Wells Fargo & Company is a U.S.-focused financial-services holding company providing consumer and commercial banking, lending, payments, investment banking, trading, brokerage and wealth management through four reportable operating segments.
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A snapshot of what WELLS FARGO & COMPANY/MN owns and owes at a point in time.
Read the company’s balance sheet in the original annual reports below.
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3 reports in this collection
| Report period | Filed with SEC | Form | Source |
|---|---|---|---|
| Dec 31, 20230000072971-24-000064 | Feb 20, 2024 | 10-K | Open 10-Ksec.gov |
| Dec 31, 20240000072971-25-000066 | Feb 25, 2025 | 10-K | Open 10-Ksec.gov |
| Dec 31, 20250000072971-26-000133 | Feb 24, 2026 | 10-K | Open 10-Ksec.gov |
Dates describe the filing metadata. Figures and reporting periods should be checked against the original statement. SEC links open in a new tab.
Third-quarter 2026 preliminary earnings improved year over year but declined from the second quarter as investment gains weakened. Smaller share counts and discrete tax benefits supported EPS. The remaining 2018 Federal Reserve consent order was terminated in March, but separate compliance matters continued. Current earnings, presentations and financing terms are now supplied; unresolved factual limits remain.
Sources: EX-99.1 · 2026-10-13 · EX-99.2 · 2026-10-13 · EX-99.3 · 2026-10-13 · 10-Q · 2026-03-31 · 10-Q · 2026-06-30
Wells Fargo earns net interest income from lending and investing funded by deposits and wholesale borrowing, alongside fees from payments, advice, brokerage, underwriting and servicing. Consumer Banking and Lending supplies its largest segment revenue base; Commercial Banking serves business borrowers; Corporate and Investment Banking combines institutional lending, markets and advisory services; Wealth and Investment Management serves investment and private-banking clients. Corporate includes treasury, investments and nonstrategic businesses. The economics depend on funding prices, credit losses, customer activity and market valuations—not simply loan growth. Segment results include internal funding and expense allocations and require reconciliation to consolidated GAAP results.
Sources: EX-13 · 2025-12-31
Annual revenue was $82.597 billion in 2023, $82.296 billion in 2024 and $83.699 billion in 2025. Attributable net income increased across those years to $19.142 billion, $19.722 billion and $21.338 billion. The 2023 recovery benefited from higher rates and sharply lower legal and remediation charges. In 2024, expensive deposit funding and lower lending balances weakened net interest income, while fees, investment results and lower provisions supported profit. In 2025, noninterest income and lower provisions again helped, including transaction gains and smaller securities losses. Expense restraint also benefited from lower remediation costs and an FDIC assessment reversal. Diluted EPS rose from $4.83 to $5.37 to $6.26, with repurchases reducing the denominator; per-share growth therefore exceeded growth in the earnings pool.
The October 13 release reported preliminary third-quarter 2026 revenue of $21.870 billion, attributable net income of $5.951 billion and diluted EPS of $1.87, compared with $21.436 billion, $5.589 billion and $1.66 a year earlier. Revenue and earnings nevertheless declined from the second quarter. Nine-month revenue was $65.938 billion and attributable net income was $17.611 billion, versus $62.407 billion and $15.977 billion. Fewer diluted shares amplified EPS growth. Net interest income increased despite a lower year-over-year taxable-equivalent margin; Markets supplied approximately half of its dollar increase. Weaker investment gains offset stronger customer fees, while $170 million of discrete tax benefits supported earnings. Higher provision expense largely reflected comparison with a prior-year reserve release, not an equivalent increase in realized losses.
Sources: EX-13 · 2023-12-31 · EX-13 · 2024-12-31 · EX-13 · 2025-12-31 · EX-99.1 · 2026-10-13 · EX-99.2 · 2026-10-13 · EX-99.3 · 2026-10-13
Operating cash flow moved from a $40.358 billion inflow in 2023 to $3.035 billion in 2024 and a $19.001 billion outflow in 2025. Trading positions, derivatives, held-for-sale loans and other operating balances explain why this is not a direct measure of profit conversion. In 2025, lending and securities-financing expansion also absorbed investing cash, financed substantially by deposits and wholesale funding. Year-end cash, equivalents and restricted cash was $172.593 billion, not unrestricted parent cash. Reported available liquidity additionally includes securities and contingent borrowing capacity; overlapping capacity figures must not be added. Consolidated cash capex is not separately established, so no industrial-style free-cash-flow measure is presented.
Sources: EX-13 · 2025-12-31 · EX-13 · 2024-12-31
Common-share repurchase cash payments were $11.851 billion in 2023, $19.448 billion in 2024 and $17.516 billion in 2025; common dividends paid were $4.789 billion, $5.133 billion and $5.434 billion. These payments are distinct from treasury-stock accounting cost and unused authorization. At December 2025, Standardized CET1 was 10.61%, above its 8.50% requirement, but below 11.07% a year earlier because risk-weighted assets grew faster than capital. Subsidiary distributions are an important source of parent debt-service funds. Statutory restrictions and the resolution Support Agreement mean consolidated resources cannot be assumed freely available to the parent; exact contractual triggers remain a required evidence gap.
Sources: EX-13 · 2025-12-31 · 10-K · 2025-12-31
Loan charge-offs eased in 2025, particularly in commercial real estate, but nonperforming assets increased in dollars while their ratio declined because loans grew. Office-property refinancing and weak occupancy remain concerns, alongside a substantial concentration in financial businesses other than banks. Securities also retain interest-rate valuation risk despite high credit ratings. On June 3, 2025, Wells Fargo confirmed removal of the asset-growth limit; the February 2026 annual filing explicitly retained the remaining Federal Reserve order provisions. The separate OCC anti-money-laundering and sanctions agreement and associated inquiries were not reported terminated in the supplied June 2026 report. Effective financial-reporting controls do not establish resolution of every operational, cybersecurity or compliance issue.
Sources: EX-13 · 2025-12-31 · 10-K · 2025-12-31 · 10-Q · 2026-06-30
The July 28, 2026 filing reported first-half revenue of $44.068 billion, attributable net income of $11.660 billion and diluted EPS of $3.60. Lower deposit costs, larger earning balances and fees supported results, while venture-investment gains and fewer shares also mattered. Net interest income increased despite a narrower margin. At June 30, CET1 was 10.26% against an 8.50% requirement, and quarterly average liquidity coverage was 119% against 100%. Subsequent filings establish an August Series HH preferred sale, September senior-note issuance and a Chief Risk Officer appointment effective January 15, 2027—not an already completed leadership transition. The October 13 earnings release, supplement and presentation are now supplied and provide the September-quarter update; their results and regulatory ratios remain preliminary.
September Standardized CET1 was preliminarily 10.0%, against the disclosed 8.5% minimum including buffers. Management attributed capital pressure to higher-rate effects on accumulated other comprehensive income. Nonperforming assets declined, but commercial loan charge-offs increased sequentially and office-property exposure remained stressed. Deposits, short-term borrowings and long-term debt remain separate funding categories. September balance-sheet figures do not establish quarterly cash flow or unrestricted parent liquidity. The supplied March quarterly report also establishes termination of the remaining 2018 Federal Reserve consent order, announced March 5, 2026; it does not terminate the separate OCC AML/sanctions agreement or establish blanket regulatory clearance.
Sources: 10-Q · 2026-06-30 · 8-K · 2026-08-17 · 8-K · 2026-09-24 · 8-K · 2026-09-23 · 8-K · 2026-10-13 · EX-99.1 · 2026-10-13 · EX-99.2 · 2026-10-13 · EX-99.3 · 2026-10-13 · 10-Q · 2026-03-31
USD 83.699 bn
FY2025 · GAAP · consolidated · Attribution: consolidated · Reported currency
| Fiscal year | Value | YoY |
|---|---|---|
| 2025 | USD 83.699 bn | 1.7% |
| 2024 | USD 82.296 bn | -0.4% |
| 2023 | USD 82.597 bn | — |
GAAP net interest income plus noninterest income.
Sources: EX-13 · 2025-12-31
USD 21.338 bn
FY2025 · GAAP · consolidated · Attribution: parent · Reported currency
| Fiscal year | Value | YoY |
|---|---|---|
| 2025 | USD 21.338 bn | 8.2% |
| 2024 | USD 19.722 bn | 3.0% |
| 2023 | USD 19.142 bn | — |
Consolidated net income after noncontrolling interests and before preferred dividends.
Sources: EX-13 · 2025-12-31
USD -19.001 bn
FY2025 · GAAP · consolidated · Attribution: consolidated · Reported currency
| Fiscal year | Value | YoY |
|---|---|---|
| 2025 | USD -19.001 bn | Turned negative |
| 2024 | USD 3.035 bn | -92.5% |
| 2023 | USD 40.358 bn | — |
Net cash provided or used by operating activities, using the revised presentation.
Sources: EX-13 · 2025-12-31
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