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WELLS FARGO & COMPANY/MN

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WELLS FARGO & COMPANY/MN

CIK:0000072971|SEC Filings
v3.26.1
Consolidated Statement of Income - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Interest income        
Interest-earning deposits with banks $ 1,351 $ 1,353 [1] $ 2,619 $ 2,826 [1]
Federal funds sold and securities borrowed or purchased under resale agreements 1,733 1,107 [1] 3,471 2,169 [1]
Trading assets 1,904 1,580 [1] 3,764 3,101 [1]
Available-for-sale and held-to-maturity debt securities 3,708 3,455 [1] 7,252 6,776 [1]
Loans 14,301 13,573 28,110 26,930
Other interest income 287 252 [1] 513 491 [1]
Total interest income 23,284 21,320 45,729 42,293
Interest expense        
Deposits 5,516 5,061 10,490 10,270
Federal funds purchased and securities loaned or sold under repurchase agreements 2,253 1,429 [1] 4,487 2,681 [1]
Trading liabilities 295 246 [1] 575 487 [1]
Long-term debt 2,386 2,609 4,772 5,191
Other interest expense 517 267 [1] 992 461 [1]
Total interest expense 10,967 9,612 21,316 19,090
Net interest income 12,317 11,708 24,413 23,203
Noninterest income        
Deposit and lending-related fees 1,762 1,622 3,474 3,255
Card fees 1,222 1,173 2,360 2,217
Mortgage banking 256 230 457 562
Net gains (losses) from trading and securities 2,241 1,495 3,764 2,389
Other 377 789 866 1,591
Total noninterest income 10,305 9,114 19,655 17,768
Total revenue 22,622 20,822 44,068 40,971
Provision for credit losses 914 1,005 2,049 1,937
Noninterest expense        
Personnel 8,851 8,709 18,444 18,183
Technology, telecommunications and equipment 1,457 1,287 2,854 2,510
Occupancy 803 766 1,581 1,527
Professional and outside services 1,109 1,089 2,175 2,127
Advertising and promotion 361 266 730 447
Other 1,080 1,262 2,207 2,476
Total noninterest expense 13,661 13,379 27,991 27,270
Income (loss) before income tax expense 8,047 6,438 14,028 11,764
Income tax expense (benefit) 1,402 916 2,093 1,438
Net income (loss) before noncontrolling interests 6,645 5,522 11,935 10,326
Net income (loss) from noncontrolling interests 238 28 275 (62)
Wells Fargo net income (loss) 6,407 5,494 11,660 10,388
Preferred stock dividends and other 247 280 500 558
Wells Fargo net income (loss) applicable to common stock $ 6,160 $ 5,214 $ 11,160 $ 9,830
Per share information        
Earnings per common share (in dollars per share) $ 2.02 $ 1.61 $ 3.64 $ 3.02
Diluted earnings per common share (in dollars per share) $ 2.00 $ 1.60 $ 3.60 $ 2.98
Average common shares outstanding (in shares) 3,044.0 3,232.7 3,061.9 3,256.4
Diluted average common shares outstanding (in shares) 3,074.6 3,267.0 3,096.0 3,294.2
Investment advisory and other asset-based fees [Member]        
Noninterest income        
Fee income $ 2,821 $ 2,499 $ 5,645 $ 5,035
Commissions and brokerage services fees [Member]        
Noninterest income        
Fee income 687 610 1,354 1,248
Investment banking fees [Member]        
Noninterest income        
Fee income $ 939 $ 696 $ 1,735 $ 1,471
[1] In fourth quarter 2025, we changed the presentation of certain items on our consolidated balance sheet, including trading assets and liabilities and short-term borrowings, with corresponding changes to our consolidated statement of income. Prior period balances have been revised to conform with the current period presentation. For additional information, see Note 1 (Summary of Significant Accounting Policies)