NYSE

WELLS FARGO & COMPANY/MN (WFC)

National Commercial Banks

Public float: $257.3B
Shares outstanding: 3.06B

Business

ITEM 1. BUSINESS Wells Fargo & Company is a corporation organized under the laws of Delaware and a financial holding company and a bank holding company registered under the Bank Holding Company Act of 1956, as amended (BHC Act). Its principal business is to act as a holding company for its subsidiaries. References in this report to “the Parent” mean the holding company. References to “we,” “our,” “us” or “the Company” mean the holding company and its subsidiaries that are consolidated for financial reporting purposes. At December 31, 2025, we had assets of approximately $2.1 trillion, loans of $986.2 billion, deposits of $1.4 trillion and stockholders’ equity of $181.1 billion. Based on assets, we were the fourth largest bank holding company in the United States. At December 31, 2025, Wells Fargo Bank, N.A. (the Bank) was the Company’s principal subsidiary with assets of $1.8 trillion, or 85% of the Company’s assets. Our annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K, and amendments to those reports, are available for free at www.wellsfargo.com/about/investor-relations/filings as soon as reasonably practicable after they are electronically

From the company’s Form 10-K filed Feb 24, 2026.

Company data reported to the SEC on EDGAR (CIK 72971).

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As filed with the SEC (10-K), annual, the latest 2 fiscal years.

Line item	FY2024Dec 31, 2024	FY2025Dec 31, 2025
Interest-earning deposits with banks	9.18B	5.76B
Debt securities	18.04B	—
Federal funds sold and securities borrowed or purchased under resale agreements	4.02B	5.05B
Loans held for sale	491.00M	—
Trading assets	5.54B	6.70B
Available-for-sale and held-to-maturity debt securities	13.00B	13.97B
Equity securities	677.00M	—
Loans	57.90B	54.74B
Other interest income	1.14B	1.10B
Total interest income	90.78B	87.31B
Deposits	24.28B	20.45B
Short-term borrowings	5.31B	—
Federal funds purchased and securities loaned or sold under repurchase agreements	4.77B	6.91B
Trading liabilities	820.00M	1.04B
Long-term debt	12.46B	10.27B
Other interest expense	770.00M	1.16B
Total interest expense	43.10B	39.83B
Net interest income	47.68B	47.48B
Deposit and lending-related fees	6.51B	6.61B
Fee income	24.75B	26.10B
Card fees	4.34B	4.59B
Mortgage banking	1.05B	1.15B
Net gains (losses) from trading and securities	5.52B	5.25B
Other	2.24B	2.53B
Total noninterest income	34.62B	36.22B
Total revenue	82.30B	83.70B
Provision for credit losses	4.33B	3.66B
Personnel	35.73B	36.28B
Technology, telecommunications and equipment	4.58B	5.20B
Operating losses	1.76B	—
Occupancy	3.05B	3.15B
Professional and outside services	4.61B	4.54B
Advertising and promotion	869.00M	1.09B
Other	5.76B	4.57B
Total noninterest expense	54.60B	54.84B
Income (loss) before income tax expense	23.36B	25.20B
Income tax expense (benefit)	3.40B	3.84B
Net income (loss) before noncontrolling interests	19.96B	21.36B
Net income (loss) from noncontrolling interests	243.00M	20.00M
Wells Fargo net income (loss)	19.72B	21.34B
Preferred stock dividends and other	1.12B	1.05B
Wells Fargo net income (loss) applicable to common stock	18.61B	20.29B
Earnings per common share (in dollars per share)	5.43	6.34
Diluted earnings per common share (in dollars per share)	5.37	6.26
Average common shares outstanding (in shares)	3.43B	3.20B
Diluted average common shares outstanding (in shares)	3.47B	3.24B

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