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2Q26 Quarterly Supplement

Wells Fargo & Company and Subsidiaries

QUARTERLY FINANCIAL DATA

TABLE OF CONTENTS


			Page
Consolidated Results

Summary Financial Data			3


Consolidated Statement of Income			5


Consolidated Balance Sheet			6
Average Balances and Interest Rates (Taxable-Equivalent Basis)			7









Reportable Operating Segment Results
Combined Segment Results			8
Consumer Banking and Lending			10
Commercial Banking			12
Corporate and Investment Banking			14
Wealth and Investment Management			16
Corporate			17

Credit-Related Information
Consolidated Loans Outstanding – Period-End Balances, Average Balances, and Average Interest Rates			18
Net Loan Charge-offs			19
Changes in Allowance for Credit Losses for Loans			20
Allocation of the Allowance for Credit Losses for Loans			21
Nonperforming Assets (Nonaccrual Loans and Foreclosed Assets)			22


Commercial Loan Portfolio – Commercial and Industrial Loans and Lease Financing by Industry and Commercial Real Estate Loans by Property Type			23


Other
Tangible Common Equity			24

Risk-Based Capital Ratios Under Basel III			26
Net Interest Income Excluding Markets			27

Financial results reported in this document are preliminary. Final financial results and other disclosures will be reported in our Quarterly Report on Form 10-Q for the quarter ended June 30, 2026, and may differ materially from the results and disclosures in this document due to, among other things, the completion of final review procedures, the occurrence of subsequent events, or the discovery of additional information.

Wells Fargo & Company and Subsidiaries

SUMMARY FINANCIAL DATA


	Quarter ended							Jun 30, 2026 % Change from			Six months ended
(in millions, except ratios and per share amounts)	Jun 30, 2026			Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2026		Jun 30, 2025	Jun 30, 2026			Jun 30, 2025	% Change
Selected Income Statement Data
Total revenue	$	22,622		21,446	21,292	21,436	20,822	5	%	9	$	44,068		40,971	8	%
Noninterest expense	13,661			14,330	13,726	13,846	13,379	(5)		2	27,991			27,270	3
Pre-tax pre-provision profit (PTPP) (1)	8,961			7,116	7,566	7,590	7,443	26		20	16,077			13,701	17
Provision for credit losses (2)	914			1,135	1,040	681	1,005	(19)		(9)	2,049			1,937	6
Wells Fargo net income	6,407			5,253	5,361	5,589	5,494	22		17	11,660			10,388	12
Wells Fargo net income applicable to common stock	6,160			5,000	5,114	5,341	5,214	23		18	11,160			9,830	14

Common Share Data
Diluted earnings per common share	2.00			1.60	1.62	1.66	1.60	25		25	3.60			2.98	21
Dividends declared per common share	0.45			0.45	0.45	0.45	0.40	—		13	0.90			0.80	13
Common shares outstanding	3,028.5			3,064.3	3,092.6	3,148.9	3,220.4	(1)		(6)
Average common shares outstanding	3,044.0			3,080.0	3,113.8	3,182.2	3,232.7	(1)		(6)	3,061.9			3,256.4	(6)
Diluted average common shares outstanding	3,074.6			3,117.7	3,159.0	3,223.5	3,267.0	(1)		(6)	3,096.0			3,294.2	(6)
Book value per common share (3)	$	54.48		53.25	53.24	52.30	51.13	2		7
Tangible book value per common share (3)(4)	46.13			44.98	45.02	44.18	43.18	3		7

Selected Equity Data (period-end)
Total equity	182,323			180,313	183,038	183,012	182,954	1		—
Common stockholders' equity	164,981			163,188	164,651	164,687	164,644	1		—
Tangible common equity (4)	139,703			137,817	139,219	139,119	139,057	1		—

Performance Ratios
Return on average assets (ROA) (5)	1.15		%	0.98	1.02	1.10	1.14				1.07		%	1.09
Return on average equity (ROE) (6)	15.0			12.2	12.3	12.8	12.8				13.6			12.2
Return on average tangible common equity (ROTCE) (4)	17.7			14.5	14.5	15.2	15.2				16.1			14.4
Efficiency ratio (7)	60			67	64	65	64				64			67
Net interest margin on a taxable-equivalent basis	2.43			2.47	2.60	2.61	2.68				2.45			2.67
Average deposit cost	1.51			1.43	1.44	1.54	1.52				1.47			1.55

(1)Pre-tax pre-provision profit (PTPP) is total revenue less noninterest expense. Management believes that PTPP is a useful financial measure because it enables investors and others to assess the Company’s ability to generate capital to cover credit losses through a credit cycle.

(2)Includes provision for credit losses for loans, debt securities, and other financial assets.

(3)Book value per common share is common stockholders' equity divided by common shares outstanding. Tangible book value per common share is tangible common equity divided by common shares outstanding.

(4)Tangible common equity, tangible book value per common share, and return on average tangible common equity are non-GAAP financial measures. For additional information, including a corresponding reconciliation to GAAP financial measures, see the “Tangible Common Equity” tables on pages 24 and 25.

(5)Represents Wells Fargo net income divided by average assets.

(6)Represents Wells Fargo net income applicable to common stock divided by average common stockholders’ equity.

(7)The efficiency ratio is noninterest expense divided by total revenue (net interest income and noninterest income).

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Wells Fargo & Company and Subsidiaries

SUMMARY FINANCIAL DATA (continued)


	Quarter ended							Jun 30, 2026 % Change from			Six months ended
($ in millions, unless otherwise noted)	Jun 30, 2026			Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2026		Jun 30, 2025	Jun 30, 2026		Jun 30, 2025	% Change
Selected Balance Sheet Data (average)
Loans	$	1,026,479		996,025	955,849	928,677	916,719	3	%	12	$	1,011,336	912,474	11	%
Assets	2,227,923			2,168,224	2,079,777	2,010,200	1,933,371	3		15	2,198,238		1,926,554	14
Deposits	1,465,600			1,415,034	1,377,718	1,339,939	1,331,651	4		10	1,440,457		1,335,469	8

Selected Balance Sheet Data (period-end)
Available-for-sale and held-to-maturity debt securities	448,899			426,953	421,596	420,914	406,362	5		10
Loans	1,031,115			1,016,787	986,167	943,102	924,418	1		12
Allowance for credit losses for loans	14,407			14,374	14,337	14,311	14,568	—		(1)

Assets	2,282,201			2,205,752	2,148,631	2,062,926	1,981,269	3		15
Deposits	1,501,405			1,454,939	1,426,207	1,367,361	1,340,703	3		12

Headcount (#) (period-end)	197,466			200,999	205,198	210,821	212,804	(2)		(7)

Capital and other metrics (1)
Risk-based capital ratios and components (2):
Standardized Approach:
Common Equity Tier 1 (CET1)	10.3		%	10.3	10.6	11.0	11.1
Tier 1 capital	11.4			11.4	11.9	12.3	12.5
Total capital	13.7			13.8	14.3	14.8	15.0
Risk-weighted assets (RWAs) (in billions)	$	1,342.2		1,316.0	1,294.6	1,242.4	1,225.9	2		9

Advanced Approach:
Common Equity Tier 1 (CET1)	12.1		%	12.1	12.4	12.7	12.7
Tier 1 capital	13.4			13.4	13.8	14.3	14.3
Total capital	15.3			15.3	15.7	16.2	16.2
Risk-weighted assets (RWAs) (in billions)	$	1,140.6		1,121.0	1,112.5	1,072.2	1,070.4	2		7

Tier 1 leverage ratio	6.9		%	7.0	7.5	7.7	8.0
Supplementary Leverage Ratio (SLR)	5.8			5.9	6.2	6.4	6.7
Total Loss Absorbing Capacity (TLAC) Ratio (3)	22.8			23.0	23.2	24.6	24.4
Liquidity Coverage Ratio (LCR) (4)	119			120	119	121	121

(1)Ratios and metrics for June 30, 2026, are preliminary estimates.

(2)See the table on page 26 for more information on CET1, Tier 1 capital, and total capital.

(3)Represents TLAC divided by risk-weighted assets (RWAs), which is our binding TLAC ratio, determined by using the greater of RWAs under the Standardized and Advanced Approaches.

(4)Represents average high-quality liquid assets divided by average projected net cash outflows, as each is defined under the LCR rule.

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Wells Fargo & Company and Subsidiaries

CONSOLIDATED STATEMENT OF INCOME


	Quarter ended						Jun 30, 2026 % Change from			Six months ended
(in millions, except per share amounts)	Jun 30, 2026		Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2026		Jun 30, 2025	Jun 30, 2026		Jun 30, 2025	% Change







Interest income	$	23,284	22,445	22,602	22,419	21,320	4	%	9	$	45,729	42,293	8	%





Interest expense	10,967		10,349	10,271	10,469	9,612	6		14	21,316		19,090	12
Net interest income	12,317		12,096	12,331	11,950	11,708	2		5	24,413		23,203	5
Noninterest income
Deposit-related fees	1,357		1,319	1,291	1,290	1,249	3		9	2,676		2,518	6
Lending-related fees	405		393	393	384	373	3		9	798		737	8
Investment advisory and other asset-based fees	2,821		2,824	2,803	2,660	2,499	—		13	5,645		5,035	12
Commissions and brokerage services fees	687		667	657	651	610	3		13	1,354		1,248	8
Investment banking fees	939		796	716	840	696	18		35	1,735		1,471	18
Card fees	1,222		1,138	1,149	1,223	1,173	7		4	2,360		2,217	6
Mortgage banking	256		201	322	268	230	27		11	457		562	(19)
Net gains from trading activities	1,393		1,351	979	1,408	1,376	3		1	2,744		2,760	(1)
Net gains (losses) from debt securities	1		—	3	—	—	NM		NM	1		(147)	101
Net gains (losses) from equity securities	847		172	319	149	119	392		612	1,019		(224)	555

Other	377		489	329	613	789	(23)		(52)	866		1,591	(46)
Total noninterest income	10,305		9,350	8,961	9,486	9,114	10		13	19,655		17,768	11
Total revenue	22,622		21,446	21,292	21,436	20,822	5		9	44,068		40,971	8




Provision for credit losses (1)	914		1,135	1,040	681	1,005	(19)		(9)	2,049		1,937	6
Noninterest expense
Personnel	8,851		9,593	9,077	9,021	8,709	(8)		2	18,444		18,183	1
Technology, telecommunications and equipment	1,457		1,397	1,374	1,319	1,287	4		13	2,854		2,510	14
Occupancy	803		778	840	784	766	3		5	1,581		1,527	4

Professional and outside services	1,109		1,066	1,236	1,177	1,089	4		2	2,175		2,127	2

Advertising and promotion	361		369	352	295	266	(2)		36	730		447	63
Other	1,080		1,127	847	1,250	1,262	(4)		(14)	2,207		2,476	(11)
Total noninterest expense	13,661		14,330	13,726	13,846	13,379	(5)		2	27,991		27,270	3
Income before income tax expense	8,047		5,981	6,526	6,909	6,438	35		25	14,028		11,764	19
Income tax expense	1,402		691	1,103	1,300	916	103		53	2,093		1,438	46
Net income before noncontrolling interests	6,645		5,290	5,423	5,609	5,522	26		20	11,935		10,326	16
Less: Net income (loss) from noncontrolling interests	238		37	62	20	28	543		750	275		(62)	544
Wells Fargo net income	$	6,407	5,253	5,361	5,589	5,494	22	%	17	$	11,660	10,388	12	%
Less: Preferred stock dividends and other	247		253	247	248	280	(2)		(12)	500		558	(10)
Wells Fargo net income applicable to common stock	$	6,160	5,000	5,114	5,341	5,214	23	%	18	$	11,160	9,830	14	%
Per share information
Earnings per common share	$	2.02	1.62	1.64	1.68	1.61	25	%	25	$	3.64	3.02	21	%
Diluted earnings per common share	2.00		1.60	1.62	1.66	1.60	25		25	3.60		2.98	21

NM – Not meaningful

(1)Includes provision for credit losses for loans, debt securities, and other financial assets.

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Wells Fargo & Company and Subsidiaries

CONSOLIDATED BALANCE SHEET


							Jun 30, 2026 % Change from
(in millions, except shares)	Jun 30, 2026		Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2026		Jun 30, 2025
Assets
Cash and due from banks	$	42,161	33,543	39,182	34,801	35,081	26	%	20
Interest-earning deposits with banks	161,214		141,241	135,028	139,524	159,480	14		1

Federal funds sold and securities borrowed or purchased under resale agreements	205,345		215,599	193,929	154,576	104,815	(5)		96
Trading assets	243,168		221,711	227,935	225,624	192,933	10		26



Available-for-sale debt securities	250,326		222,873	213,573	206,682	184,869	12		35
Held-to-maturity debt securities	198,573		204,080	208,023	214,232	221,493	(3)		(10)
Loans	1,031,115		1,016,787	986,167	943,102	924,418	1		12
Allowance for loan losses	(13,905)		(13,864)	(13,797)	(13,744)	(13,961)	—		—
Net loans	1,017,210		1,002,923	972,370	929,358	910,457	1		12
Premises and equipment, net	11,631		11,499	11,395	11,040	10,768	1		8
Goodwill	24,963		24,965	24,967	25,069	25,071	—		—
Equity securities	42,378		41,126	40,932	39,267	39,051	3		9
Other assets	85,232		86,192	81,297	82,753	97,251	(1)		(12)
Total assets	$	2,282,201	2,205,752	2,148,631	2,062,926	1,981,269	3		15
Liabilities
Noninterest-bearing deposits	$	370,116	365,712	365,368	366,814	370,844	1		—
Interest-bearing deposits	1,131,289		1,089,227	1,060,839	1,000,547	969,859	4		17
Total deposits	1,501,405		1,454,939	1,426,207	1,367,361	1,340,703	3		12
Federal funds purchased and securities loaned or sold under repurchase agreements	251,804		234,371	232,687	202,274	161,618	7		56
Short-term borrowings	25,168		32,282	18,323	16,449	13,361	(22)		88
Trading liabilities	56,631		53,647	45,468	45,258	43,531	6		30


Accrued expenses and other liabilities	82,731		66,259	68,196	70,799	62,865	25		32
Long-term debt	182,139		183,941	174,712	177,773	176,237	(1)		3
Total liabilities	2,099,878		2,025,439	1,965,593	1,879,914	1,798,315	4		17
Equity
Wells Fargo stockholders’ equity:
Preferred stock	15,348		15,348	16,608	16,608	16,608	—		(8)
Common stock – $1-2/3 par value, authorized 9,000,000,000 shares; issued 5,481,811,474 shares	9,136		9,136	9,136	9,136	9,136	—		—
Additional paid-in capital	61,192		60,852	61,288	61,016	60,669	1		1
Retained earnings	237,230		232,459	228,873	225,189	221,308	2		7
Accumulated other comprehensive loss	(8,277)		(7,922)	(6,673)	(7,647)	(9,366)	(4)		12
Treasury stock (1)	(134,439)		(131,477)	(128,115)	(123,148)	(117,244)	(2)		(15)

Total Wells Fargo stockholders’ equity	180,190		178,396	181,117	181,154	181,111	1		(1)
Noncontrolling interests	2,133		1,917	1,921	1,858	1,843	11		16
Total equity	182,323		180,313	183,038	183,012	182,954	1		—
Total liabilities and equity	$	2,282,201	2,205,752	2,148,631	2,062,926	1,981,269	3		15

(1)Number of shares of treasury stock were 2,453,296,138, 2,417,471,421, 2,389,192,624, 2,332,874,793, and 2,261,443,304 at June 30, and March 31, 2026, and December 31, September 30, and June 30, 2025, respectively.

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Wells Fargo & Company and Subsidiaries

AVERAGE BALANCES AND INTEREST RATES (TAXABLE-EQUIVALENT BASIS) (1)


	Quarter ended							Jun 30, 2026 % Change from			Six months ended				% Change
($ in millions)	Jun 30, 2026			Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2026		Jun 30, 2025	Jun 30, 2026			Jun 30, 2025
Average Balances

Assets
Interest-earning deposits with banks	$	161,991		152,119	144,428	158,704	137,136	6	%	18	$	157,082		143,958	9	%
Federal funds sold and securities borrowed or purchased under resale agreements	191,176			192,250	159,759	120,900	105,987	(1)		80	191,710			103,594	85
Trading assets	193,690			192,209	183,706	172,409	157,704	1		23	192,954			157,064	23
Available-for-sale debt securities	235,644			217,181	212,487	200,309	187,390	9		26	226,463			181,503	25
Held-to-maturity debt securities	204,500			209,089	213,545	221,447	227,525	(2)		(10)	206,781			230,720	(10)
Loans	1,026,479			996,025	955,849	928,677	916,719	3		12	1,011,336			912,474	11
Equity securities	13,014			13,123	11,712	12,450	12,039	(1)		8	13,068			12,062	8
Other interest-earning assets	18,119			15,321	17,809	17,614	17,660	18		3	16,729			15,891	5
Total interest-earning assets	2,044,613			1,987,317	1,899,295	1,832,510	1,762,160	3		16	2,016,123			1,757,266	15
Total noninterest-earning assets	183,310			180,907	180,482	177,690	171,211	1		7	182,115			169,288	8
Total assets	$	2,227,923		2,168,224	2,079,777	2,010,200	1,933,371	3		15	$	2,198,238		1,926,554	14
Liabilities
Interest-bearing deposits	$	1,111,204		1,064,033	1,020,494	984,197	970,684	4		14	$	1,087,749		971,799	12
Federal funds purchased and securities loaned or sold under repurchase agreements	242,917			242,429	215,871	182,636	130,388	—		86	242,675			122,986	97
Short-term borrowings	33,104			29,397	10,869	17,936	6,455	13		413	31,261			4,468	600
Trading liabilities	38,368			35,831	35,702	33,086	30,937	7		24	37,106			30,750	21
Long-term debt	182,830			181,875	177,130	175,944	175,289	1		4	182,355			174,177	5
Other interest-bearing liabilities	21,787			20,498	19,619	20,382	20,906	6		4	21,146			19,769	7
Total interest-bearing liabilities	1,630,210			1,574,063	1,479,685	1,414,181	1,334,659	4		22	1,602,292			1,323,949	21
Noninterest-bearing deposits	354,396			351,001	357,224	355,742	360,967	1		(2)	352,708			363,670	(3)
Other noninterest-bearing liabilities	61,407			59,467	59,024	56,849	54,477	3		13	60,441			55,623	9
Total liabilities	2,046,013			1,984,531	1,895,933	1,826,772	1,750,103	3		17	2,015,441			1,743,242	16
Total equity	181,910			183,693	183,844	183,428	183,268	(1)		(1)	182,797			183,312	—
Total liabilities and equity	$	2,227,923		2,168,224	2,079,777	2,010,200	1,933,371	3		15	$	2,198,238		1,926,554	14

Average Interest Rates

Interest-earning assets
Interest-earning deposits with banks	3.35		%	3.38	3.65	4.01	3.96				3.36		%	3.96
Federal funds sold and securities borrowed or purchased under resale agreements	3.64			3.67	3.95	4.22	4.19				3.65			4.22
Trading assets	3.94			3.89	4.11	3.97	4.02				3.92			3.96
Available-for-sale debt securities	4.43			4.44	4.60	4.66	4.62				4.43			4.55
Held-to-maturity debt securities	2.24			2.27	2.27	2.32	2.35				2.26			2.38
Loans	5.60			5.62	5.78	5.97	5.95				5.61			5.95
Equity securities	2.87			2.79	2.64	2.22	2.19				2.83			2.41
Other interest-earning assets	4.28			3.55	4.78	5.61	4.24				3.94			4.39
Total interest-earning assets	4.58			4.58	4.75	4.88	4.87				4.58			4.86
Interest-bearing liabilities
Interest-bearing deposits	1.99			1.90	1.94	2.09	2.09				1.94			2.13
Federal funds purchased and securities loaned or sold under repurchase agreements	3.72			3.74	4.05	4.39	4.40				3.73			4.40
Short-term borrowings	4.00			4.04	4.47	4.68	5.04				4.02			5.16
Trading liabilities	3.08			3.15	3.23	3.20	3.19				3.11			3.18
Long-term debt	5.22			5.25	5.61	5.89	5.95				5.24			5.96
Other interest-bearing liabilities	3.47			3.60	3.61	3.75	3.61				3.53			3.57
Total interest-bearing liabilities	2.70			2.66	2.76	2.94	2.89				2.68			2.90

Interest rate spread on a taxable-equivalent basis (2)	1.88			1.92	1.99	1.94	1.98				1.90			1.96
Net interest margin on a taxable-equivalent basis (2)	2.43			2.47	2.60	2.61	2.68				2.45			2.67

(1)The average balance amounts represent amortized costs. The average interest rates are based on interest income or expense amounts for the period and are annualized, if applicable. Interest rates include the effects of hedge and risk management activities associated with the respective asset and liability categories.

(2)Includes taxable-equivalent adjustments of $75 million, $72 million, $74 million, $75 million, and $77 million for the quarters ended June 30, and March 31, 2026, and December 31, September 30, and June 30, 2025, respectively, and $147 million and $154 million for the first half of 2026 and 2025, respectively, predominantly related to tax-exempt income on certain loans and securities. The federal statutory tax rate utilized was 21% for the periods presented.

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Wells Fargo & Company and Subsidiaries

COMBINED SEGMENT RESULTS (1)


						Quarter ended June 30, 2026
(in millions)	Consumer Banking and Lending		Commercial Banking	Corporate and Investment Banking	Wealth and Investment Management	Corporate (2)	Reconciling Items (3)	Consolidated Company
Net interest income	$	7,742	2,047	2,273	919	(589)	(75)	12,317
Noninterest income	2,546		1,071	3,152	2,973	1,002	(439)	10,305
Total revenue	10,288		3,118	5,425	3,892	413	(514)	22,622
Provision for credit losses	945		131	(181)	17	2	—	914
Noninterest expense	6,286		1,412	2,497	3,160	306	—	13,661
Income (loss) before income tax expense (benefit)	3,057		1,575	3,109	715	105	(514)	8,047
Income tax expense (benefit)	767		397	780	178	(206)	(514)	1,402
Net income before noncontrolling interests	2,290		1,178	2,329	537	311	—	6,645
Less: Net income from noncontrolling interests	—		2	—	—	236	—	238
Net income	$	2,290	1,176	2,329	537	75	—	6,407

						Quarter ended March 31, 2026
Net interest income	$	7,551	1,988	2,184	905	(460)	(72)	12,096
Noninterest income	2,447		1,132	3,094	2,970	228	(521)	9,350
Total revenue	9,998		3,120	5,278	3,875	(232)	(593)	21,446
Provision for credit losses	818		150	175	(10)	2	—	1,135
Noninterest expense	6,589		1,608	2,692	3,262	179	—	14,330
Income (loss) before income tax expense (benefit)	2,591		1,362	2,411	623	(413)	(593)	5,981
Income tax expense (benefit)	650		343	602	155	(466)	(593)	691
Net income before noncontrolling interests	1,941		1,019	1,809	468	53	—	5,290
Less: Net income from noncontrolling interests	—		2	—	—	35	—	37
Net income	$	1,941	1,017	1,809	468	18	—	5,253

						Quarter ended June 30, 2025
Net interest income	$	7,305	1,983	1,815	785	(103)	(77)	11,708
Noninterest income	2,383		950	2,858	2,653	662	(392)	9,114
Total revenue	9,688		2,933	4,673	3,438	559	(469)	20,822
Provision for credit losses	945		(43)	103	12	(12)	—	1,005
Noninterest expense	6,179		1,519	2,251	2,865	565	—	13,379
Income (loss) before income tax expense (benefit)	2,564		1,457	2,319	561	6	(469)	6,438
Income tax expense (benefit)	641		369	582	141	(348)	(469)	916
Net income before noncontrolling interests	1,923		1,088	1,737	420	354	—	5,522
Less: Net income from noncontrolling interests	—		2	—	—	26	—	28
Net income	$	1,923	1,086	1,737	420	328	—	5,494

(1)The management reporting process is based on U.S. GAAP and includes specific adjustments, such as for funds transfer pricing for asset/liability management, shared revenues and expenses, and taxable-equivalent adjustments to consistently reflect income from taxable and tax-exempt sources, which allows management to assess performance across the operating segments. We define our operating segments by type of product and customer segment.

(2)All other business activities that are not included in the reportable operating segments have been included in Corporate. Corporate includes corporate treasury and enterprise functions, net of expense allocations, in support of the reportable operating segments (including funds transfer pricing, capital, and liquidity), as well as our investment portfolio and venture capital investments. Corporate also includes results for previously divested businesses.

(3)Taxable-equivalent adjustments related to tax-exempt income on certain loans and debt securities are included in net interest income, while taxable-equivalent adjustments related to income tax credits for affordable housing and renewable energy investments are included in noninterest income, in each case with corresponding impacts to income tax expense (benefit). Adjustments are included in Corporate, Commercial Banking, and Corporate and Investment Banking and are eliminated to reconcile to the Company’s consolidated financial results.

-8-

Wells Fargo & Company and Subsidiaries

COMBINED SEGMENT RESULTS (continued) (1)


						Six months ended June 30, 2026
(in millions)	Consumer Banking and Lending		Commercial Banking	Corporate and Investment Banking	Wealth and Investment Management	Corporate (2)	Reconciling Items (3)	Consolidated Company
Net interest income	$	15,293	4,035	4,457	1,824	(1,049)	(147)	24,413
Noninterest income	4,993		2,203	6,246	5,943	1,230	(960)	19,655
Total revenue	20,286		6,238	10,703	7,767	181	(1,107)	44,068
Provision for credit losses	1,763		281	(6)	7	4	—	2,049
Noninterest expense	12,875		3,020	5,189	6,422	485	—	27,991
Income (loss) before income tax expense (benefit)	5,648		2,937	5,520	1,338	(308)	(1,107)	14,028
Income tax expense (benefit)	1,417		740	1,382	333	(672)	(1,107)	2,093
Net income before noncontrolling interests	4,231		2,197	4,138	1,005	364	—	11,935
Less: Net income from noncontrolling interests	—		4	—	—	271	—	275
Net income	$	4,231	2,193	4,138	1,005	93	—	11,660

						Six months ended June 30, 2025
Net interest income	$	14,344	3,960	3,605	1,515	(67)	(154)	23,203
Noninterest income	4,727		1,898	6,132	5,327	449	(765)	17,768
Total revenue	19,071		5,858	9,737	6,842	382	(919)	40,971
Provision for credit losses	1,684		144	103	23	(17)	—	1,937
Noninterest expense	12,521		3,189	4,727	5,811	1,022	—	27,270
Income (loss) before income tax expense (benefit)	4,866		2,525	4,907	1,008	(623)	(919)	11,764
Income tax expense (benefit)	1,211		641	1,229	239	(963)	(919)	1,438
Net income before noncontrolling interests	3,655		1,884	3,678	769	340	—	10,326
Less: Net income (loss) from noncontrolling interests	—		4	—	—	(66)	—	(62)
Net income	$	3,655	1,880	3,678	769	406	—	10,388

-9-

Wells Fargo & Company and Subsidiaries

CONSUMER BANKING AND LENDING SEGMENT


	Quarter ended						Jun 30, 2026 % Change from			Six months ended
($ in millions)	Jun 30, 2026		Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2026		Jun 30, 2025	Jun 30, 2026		Jun 30, 2025	% Change
Income Statement
Net interest income	$	7,742	7,551	7,661	7,628	7,305	3	%	6	$	15,293	14,344	7	%
Noninterest income:
Deposit-related fees	747		720	693	698	653	4		14	1,467		1,304	13
Investment advisory and other asset-based fees	264		264	253	249	232	—		14	528		472	12
Commissions and brokerage services fees	127		115	118	133	111	10		14	242		224	8
Card fees	1,148		1,064	1,088	1,162	1,109	8		4	2,212		2,087	6
Mortgage banking	154		163	179	199	169	(6)		(9)	317		391	(19)
Other	106		121	118	103	109	(12)		(3)	227		249	(9)
Total noninterest income	2,546		2,447	2,449	2,544	2,383	4		7	4,993		4,727	6
Total revenue	10,288		9,998	10,110	10,172	9,688	3		6	20,286		19,071	6
Net charge-offs	799		820	775	766	818	(3)		(2)	1,619		1,695	(4)
Change in the allowance for credit losses	146		(2)	136	1	127	NM		15	144		(11)	NM
Provision for credit losses	945		818	911	767	945	16		—	1,763		1,684	5
Noninterest expense	6,286		6,589	6,238	6,376	6,179	(5)		2	12,875		12,521	3
Income before income tax expense	3,057		2,591	2,961	3,029	2,564	18		19	5,648		4,866	16
Income tax expense	767		650	742	759	641	18		20	1,417		1,211	17
Net income	$	2,290	1,941	2,219	2,270	1,923	18		19	$	4,231	3,655	16
Revenue by Line of Business
Consumer, Small and Business Banking	$	7,308	7,019	7,130	7,089	6,748	4		8	$	14,327	13,199	9
Credit Card	1,614		1,595	1,600	1,663	1,588	1		2	3,209		3,112	3
Home Lending	762		787	807	870	821	(3)		(7)	1,549		1,687	(8)
Auto	320		295	282	256	241	8		33	615		478	29
Personal Lending	284		302	291	294	290	(6)		(2)	586		595	(2)
Total revenue	$	10,288	9,998	10,110	10,172	9,688	3		6	$	20,286	19,071	6
Selected Balance Sheet Data (average)
Loans by Line of Business:
Consumer, Small and Business Banking (1)	$	17,892	17,399	17,201	17,520	9,513	3		88	$	17,647	9,481	86
Credit Card	52,655		53,041	52,898	51,121	49,947	(1)		5	52,847		50,028	6
Home Lending	197,949		198,493	200,226	201,803	203,556	—		(3)	198,219		204,526	(3)
Auto	55,701		52,567	48,699	44,775	42,366	6		31	54,143		42,432	28
Personal Lending	13,631		13,765	13,977	13,880	13,651	(1)		—	13,698		13,776	(1)
Total loans	$	337,828	335,265	333,001	329,099	319,033	1		6	$	336,554	320,243	5
Total deposits (1)	828,363		816,621	807,643	808,942	805,537	1		3	822,524		802,725	2
Allocated capital (2)	33,000		33,000	45,500	45,500	45,500	—		(27)	33,000		45,500	(27)

Selected Balance Sheet Data (period-end)
Loans by Line of Business:
Consumer, Small and Business Banking (1)	$	18,197	17,891	17,203	17,755	9,696	2		88
Credit Card	53,334		52,266	54,059	51,572	50,084	2		6
Home Lending	198,187		198,516	199,742	201,345	203,062	—		(2)
Auto	57,391		54,279	50,954	46,524	43,373	6		32
Personal Lending	13,830		13,608	14,052	13,984	13,790	2		—
Total loans	$	340,939	336,560	336,010	331,180	320,005	1		7
Total deposits (1)	832,165		840,556	821,100	810,992	806,572	(1)		3

NM – Not meaningful

(1)In third quarter 2025, we prospectively transferred approximately $8 billion of loans and approximately $6 billion of deposits related to certain business customers from the Commercial Banking operating segment to Consumer, Small and Business Banking in the Consumer Banking and Lending operating segment.

(2)In first quarter 2026, we updated our assumptions and methodologies used to allocate capital as part of our periodic assessments.

-10-

Wells Fargo & Company and Subsidiaries

CONSUMER BANKING AND LENDING SEGMENT (continued)


	Quarter ended							Jun 30, 2026 % Change from			Six months ended
($ in millions, unless otherwise noted)	Jun 30, 2026			Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2026		Jun 30, 2025	Jun 30, 2026			Jun 30, 2025	% Change
Selected Metrics
Consumer Banking and Lending:
Return on allocated capital (1)	27.1		%	23.1	18.8	19.2	16.4				25.1		%	15.6
Efficiency ratio (2)	61			66	62	63	64				63			66
Retail bank branches (#, period-end)	4,079			4,093	4,090	4,108	4,135	—	%	(1)
Digital active customers (# in millions, period-end) (3)	38.0			38.1	37.2	37.0	36.6	—		4
Mobile active customers (# in millions, period-end) (3)	33.7			33.5	32.8	32.5	32.1	1		5

Consumer, Small and Business Banking:
Deposit spread (4)	2.60		%	2.58	2.60	2.59	2.53				2.59		%	2.49
Debit card purchase volume ($ in billions) (5)	$	144.8		134.3	137.3	133.6	133.6	8		8	$	279.1		259.6	8	%
Debit card purchase transactions (# in millions) (5)	2,780			2,582	2,696	2,674	2,655	8		5	5,362			5,141	4
Client assets in advisory and brokerage accounts ($ in billions, period-end)	$	282		261	265	262	249	8		13

Home Lending:





Mortgage loan originations ($ in billions)	$	9.0		6.3	7.5	7.0	7.4	43		22	$	15.3		11.8	30
% of originations held for sale (HFS)	20.6		%	24.4	21.9	31.0	34.0				22.2		%	35.6
Third party mortgage loans serviced ($ in billions, period-end) (6)	$	361.4		386.6	397.0	433.8	455.5	(7)		(21)

Home lending loans 30+ days delinquency rate (period-end) (7)(8)(9)	0.32		%	0.30	0.31	0.32	0.30

Credit Card (5):
Credit card purchase volume ($ in billions)	$	44.5		40.0	42.2	40.3	39.9	11		12	$	84.5		76.6	10
Credit card new accounts (# in thousands)	662			631	710	707	452	5		46	1,293			848	52
Credit card loans 30+ days delinquency rate (period-end) (8)(9)	2.58		%	2.77	2.78	2.68	2.63
Credit card loans 90+ days delinquency rate (period-end) (8)(9)	1.34			1.45	1.42	1.34	1.32

Auto:
Auto loan originations ($ in billions)	$	9.7		9.7	10.2	8.8	6.9	—		41	$	19.4		11.5	69
Auto loans 30+ days delinquency rate (period-end) (8)(9)	1.31		%	1.26	1.52	1.54	1.72

(1)Return on allocated capital is segment net income (loss) applicable to common stock divided by segment average allocated capital. Segment net income (loss) applicable to common stock is segment net income (loss) less allocated preferred stock dividends.

(2)Efficiency ratio is segment noninterest expense divided by segment total revenue (net interest income and noninterest income).

(3)Digital and mobile active customers is the number of consumer and small business customers who have logged on via a digital or mobile device, respectively, in the prior 90 days. Digital active customers includes both online and mobile customers.

(4)Deposit spread is (i) the internal funds transfer pricing credit on segment deposits minus interest paid to customers for segment deposits, divided by (ii) average segment deposits.

(5)Reflects combined activity for consumer and small business customers.

(6)Excludes residential mortgage loans subserviced for others.

(7)Excludes residential mortgage loans that are insured or guaranteed by U.S. government agencies.

(8)Excludes loans held for sale.

(9)Delinquency balances exclude nonaccrual loans.

-11-

Wells Fargo & Company and Subsidiaries

COMMERCIAL BANKING SEGMENT


	Quarter ended							Jun 30, 2026 % Change from			Six months ended
($ in millions)	Jun 30, 2026			Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2026		Jun 30, 2025	Jun 30, 2026			Jun 30, 2025	% Change
Income Statement
Net interest income	$	2,047		1,988	1,993	1,949	1,983	3	%	3	$	4,035		3,960	2	%
Noninterest income:
Deposit-related fees	325			319	320	311	324	2		—	644			659	(2)
Lending-related fees	148			150	147	144	138	(1)		7	298			274	9
Lease income	106			121	115	119	116	(12)		(9)	227			239	(5)
Other	492			542	504	518	372	(9)		32	1,034			726	42
Total noninterest income	1,071			1,132	1,086	1,092	950	(5)		13	2,203			1,898	16
Total revenue	3,118			3,120	3,079	3,041	2,933	—		6	6,238			5,858	6
Net charge-offs	93			58	96	83	98	60		(5)	151			139	9
Change in the allowance for credit losses	38			92	9	(44)	(141)	(59)		127	130			5	NM
Provision for credit losses	131			150	105	39	(43)	(13)		405	281			144	95
Noninterest expense	1,412			1,608	1,443	1,445	1,519	(12)		(7)	3,020			3,189	(5)
Income before income tax expense	1,575			1,362	1,531	1,557	1,457	16		8	2,937			2,525	16
Income tax expense	397			343	387	393	369	16		8	740			641	15
Less: Net income from noncontrolling interests	2			2	2	2	2	—		—	4			4	—
Net income	$	1,176		1,017	1,142	1,162	1,086	16		8	$	2,193		1,880	17

Revenue by Product
Lending and leasing	$	1,278		1,250	1,254	1,251	1,262	2		1	$	2,528		2,529	—
Treasury management and payments	1,307			1,304	1,284	1,206	1,250	—		5	2,611			2,510	4
Other	533			566	541	584	421	(6)		27	1,099			819	34
Total revenue	$	3,118		3,120	3,079	3,041	2,933	—		6	$	6,238		5,858	6

Selected Metrics
Return on allocated capital	17.2		%	15.0	16.5	16.8	15.8				16.1		%	13.6
Efficiency ratio	45			52	47	48	52				48			54

NM – Not meaningful

-12-

Wells Fargo & Company and Subsidiaries

COMMERCIAL BANKING SEGMENT (continued)


	Quarter ended						Jun 30, 2026 % Change from			Six months ended
($ in millions)	Jun 30, 2026		Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2026		Jun 30, 2025	Jun 30, 2026		Jun 30, 2025	% Change
Selected Balance Sheet Data (average)
Loans:
Commercial and industrial	$	181,739	174,308	170,565	166,946	167,134	4	%	9	$	178,044	165,632	7	%
Commercial real estate	40,179		39,481	38,405	37,605	44,373	2		(9)	39,832		44,485	(10)
Lease financing and other	15,209		15,271	15,046	14,805	14,954	—		2	15,240		15,023	1
Total loans (1)	$	237,127	229,060	224,016	219,356	226,461	4		5	$	233,116	225,140	4

Total deposits (1)	189,534		185,897	180,989	171,976	177,994	2		6	187,726		180,413	4
Allocated capital	26,000		26,000	26,000	26,000	26,000	—		—	26,000		26,000	—

Selected Balance Sheet Data (period-end)
Loans:
Commercial and industrial	$	183,633	181,173	173,931	170,031	169,958	1		8
Commercial real estate	40,648		40,029	39,227	38,030	44,484	2		(9)
Lease financing and other	15,527		15,375	15,469	15,174	15,102	1		3
Total loans (1)	$	239,808	236,577	228,627	223,235	229,544	1		4

Total deposits (1)	198,805		189,802	190,004	176,954	179,848	5		11

(1)In third quarter 2025, we prospectively transferred approximately $8 billion of loans and approximately $6 billion of deposits related to certain business customers to Consumer, Small and Business Banking in the Consumer Banking and Lending operating segment.

-13-

Wells Fargo & Company and Subsidiaries

CORPORATE AND INVESTMENT BANKING SEGMENT


	Quarter ended							Jun 30, 2026 % Change from			Six months ended
($ in millions)	Jun 30, 2026			Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2026		Jun 30, 2025	Jun 30, 2026			Jun 30, 2025	% Change
Income Statement
Net interest income	$	2,273		2,184	2,082	1,870	1,815	4	%	25	$	4,457		3,605	24	%
Noninterest income:
Deposit-related fees	277			274	272	273	266	1		4	551			541	2
Lending-related fees	229			217	220	214	209	6		10	446			410	9
Investment banking fees	948			844	694	826	700	12		35	1,792			1,465	22
Net gains from trading activities	1,309			1,382	927	1,367	1,335	(5)		(2)	2,691			2,693	—
Other	389			377	421	329	348	3		12	766			1,023	(25)
Total noninterest income	3,152			3,094	2,534	3,009	2,858	2		10	6,246			6,132	2
Total revenue	5,425			5,278	4,616	4,879	4,673	3		16	10,703			9,737	10
Net charge-offs	(15)			224	182	96	75	NM		NM	209			172	22
Change in the allowance for credit losses	(166)			(49)	(104)	(203)	28	NM		NM	(215)			(69)	NM
Provision for credit losses	(181)			175	78	(107)	103	NM		NM	(6)			103	NM
Noninterest expense	2,497			2,692	2,347	2,362	2,251	(7)		11	5,189			4,727	10
Income before income tax expense	3,109			2,411	2,191	2,624	2,319	29		34	5,520			4,907	12
Income tax expense	780			602	552	658	582	30		34	1,382			1,229	12

Net income	$	2,329		1,809	1,639	1,966	1,737	29		34	$	4,138		3,678	13

Revenue by Line of Business
Banking:
Lending	$	724		700	656	647	601	3		20	$	1,424		1,219	17
Treasury Management and Payments	661			655	648	630	611	1		8	1,316			1,229	7
Investment Banking	628			602	457	554	463	4		36	1,230			997	23
Total Banking	2,013			1,957	1,761	1,831	1,675	3		20	3,970			3,445	15
Commercial Real Estate	1,197			1,146	1,236	1,186	1,212	4		(1)	2,343			2,661	(12)
Markets:
Fixed Income, Currencies, and Commodities (FICC)	1,536			1,583	1,164	1,355	1,391	(3)		10	3,119			2,773	12
Equities	635			543	453	450	387	17		64	1,178			835	41
Credit Adjustment (CVA/DVA/FVA) and Other	35			47	(15)	48	1	(26)		NM	82			(2)	NM
Total Markets	2,206			2,173	1,602	1,853	1,779	2		24	4,379			3,606	21
Other	9			2	17	9	7	350		29	11			25	(56)
Total revenue	$	5,425		5,278	4,616	4,879	4,673	3		16	$	10,703		9,737	10

Selected Metrics
Return on allocated capital	19.2		%	14.9	13.8	16.8	14.9				17.1		%	15.9
Efficiency ratio	46			51	51	48	48				48			49

NM – Not meaningful

-14-

Wells Fargo & Company and Subsidiaries

CORPORATE AND INVESTMENT BANKING SEGMENT (continued)


	Quarter ended						Jun 30, 2026 % Change from			Six months ended
($ in millions)	Jun 30, 2026		Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2026		Jun 30, 2025	Jun 30, 2026		Jun 30, 2025	% Change
Selected Balance Sheet Data (average)
Loans:
Commercial and industrial	$	278,389	262,181	233,429	214,774	202,473	6	%	37	$	270,330	197,590	37	%
Commercial real estate	80,984		80,134	79,437	81,121	83,413	1		(3)	80,561		84,020	(4)
Total loans	$	359,373	342,315	312,866	295,895	285,886	5		26	$	350,891	281,610	25

Loans by Line of Business:
Banking	$	124,981	117,741	100,961	92,787	88,994	6		40	$	121,381	87,768	38
Commercial Real Estate	123,146		119,452	116,584	117,115	117,917	3		4	121,309		117,619	3
Markets	111,246		105,122	95,321	85,993	78,975	6		41	108,201		76,223	42
Total loans	$	359,373	342,315	312,866	295,895	285,886	5		26	$	350,891	281,610	25
Trading-related assets:
Trading assets, excluding derivative assets	$	204,106	205,653	197,928	177,045	158,449	(1)		29	$	204,875	158,996	29
Derivative assets	26,518		22,375	22,392	22,682	23,404	19		13	24,458		21,556	13
Securities borrowed or purchased under resale agreements	170,853		169,870	144,040	115,868	101,894	1		68	170,364		99,546	71
Total trading-related assets	$	401,477	397,898	364,360	315,595	283,747	1		41	$	399,697	280,098	43
Total assets	825,944		801,973	735,281	679,877	641,499	3		29	814,025		626,352	30
Total deposits	234,762		214,345	214,520	204,056	202,420	10		16	224,610		203,163	11
Allocated capital (1)	46,500		46,500	44,000	44,000	44,000	—		6	46,500		44,000	6

Selected Balance Sheet Data (period-end)
Loans:
Commercial and industrial	$	275,653	272,820	253,004	224,462	208,161	1		32
Commercial real estate	80,099		80,331	80,505	79,518	82,417	—		(3)
Total loans	$	355,752	353,151	333,509	303,980	290,578	1		22

Loans by Line of Business:
Banking	$	120,812	124,115	111,260	95,215	90,999	(3)		33
Commercial Real Estate	123,316		119,402	118,516	116,314	117,233	3		5
Markets	111,624		109,634	103,733	92,451	82,346	2		36
Total loans	$	355,752	353,151	333,509	303,980	290,578	1		22
Trading-related assets:
Trading assets, excluding derivative assets	$	217,646	198,601	205,356	202,471	168,029	10		30
Derivative assets	25,759		23,221	22,474	22,574	24,700	11		4
Securities borrowed or purchased under resale agreements	201,312		166,833	170,661	130,196	100,268	21		101
Total trading-related assets	$	444,717	388,655	398,491	355,241	292,997	14		52
Total assets	862,472		805,350	787,751	715,683	658,029	7		31
Total deposits	250,097		214,501	224,146	211,051	208,048	17		20

(1)In first quarter 2026, we updated our assumptions and methodologies used to allocate capital as part of our periodic assessments.

-15-

Wells Fargo & Company and Subsidiaries

WEALTH AND INVESTMENT MANAGEMENT (WIM) SEGMENT


	Quarter ended							Jun 30, 2026 % Change from			Six months ended
($ in millions, unless otherwise noted)	Jun 30, 2026			Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2026		Jun 30, 2025	Jun 30, 2026			Jun 30, 2025	% Change
Income Statement
Net interest income	$	919		905	868	851	785	2	%	17	$	1,824		1,515	20	%
Noninterest income:
Investment advisory and other asset-based fees	2,506			2,503	2,492	2,353	2,208	—		13	5,009			4,442	13
Commissions and brokerage services fees	437			438	442	424	400	—		9	875			821	7
Other	30			29	19	46	45	3		(33)	59			64	(8)
Total noninterest income	2,973			2,970	2,953	2,823	2,653	—		12	5,943			5,327	12
Total revenue	3,892			3,875	3,821	3,674	3,438	—		13	7,767			6,842	14
Net charge-offs	(1)			(1)	—	(1)	6	—		NM	(2)			—	NM
Change in the allowance for credit losses	18			(9)	(9)	(13)	6	300		200	9			23	(61)
Provision for credit losses	17			(10)	(9)	(14)	12	270		42	7			23	(70)
Noninterest expense	3,160			3,262	3,074	3,013	2,865	(3)		10	6,422			5,811	11
Income before income tax expense	715			623	756	675	561	15		27	1,338			1,008	33
Income tax expense	178			155	191	169	141	15		26	333			239	39

Net income	$	537		468	565	506	420	15		28	$	1,005		769	31

Selected Metrics
Return on allocated capital	32.4		%	28.4	33.6	29.9	25.0				30.4		%	23.0
Efficiency ratio	81			84	80	82	83				83			85
Client assets ($ in billions, period-end):
Advisory assets	$	1,225		1,119	1,127	1,104	1,042	9		18
Other brokerage assets and deposits	1,466			1,364	1,382	1,369	1,304	7		12
Total Company-wide client assets (1)	$	2,691		2,483	2,509	2,473	2,346	8		15

Total WIM client assets	$	2,409		2,222	2,244	2,211	2,097	8		15

Selected Balance Sheet Data (average)
Total loans	$	91,143		88,386	84,949	82,330	81,271	3		12	$	89,772		81,101	11
Total deposits	109,788			112,098	105,542	99,764	99,458	(2)		10	110,937			100,770	10
Allocated capital	6,500			6,500	6,500	6,500	6,500	—		—	6,500			6,500	—

Selected Balance Sheet Data (period-end)
Total loans	$	93,804		89,537	87,106	83,786	81,327	5		15
Total deposits	110,599			113,659	117,478	103,957	97,318	(3)		14

NM – Not meaningful

(1)Includes amounts for clients of the Consumer Banking and Lending operating segment.

-16-

Wells Fargo & Company and Subsidiaries

CORPORATE (1)


	Quarter ended						Jun 30, 2026 % Change from			Six months ended
($ in millions)	Jun 30, 2026		Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2026		Jun 30, 2025	Jun 30, 2026		Jun 30, 2025	% Change
Income Statement
Net interest income	$	(589)	(460)	(199)	(273)	(103)	(28)	%	NM	$	(1,049)	(67)	NM
Noninterest income	1,002		228	388	449	662	339		51	1,230		449	174	%
Total revenue	413		(232)	189	176	559	278		(26)	181		382	(53)
Net charge-offs	7		5	(23)	10	—	40		NM	12		—	NM
Change in the allowance for credit losses	(5)		(3)	(22)	(14)	(12)	(67)		58	(8)		(17)	53
Provision for credit losses	2		2	(45)	(4)	(12)	—		117	4		(17)	124
Noninterest expense	306		179	624	650	565	71		(46)	485		1,022	(53)
Income (loss) before income tax benefit	105		(413)	(390)	(470)	6	125		NM	(308)		(623)	51
Income tax benefit	(206)		(466)	(246)	(173)	(348)	56		41	(672)		(963)	30
Less: Net income (loss) from noncontrolling interests	236		35	60	18	26	574		808	271		(66)	511
Net income (loss)	$	75	18	(204)	(315)	328	317		(77)	$	93	406	(77)

Selected Balance Sheet Data (average)
Available-for-sale debt securities	$	226,383	208,869	203,202	188,103	172,879	8		31	$	217,674	167,186	30
Held-to-maturity debt securities	197,708		202,212	206,595	214,409	220,364	(2)		(10)	199,948		223,521	(11)
Equity securities	17,316		17,487	16,062	16,450	15,493	(1)		12	17,401		15,446	13
Total assets	672,761		649,698	638,732	636,359	601,010	4		12	661,293		609,627	8
Total deposits	103,153		86,073	69,024	55,201	46,242	20		123	94,660		48,398	96

Selected Balance Sheet Data (period-end)
Available-for-sale debt securities	$	241,832	214,935	205,670	198,665	176,235	13		37
Held-to-maturity debt securities	195,315		200,842	204,811	211,069	218,360	(3)		(11)
Equity securities	17,430		17,091	16,451	16,273	15,907	2		10
Total assets	671,987		669,736	638,664	642,044	624,556	—		8
Total deposits	109,739		96,421	73,479	64,407	48,917	14		124

NM – Not meaningful

(1)All other business activities that are not included in the reportable operating segments have been included in Corporate. Corporate includes corporate treasury and enterprise functions, net of expense allocations, in support of the reportable operating segments (including funds transfer pricing, capital, and liquidity), as well as our investment portfolio and venture capital investments. Corporate also includes results for previously divested businesses.

-17-

Wells Fargo & Company and Subsidiaries

CONSOLIDATED LOANS OUTSTANDING – PERIOD-END BALANCES, AVERAGE BALANCES, AND AVERAGE INTEREST RATES


	Quarter ended							Jun 30, 2026 $ Change from
($ in millions)	Jun 30, 2026			Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2026	Jun 30, 2025
Period-End Loans
Commercial and industrial	$	487,630		481,915	452,068	417,904	402,150	5,715	85,480


Commercial real estate	132,986			132,213	132,284	130,250	132,560	773	426
Lease financing	15,683			15,512	15,543	15,311	15,060	171	623
Total commercial	636,299			629,640	599,895	563,465	549,770	6,659	86,529



Residential mortgage	240,774			240,839	242,190	243,910	245,755	(65)	(4,981)
Credit card	58,394			57,277	59,540	56,996	55,318	1,117	3,076
Auto	56,924			53,794	50,487	46,041	42,878	3,130	14,046
Other consumer (1)	38,724			35,237	34,055	32,690	30,697	3,487	8,027
Total consumer	394,816			387,147	386,272	379,637	374,648	7,669	20,168
Total loans	$	1,031,115		1,016,787	986,167	943,102	924,418	14,328	106,697

Average Loans
Commercial and industrial	$	487,527		463,064	427,616	405,753	393,602	24,463	93,925
Commercial real estate	133,701			132,134	130,507	131,623	133,661	1,567	40
Lease financing	15,408			15,462	15,243	14,986	16,046	(54)	(638)
Total commercial	636,636			610,660	573,366	552,362	543,309	25,976	93,327
Residential mortgage	240,656			241,078	242,848	244,562	246,512	(422)	(5,856)
Credit card	57,580			58,215	58,245	56,420	54,985	(635)	2,595
Auto	55,226			52,099	48,231	44,292	41,865	3,127	13,361
Other consumer	36,381			33,973	33,159	31,041	30,048	2,408	6,333
Total consumer	389,843			385,365	382,483	376,315	373,410	4,478	16,433
Total loans	$	1,026,479		996,025	955,849	928,677	916,719	30,454	109,760

Average Interest Rates
Commercial and industrial	5.65		%	5.68	5.94	6.26	6.29
Commercial real estate	5.56			5.62	5.94	6.15	6.17
Lease financing	5.88			5.81	5.86	5.85	5.72
Total commercial	5.64			5.67	5.93	6.23	6.24
Residential mortgage	3.74			3.72	3.72	3.72	3.70
Credit card	12.11			12.31	12.27	12.70	12.65
Auto	5.84			5.72	5.70	5.59	5.48
Other consumer	6.46			6.66	6.98	7.40	7.47
Total consumer	5.53			5.55	5.55	5.59	5.52
Total loans	5.60			5.62	5.78	5.97	5.95

(1)Includes $32.2 billion, $28.5 billion, $26.2 billion, $25.1 billion, and $23.1 billion at June 30, and March 31, 2026, and December 31, September 30, and June 30, 2025, respectively, of securities-based loans, including margin loans and securities-based credit lines, originated by the Wealth and Investment Management operating segment.

-18-

Wells Fargo & Company and Subsidiaries

NET LOAN CHARGE-OFFS


	Quarter ended
	Jun 30, 2026				Mar 31, 2026				Dec 31, 2025				Sep 30, 2025				Jun 30, 2025				Jun 30, 2026 $ Change from
($ in millions)	Net loan charge-offs		As a % of average loans (1)		Net loan charge-offs		As a % of average loans (1)		Net loan charge-offs		As a % of average loans (1)		Net loan charge-offs		As a % of average loans (1)		Net loan charge-offs		As a % of average loans (1)		Mar 31, 2026		Jun 30, 2025
By product:
Commercial and industrial	$	131	0.11	%	$	331	0.29	%	$	157	0.15	%	$	131	0.13	%	$	179	0.18	%	$	(200)	(48)


Commercial real estate	16		0.05		19		0.06		158		0.48		107		0.32		61		0.18		(3)		(45)
Lease financing	9		0.23		10		0.26		10		0.26		12		0.32		7		0.17		(1)		2
Total commercial	156		0.10		360		0.24		325		0.22		250		0.18		247		0.18		(204)		(91)


Residential mortgage	(14)		(0.02)		(14)		(0.02)		(13)		(0.02)		(22)		(0.04)		(3)		—		—		(11)
Credit card	600		4.18		605		4.21		583		3.97		571		4.02		622		4.54		(5)		(22)
Auto	54		0.39		63		0.49		60		0.49		50		0.45		30		0.29		(9)		24
Other consumer	80		0.88		86		1.03		91		1.09		93		1.19		101		1.35		(6)		(21)
Total consumer	720		0.74		740		0.78		721		0.75		692		0.73		750		0.81		(20)		(30)
Total net loan charge-offs	$	876	0.34	%	$	1,100	0.45	%	$	1,046	0.43	%	$	942	0.40	%	$	997	0.44	%	$	(224)	(121)
By segment:
Consumer Banking and Lending	$	799	0.95	%	$	820	0.99	%	$	775	0.93	%	$	766	0.93	%	$	818	1.04	%	$	(21)	(19)
Commercial Banking	92		0.16		57		0.10		90		0.16		83		0.15		98		0.17		35		(6)
Corporate and Investing Banking	(15)		(0.02)		224		0.27		181		0.23		94		0.13		75		0.11		(239)		(90)
Wealth and Investment Management	(1)		—		(1)		—		—		—		(1)		—		6		0.03		—		(7)
Corporate	1		0.40		—		—		—		—		—		—		—		—		1		1
Total net loan charge-offs	$	876	0.34	%	$	1,100	0.45	%	$	1,046	0.43	%	$	942	0.40	%	$	997	0.44	%	$	(224)	(121)

(1)Quarterly net loan charge-offs (recoveries) as a percentage of average loans are annualized.

-19-

Wells Fargo & Company and Subsidiaries

CHANGES IN ALLOWANCE FOR CREDIT LOSSES FOR LOANS


	Quarter ended							Jun 30, 2026 $ Change from
($ in millions)	Jun 30, 2026			Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2026	Jun 30, 2025


Balance, beginning of period	$	14,374		14,337	14,311	14,568	14,552	37	(178)
Provision for credit losses for loans	911			1,139	1,071	687	1,007	(228)	(96)
Net loan charge-offs:
Commercial and industrial	(131)			(331)	(157)	(131)	(179)	200	48


Commercial real estate	(16)			(19)	(158)	(107)	(61)	3	45
Lease financing	(9)			(10)	(10)	(12)	(7)	1	(2)
Total commercial	(156)			(360)	(325)	(250)	(247)	204	91


Residential mortgage	14			14	13	22	3	—	11
Credit card	(600)			(605)	(583)	(571)	(622)	5	22
Auto	(54)			(63)	(60)	(50)	(30)	9	(24)
Other consumer	(80)			(86)	(91)	(93)	(101)	6	21
Total consumer	(720)			(740)	(721)	(692)	(750)	20	30
Net loan charge-offs	(876)			(1,100)	(1,046)	(942)	(997)	224	121
Other	(2)			(2)	1	(2)	6	—	(8)
Balance, end of period	$	14,407		14,374	14,337	14,311	14,568	33	(161)
Components:
Allowance for loan losses	$	13,905		13,864	13,797	13,744	13,961	41	(56)
Allowance for unfunded credit commitments	502			510	540	567	607	(8)	(105)
Allowance for credit losses for loans	$	14,407		14,374	14,337	14,311	14,568	33	(161)
Ratio of allowance for loan losses to total net loan charge-offs (annualized)	3.96x			3.11	3.32	3.68	3.49
Allowance for loan losses as a percentage of:
Total loans	1.35		%	1.36	1.40	1.46	1.51
Nonaccrual loans	182			164	168	181	180
Allowance for credit losses for loans as a percentage of:
Total loans	1.40			1.41	1.45	1.52	1.58
Nonaccrual loans	188			170	175	188	188

-20-

Wells Fargo & Company and Subsidiaries

ALLOCATION OF ALLOWANCE FOR CREDIT LOSSES FOR LOANS


	Jun 30, 2026				Mar 31, 2026				Dec 31, 2025				Sep 30, 2025				Jun 30, 2025
($ in millions)	ACL		ACL as % of loan class		ACL		ACL as % of loan class		ACL		ACL as % of loan class		ACL		ACL as % of loan class		ACL		ACL as % of loan class
By product:
Commercial and industrial	$	4,834	0.99	%	$	4,840	1.00	%	$	4,510	1.00	%	$	4,376	1.05	%	$	4,306	1.07	%


Commercial real estate	2,349		1.77		2,478		1.87		2,737		2.07		2,965		2.28		3,317		2.50
Lease financing	212		1.35		211		1.36		210		1.35		211		1.38		212		1.41
Total commercial	7,395		1.16		7,529		1.20		7,457		1.24		7,552		1.34		7,835		1.43



Residential mortgage (1)	543		0.23		525		0.22		555		0.23		569		0.23		568		0.23
Credit card	4,974		8.52		4,902		8.56		4,956		8.32		4,907		8.61		4,910		8.88
Auto	948		1.67		878		1.63		817		1.62		717		1.56		657		1.53
Other consumer	547		1.41		540		1.53		552		1.62		566		1.73		598		1.95
Total consumer	7,012		1.78		6,845		1.77		6,880		1.78		6,759		1.78		6,733		1.80
Total allowance for credit losses for loans	$	14,407	1.40	%	$	14,374	1.41	%	$	14,337	1.45	%	$	14,311	1.52	%	$	14,568	1.58	%
By segment:
Consumer Banking and Lending	$	7,878	2.31	%	$	7,732	2.30	%	$	7,734	2.30	%	$	7,599	2.29	%	$	7,458	2.33	%
Commercial Banking	2,325		0.97		2,287		0.97		2,194		0.96		2,184		0.98		2,368		1.03
Corporate and Investing Banking	3,953		1.11		4,122		1.17		4,167		1.25		4,275		1.41		4,470		1.54
Wealth and Investment Management	250		0.27		232		0.26		241		0.28		251		0.30		264		0.32
Corporate	1		0.12		1		0.10		1		0.11		2		0.22		8		0.27
Total allowance for credit losses for loans	$	14,407	1.40	%	$	14,374	1.41	%	$	14,337	1.45	%	$	14,311	1.52	%	$	14,568	1.58	%

(1)Includes negative allowance for expected recoveries of amounts previously charged off.

-21-

Wells Fargo & Company and Subsidiaries

NONPERFORMING ASSETS (NONACCRUAL LOANS AND FORECLOSED ASSETS)


	Jun 30, 2026				Mar 31, 2026				Dec 31, 2025				Sep 30, 2025				Jun 30, 2025				Jun 30, 2026 $ Change from
($ in millions)	Balance		% of total loans		Balance		% of total loans		Balance		% of total loans		Balance		% of total loans		Balance		% of total loans		Mar 31, 2026		Jun 30, 2025
By product:
Nonaccrual loans:
Commercial and industrial	$	1,248	0.26	%	$	1,646	0.34	%	$	1,312	0.29	%	$	1,050	0.25	%	$	925	0.23	%	$	(398)	323


Commercial real estate	3,402		2.56		3,779		2.86		3,879		2.93		3,334		2.56		3,556		2.68		(377)		(154)
Lease financing	85		0.54		88		0.57		75		0.48		75		0.49		82		0.54		(3)		3
Total commercial	4,735		0.74		5,513		0.88		5,266		0.88		4,459		0.79		4,563		0.83		(778)		172



Residential mortgage (1)	2,811		1.17		2,860		1.19		2,838		1.17		3,057		1.25		3,090		1.26		(49)		(279)
Auto	72		0.13		70		0.13		70		0.14		71		0.15		76		0.18		2		(4)
Other consumer	25		0.06		26		0.07		27		0.08		27		0.08		28		0.09		(1)		(3)
Total consumer	2,908		0.74		2,956		0.76		2,935		0.76		3,155		0.83		3,194		0.85		(48)		(286)
Total nonaccrual loans	7,643		0.74		8,469		0.83		8,201		0.83		7,614		0.81		7,757		0.84		(826)		(114)



Foreclosed assets	301				299				302				218				207				2		94
Total nonperforming assets	$	7,944	0.77	%	$	8,768	0.86	%	$	8,503	0.86	%	$	7,832	0.83	%	$	7,964	0.86	%	$	(824)	(20)
By segment:
Consumer Banking and Lending	$	2,908	0.85	%	$	2,966	0.88	%	$	2,941	0.88	%	$	3,181	0.97	%	$	3,054	0.97	%	$	(58)	(146)
Commercial Banking	1,199		0.50		1,668		0.71		1,324		0.58		1,086		0.49		1,489		0.65		(469)		(290)
Corporate and Investing Banking	3,560		1.00		3,860		1.09		3,973		1.19		3,276		1.08		3,132		1.08		(300)		428
Wealth and Investment Management	277		0.30		274		0.31		265		0.29		289		0.33		289		0.34		3		(12)
Corporate	—		—		—		—		—		—		—		—		—		—		—		—
Total nonperforming assets	$	7,944	0.77	%	$	8,768	0.86	%	$	8,503	0.86	%	$	7,832	0.83	%	$	7,964	0.86	%	$	(824)	(20)

(1)Residential mortgage loans are not placed on nonaccrual status when they are insured or guaranteed by U.S. government agencies, such as the Federal Housing Administration or the Department of Veterans Affairs.

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Wells Fargo & Company and Subsidiaries

COMMERCIAL LOAN PORTFOLIO


	Jun 30, 2026			Mar 31, 2026			Jun 30, 2025
($ in millions)	Nonaccrual loans		Loans outstanding balance	Total commitments (1)	Nonaccrual loans	Loans outstanding balance		Total commitments (1)	Nonaccrual loans	Loans outstanding balance	Total commitments (1)
Commercial and industrial loans and lease financing by industry:
Financials except banks
Asset managers and funds (2)	$	2	73,530	127,199	—	74,425		128,374	1	53,944	103,077
Commercial finance (3)	90		62,377	99,766	94	61,799		97,676	13	53,573	91,401
Consumer finance (4)	117		31,945	47,353	124	33,849		48,991	1	22,552	37,321
Real estate finance (5)	19		40,986	44,598	19	37,945		42,277	11	27,023	30,824
Total financials except banks	228		208,838	318,916	237	208,018		317,318	26	157,092	262,623
Technology, telecom and media	256		28,014	74,926	283	25,534		73,068	47	22,868	60,177
Real estate and construction	84		31,772	65,977	82	29,201		62,130	84	27,507	57,979
Equipment, machinery and parts manufacturing	29		28,548	58,325	29	27,821		54,346	30	25,539	50,441
Retail	176		21,665	46,518	143	19,946		43,764	153	17,931	44,955
Materials and commodities	90		15,322	38,887	98	15,017		37,960	147	14,263	33,534
Food and beverage manufacturing	46		17,068	36,191	349	16,755		32,511	10	17,158	34,238
Oil, gas and pipelines	1		11,432	34,617	2	12,325		34,998	3	9,433	28,851
Health care and pharmaceuticals	22		13,364	33,624	23	12,974		31,781	72	14,115	31,083
Auto related	7		17,316	32,326	6	17,136		32,434	6	16,584	31,187
Commercial services	98		11,705	29,938	67	12,059		28,145	77	10,929	26,964
Utilities	17		8,653	29,580	17	8,946		28,618	1	7,441	26,077
Entertainment and recreation	89		13,505	21,777	130	13,810		21,566	29	12,785	19,111
Insurance and fiduciaries	1		4,941	20,585	1	3,455		16,729	1	4,463	16,490
Transportation services	65		8,863	17,963	146	8,745		17,135	150	8,321	15,664
Diversified or miscellaneous	50		8,594	17,327	56	13,138		30,989	74	10,266	26,435




Securities-based (6)	—		28,193	28,193	—	26,007		26,007	—	18,929	18,929
Other	74		25,520	44,298	65	26,540		45,346	97	21,586	40,180
Total commercial and industrial loans and lease financing	1,333		503,313	949,968	1,734	497,427		934,845	1,007	417,210	824,918
Commercial real estate loans by property type (7):
Apartments	337		36,456	42,146	396	36,605		41,787	378	38,910	43,085
Industrial/warehouse	22		29,130	36,127	39	27,469		32,203	46	23,485	25,736
Office	2,225		20,002	21,084	2,394	20,736		21,689	2,532	25,219	26,400
Hotel/motel	608		11,791	12,357	735	12,344		12,885	253	12,005	12,358
Retail (excluding shopping center)	45		10,037	10,833	40	10,287		11,696	104	11,175	12,056
Shopping center	2		9,755	10,600	3	9,477		10,267	60	7,980	8,414
Institutional	9		5,648	6,033	10	5,016		5,422	13	5,105	5,357



Other	154		10,167	11,823	162	10,279		12,112	170	8,681	10,594
Total commercial real estate loans	3,402		132,986	151,003	3,779	132,213		148,061	3,556	132,560	144,000
Total commercial loans	$	4,735	636,299	1,100,971	5,513	629,640		1,082,906	4,563	549,770	968,918

(1)Total commitments consist of loans outstanding plus unfunded credit commitments, excluding issued letters of credit and discretionary amounts where our approval or consent is required prior to any loan funding or commitment increase.

(2)Includes loans for subscription or capital calls and loans to securities firms.

(3)Includes asset-based lending and leasing, including loans to special purpose entities, loans to commercial leasing entities, and structured lending facilities to commercial loan managers.

(4)Includes originators or servicers of financial assets collateralized by consumer loans such as auto loans and leases, and credit cards.

(5)Includes originators or servicers of financial assets collateralized by commercial or residential real estate loans.

(6)In second quarter 2026, we reclassified prime brokerage and other margin loans to clients of the Corporate and Investment Banking operating segment from Other to Securities-based. We also reclassified securities-based loans to clients of the Wealth and Investment Management operating segment from various industry categories, including the Technology, telecom and media and Insurance and fiduciaries industry categories, to Securities-based. Securities-based loans are collateralized by securities in client accounts. Prior period balances have been revised to conform with the current period presentation.

(7)Our commercial real estate (CRE) loan portfolio is comprised of CRE mortgage and CRE construction loans.

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Wells Fargo & Company and Subsidiaries
TANGIBLE COMMON EQUITY

We also evaluate our business based on certain ratios that utilize tangible common equity. Tangible common equity is a non-GAAP financial measure and represents total equity less preferred equity, noncontrolling interests, goodwill, certain identifiable intangible assets (other than MSRs) and goodwill and other intangibles on venture capital investments in consolidated portfolio companies, net of applicable deferred taxes. The ratios are (i) tangible book value per common share, which represents tangible common equity divided by common shares outstanding; and (ii) return on average tangible common equity (ROTCE), which represents our annualized earnings as a percentage of tangible common equity. The methodology of determining tangible common equity may differ among companies. Management believes that tangible book value per common share and return on average tangible common equity, which utilize tangible common equity, are useful financial measures because they enable management, investors, and others to assess the Company’s use of equity.

The tables below provide a reconciliation of these non-GAAP financial measures to GAAP financial measures.


								Jun 30, 2026 % Change from
($ in millions)		Jun 30, 2026		Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2026		Jun 30, 2025
Tangible book value per common share:
Total equity		$	182,323	180,313	183,038	183,012	182,954	1	%	—
Adjustments:
Preferred stock		(15,348)		(15,348)	(16,608)	(16,608)	(16,608)	—		8
Additional paid-in capital on preferred stock		139		139	141	141	141	—		(1)

Noncontrolling interests		(2,133)		(1,916)	(1,920)	(1,858)	(1,843)	(11)		(16)
Total common stockholders' equity	(A)	164,981		163,188	164,651	164,687	164,644	1		—
Adjustments:
Goodwill		(24,963)		(24,965)	(24,967)	(25,069)	(25,071)	—		—
Certain identifiable intangible assets (other than MSRs)		(732)		(765)	(823)	(863)	(902)	4		19
Goodwill and other intangibles on venture capital investments in consolidated portfolio companies (included in other assets)		(648)		(705)	(705)	(698)	(674)	8		4
Applicable deferred taxes related to goodwill and other intangible assets (1)		1,065		1,064	1,063	1,062	1,060	—		—
Tangible common equity	(B)	$	139,703	137,817	139,219	139,119	139,057	1		—
Common shares outstanding	(C)	3,028.5		3,064.3	3,092.6	3,148.9	3,220.4	(1)		(6)
Book value per common share	(A)/(C)	$	54.48	53.25	53.24	52.30	51.13	2		7
Tangible book value per common share	(B)/(C)	46.13		44.98	45.02	44.18	43.18	3		7

(1)Determined by applying the combined federal statutory rate and composite state income tax rates to the difference between book and tax basis of the respective goodwill and intangible assets at period-end.

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Wells Fargo & Company and Subsidiaries
TANGIBLE COMMON EQUITY (continued)


		Quarter ended						Jun 30, 2026 % Change from		Six months ended
($ in millions)		Jun 30, 2026			Mar 31, 2026	Dec 31, 2025	Sep 30, 2025		Jun 30, 2025	Mar 31, 2026		Jun 30, 2025	Jun 30, 2026			Jun 30, 2025		% Change
Return on average tangible common equity:
Net income applicable to common stock	(A)	$	6,160		5,000	5,114	5,341		5,214	23	%	18	$	11,160		9,830		14	%
Average total equity		181,910			183,693	183,844	183,428		183,268	(1)		(1)	182,797			183,312		—
Adjustments:
Preferred stock		(15,348)			(16,333)	(16,608)	(16,608)		(18,278)	6		16	(15,838)			(18,442)		14
Additional paid-in capital on preferred stock		139			140	141	141		143	(1)		(3)	140			144		(3)

Noncontrolling interests		(1,972)			(1,915)	(1,879)	(1,850)		(1,818)	(3)		(8)	(1,944)			(1,856)		(5)
Average common stockholders’ equity	(B)	164,729			165,585	165,498	165,111		163,315	(1)		1	165,155			163,158		1
Adjustments:
Goodwill		(24,966)			(24,967)	(25,055)	(25,070)		(25,070)	—		—	(24,966)			(25,102)		1
Certain identifiable intangible assets (other than MSRs)		(748)			(788)	(847)	(889)		(863)	5		13	(768)			(468)		(64)
Goodwill and other intangibles on venture capital investments in consolidated portfolio companies (included in other assets)		(704)			(705)	(698)	(674)		(674)	—		(4)	(705)			(704)		—
Applicable deferred taxes related to goodwill and other intangible assets (1)		1,065			1,063	1,063	1,061		989	—		8	1,064			647		64
Average tangible common equity	(C)	$	139,376		140,188	139,961	139,539		137,697	(1)		1	$	139,780		137,531		2
Return on average common stockholders’ equity (ROE) (annualized)	(A)/(B)	15.0		%	12.2	12.3	12.8		12.8				13.6		%	12.2	%
Return on average tangible common equity (ROTCE) (annualized)	(A)/(C)	17.7			14.5	14.5	15.2		15.2				16.1			14.4

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Wells Fargo & Company and Subsidiaries

RISK-BASED CAPITAL RATIOS UNDER BASEL III (1)


		Estimated
($ in billions)		Jun 30, 2026			Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025
Total equity		$	182.3		180.3	183.0	183.0	183.0


Adjustments:
Preferred stock		(15.3)			(15.3)	(16.6)	(16.6)	(16.6)
Additional paid-in capital on preferred stock		0.1			0.1	0.1	0.2	0.1
Noncontrolling interests		(2.1)			(1.9)	(1.8)	(1.9)	(1.9)
Total common stockholders' equity		165.0			163.2	164.7	164.7	164.6
Adjustments:
Goodwill		(25.0)			(25.0)	(25.0)	(25.1)	(25.1)
Certain identifiable intangible assets (other than MSRs)		(0.7)			(0.8)	(0.8)	(0.9)	(0.9)
Goodwill and other intangibles on venture capital investments in consolidated portfolio companies (included in other assets)		(0.6)			(0.7)	(0.7)	(0.7)	(0.7)
Applicable deferred taxes related to goodwill and other intangible assets (2)		1.1			1.1	1.1	1.1	1.1
Other		(2.1)			(2.4)	(2.0)	(2.5)	(2.6)
Common Equity Tier 1 under the Standardized and Advanced Approaches	(A)	137.7			135.4	137.3	136.6	136.4
Preferred stock		15.3			15.3	16.6	16.6	16.6
Additional paid-in capital on preferred stock		(0.1)			(0.1)	(0.1)	(0.2)	(0.1)
Other		(0.2)			(0.2)	(0.2)	(0.2)	(0.2)
Total Tier 1 capital under the Standardized and Advanced Approaches	(B)	152.7			150.4	153.6	152.8	152.7

Long-term debt and other instruments qualifying as Tier 2		17.1			17.0	16.7	16.7	17.3
Qualifying allowance for credit losses (3)		14.8			14.8	14.7	14.6	14.6
Other		(0.4)			(0.4)	(0.3)	(0.4)	(0.4)
Total Tier 2 capital under the Standardized Approach	(C)	31.5			31.4	31.1	30.9	31.5
Total qualifying capital under the Standardized Approach	(B)+(C)	$	184.2		181.8	184.7	183.7	184.2

Long-term debt and other instruments qualifying as Tier 2		17.1			17.0	16.7	16.7	17.3
Qualifying allowance for credit losses (3)		4.8			4.7	4.6	4.4	4.3
Other		(0.4)			(0.4)	(0.3)	(0.4)	(0.4)
Total Tier 2 capital under the Advanced Approach	(D)	21.5			21.3	21.0	20.7	21.2
Total qualifying capital under the Advanced Approach	(B)+(D)	$	174.2		171.7	174.6	173.5	173.9

Total risk-weighted assets (RWAs) under the Standardized Approach	(E)	$	1,342.2		1,316.0	1,294.6	1,242.4	1,225.9
Total RWAs under the Advanced Approach	(F)	$	1,140.6		1,121.0	1,112.5	1,072.2	1,070.4

Ratios under the Standardized Approach:
Common Equity Tier 1	(A)/(E)	10.3		%	10.3	10.6	11.0	11.1
Tier 1 capital	(B)/(E)	11.4			11.4	11.9	12.3	12.5
Total capital	(B)+(C)/(E)	13.7			13.8	14.3	14.8	15.0

Ratios under the Advanced Approach:
Common Equity Tier 1	(A)/(F)	12.1		%	12.1	12.4	12.7	12.7
Tier 1 capital	(B)/(F)	13.4			13.4	13.8	14.3	14.3
Total capital	(B)+(D)/(F)	15.3			15.3	15.7	16.2	16.2

(1)The Basel III capital rules provide for two capital frameworks (the Standardized Approach and the Advanced Approach applicable to certain institutions), and we must calculate our CET1, Tier 1 capital and total capital ratios under both approaches.

(2)Determined by applying the combined federal statutory rate and composite state income tax rates to the difference between book and tax basis of the respective goodwill and intangible assets at period-end.

(3)Differences between the approaches are driven by the qualifying amounts of ACL includable in Tier 2 capital. Under the Advanced Approach, eligible credit reserves represented by the amount of qualifying ACL in excess of expected credit losses (using regulatory definitions) is limited to 0.60% of Advanced credit RWAs, whereas the Standardized Approach includes ACL in Tier 2 capital up to 1.25% of Standardized credit RWAs. Under both approaches, any excess ACL is deducted from the respective total RWAs.

-26-

Wells Fargo & Company and Subsidiaries

NET INTEREST INCOME EXCLUDING MARKETS

We also evaluate the Company’s net interest income excluding the net interest income of the Corporate and Investment Banking Markets (Markets) line of business. Markets net interest income includes interest income earned on the assets and interest expense paid on the liabilities of the line of business, as well as funding charges and credits using our funds transfer pricing methodology. Net interest income excluding Markets is a non-GAAP financial measure that management believes is useful because it enables management, investors, and others to assess the net interest income from the Company's lending, investing, and deposit-raising activities without the volatility that may be associated with Markets activities.

The table below provides a reconciliation of this non-GAAP financial measure to a GAAP financial measure.


	Quarter ended						Jun 30, 2026 % Change from			Six months ended
($ in millions)	Jun 30, 2026		Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2026		Jun 30, 2025	Jun 30, 2026		Jun 30, 2025	% Change
Net interest income	$	12,317	12,096	12,331	11,950	11,708	2	%	5	$	24,413	23,203	5	%
Markets net interest income	501		481	358	144	104	4		382	982		235	318
Net interest income excluding Markets	$	11,816	11,615	11,973	11,806	11,604	2		2	$	23,431	22,968	2

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