NYSE : WFC
Wells Fargo & Company — Financial statements
Financials · Banks - Diversified · United States
Last price 83.685 USD (Oct 30, 2026, 9:56 AM EDT) · Market cap 251.21B
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 56.66B | 54.74B | 57.90B | 57.16B | 38.23B | 29.50B |
| Interest Income on Investments | 35.58B | 32.58B | 32.88B | 27.96B | 15.80B | 10.20B |
| Total Interest Income | 92.24B | 87.31B | 90.78B | 85.12B | 54.02B | 39.69B |
| Interest Paid on Deposits | 21.33B | 20.45B | 24.28B | 16.50B | 2.35B | 388.00M |
| Interest Paid on Borrowings | 21.65B | 19.38B | 18.82B | 16.24B | 6.72B | 3.53B |
| Total Interest Expense | 42.98B | 39.83B | 43.10B | 32.74B | 9.07B | 3.92B |
| Net Interest Income | 49.26B | 47.48B | 47.68B | 52.38B | 44.95B | 35.78B |
| Trust Income | 11.49B | 10.50B | 9.78B | 8.67B | 9.00B | 11.01B |
| Mortgage Banking Activities | 943.00M | 1.15B | 1.05B | 829.00M | 1.38B | 4.96B |
| Income From Trading Activities | 6.15B | 5.25B | 5.52B | 4.45B | 1.46B | 7.26B |
| Other Non-Interest Income | 12.39B | 12.71B | 11.77B | 10.13B | 10.86B | 13.24B |
| Total Non-Interest Income | 37.97B | 36.22B | 34.62B | 30.22B | 29.42B | 43.39B |
| Revenues Before Loan Losses | 87.23B | 83.70B | 82.30B | 82.60B | 74.37B | 79.17B |
| Provision for Loan Losses | 4.12B | 3.66B | 4.33B | 5.40B | 1.53B | -4.16B |
| Revenue | 83.11B | 80.04B | 77.96B | 77.20B | 72.83B | 83.32B |
| Salaries and Employee Benefits | 34.79B | 34.80B | 34.45B | 34.71B | 33.36B | 34.54B |
| Occupancy Expenses | 1.91B | 1.91B | 1.81B | 1.63B | 1.58B | 1.63B |
| Selling, General & Administrative | 14.51B | 13.55B | 12.58B | 12.20B | 11.35B | 11.89B |
| Other Non-Interest Expense | 4.55B | 4.84B | 5.51B | 5.13B | 7.61B | 5.28B |
| Total Non-Interest Expense | 55.76B | 55.11B | 54.35B | 53.66B | 53.90B | 53.34B |
| EBT Excluding Unusual Items | 27.35B | 24.93B | 23.61B | 23.54B | 18.94B | 29.98B |
| Legal Settlements | 28.00M | -3.31B | -341.00M | |||
| Other Unusual Items | 271.00M | 271.00M | -243.00M | -1.90B | ||
| Pretax Income | 27.65B | 25.20B | 23.36B | 21.64B | 15.63B | 29.56B |
| Income Tax Expense | 4.36B | 3.84B | 3.40B | 2.61B | 2.25B | 5.76B |
| Earnings From Continuing Operations | 23.30B | 21.36B | 19.96B | 19.03B | 13.38B | 23.80B |
| Minority Interest in Earnings | -323.00M | -20.00M | -243.00M | 113.00M | 299.00M | -1.69B |
| Net Income | 22.97B | 21.34B | 19.72B | 19.14B | 13.68B | 22.11B |
| Preferred Dividends & Other Adjustments | 995.00M | 1.05B | 1.12B | 1.16B | 1.11B | 1.29B |
| Net Income to Common | 21.98B | 20.29B | 18.61B | 17.98B | 12.56B | 20.82B |
| Basic Shares Outstanding | 3.06B | 3.20B | 3.43B | 3.69B | 3.81B | 4.06B |
| Diluted Shares Outstanding | 3.10B | 3.24B | 3.47B | 3.72B | 3.84B | 4.10B |
| EPS (Basic) | 7.17 | 6.34 | 5.43 | 4.88 | 3.30 | 5.13 |
| EPS (Diluted) | 7.09 | 6.26 | 5.37 | 4.83 | 3.27 | 5.08 |
| Dividend Per Share | 1.85 | 1.70 | 1.50 | 1.30 | 1.10 | 0.60 |
| Effective Tax Rate | 15.76% | 15.24% | 14.55% | 12.05% | 14.40% | 19.50% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 178.19B | 365.18B | 306.01B | 316.46B | 226.06B | 299.24B |
| Investment Securities | 370.65B | 137.24B | 116.80B | 154.07B | 173.62B | 190.68B |
| Trading Asset Securities | 88.87B | 82.42B | 72.68B | 71.44B | 108.91B | 123.92B |
| Mortgage-Backed Securities | 309.64B | 322.58B | 320.18B | 272.77B | 269.64B | 300.41B |
| Total Investments | 769.16B | 542.24B | 509.66B | 498.28B | 552.16B | 615.01B |
| Gross Loans | 1.05T | 988.42B | 915.33B | 939.08B | 957.66B | 897.01B |
| Allowance for Loan Losses | -13.82B | -13.80B | -14.18B | -14.61B | -12.98B | -12.49B |
| Other Adjustments to Gross Loans | -2.25B | -2.59B | -2.40B | -1.78B | -1.62B | |
| Net Loans | 1.03T | 972.37B | 898.56B | 922.08B | 942.89B | 882.90B |
| Property, Plant & Equipment | 16.06B | 20.04B | 19.43B | 18.24B | 17.98B | 18.56B |
| Goodwill | 24.96B | 24.97B | 25.17B | 25.18B | 25.17B | 25.18B |
| Other Intangible Assets | 211.00M | |||||
| Loans Held for Sale | 3.79B | 4.48B | 2.67B | 4.94B | 7.10B | 23.62B |
| Accrued Interest Receivable | 7.36B | 6.86B | 6.33B | 6.76B | 5.81B | 3.62B |
| Other Receivables | 25.06B | 19.65B | 19.61B | 30.54B | 23.65B | 20.83B |
| Restricted Cash | 1.17B | 1.34B | 1.22B | 1.22B | 1.14B | 1.21B |
| Other Current Assets | 138.13B | 145.52B | 95.92B | 62.54B | 26.93B | 13.30B |
| Other Real Estate Owned & Foreclosed | 299.00M | 302.00M | 206.00M | 187.00M | 137.00M | 112.00M |
| Other Long-Term Assets | 53.21B | 44.92B | 44.83B | 44.37B | 52.00B | 44.28B |
| Total Assets | 2.25T | 2.15T | 1.93T | 1.93T | 1.88T | 1.95T |
| Accrued Expenses | 64.59B | 58.33B | 50.32B | 66.52B | 64.03B | 63.69B |
| Interest Bearing Deposits | 1.14T | 1.02T | 958.51B | 940.40B | 916.84B | 949.20B |
| Institutional Deposits | 41.44B | 29.68B | 57.49B | 9.13B | 5.53B | |
| Non-Interest Bearing Deposits | 365.67B | 365.37B | 383.62B | 360.28B | 458.01B | 527.75B |
| Total Deposits | 1.50T | 1.43T | 1.37T | 1.36T | 1.38T | 1.48T |
| Short-Term Borrowings | 276.90B | 264.63B | 114.27B | 108.05B | 71.21B | 43.83B |
| Current Portion of Long-Term Debt | 9.35B | 23.47B | 3.00B | |||
| Current Portion of Leases | 898.00M | |||||
| Other Current Liabilities | 37.94B | 31.84B | 28.48B | |||
| Long-Term Debt | 172.64B | 150.32B | 168.48B | 167.97B | 146.28B | 158.90B |
| Federal Home Loan Bank Debt, Long-Term | 38.00B | 27.00B | ||||
| Long-Term Leases | 4.18B | 3.28B | 4.44B | 4.08B | 4.49B | 4.50B |
| Trust Preferred Securities | 852.00M | 905.00M | 1.59B | 1.60B | 1.57B | 1.76B |
| Long-Term Deferred Tax Liabilities | 631.00M | 243.00M | 2.79B | |||
| Other Long-Term Liabilities | 6.30B | 5.70B | 6.40B | |||
| Total Liabilities | 2.08T | 1.97T | 1.75T | 1.75T | 1.70T | 1.76T |
| Preferred Stock, Redeemable | 13.90B | 13.41B | 13.41B | 10.74B | 10.74B | 10.05B |
| Preferred Stock, Non-Redeemable | 3.51B | 3.51B | 4.20B | |||
| Preferred Stock, Convertible | 3.20B | 3.20B | 5.20B | 5.20B | 5.20B | 5.81B |
| Preferred Stock, Other | -429.00M | -646.00M | ||||
| Total Preferred Equity | 17.10B | 16.61B | 18.61B | 19.45B | 19.02B | 19.41B |
| Common Stock | 9.14B | 9.14B | 9.14B | 9.14B | 9.14B | 9.14B |
| Additional Paid-In Capital | 61.52B | 61.29B | 60.82B | 60.55B | 60.32B | 60.20B |
| Retained Earnings | 241.40B | 228.87B | 214.20B | 201.14B | 187.97B | 180.32B |
| Treasury Stock | -136.87B | -128.12B | -111.46B | -92.96B | -82.85B | -79.76B |
| Comprehensive Income & Other | -16.51B | -6.67B | -12.18B | -11.58B | -13.36B | -1.70B |
| Total Common Equity | 158.66B | 164.51B | 160.51B | 166.29B | 161.21B | 168.19B |
| Minority Interest | 2.12B | 1.92B | 1.95B | 1.71B | 1.99B | 2.50B |
| Shareholders' Equity | 177.88B | 183.04B | 181.07B | 187.44B | 182.21B | 190.11B |
| Total Liabilities & Equity | 2.25T | 2.15T | 1.93T | 1.93T | 1.88T | 1.95T |
| Total Debt | 463.93B | 443.51B | 291.77B | 319.70B | 250.55B | 209.00B |
| Net Cash (Debt) | -2.06B | 5.70B | 88.37B | 68.19B | 84.42B | 214.16B |
| Net Cash Per Share | -0.67 | 1.76 | 25.49 | 18.33 | 22.00 | 52.28 |
| Filing Date Shares Outstanding | 3.00B | 3.09B | 3.29B | 3.58B | 3.79B | 3.81B |
| Total Common Shares Outstanding | 3.00B | 3.09B | 3.29B | 3.60B | 3.83B | 3.89B |
| Book Value Per Share | 52.86 | 53.19 | 48.80 | 46.21 | 42.05 | 43.28 |
| Tangible Book Value | 133.70B | 139.54B | 135.34B | 141.11B | 136.03B | 142.80B |
| Tangible Book Value Per Share | 44.54 | 45.12 | 41.15 | 39.21 | 35.48 | 36.75 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 22.97B | 21.34B | 19.72B | 19.14B | 13.68B | 22.11B |
| Depreciation & Amortization | 7.68B | 7.71B | 7.56B | 6.27B | 6.83B | 7.89B |
| Provision for Credit Losses | 4.12B | 3.66B | 4.33B | 5.40B | 1.53B | -4.16B |
| Net Decrease (Increase) in Loans Originated / Sold - Operating | -2.59B | -4.51B | -4.41B | -3.27B | -9.49B | -57.63B |
| Change in Trading Asset Securities | 7.60B | -52.96B | -25.29B | 11.77B | 39.43B | 16.85B |
| Change in Other Net Operating Assets | -9.97B | 995.00M | 3.27B | -6.79B | -10.02B | 16.21B |
| Other Operating Activities | -910.00M | 4.77B | -2.14B | 7.84B | -14.91B | -12.80B |
| Operating Cash Flow | 28.91B | -19.00B | 3.04B | 40.36B | 27.05B | -11.53B |
| Investment in Securities | -45.65B | -21.86B | -9.89B | 14.05B | 19.23B | -11.25B |
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -111.15B | -78.72B | 21.45B | 14.33B | -61.81B | 397.00M |
| Other Investing Activities | -32.67B | -87.32B | -27.21B | -12.34B | 101.00M | 3.23B |
| Investing Cash Flow | -189.47B | -187.90B | -15.65B | 16.04B | -42.48B | -7.62B |
| Short-Term Debt Issued | 153.07B | 18.71B | 47.05B | 16.56B | ||
| Long-Term Debt Issued | 31.34B | 29.01B | 49.07B | 53.74B | 1.27B | |
| Total Debt Issued | 86.33B | 184.41B | 47.72B | 96.12B | 70.30B | 1.27B |
| Short-Term Debt Repaid | -8.64B | -24.59B | ||||
| Long-Term Debt Repaid | -34.47B | -55.58B | -22.89B | -19.59B | -47.13B | |
| Total Debt Repaid | -32.65B | -34.47B | -55.58B | -31.52B | -19.59B | -71.72B |
| Net Debt Issued (Repaid) | 53.69B | 149.94B | -7.86B | 64.60B | 50.71B | -70.45B |
| Repurchase of Common Stock | -14.52B | -17.52B | -19.45B | -11.85B | -6.03B | -14.46B |
| Preferred Stock Issued | 3.99B | 2.00B | 1.72B | 5.76B | ||
| Preferred Share Repurchases | -3.51B | -2.00B | -2.84B | -1.73B | -6.67B | |
| Common Dividends Paid | -5.66B | -5.43B | -5.13B | -4.79B | -4.18B | -2.42B |
| Preferred Dividends Paid | -991.00M | -1.05B | -1.10B | -1.14B | -1.11B | -1.21B |
| Total Dividends Paid | -6.65B | -6.48B | -6.23B | -5.93B | -5.29B | -3.63B |
| Net Increase (Decrease) in Deposit Accounts | 135.40B | 54.51B | 13.63B | -25.81B | -98.49B | 78.58B |
| Other Financing Activities | -997.00M | -861.00M | -784.00M | -509.00M | -539.00M | -361.00M |
| Financing Cash Flow | 167.41B | 177.59B | -21.53B | 20.49B | -59.65B | -11.24B |
| Net Cash Flow | 6.84B | -29.31B | -34.15B | 76.89B | -75.07B | -30.38B |
| Cash Interest Paid | 42.01B | 39.81B | 43.62B | 30.43B | 8.29B | 4.38B |
| Cash Income Tax Paid | 1.42B | 1.42B | 1.66B | -1.79B | 3.38B | 3.17B |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 253.63B | 292.56B | 233.86B | 178.75B | 157.34B | 191.31B |
| Last Close Price | 83.40 | 91.69 | 67.63 | 46.17 | 37.56 | 42.64 |
| PE Ratio | 11.92 | 14.42 | 12.57 | 9.94 | 12.53 | 9.19 |
| PS Ratio | 3.01 | 3.65 | 3.00 | 2.31 | 2.16 | 2.30 |
| PB Ratio | 1.58 | 1.60 | 1.29 | 0.95 | 0.86 | 1.01 |
| P/OCF Ratio | 8.66 | 77.06 | 4.43 | 5.82 | ||
| Debt / Equity Ratio | 2.61 | 2.42 | 1.61 | 1.71 | 1.38 | 1.10 |
| Net Debt / Equity Ratio | 0.01 | -0.03 | -0.49 | -0.36 | -0.46 | -1.13 |
| Return on Equity (ROE) | 12.91% | 11.73% | 10.84% | 10.30% | 7.19% | 12.67% |
| Return on Assets (ROA) | 1.08% | 1.05% | 1.03% | 1.00% | 0.70% | 1.22% |
| Earnings Yield | 8.39% | 7.29% | 8.43% | 10.71% | 8.69% | 11.56% |
| Dividend Yield | 2.37% | 1.80% | 2.11% | 2.62% | 2.68% | 1.22% |
| Payout Ratio | 28.22% | 30.39% | 31.60% | 30.98% | 38.70% | 16.41% |
| Buyback Yield / Dilution | 5.84% | 6.50% | 6.79% | 3.04% | 6.33% | 0.92% |
| Total Shareholder Return | 8.24% | 8.29% | 8.91% | 5.66% | 9.01% | 2.14% |