WFC

WELLS FARGO & COMPANY/MN

v3.25.2
Consolidated Statement of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Interest income        
Debt securities $ 4,875 $ 4,470 $ 9,582 $ 8,732
Loans held for sale 137 133 254 247
Loans 13,573 14,566 26,930 29,279
Equity securities 150 196 297 346
Other interest income 2,585 3,519 5,230 7,120
Total interest income 21,320 22,884 42,293 45,724
Interest expense        
Deposits 5,061 6,149 10,270 11,960
Short-term borrowings 1,612 1,377 2,974 2,595
Long-term debt 2,609 3,164 5,191 6,513
Other interest expense 330 271 655 506
Total interest expense 9,612 10,961 19,090 21,574
Net interest income 11,708 11,923 23,203 24,150
Noninterest income        
Deposit and lending-related fees 1,622 1,618 3,255 3,215
Card fees 1,173 1,101 2,217 2,162
Mortgage banking 230 243 562 473
Net gains (losses) from trading and securities 1,389 1,522 2,272 2,969
Other 895 612 1,708 1,329
Total noninterest income 9,114 8,766 17,768 17,402
Total revenue 20,822 20,689 40,971 41,552
Provision for credit losses 1,005 1,236 1,937 2,174
Noninterest expense        
Personnel 8,709 8,575 18,183 18,067
Technology, telecommunications and equipment 1,287 1,106 2,510 2,159
Occupancy 766 763 1,527 1,477
Operating losses 311 493 454 1,126
Professional and outside services 1,089 1,139 2,127 2,240
Advertising and promotion 266 224 447 421
Other 951 993 2,022 2,141
Total noninterest expense 13,379 13,293 27,270 27,631
Income (loss) before income tax expense 6,438 6,160 11,764 11,747
Income tax expense (benefit) 916 1,251 1,438 2,215
Net income (loss) before noncontrolling interests 5,522 4,909 10,326 9,532
Net income (loss) from noncontrolling interests 28 (1) (62) 3
Wells Fargo net income (loss) 5,494 4,910 10,388 9,529
Preferred stock dividends and other 280 270 558 576
Wells Fargo net income (loss) applicable to common stock $ 5,214 $ 4,640 $ 9,830 $ 8,953
Per share information        
Earnings per common share (in dollars per share) $ 1.61 $ 1.35 $ 3.02 $ 2.56
Diluted earnings per common share (in dollars per share) $ 1.60 $ 1.33 $ 2.98 $ 2.53
Average common shares outstanding (in shares) 3,232.7 3,448.3 3,256.4 3,504.2
Diluted average common shares outstanding (in shares) 3,267.0 3,486.2 3,294.2 3,543.2
Investment advisory and other asset-based fees [Member]        
Noninterest income        
Fee income $ 2,499 $ 2,415 $ 5,035 $ 4,746
Commissions and brokerage services fees [Member]        
Noninterest income        
Fee income 610 614 1,248 1,240
Investment banking fees [Member]        
Noninterest income        
Fee income $ 696 $ 641 $ 1,471 $ 1,268