Regulatory Capital Requirements and Other Restrictions

3 Months Ended

Mar. 31, 2026

Regulatory Capital Requirements and Other Restrictions [Abstract]

Regulatory Capital Requirements and Other Restrictions


Note 21: Regulatory Capital Requirements and Other Restrictions

Regulatory Capital Requirements

The Company and each of its subsidiary banks are subject to regulatory capital adequacy requirements promulgated by federal banking regulators. The FRB establishes capital requirements for the consolidated financial holding company, and the Office of the Comptroller of the Currency (OCC) has similar requirements for the Company’s national banks, including Wells Fargo Bank, N.A. (the Bank).

Table 21.1 presents regulatory capital information for the Company and the Bank in accordance with Basel III capital

requirements. We must calculate our risk-based capital ratios under both the Standardized and Advanced Approaches. The Standardized Approach applies assigned risk weights to broad risk categories, while the calculation of risk-weighted assets (RWAs) under the Advanced Approach differs by requiring applicable banks to utilize a risk-sensitive methodology, which relies upon the use of internal credit models, and includes an operational risk component.

Table 21.1: Regulatory Capital Information


	Wells Fargo & Company								Wells Fargo Bank, N.A.
	Standardized Approach						Advanced Approach		Standardized Approach			Advanced Approach
(in millions, except ratios)	Mar 31, 2026				Dec 31, 2025		Mar 31, 2026	Dec 31, 2025	Mar 31, 2026		Dec 31, 2025	Mar 31, 2026	Dec 31, 2025
Regulatory capital:
Common Equity Tier 1	$	135,442			137,346		135,442	137,346	151,450		151,833	151,450	151,833
Tier 1	150,430				153,567		150,430	153,567	151,450		151,833	151,450	151,833
Total	181,754				184,682		171,741	174,617	169,159		169,520	158,658	158,966
Assets:
Risk-weighted assets	1,315,968				1,294,609		1,121,045	1,112,533	1,203,547		1,184,912	943,876	940,876
Adjusted average assets (1)	2,139,900				2,052,117		2,139,900	2,052,117	1,802,901		1,746,906	1,802,901	1,746,906
Regulatory capital ratios:
Common Equity Tier 1 capital	10.29		%	*	10.61		12.08	12.35	12.58	*	12.81	16.05	16.14
Tier 1 capital	11.43			*	11.86		13.42	13.80	12.58	*	12.81	16.05	16.14
Total capital	13.81			*	14.27		15.32	15.70	14.06	*	14.31	16.81	16.90
Required minimum capital ratios:
Common Equity Tier 1 capital	8.50				8.50		8.50	8.50	7.00		7.00	7.00	7.00
Tier 1 capital	10.00				10.00		10.00	10.00	8.50		8.50	8.50	8.50
Total capital	12.00				12.00		12.00	12.00	10.50		10.50	10.50	10.50
	Wells Fargo & Company								Wells Fargo Bank, N.A.
	March 31, 2026						December 31, 2025		March 31, 2026			December 31, 2025
Regulatory leverage:
Total leverage exposure (2)	$	2,569,772					2,466,623		2,213,313			2,141,519
Supplementary leverage ratio (2)	5.85					%	6.23		6.84			7.09
Tier 1 leverage ratio (1)	7.03						7.48		8.40			8.69
Required minimum leverage:
Supplementary leverage ratio	3.50						5.00		3.50			6.00
Tier 1 leverage ratio	4.00						4.00		5.00			5.00

*Denotes the binding framework, which is the lower of the Standardized and Advanced Approaches, at March 31, 2026.

(1)Adjusted average assets consists of total quarterly average assets less goodwill and other permitted Tier 1 capital deductions. The Tier 1 leverage ratio consists of Tier 1 capital divided by total quarterly average assets, excluding goodwill and certain other items as determined under capital rule requirements.

(2)The supplementary leverage ratio consists of Tier 1 capital divided by total leverage exposure. Total leverage exposure consists of total consolidated assets adjusted for certain off-balance sheet exposures, goodwill, and other permitted Tier 1 capital deductions.

At March 31, 2026, the Common Equity Tier 1 (CET1), Tier 1 and Total capital ratio requirements for the Company included a global systemically important bank (G-SIB) surcharge of 1.50% and a countercyclical buffer of 0.00%. In addition, these ratios included a stress capital buffer of 2.50% under the Standardized Approach and a capital conservation buffer of 2.50% under the Advanced Approach. The Company is required to maintain these risk-based capital ratios and to maintain a supplementary leverage ratio (SLR) that included a supplementary leverage buffer of 0.50% to avoid restrictions on capital distributions and discretionary bonus payments. The CET1, Tier 1 and Total capital ratio requirements for the Bank included a capital conservation buffer of 2.50% under both the Standardized and Advanced

Approaches. The G-SIB surcharge and countercyclical buffer are not applicable to the Bank. At March 31, 2026, the Bank and our other insured depository institutions were considered well-capitalized under the requirements of the Federal Deposit Insurance Act.

Capital Planning Requirements

The FRB’s capital plan rule establishes capital planning and other requirements that govern capital distributions, including dividends and share repurchases, by certain large bank holding companies (BHCs), including Wells Fargo.

The FRB conducts an annual Comprehensive Capital Analysis and Review exercise and has also published guidance regarding its supervisory expectations for capital planning, including capital policies regarding the process relating to common stock dividend and repurchase decisions in the FRB’s SR Letter 15-18. The Parent’s ability to make certain capital distributions is subject to the requirements of the capital plan rule and is also subject to the Parent meeting or exceeding certain regulatory capital minimums.

Loan and Dividend Restrictions

Federal law restricts the amount and the terms of both credit and non-credit transactions between a bank and its nonbank affiliates. Additionally, federal laws and regulations limit, and regulators can impose additional limitations on, the dividends that a national bank may pay.

Our nonbank subsidiaries are also limited by certain federal and state statutory provisions and regulations covering the amount of dividends that may be paid in any given year. In addition, we have entered into a Support Agreement dated June 28, 2017, as amended and restated on June 26, 2019, among Wells Fargo & Company, the parent holding company (Parent), WFC Holdings, LLC, an intermediate holding company and subsidiary of the Parent (IHC), the Bank, Wells Fargo Securities, LLC, Wells Fargo Clearing Services, LLC, and certain other subsidiaries of the Parent designated from time to time as material entities for resolution planning purposes or identified from time to time as related support entities in our resolution plan, pursuant to which the IHC may be restricted from making dividend payments to the Parent if certain liquidity and/or capital metrics fall below defined triggers or if the Parent’s board of directors authorizes it to file a case under the U.S. Bankruptcy Code.

For additional information on loan and dividend restrictions, see Note 25 (Regulatory Capital Requirements and Other Restrictions) in our 2025 Form 10-K.

Cash Restrictions

Cash and cash equivalents may be restricted as to usage or withdrawal. Table 21.2 provides a summary of restrictions on cash and cash equivalents.

Table 21.2: Nature of Restrictions on Cash and Cash Equivalents


(in millions)	Mar 31, 2026		Dec 31, 2025
Reserve balance for non-U.S. central banks	$	255	259
Segregated for benefit of brokerage customers under federal and other brokerage regulations	1,139		1,085

- Definition

The entire disclosure for regulatory capital requirement for depository and lending institutions. Institutions include, but not are not limited to, finance company, insured depository institution, bank holding company, savings and loan association holding company, bank and savings institution not federally insured, mortgage company, foreign financial institution and credit union.

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