Wells Fargo & Company · NYSE:WFC
Wells Fargo & — Q3 2026 Earnings Presentation
23 slides from Wells Fargo &'s earnings presentation, Oct 13, 2026
Slide 1: 3Q26 Financial Results
3Q26 Financial Results October 13, 2026 © 2026 Wells Fargo Bank, N.A. All rights reserved.
Slide 2: Clear progress on path to improved financial results and returns
Clear progress on path to improved financial results and returns Noninterest Expense ($ in billions) and Earnings Per Share ($ per diluted share) Revenue ($ in billions) Headcount (# in '000s, period-end) $1.87 $1.66 (1)% $21.4 $21.9 (8)% $1.42 $20.4 $13.8 $13.7 15% 211 194 (4)% 17% 13% (2)% 5% 2% (
Slide 3: ...driven by growth across all our businesses
...driven by growth across all our businesses Consumer Banking and Lending Wealth and Investment Management Revenue • Consumer primary checking Revenue • Client assets up 11% +5% account YoY growth for +12% • Average loans up 16% largely 14 consecutive quarters driven by securities-based $10.7 • Add
Slide 4: 3Q26 results
3Q26 results • Net income of $6.0 billion, or $1.87 per diluted share • Revenue of $21.9 billion, up 2% – Net interest income of $12.5 billion, up 5% Financial Results – Noninterest income of $9.4 billion, down 1% • Noninterest expense of $13.7 billion, down 1% ROE: 13.8% ROTCE: 16.3%1 • Pre-tax pre
Slide 5: 3Q26 earnings
3Q26 earnings Quarter ended $ Change from $ in millions, except per share data 3Q26 2Q26 3Q25 2Q26 3Q25 Net interest income $12,517 12,317 11,950 $200 567 Noninterest income 9,353 10,305 9,486 (952) (133) Total revenue 21,870 22,622 21,436 (752) 434 Net charge-offs 983 883 954 100 29 Change in the a
Slide 6: Net interest income
Net interest income Net Interest Income ($ in millions) • Net interest income (NII) of $12.5 billion, up $567 million, or 5%, from 3Q25 – NII excluding Markets2 of $12.1 billion, up $283 million, or 2%, driven by higher loan and investment securities balances and fixed rate asset 12,331 12,317 12,51
Slide 7: Loans and deposits
Loans and deposits Average Loans Outstanding ($ in billions) Average Deposits ($ in billions) 1,465.6 1,482.9 1,026.5 1,033.4 1,415.0 996.0 1,339.9 1,377.7 103.1 102.1 928.7 955.8 86.1 Average Deposit Cost 55.1 69.1 108.7 112.1 109.8 99.8 105.5 Corporate 385.4 389.9 396.7 234.8 248.1 204.1 214.5 214
Slide 8: Noninterest income
Noninterest income Noninterest Income ($ in millions) • Noninterest income down $133 million, or 1%, from 3Q25 – Investment advisory fees and brokerage commissions1 up $405 million, 10,305 or 12%, driven by higher asset-based fees – Deposit and lending-related fees up $161 million, or 10%, driven by
Slide 9: Noninterest expense
Noninterest expense Noninterest Expense ($ in millions) • Noninterest expense down $103 million, or 1%, from 3Q25 – Personnel expense down $276 million as lower severance expense and the impact of efficiency initiatives including an 8% reduction in headcount were 13,846 14,330 partially offset by hi
Slide 10: Credit quality
Credit quality Provision for Credit Losses1 and Net Loan Charge-offs ($ in millions) Allowance for Credit Losses for Loans ($ in millions) 1,135 1,100 14,311 14,337 14,374 14,407 14,458 1,040 1,046 1,029 942 983 6,759 6,880 6,845 7,012 7,030 914 876 681 1.52% 1.45% 1.41% 1.40% 1.38% 0.43% 0.45% 0.40
Slide 11: Capital and liquidity
Capital and liquidity Common Equity Tier 1 Ratio under the Standardized Approach1 Capital Position • Common Equity Tier 1 (CET1) ratio1 of 10.0% at September 30, 2026 – A decrease in accumulated other comprehensive income driven by the 11.0% 10.6% impact of higher interest rates reduced the CET1 rat
Slide 12: Consumer Banking and Lending (CBL)
Consumer Banking and Lending (CBL) Summary Financials • Total revenue up 5% YoY and up 4% from 2Q26 $ in millions 3Q26 vs. 2Q26 vs. 3Q25 – CSBB up 7% YoY driven by higher deposit balances and wider deposit Revenue by line of business: spreads, as well as higher deposit-related fees, investment advis
Slide 13: Commercial Banking (CB)
Commercial Banking (CB) Summary Financials $ in millions 3Q26 vs. 2Q26 vs. 3Q25 • Total revenue up 6% YoY and up 4% from 2Q26 Net interest income $2,134 $87 185 – Net interest income up 9% YoY and up 4% from 2Q26 on higher deposit and Noninterest income 1,102 31 10 loan balances Total revenue 3,236
Slide 14: Corporate and Investment Banking (CIB)
Corporate and Investment Banking (CIB) Summary Financials • Total revenue up 3% YoY and down 8% from 2Q26 $ in millions 3Q26 vs. 2Q26 vs. 3Q25 – Banking revenue up 8% YoY driven by: Revenue by line of business: ◦ Higher Investment Banking revenue reflecting higher investment grade Banking: Debt Capi
Slide 15: Wealth and Investment Management (WIM)
Wealth and Investment Management (WIM) Summary Financials $ in millions 3Q26 vs. 2Q26 vs. 3Q25 • Total revenue up 12% YoY and up 5% from 2Q26 Net interest income $950 $31 99 – Net interest income up 12% YoY driven by higher deposit and loan Noninterest income 3,154 181 331 balances and lower deposit
Slide 16: Corporate
Corporate Summary Financials • Revenue decreased YoY on lower net interest income due to the impact of $ in millions 3Q26 vs. 2Q26 vs. 3Q25 lower interest rates on crediting rates to our operating segments and lower Net interest income ($725) ($136) (452) noninterest income reflecting lower revenue
Slide 17: Outlook
Outlook • Expect 2026 net interest income (NII) to be +/- $50 billion, unchanged from prior guidance • Expect 4Q26 net interest income to be ~$13 billion Net Interest Income Net interest income performance will ultimately be determined by a variety of factors, many of which are uncertain, including
Slide 18: Endnotes
Endnotes Page 2 – Clear progress on path to improved financial results and returns 1. Tangible common equity and return on average tangible common equity (ROTCE) are non-GAAP financial measures. For additional information, including a corresponding reconciliation to GAAP financial measures, see the
Slide 19: Endnotes (continued)
Endnotes (continued) Page 6 – Net interest income 1. Includes taxable-equivalent adjustments predominantly related to tax-exempt income on certain loans and securities. 2. Net interest income excluding Markets is a non-GAAP financial measure. For additional information, including a corresponding rec
Slide 20: Net Interest Income Excluding Markets
Net Interest Income Excluding Markets Wells Fargo & Company and Subsidiaries NET INTEREST INCOME EXCLUDING MARKETS We also evaluate the Company’s net interest income excluding the net interest income of the Corporate and Investment Banking Markets (Markets) line of business. Markets net interest inc
Slide 21: Tangible Common Equity
Tangible Common Equity Wells Fargo & Company and Subsidiaries TANGIBLE COMMON EQUITY We also evaluate our business based on certain ratios that utilize tangible common equity. Tangible common equity is a non-GAAP financial measure and represents total equity less preferred equity, noncontrolling int
Slide 22: Common Equity Tier 1 under Basel III
Common Equity Tier 1 under Basel III Wells Fargo & Company and Subsidiaries RISK-BASED CAPITAL RATIOS UNDER BASEL III1 Estimated Sep 30, Jun 30, Mar 31, Dec 31, Sep 30, ($ in billions) 2026 2026 2026 2025 2025 Total equity $177.9 182.3 180.3 183.0 183.0 Adjustments: Preferred stock (17.1) (15.3) (15
Slide 23: Disclaimer and forward-looking statements
Disclaimer and forward-looking statements 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 September 30, 2026, and may differ materially from the results and disclosu
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