WFC 0000072971-26-000318 8-K as filed: Oct 13, 2026

Exhibit 99.1


			News Release \| October 13, 2026 Wells Fargo Reports Third Quarter 2026 Net Income of $6.0 billion, or $1.87 per Diluted Share


Company-wide Financial Summary

		Quarter ended
		Sep 30, 2026			Sep 30, 2025
Selected Income Statement Data ($ in millions except per share amounts)
	Total revenue	$	21,870		21,436
	Noninterest expense	13,743			13,846
	Provision for credit losses1	1,029			681
	Net income	5,951			5,589
	Diluted earnings per common share	1.87			1.66
Selected Balance Sheet Data ($ in billions)
	Average loans	$	1,033.4		928.7
	Average deposits	1,482.9			1,339.9
	CET12	10.0		%	11.0
Performance Metrics
	ROE3	13.8		%	12.8
	ROTCE4	16.3			15.2


Operating Segments and Other Highlights

	Quarter ended		Sep 30, 2026 % Change from
($ in billions)	Sep 30, 2026			Jun 30, 2026		Sep 30, 2025
Average loans
Consumer Banking and Lending	$	342.1		1	%	4
Commercial Banking	240.5			1		10
Corporate and Investment Banking	353.4			(2)		19
Wealth and Investment Management	95.4			5		16
Average deposits
Consumer Banking and Lending	825.1			—		2
Commercial Banking	198.9			5		16
Corporate and Investment Banking	248.1			6		22
Wealth and Investment Management	108.7			(1)		9

Capital

◦Repurchased 28.6 million shares, or $2.5 billion, of common stock in third quarter 2026


Chairman and Chief Executive Officer Charlie Scharf commented, “Our third quarter results reflect broad-based growth, higher earnings, and stronger returns. Diluted earnings per share increased to $1.87 in the third quarter, up 13% from a year ago. Our ROTCE4 increased from 14.7% during the first nine months of 2025 to 16.2% during the same period this year and 16.3% in the third quarter. Both average loans and average deposits increased 11% from a year ago.” “Wealth and Investment Management revenue grew 12% versus a year ago, Commercial Banking grew 6%, Consumer Banking and Lending grew 5%, and Corporate and Investment Banking revenue increased 3%. These increases were partially offset by lower revenue from our venture capital investments and lower lease income following the sale of our rail car leasing business in the first quarter,” Scharf added. “Key growth metrics across our businesses showed continued strength. In the quarter we had continued growth in consumer primary checking accounts, opened more than 660,000 new credit card accounts, and auto originations increased 15% from a year ago. Wealth and Investment Management client assets grew 11%, investment banking and markets fees from Commercial Banking clients grew 25%, and within Corporate and Investment Banking, overall Banking revenue increased 8%, including M&A revenue increasing 30% and both equity capital markets and investment grade underwriting fees increasing 33%. While Markets revenue was relatively stable from a year ago, equities revenue grew 21%,” Scharf continued. “Expenses declined from a year ago even though revenue-related expenses increased 15%. Expense savings have funded much of the investments that are making the company stronger, improving our capabilities, and positioning us for continued future growth,” Scharf continued. “While economic uncertainty exists and consumer sentiment remains mixed, our data shows that our consumer and business customers are doing well. Consumers are spending more, loan delinquencies are low, and deposit and investment balances have grown. Businesses continue to have strong balance sheets and losses remain low. While higher interest rates, higher oil prices and persistent inflation create risks to the economy, strong positive forces such as the investment in AI infrastructure, high employment levels and consistent wage growth continue to outweigh the risks,” Scharf added. “I’m proud of the Wells Fargo team and we will continue to remain vigilant about risk as we build for the long term,” Scharf concluded.


Endnotes are presented on page 9.

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 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.

Selected Company-wide Financial Information


		Quarter ended					Sep 30, 2026 % Change from
		Sep 30, 2026			Jun 30, 2026	Sep 30, 2025	Jun 30, 2026		Sep 30, 2025
Earnings ($ in millions except per share amounts)
	Net interest income	$	12,517		12,317	11,950	2	%	5
	Noninterest income	9,353			10,305	9,486	(9)		(1)
	Total revenue	21,870			22,622	21,436	(3)		2
	Net charge-offs	983			883	954	11		3
	Change in the allowance for credit losses	46			31	(273)	48		117
	Provision for credit losses1	1,029			914	681	13		51
	Noninterest expense	13,743			13,661	13,846	1		(1)
	Income tax expense	1,161			1,402	1,300	(17)		(11)

	Wells Fargo net income	$	5,951		6,407	5,589	(7)		6
	Diluted earnings per common share	1.87			2.00	1.66	(6)		13

Balance Sheet Data (average) ($ in billions)
	Loans	$	1,033.4		1,026.5	928.7	1		11
	Deposits	1,482.9			1,465.6	1,339.9	1		11
	Assets	2,243.5			2,227.9	2,010.2	1		12

Financial Ratios
	Return on assets (ROA)	1.05		%	1.15	1.10
	Return on equity (ROE)	13.8			15.0	12.8
	Return on average tangible common equity (ROTCE)2	16.3			17.7	15.2
	Efficiency ratio3	63			60	65
	Net interest margin on a taxable-equivalent basis	2.43			2.43	2.61

Third Quarter 2026 vs. Third Quarter 2025

◦Net interest income increased 5%, driven by higher loan and investment securities balances, the impact of lower interest rates and balance sheet growth in our Markets business, and fixed rate asset repricing, partially offset by the impact of lower interest rates on floating rate assets, higher deposit costs reflecting growth in interest-bearing commercial deposits, and a modest decline in noninterest-bearing deposits

◦Noninterest income decreased 1%, as higher investment advisory fees, deposit-related fees, investment banking fees, and card fees, were more than offset by lower trading gains, lower lease income related to the first quarter 2026 sale of our rail car leasing business, lower equity gains reflecting lower results from our venture capital investments, as well as lower mortgage banking income

◦Noninterest expense decreased 1%, driven by the impact of efficiency initiatives, including an 8% reduction in headcount, lower severance expense, and lower lease expense, partially offset by higher revenue-related compensation expense reflecting improved performance and an increase in technology and equipment expense. Third quarter 2025 included $296 million of severance expense

◦Provision for credit losses in third quarter 2026 included an increase in the allowance for credit losses, reflecting a higher allowance for commercial and industrial loans and auto loans driven by higher loan balances, partially offset by a lower allowance for commercial real estate loans

◦Income tax expense in third quarter 2026 included $170 million of discrete tax benefits related to the resolution of prior period matters


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Selected Company-wide Capital and Liquidity Information


					Quarter ended
($ in billions)		Sep 30, 2026			Jun 30, 2026	Sep 30, 2025
Capital:
	Total equity	$	177.9		182.3	183.0
	Common stockholders’ equity	158.8			165.0	164.7
	Tangible common equity1	133.4			139.7	139.1
	Common Equity Tier 1 (CET1) ratio2	10.0		%	10.3	11.0
	Total loss absorbing capacity (TLAC) ratio3	23.0			22.8	24.6
	Supplementary Leverage Ratio (SLR)4	5.7			5.8	6.4

Liquidity:
	Liquidity Coverage Ratio (LCR)5	122		%	119	121

Selected Company-wide Loan Credit Information


					Quarter ended
($ in millions)		Sep 30, 2026			Jun 30, 2026	Sep 30, 2025

Net loan charge-offs		$	983		876	942
	Net loan charge-offs as a % of average total loans (annualized)	0.38		%	0.34	0.40

Total nonaccrual loans		$	7,060		7,643	7,614
	As a % of total loans	0.67		%	0.74	0.81
Total nonperforming assets		$	7,359		7,944	7,832
	As a % of total loans	0.70		%	0.77	0.83

Allowance for credit losses for loans		$	14,458		14,407	14,311
	As a % of total loans	1.38		%	1.40	1.52

Third Quarter 2026 vs. Second Quarter 2026

◦Commercial net loan charge-offs as a percentage of average loans were 0.18% (annualized), up from 0.10%, driven by higher commercial real estate and commercial and industrial net loan charge-offs. The consumer net loan charge-off rate decreased to 0.70% (annualized), reflecting solid performance across all consumer portfolios

◦Nonperforming assets were down $585 million, driven by lower commercial real estate nonaccrual loans. Nonperforming assets as a percentage of total loans were 0.70%, down from 0.77%


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Operating Segment Performance

Consumer Banking and Lending offers diversified financial products and services for consumers and small businesses. These financial products and services include checking and savings accounts, credit and debit cards, as well as home, auto, personal, and small business lending. We also provide personalized wealth management and financial planning services through our branch channel.

Selected Financial Information


		Quarter ended				Sep 30, 2026 % Change from
		Sep 30, 2026		Jun 30, 2026	Sep 30, 2025	Jun 30, 2026		Sep 30, 2025
Earnings (in millions)
	Consumer, Small and Business Banking	$	7,579	7,308	7,089	4	%	7

	Credit Card	1,710		1,614	1,663	6		3
	Home Lending	743		762	870	(2)		(15)
	Auto	341		320	256	7		33
	Personal Lending	283		284	294	—		(4)

	Total revenue	10,656		10,288	10,172	4		5
	Provision for credit losses	791		945	767	(16)		3
	Noninterest expense	6,188		6,286	6,376	(2)		(3)

	Net income	$	2,755	2,290	2,270	20		21

Average balances (in billions)
	Loans	$	342.1	337.8	329.1	1		4
	Deposits	825.1		828.4	808.9	—		2

Third Quarter 2026 vs. Third Quarter 2025

◦Revenue increased 5%

▪Consumer, Small and Business Banking was up 7% driven by higher deposit balances, wider deposit spreads, as well as higher deposit-related fees, investment advisory fees, and debit card fees on higher volume

▪Credit Card was up 3% reflecting higher net interest income on higher loan balances and higher card fees

▪Home Lending was down 15% due to lower mortgage servicing income and lower net interest income on lower loan balances

▪Auto was up 33% due to higher loan balances and wider loan spreads

◦Noninterest expense decreased 3% driven by lower operating costs and operating losses, as well as the impact of efficiency initiatives, partially offset by higher revenue-related compensation expense and higher occupancy expense


			4

Commercial Banking provides financial solutions to private, family owned and certain public companies. Products and services include banking and credit products across multiple industry sectors and municipalities, secured lending and lease products, and treasury management.

Selected Financial Information


		Quarter ended				Sep 30, 2026 % Change from
		Sep 30, 2026		Jun 30, 2026	Sep 30, 2025	Jun 30, 2026		Sep 30, 2025
Earnings (in millions)
	Net interest income	$	2,134	2,047	1,949	4	%	9
	Noninterest income	1,102		1,071	1,092	3		1
	Total revenue	3,236		3,118	3,041	4		6
	Provision for credit losses	240		131	39	83		515
	Noninterest expense	1,400		1,412	1,445	(1)		(3)

	Net income	$	1,195	1,176	1,162	2		3

Average balances (in billions)
	Loans	$	240.5	237.1	219.4	1		10
	Deposits	198.9		189.5	172.0	5		16

Third Quarter 2026 vs. Third Quarter 2025

◦Revenue increased 6%

▪Net interest income was up 9% due to higher deposit and loan balances

▪Noninterest income was up 1% driven by higher deposit-related fees and higher investment banking and markets fees, partially offset by lower revenue from equity investments

◦Noninterest expense decreased 3% due to lower operating losses and the impact of efficiency initiatives

◦Provision for credit losses increased $201 million largely reflecting an increase in the allowance for loan losses due to loan growth


			5

Corporate and Investment Banking delivers a suite of capital markets, banking, and financial products and services to corporate, commercial real estate, government and institutional clients globally. Products and services include corporate banking, investment banking, treasury management, commercial real estate lending and capital markets, equity and fixed income solutions, as well as sales, trading, and research capabilities.

Selected Financial Information


			Quarter ended				Sep 30, 2026 % Change from
			Sep 30, 2026		Jun 30, 2026	Sep 30, 2025	Jun 30, 2026		Sep 30, 2025
Earnings (in millions)
	Banking:
		Lending	$	692	724	647	(4)	%	7
		Treasury Management and Payments	683		661	630	3		8
		Investment Banking	611		628	554	(3)		10
	Total Banking		1,986		2,013	1,831	(1)		8
	Commercial Real Estate		1,171		1,197	1,186	(2)		(1)
	Markets:
		Fixed Income, Currencies, and Commodities (FICC)	1,262		1,536	1,355	(18)		(7)
		Equities	543		635	450	(14)		21
		Credit Adjustment (CVA/DVA/FVA) and Other	30		35	48	(14)		(38)
	Total Markets		1,835		2,206	1,853	(17)		(1)
	Other		16		9	9	78		78
	Total revenue		5,008		5,425	4,879	(8)		3
	Provision for credit losses		(18)		(181)	(107)	90		83
	Noninterest expense		2,454		2,497	2,362	(2)		4

	Net income		$	1,924	2,329	1,966	(17)		(2)

Average balances (in billions)
	Loans		$	353.4	359.4	295.9	(2)		19
	Deposits		248.1		234.8	204.1	6		22

Third Quarter 2026 vs. Third Quarter 2025

◦Revenue increased 3%

▪Banking was up 8% and included higher investment banking revenue driven by higher investment grade Debt Capital Markets, Equity Capital Markets, and M&A advisory fees, partially offset by lower leveraged finance revenue. Growth also reflected increased Treasury Management and Payments revenue on higher deposit balances, as well as higher loan balances

▪Commercial Real Estate was down 1% driven by interest rate impacts, partially offset by higher capital markets fees and higher loan balances

▪Markets was down 1% as stronger performance in equities was more than offset by lower performance across most FICC products

◦Noninterest expense increased 4% driven by higher personnel expense and professional and outside services expense, partially offset by the impact of efficiency initiatives


			6

Wealth and Investment Management provides personalized wealth management, brokerage, financial planning, lending, trust and fiduciary products and services to affluent, high-net worth and ultra-high-net worth clients. We operate through financial advisors in our brokerage and wealth offices, independent offices, and digitally through WellsTrade® and Intuitive Investor®.

Selected Financial Information


		Quarter ended				Sep 30, 2026 % Change from
		Sep 30, 2026		Jun 30, 2026	Sep 30, 2025	Jun 30, 2026		Sep 30, 2025
Earnings (in millions)
	Net interest income	$	950	919	851	3	%	12
	Noninterest income	3,154		2,973	2,823	6		12
	Total revenue	4,104		3,892	3,674	5		12
	Provision for credit losses	16		17	(14)	(6)		214
	Noninterest expense	3,286		3,160	3,013	4		9

	Net income	$	603	537	506	12		19

Total Company-wide client assets (in billions)		2,739		2,691	2,473	2		11

Average balances (in billions)
	Loans	$	95.4	91.1	82.3	5		16
	Deposits	108.7		109.8	99.8	(1)		9

Third Quarter 2026 vs. Third Quarter 2025

◦Revenue increased 12%

▪Net interest income was up 12% driven by higher deposit and loan balances, as well as lower deposit costs

▪Noninterest income was up 12% on higher investment advisory fees driven by an increase in market valuations

◦Noninterest expense increased 9% due to higher revenue-related compensation expense, partially offset by the impact of efficiency initiatives


			7

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.

Selected Financial Information


		Quarter ended				Sep 30, 2026 % Change from
		Sep 30, 2026		Jun 30, 2026	Sep 30, 2025	Jun 30, 2026		Sep 30, 2025
Earnings (in millions)
	Net interest income	$	(725)	(589)	(273)	(23)	%	NM
	Noninterest income	115		1,002	449	(89)		(74)
	Total revenue	(610)		413	176	NM		NM
	Provision for credit losses	—		2	(4)	(100)		100
	Noninterest expense	415		306	650	36		(36)

	Net income (loss)	$	(526)	75	(315)	NM		(67)

NM – Not meaningful

Third Quarter 2026 vs. Third Quarter 2025

◦Revenue decreased driven by lower net interest income due to the impact of lower interest rates on crediting rates to our operating segments, lower results from our venture capital investments, and lower lease income related to the sale of our rail car leasing business.

◦Noninterest expense decreased due to lower severance expense and lower lease expense related to the sale of our rail car leasing business


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Endnotes

Page 1 – Company-wide Financial Summary / Operating Segments and Other Highlights

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

2.Represents our Common Equity Tier 1 (CET1) ratio calculated under the Standardized Approach, which is our binding CET1 framework. See the table on page 26 of the 3Q26 Quarterly Supplement for more information on CET1. CET1 for September 30, 2026, is a preliminary estimate.

3.Return on equity (ROE) represents Wells Fargo net income applicable to common stock divided by average common stockholders’ equity.

4.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 “Tangible Common Equity” tables on pages 24-25 of the 3Q26 Quarterly Supplement.

Page 2 – Selected Company-wide Financial Information

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

2.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 “Tangible Common Equity” tables on pages 24-25 of the 3Q26 Quarterly Supplement.

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

Page 3 – Selected Company-wide Capital and Liquidity Information

1.Tangible common equity is a non-GAAP financial measure. For additional information, including a corresponding reconciliation to GAAP financial measures, see the “Tangible Common Equity” tables on pages 24-25 of the 3Q26 Quarterly Supplement.

2.Represents our CET1 ratio calculated under the Standardized Approach, which is our binding CET1 framework. See the table on page 26 of the 3Q26 Quarterly Supplement for more information on CET1. CET1 for September 30, 2026, is a preliminary estimate.

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. TLAC for September 30, 2026, is a preliminary estimate.

4.SLR for September 30, 2026, is a preliminary estimate.

5.Represents average high-quality liquid assets divided by average projected net cash outflows, as each is defined under the LCR rule. LCR for September 30, 2026, is a preliminary estimate.

Conference Call

The Company will host a live conference call on Tuesday, October 13, at 10:00 a.m. ET. You may listen to the call by dialing 1-888-673-9782 (U.S. and Canada) or 312-470-7126 (International/U.S. Toll) and enter passcode: 8320644#. The call will also be available online on our Investor Relations webpage and through this earnings webcast link.

A replay of the conference call will be available from approximately 1:00 p.m. ET on Tuesday, October 13 through

Tuesday, October 27. Please dial 1-800-835-4112 (U.S. and Canada) or 203-369-3829 (International/U.S. Toll) and enter passcode: 9911#. The replay will also be available online on our Investor Relations webpage and through this earnings webcast link.


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Forward-Looking Statements

This document contains forward-looking statements. In addition, we may make forward-looking statements in our other documents filed or furnished with the Securities and Exchange Commission (SEC), and our management may make forward-looking statements orally to analysts, investors, representatives of the media and others. Forward-looking statements can be identified by words such as “anticipates,” “intends,” “plans,” “seeks,” “believes,” “estimates,” “expects,” “target,” “projects,” “outlook,” “forecast,” “will,” “may,” “could,” “should,” “can” and similar references to future periods. In particular, forward-looking statements include, but are not limited to, statements we make about: (i) the future operating or financial performance of the Company or any of its businesses, including our outlook for future growth; (ii) our expectations regarding noninterest expense and our efficiency ratio; (iii) future credit quality and performance, including our expectations regarding future loan losses, our allowance for credit losses, and the economic scenarios considered to develop the allowance; (iv) our expectations regarding net interest income and net interest margin; (v) loan growth or the reduction or mitigation of risk in our loan portfolios; (vi) future capital or liquidity levels, ratios or targets; (vii) the expected outcome and impact of legal, regulatory and legislative developments, as well as our expectations regarding compliance therewith; (viii) future common stock dividends, common share repurchases and other uses of capital; (ix) our targeted range for return on assets, return on equity, and return on tangible common equity; (x) expectations regarding our effective income tax rate; (xi) the outcome of contingencies, such as legal actions; (xii) sustainability and governance related goals or commitments; and (xiii) the Company’s plans, objectives and strategies.

Forward-looking statements are not based on historical facts but instead represent our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Our actual results may differ materially from those contemplated by the forward-looking statements. We caution you, therefore, against relying on any of these forward-looking statements. They are neither statements of historical fact nor guarantees or assurances of future performance. While there is no assurance that any list of risks and uncertainties or risk factors is complete, important factors that could cause actual results to differ materially from those in the forward-looking statements include the following, without limitation:

•current and future economic and market conditions, including the effects of declines in housing prices, high unemployment rates, declines in commercial real estate prices, U.S. fiscal debt, budget and tax matters, geopolitical matters, trade policies, and any slowdown in global economic growth;

•our capital and liquidity requirements (including under regulatory capital standards, such as the Basel III capital standards) and our ability to generate capital internally or raise capital on favorable terms;

•current, pending or future legislation or regulation that could have a negative effect on our revenue and businesses, including rules and regulations relating to bank products and financial services;

•our ability to realize any efficiency ratio or expense target as part of our expense management initiatives, including as a result of business and economic cyclicality, seasonality, changes in our business composition and operating environment, growth in our businesses and/or acquisitions, and unexpected expenses relating to, among other things, litigation and regulatory matters;

•the effect of the current interest rate environment or changes in interest rates or in the level or composition of our assets or liabilities on our net interest income and net interest margin;

•significant turbulence or a disruption in the capital or financial markets, which could result in, among other things, a reduction in the availability of funding or increased funding costs, a reduction in our ability to sell or securitize loans, and declines in asset values and/or recognition of impairment of securities held in our debt securities and equity securities portfolios;

•the effect of a fall in stock market prices on our investment banking business and our fee income from our brokerage and wealth management businesses;

•negative effects from instances where customers may have experienced financial harm, including on our legal, operational and compliance costs, our ability to engage in certain business activities or offer certain products or services, our ability to keep and attract customers, our ability to attract and retain qualified employees, and our reputation;

•regulatory matters, including the failure to resolve outstanding matters on a timely basis and the potential impact of new matters, litigation, or other legal actions, which may result in, among other things, additional costs, fines, penalties, restrictions on our business activities, reputational harm, or other adverse consequences;

•a failure in or breach of our operational or security systems or infrastructure, or those of our third-party vendors or other service providers, including as a result of cyberattacks;

•the effect of technological changes, including artificial intelligence and digital assets, on us, our customers, or our competitive landscape;

•the effect of changes in the level of checking or savings account deposits on our funding costs and net interest margin;


			10

•fiscal and monetary policies of the Federal Reserve Board;

•changes to tax laws, regulations, and guidance as well as the effect of discrete items on our effective income tax rate;

•our ability to develop and execute effective business plans and strategies; and

•the other risk factors and uncertainties described under “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2025.

In addition to the above factors, we also caution that the amount and timing of any future common stock dividends or repurchases will depend on the earnings, cash requirements and financial condition of the Company, the impact to our balance sheet of expected customer activity, our capital requirements and long-term targeted capital structure, the results of supervisory stress tests, market conditions (including the trading price of our stock), regulatory and legal considerations, including regulatory requirements under the Federal Reserve Board’s capital plan rule, and other factors deemed relevant by the Company, and may be subject to regulatory approval or conditions.

For additional information about factors that could cause actual results to differ materially from our expectations, refer to our reports filed with the SEC, including the discussion under “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2025, as filed with the SEC and available on its website at www.sec.gov1.

Any forward-looking statement made by us speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.

Forward-looking Non-GAAP Financial Measures. From time to time we may provide forward-looking non-GAAP financial measures, such as forward-looking estimates or targets for return on average tangible common equity or for net interest income excluding Markets. We are unable to provide a reconciliation of forward-looking non-GAAP financial measures to their most directly comparable GAAP financial measures because we are unable to provide, without unreasonable effort, a meaningful or accurate calculation or estimation of amounts that would be necessary for the reconciliation due to the complexity and inherent difficulty in forecasting and quantifying future amounts or when they may occur. Such unavailable information could be significant to future results.

1 We do not control this website. Wells Fargo has provided this link for your convenience, but does not endorse and is not responsible for the content, links, privacy policy, or security policy of this website.


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About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $2.3 trillion in assets. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo ranked No. 38 on Fortune’s 2026 rankings of America’s largest corporations.

Contact Information

Media

Beth Richek, 980-308-1568

beth.richek@wellsfargo.com

Investor Relations

John M. Campbell, 415-396-0523

john.m.campbell@wellsfargo.com


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Exhibit 99.2

3Q26 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

Wells Fargo & Company and Subsidiaries

SUMMARY FINANCIAL DATA


	Quarter ended							Sep 30, 2026 % Change from			Nine months ended
(in millions, except ratios and per share amounts)	Sep 30, 2026			Jun 30, 2026	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2026		Sep 30, 2025	Sep 30, 2026			Sep 30, 2025	% Change
Selected Income Statement Data
Total revenue	$	21,870		22,622	21,446	21,292	21,436	(3)	%	2	$	65,938		62,407	6	%
Noninterest expense	13,743			13,661	14,330	13,726	13,846	1		(1)	41,734			41,116	2
Pre-tax pre-provision profit (PTPP) (1)	8,127			8,961	7,116	7,566	7,590	(9)		7	24,204			21,291	14
Provision for credit losses (2)	1,029			914	1,135	1,040	681	13		51	3,078			2,618	18
Wells Fargo net income	5,951			6,407	5,253	5,361	5,589	(7)		6	17,611			15,977	10
Wells Fargo net income applicable to common stock	5,703			6,160	5,000	5,114	5,341	(7)		7	16,863			15,171	11

Common Share Data
Diluted earnings per common share	1.87			2.00	1.60	1.62	1.66	(6)		13	5.47			4.64	18
Dividends declared per common share	0.50			0.45	0.45	0.45	0.45	11		11	1.40			1.25	12
Common shares outstanding	3,001.6			3,028.5	3,064.3	3,092.6	3,148.9	(1)		(5)
Average common shares outstanding	3,015.8			3,044.0	3,080.0	3,113.8	3,182.2	(1)		(5)	3,046.4			3,231.4	(6)
Diluted average common shares outstanding	3,051.5			3,074.6	3,117.7	3,159.0	3,223.5	(1)		(5)	3,081.0			3,270.3	(6)
Book value per common share (3)	$	52.91		54.48	53.25	53.24	52.30	(3)		1
Tangible book value per common share (3)(4)	44.46			46.13	44.98	45.02	44.18	(4)		1

Selected Equity Data (period-end)
Total equity	177,877			182,323	180,313	183,038	183,012	(2)		(3)
Common stockholders' equity	158,804			164,981	163,188	164,651	164,687	(4)		(4)
Tangible common equity (4)	133,447			139,703	137,817	139,219	139,119	(4)		(4)

Performance Ratios
Return on average assets (ROA) (5)	1.05		%	1.15	0.98	1.02	1.10				1.06		%	1.09
Return on average equity (ROE) (6)	13.8			15.0	12.2	12.3	12.8				13.7			12.4
Return on average tangible common equity (ROTCE) (4)	16.3			17.7	14.5	14.5	15.2				16.2			14.7
Efficiency ratio (7)	63			60	67	64	65				63			66
Net interest margin on a taxable-equivalent basis	2.43			2.43	2.47	2.60	2.61				2.44			2.65
Average deposit cost	1.56			1.51	1.43	1.44	1.54				1.50			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).

-3-

Wells Fargo & Company and Subsidiaries

SUMMARY FINANCIAL DATA (continued)


	Quarter ended							Sep 30, 2026 % Change from			Nine months ended
($ in millions, unless otherwise noted)	Sep 30, 2026			Jun 30, 2026	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2026		Sep 30, 2025	Sep 30, 2026		Sep 30, 2025	% Change
Selected Balance Sheet Data (average)
Loans	$	1,033,390		1,026,479	996,025	955,849	928,677	1	%	11	$	1,018,768	917,935	11	%
Assets	2,243,524			2,227,923	2,168,224	2,079,777	2,010,200	1		12	2,213,499		1,954,742	13
Deposits	1,482,928			1,465,600	1,415,034	1,377,718	1,339,939	1		11	1,454,770		1,336,975	9

Selected Balance Sheet Data (period-end)
Available-for-sale and held-to-maturity debt securities	448,356			448,899	426,953	421,596	420,914	—		7
Loans	1,048,113			1,031,115	1,016,787	986,167	943,102	2		11
Allowance for credit losses for loans	14,458			14,407	14,374	14,337	14,311	—		1

Assets	2,253,291			2,282,201	2,205,752	2,148,631	2,062,926	(1)		9
Deposits	1,502,652			1,501,405	1,454,939	1,426,207	1,367,361	—		10

Headcount (#) (period-end)	194,369			197,466	200,999	205,198	210,821	(2)		(8)

Capital and other metrics (1)
Risk-based capital ratios and components (2):
Standardized Approach:
Common Equity Tier 1 (CET1)	10.0		%	10.3	10.3	10.6	11.0
Tier 1 capital	11.3			11.4	11.4	11.9	12.3
Total capital	13.6			13.7	13.8	14.3	14.8
Risk-weighted assets (RWAs) (in billions)	$	1,339.8		1,342.3	1,316.0	1,294.6	1,242.4	—		8

Advanced Approach:
Common Equity Tier 1 (CET1)	11.8		%	12.1	12.1	12.4	12.7
Tier 1 capital	13.3			13.4	13.4	13.8	14.3
Total capital	15.1			15.3	15.3	15.7	16.2
Risk-weighted assets (RWAs) (in billions)	$	1,140.8		1,140.2	1,121.0	1,112.5	1,072.2	—		6

Tier 1 leverage ratio	6.8		%	6.9	7.0	7.5	7.7
Supplementary Leverage Ratio (SLR)	5.7			5.8	5.9	6.2	6.4
Total Loss Absorbing Capacity (TLAC) Ratio (3)	23.0			22.8	23.0	23.2	24.6
Liquidity Coverage Ratio (LCR) (4)	122			119	120	119	121

(1)Ratios and metrics for September 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.

-4-

Wells Fargo & Company and Subsidiaries

CONSOLIDATED STATEMENT OF INCOME


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







Interest income	$	23,908	23,284	22,445	22,602	22,419	3	%	7	$	69,637	64,712	8	%





Interest expense	11,391		10,967	10,349	10,271	10,469	4		9	32,707		29,559	11
Net interest income	12,517		12,317	12,096	12,331	11,950	2		5	36,930		35,153	5
Noninterest income
Deposit-related fees	1,415		1,357	1,319	1,291	1,290	4		10	4,091		3,808	7
Lending-related fees	420		405	393	393	384	4		9	1,218		1,121	9
Investment advisory and other asset-based fees	3,046		2,821	2,824	2,803	2,660	8		15	8,691		7,695	13
Commissions and brokerage services fees	670		687	667	657	651	(2)		3	2,024		1,899	7
Investment banking fees	894		939	796	716	840	(5)		6	2,629		2,311	14
Card fees	1,274		1,222	1,138	1,149	1,223	4		4	3,634		3,440	6
Mortgage banking	164		256	201	322	268	(36)		(39)	621		830	(25)
Net gains from trading activities	1,109		1,393	1,351	979	1,408	(20)		(21)	3,853		4,168	(8)
Net gains (losses) from debt securities	(29)		1	—	3	—	NM		NM	(28)		(147)	81
Net gains (losses) from equity securities	4		847	172	319	149	(100)		(97)	1,023		(75)	NM

Other	386		377	489	329	613	2		(37)	1,252		2,204	(43)
Total noninterest income	9,353		10,305	9,350	8,961	9,486	(9)		(1)	29,008		27,254	6
Total revenue	21,870		22,622	21,446	21,292	21,436	(3)		2	65,938		62,407	6




Provision for credit losses (1)	1,029		914	1,135	1,040	681	13		51	3,078		2,618	18
Noninterest expense
Personnel	8,745		8,851	9,593	9,077	9,021	(1)		(3)	27,189		27,204	—
Technology, telecommunications and equipment	1,492		1,457	1,397	1,374	1,319	2		13	4,346		3,829	14
Occupancy	804		803	778	840	784	—		3	2,385		2,311	3

Professional and outside services	1,168		1,109	1,066	1,236	1,177	5		(1)	3,343		3,304	1

Advertising and promotion	337		361	369	352	295	(7)		14	1,067		742	44
Other	1,197		1,080	1,127	847	1,250	11		(4)	3,404		3,726	(9)
Total noninterest expense	13,743		13,661	14,330	13,726	13,846	1		(1)	41,734		41,116	2
Income before income tax expense	7,098		8,047	5,981	6,526	6,909	(12)		3	21,126		18,673	13
Income tax expense	1,161		1,402	691	1,103	1,300	(17)		(11)	3,254		2,738	19
Net income before noncontrolling interests	5,937		6,645	5,290	5,423	5,609	(11)		6	17,872		15,935	12
Less: Net income (loss) from noncontrolling interests	(14)		238	37	62	20	NM		NM	261		(42)	721
Wells Fargo net income	$	5,951	6,407	5,253	5,361	5,589	(7)	%	6	$	17,611	15,977	10	%
Less: Preferred stock dividends and other	248		247	253	247	248	—		—	748		806	(7)
Wells Fargo net income applicable to common stock	$	5,703	6,160	5,000	5,114	5,341	(7)	%	7	$	16,863	15,171	11	%
Per share information
Earnings per common share	$	1.89	2.02	1.62	1.64	1.68	(6)	%	13	$	5.54	4.69	18	%
Diluted earnings per common share	1.87		2.00	1.60	1.62	1.66	(6)		13	5.47		4.64	18

NM – Not meaningful

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

-5-

Wells Fargo & Company and Subsidiaries

CONSOLIDATED BALANCE SHEET


							Sep 30, 2026 % Change from
(in millions, except shares)	Sep 30, 2026		Jun 30, 2026	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2026		Sep 30, 2025
Assets
Cash and due from banks	$	40,556	42,161	33,543	39,182	34,801	(4)	%	17
Interest-earning deposits with banks	140,503		161,214	141,241	135,028	139,524	(13)		1

Federal funds sold and securities borrowed or purchased under resale agreements	193,106		205,345	215,599	193,929	154,576	(6)		25
Trading assets	227,000		243,168	221,711	227,935	225,624	(7)		1



Available-for-sale debt securities	255,772		250,326	222,873	213,573	206,682	2		24
Held-to-maturity debt securities	192,584		198,573	204,080	208,023	214,232	(3)		(10)
Loans	1,048,113		1,031,115	1,016,787	986,167	943,102	2		11
Allowance for loan losses	(13,819)		(13,905)	(13,864)	(13,797)	(13,744)	1		(1)
Net loans	1,034,294		1,017,210	1,002,923	972,370	929,358	2		11
Premises and equipment, net	11,685		11,631	11,499	11,395	11,040	—		6
Goodwill	24,963		24,963	24,965	24,967	25,069	—		—
Equity securities	42,245		42,378	41,126	40,932	39,267	—		8
Other assets	90,583		85,232	86,192	81,297	82,753	6		9
Total assets	$	2,253,291	2,282,201	2,205,752	2,148,631	2,062,926	(1)		9
Liabilities
Noninterest-bearing deposits	$	365,666	370,116	365,712	365,368	366,814	(1)		—
Interest-bearing deposits	1,136,986		1,131,289	1,089,227	1,060,839	1,000,547	1		14
Total deposits	1,502,652		1,501,405	1,454,939	1,426,207	1,367,361	—		10
Federal funds purchased and securities loaned or sold under repurchase agreements	220,519		251,804	234,371	232,687	202,274	(12)		9
Short-term borrowings	38,192		25,168	32,282	18,323	16,449	52		132
Trading liabilities	56,133		56,631	53,647	45,468	45,258	(1)		24


Accrued expenses and other liabilities	75,067		82,731	66,259	68,196	70,799	(9)		6
Long-term debt	182,851		182,139	183,941	174,712	177,773	—		3
Total liabilities	2,075,414		2,099,878	2,025,439	1,965,593	1,879,914	(1)		10
Equity
Wells Fargo stockholders’ equity:
Preferred stock	17,098		15,348	15,348	16,608	16,608	11		3
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	61,515		61,192	60,852	61,288	61,016	1		1
Retained earnings	241,397		237,230	232,459	228,873	225,189	2		7
Accumulated other comprehensive loss	(16,512)		(8,277)	(7,922)	(6,673)	(7,647)	(99)		NM
Treasury stock (1)	(136,874)		(134,439)	(131,477)	(128,115)	(123,148)	(2)		(11)

Total Wells Fargo stockholders’ equity	175,760		180,190	178,396	181,117	181,154	(2)		(3)
Noncontrolling interests	2,117		2,133	1,917	1,921	1,858	(1)		14
Total equity	177,877		182,323	180,313	183,038	183,012	(2)		(3)
Total liabilities and equity	$	2,253,291	2,282,201	2,205,752	2,148,631	2,062,926	(1)		9

NM – Not meaningful

(1)Number of shares of treasury stock were 2,480,172,539, 2,453,296,138, 2,417,471,421, 2,389,192,624, and 2,332,874,793 at September 30, June 30, and March 31, 2026, and December 31, and September 30, 2025, respectively.

-6-

Wells Fargo & Company and Subsidiaries

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


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

Assets
Interest-earning deposits with banks	$	160,498		161,991	152,119	144,428	158,704	(1)	%	1	$	158,234		148,927	6	%
Federal funds sold and securities borrowed or purchased under resale agreements	190,609			191,176	192,250	159,759	120,900	—		58	191,339			109,426	75
Trading assets	189,364			193,690	192,209	183,706	172,409	(2)		10	191,744			162,235	18
Available-for-sale debt securities	257,991			235,644	217,181	212,487	200,309	9		29	237,088			187,841	26
Held-to-maturity debt securities	197,779			204,500	209,089	213,545	221,447	(3)		(11)	203,748			227,595	(10)
Loans	1,033,390			1,026,479	996,025	955,849	928,677	1		11	1,018,768			917,935	11
Equity securities	13,840			13,014	13,123	11,712	12,450	6		11	13,328			12,193	9
Other interest-earning assets	16,556			18,119	15,321	17,809	17,614	(9)		(6)	16,669			16,471	1
Total interest-earning assets	2,060,027			2,044,613	1,987,317	1,899,295	1,832,510	1		12	2,030,918			1,782,623	14
Total noninterest-earning assets	183,497			183,310	180,907	180,482	177,690	—		3	182,581			172,119	6
Total assets	$	2,243,524		2,227,923	2,168,224	2,079,777	2,010,200	1		12	$	2,213,499		1,954,742	13
Liabilities
Interest-bearing deposits	$	1,131,748		1,111,204	1,064,033	1,020,494	984,197	2		15	$	1,102,576		975,977	13
Federal funds purchased and securities loaned or sold under repurchase agreements	233,288			242,917	242,429	215,871	182,636	(4)		28	239,512			143,088	67
Short-term borrowings	37,444			33,104	29,397	10,869	17,936	13		109	33,344			9,007	270
Trading liabilities	43,109			38,368	35,831	35,702	33,086	12		30	39,129			31,537	24
Long-term debt	179,806			182,830	181,875	177,130	175,944	(2)		2	181,496			174,772	4
Other interest-bearing liabilities	22,226			21,787	20,498	19,619	20,382	2		9	21,510			19,976	8
Total interest-bearing liabilities	1,647,621			1,630,210	1,574,063	1,479,685	1,414,181	1		17	1,617,567			1,354,357	19
Noninterest-bearing deposits	351,180			354,396	351,001	357,224	355,742	(1)		(1)	352,194			360,998	(2)
Other noninterest-bearing liabilities	62,254			61,407	59,467	59,024	56,849	1		10	61,052			56,036	9
Total liabilities	2,061,055			2,046,013	1,984,531	1,895,933	1,826,772	1		13	2,030,813			1,771,391	15
Total equity	182,469			181,910	183,693	183,844	183,428	—		(1)	182,686			183,351	—
Total liabilities and equity	$	2,243,524		2,227,923	2,168,224	2,079,777	2,010,200	1		12	$	2,213,499		1,954,742	13

Average Interest Rates

Interest-earning assets
Interest-earning deposits with banks	3.46		%	3.35	3.38	3.65	4.01				3.40		%	3.98
Federal funds sold and securities borrowed or purchased under resale agreements	3.66			3.64	3.67	3.95	4.22				3.65			4.22
Trading assets	3.97			3.94	3.89	4.11	3.97				3.94			3.96
Available-for-sale debt securities	4.45			4.43	4.44	4.60	4.66				4.44			4.59
Held-to-maturity debt securities	2.22			2.24	2.27	2.27	2.32				2.24			2.36
Loans	5.65			5.60	5.62	5.78	5.97				5.62			5.96
Equity securities	2.96			2.87	2.79	2.64	2.22				2.87			2.34
Other interest-earning assets	3.76			4.28	3.55	4.78	5.61				3.88			4.83
Total interest-earning assets	4.63			4.58	4.58	4.75	4.88				4.60			4.87
Interest-bearing liabilities
Interest-bearing deposits	2.05			1.99	1.90	1.94	2.09				1.98			2.12
Federal funds purchased and securities loaned or sold under repurchase agreements	3.76			3.72	3.74	4.05	4.39				3.74			4.39
Short-term borrowings	4.08			4.00	4.04	4.47	4.68				4.04			4.84
Trading liabilities	3.06			3.08	3.15	3.23	3.20				3.09			3.19
Long-term debt	5.40			5.22	5.25	5.61	5.89				5.29			5.94
Other interest-bearing liabilities	3.46			3.47	3.60	3.61	3.75				3.51			3.63
Total interest-bearing liabilities	2.75			2.70	2.66	2.76	2.94				2.70			2.92

Interest rate spread on a taxable-equivalent basis (2)	1.88			1.88	1.92	1.99	1.94				1.90			1.95
Net interest margin on a taxable-equivalent basis (2)	2.43			2.43	2.47	2.60	2.61				2.44			2.65

(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 $74 million, $75 million, $72 million, $74 million, and $75 million for the quarters ended September 30, June 30, and March 31, 2026, and December 31, and September 30, 2025, respectively, and $221 million and $229 million for the first nine months 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.

-7-

Wells Fargo & Company and Subsidiaries

COMBINED SEGMENT RESULTS (1)


						Quarter ended September 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	$	8,016	2,134	2,216	950	(725)	(74)	12,517
Noninterest income	2,640		1,102	2,792	3,154	115	(450)	9,353
Total revenue	10,656		3,236	5,008	4,104	(610)	(524)	21,870
Provision for credit losses	791		240	(18)	16	—	—	1,029
Noninterest expense	6,188		1,400	2,454	3,286	415	—	13,743
Income (loss) before income tax expense (benefit)	3,677		1,596	2,572	802	(1,025)	(524)	7,098
Income tax expense (benefit)	922		400	648	199	(484)	(524)	1,161
Net income (loss) before noncontrolling interests	2,755		1,196	1,924	603	(541)	—	5,937
Less: Net income (loss) from noncontrolling interests	—		1	—	—	(15)	—	(14)
Net income (loss)	$	2,755	1,195	1,924	603	(526)	—	5,951

						Quarter ended June 30, 2026
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 September 30, 2025
Net interest income	$	7,628	1,949	1,870	851	(273)	(75)	11,950
Noninterest income	2,544		1,092	3,009	2,823	449	(431)	9,486
Total revenue	10,172		3,041	4,879	3,674	176	(506)	21,436
Provision for credit losses	767		39	(107)	(14)	(4)	—	681
Noninterest expense	6,376		1,445	2,362	3,013	650	—	13,846
Income (loss) before income tax expense (benefit)	3,029		1,557	2,624	675	(470)	(506)	6,909
Income tax expense (benefit)	759		393	658	169	(173)	(506)	1,300
Net income (loss) before noncontrolling interests	2,270		1,164	1,966	506	(297)	—	5,609
Less: Net income from noncontrolling interests	—		2	—	—	18	—	20
Net income (loss)	$	2,270	1,162	1,966	506	(315)	—	5,589

(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)


						Nine months ended September 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	$	23,309	6,169	6,673	2,774	(1,774)	(221)	36,930
Noninterest income	7,633		3,305	9,038	9,097	1,345	(1,410)	29,008
Total revenue	30,942		9,474	15,711	11,871	(429)	(1,631)	65,938
Provision for credit losses	2,554		521	(24)	23	4	—	3,078
Noninterest expense	19,063		4,420	7,643	9,708	900	—	41,734
Income (loss) before income tax expense (benefit)	9,325		4,533	8,092	2,140	(1,333)	(1,631)	21,126
Income tax expense (benefit)	2,339		1,140	2,030	532	(1,156)	(1,631)	3,254
Net income (loss) before noncontrolling interests	6,986		3,393	6,062	1,608	(177)	—	17,872
Less: Net income from noncontrolling interests	—		5	—	—	256	—	261
Net income (loss)	$	6,986	3,388	6,062	1,608	(433)	—	17,611

						Nine months ended September 30, 2025
Net interest income	$	21,972	5,909	5,475	2,366	(340)	(229)	35,153
Noninterest income	7,271		2,990	9,141	8,150	898	(1,196)	27,254
Total revenue	29,243		8,899	14,616	10,516	558	(1,425)	62,407
Provision for credit losses	2,451		183	(4)	9	(21)	—	2,618
Noninterest expense	18,897		4,634	7,089	8,824	1,672	—	41,116
Income (loss) before income tax expense (benefit)	7,895		4,082	7,531	1,683	(1,093)	(1,425)	18,673
Income tax expense (benefit)	1,970		1,034	1,887	408	(1,136)	(1,425)	2,738
Net income before noncontrolling interests	5,925		3,048	5,644	1,275	43	—	15,935
Less: Net income (loss) from noncontrolling interests	—		6	—	—	(48)	—	(42)
Net income	$	5,925	3,042	5,644	1,275	91	—	15,977

-9-

Wells Fargo & Company and Subsidiaries

CONSUMER BANKING AND LENDING SEGMENT


	Quarter ended						Sep 30, 2026 % Change from			Nine months ended
($ in millions)	Sep 30, 2026		Jun 30, 2026	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2026		Sep 30, 2025	Sep 30, 2026		Sep 30, 2025	% Change
Income Statement
Net interest income	$	8,016	7,742	7,551	7,661	7,628	4	%	5	$	23,309	21,972	6	%
Noninterest income:
Deposit-related fees	797		747	720	693	698	7		14	2,264		2,002	13
Investment advisory and other asset-based fees	292		264	264	253	249	11		17	820		721	14
Commissions and brokerage services fees	124		127	115	118	133	(2)		(7)	366		357	3
Card fees	1,201		1,148	1,064	1,088	1,162	5		3	3,413		3,249	5
Mortgage banking	119		154	163	179	199	(23)		(40)	436		590	(26)
Other	107		106	121	118	103	1		4	334		352	(5)
Total noninterest income	2,640		2,546	2,447	2,449	2,544	4		4	7,633		7,271	5
Total revenue	10,656		10,288	9,998	10,110	10,172	4		5	30,942		29,243	6
Net charge-offs	780		799	820	775	766	(2)		2	2,399		2,461	(3)
Change in the allowance for credit losses	11		146	(2)	136	1	(92)		NM	155		(10)	NM
Provision for credit losses	791		945	818	911	767	(16)		3	2,554		2,451	4
Noninterest expense	6,188		6,286	6,589	6,238	6,376	(2)		(3)	19,063		18,897	1
Income before income tax expense	3,677		3,057	2,591	2,961	3,029	20		21	9,325		7,895	18
Income tax expense	922		767	650	742	759	20		21	2,339		1,970	19
Net income	$	2,755	2,290	1,941	2,219	2,270	20		21	$	6,986	5,925	18
Revenue by Line of Business
Consumer, Small and Business Banking	$	7,579	7,308	7,019	7,130	7,089	4		7	$	21,906	20,288	8
Credit Card	1,710		1,614	1,595	1,600	1,663	6		3	4,919		4,775	3
Home Lending	743		762	787	807	870	(2)		(15)	2,292		2,557	(10)
Auto	341		320	295	282	256	7		33	956		734	30
Personal Lending	283		284	302	291	294	—		(4)	869		889	(2)
Total revenue	$	10,656	10,288	9,998	10,110	10,172	4		5	$	30,942	29,243	6
Selected Balance Sheet Data (average)
Loans by Line of Business:
Consumer, Small and Business Banking	$	18,028	17,892	17,399	17,201	17,520	1		3	$	17,775	12,190	46
Credit Card	53,896		52,655	53,041	52,898	51,121	2		5	53,200		50,396	6
Home Lending	197,423		197,949	198,493	200,226	201,803	—		(2)	197,951		203,608	(3)
Auto	58,803		55,701	52,567	48,699	44,775	6		31	55,713		43,221	29
Personal Lending	13,969		13,631	13,765	13,977	13,880	2		1	13,790		13,812	—
Total loans	$	342,119	337,828	335,265	333,001	329,099	1		4	$	338,429	323,227	5
Total deposits	825,120		828,363	816,621	807,643	808,942	—		2	823,399		804,820	2
Allocated capital (1)	33,000		33,000	33,000	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	$	18,353	18,197	17,891	17,203	17,755	1		3
Credit Card	54,452		53,334	52,266	54,059	51,572	2		6
Home Lending	197,454		198,187	198,516	199,742	201,345	—		(2)
Auto	60,627		57,391	54,279	50,954	46,524	6		30
Personal Lending	14,151		13,830	13,608	14,052	13,984	2		1
Total loans	$	345,037	340,939	336,560	336,010	331,180	1		4
Total deposits	833,092		832,165	840,556	821,100	810,992	—		3

NM – Not meaningful

(1)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							Sep 30, 2026 % Change from			Nine months ended
($ in millions, unless otherwise noted)	Sep 30, 2026			Jun 30, 2026	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2026		Sep 30, 2025	Sep 30, 2026			Sep 30, 2025	% Change
Selected Metrics
Consumer Banking and Lending:
Return on allocated capital (1)	32.4		%	27.1	23.1	18.8	19.2				27.6		%	16.8
Efficiency ratio (2)	58			61	66	62	63				62			65
Retail bank branches (#, period-end)	4,068			4,079	4,093	4,090	4,108	—	%	(1)
Digital active customers (# in millions, period-end) (3)	38.2			38.0	38.1	37.2	37.0	1		3
Mobile active customers (# in millions, period-end) (3)	34.0			33.7	33.5	32.8	32.5	1		5

Consumer, Small and Business Banking:
Deposit spread (4)	2.68		%	2.60	2.58	2.60	2.59				2.62		%	2.52
Debit card purchase volume ($ in billions) (5)	$	144.9		144.8	134.3	137.3	133.6	—		8	$	424.0		393.2	8	%
Debit card purchase transactions (# in millions) (5)	2,797			2,780	2,582	2,696	2,674	1		5	8,159			7,815	4
Client assets in advisory and brokerage accounts ($ in billions, period-end)	$	289		282	261	265	262	2		10

Home Lending:
Mortgage loan originations ($ in billions)	$	7.8		9.0	6.3	7.5	7.0	(13)		11	$	23.1		18.8	23
% of originations held for sale (HFS)	23.8		%	20.6	24.4	21.9	31.0				22.7		%	33.9
Third party mortgage loans serviced ($ in billions, period-end) (6)	$	343.9		361.4	386.6	397.0	433.8	(5)		(21)
Home lending loans 30+ days delinquency rate (period-end) (7)(8)	0.33		%	0.32	0.30	0.31	0.32

Credit Card (5):
Credit card purchase volume ($ in billions)	$	45.0		44.5	40.0	42.2	40.3	1		12	$	129.5		116.9	11
Credit card new accounts (# in thousands)	661			662	631	710	707	—		(7)	1,954			1,555	26
Credit card loans 30+ days delinquency rate (period-end) (8)	2.69		%	2.58	2.77	2.78	2.68
Credit card loans 90+ days delinquency rate (period-end) (8)	1.34			1.34	1.45	1.42	1.34

Auto:
Auto loan originations ($ in billions)	$	10.1		9.7	9.7	10.2	8.8	4		15	$	29.5		20.3	45
Auto loans 30+ days delinquency rate (period-end) (8)	1.39		%	1.31	1.26	1.52	1.54

(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)Delinquency balances exclude nonaccrual loans and loans held for sale.

-11-

Wells Fargo & Company and Subsidiaries

COMMERCIAL BANKING SEGMENT


	Quarter ended							Sep 30, 2026 % Change from			Nine months ended
($ in millions)	Sep 30, 2026			Jun 30, 2026	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2026		Sep 30, 2025	Sep 30, 2026			Sep 30, 2025	% Change
Income Statement
Net interest income	$	2,134		2,047	1,988	1,993	1,949	4	%	9	$	6,169		5,909	4	%
Noninterest income:
Deposit-related fees	327			325	319	320	311	1		5	971			970	—
Lending-related fees	156			148	150	147	144	5		8	454			418	9
Lease income	115			106	121	115	119	8		(3)	342			358	(4)
Other	504			492	542	504	518	2		(3)	1,538			1,244	24
Total noninterest income	1,102			1,071	1,132	1,086	1,092	3		1	3,305			2,990	11
Total revenue	3,236			3,118	3,120	3,079	3,041	4		6	9,474			8,899	6
Net charge-offs	131			93	58	96	83	41		58	282			222	27
Change in the allowance for credit losses	109			38	92	9	(44)	187		348	239			(39)	713
Provision for credit losses	240			131	150	105	39	83		515	521			183	185
Noninterest expense	1,400			1,412	1,608	1,443	1,445	(1)		(3)	4,420			4,634	(5)
Income before income tax expense	1,596			1,575	1,362	1,531	1,557	1		3	4,533			4,082	11
Income tax expense	400			397	343	387	393	1		2	1,140			1,034	10
Less: Net income from noncontrolling interests	1			2	2	2	2	(50)		(50)	5			6	(17)
Net income	$	1,195		1,176	1,017	1,142	1,162	2		3	$	3,388		3,042	11

Revenue by Product
Lending and leasing	$	1,316		1,278	1,250	1,254	1,251	3		5	$	3,844		3,780	2
Treasury management and payments	1,352			1,307	1,304	1,284	1,206	3		12	3,963			3,716	7
Other	568			533	566	541	584	7		(3)	1,667			1,403	19
Total revenue	$	3,236		3,118	3,120	3,079	3,041	4		6	$	9,474		8,899	6

Selected Metrics
Return on allocated capital	17.3		%	17.2	15.0	16.5	16.8				16.5		%	14.7
Efficiency ratio	43			45	52	47	48				47			52

-12-

Wells Fargo & Company and Subsidiaries

COMMERCIAL BANKING SEGMENT (continued)


	Quarter ended						Sep 30, 2026 % Change from			Nine months ended
($ in millions)	Sep 30, 2026		Jun 30, 2026	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2026		Sep 30, 2025	Sep 30, 2026		Sep 30, 2025	% Change
Selected Balance Sheet Data (average)
Loans:
Commercial and industrial	$	183,872	181,739	174,308	170,565	166,946	1	%	10	$	180,008	166,075	8	%
Commercial real estate	41,090		40,179	39,481	38,405	37,605	2		9	40,256		42,166	(5)
Lease financing and other	15,496		15,209	15,271	15,046	14,805	2		5	15,326		14,950	3
Total loans	$	240,458	237,127	229,060	224,016	219,356	1		10	$	235,590	223,191	6

Total deposits	198,946		189,534	185,897	180,989	171,976	5		16	191,507		177,570	8
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	$	189,482	183,633	181,173	173,931	170,031	3		11
Commercial real estate	41,867		40,648	40,029	39,227	38,030	3		10
Lease financing and other	15,621		15,527	15,375	15,469	15,174	1		3
Total loans	$	246,970	239,808	236,577	228,627	223,235	3		11

Total deposits	205,813		198,805	189,802	190,004	176,954	4		16

-13-

Wells Fargo & Company and Subsidiaries

CORPORATE AND INVESTMENT BANKING SEGMENT


	Quarter ended							Sep 30, 2026 % Change from			Nine months ended
($ in millions)	Sep 30, 2026			Jun 30, 2026	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2026		Sep 30, 2025	Sep 30, 2026			Sep 30, 2025	% Change
Income Statement
Net interest income	$	2,216		2,273	2,184	2,082	1,870	(3)	%	19	$	6,673		5,475	22	%
Noninterest income:
Deposit-related fees	283			277	274	272	273	2		4	834			814	2
Lending-related fees	236			229	217	220	214	3		10	682			624	9
Investment banking fees	908			948	844	694	826	(4)		10	2,700			2,291	18
Net gains from trading activities	1,053			1,309	1,382	927	1,367	(20)		(23)	3,744			4,060	(8)
Other	312			389	377	421	329	(20)		(5)	1,078			1,352	(20)
Total noninterest income	2,792			3,152	3,094	2,534	3,009	(11)		(7)	9,038			9,141	(1)
Total revenue	5,008			5,425	5,278	4,616	4,879	(8)		3	15,711			14,616	7
Net charge-offs	73			(15)	224	182	96	587		(24)	282			268	5
Change in the allowance for credit losses	(91)			(166)	(49)	(104)	(203)	45		55	(306)			(272)	(13)
Provision for credit losses	(18)			(181)	175	78	(107)	90		83	(24)			(4)	NM
Noninterest expense	2,454			2,497	2,692	2,347	2,362	(2)		4	7,643			7,089	8
Income before income tax expense	2,572			3,109	2,411	2,191	2,624	(17)		(2)	8,092			7,531	7
Income tax expense	648			780	602	552	658	(17)		(2)	2,030			1,887	8

Net income	$	1,924		2,329	1,809	1,639	1,966	(17)		(2)	$	6,062		5,644	7

Revenue by Line of Business
Banking:
Lending	$	692		724	700	656	647	(4)		7	$	2,116		1,866	13
Treasury Management and Payments	683			661	655	648	630	3		8	1,999			1,859	8
Investment Banking	611			628	602	457	554	(3)		10	1,841			1,551	19
Total Banking	1,986			2,013	1,957	1,761	1,831	(1)		8	5,956			5,276	13
Commercial Real Estate	1,171			1,197	1,146	1,236	1,186	(2)		(1)	3,514			3,847	(9)
Markets:
Fixed Income, Currencies, and Commodities (FICC)	1,262			1,536	1,583	1,164	1,355	(18)		(7)	4,381			4,128	6
Equities	543			635	543	453	450	(14)		21	1,721			1,285	34
Credit Adjustment (CVA/DVA/FVA) and Other	30			35	47	(15)	48	(14)		(38)	112			46	143
Total Markets	1,835			2,206	2,173	1,602	1,853	(17)		(1)	6,214			5,459	14
Other	16			9	2	17	9	78		78	27			34	(21)
Total revenue	$	5,008		5,425	5,278	4,616	4,879	(8)		3	$	15,711		14,616	7

Selected Metrics
Return on allocated capital	15.5		%	19.2	14.9	13.8	16.8				16.5		%	16.2
Efficiency ratio	49			46	51	51	48				49			49

NM – Not meaningful

-14-

Wells Fargo & Company and Subsidiaries

CORPORATE AND INVESTMENT BANKING SEGMENT (continued)


	Quarter ended						Sep 30, 2026 % Change from			Nine months ended
($ in millions)	Sep 30, 2026		Jun 30, 2026	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2026		Sep 30, 2025	Sep 30, 2026		Sep 30, 2025	% Change
Selected Balance Sheet Data (average)
Loans:
Commercial and industrial	$	274,329	278,389	262,181	233,429	214,774	(1)	%	28	$	271,677	203,381	34	%
Commercial real estate	79,101		80,984	80,134	79,437	81,121	(2)		(2)	80,069		83,043	(4)
Total loans	$	353,430	359,373	342,315	312,866	295,895	(2)		19	$	351,746	286,424	23

Loans by Line of Business:
Banking	$	119,355	124,981	117,741	100,961	92,787	(5)		29	$	120,698	89,459	35
Commercial Real Estate	123,403		123,146	119,452	116,584	117,115	—		5	122,015		117,449	4
Markets	110,672		111,246	105,122	95,321	85,993	(1)		29	109,033		79,516	37
Total loans	$	353,430	359,373	342,315	312,866	295,895	(2)		19	$	351,746	286,424	23
Trading-related assets:
Trading assets, excluding derivative assets	$	200,006	204,106	205,653	197,928	177,045	(2)		13	$	203,234	165,078	23
Derivative assets	30,130		26,518	22,375	22,392	22,682	14		33	26,369		21,936	20
Securities borrowed or purchased under resale agreements	172,424		170,853	169,870	144,040	115,868	1		49	171,058		105,046	63
Total trading-related assets	$	402,560	401,477	397,898	364,360	315,595	—		28	$	400,661	292,060	37
Total assets	818,661		825,944	801,973	735,281	679,877	(1)		20	815,587		644,390	27
Total deposits	248,075		234,762	214,345	214,520	204,056	6		22	232,518		203,464	14
Allocated capital (1)	46,500		46,500	46,500	44,000	44,000	—		6	46,500		44,000	6

Selected Balance Sheet Data (period-end)
Loans:
Commercial and industrial	$	277,910	275,653	272,820	253,004	224,462	1		24
Commercial real estate	77,949		80,099	80,331	80,505	79,518	(3)		(2)
Total loans	$	355,859	355,752	353,151	333,509	303,980	—		17

Loans by Line of Business:
Banking	$	122,965	120,812	124,115	111,260	95,215	2		29
Commercial Real Estate	123,153		123,316	119,402	118,516	116,314	—		6
Markets	109,741		111,624	109,634	103,733	92,451	(2)		19
Total loans	$	355,859	355,752	353,151	333,509	303,980	—		17
Trading-related assets:
Trading assets, excluding derivative assets	$	192,394	217,646	198,601	205,356	202,471	(12)		(5)
Derivative assets	34,722		25,759	23,221	22,474	22,574	35		54
Securities borrowed or purchased under resale agreements	167,601		201,312	166,833	170,661	130,196	(17)		29
Total trading-related assets	$	394,717	444,717	388,655	398,491	355,241	(11)		11
Total assets	818,817		862,472	805,350	787,751	715,683	(5)		14
Total deposits	258,551		250,097	214,501	224,146	211,051	3		23

(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							Sep 30, 2026 % Change from			Nine months ended
($ in millions, unless otherwise noted)	Sep 30, 2026			Jun 30, 2026	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2026		Sep 30, 2025	Sep 30, 2026			Sep 30, 2025	% Change
Income Statement
Net interest income	$	950		919	905	868	851	3	%	12	$	2,774		2,366	17	%
Noninterest income:
Investment advisory and other asset-based fees	2,706			2,506	2,503	2,492	2,353	8		15	7,715			6,795	14
Commissions and brokerage services fees	426			437	438	442	424	(3)		—	1,301			1,245	4
Other	22			30	29	19	46	(27)		(52)	81			110	(26)
Total noninterest income	3,154			2,973	2,970	2,953	2,823	6		12	9,097			8,150	12
Total revenue	4,104			3,892	3,875	3,821	3,674	5		12	11,871			10,516	13
Net charge-offs	(1)			(1)	(1)	—	(1)	—		—	(3)			(1)	NM
Change in the allowance for credit losses	17			18	(9)	(9)	(13)	(6)		231	26			10	160
Provision for credit losses	16			17	(10)	(9)	(14)	(6)		214	23			9	156
Noninterest expense	3,286			3,160	3,262	3,074	3,013	4		9	9,708			8,824	10
Income before income tax expense	802			715	623	756	675	12		19	2,140			1,683	27
Income tax expense	199			178	155	191	169	12		18	532			408	30

Net income	$	603		537	468	565	506	12		19	$	1,608		1,275	26

Selected Metrics
Return on allocated capital	36.0		%	32.4	28.4	33.6	29.9				32.3		%	25.3
Efficiency ratio	80			81	84	80	82				82			84
Client assets ($ in billions, period-end):
Advisory assets	$	1,230		1,225	1,119	1,127	1,104	—		11
Other brokerage assets and deposits	1,509			1,466	1,364	1,382	1,369	3		10
Total Company-wide client assets (1)	$	2,739		2,691	2,483	2,509	2,473	2		11

Total WIM client assets	$	2,450		2,409	2,222	2,244	2,211	2		11

Selected Balance Sheet Data (average)
Total loans	$	95,371		91,143	88,386	84,949	82,330	5		16	$	91,659		81,515	12
Total deposits	108,671			109,788	112,098	105,542	99,764	(1)		9	110,173			100,431	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	$	97,986		93,804	89,537	87,106	83,786	4		17
Total deposits	110,229			110,599	113,659	117,478	103,957	—		6

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						Sep 30, 2026 % Change from			Nine months ended
($ in millions)	Sep 30, 2026		Jun 30, 2026	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2026		Sep 30, 2025	Sep 30, 2026		Sep 30, 2025	% Change
Income Statement
Net interest income	$	(725)	(589)	(460)	(199)	(273)	(23)	%	NM	$	(1,774)	(340)	NM
Noninterest income	115		1,002	228	388	449	(89)		(74)	1,345		898	50	%
Total revenue	(610)		413	(232)	189	176	NM		NM	(429)		558	NM
Net charge-offs	—		7	5	(23)	10	(100)		(100)	12		10	20
Change in the allowance for credit losses	—		(5)	(3)	(22)	(14)	100		100	(8)		(31)	74
Provision for credit losses	—		2	2	(45)	(4)	(100)		100	4		(21)	119
Noninterest expense	415		306	179	624	650	36		(36)	900		1,672	(46)
Income (loss) before income tax benefit	(1,025)		105	(413)	(390)	(470)	NM		NM	(1,333)		(1,093)	(22)
Income tax benefit	(484)		(206)	(466)	(246)	(173)	NM		NM	(1,156)		(1,136)	(2)
Less: Net income (loss) from noncontrolling interests	(15)		236	35	60	18	NM		NM	256		(48)	633
Net income (loss)	$	(526)	75	18	(204)	(315)	NM		(67)	$	(433)	91	NM

Selected Balance Sheet Data (average)
Available-for-sale debt securities	$	245,645	226,383	208,869	203,202	188,103	9		31	$	227,100	174,235	30
Held-to-maturity debt securities	191,090		197,708	202,212	206,595	214,409	(3)		(11)	196,963		220,451	(11)
Equity securities	18,749		17,316	17,487	16,062	16,450	8		14	17,855		15,784	13
Total assets	684,304		672,761	649,698	638,732	636,359	2		8	669,048		618,635	8
Total deposits	102,116		103,153	86,073	69,024	55,201	(1)		85	97,173		50,690	92

Selected Balance Sheet Data (period-end)
Available-for-sale debt securities	$	247,718	241,832	214,935	205,670	198,665	2		25
Held-to-maturity debt securities	189,329		195,315	200,842	204,811	211,069	(3)		(10)
Equity securities	17,862		17,430	17,091	16,451	16,273	2		10
Total assets	670,707		671,987	669,736	638,664	642,044	—		4
Total deposits	94,967		109,739	96,421	73,479	64,407	(13)		47

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							Sep 30, 2026 $ Change from
($ in millions)	Sep 30, 2026			Jun 30, 2026	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2026	Sep 30, 2025
Period-End Loans
Commercial and industrial	$	499,337		487,630	481,915	452,068	417,904	11,707	81,433


Commercial real estate	132,020			132,986	132,213	132,284	130,250	(966)	1,770
Lease financing	15,788			15,683	15,512	15,543	15,311	105	477
Total commercial	647,145			636,299	629,640	599,895	563,465	10,846	83,680



Residential mortgage	240,437			240,774	240,839	242,190	243,910	(337)	(3,473)
Credit card	59,488			58,394	57,277	59,540	56,996	1,094	2,492
Auto	60,177			56,924	53,794	50,487	46,041	3,253	14,136
Other consumer (1)	40,866			38,724	35,237	34,055	32,690	2,142	8,176
Total consumer	400,968			394,816	387,147	386,272	379,637	6,152	21,331
Total loans	$	1,048,113		1,031,115	1,016,787	986,167	943,102	16,998	105,011

Average Loans
Commercial and industrial	$	488,336		487,527	463,064	427,616	405,753	809	82,583
Commercial real estate	132,696			133,701	132,134	130,507	131,623	(1,005)	1,073
Lease financing	15,693			15,408	15,462	15,243	14,986	285	707
Total commercial	636,725			636,636	610,660	573,366	552,362	89	84,363
Residential mortgage	240,369			240,656	241,078	242,848	244,562	(287)	(4,193)
Credit card	58,911			57,580	58,215	58,245	56,420	1,331	2,491
Auto	58,348			55,226	52,099	48,231	44,292	3,122	14,056
Other consumer	39,037			36,381	33,973	33,159	31,041	2,656	7,996
Total consumer	396,665			389,843	385,365	382,483	376,315	6,822	20,350
Total loans	$	1,033,390		1,026,479	996,025	955,849	928,677	6,911	104,713

Average Interest Rates
Commercial and industrial	5.68		%	5.65	5.68	5.94	6.26
Commercial real estate	5.63			5.56	5.62	5.94	6.15
Lease financing	5.93			5.88	5.81	5.86	5.85
Total commercial	5.68			5.64	5.67	5.93	6.23
Residential mortgage	3.79			3.74	3.72	3.72	3.72
Credit card	12.12			12.11	12.31	12.27	12.70
Auto	5.95			5.84	5.72	5.70	5.59
Other consumer	6.45			6.46	6.66	6.98	7.40
Total consumer	5.61			5.53	5.55	5.55	5.59
Total loans	5.65			5.60	5.62	5.78	5.97

(1)Includes $34.2 billion, $32.2 billion, $28.5 billion, $26.2 billion, and $25.1 billion at September 30, June 30, and March 31, 2026, and December 31, and September 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
	Sep 30, 2026				Jun 30, 2026				Mar 31, 2026				Dec 31, 2025				Sep 30, 2025				Sep 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)		Jun 30, 2026		Sep 30, 2025
By product:
Commercial and industrial	$	162	0.13	%	$	131	0.11	%	$	331	0.29	%	$	157	0.15	%	$	131	0.13	%	$	31	31


Commercial real estate	107		0.32		16		0.05		19		0.06		158		0.48		107		0.32		91		—
Lease financing	12		0.30		9		0.23		10		0.26		10		0.26		12		0.32		3		—
Total commercial	281		0.18		156		0.10		360		0.24		325		0.22		250		0.18		125		31


Residential mortgage	(15)		(0.02)		(14)		(0.02)		(14)		(0.02)		(13)		(0.02)		(22)		(0.04)		(1)		7
Credit card	554		3.73		600		4.18		605		4.21		583		3.97		571		4.02		(46)		(17)
Auto	84		0.57		54		0.39		63		0.49		60		0.49		50		0.45		30		34
Other consumer	79		0.80		80		0.88		86		1.03		91		1.09		93		1.19		(1)		(14)
Total consumer	702		0.70		720		0.74		740		0.78		721		0.75		692		0.73		(18)		10
Total net loan charge-offs	$	983	0.38	%	$	876	0.34	%	$	1,100	0.45	%	$	1,046	0.43	%	$	942	0.40	%	$	107	41
By segment:
Consumer Banking and Lending	$	780	0.90	%	$	799	0.95	%	$	820	0.99	%	$	775	0.93	%	$	766	0.93	%	$	(19)	14
Commercial Banking	131		0.22		92		0.16		57		0.10		90		0.16		83		0.15		39		48
Corporate and Investment Banking	73		0.08		(15)		(0.02)		224		0.27		181		0.23		94		0.13		88		(21)
Wealth and Investment Management	(1)		—		(1)		—		(1)		—		—		—		(1)		—		—		—
Corporate	—		—		1		0.40		—		—		—		—		—		—		(1)		—
Total net loan charge-offs	$	983	0.38	%	$	876	0.34	%	$	1,100	0.45	%	$	1,046	0.43	%	$	942	0.40	%	$	107	41

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


Balance, beginning of period	$	14,407		14,374	14,337	14,311	14,568	33	(161)
Provision for credit losses for loans	1,033			911	1,139	1,071	687	122	346
Net loan charge-offs:
Commercial and industrial	(162)			(131)	(331)	(157)	(131)	(31)	(31)


Commercial real estate	(107)			(16)	(19)	(158)	(107)	(91)	—
Lease financing	(12)			(9)	(10)	(10)	(12)	(3)	—
Total commercial	(281)			(156)	(360)	(325)	(250)	(125)	(31)


Residential mortgage	15			14	14	13	22	1	(7)
Credit card	(554)			(600)	(605)	(583)	(571)	46	17
Auto	(84)			(54)	(63)	(60)	(50)	(30)	(34)
Other consumer	(79)			(80)	(86)	(91)	(93)	1	14
Total consumer	(702)			(720)	(740)	(721)	(692)	18	(10)
Net loan charge-offs	(983)			(876)	(1,100)	(1,046)	(942)	(107)	(41)
Other	1			(2)	(2)	1	(2)	3	3
Balance, end of period	$	14,458		14,407	14,374	14,337	14,311	51	147
Components:
Allowance for loan losses	$	13,819		13,905	13,864	13,797	13,744	(86)	75
Allowance for unfunded credit commitments	639			502	510	540	567	137	72
Allowance for credit losses for loans	$	14,458		14,407	14,374	14,337	14,311	51	147
Ratio of allowance for loan losses to total net loan charge-offs (annualized)	3.54x			3.96	3.11	3.32	3.68
Allowance for loan losses as a percentage of:
Total loans	1.32		%	1.35	1.36	1.40	1.46
Nonaccrual loans	196			182	164	168	181
Allowance for credit losses for loans as a percentage of:
Total loans	1.38			1.40	1.41	1.45	1.52
Nonaccrual loans	205			188	170	175	188

-20-

Wells Fargo & Company and Subsidiaries

ALLOCATION OF ALLOWANCE FOR CREDIT LOSSES FOR LOANS


	Sep 30, 2026				Jun 30, 2026				Mar 31, 2026				Dec 31, 2025				Sep 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	$	5,081	1.02	%	$	4,834	0.99	%	$	4,840	1.00	%	$	4,510	1.00	%	$	4,376	1.05	%


Commercial real estate	2,128		1.61		2,349		1.77		2,478		1.87		2,737		2.07		2,965		2.28
Lease financing	219		1.39		212		1.35		211		1.36		210		1.35		211		1.38
Total commercial	7,428		1.15		7,395		1.16		7,529		1.20		7,457		1.24		7,552		1.34



Residential mortgage (1)	527		0.22		543		0.23		525		0.22		555		0.23		569		0.23
Credit card	4,962		8.34		4,974		8.52		4,902		8.56		4,956		8.32		4,907		8.61
Auto	1,033		1.72		948		1.67		878		1.63		817		1.62		717		1.56
Other consumer	508		1.24		547		1.41		540		1.53		552		1.62		566		1.73
Total consumer	7,030		1.75		7,012		1.78		6,845		1.77		6,880		1.78		6,759		1.78
Total allowance for credit losses for loans	$	14,458	1.38	%	$	14,407	1.40	%	$	14,374	1.41	%	$	14,337	1.45	%	$	14,311	1.52	%
By segment:
Consumer Banking and Lending	$	7,888	2.29	%	$	7,878	2.31	%	$	7,732	2.30	%	$	7,734	2.30	%	$	7,599	2.29	%
Commercial Banking	2,435		0.99		2,325		0.97		2,287		0.97		2,194		0.96		2,184		0.98
Corporate and Investment Banking	3,865		1.09		3,953		1.11		4,122		1.17		4,167		1.25		4,275		1.41
Wealth and Investment Management	267		0.27		250		0.27		232		0.26		241		0.28		251		0.30
Corporate	3		0.13		1		0.12		1		0.10		1		0.11		2		0.22
Total allowance for credit losses for loans	$	14,458	1.38	%	$	14,407	1.40	%	$	14,374	1.41	%	$	14,337	1.45	%	$	14,311	1.52	%

(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)


	Sep 30, 2026				Jun 30, 2026				Mar 31, 2026				Dec 31, 2025				Sep 30, 2025				Sep 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		Jun 30, 2026		Sep 30, 2025
By product:
Nonaccrual loans:
Commercial and industrial	$	1,372	0.27	%	$	1,248	0.26	%	$	1,646	0.34	%	$	1,312	0.29	%	$	1,050	0.25	%	$	124	322
Commercial real estate	2,716		2.06		3,402		2.56		3,779		2.86		3,879		2.93		3,334		2.56		(686)		(618)
Lease financing	81		0.51		85		0.54		88		0.57		75		0.48		75		0.49		(4)		6
Total commercial	4,169		0.64		4,735		0.74		5,513		0.88		5,266		0.88		4,459		0.79		(566)		(290)
Residential mortgage (1)	2,787		1.16		2,811		1.17		2,860		1.19		2,838		1.17		3,057		1.25		(24)		(270)
Auto	78		0.13		72		0.13		70		0.13		70		0.14		71		0.15		6		7
Other consumer	26		0.06		25		0.06		26		0.07		27		0.08		27		0.08		1		(1)
Total consumer	2,891		0.72		2,908		0.74		2,956		0.76		2,935		0.76		3,155		0.83		(17)		(264)
Total nonaccrual loans	7,060		0.67		7,643		0.74		8,469		0.83		8,201		0.83		7,614		0.81		(583)		(554)
Foreclosed assets	299				301				299				302				218				(2)		81
Total nonperforming assets	$	7,359	0.70	%	$	7,944	0.77	%	$	8,768	0.86	%	$	8,503	0.86	%	$	7,832	0.83	%	$	(585)	(473)
By segment:
Consumer Banking and Lending	$	2,903	0.84	%	$	2,908	0.85	%	$	2,966	0.88	%	$	2,941	0.88	%	$	3,181	0.97	%	$	(5)	(278)
Commercial Banking	1,333		0.54		1,199		0.50		1,668		0.71		1,324		0.58		1,086		0.49		134		247
Corporate and Investment Banking	2,853		0.80		3,560		1.00		3,860		1.09		3,973		1.19		3,276		1.08		(707)		(423)
Wealth and Investment Management	270		0.28		277		0.30		274		0.31		265		0.29		289		0.33		(7)		(19)
Corporate	—		—		—		—		—		—		—		—		—		—		—		—
Total nonperforming assets	$	7,359	0.70	%	$	7,944	0.77	%	$	8,768	0.86	%	$	8,503	0.86	%	$	7,832	0.83	%	$	(585)	(473)

(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.

-22-

Wells Fargo & Company and Subsidiaries

COMMERCIAL LOAN PORTFOLIO


	Sep 30, 2026			Jun 30, 2026			Sep 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)	$	—	72,844	125,656	2	73,530		127,199	1	56,518	109,078
Commercial finance (3)	81		54,441	86,004	90	51,768		86,293	20	46,648	80,827
Consumer finance (4)	111		33,351	48,753	117	31,945		47,353	133	24,280	41,054
Real estate finance (5)	21		40,248	44,045	19	40,986		44,598	11	31,101	34,498
Total financials except banks	213		200,884	304,458	228	198,229		305,443	165	158,547	265,457
Technology, telecom and media	267		30,422	74,156	256	28,634		75,546	117	22,545	63,180
Real estate and construction	85		32,795	66,753	84	31,772		65,977	70	28,432	59,650
Equipment, machinery and parts manufacturing	24		31,083	60,304	29	30,995		61,714	66	26,805	54,768
Retail	110		24,540	48,393	176	21,665		46,518	85	20,382	43,152
Materials and commodities	137		16,363	39,241	90	15,322		38,887	104	14,192	34,722
Food and beverage manufacturing	150		17,200	36,317	46	17,068		36,191	8	17,143	33,111
Auto related	19		16,881	34,757	7	17,316		32,326	6	15,998	30,685
Oil, gas and pipelines	2		11,311	34,137	1	11,432		34,617	5	9,669	30,007
Health care and pharmaceuticals	21		13,751	33,596	22	13,364		33,624	35	13,692	31,246
Utilities	17		8,505	30,224	17	8,653		29,580	18	8,132	27,919
Commercial services	217		12,024	29,674	98	11,705		29,938	76	10,682	27,507
Entertainment and recreation	26		13,912	22,300	89	13,505		21,777	23	12,248	18,383
Insurance and fiduciaries	1		4,976	20,335	1	4,941		20,585	1	3,723	15,774
Transportation services	39		9,160	19,926	65	8,863		17,963	183	7,831	15,503
Diversified or miscellaneous	54		9,571	18,782	50	8,594		17,327	77	10,866	26,717
Government and education	7		8,462	15,361	5	7,638		14,028	32	6,725	12,946


Securities-based (6)	—		27,998	32,498	—	28,193		28,193	—	23,001	23,001
Other	64		25,287	41,293	69	25,424		39,734	54	22,602	37,217
Total commercial and industrial loans and lease financing	1,453		515,125	962,505	1,333	503,313		949,968	1,125	433,215	850,945
Commercial real estate loans by property type (7):
Apartments	385		36,192	42,121	337	36,456		42,146	287	37,677	41,732
Industrial/warehouse	22		29,651	34,193	22	29,130		36,127	46	23,854	30,020
Office	1,876		18,643	19,669	2,225	20,002		21,084	2,450	23,670	24,613
Hotel/motel	169		11,943	12,375	608	11,791		12,357	289	11,882	12,262
Shopping center	1		10,052	11,055	2	9,755		10,600	55	8,092	8,514
Retail (excluding shopping center)	106		9,984	11,017	45	10,037		10,833	96	10,714	11,687
Institutional	8		5,033	5,440	9	5,648		6,033	12	5,891	6,151



Other	149		10,522	12,748	154	10,167		11,823	99	8,470	10,375
Total commercial real estate loans	2,716		132,020	148,618	3,402	132,986		151,003	3,334	130,250	145,354
Total commercial loans	$	4,169	647,145	1,111,123	4,735	636,299		1,100,971	4,459	563,465	996,299

(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. In third quarter 2026, we reclassified loans to special purpose entities related to financing for trade receivables for companies across various industries from Commercial finance within the Financials except banks industry category to Other. We also reclassified certain loans from Commercial finance within the Financials except banks industry category to the Equipment, machinery and parts manufacturing and Technology, telecom and media industry categories to more closely align those loans with the industry categories of the underlying repayment sources and collateral. Prior period balances have been revised to conform with the current period presentation.

(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.

-23-

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.


								Sep 30, 2026 % Change from
($ in millions)		Sep 30, 2026		Jun 30, 2026	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2026		Sep 30, 2025
Tangible book value per common share:
Total equity		$	177,877	182,323	180,313	183,038	183,012	(2)	%	(3)
Adjustments:
Preferred stock		(17,098)		(15,348)	(15,348)	(16,608)	(16,608)	(11)		(3)
Additional paid-in capital on preferred stock		142		139	139	141	141	2		1

Noncontrolling interests		(2,117)		(2,133)	(1,916)	(1,920)	(1,858)	1		(14)
Total common stockholders' equity	(A)	158,804		164,981	163,188	164,651	164,687	(4)		(4)
Adjustments:
Goodwill		(24,963)		(24,963)	(24,965)	(24,967)	(25,069)	—		—
Certain identifiable intangible assets (other than MSRs)		(701)		(732)	(765)	(823)	(863)	4		19
Goodwill and other intangibles on venture capital investments in consolidated portfolio companies (included in other assets)		(759)		(648)	(705)	(705)	(698)	(17)		(9)
Applicable deferred taxes related to goodwill and other intangible assets (1)		1,066		1,065	1,064	1,063	1,062	—		—
Tangible common equity	(B)	$	133,447	139,703	137,817	139,219	139,119	(4)		(4)
Common shares outstanding	(C)	3,001.6		3,028.5	3,064.3	3,092.6	3,148.9	(1)		(5)
Book value per common share	(A)/(C)	$	52.91	54.48	53.25	53.24	52.30	(3)		1
Tangible book value per common share	(B)/(C)	44.46		46.13	44.98	45.02	44.18	(4)		1

(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.

-24-

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


		Quarter ended						Sep 30, 2026 % Change from		Nine months ended
($ in millions)		Sep 30, 2026			Jun 30, 2026	Mar 31, 2026	Dec 31, 2025		Sep 30, 2025	Jun 30, 2026		Sep 30, 2025	Sep 30, 2026			Sep 30, 2025		% Change
Return on average tangible common equity:
Net income applicable to common stock	(A)	$	5,703		6,160	5,000	5,114		5,341	(7)	%	7	$	16,863		15,171		11	%
Average total equity		182,469			181,910	183,693	183,844		183,428	—		(1)	182,686			183,351		—
Adjustments:
Preferred stock		(16,165)			(15,348)	(16,333)	(16,608)		(16,608)	(5)		3	(15,948)			(17,824)		11
Additional paid-in capital on preferred stock		141			139	140	141		141	1		—	140			143		(2)

Noncontrolling interests		(2,128)			(1,972)	(1,915)	(1,879)		(1,850)	(8)		(15)	(2,006)			(1,854)		(8)
Average common stockholders’ equity	(B)	164,317			164,729	165,585	165,498		165,111	—		—	164,872			163,816		1
Adjustments:
Goodwill		(24,965)			(24,966)	(24,967)	(25,055)		(25,070)	—		—	(24,966)			(25,092)		1
Certain identifiable intangible assets (other than MSRs)		(716)			(748)	(788)	(847)		(889)	4		19	(751)			(610)		(23)
Goodwill and other intangibles on venture capital investments in consolidated portfolio companies (included in other assets)		(649)			(704)	(705)	(698)		(674)	8		4	(686)			(694)		1
Applicable deferred taxes related to goodwill and other intangible assets (1)		1,065			1,065	1,063	1,063		1,061	—		—	1,064			1,001		6
Average tangible common equity	(C)	$	139,052		139,376	140,188	139,961		139,539	—		—	$	139,533		138,421		1
Return on average common stockholders’ equity (ROE) (annualized)	(A)/(B)	13.8		%	15.0	12.2	12.3		12.8				13.7		%	12.4	%
Return on average tangible common equity (ROTCE) (annualized)	(A)/(C)	16.3			17.7	14.5	14.5		15.2				16.2			14.7

-25-

Wells Fargo & Company and Subsidiaries

RISK-BASED CAPITAL RATIOS UNDER BASEL III (1)


		Estimated
($ in billions)		Sep 30, 2026			Jun 30, 2026	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025
Total equity		$	177.9		182.3	180.3	183.0	183.0


Adjustments:
Preferred stock		(17.1)			(15.3)	(15.3)	(16.6)	(16.6)
Additional paid-in capital on preferred stock		0.1			0.1	0.1	0.1	0.2
Noncontrolling interests		(2.1)			(2.1)	(1.9)	(1.8)	(1.9)
Total common stockholders' equity		158.8			165.0	163.2	164.7	164.7
Adjustments:
Goodwill		(25.0)			(25.0)	(25.0)	(25.0)	(25.1)
Certain identifiable intangible assets (other than MSRs)		(0.7)			(0.7)	(0.8)	(0.8)	(0.9)
Goodwill and other intangibles on venture capital investments in consolidated portfolio companies (included in other assets)		(0.8)			(0.6)	(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		1.2			(2.1)	(2.4)	(2.0)	(2.5)
Common Equity Tier 1 under the Standardized and Advanced Approaches	(A)	134.6			137.7	135.4	137.3	136.6
Preferred stock		17.1			15.3	15.3	16.6	16.6
Additional paid-in capital on preferred stock		(0.1)			(0.1)	(0.1)	(0.1)	(0.2)
Other		(0.4)			(0.2)	(0.2)	(0.2)	(0.2)
Total Tier 1 capital under the Standardized and Advanced Approaches	(B)	151.2			152.7	150.4	153.6	152.8

Long-term debt and other instruments qualifying as Tier 2		16.7			17.1	17.0	16.7	16.7
Qualifying allowance for credit losses (3)		14.8			14.8	14.8	14.7	14.6
Other		(0.5)			(0.4)	(0.4)	(0.3)	(0.4)
Total Tier 2 capital under the Standardized Approach	(C)	31.0			31.5	31.4	31.1	30.9
Total qualifying capital under the Standardized Approach	(B)+(C)	$	182.2		184.2	181.8	184.7	183.7

Long-term debt and other instruments qualifying as Tier 2		16.7			17.1	17.0	16.7	16.7
Qualifying allowance for credit losses (3)		4.7			4.8	4.7	4.6	4.4
Other		(0.5)			(0.4)	(0.4)	(0.3)	(0.4)
Total Tier 2 capital under the Advanced Approach	(D)	20.9			21.5	21.3	21.0	20.7
Total qualifying capital under the Advanced Approach	(B)+(D)	$	172.1		174.2	171.7	174.6	173.5

Total risk-weighted assets (RWAs) under the Standardized Approach	(E)	$	1,339.8		1,342.3	1,316.0	1,294.6	1,242.4
Total RWAs under the Advanced Approach	(F)	$	1,140.8		1,140.2	1,121.0	1,112.5	1,072.2

Ratios under the Standardized Approach:
Common Equity Tier 1	(A)/(E)	10.0		%	10.3	10.3	10.6	11.0
Tier 1 capital	(B)/(E)	11.3			11.4	11.4	11.9	12.3
Total capital	(B)+(C)/(E)	13.6			13.7	13.8	14.3	14.8

Ratios under the Advanced Approach:
Common Equity Tier 1	(A)/(F)	11.8		%	12.1	12.1	12.4	12.7
Tier 1 capital	(B)/(F)	13.3			13.4	13.4	13.8	14.3
Total capital	(B)+(D)/(F)	15.1			15.3	15.3	15.7	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						Sep 30, 2026 % Change from			Nine months ended
($ in millions)	Sep 30, 2026		Jun 30, 2026	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2026		Sep 30, 2025	Sep 30, 2026		Sep 30, 2025	% Change
Net interest income	$	12,517	12,317	12,096	12,331	11,950	2	%	5	$	36,930	35,153	5	%
Markets net interest income	428		501	481	358	144	(15)		197	1,410		379	272
Net interest income excluding Markets	$	12,089	11,816	11,615	11,973	11,806	2		2	$	35,520	34,774	2

-27-

23Q26 Financial Results 14.7% 16.2% YTD25 YTD26 $13.8 $13.7 Revenue-related Expenses Non-revenue Related Expenses 3Q25 3Q26 211 194 Headcount 3Q25 3Q26 Clear progress on path to improved financial results and returns Earnings Per Share ($ per diluted share) $20.4 $21.4 $21.9 3Q24 3Q25 3Q26 Return on Average Tangible Common Equity (ROTCE)1 Noninterest Expense ($ in billions) and Headcount (# in '000s, period-end) YoY defined as year-over-year. YTD defined as the first nine months of the year. Endnotes are presented starting on page 18. Revenue ($ in billions) $1.42 $1.66 $1.87 3Q24 3Q25 3Q26 (4)% 17% 13% (2)% 5% 2% +1.5 ppts Average Loans YoY Growth Average Deposits YoY Growth 2% (3)% 1% 10% 12% 11% 2023 2024 2025 1Q26 2Q26 3Q26 (5)% 0% 0% 6% 10% 11% 2023 2024 2025 1Q26 2Q26 3Q26 (8)% (1)% (4)% 15% YoY growth YoY growth

33Q26 Financial Results $10.2 $10.7 3Q25 3Q26 $4.9 $5.0 3Q25 3Q26 $3.0 $3.2 3Q25 3Q26 $3.7 $4.1 3Q25 3Q26 ...driven by growth across all our businesses Consumer Banking and Lending Corporate and Investment Banking Wealth and Investment Management Commercial Banking Revenue is $ in billions. Comparisons in the bullet points are for 3Q26 versus 3Q25, unless otherwise noted. Endnotes are presented starting on page 18. • Consumer primary checking account YoY growth for 14 consecutive quarters • Added ~660k new credit card accounts in the quarter • Auto originations up 15% and average balances up 31% • Premier client assets up 10%1 • Average loans up 19% • Average deposits up 22% • Equity Capital Markets YTD share up 84 bps to 3.9%2 • Announced U.S. M&A deal volume YTD rank of #6; up from #93 • Leveraged Finance YTD share of 7.7% (#3 overall)4 • Client assets up 11% • Average loans up 16% largely driven by securities-based lending • Average deposits up 9% • Average loans up 10% • Average deposits up 16% • Gross investment banking and markets fees from Commercial Banking clients up 25% +5% Revenue +3% Revenue Revenue +12% Revenue +6%

43Q26 Financial Results 3Q26 results Financial Results ROE: 13.8% ROTCE: 16.3%1 Efficiency ratio: 63%2 Credit Quality Capital and Liquidity CET1 ratio: 10.0%5 LCR: 122%6 TLAC ratio: 23.0%7 • Provision for credit losses4 of $1.0 billion – Total net loan charge-offs of $983 million, up $41 million, with net loan charge-offs of 0.38% of average loans (annualized) – Allowance for credit losses for loans of $14.5 billion, up 1% • Common Equity Tier 1 (CET1) capital5 of $134.6 billion • CET1 ratio5 of 10.0% under the Standardized Approach • Liquidity coverage ratio (LCR)6 of 122% • 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% – Noninterest income of $9.4 billion, down 1% • Noninterest expense of $13.7 billion, down 1% • Pre-tax pre-provision profit3 of $8.1 billion, up 7% • Effective income tax rate of 16.4% – Included $170 million of discrete tax benefits related to the resolution of prior period matters • Average loans of $1.0 trillion, up 11% • Average deposits of $1.5 trillion, up 11% Comparisons in the bullet points are for 3Q26 versus 3Q25, unless otherwise noted. Endnotes are presented starting on page 18.

53Q26 Financial Results 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 allowance for credit losses 46 31 (273) 15 319 Provision for credit losses1 1,029 914 681 115 348 Noninterest expense 13,743 13,661 13,846 82 (103) Pre-tax income 7,098 8,047 6,909 (949) 189 Income tax expense 1,161 1,402 1,300 (241) (139) Effective income tax rate (%) 16.4 % 17.4 18.9 (107) bps (251) Net income $5,951 6,407 5,589 ($456) 362 Diluted earnings per common share $1.87 2.00 1.66 ($0.13) 0.21 Diluted average common shares (# mm) 3,051.5 3,074.6 3,223.5 (23) (172) Return on equity (ROE) 13.8 % 15.0 12.8 (123) bps 94 Return on average tangible common equity (ROTCE)2 16.3 17.7 15.2 (146) 109 Efficiency ratio 63 60 65 246 (175) Endnotes are presented starting on page 18.

63Q26 Financial Results Net Interest Income ($ in millions) 11,950 12,331 12,096 12,317 12,517 Net Interest Margin (NIM) on a taxable-equivalent basis 3Q25 4Q25 1Q26 2Q26 3Q26 2.43% Net interest income • 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 repricing, partially offset by the impact of lower interest rates on floating rate assets, as well as higher deposit costs reflecting growth in interest- bearing commercial deposits and a modest decline in noninterest-bearing deposits – Markets NII of $428 million, up $284 million, reflecting the impact of lower interest rates and balance sheet growth • NII up $200 million, or 2%, from 2Q26 – NII excluding Markets2 up $273 million, or 2%, driven by higher loan and investment securities balances, one additional day in the quarter, fixed rate asset repricing, and the impact of higher interest rates on floating rate assets, partially offset by higher deposit costs reflecting a higher mix of interest-bearing deposits • Net interest margin of 2.43%, stable with 2Q26 2.61% 2.60% 2.47% 2.43% 1 Endnotes are presented starting on page 18.

73Q26 Financial Results Loans and deposits • Average loans up $104.7 billion, or 11%, year-over-year (YoY) as higher commercial and industrial loans, auto loans, securities-based loans in Wealth and Investment Management (WIM), and credit card loans were partially offset by lower residential mortgage loans; up $6.9 billion, or 1%, from 2Q26 driven by higher auto loans, securities-based loans in WIM, and credit card loans • Total average loan yield of 5.65%, down 32 bps YoY reflecting the impact of lower interest rates and up 5 bps from 2Q26 and included the impact of higher interest rates Average Loans Outstanding ($ in billions) 928.7 955.8 996.0 1,026.5 1,033.4 552.4 573.3 610.6 636.6 636.7 376.3 382.5 385.4 389.9 396.7 Total Average Loan Yield Consumer Loans Commercial Loans 3Q25 4Q25 1Q26 2Q26 3Q26 5.97% 5.78% 5.62% 5.60% 5.65% Average Deposits ($ in billions) 1,339.9 1,377.7 1,415.0 1,465.6 1,482.9 808.9 807.6 816.6 828.4 825.1 172.0 181.0 185.9 189.5 198.9 204.1 214.5 214.3 234.8 248.1 99.8 105.5 112.1 109.8 108.7 Average Deposit Cost Corporate Wealth and Investment Management (WIM) Corporate and Investment Banking (CIB) Commercial Banking Consumer Banking and Lending 3Q25 4Q25 1Q26 2Q26 3Q26 Period-End Loans Outstanding ($ in billions) 3Q26 vs 2Q26 vs 3Q25 Commercial $647.1 2 % 15 % Consumer 401.0 2 6 Total loans $1,048.1 2 % 11 % • Average deposits up $143.0 billion, or 11%, YoY on growth in customer deposits across all of the operating segments, as well as higher Corporate deposits; up $17.3 billion, or 1%, from 2Q26 • Average deposit cost of 1.56%, up 2 bps YoY; up 5 bps from 2Q26 on higher interest-bearing deposit balances 102.1103.1 86.169.155.1 1.56%1.51%1.43%1.44% 1.54%

83Q26 Financial Results 9,486 8,961 9,350 10,305 9,353 1,030 973 862 1,481 525 1,223 1,149 1,138 1,222 1,274 840 716 796 939 894 1,408 979 1,351 1,393 1,109 1,674 1,684 1,712 1,762 1,835 3,311 3,460 3,491 3,508 3,716 Investment Advisory Fees and Brokerage Commissions Deposit and Lending-related Fees Net Gains from Trading Activities Investment Banking Fees Card Fees All Other 3Q25 4Q25 1Q26 2Q26 3Q26 Noninterest Income ($ in millions) • Noninterest income down $133 million, or 1%, from 3Q25 – Investment advisory fees and brokerage commissions1 up $405 million, or 12%, driven by higher asset-based fees – Deposit and lending-related fees up $161 million, or 10%, driven by higher consumer and commercial deposit service charges – Net gains from trading activities down $299 million, or 21%, reflecting higher revenue in equities more than offset by lower revenue across most fixed income, currencies, and commodities (FICC) products – All other2 down $505 million and reflected lower lease income from the 1Q26 sale of our rail car leasing business, lower net gains from equity securities, and a decrease in mortgage banking fees • Noninterest income down $952 million, or 9%, from 2Q26 – Investment advisory fees and brokerage commissions1 up $208 million, or 6%, driven by higher asset-based fees – Net gains from trading activities down $284 million, or 20%, reflecting lower results across most asset classes – All other2 down $956 million predominantly due to lower net gains from equity securities reflecting strong performance in our venture capital investments in 2Q26 Noninterest income 2 1 Endnotes are presented starting on page 18.

93Q26 Financial Results 13,846 13,726 14,330 13,661 13,743 4,825 4,649 4,737 4,810 4,998 8,725 8,465 9,593 8,851 8,745 Personnel Expense Non-personnel Expense 3Q25 4Q25 1Q26 2Q26 3Q26 Noninterest expense • 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 partially offset by higher revenue-related compensation expense – Non-personnel expense up $173 million, or 4%, predominantly due to higher technology and equipment expense • Noninterest expense up $82 million, or 1%, from 2Q26 as higher revenue-related compensation expense and higher professional and outside services expense were partially offset by the impact of efficiency initiatives Noninterest Expense ($ in millions) Headcount (Period-end, '000s) 3Q25 4Q25 1Q26 2Q26 3Q26 211 205 201 197 194 Endnotes are presented starting on page 18. 1 612 1 1 2961 $13.8 $13.7 Revenue-related Expenses Non-revenue Related Expenses 3Q25 3Q26 (1)% (4)% 15% Noninterest expense ($ in billions)• 1% YoY decrease in noninterest expense driven by a 4% decline in non-revenue related expenses, partially offset by a 15% increase in revenue-related expenses

103Q26 Financial Results • Commercial net loan charge-offs up $125 million to 18 bps of average loans (annualized) on higher commercial real estate (CRE) and commercial and industrial net loan charge-offs • Consumer net loan charge-offs decreased $18 million to 70 bps of average loans (annualized) on lower credit card net loan charge-offs, partially offset by higher auto net loan charge-offs • Nonperforming assets of $7.4 billion, or 0.70% of total loans, down $585 million, driven by lower CRE nonaccrual loans, partially offset by higher commercial and industrial nonaccrual loans 681 1,040 1,135 914 1,029 942 1,046 1,100 876 983 Provision for Credit Losses Net Loan Charge-offs Net Loan Charge-off Ratio 3Q25 4Q25 1Q26 2Q26 3Q26 Credit quality Provision for Credit Losses1 and Net Loan Charge-offs ($ in millions) Comparisons in the bullet points are for 3Q26 versus 2Q26, unless otherwise noted. Endnotes are presented starting on page 18. 0.40% 0.43% 0.34% 0.45% 1 0.38% 14,311 14,337 14,374 14,407 14,458 7,552 7,457 7,529 7,395 7,428 6,759 6,880 6,845 7,012 7,030 Commercial Consumer Allowance Coverage for Total Loans 3Q25 4Q25 1Q26 2Q26 3Q26 Allowance for Credit Losses for Loans ($ in millions) • Allowance for credit losses (ACL) for loans up $51 million on higher allowance for commercial and industrial loans and auto loans reflecting loan growth, partially offset by a lower allowance for CRE office loans – Allowance coverage for total loans down 14 bps from 3Q25; down 2 bps from 2Q26 driven by a reduction in the allowance coverage for credit card loans and CRE office loans 1.45%1.52% 1.41% 1.40% 1.38%

113Q26 Financial Results Capital and liquidity 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 impact of higher interest rates reduced the CET1 ratio 38 bps from 2Q26 Capital Return • $2.5 billion in gross common stock repurchases, or 28.6 million shares, in 3Q26; period-end common shares outstanding down 147.3 million, or 5%, from 3Q25 • 3Q26 common stock dividend increased to $0.50 per share, up from $0.45 per share in 2Q26; $1.5 billion in common stock dividends paid in 3Q26 Total Loss Absorbing Capacity (TLAC) • As of September 30, 2026, our TLAC as a percentage of total risk-weighted assets3 was 23.0% compared with the required minimum of 21.5% Liquidity Position • Strong liquidity position with a 3Q26 LCR4 of 122%, which remained above the regulatory minimum of 100% 11.0% 10.6% 10.3% 10.3% 10.0% 3Q25 4Q25 1Q26 2Q26 3Q26 Estimated 8.5% Regulatory Minimum and Buffers2 Common Equity Tier 1 Ratio under the Standardized Approach1 Endnotes are presented starting on page 18.

123Q26 Financial Results • Total revenue up 5% YoY and up 4% from 2Q26 – CSBB up 7% YoY driven by higher deposit balances and wider deposit spreads, as well as higher deposit-related fees, investment advisory fees, and debit card fees on higher volume; up 4% from 2Q26 – Credit Card up 3% YoY and up 6% from 2Q26 reflecting higher NII on higher loan balances and higher card fees – Home Lending down 15% YoY due to lower mortgage servicing income and lower NII on lower loan balances – Auto up 33% YoY and up 7% from 2Q26 on higher loan balances and wider loan spreads • Noninterest expense down 3% YoY driven by lower operating costs and operating losses, as well as the impact of efficiency initiatives, partially offset by higher revenue-related compensation expense; down 2% from 2Q26 on lower advertising expense and operating costs Consumer Banking and Lending (CBL) Summary Financials $ in millions 3Q26 vs. 2Q26 vs. 3Q25 Revenue by line of business: Consumer, Small and Business Banking (CSBB) $7,579 $271 490 Credit Card 1,710 96 47 Home Lending 743 (19) (127) Auto 341 21 85 Personal Lending 283 (1) (11) Total revenue 10,656 368 484 Provision for credit losses 791 (154) 24 Noninterest expense 6,188 (98) (188) Pre-tax income 3,677 620 648 Net income $2,755 $465 485 Selected Metrics and Average Balances $ in billions 3Q26 2Q26 3Q25 Return on allocated capital1 32.4 % 27.1 19.2 Efficiency ratio2 58 61 63 Average loans $342.1 337.8 329.1 Average deposits 825.1 828.4 808.9 Retail bank branches (#, period-end) 4,068 4,079 4,108 Mobile active customers3 (# in mm, period-end) 34.0 33.7 32.5 Other Selected Metrics $ in billions 3Q26 2Q26 3Q25 Debit card purchase volume 4 $144.9 144.8 133.6 Client assets in advisory and brokerage accounts 289 282 262 Average Home Lending loans 197.4 197.9 201.8 Mortgage loan originations 7.8 9.0 7.0 Average Credit Card loans 53.9 52.7 51.1 Credit Card purchase volume4 45.0 44.5 40.3 Credit Card new accounts (# in thousands)4 661 662 707 Average Auto loans $58.8 55.7 44.8 Auto loan originations 10.1 9.7 8.8 Endnotes are presented starting on page 18.

133Q26 Financial Results Commercial Banking (CB) • Total revenue up 6% YoY and up 4% from 2Q26 – Net interest income up 9% YoY and up 4% from 2Q26 on higher deposit and loan balances – Noninterest income up 1% YoY reflecting higher deposit-related fees and higher investment banking and markets fees, partially offset by lower revenue from equity investments • Noninterest expense down 3% YoY due to lower operating losses and the impact of efficiency initiatives • Provision for credit losses increased $201 million YoY reflecting an increase in the allowance for loan losses due to loan growth Summary Financials $ in millions 3Q26 vs. 2Q26 vs. 3Q25 Net interest income $2,134 $87 185 Noninterest income 1,102 31 10 Total revenue 3,236 118 195 Provision for credit losses 240 109 201 Noninterest expense 1,400 (12) (45) Pre-tax income 1,596 21 39 Net income $1,195 $19 33 Selected Metrics 3Q26 2Q26 3Q25 Return on allocated capital 17.3 % 17.2 16.8 Efficiency ratio 43 45 48 Average balances ($ in billions) Loans $240.5 237.1 219.4 Deposits 198.9 189.5 172.0

143Q26 Financial Results Corporate and Investment Banking (CIB) • Total revenue up 3% YoY and down 8% from 2Q26 – Banking revenue up 8% YoY driven by: ◦ Higher Investment Banking revenue reflecting higher investment grade Debt Capital Markets, Equity Capital Markets, and M&A advisory fees, partially offset by lower leveraged finance revenue ◦ Increased Treasury Management and Payments revenue on higher deposit balances ◦ Higher Lending revenue on higher loan balances – Commercial Real Estate revenue down 2% from 2Q26 driven by lower capital markets activity, partially offset by higher net interest income – Markets revenue down 1% YoY; down 17% from strong performance in 2Q26 and reflected lower results across most asset classes • Noninterest expense up 4% YoY driven by higher personnel expense and professional and outside services expense, partially offset by the impact of efficiency initiatives Summary Financials $ in millions 3Q26 vs. 2Q26 vs. 3Q25 Revenue by line of business: Banking: Lending $692 ($32) 45 Treasury Management and Payments 683 22 53 Investment Banking 611 (17) 57 Total Banking 1,986 (27) 155 Commercial Real Estate 1,171 (26) (15) Markets: Fixed Income, Currencies and Commodities (FICC) 1,262 (274) (93) Equities 543 (92) 93 Credit Adjustment (CVA/DVA/FVA) and Other 30 (5) (18) Total Markets 1,835 (371) (18) Other 16 7 7 Total revenue 5,008 (417) 129 Provision for credit losses (18) 163 89 Noninterest expense 2,454 (43) 92 Pre-tax income 2,572 (537) (52) Net income $1,924 ($405) (42) Selected Metrics 3Q26 2Q26 3Q25 Return on allocated capital 15.5 % 19.2 16.8 Efficiency ratio 49 46 48 Average Balances ($ in billions) Loans by line of business 3Q26 2Q26 3Q25 Banking $119.3 125.0 92.8 Commercial Real Estate 123.4 123.2 117.1 Markets 110.7 111.2 86.0 Total loans $353.4 359.4 295.9 Deposits 248.1 234.8 204.1 Trading-related assets 402.6 401.5 315.6

153Q26 Financial Results Wealth and Investment Management (WIM) Summary Financials $ in millions 3Q26 vs. 2Q26 vs. 3Q25 Net interest income $950 $31 99 Noninterest income 3,154 181 331 Total revenue 4,104 212 430 Provision for credit losses 16 (1) 30 Noninterest expense 3,286 126 273 Pre-tax income 802 87 127 Net income $603 $66 97 Selected Metrics $ in billions 3Q26 2Q26 3Q25 Return on allocated capital 36.0 % 32.4 29.9 Efficiency ratio 80 81 82 Average loans $95.4 91.1 82.3 Average deposits 108.7 109.8 99.8 WIM client assets $2,450 2,409 2,211 • Total revenue up 12% YoY and up 5% from 2Q26 – Net interest income up 12% YoY driven by higher deposit and loan balances and lower deposit costs – Noninterest income up 12% YoY and up 6% from 2Q26 on higher investment advisory fees driven by an increase in market valuations • Noninterest expense up 9% YoY and up 4% from 2Q26 on higher revenue- related compensation expense, partially offset by the impact of efficiency initiatives

163Q26 Financial Results Corporate • Revenue decreased YoY on lower net interest income due to the impact of lower interest rates on crediting rates to our operating segments and lower noninterest income reflecting lower revenue from our venture capital investments and a decrease in lease income related to the sale of our rail car leasing business • Noninterest expense down YoY due to lower severance expense and lower lease expense associated with the sale of our rail car leasing business Summary Financials $ in millions 3Q26 vs. 2Q26 vs. 3Q25 Net interest income ($725) ($136) (452) Noninterest income 115 (887) (334) Total revenue (610) (1,023) (786) Provision for credit losses — (2) 4 Noninterest expense 415 109 (235) Pre-tax loss (1,025) (1,130) (555) Income tax benefit (484) (278) (311) Less: Net loss from noncontrolling interests (15) (251) (33) Net loss ($526) ($601) (211)

173Q26 Financial Results Outlook Net Interest Income Noninterest Expense • 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 performance will ultimately be determined by a variety of factors, many of which are uncertain, including the absolute level of rates and the shape of the yield curve; deposit balances, mix and pricing; and loan demand • Expect 2026 noninterest expense to be ~$55.7 billion, unchanged from prior guidance

183Q26 Financial Results 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 “Tangible Common Equity” table on page 21. Page 3 – ...driven by growth across all our businesses 1. Represents Consumer, Small and Business Banking client assets in advisory and brokerage accounts. 2. Year-to-date (YTD) market share compared to full year 2025. Source: Dealogic, as of 10/1/2026. 3. YTD rank compared to full year 2025. Source: Dealogic, as of 10/1/2026. 4. YTD market share and rank through September 30, 2026. Source: Dealogic, as of 10/1/2026. Page 4 – 3Q26 results 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 “Tangible Common Equity” table on page 21. 2. The efficiency ratio is noninterest expense divided by total revenue (net interest income and noninterest income). 3. 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. 4. Includes provision for credit losses for loans, debt securities, and other financial assets. 5. The Common Equity Tier 1 (CET1) ratio calculated under the Standardized Approach is our binding CET1 framework. See page 22 for additional information regarding CET1 capital and ratios. CET1 for September 30, 2026, is a preliminary estimate. 6. Liquidity coverage ratio (LCR) represents average high-quality liquid assets divided by average projected net cash outflows, as each is defined under the LCR rule. LCR for September 30, 2026, is a preliminary estimate. 7. Represents total loss absorbing capacity (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. TLAC for September 30, 2026, is a preliminary estimate. Page 5 – 3Q26 earnings 1. Includes provision for credit losses for loans, debt securities, and other financial assets. 2. 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 “Tangible Common Equity” table on page 21.

193Q26 Financial Results 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 reconciliation to a GAAP financial measure, see the “Net Interest Income Excluding Markets” table on page 20. Page 8 – Noninterest income 1. Investment advisory fees and brokerage commissions includes investment advisory and other asset-based fees and commissions and brokerage services fees. 2. All other includes mortgage banking, net gains (losses) from debt securities, net gains (losses) from equity securities, and other. Page 9 – Noninterest expense 1. 4Q25 and 3Q25 total personnel expense of $9.1 billion and $9.0 billion, respectively, included severance expense of $612 million and $296 million, respectively. Page 10 – Credit quality 1. Includes provision for credit losses for loans, debt securities, and other financial assets. Page 11 – Capital and liquidity 1. The Common Equity Tier 1 (CET1) ratio calculated under the Standardized Approach is our binding CET1 framework. See page 22 for additional information regarding CET1 capital and ratios. 3Q26 CET1 is a preliminary estimate. 2. Includes a 4.50% minimum requirement, a stress capital buffer (SCB) of 2.50%, and a G-SIB capital surcharge of 1.50%. 3. Represents total loss absorbing capacity (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. TLAC is a preliminary estimate. 4. Liquidity coverage ratio (LCR) represents average high-quality liquid assets divided by average projected net cash outflows, as each is defined under the LCR rule. 3Q26 LCR is a preliminary estimate. Page 12 – Consumer Banking and Lending (CBL) 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. 3. Mobile active customers is the number of consumer and small business customers who have logged on via a mobile device in the prior 90 days. 4. Reflects combined activity for consumer and small business customers. Endnotes (continued)

203Q26 Financial Results Net Interest Income Excluding Markets Quarter ended Sep 30, 2026 % Change from ($ in millions) Sep 30, 2026 Jun 30, 2026 Mar 31, 2026 Dec 31, 2025 Sep 30, 2025 Jun 30, 2026 Sep 30, 2025 Net interest income $ 12,517 12,317 12,096 12,331 11,950 2 % 5 Markets net interest income 428 501 481 358 144 (15) 197 Net interest income excluding Markets $ 12,089 11,816 11,615 11,973 11,806 2 2 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.

213Q26 Financial Results 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 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. One of these ratios is 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 return on average tangible common equity, which utilizes tangible common equity, is a useful financial measure because it enables management, investors, and others to assess the Company’s use of equity. The table below provides a reconciliation of this non-GAAP financial measure to GAAP financial measures. Quarter ended Nine months ended ($ in millions) Sep 30, 2026 Jun 30, 2026 Mar 31, 2026 Dec 31, 2025 Sep 30, 2025 Sep 30, 2026 Sep 30, 2025 Return on average tangible common equity: Net income applicable to common stock (A) $5,703 6,160 5,000 5,114 5,341 $16,863 15,171 Average total equity 182,469 181,910 183,693 183,844 183,428 182,686 183,351 Adjustments: Preferred stock (16,165) (15,348) (16,333) (16,608) (16,608) (15,948) (17,824) Additional paid-in capital on preferred stock 141 139 140 141 141 140 143 Noncontrolling interests (2,128) (1,972) (1,915) (1,879) (1,850) (2,006) (1,854) Average common stockholders’ equity (B) 164,317 164,729 165,585 165,498 165,111 164,872 163,816 Adjustments: Goodwill (24,965) (24,966) (24,967) (25,055) (25,070) (24,966) (25,092) Certain identifiable intangible assets (other than MSRs) (716) (748) (788) (847) (889) (751) (610) Goodwill and other intangibles on venture capital investments in consolidated portfolio companies (included in other assets) (649) (704) (705) (698) (674) (686) (694) Applicable deferred taxes related to goodwill and other intangible assets1 1,065 1,065 1,063 1,063 1,061 1,064 1,001 Average tangible common equity (C) $139,052 139,376 140,188 139,961 139,539 $139,533 138,421 Return on average common stockholders’ equity (ROE) (annualized) (A)/(B) 13.8 % 15.0 12.2 12.3 12.8 13.7 % 12.4 Return on average tangible common equity (ROTCE) (annualized) (A)/(C) 16.3 17.7 14.5 14.5 15.2 16.2 14.7 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.

223Q26 Financial Results 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. Common Equity Tier 1 under Basel III Wells Fargo & Company and Subsidiaries RISK-BASED CAPITAL RATIOS UNDER BASEL III1 Estimated ($ in billions) Sep 30, 2026 Jun 30, 2026 Mar 31, 2026 Dec 31, 2025 Sep 30, 2025 Total equity $177.9 182.3 180.3 183.0 183.0 Adjustments: Preferred stock (17.1) (15.3) (15.3) (16.6) (16.6) Additional paid-in capital on preferred stock 0.1 0.1 0.1 0.1 0.2 Noncontrolling interests (2.1) (2.1) (1.9) (1.8) (1.9) Total common stockholders' equity 158.8 165.0 163.2 164.7 164.7 Adjustments: Goodwill (25.0) (25.0) (25.0) (25.0) (25.1) Certain identifiable intangible assets (other than MSRs) (0.7) (0.7) (0.8) (0.8) (0.9) Goodwill and other intangibles on venture capital investments in consolidated portfolio companies (included in other assets) (0.8) (0.6) (0.7) (0.7) (0.7) Applicable deferred taxes related to goodwill and other intangible assets2 1.1 1.1 1.1 1.1 1.1 Other 1.2 (2.1) (2.4) (2.0) (2.5) Common Equity Tier 1 (A) $134.6 137.7 135.4 137.3 136.6 Total risk-weighted assets (RWAs) under the Standardized Approach (B) 1,339.8 1,342.3 1,316.0 1,294.6 1,242.4 Total RWAs under the Advanced Approach (C) 1,140.8 1,140.2 1,121.0 1,112.5 1,072.2 Common Equity Tier 1 to total RWAs under the Standardized Approach (A)/(B) 10.0 % 10.3 10.3 10.6 11.0 Common Equity Tier 1 to total RWAs under the Advanced Approach (A)/(C) 11.8 12.1 12.1 12.4 12.7

233Q26 Financial Results 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 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. This document contains forward-looking statements. In addition, we may make forward-looking statements in our other documents filed or furnished with the Securities and Exchange Commission, and our management may make forward-looking statements orally to analysts, investors, representatives of the media and others. Forward-looking statements can be identified by words such as “anticipates,” “intends,” “plans,” “seeks,” “believes,” “estimates,” “expects,” “target,” “projects,” “outlook,” “forecast,” “will,” “may,” “could,” “should,” “can” and similar references to future periods. In particular, forward-looking statements include, but are not limited to, statements we make about: (i) the future operating or financial performance of the Company or any of its businesses, including our outlook for future growth; (ii) our expectations regarding noninterest expense and our efficiency ratio; (iii) future credit quality and performance, including our expectations regarding future loan losses, our allowance for credit losses, and the economic scenarios considered to develop the allowance; (iv) our expectations regarding net interest income and net interest margin; (v) loan growth or the reduction or mitigation of risk in our loan portfolios; (vi) future capital or liquidity levels, ratios or targets; (vii) the expected outcome and impact of legal, regulatory and legislative developments, as well as our expectations regarding compliance therewith; (viii) future common stock dividends, common share repurchases and other uses of capital; (ix) our targeted range for return on assets, return on equity, and return on tangible common equity; (x) expectations regarding our effective income tax rate; (xi) the outcome of contingencies, such as legal actions; (xii) sustainability and governance related goals or commitments; and (xiii) the Company’s plans, objectives and strategies. Forward-looking statements are not based on historical facts but instead represent our current expectations and assumptions regarding our business, the economy and other future conditions. Investors are urged to not unduly rely on forward-looking statements as actual results may differ materially from expectations. Forward-looking statements speak only as of the date made, and we do not undertake to update them to reflect changes or events that occur after that date. For additional information about factors that could cause actual results to differ materially from our expectations, refer to the “Forward-Looking Statements” discussion in Wells Fargo’s press release announcing our third quarter 2026 results and in our most recent Quarterly Report on Form 10-Q, as well as to Wells Fargo’s other reports filed with the Securities and Exchange Commission, including the discussion under “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2025.


Title of Each Class	Trading Symbol	Name of Each Exchange on Which Registered
Common Stock, par value $1-2/3	WFC	New York Stock Exchange (NYSE)
7.5% Non-Cumulative Perpetual Convertible Class A Preferred Stock, Series L	WFC.PRL	NYSE
Depositary Shares, each representing a 1/1000th interest in a share of Non-Cumulative Perpetual Class A Preferred Stock, Series Y	WFC.PRY	NYSE
Depositary Shares, each representing a 1/1000th interest in a share of Non-Cumulative Perpetual Class A Preferred Stock, Series Z	WFC.PRZ	NYSE
Depositary Shares, each representing a 1/1000th interest in a share of Non-Cumulative Perpetual Class A Preferred Stock, Series AA	WFC.PRA	NYSE
Depositary Shares, each representing a 1/1000th interest in a share of Non-Cumulative Perpetual Class A Preferred Stock, Series CC	WFC.PRC	NYSE
Depositary Shares, each representing a 1/1000th interest in a share of Non-Cumulative Perpetual Class A Preferred Stock, Series DD	WFC.PRD	NYSE
Guarantee of Medium-Term Notes, Series A, due October 30, 2028 of Wells Fargo Finance LLC	WFC/28A	NYSE


Exhibit No.	Description	Location
99.1	News Release dated October 13, 2026	Filed herewith
99.2	3Q26 Quarterly Supplement	Filed herewith
99.3	Presentation Materials - 3Q26 Financial Results	Furnished herewith
104	Cover Page Interactive Data File	Embedded within the Inline XBRL document


Dated:	October 13, 2026	WELLS FARGO & COMPANY

		By:	/s/ MUNEERA S. CARR
			Muneera S. Carr
			Executive Vice President, Chief Accounting Officer and Controller