancy expense?: WSFS Financial (WSFS) reported cash connect — occupancy expense of $0 in Q1 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.