Wells Fargo & Company · NYSE:WFC
Wells Fargo & — Q1 2026 Earnings Presentation
31 slides from Wells Fargo &'s earnings presentation, Apr 14, 2026
Slide 1: 1Q26 Financial Results
1Q26 Financial Results April 14, 2026 © 2026 Wells Fargo Bank, N.A. All rights reserved.
Slide 2: Improved financial results driven by momentum across businesses
Improved financial results driven by momentum across businesses • Earnings per diluted share of $1.60, up 15% • Revenue up 6%, driven by a 5% increase in net interest income and an 8% increase in noninterest income Company • Loans and deposits up 11% and 7%, respectively Highlights • Headcount down
Slide 3: 1Q26 results
1Q26 results • Net Income of $5.3 billion, or $1.60 per diluted share included $135 million of discrete tax benefits, or $0.04 per share, related to the resolution of prior period matters • Revenue of $21.4 billion, up 6% Financial Results – Net interest income of $12.1 billion, up 5% – Noninterest
Slide 4: 1Q26 earnings
1Q26 earnings Quarter ended $ Change from $ in millions, except per share data 1Q26 4Q25 1Q25 4Q25 1Q25 Net interest income $12,096 12,331 11,495 ($235) 601 Noninterest income 9,350 8,961 8,654 389 696 Total revenue 21,446 21,292 20,149 154 1,297 Net charge-offs 1,106 1,030 1,009 76 97 Change in the
Slide 5: Net interest income
Net interest income Net Interest Income ($ in millions) • Net interest income (NII) of $12.1 billion, up $601 million, or 5%, from 1Q25 – NII excluding Markets2 of $11.6 billion, up $251 million, or 2%, driven by higher deposit balances and lower deposit costs, higher loan and 12,331 12,096 investme
Slide 6: Loans
Loans Average Loans Outstanding ($ in billions) Period-End Loans Outstanding ($ in billions) 996.0 1,016.8 928.7 955.8 986.2 908.2 916.7 913.8 924.4 943.1 385.4 387.2 376.3 382.5 386.3 375.0 373.4 Total Average 373.1 374.6 379.6 Loan Yield 5.96% 5.97% Consumer 5.95% 5.78% Consumer 5.62% Loans Loans
Slide 7: Financials except banks loans
Financials except banks loans Financials Except Banks Loans Outstanding ($ in billions) Portfolio Characteristics • Diversified collateral across commercial and consumer products, industries and $210.2 property types with structural protections such as triggers and/or covenants related to collateral
Slide 8: Financials except banks loans – Asset Managers and Funds
Financials except banks loans – Asset Managers and Funds Asset Managers and Funds Loans Outstanding ($ in billions) Asset Managers and Funds: Largely subscription or capital call facilities for alternative asset managers Fund Finance $76.2 • Predominantly subscription facilities, also known as capit
Slide 9: Financials except banks loans – Commercial Finance
Financials except banks loans – Commercial Finance Commercial Finance Loans Outstanding ($ in billions) Commercial Finance: Loans have structural protections, which may include collateral approval and re-margining rights, and credit oversight includes ongoing collateral monitoring. This category is
Slide 10: Financials ex. banks loans – Commercial Finance Corporate Debt Finance
Financials ex. banks loans – Commercial Finance Corporate Debt Finance Corporate Debt Finance Industry Exposures Based on Collateral 1 Corporate Debt Finance = $36.2 billion of loans • Structural protections: Business – Operating as agent on over 98% of the transactions for re-margining Other2 Servi
Slide 11: Deposits
Deposits Average Deposits ($ in billions) Period-End Deposits ($ in billions) 1,415.0 1,426.2 1,454.9 1,377.7 1,361.7 1,367.4 1,339.3 1,331.7 1,339.9 1,340.7 73.5 96.4 46.3 69.1 86.1 Corporate 47.6 64.4 50.5 55.1 48.9 Corporate 105.5 112.1 102.1 117.5 113.7 102.1 99.5 99.8 97.3 104.0 Wealth and Weal
Slide 12: Noninterest income
Noninterest income Noninterest Income ($ in millions) • Noninterest income up $696 million, or 8%, from 1Q25 – Investment advisory fees and brokerage commissions1 up $317 million, or 9,486 9,350 10%, driven by higher asset-based fees reflecting higher market 9,114 valuations, as well as higher retai
Slide 13: Noninterest expense
Noninterest expense Noninterest Expense ($ in millions) • Noninterest expense up $439 million, or 3%, from 1Q25 – Personnel expense up $119 million as higher revenue-related compensation expense primarily in WIM was partially offset by the impact of efficiency 14,330 initiatives 13,891 13,846 13,726
Slide 14: Credit quality
Credit quality Provision for Credit Losses1 and Net Loan Charge-offs ($ in millions) Allowance for Credit Losses for Loans ($ in millions) 1,135 1,100 14,552 14,568 14,311 14,337 14,374 1,009 1,005 997 1,040 1,046 942 6,622 6,733 6,759 6,880 6,845 932 681 1.59% 1.58% 1.52% 1.45% 1.41% 0.45% 0.44% 0.
Slide 15: Capital and liquidity
Capital and liquidity Common Equity Tier 1 Ratio under the Standardized Approach1 Capital Position • Common Equity Tier 1 (CET1) ratio1 of 10.3% at March 31, 2026 • CET1 ratio down 80 bps from 1Q25 and down 32 bps from 4Q25 11.1% 11.1% 11.0% 10.6% – Included a (17) bps decline due to growth in risk-
Slide 16: Consumer Banking and Lending (CBL)
Consumer Banking and Lending (CBL) Summary Financials1 • Total revenue up 7% YoY and down 1% from 4Q25 $ in millions 1Q26 vs. 4Q25 vs. 1Q25 – CSBB up 9% YoY driven by lower deposit pricing and higher deposit and Revenue by line of business: loan balances, including the impact of the 3Q25 transfer of
Slide 17: Commercial Banking (CB)
Commercial Banking (CB) Summary Financials In 3Q25, we prospectively transferred approximately $8 billion of loans and $ in millions 1Q26 vs. 4Q25 vs. 1Q25 approximately $6 billion of deposits related to certain business customers to Net interest income $1,988 ($5) 11 Consumer, Small and Business Ba
Slide 18: Corporate and Investment Banking (CIB)
Corporate and Investment Banking (CIB) Summary Financials • Total revenue up 4% YoY and up 14% from 4Q25 $ in millions 1Q26 vs. 4Q25 vs. 1Q25 Revenue by line of business: – Banking revenue up 11% YoY on growth in loans and deposits and higher investment banking revenue; up 11% from 4Q25 on higher in
Slide 19: Wealth and Investment Management (WIM)
Wealth and Investment Management (WIM) Summary Financials1 • Total revenue up 14% YoY and up 1% from 4Q25 $ in millions 1Q26 vs. 4Q25 vs. 1Q25 – Net interest income up 24% YoY and up 4% from 4Q25 driven by higher Net interest income $905 $37 175 deposit and loan balances Noninterest income 2,970 17
Slide 20: Corporate
Corporate Summary Financials • Revenue decreased YoY on lower net interest income due to the impact of $ in millions 1Q26 vs. 4Q25 vs. 1Q25 lower interest rates on crediting rates to our operating segments, and lower Net interest income ($460) ($261) (496) lease income related to the sale of our rai
Slide 21: Outlook
Outlook Expect 2026 net interest income (NII) to be +/- $50 billion, unchanged from prior guidance Net Interest • Expect NII excluding Markets1 to be +/- $48 billion Income • Expect Markets NII to be +/- $2 billion • Net interest income performance will ultimately be determined by a variety of facto
Slide 22: Endnotes
Endnotes Page 2 – Improved financial results driven by momentum across businesses 1. Source: Dealogic. 2. 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 o
Slide 23: Endnotes (continued)
Endnotes (continued) Page 9 – Financials except banks loans – Commercial Finance 1. As of 2/28/2026. 2. As of 12/31/2025. Page 10 – Financials ex. banks loans – Commercial Finance Corporate Debt Finance 1. As of 1/31/2026. 2. Other industry exposure represents 12 industries with exposures less than
Slide 24: Endnotes (continued)
Endnotes (continued) Page 16 – Consumer Banking and Lending (CBL) 1. In first quarter 2026, we moved the revenue, noninterest expense, loans, and deposits associated with clients who receive wealth management and financial planning services in our consumer bank branches from the Wealth and Investmen
Slide 25: Appendix
Appendix 1Q26 Financial Results 25
Slide 26: Reconciliation of call report to financials except banks loans
Reconciliation of call report to financials except banks loans • Bank regulators require reporting of non-depository financial institutions (NDFI) loans in the quarterly call report based on specific instructions and definitions with classifications generally driven by the customer's primary busines
Slide 27: Reconciliation of call report business credit intermediary loans to commercial finance loans
Reconciliation of call report business credit intermediary loans to commercial finance loans • In the call report, business credit intermediary loans is our biggest category of NDFI loans. A reconciliation of that portfolio to commercial finance loans within our financials except banks loans is prov
Slide 28: 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 29: 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 30: 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 Mar 31, Dec 31, Sep 30, Jun 30, Mar 31, ($ in billions) 2026 2025 2025 2025 2025 Total equity $180.3 183.0 183.0 183.0 182.9 Adjustments: Preferred stock (15.3) (16.6) (16
Slide 31: 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 March 31, 2026, and may differ materially from the results and disclosures
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