Wells Fargo & Company (WFC) SEC Filings & Earnings Calls
EquiReason read 27 Wells Fargo & Company SEC filings in the last 12 months. Latest: 8-K on 2026-10-13 — Wells Fargo reported Q3 2026 earnings: revenue $21.87B (-3% QoQ, +2% YoY), net income $5.951B (-7% QoQ, +6% YoY), diluted EPS $1.87 (-6% QoQ, +13% YoY). Net interest margin stable .
Source: SEC EDGAR filings · figures as of 2026-06-30 · read by EquiReason
- Market cap
- 249.1B
- P/E TTM
- 12.0
- Dividend yield
- 2.2%
- 52-week
- —
- Next earnings
- 14 Jan, in 82 days
Every filing, read
last 12 months · SECWhat happened, the numbers inside, guidance and risks. The original is one click away.
13 Oct 20268-K · 2.02, 7.01Wells Fargo reported Q3 2026 earnings: revenue $21.87B (-3% QoQ, +2% YoY), net income $5.951B (-7% QoQ, +6% YoY), diluted EPS $1.87 (-6% QoQ, +13% YoY). Net interest margin stable at 2.43%, efficiency ratio 63%, average deposit cost 1.56%.earningsopen
Figures in the filing · each found in the filing text
| Total revenue · Q3-2026 | $21.87B | +2% y/y |
| Wells Fargo net income · Q3-2026 | $5.95B | +6% y/y |
| Diluted earnings per common share · Q3-2026 | $1.87 | +13% y/y |
| Net interest margin on a taxable-equivalent basis · Q3-2026 | 2.4% | |
| Efficiency ratio · Q3-2026 | 63.0% | |
| Average deposit cost · Q3-2026 | 1.6% | |
| Return on average assets (ROA) · Q3-2026 | 1.1% | |
| Return on average equity (ROE) · Q3-2026 | 13.8% | |
| Return on average tangible common equity (ROTCE) · Q3-2026 | 16.3% | |
| Tangible book value per common share · Q3-2026 | $44.46 | +1% y/y |
Risks flagged
Provision for credit losses increased 51% YoY, signaling potential credit deterioration.
“Provision for credit losses $1,029M (Q3 2026) vs $681M (Q3 2025), +51% YoY.”
Net interest margin declining YoY (2.43% vs 2.61%) due to deposit cost pressure and loan yield lag.
“Net interest margin 2.43% (Q3 2026) vs 2.61% (Q3 2025); average deposit cost 1.56% vs 1.54%.”
25 Sep 2026SC 13D/AWells Fargo filed an amendment to Schedule 13D to report a redemption of 500 MFP Shares by the issuer, reducing its beneficial ownership.open
Figures in the filing · each found in the filing text
| Beneficial Ownership Percentage · 2026-09-23 | 11.8% | |
| Shares Beneficially Owned · 2026-09-23 | 1,738 |
23 Sep 20268-K · 5.02Wells Fargo appoints Scott E. Powell as Chief Risk Officer effective Jan 15, 2027; he will cease to be COO. Internal role shift, no immediate financial impact.open
Risks flagged
Leadership transition in risk and operations could cause temporary uncertainty, but internal appointment mitigates disruption.
“COO role vacated; CRO role filled internally.”
28 Jul 202610-QWells Fargo reported Q2 2026 net income of $6,407 million, up from $5,494 million in Q2 2025, driven by higher revenue and lower provision.earningsopen
Figures in the filing · each found in the filing text
| Total revenue · Q2-2026 | $22.62B | +9% y/y |
| Net income applicable to common stock · Q2-2026 | $6.16B | +18% y/y |
| Diluted earnings per common share · Q2-2026 | $2.00 | +25% y/y |
| Net interest income · Q2-2026 | $12.32B | +5% y/y |
| Provision for credit losses · Q2-2026 | $914M | -9% y/y |
| Total loans · Q2-2026 | $1031.12B | +5% y/y |
| Total deposits · Q2-2026 | $1501.40B | +5% y/y |
| Net loan charge-offs (annualized) as a percentage of average total loans · Q2-2026 | 0.3% | |
| Allowance for loan losses as a percentage of total loans · Q2-2026 | 1.4% | |
| Investment banking fees · Q2-2026 | $939M | +35% y/y |
Risks flagged
Interest rate sensitivity
“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.” · word for word
Credit risk
“Current and future economic and market conditions, including the effects of declines in housing prices, high unemployment rates, declines in commercial real estate prices.” · word for word
14 Jul 20268-K · 2.02, 7.01WFC Q2 2026 earnings: revenue $22.62B (+9% YoY), net income $6.41B (+17% YoY), EPS $2.00 (+25% YoY). PTPP +20% YoY. NIM 2.43% vs 2.68% prior year. Efficiency ratio improved to 60% from 64%. ROE 15.0% vs 12.8% prior year. Average loans +12%earningsopen
Figures in the filing · each found in the filing text
| Total revenue · Q2-2026 | $22.62B | +9% y/y |
| Wells Fargo net income · Q2-2026 | $6.41B | +17% y/y |
| Diluted earnings per common share · Q2-2026 | $2.00 | +25% y/y |
| Net interest margin on a taxable-equivalent basis · Q2-2026 | 2.4% | |
| Efficiency ratio · Q2-2026 | 60.0% | |
| Return on average assets (ROA) · Q2-2026 | 1.1% | |
| Return on average equity (ROE) · Q2-2026 | 15.0% | |
| Return on average tangible common equity (ROTCE) · Q2-2026 | 17.7% | |
| Average deposit cost · Q2-2026 | 1.5% | |
| Average loans · Q2-2026 | $1026.48B | +12% y/y |
Risks flagged
Net interest margin compression continues, down 25bp YoY, reflecting deposit cost pressure and rate environment
“Net interest margin 2.43% vs 2.68% prior year”
Provision for credit losses increased 6% YoY in H1 2026, signaling potential credit normalization
“Provision for credit losses $2,049M vs $1,937M prior year H1”
29 Apr 202610-QWells Fargo reported Q1 2026 earnings with net income up 7.3% YoY, driven by revenue growth and capital return, while credit provisions increased.earningsopen
Figures in the filing · each found in the filing text
| Total revenue · Q1-2026 | $21.45B | +6% y/y |
| Net interest income · Q1-2026 | $12.10B | +5% y/y |
| Wells Fargo net income · Q1-2026 | $5.25B | +7% y/y |
| Diluted EPS · Q1-2026 | $1.60 | +15% y/y |
| Provision for credit losses · Q1-2026 | $1.14B | +22% y/y |
| Net loan charge-offs · Q1-2026 | $1.10B | +9% y/y |
| Common stock repurchases · Q1-2026 | $4.02B | +14% y/y |
Risks flagged
Credit quality deterioration
“Provision for credit losses increased 21.8% YoY; net loan charge-offs increased 9.0% YoY, driven by commercial and industrial portfolio.”
Interest rate sensitivity
“Net unrealized losses on AFS debt securities increased to $3.5 billion from $2.2 billion at year-end 2025, reflecting rate sensitivity.”
29 Apr 2026SC 13D/AWells Fargo & Company filed an amendment to Schedule 13D disclosing that it ceased to be a beneficial owner of more than five percent of the VRDP Shares of Nuveen Pennsylvania Quality Municipal Income Fund following a reorganization.open
Figures in the filing · each found in the filing text
| Beneficial Ownership Percentage · 2026-04-27 | 0.0% | |
| Shares Beneficially Owned · 2026-04-27 | 0 |
29 Apr 2026SC 13D/AWells Fargo & Company filed an amendment to Schedule 13D disclosing a 76.84% beneficial ownership stake in Nuveen Municipal High Income Opportunity Fund preferred shares, resulting from a reorganization exchange of VRDP shares from other Nuopen
Figures in the filing · each found in the filing text
| Beneficial Ownership Percentage · 2026-04-27 | 76.8% | |
| Shares Beneficially Owned · 2026-04-27 | 6,204 |
14 Apr 20268-K · 2.02, 7.01Total revenue $21.45B (+6% y/y); Net income applicable to common stock $5.00B (+8% y/y); Diluted earnings per common share $1.60 (+15% y/y)earningsopen
Figures in the filing · each found in the filing text
| Total revenue · Q1-2026 | $21.45B | +6% y/y |
| Net income applicable to common stock · Q1-2026 | $5.00B | +8% y/y |
| Diluted earnings per common share · Q1-2026 | $1.60 | +15% y/y |
| Average loans · Q1-2026 | $996.02B | +10% y/y |
| Average deposits · Q1-2026 | $1415.03B | +6% y/y |
| Net interest margin (taxable-equivalent) · Q1-2026 | 2.5% | |
| Efficiency ratio · Q1-2026 | 67.0% | |
| Provision for credit losses · Q1-2026 | $1.14B | +22% y/y |
| Tangible common equity · Q1-2026 | $137.82B | 0% y/y |
| Return on average tangible common equity (ROTCE) · Q1-2026 | 14.5% |
Risks flagged
Provision for credit losses increased 22% YoY, indicating potential credit quality deterioration.
“Provision for credit losses $1,135M vs $932M prior year, +22%”
Net interest margin compressed 20bps YoY, reflecting rate environment pressure.
“Net interest margin 2.47% vs 2.67% prior year”
18 Mar 2026DEF 14ADEF 14A proxy statement disclosing executive compensation, governance, and shareholder proposals for the 2026 annual meeting.open
Figures in the filing · each found in the filing text
| Revenue · FY2025 | $83.70B | |
| Net Income · FY2025 | $21.30B | |
| Diluted EPS · FY2025 | $6.26 | +17% y/y |
| Return on Equity (ROE) · FY2025 | 12.4% | |
| Return on Tangible Common Equity (ROTCE) · FY2025 | 15.0% | |
| Pre-Tax Pre-Provision Profit · FY2025 | $28.90B | |
| Total Shareholder Return (TSR) - 1 Year · FY2025 | 26.0% | |
| Total Shareholder Return (TSR) - 3 Year · FY2025 | 128.0% | |
| Total Shareholder Return (TSR) - 5 Year · FY2025 | 224.0% | |
| Common Stock Repurchases · FY2025 | $18.00B |
Guidance
New medium-term ROTCE target of 17-18% (from prior 15%)
Company raised its medium-term ROTCE target to 17-18% from 15%, indicating confidence in continued profitability improvement.
Risks flagged
Regulatory risk from remaining consent orders
“Successfully closed 14 regulatory orders since 2019 including eight terminated in 2025 and early 2026” · word for word
CEO succession risk
“The HRC concluded that a special equity award (CEO Special Award) would best achieve these objectives and recommended the final design and amount to the independent directors of the Board for approval in July 2025.” · word for word
Interest rate risk
“Proactively managed interest rate risk as market conditions shifted, supporting disciplined execution of Finance's risk responsibilities” · word for word
29 Jan 20268-K · 8.01Net income $21.30B; Diluted EPS growth 17; Return on equity (ROE) 12.4open
Figures in the filing · each found in the filing text
| Net income · FY2025 | $21.30B | |
| Diluted EPS growth · FY2025 | 17.0% | |
| Return on equity (ROE) · FY2025 | 12.4% | |
| Capital returned to shareholders · FY2025 | $23.00B | |
| Common stock repurchases · FY2025 | $18.00B | |
| CEO total compensation · FY2025 | $40M |
Risks flagged
Regulatory risk reduced but still present; ongoing compliance costs.
“closing 7 regulatory consent orders, the removal of the asset cap by the Federal Reserve, and enhancing our risk and control infrastructure” · word for word
22 Jan 20268-K · 8.01Disclosed a material event under other events (litigation, recall, contract loss, or major announcement); filed financial statements and exhibits with this reportopen
Risks flagged
Litigation liability pressure from derivative lawsuit settlement; potential financial and reputational impact.
“Proposed settlement of shareholder derivative litigation related to home mortgage lending and hiring practices.” · word for word
14 Jan 20268-K · 2.02, 7.01Total revenue $21.29B (+4% y/y); Net income $5.36B (+6% y/y); Diluted EPS $1.62 (+13% y/y)earningsopen
Figures in the filing · each found in the filing text
| Total revenue · Q4-2025 | $21.29B | +4% y/y |
| Net income · Q4-2025 | $5.36B | +6% y/y |
| Diluted EPS · Q4-2025 | $1.62 | +13% y/y |
| Noninterest expense · Q4-2025 | $13.73B | -1% y/y |
| Pre-tax pre-provision profit · Q4-2025 | $7.57B | +17% y/y |
| Provision for credit losses · Q4-2025 | $1.04B | -5% y/y |
| Net interest margin · Q4-2025 | 2.6% | |
| Efficiency ratio · Q4-2025 | 64.0% | |
| Return on average tangible common equity · Q4-2025 | 14.5% | |
| Average loans · Q4-2025 | $955.85B | +5% y/y |
Risks flagged
Credit loss provision increased QoQ
“Provision for credit losses $1,040M, up 53% from Q3 2025, indicating potential credit deterioration.”
Net interest margin compression
“Net interest margin declined from 2.70% in Q4 2024 to 2.60% in Q4 2025.”
31 Oct 202510-QWells Fargo reported Q3 2025 results with revenue up 5% YoY, net income up 9%, and improved credit quality.earningsopen
Figures in the filing · each found in the filing text
| Total revenue · Q3-2025 | $21.44B | +5% y/y |
| Net interest income · Q3-2025 | $11.95B | +2% y/y |
| Provision for credit losses · Q3-2025 | $681M | -36% y/y |
| Wells Fargo net income · Q3-2025 | $5.59B | +9% y/y |
| Investment banking fees · Corporate and Investment Banking · Q3-2025 | $840M | +25% y/y |
| Diluted earnings per common share · Q3-2025 | $1.66 | +17% y/y |
| Common stock repurchases · 9M-2025 | $12.52B | -19% y/y |
Risks flagged
Regulatory and legal risk
“Risk Factors section references legal, regulatory and legislative developments as potential risks.”
Interest rate sensitivity
“Forward-looking statements note the effect of changes in interest rates on net interest income and net interest margin.”
Wells Fargo & Company — questions
- What did Wells Fargo & Company file recently?
- 27 SEC filings in the last 12 months. Latest: 8-K on 2026-10-13 — Wells Fargo reported Q3 2026 earnings: revenue $21.87B (-3% QoQ, +2% YoY), net income $5.951B (-7% QoQ, +6% YoY), diluted EPS $1.87 (-6% QoQ, +13% YoY). Net interest margin stable at 2.43%, efficiency ratio 63%, average deposit cost 1.56%.
Every figure on this page comes from Wells Fargo & Company's own SEC filings — see them on SEC EDGAR. Price data is licensed and shown only inside the product.
How these figures are read: methodology · EquiReason.