Form 8-K

8-K — WELLS FARGO & COMPANY/MN

Accession: 0000072971-26-000318

Filed: 2026-10-13

Period: 2026-10-13

CIK: 0000072971

SIC: 6021 (NATIONAL COMMERCIAL BANKS)

Item: Results of Operations and Financial Condition

Item: Regulation FD Disclosure

Item: Financial Statements and Exhibits

Documents

8-K — wfc-20261013.htm (Primary)

EX-99.1 — EXHIBIT 99.1 (wfc3qer10-13x26ex991xrelea.htm)

EX-99.2 — EXHIBIT 99.2 (wfc3qer10-13x26ex992xsuppl.htm)

EX-99.3 — EXHIBIT 99.3 (ex993-wellsfargo3q26pres.htm)

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8-K — FORM 8-K

8-K (Primary)

Filename: wfc-20261013.htm · Sequence: 1

wfc-20261013

WELLS FARGO & COMPANY/MN0000072971falseNYSE00000729712026-10-132026-10-130000072971us-gaap:CommonStockMember2026-10-132026-10-130000072971wfc:A7.5NonCumulativePerpetualConvertibleClassAPreferredStockSeriesLMember2026-10-132026-10-130000072971wfc:NonCumulativePerpetualClassAPreferredStockSeriesYMember2026-10-132026-10-130000072971wfc:NonCumulativePerpetualClassAPreferredStockSeriesZMember2026-10-132026-10-130000072971wfc:NonCumulativePerpetualClassAPreferredStockSeriesAAMember2026-10-132026-10-130000072971wfc:NonCumulativePerpetualClassAPreferredStockSeriesCCMember2026-10-132026-10-130000072971wfc:NonCumulativePerpetualClassAPreferredStockSeriesDDMember2026-10-132026-10-130000072971wfc:GuaranteeofMediumTermNotesSeriesAdueOctober302028ofWellsFargoFinanceLLCMember2026-10-132026-10-13

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (date of earliest event reported): October 13, 2026

WELLS FARGO & COMPANY

(Exact name of registrant as specified in its charter)

Delaware 001-02979 No. 41-0449260

(State or Other Jurisdiction

of Incorporation) (Commission File

Number) (IRS Employer

Identification No.)

Attention: Investor Relations

333 Market Street, MAC: A0109-055

San Francisco, California 94105

(Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code: 415-371-2921

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act (17 CFR 230.405) or Rule 12b-2 of the Exchange Act (17 CFR 240.12b‑2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Item 2.02 Results of Operations and Financial Condition.

On October 13, 2026, Wells Fargo & Company (the “Company”) issued a news release regarding its results of operations and financial condition for the quarter ended September 30, 2026, and posted on its website its 3Q26 Quarterly Supplement, which contains certain additional information about the Company’s financial results for the quarter ended September 30, 2026. The news release is included as Exhibit 99.1 and the 3Q26 Quarterly Supplement is included as Exhibit 99.2 to this report, and each is incorporated by reference into this Item 2.02. The information included in Exhibit 99.1 and Exhibit 99.2 is considered to be “filed” for purposes of Section 18 under the Securities Exchange Act of 1934.

Item 7.01 Regulation FD Disclosure.

On October 13, 2026, the Company intends to host a live conference call that will also be available by webcast to discuss the Company’s third quarter 2026 financial results and other matters relating to the Company. In connection therewith, the Company has posted on its website presentation materials containing certain historical and forward-looking information relating to the Company. The presentation materials are included as Exhibit 99.3 to this report and are incorporated by reference into this Item 7.01. Exhibit 99.3 shall not be considered “filed” for purposes of Section 18 under the Securities Exchange Act of 1934 and shall not be deemed to be incorporated by reference into the filings of the Company under the Securities Act of 1933.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

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

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated:

October 13, 2026

WELLS FARGO & COMPANY

By: /s/ MUNEERA S. CARR

Muneera S. Carr

Executive Vice President,

Chief Accounting Officer and Controller

EX-99.1 — EXHIBIT 99.1

EX-99.1

Filename: wfc3qer10-13x26ex991xrelea.htm · Sequence: 2

Document

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

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%

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

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

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

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

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

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.

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;

•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.

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

EX-99.2 — EXHIBIT 99.2

EX-99.2

Filename: wfc3qer10-13x26ex992xsuppl.htm · Sequence: 3

Document

Exhibit 99.2

3Q26 Quarterly Supplement

Wells Fargo & Company and Subsidiaries

QUARTERLY FINANCIAL DATA

TABLE OF CONTENTS

Page

Consolidated Results

Summary Financial Data

Consolidated Statement of Income

Consolidated Balance Sheet

Average Balances and Interest Rates (Taxable-Equivalent Basis)

Reportable Operating Segment Results

Combined Segment Results

Consumer Banking and Lending

Commercial Banking

Corporate and Investment Banking

Wealth and Investment Management

Corporate

Credit-Related Information

Consolidated Loans Outstanding – Period-End Balances, Average Balances, and Average Interest Rates

Net Loan Charge-offs

Changes in Allowance for Credit Losses for Loans

Allocation of the Allowance for Credit Losses for Loans

Nonperforming Assets (Nonaccrual Loans and Foreclosed Assets)

Commercial Loan Portfolio – Commercial and Industrial Loans and Lease Financing by Industry and Commercial Real Estate Loans by Property Type

Other

Tangible Common Equity

Risk-Based Capital Ratios Under Basel III

Net Interest Income Excluding Markets

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) 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)

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-

EX-99.3 — EXHIBIT 99.3

EX-99.3

Filename: ex993-wellsfargo3q26pres.htm · Sequence: 4

ex993-wellsfargo3q26pres

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.

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