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WFC

WELLS FARGO & COMPANY/MNeval run
10-K for period ending 2025-12-31gpt-6-luna@none · prompt v4$0.00072.8s10/10 correct vs SECfiling on sec.gov ↗

figures

fieldvaluestatement rowprintedSEC
Total revenue$83.7BR30 Total revenue83,699 millions$83.7B ✓
Operating income-not printed on this statement--
Net income attributable to the company$21.3BR44 Wells Fargo net income21,338 millions$21.3B ✓
Diluted EPS$6.26R49 Diluted earnings per common share6.26$6.26 ✓
Cash and cash equivalents$39.2BR4 Cash and due from banks39,182 millions$39.2B ✓
Total assets$2.15TR17 Total assets (2)2,148,631 millions$2.15T ✓
Total liabilities$1.97TR27 Total liabilities (3)1,965,593 millions$1.97T ✓
Total shareholders' equity attributable to the company$181.1BR36 Total Wells Fargo stockholders’ equity181,117 millions$181.1B ✓
Net cash from operating activities-$19.0BR18 Net cash provided (used) by operating activities(19,001) millions-$19.0B ✓
Net cash from investing activities-$187.9BR37 Net cash provided (used) by investing activities(187,895) millions-$187.9B ✓
Net cash from financing activities$177.6BR54 Net cash provided (used) by financing activities177,587 millions$177.6B ✓

checks

  • assets = liabilities + equity · total assets equals total liabilities and equity
  • equity excludes minority interests · totalEquity excludes noncontrolling interests
  • net income is before preferred dividends · net income is not the after-preferred-dividends line
  • diluted EPS is for total net income · diluted EPS is for total net income
  • net income excludes minority interests · netIncome excludes noncontrolling interests
  • cash flows tie to the change in cash · operating + investing + financing (+ FX) equals the net change in cash

trace

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Income statement

table #179 · current period is figure column 1
0Wells Fargo & Company and Subsidiaries
1Consolidated Statement of Income
2Year ended December 31,
3(in millions, except per share amounts)202520242023
4Interest income
5Interest-earning deposits with banks (1)5,7579,1826,973
6Federal funds sold and securities borrowed or purchased under resale agreements (1)5,0464,0213,374
7Trading assets (1)6,6985,5414,228
8Available-for-sale and held-to-maturity debt securities (1)13,97513,00112,320
9Loans54,73757,89557,155
10Other interest income (1)1,1011,1371,068
11Total interest income87,31490,77785,118
12Interest expense
13Deposits20,44924,28216,503
14Federal funds purchased and securities loaned or sold under repurchase agreements (1)6,9074,7663,313
15Trading liabilities (1)1,042820643
16Long-term debt10,26812,46311,572
17Other interest expense (1)1,164770712
18Total interest expense39,83043,10132,743
19Net interest income47,48447,67652,375
20Noninterest income
21Deposit and lending-related fees6,6136,5156,140
22Investment advisory and other asset-based fees10,4989,7758,670
23Commissions and brokerage services fees2,5562,5212,375
24Investment banking fees3,0272,6651,649
25Card fees4,5894,3424,256
26Mortgage banking1,1521,047829
27Net gains from trading and securities (1)5,2475,5164,448
28Other (1)2,5332,2391,855
29Total noninterest income36,21534,62030,222
30Total revenue← Total revenue83,69982,29682,597
31Provision for credit losses3,6584,3345,399
32Noninterest expense
33Personnel36,28135,72935,829
34Technology, telecommunications and equipment5,2034,5833,920
35Occupancy3,1513,0522,884
36Professional and outside services4,5404,6075,085
37Advertising and promotion1,094869812
38Other (2)4,5735,7587,032
39Total noninterest expense54,84254,59855,562
40Income before income tax expense25,19923,36421,636
41Income tax expense3,8413,3992,607
42Net income before noncontrolling interests21,35819,96519,029
43Less: Net income (loss) from noncontrolling interests20243(113)
44Wells Fargo net income← Net income attributable to the company21,33819,72219,142
45Less: Preferred stock dividends and other1,0531,1161,160
46Wells Fargo net income applicable to common stock20,28518,60617,982
47Per share information
48Earnings per common share6.345.434.88
49Diluted earnings per common share← Diluted EPS6.265.374.83
50Average common shares outstanding3,201.83,426.13,688.3
51Diluted average common shares outstanding3,242.33,467.63,720.4

Balance sheet

table #183 · current period is figure column 1
0Wells Fargo & Company and Subsidiaries
1Consolidated Balance Sheet
2(in millions, except shares)Dec 31,2025Dec 31,2024
3Assets
4Cash and due from banks← Cash and cash equivalents39,18237,080
5Interest-earning deposits with banks135,028166,281
6Federal funds sold and securities borrowed or purchased under resale agreements193,929105,330
7Trading assets (includes assets pledged as collateral of $145,519 and $95,916) (1)227,935168,595
8Available-for-sale debt securities (amortized cost of $215,775 and $170,607, and includes assets pledged as collateral of $563 and $3,078)213,573162,978
9Held-to-maturity debt securities (fair value $175,797 and $193,779)208,023234,948
10Loans (includes assets pledged as collateral of $1,161 and $461)986,167912,745
11Allowance for loan losses(13,797)(14,183)
12Net loans972,370898,562
13Premises and equipment, net11,39510,297
14Goodwill24,96725,167
15Equity securities (including $2,008 and $3,052 carried at fair value) (1)40,93241,374
16Other assets (includes $6,996 and $8,404 carried at fair value) (1)81,29779,233
17Total assets (2)← Total assets2,148,6311,929,845
18Liabilities
19Noninterest-bearing deposits365,368383,616
20Interest-bearing deposits (includes $0 and $318 carried at fair value)1,060,839988,188
21Total deposits1,426,2071,371,804
22Federal funds purchased and securities loaned or sold under repurchase agreements (1)232,68795,235
23Short-term borrowings (1)18,3232,704
24Trading liabilities (1)45,46844,813
25Accrued expenses and other liabilities (includes $357 and $318 carried at fair value) (1)68,19661,145
26Long-term debt (includes $7,082 and $3,495 carried at fair value)174,712173,078
27Total liabilities (3)← Total liabilities1,965,5931,748,779
28Equity
29Wells Fargo stockholders’ equity:
30Preferred stock - aggregate liquidation preference of $17,376 and $19,37616,60818,608
31Common stock - $1-2/3 par value, authorized 9,000,000,000 shares; issued 5,481,811,474 shares9,1369,136
32Additional paid-in capital61,28860,817
33Retained earnings228,873214,198
34Accumulated other comprehensive loss(6,673)(12,176)
35Treasury stock, at cost - 2,389,192,624 shares and 2,192,867,645 shares(128,115)(111,463)
36Total Wells Fargo stockholders’ equity← Total shareholders' equity attributable to the company181,117179,120
37Noncontrolling interests1,9211,946
38Total equity183,038181,066
39Total liabilities and equity2,148,6311,929,845

Cash flow statement

table #187 · current period is figure column 1
0Wells Fargo & Company and Subsidiaries
1Consolidated Statement of Cash Flows
2Year ended December 31,
3(in millions)202520242023
4Cash flows from operating activities:
5Net income before noncontrolling interests21,35819,96519,029
6Adjustments to reconcile net income to net cash provided (used) by operating activities:
7Provision for credit losses3,6584,3345,399
8Changes in fair value of MSRs and LHFS carried at fair value387265851
9Depreciation, amortization and accretion7,7137,5586,271
10Deferred income tax benefit(1,870)(911)(50)
11Other, net6,229(1,737)7,149
12Originations and purchases of loans held for sale (1)(48,197)(35,262)(29,973)
13Proceeds from sales of and paydowns on loans originally classified as held for sale (1)43,68230,85226,707
14Net change in:
15Trading assets and liabilities (1)(52,956)(25,294)11,766
16Other assets (1)(4,106)5,669(6,277)
17Other accrued expenses and liabilities (1)5,101(2,404)(514)
18Net cash provided (used) by operating activities← Net cash from operating activities(19,001)3,03540,358
19Cash flows from investing activities:
20Net change in:
21Federal funds sold and securities borrowed or purchased under resale agreements(88,599)(27,022)(12,729)
22Available-for-sale debt securities:
23Proceeds from sales7,17627,90114,651
24Paydowns and maturities20,83734,33114,872
25Purchases(72,125)(95,464)(26,051)
26Held-to-maturity debt securities:
27Paydowns and maturities27,07827,89618,372
28Purchases--(4,225)
29Equity securities:
30Proceeds from sales and capital returns4,5513,8122,244
31Purchases(9,381)(8,363)(5,811)
32Loans:
33Loans originated, net of principal collected(80,727)18,66311,691
34Proceeds from sales of loans originally classified as held for investment3,6673,6314,275
35Purchases of loans(1,655)(843)(1,637)
36Other, net1,283(193)391
37Net cash provided (used) by investing activities← Net cash from investing activities(187,895)(15,651)16,043
38Cash flows from financing activities:
39Net change in:
40Deposits54,50713,631(25,812)
41Federal funds purchased and securities loaned or sold under repurchase agreements (1)137,45217,55947,053
42Short-term borrowings (1)15,6191,151(8,639)
43Long-term debt:
44Proceeds from issuance31,34029,01449,071
45Repayment(34,470)(55,582)(22,886)
46Preferred stock:
47Proceeds from issuance-1,9971,722
48Redeemed(2,000)(2,840)(1,725)
49Cash dividends paid(1,050)(1,099)(1,141)
50Common stock:
51Repurchased(17,516)(19,448)(11,851)
52Cash dividends paid(5,434)(5,133)(4,789)
53Other, net(861)(784)(509)
54Net cash provided (used) by financing activities← Net cash from financing activities177,587(21,534)20,494
55Net change in cash, cash equivalents, and restricted cash(29,309)(34,150)76,895
56Cash, cash equivalents, and restricted cash at beginning of period (2)201,902236,052159,157
57Cash, cash equivalents, and restricted cash at end of period (2)172,593201,902236,052
58Supplemental cash flow disclosures:
59Cash paid for interest39,80643,61930,431
60Significant non-cash activities:
61Transfers from available-for-sale debt securities to held-to-maturity debt securities--3,687
62Transfers from held-to-maturity debt securities to available-for-sale debt securities--23,919
63Reclassification of long-term debt to accrued expenses and other liabilities-4,927-