Wells Fargo & Company Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Interest Income on Loans	54,737	57,895	57,155	38,228	29,499
Interest Income on Investments	32,577	32,882	27,963	15,796	10,195
Total Interest Income	87,314	90,777	85,118	54,024	39,694
Interest Paid on Deposits	20,449	24,282	16,503	2,349	388
Interest Paid on Borrowings	19,381	18,819	16,240	6,725	3,527
Total Interest Expense	39,830	43,101	32,743	9,074	3,915
Net Interest Income	47,484	47,676	52,375	44,950	35,779
Net Interest Income Growth (YoY)	-0.40%	-8.97%	16.52%	25.63%	-10.45%
Trust Income	10,498	9,775	8,670	9,004	11,011
Mortgage Banking Activities	1,152	1,047	829	1,383	4,956
Income From Trading Activities	5,247	5,516	4,448	1,461	7,264
Other Non-Interest Income	12,705	11,767	10,135	10,857	13,236
Total Non-Interest Income	36,215	34,620	30,222	29,418	43,387
Non-Interest Income Growth (YoY)	4.61%	14.55%	2.73%	-32.20%	26.33%
Revenues Before Loan Losses	83,699	82,296	82,597	74,368	79,166
Provision for Loan Losses	3,658	4,334	5,399	1,534	-4,155
Revenue	80,041	77,962	77,198	72,834	83,321
Revenue Growth (YoY)	2.67%	0.99%	5.99%	-12.59%	38.47%
Salaries and Employee Benefits	34,805	34,448	34,707	33,362	34,536
Occupancy Expenses	1,912	1,810	1,626	1,582	1,631
Selling, General & Administrative	13,552	12,582	12,197	11,345	11,892
Other Non-Interest Expense	4,844	5,515	5,132	7,608	5,282
Total Non-Interest Expense	55,113	54,355	53,662	53,897	53,341
EBT Excluding Unusual Items	24,928	23,607	23,536	18,937	29,980
Legal Settlements	-	-	-	-3,308	-341
Other Unusual Items	271	-243	-1,900	-	-
Pretax Income	25,199	23,364	21,636	15,629	29,563
Income Tax Expense	3,841	3,399	2,607	2,251	5,764
Earnings From Continuing Operations	21,358	19,965	19,029	13,378	23,799
Minority Interest in Earnings	-20	-243	113	299	-1,690
Net Income	21,338	19,722	19,142	13,677	22,109
Preferred Dividends & Other Adjustments	1,053	1,116	1,160	1,115	1,291
Net Income to Common	20,285	18,606	17,982	12,562	20,818
Net Income Growth	8.19%	3.03%	39.96%	-38.14%	554.69%
Basic Shares Outstanding	3,202	3,426	3,688	3,805	4,062
Diluted Shares Outstanding	3,242	3,468	3,720	3,837	4,096
Shares Change (YoY)	-6.50%	-6.79%	-3.04%	-6.33%	-0.92%
EPS (Basic)	6.34	5.43	4.88	3.30	5.13
EPS (Diluted)	6.26	5.37	4.83	3.27	5.08
EPS Growth	16.57%	11.18%	47.71%	-35.63%	1081.39%
Dividend Per Share	1.700	1.500	1.300	1.100	0.600
Dividend Growth	13.33%	15.38%	18.18%	83.33%	-50.82%
Effective Tax Rate	15.24%	14.55%	12.05%	14.40%	19.50%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.