Wells Fargo & Company · NYSE:WFC
Wells Fargo & — Q2 2026 Earnings Presentation
23 slides from Wells Fargo &'s earnings presentation, Jul 14, 2026
Slide 1: 2Q26 Financial Results
2Q26 Financial Results July 14, 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) 2% $22.6 $2.00 $20.7 $20.8 (7)% $13.4 $13.7 $1.60 9% 19% 213 $1.33 25% 197 20% (1)% 6% 1% 1% 2Q
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 15% account YoY growth for 13 +6% +13% • Average loans up 12% largely consecutive quarters $10.3 driven by securities-based • New
Slide 4: 2Q26 results
2Q26 results • Net income of $6.4 billion, or $2.00 per diluted share included $132 million of discrete tax benefits, or $0.04 per share, related to the resolution of prior period matters • Revenue of $22.6 billion, up 9% Financial Results – Net interest income of $12.3 billion, up 5% – Noninterest
Slide 5: 2Q26 earnings
2Q26 earnings Quarter ended $ Change from $ in millions, except per share data 2Q26 1Q26 2Q25 1Q26 2Q25 Net interest income $12,317 12,096 11,708 $221 609 Noninterest income 10,305 9,350 9,114 955 1,191 Total revenue 22,622 21,446 20,822 1,176 1,800 Net charge-offs 883 1,106 997 (223) (114) Change i
Slide 6: Net interest income
Net interest income Net Interest Income ($ in millions) • Net interest income (NII) of $12.3 billion, up $609 million, or 5%, from 2Q25 – NII excluding Markets2 of $11.8 billion, up $212 million, or 2%, driven by lower deposit costs, higher loan and investment securities balances, and 12,331 12,096
Slide 7: Loans and deposits
Loans and deposits Average Loans Outstanding ($ in billions) Average Deposits ($ in billions) 1,465.6 996.0 1,026.5 1,377.7 1,415.0 955.8 1,331.7 1,339.9 86.1 103.1 Average Deposit Cost 916.7 928.7 55.1 69.1 46.3 109.8 99.5 99.8 105.5 112.1 Corporate 385.4 389.9 214.3 234.8 382.5 202.4 204.1 214.5 W
Slide 8: Noninterest income
Noninterest income Noninterest Income ($ in millions) • Noninterest income up $1.2 billion, or 13%, from 2Q25 – Investment advisory fees and brokerage commissions1 up $399 million, or 10,305 13%, driven by higher asset-based fees reflecting higher market valuations, as well as higher retail brokerag
Slide 9: Noninterest expense
Noninterest expense Noninterest Expense ($ in millions) • Noninterest expense up $282 million, or 2%, from 2Q25 2% – Personnel expense up $142 million on higher revenue-related and incentive compensation expense, partially offset by the impact of efficiency initiatives 13,846 14,330 including a 7% r
Slide 10: Credit quality
Credit quality Provision for Credit Losses1 and Net Loan Charge-offs ($ in millions) Allowance for Credit Losses for Loans ($ in millions) 1,135 1,100 14,568 14,311 14,337 14,374 14,407 1,005 997 1,040 1,046 942 6,733 6,759 6,880 6,845 7,012 914 876 681 1.58% 1.52% 1.45% 1.41% 1.40% 0.44% 0.43% 0.45
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 10.3% at June 30, 2026 11.1% 11.0% 10.6% Capital Return 10.3% 10.3% • $3.0 billion in gross common stock repurchases, or 37.4 million shares, in 8.5% 2Q26; perio
Slide 12: Consumer Banking and Lending (CBL)
Consumer Banking and Lending (CBL) Summary Financials • Total revenue up 6% YoY and up 3% from 1Q26 $ in millions 2Q26 vs. 1Q26 vs. 2Q25 – CSBB up 8% YoY driven by higher deposit and loan balances, wider Revenue by line of business: deposit spreads, and higher deposit-related fees, debit card fees a
Slide 13: Commercial Banking (CB)
Commercial Banking (CB) Summary Financials In 3Q25, we prospectively transferred approximately $8 billion of loans and $ in millions 2Q26 vs. 1Q26 vs. 2Q25 approximately $6 billion of deposits related to certain business customers to Net interest income $2,047 $59 64 Consumer, Small and Business Ban
Slide 14: Corporate and Investment Banking (CIB)
Corporate and Investment Banking (CIB) Summary Financials • Total revenue up 16% YoY and up 3% from 1Q26 $ in millions 2Q26 vs. 1Q26 vs. 2Q25 – Banking revenue up 20% YoY on higher investment banking fees driven by Revenue by line of business: Equity and Debt Capital Markets, as well as higher loan
Slide 15: Wealth and Investment Management (WIM)
Wealth and Investment Management (WIM) Summary Financials $ in millions 2Q26 vs. 1Q26 vs. 2Q25 • Total revenue up 13% YoY and up modestly from 1Q26 Net interest income $919 $14 134 – Net interest income up 17% YoY driven by lower deposit pricing and higher Noninterest income 2,973 3 320 deposit and
Slide 16: Corporate
Corporate Summary Financials $ in millions 2Q26 vs. 1Q26 vs. 2Q25 • Revenue decreased YoY on lower net interest income due to the impact of Net interest income ($589) ($129) (486) lower interest rates on crediting rates to our operating segments, a decrease Noninterest income 1,002 774 340 in other
Slide 17: 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 +/- $2 billion • Net interest income performance will ultimately be determined by a variety of facto
Slide 18: Endnotes
Endnotes Page 2 – Clear progress on path to improved financial results and returns 1. Tangible common equity and return on average tangible common equity (ROTCE) are non-GAAP financial measures. For additional information, including a corresponding reconciliation to GAAP financial measures, see the
Slide 19: Endnotes (continued)
Endnotes (continued) Page 6 – Net interest income 1. Includes taxable-equivalent adjustments predominantly related to tax-exempt income on certain loans and securities. 2. Net interest income excluding Markets is a non-GAAP financial measure. For additional information, including a corresponding rec
Slide 20: Net Interest Income Excluding Markets
Net Interest Income Excluding Markets Wells Fargo & Company and Subsidiaries NET INTEREST INCOME EXCLUDING MARKETS We also evaluate the Company’s net interest income excluding the net interest income of the Corporate and Investment Banking Markets (Markets) line of business. Markets net interest inc
Slide 21: Tangible Common Equity
Tangible Common Equity Wells Fargo & Company and Subsidiaries TANGIBLE COMMON EQUITY We also evaluate our business based on certain ratios that utilize tangible common equity. Tangible common equity is a non-GAAP financial measure and represents total equity less preferred equity, noncontrolling int
Slide 22: Common Equity Tier 1 under Basel III
Common Equity Tier 1 under Basel III Wells Fargo & Company and Subsidiaries RISK-BASED CAPITAL RATIOS UNDER BASEL III1 Estimated Jun 30, Mar 31, Dec 31, Sep 30, Jun 30, ($ in billions) 2026 2026 2025 2025 2025 Total equity $182.3 180.3 183.0 183.0 183.0 Adjustments: Preferred stock (15.3) (15.3) (16
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 June 30, 2026, and may differ materially from the results and disclosures i
Wells Fargo & Company — Q2 2026 Earnings Presentation on 6ix