AGP Executive Report
Last update: 8 hours agoBanking: Wilmington-based WSFS Financial reported third-quarter core earnings per share of $1.75, up 25% year over year. Loans grew 5% at an annualized rate, while wealth and trust fees rose 30%. Utilities: Delmarva Power is seeking a $75.8 million rate increase for grid upgrades; a recent Lewes hearing drew no public comments, and written comments are open through Nov. 4. Commercial Real Estate: Wilmington’s office market is gaining ground, with vacancy at a 20-year low. Logistics: Delmarva Central Railroad is set to receive more than $10 million in grant funding, while First Industrial leased a 226,074-square-foot building in New Castle. Jobs and Costs: Delaware’s unemployment rate fell for a sixth straight month, and workers’ compensation rates are set to drop 3.9%—their 10th consecutive annual decrease.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.