Annual Income Statements for Wells Fargo & Company
This table shows Wells Fargo & Company's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.
Quarterly Income Statements for Wells Fargo & Company
This table shows Wells Fargo & Company's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.
Metric |
|
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Q2 2025 |
Net Income / (Loss) Attributable to Common Shareholders |
|
2,877 |
4,713 |
4,659 |
5,450 |
3,160 |
4,313 |
4,640 |
4,852 |
4,801 |
4,616 |
5,214 |
Consolidated Net Income / (Loss) |
|
3,155 |
4,991 |
4,938 |
5,767 |
3,446 |
4,619 |
4,910 |
5,114 |
5,079 |
4,894 |
5,494 |
Net Income / (Loss) Continuing Operations |
|
2,920 |
4,880 |
4,903 |
5,736 |
3,510 |
4,623 |
4,909 |
5,170 |
5,263 |
4,804 |
5,522 |
Total Pre-Tax Income |
|
2,891 |
5,846 |
5,833 |
6,547 |
3,410 |
5,587 |
6,160 |
6,234 |
5,383 |
5,326 |
6,438 |
Total Revenue |
|
20,034 |
20,729 |
20,533 |
20,857 |
20,478 |
20,863 |
20,689 |
20,366 |
20,378 |
20,149 |
20,822 |
Net Interest Income / (Expense) |
|
13,433 |
13,336 |
13,163 |
13,105 |
12,771 |
12,227 |
11,923 |
11,690 |
11,836 |
11,495 |
11,708 |
Total Interest Income |
|
17,793 |
19,356 |
20,830 |
22,093 |
22,839 |
22,840 |
22,884 |
22,998 |
22,055 |
20,973 |
21,320 |
Loans and Leases Interest Income |
|
12,350 |
13,415 |
14,209 |
14,842 |
15,052 |
14,827 |
14,699 |
14,747 |
14,113 |
13,474 |
13,710 |
Investment Securities Interest Income |
|
3,661 |
3,953 |
4,231 |
4,330 |
4,276 |
4,412 |
4,666 |
4,786 |
4,855 |
4,854 |
5,025 |
Other Interest Income |
|
1,782 |
1,988 |
2,390 |
2,921 |
3,511 |
3,601 |
3,519 |
3,465 |
3,087 |
2,645 |
2,585 |
Total Interest Expense |
|
4,360 |
6,020 |
7,667 |
8,988 |
10,068 |
10,613 |
10,961 |
11,308 |
10,219 |
9,478 |
9,612 |
Deposits Interest Expense |
|
1,595 |
2,761 |
3,805 |
4,608 |
5,329 |
5,811 |
6,149 |
6,445 |
5,877 |
5,209 |
5,061 |
Short-Term Borrowings Interest Expense |
|
- |
570 |
961 |
1,133 |
1,184 |
1,218 |
1,377 |
1,435 |
1,281 |
1,362 |
1,612 |
Long-Term Debt Interest Expense |
|
2,194 |
2,511 |
2,693 |
3,039 |
3,329 |
3,349 |
3,164 |
3,163 |
2,787 |
2,582 |
2,609 |
Other Interest Expense |
|
178 |
178 |
208 |
208 |
226 |
235 |
271 |
265 |
274 |
325 |
330 |
Total Non-Interest Income |
|
6,601 |
7,393 |
7,370 |
7,752 |
7,707 |
8,636 |
8,766 |
8,676 |
8,542 |
8,654 |
9,114 |
Other Service Charges |
|
-6,939 |
232 |
202 |
193 |
202 |
230 |
243 |
280 |
294 |
332 |
230 |
Net Realized & Unrealized Capital Gains on Investments |
|
-181 |
985 |
1,032 |
1,246 |
1,105 |
1,447 |
1,522 |
1,248 |
1,217 |
883 |
1,389 |
Other Non-Interest Income |
|
- |
6,176 |
6,136 |
6,313 |
6,400 |
6,959 |
7,001 |
7,148 |
7,031 |
7,439 |
7,495 |
Provision for Credit Losses |
|
957 |
1,207 |
1,713 |
1,197 |
1,282 |
938 |
1,236 |
1,065 |
1,095 |
932 |
1,005 |
Total Non-Interest Expense |
|
16,186 |
13,676 |
12,987 |
13,113 |
15,786 |
14,338 |
13,293 |
13,067 |
13,900 |
13,891 |
13,379 |
Salaries and Employee Benefits |
|
- |
9,415 |
8,606 |
8,627 |
9,181 |
9,492 |
8,575 |
8,591 |
9,071 |
9,474 |
8,709 |
Net Occupancy & Equipment Expense |
|
1,624 |
1,635 |
1,654 |
1,699 |
1,816 |
1,767 |
1,869 |
1,928 |
2,071 |
1,984 |
2,053 |
Marketing Expense |
|
178 |
154 |
184 |
215 |
259 |
197 |
224 |
205 |
243 |
181 |
266 |
Other Operating Expenses |
|
-3,297 |
2,472 |
2,543 |
2,572 |
4,530 |
2,882 |
2,625 |
2,343 |
2,515 |
2,252 |
2,351 |
Income Tax Expense |
|
-29 |
966 |
930 |
811 |
-100 |
964 |
1,251 |
1,064 |
120 |
522 |
916 |
Other Adjustments to Consolidated Net Income / (Loss) |
|
235 |
111 |
35 |
31 |
-64 |
-4.00 |
1.00 |
-56 |
-184 |
90 |
-28 |
Preferred Stock Dividends Declared |
|
278 |
278 |
279 |
317 |
286 |
306 |
270 |
262 |
278 |
278 |
280 |
Basic Earnings per Share |
|
$0.76 |
$1.24 |
$1.26 |
$1.49 |
$0.89 |
$1.21 |
$1.35 |
$1.43 |
$1.44 |
$1.41 |
$1.61 |
Weighted Average Basic Shares Outstanding |
|
3.81B |
3.79B |
3.70B |
3.65B |
3.69B |
3.56B |
3.45B |
3.38B |
3.43B |
3.28B |
3.23B |
Diluted Earnings per Share |
|
$0.75 |
$1.23 |
$1.25 |
$1.48 |
$0.87 |
$1.20 |
$1.33 |
$1.42 |
$1.42 |
$1.39 |
$1.60 |
Weighted Average Diluted Shares Outstanding |
|
3.84B |
3.82B |
3.72B |
3.68B |
3.72B |
3.60B |
3.49B |
3.43B |
3.47B |
3.32B |
3.27B |
Weighted Average Basic & Diluted Shares Outstanding |
|
3.79B |
3.75B |
1.82B |
3.63B |
3.58B |
3.49B |
3.40B |
3.33B |
3.29B |
3.25B |
3.20B |
Cash Dividends to Common per Share |
|
- |
$0.30 |
$0.30 |
$0.35 |
- |
$0.35 |
$0.35 |
$0.40 |
- |
$0.40 |
$0.40 |
Annual Cash Flow Statements for Wells Fargo & Company
This table details how cash moves in and out of Wells Fargo & Company's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.
Metric |
|
2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Net Change in Cash & Equivalents |
|
-348 |
-460 |
-18,120 |
-5,453 |
-42,660 |
-32,037 |
123,362 |
-30,382 |
-75,073 |
76,895 |
-34,150 |
Net Cash From Operating Activities |
|
17,529 |
15,904 |
1,008 |
18,619 |
36,073 |
6,730 |
2,051 |
-11,525 |
27,048 |
40,358 |
3,035 |
Net Cash From Continuing Operating Activities |
|
17,529 |
15,904 |
1,008 |
18,619 |
36,073 |
6,730 |
2,051 |
-11,525 |
27,048 |
40,358 |
3,035 |
Net Income / (Loss) Continuing Operations |
|
23,608 |
23,276 |
22,045 |
22,460 |
22,876 |
20,206 |
3,662 |
23,799 |
13,378 |
19,029 |
19,965 |
Consolidated Net Income / (Loss) |
|
23,608 |
23,276 |
22,045 |
22,460 |
22,876 |
20,206 |
3,662 |
23,799 |
13,378 |
19,029 |
19,965 |
Provision For Loan Losses |
|
1,395 |
2,442 |
3,770 |
2,528 |
- |
2,687 |
14,129 |
-4,155 |
1,534 |
5,399 |
4,334 |
Depreciation Expense |
|
2,515 |
3,288 |
4,970 |
5,406 |
5,593 |
6,573 |
8,219 |
7,890 |
6,832 |
6,271 |
7,558 |
Non-Cash Adjustments to Reconcile Net Income |
|
-28,143 |
-49,569 |
-82,074 |
-44,871 |
-37,873 |
-44,691 |
-48,024 |
-71,012 |
-25,342 |
4,428 |
-7,640 |
Changes in Operating Assets and Liabilities, net |
|
18,154 |
36,467 |
52,297 |
33,096 |
45,477 |
21,955 |
24,065 |
31,953 |
30,646 |
5,231 |
-21,182 |
Net Cash From Investing Activities |
|
-128,380 |
-107,235 |
-141,919 |
-13,152 |
-7,754 |
-29,631 |
122,554 |
-7,619 |
-42,476 |
16,043 |
-15,651 |
Net Cash From Continuing Investing Activities |
|
-128,380 |
-107,235 |
-141,919 |
-13,152 |
-7,754 |
-29,631 |
122,554 |
-7,619 |
-42,476 |
16,043 |
-15,651 |
Purchase of Investment Securities |
|
-101,504 |
-178,336 |
-226,269 |
-112,122 |
-87,207 |
-94,129 |
-93,788 |
-214,772 |
-49,384 |
-37,333 |
-104,863 |
Sale and/or Maturity of Investments |
|
14,883 |
85,381 |
100,996 |
119,833 |
81,107 |
87,793 |
184,999 |
209,956 |
81,124 |
54,414 |
97,571 |
Net Increase in Fed Funds Sold |
|
-41,778 |
-11,866 |
-15,747 |
-21,497 |
-1,184 |
-21,933 |
36,468 |
-551 |
-704 |
-12,729 |
-27,022 |
Other Investing Activities, net |
|
19 |
-2,414 |
-899 |
634 |
-470 |
-1,362 |
-5,125 |
-2,252 |
-73,512 |
11,691 |
18,663 |
Net Cash From Financing Activities |
|
110,503 |
90,871 |
122,791 |
-10,920 |
-70,979 |
-9,136 |
-1,243 |
-11,238 |
-59,645 |
20,494 |
-21,534 |
Net Cash From Continuing Financing Activities |
|
110,503 |
90,871 |
122,791 |
-10,920 |
-70,979 |
-9,136 |
-1,243 |
-11,238 |
-59,645 |
20,494 |
-21,534 |
Net Change in Deposits |
|
89,133 |
54,867 |
82,767 |
29,912 |
-48,034 |
36,137 |
81,755 |
78,582 |
-98,494 |
-25,812 |
13,631 |
Issuance of Debt |
|
50,189 |
77,040 |
88,913 |
57,595 |
50,126 |
52,106 |
-7,377 |
-23,315 |
70,301 |
87,485 |
47,724 |
Issuance of Preferred Equity |
|
2,775 |
2,972 |
2,101 |
677 |
0.00 |
0.00 |
3,116 |
5,756 |
0.00 |
1,722 |
1,997 |
Repayment of Debt |
|
-15,829 |
-27,333 |
-34,462 |
-80,802 |
-40,813 |
-60,996 |
-65,347 |
-47,134 |
-19,587 |
-22,886 |
-55,582 |
Repurchase of Preferred Equity |
|
- |
- |
0.00 |
0.00 |
-2,150 |
-1,550 |
-3,602 |
-6,675 |
0.00 |
-1,725 |
-2,840 |
Repurchase of Common Equity |
|
-9,414 |
-8,697 |
-8,116 |
-9,908 |
-20,633 |
-24,533 |
-3,415 |
-14,464 |
-6,033 |
-11,851 |
-19,448 |
Payment of Dividends |
|
-8,143 |
-8,826 |
-9,038 |
-9,109 |
-9,314 |
-9,589 |
-6,142 |
-3,627 |
-5,293 |
-5,930 |
-6,232 |
Other Financing Activities, Net |
|
-48 |
-878 |
-789 |
-496 |
-793 |
-711 |
-231 |
-361 |
-539 |
-509 |
-784 |
Cash Interest Paid |
|
3,906 |
3,816 |
5,573 |
9,103 |
14,366 |
18,834 |
8,414 |
4,384 |
8,289 |
30,431 |
43,619 |
Cash Income Taxes Paid |
|
8,808 |
13,688 |
8,446 |
6,592 |
-135 |
7,493 |
1,175 |
3,166 |
3,376 |
-1,786 |
1,664 |
Quarterly Cash Flow Statements for Wells Fargo & Company
This table details how cash moves in and out of Wells Fargo & Company's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.
Metric |
|
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Q2 2025 |
Net Change in Cash & Equivalents |
|
-6,298 |
-2,726 |
-2,013 |
62,298 |
19,336 |
32,544 |
-37,816 |
-46,652 |
17,774 |
-25,724 |
16,955 |
Net Cash From Operating Activities |
|
7,245 |
7,406 |
-755 |
15,505 |
18,202 |
-12,125 |
2,050 |
4,206 |
8,904 |
-11,037 |
-11,216 |
Net Cash From Continuing Operating Activities |
|
7,245 |
7,406 |
-755 |
15,505 |
18,202 |
-12,125 |
2,050 |
4,206 |
8,904 |
-11,037 |
-11,216 |
Net Income / (Loss) Continuing Operations |
|
2,920 |
4,880 |
4,903 |
5,736 |
3,510 |
4,623 |
4,909 |
5,170 |
5,263 |
4,804 |
5,522 |
Consolidated Net Income / (Loss) |
|
2,920 |
4,880 |
4,903 |
5,736 |
3,510 |
4,623 |
4,909 |
5,170 |
5,263 |
4,804 |
5,522 |
Provision For Loan Losses |
|
957 |
1,207 |
1,713 |
1,197 |
1,282 |
938 |
1,236 |
1,065 |
1,095 |
932 |
1,005 |
Depreciation Expense |
|
1,579 |
1,552 |
1,628 |
1,597 |
1,494 |
1,819 |
1,972 |
1,783 |
1,984 |
1,858 |
1,893 |
Non-Cash Adjustments to Reconcile Net Income |
|
-451 |
2,996 |
-2,250 |
-3,283 |
6,965 |
-3,233 |
-2,906 |
4,763 |
-6,264 |
2,737 |
389 |
Changes in Operating Assets and Liabilities, net |
|
2,240 |
-3,229 |
-6,749 |
10,258 |
4,951 |
-16,272 |
-3,161 |
-8,575 |
6,826 |
-21,368 |
-20,025 |
Net Cash From Investing Activities |
|
-15,926 |
-7,955 |
20,601 |
7,628 |
-4,231 |
21,095 |
-14,584 |
-21,098 |
-1,064 |
-27,508 |
8,048 |
Net Cash From Continuing Investing Activities |
|
-15,926 |
-7,955 |
20,601 |
7,628 |
-4,231 |
21,095 |
-14,584 |
-21,098 |
-1,064 |
-27,508 |
8,048 |
Purchase of Investment Securities |
|
59,565 |
-24,125 |
4,369 |
-1,390 |
-16,187 |
-21,023 |
-19,786 |
-29,611 |
-48,281 |
-17,684 |
-17,764 |
Sale and/or Maturity of Investments |
|
9,933 |
8,795 |
21,033 |
13,601 |
10,985 |
17,905 |
17,596 |
31,046 |
31,024 |
14,277 |
16,072 |
Net Increase in Fed Funds Sold |
|
-11,087 |
1,106 |
121 |
-3,931 |
-10,025 |
11,705 |
-13,360 |
-23,131 |
-2,236 |
-21,500 |
22,015 |
Other Investing Activities, net |
|
-74,337 |
6,269 |
-4,922 |
-652 |
10,996 |
12,508 |
966 |
598 |
18,429 |
-2,601 |
-12,275 |
Net Cash From Financing Activities |
|
2,383 |
-2,177 |
-21,859 |
39,165 |
5,365 |
23,574 |
-25,282 |
-29,760 |
9,934 |
12,821 |
20,123 |
Net Cash From Continuing Financing Activities |
|
2,383 |
-2,177 |
-21,859 |
39,165 |
5,365 |
23,574 |
-25,282 |
-29,760 |
9,934 |
12,821 |
20,123 |
Net Change in Deposits |
|
-14,170 |
-21,356 |
-18,045 |
9,426 |
4,163 |
24,974 |
-17,253 |
-16,248 |
22,158 |
-10,076 |
-21,025 |
Issuance of Debt |
|
20,410 |
30,019 |
8,715 |
36,895 |
11,856 |
34,047 |
15,924 |
-2,762 |
515 |
38,310 |
60,234 |
Repayment of Debt |
|
-2,395 |
-5,158 |
-7,054 |
-4,036 |
-6,638 |
-26,605 |
-14,335 |
-7,836 |
-6,806 |
-9,618 |
-12,324 |
Repurchase of Preferred Equity |
|
- |
0.00 |
- |
-1,725 |
- |
-840 |
-2,000 |
- |
- |
0.00 |
-2,000 |
Repurchase of Common Equity |
|
-6.00 |
-4,016 |
-4,005 |
-1,480 |
-2,350 |
-6,001 |
-6,012 |
-3,435 |
-4,000 |
-3,500 |
-3,016 |
Payment of Dividends |
|
-1,476 |
-1,357 |
-1,449 |
-1,514 |
-1,610 |
-1,474 |
-1,536 |
-1,590 |
-1,632 |
-1,567 |
-1,592 |
Other Financing Activities, Net |
|
20 |
-309 |
-21 |
-123 |
-56 |
-527 |
-70 |
114 |
-301 |
-728 |
-154 |
Cash Interest Paid |
|
4,025 |
5,477 |
7,371 |
8,034 |
9,549 |
10,385 |
11,167 |
11,535 |
10,532 |
9,791 |
9,938 |
Cash Income Taxes Paid |
|
-487 |
-827 |
-1,157 |
48 |
150 |
-1,855 |
1,434 |
527 |
1,558 |
120 |
514 |
Annual Balance Sheets for Wells Fargo & Company
This table presents Wells Fargo & Company's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Total Assets |
|
1,687,155 |
1,787,632 |
1,930,115 |
1,951,757 |
1,895,883 |
1,927,555 |
1,952,911 |
1,948,068 |
1,881,020 |
1,932,468 |
1,929,845 |
Cash and Due from Banks |
|
19,571 |
19,111 |
20,729 |
23,367 |
23,551 |
21,757 |
28,236 |
24,616 |
34,596 |
33,026 |
37,080 |
Federal Funds Sold |
|
258,429 |
270,130 |
266,038 |
80,025 |
80,207 |
102,140 |
65,672 |
66,223 |
68,036 |
80,456 |
105,330 |
Interest Bearing Deposits at Other Banks |
|
- |
- |
- |
192,580 |
149,736 |
119,493 |
236,376 |
209,614 |
124,561 |
204,193 |
166,281 |
Trading Account Securities |
|
391,180 |
430,026 |
496,842 |
548,091 |
567,774 |
499,836 |
417,725 |
383,490 |
294,041 |
308,245 |
371,099 |
Loans and Leases, Net of Allowance |
|
850,232 |
905,014 |
956,185 |
945,766 |
943,335 |
1,056,766 |
869,121 |
-12,490 |
942,886 |
922,076 |
898,562 |
Loans and Leases |
|
862,551 |
916,559 |
967,604 |
956,770 |
953,110 |
1,066,317 |
887,637 |
- |
955,871 |
936,682 |
912,745 |
Allowance for Loan and Lease Losses |
|
12,319 |
11,545 |
11,419 |
11,004 |
9,775 |
9,551 |
18,516 |
- |
12,985 |
14,606 |
14,183 |
Premises and Equipment, Net |
|
8,743 |
8,704 |
8,333 |
8,847 |
8,920 |
9,309 |
8,895 |
8,571 |
8,350 |
9,266 |
10,297 |
Goodwill |
|
25,705 |
25,529 |
26,693 |
26,587 |
26,418 |
26,390 |
26,392 |
25,180 |
25,173 |
25,175 |
25,167 |
Other Assets |
|
113,037 |
109,236 |
128,906 |
105,293 |
95,942 |
91,864 |
300,494 |
1,230,374 |
383,377 |
350,031 |
316,029 |
Total Liabilities & Shareholders' Equity |
|
1,687,155 |
1,787,632 |
1,930,115 |
1,951,757 |
1,895,883 |
1,927,555 |
1,952,911 |
1,948,068 |
1,881,020 |
1,932,468 |
1,929,845 |
Total Liabilities |
|
1,501,893 |
1,593,741 |
1,729,618 |
1,743,678 |
1,698,817 |
1,739,571 |
1,767,199 |
1,757,958 |
1,698,807 |
1,745,025 |
1,748,779 |
Non-Interest Bearing Deposits |
|
321,963 |
351,579 |
375,967 |
373,722 |
349,534 |
344,496 |
467,068 |
527,748 |
458,010 |
360,279 |
383,616 |
Interest Bearing Deposits |
|
846,347 |
871,733 |
930,112 |
962,269 |
936,636 |
978,130 |
937,313 |
954,731 |
925,975 |
997,894 |
988,188 |
Short-Term Debt |
|
63,518 |
97,528 |
96,781 |
103,256 |
114,286 |
104,512 |
58,999 |
34,409 |
51,145 |
89,559 |
108,806 |
Long-Term Debt |
|
183,943 |
199,536 |
255,077 |
225,020 |
229,044 |
228,191 |
212,950 |
160,689 |
174,870 |
207,588 |
173,078 |
Other Long-Term Liabilities |
|
86,122 |
73,365 |
71,681 |
79,411 |
- |
84,242 |
90,869 |
80,381 |
88,807 |
89,705 |
95,091 |
Total Equity & Noncontrolling Interests |
|
185,262 |
193,891 |
200,497 |
208,079 |
197,066 |
187,984 |
185,712 |
190,110 |
182,213 |
187,443 |
181,066 |
Total Preferred & Common Equity |
|
184,394 |
192,998 |
199,581 |
206,936 |
196,166 |
187,146 |
184,680 |
187,606 |
180,227 |
185,735 |
179,120 |
Preferred Stock |
|
19,213 |
22,214 |
24,551 |
25,358 |
23,214 |
21,549 |
21,136 |
20,057 |
19,448 |
19,448 |
18,608 |
Total Common Equity |
|
165,181 |
170,784 |
175,030 |
181,578 |
172,952 |
165,597 |
163,544 |
167,549 |
160,779 |
166,287 |
160,512 |
Common Stock |
|
69,673 |
69,850 |
69,370 |
70,029 |
69,821 |
70,185 |
69,333 |
69,332 |
69,455 |
69,691 |
69,953 |
Retained Earnings |
|
107,040 |
120,866 |
133,075 |
145,263 |
158,163 |
166,697 |
162,683 |
180,322 |
187,968 |
201,136 |
214,198 |
Treasury Stock |
|
-13,690 |
-18,867 |
-22,713 |
-29,892 |
-47,194 |
-68,831 |
-67,791 |
-79,757 |
-82,853 |
-92,960 |
-111,463 |
Accumulated Other Comprehensive Income / (Loss) |
|
3,518 |
297 |
-3,137 |
-2,144 |
-6,336 |
-1,311 |
194 |
-1,702 |
-13,362 |
-11,580 |
-12,176 |
Noncontrolling Interest |
|
868 |
893 |
916 |
1,143 |
900 |
838 |
1,032 |
2,504 |
1,986 |
1,708 |
1,946 |
Quarterly Balance Sheets for Wells Fargo & Company
This table presents Wells Fargo & Company's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Q2 2025 |
Total Assets |
|
1,881,020 |
1,886,400 |
1,876,320 |
1,909,261 |
1,932,468 |
1,959,153 |
1,940,073 |
1,922,125 |
1,929,845 |
1,950,311 |
1,981,269 |
Cash and Due from Banks |
|
34,596 |
31,958 |
31,915 |
30,815 |
33,026 |
30,180 |
32,701 |
33,530 |
37,080 |
35,256 |
35,081 |
Federal Funds Sold |
|
68,036 |
67,288 |
66,500 |
70,431 |
80,456 |
68,751 |
82,259 |
105,390 |
105,330 |
126,830 |
104,815 |
Interest Bearing Deposits at Other Banks |
|
124,561 |
130,478 |
123,418 |
187,081 |
204,193 |
239,467 |
199,322 |
152,016 |
166,281 |
142,309 |
159,480 |
Trading Account Securities |
|
294,041 |
318,376 |
322,598 |
304,942 |
308,245 |
330,251 |
356,314 |
371,448 |
371,099 |
389,816 |
412,541 |
Loans and Leases, Net of Allowance |
|
942,886 |
934,871 |
933,702 |
927,870 |
922,076 |
908,363 |
903,547 |
895,381 |
898,562 |
899,813 |
910,457 |
Loans and Leases |
|
955,871 |
947,991 |
947,960 |
942,424 |
936,682 |
922,784 |
917,907 |
909,711 |
912,745 |
913,842 |
924,418 |
Allowance for Loan and Lease Losses |
|
12,985 |
13,120 |
14,258 |
14,554 |
14,606 |
14,421 |
14,360 |
14,330 |
14,183 |
14,029 |
13,961 |
Premises and Equipment, Net |
|
8,350 |
8,416 |
8,392 |
8,559 |
9,266 |
9,426 |
9,648 |
9,955 |
10,297 |
10,357 |
10,768 |
Goodwill |
|
25,173 |
25,173 |
25,175 |
25,174 |
25,175 |
25,173 |
25,172 |
25,173 |
25,167 |
25,066 |
25,071 |
Other Assets |
|
383,377 |
369,840 |
364,620 |
354,389 |
350,031 |
347,542 |
331,110 |
329,232 |
316,029 |
320,864 |
323,056 |
Total Liabilities & Shareholders' Equity |
|
1,881,020 |
1,886,400 |
1,876,320 |
1,909,261 |
1,932,468 |
1,959,153 |
1,940,073 |
1,922,125 |
1,929,845 |
1,950,311 |
1,981,269 |
Total Liabilities |
|
1,698,807 |
1,703,180 |
1,694,368 |
1,726,888 |
1,745,025 |
1,776,479 |
1,761,925 |
1,737,114 |
1,748,779 |
1,767,405 |
1,798,315 |
Non-Interest Bearing Deposits |
|
458,010 |
434,912 |
402,322 |
384,330 |
360,279 |
356,162 |
348,525 |
370,005 |
383,616 |
377,443 |
370,844 |
Interest Bearing Deposits |
|
925,975 |
927,717 |
942,262 |
969,680 |
997,894 |
1,026,985 |
1,017,369 |
979,641 |
988,188 |
984,285 |
969,859 |
Short-Term Debt |
|
51,145 |
81,007 |
84,255 |
93,330 |
89,559 |
109,014 |
118,834 |
111,894 |
108,806 |
139,776 |
187,995 |
Long-Term Debt |
|
174,870 |
173,466 |
170,632 |
190,035 |
207,588 |
187,764 |
179,136 |
182,015 |
173,078 |
173,660 |
176,237 |
Other Long-Term Liabilities |
|
88,807 |
86,078 |
94,897 |
89,513 |
89,705 |
96,554 |
98,061 |
93,559 |
95,091 |
92,241 |
93,380 |
Total Equity & Noncontrolling Interests |
|
182,213 |
183,220 |
181,952 |
182,373 |
187,443 |
182,674 |
178,148 |
185,011 |
181,066 |
182,906 |
182,954 |
Total Preferred & Common Equity |
|
180,227 |
181,168 |
180,191 |
180,715 |
185,735 |
180,943 |
176,430 |
183,265 |
179,120 |
181,090 |
181,111 |
Preferred Stock |
|
19,448 |
19,448 |
19,448 |
19,448 |
19,448 |
18,608 |
16,608 |
18,608 |
18,608 |
18,608 |
16,608 |
Total Common Equity |
|
160,779 |
161,720 |
160,743 |
161,267 |
166,287 |
162,335 |
159,822 |
164,657 |
160,512 |
162,482 |
164,503 |
Common Stock |
|
69,455 |
69,082 |
69,309 |
69,501 |
69,691 |
69,267 |
69,509 |
69,759 |
69,953 |
69,411 |
69,805 |
Retained Earnings |
|
187,968 |
191,688 |
195,164 |
199,287 |
201,136 |
203,870 |
207,281 |
210,749 |
214,198 |
217,405 |
221,308 |
Treasury Stock |
|
-82,853 |
-86,049 |
-89,860 |
-91,215 |
-92,960 |
-98,256 |
-104,247 |
-107,479 |
-111,463 |
-114,336 |
-117,244 |
Accumulated Other Comprehensive Income / (Loss) |
|
-13,362 |
-12,572 |
-13,441 |
-15,877 |
-11,580 |
-12,546 |
-12,721 |
-8,372 |
-12,176 |
-9,998 |
-9,366 |
Noncontrolling Interest |
|
1,986 |
2,052 |
1,761 |
1,658 |
1,708 |
1,731 |
1,718 |
1,746 |
1,946 |
1,816 |
1,843 |
Annual Metrics And Ratios for Wells Fargo & Company
This table displays calculated financial ratios and metrics derived from Wells Fargo & Company's official financial filings.
Metric |
|
2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
0.68% |
2.03% |
2.57% |
0.14% |
-2.24% |
0.49% |
-14.47% |
6.60% |
-6.06% |
11.07% |
-0.36% |
EBITDA Growth |
|
1.41% |
1.37% |
0.44% |
-11.61% |
4.11% |
-4.66% |
-67.04% |
249.24% |
-40.03% |
24.25% |
10.80% |
EBIT Growth |
|
3.94% |
-0.81% |
-4.52% |
-14.77% |
4.24% |
-9.01% |
-90.35% |
1,080.16% |
-47.13% |
38.44% |
7.99% |
NOPAT Growth |
|
6.23% |
-1.41% |
-5.29% |
1.88% |
1.85% |
-11.67% |
-81.88% |
549.89% |
-43.79% |
42.24% |
4.92% |
Net Income Growth |
|
5.39% |
-0.71% |
-4.18% |
2.38% |
1.85% |
-11.67% |
-83.29% |
554.69% |
-38.14% |
39.96% |
3.03% |
EPS Growth |
|
5.40% |
0.49% |
-3.16% |
2.76% |
4.39% |
-4.44% |
-89.49% |
1,081.40% |
-35.63% |
47.71% |
11.18% |
Operating Cash Flow Growth |
|
-69.59% |
-9.27% |
-93.66% |
1,747.12% |
93.74% |
-81.34% |
-69.52% |
-661.92% |
334.69% |
49.21% |
-92.48% |
Free Cash Flow Firm Growth |
|
-155.95% |
-11.95% |
-12.58% |
197.73% |
-51.03% |
111.92% |
67.08% |
44.33% |
-110.02% |
-494.62% |
172.57% |
Invested Capital Growth |
|
14.51% |
13.46% |
12.51% |
-2.90% |
0.75% |
-3.65% |
-12.10% |
-15.83% |
5.98% |
18.71% |
-4.47% |
Revenue Q/Q Growth |
|
0.93% |
0.17% |
0.21% |
0.31% |
-1.22% |
0.75% |
-3.49% |
3.38% |
-1.97% |
0.54% |
-0.12% |
EBITDA Q/Q Growth |
|
-0.30% |
0.42% |
0.99% |
-8.89% |
7.16% |
-4.37% |
-5.30% |
12.81% |
-21.60% |
1.58% |
8.65% |
EBIT Q/Q Growth |
|
0.28% |
-0.46% |
-0.37% |
-11.16% |
9.69% |
-6.31% |
-29.52% |
18.12% |
-27.63% |
2.46% |
9.22% |
NOPAT Q/Q Growth |
|
0.34% |
-0.72% |
-1.58% |
4.52% |
-0.38% |
-13.17% |
14.54% |
16.70% |
-23.19% |
3.20% |
9.63% |
Net Income Q/Q Growth |
|
0.43% |
-0.58% |
-1.33% |
5.39% |
-1.18% |
-13.17% |
5.63% |
15.63% |
-18.49% |
1.54% |
9.03% |
EPS Q/Q Growth |
|
0.49% |
-0.48% |
-1.24% |
5.40% |
1.18% |
-11.66% |
16.22% |
18.14% |
-18.86% |
2.55% |
11.41% |
Operating Cash Flow Q/Q Growth |
|
-39.74% |
-29.83% |
113.07% |
-19.64% |
69.25% |
-27.95% |
-94.49% |
70.53% |
9.86% |
37.27% |
-75.39% |
Free Cash Flow Firm Q/Q Growth |
|
5.66% |
-160.13% |
57.99% |
-41.21% |
-47.74% |
533.91% |
-30.09% |
5.66% |
-131.88% |
10.55% |
727.14% |
Invested Capital Q/Q Growth |
|
0.52% |
5.04% |
-5.33% |
-0.59% |
2.65% |
-6.84% |
-1.94% |
-2.73% |
6.53% |
4.05% |
-3.33% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
43.19% |
42.91% |
42.02% |
37.09% |
39.50% |
37.47% |
14.44% |
47.31% |
30.20% |
33.79% |
37.57% |
EBIT Margin |
|
40.21% |
39.09% |
36.39% |
30.97% |
33.03% |
29.90% |
3.37% |
37.34% |
21.02% |
26.19% |
28.39% |
Profit (Net Income) Margin |
|
27.34% |
26.60% |
24.85% |
25.41% |
26.47% |
23.27% |
4.55% |
27.93% |
18.39% |
23.18% |
23.96% |
Tax Burden Percent |
|
67.98% |
68.05% |
68.30% |
82.04% |
80.16% |
77.81% |
134.81% |
74.79% |
87.51% |
88.47% |
84.41% |
Interest Burden Percent |
|
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
|
30.39% |
30.81% |
31.37% |
17.96% |
19.84% |
22.19% |
-46.19% |
19.50% |
14.40% |
12.05% |
14.55% |
Return on Invested Capital (ROIC) |
|
5.82% |
5.04% |
4.23% |
4.13% |
4.25% |
3.81% |
0.75% |
5.65% |
3.37% |
4.26% |
4.21% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
5.58% |
4.90% |
4.19% |
4.13% |
4.25% |
3.81% |
0.65% |
4.92% |
3.51% |
4.31% |
4.13% |
Return on Net Nonoperating Assets (RNNOA) |
|
7.12% |
7.04% |
6.90% |
6.87% |
7.04% |
6.69% |
1.06% |
6.12% |
3.97% |
6.09% |
6.49% |
Return on Equity (ROE) |
|
12.94% |
12.08% |
11.13% |
10.99% |
11.29% |
10.50% |
1.81% |
11.77% |
7.35% |
10.36% |
10.70% |
Cash Return on Invested Capital (CROIC) |
|
-7.70% |
-7.57% |
-7.54% |
7.07% |
3.50% |
7.52% |
13.63% |
22.84% |
-2.43% |
-12.84% |
8.78% |
Operating Return on Assets (OROA) |
|
2.11% |
1.94% |
1.73% |
1.41% |
1.48% |
1.36% |
0.13% |
1.52% |
0.82% |
1.13% |
1.21% |
Return on Assets (ROA) |
|
1.44% |
1.32% |
1.18% |
1.16% |
1.19% |
1.06% |
0.17% |
1.13% |
0.71% |
1.00% |
1.02% |
Return on Common Equity (ROCE) |
|
11.59% |
10.70% |
9.75% |
9.60% |
9.88% |
9.23% |
1.59% |
10.37% |
6.48% |
9.16% |
9.49% |
Return on Equity Simple (ROE_SIMPLE) |
|
12.50% |
11.86% |
10.99% |
10.85% |
11.66% |
10.80% |
1.83% |
11.78% |
7.59% |
10.31% |
11.01% |
Net Operating Profit after Tax (NOPAT) |
|
23,608 |
23,276 |
22,045 |
22,460 |
22,876 |
20,206 |
3,662 |
23,799 |
13,378 |
19,029 |
19,965 |
NOPAT Margin |
|
27.99% |
27.05% |
24.98% |
25.41% |
26.47% |
23.27% |
4.93% |
30.06% |
17.99% |
23.04% |
24.26% |
Net Nonoperating Expense Percent (NNEP) |
|
0.24% |
0.14% |
0.03% |
0.00% |
0.00% |
0.00% |
0.09% |
0.72% |
-0.14% |
-0.04% |
0.08% |
SG&A Expenses to Revenue |
|
35.86% |
36.24% |
36.04% |
37.21% |
45.98% |
48.86% |
9.37% |
53.48% |
55.27% |
52.60% |
53.75% |
Operating Expenses to Revenue |
|
58.14% |
58.07% |
59.34% |
66.17% |
64.95% |
67.00% |
77.60% |
67.91% |
76.92% |
67.27% |
66.34% |
Earnings before Interest and Taxes (EBIT) |
|
33,915 |
33,641 |
32,120 |
27,377 |
28,538 |
25,967 |
2,505 |
29,563 |
15,629 |
21,636 |
23,364 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
36,430 |
36,929 |
37,090 |
32,783 |
34,131 |
32,540 |
10,724 |
37,453 |
22,461 |
27,907 |
30,922 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
1.28 |
1.26 |
1.26 |
1.35 |
1.06 |
1.21 |
0.70 |
1.06 |
0.92 |
1.04 |
1.45 |
Price to Tangible Book Value (P/TBV) |
|
1.51 |
1.48 |
1.49 |
1.59 |
1.25 |
1.44 |
0.83 |
1.25 |
1.09 |
1.23 |
1.72 |
Price to Revenue (P/Rev) |
|
2.50 |
2.50 |
2.51 |
2.78 |
2.12 |
2.31 |
1.54 |
2.24 |
1.99 |
2.10 |
2.83 |
Price to Earnings (P/E) |
|
9.68 |
10.02 |
10.87 |
11.95 |
8.87 |
11.07 |
63.99 |
8.53 |
11.77 |
9.64 |
12.51 |
Dividend Yield |
|
3.32% |
3.50% |
3.44% |
3.09% |
4.20% |
4.05% |
4.41% |
1.35% |
2.83% |
2.72% |
2.15% |
Earnings Yield |
|
10.34% |
9.98% |
9.20% |
8.37% |
11.27% |
9.04% |
1.56% |
11.72% |
8.49% |
10.38% |
8.00% |
Enterprise Value to Invested Capital (EV/IC) |
|
0.46 |
0.50 |
0.56 |
0.57 |
0.55 |
0.60 |
0.17 |
0.25 |
0.41 |
0.36 |
0.49 |
Enterprise Value to Revenue (EV/Rev) |
|
2.38 |
2.86 |
3.53 |
3.45 |
3.44 |
3.59 |
1.05 |
1.20 |
2.26 |
2.11 |
2.75 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
5.51 |
6.66 |
8.41 |
9.29 |
8.72 |
9.59 |
7.28 |
2.53 |
7.49 |
6.23 |
7.32 |
Enterprise Value to EBIT (EV/EBIT) |
|
5.92 |
7.31 |
9.71 |
11.12 |
10.43 |
12.02 |
31.18 |
3.21 |
10.76 |
8.04 |
9.69 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
8.50 |
10.57 |
14.15 |
13.56 |
13.01 |
15.44 |
21.33 |
3.98 |
12.57 |
9.14 |
11.34 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
11.45 |
15.47 |
309.44 |
16.35 |
8.25 |
46.37 |
38.08 |
0.00 |
6.22 |
4.31 |
74.62 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
0.00 |
0.00 |
0.00 |
7.92 |
15.80 |
7.82 |
1.17 |
0.98 |
0.00 |
0.00 |
5.44 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
1.34 |
1.53 |
1.75 |
1.58 |
1.74 |
1.77 |
1.46 |
1.03 |
1.24 |
1.59 |
1.56 |
Long-Term Debt to Equity |
|
0.99 |
1.03 |
1.27 |
1.08 |
1.16 |
1.21 |
1.15 |
0.85 |
0.96 |
1.11 |
0.96 |
Financial Leverage |
|
1.28 |
1.44 |
1.65 |
1.66 |
1.66 |
1.76 |
1.62 |
1.24 |
1.13 |
1.42 |
1.57 |
Leverage Ratio |
|
9.01 |
9.16 |
9.43 |
9.50 |
9.50 |
9.93 |
10.38 |
10.38 |
10.28 |
10.32 |
10.48 |
Compound Leverage Factor |
|
9.01 |
9.16 |
9.43 |
9.50 |
9.50 |
9.93 |
10.38 |
10.38 |
10.28 |
10.32 |
10.48 |
Debt to Total Capital |
|
57.19% |
60.51% |
63.70% |
61.21% |
63.53% |
63.90% |
59.42% |
50.65% |
55.36% |
61.32% |
60.89% |
Short-Term Debt to Total Capital |
|
14.68% |
19.87% |
17.52% |
19.25% |
21.15% |
20.07% |
12.89% |
8.93% |
12.53% |
18.48% |
23.50% |
Long-Term Debt to Total Capital |
|
42.51% |
40.64% |
46.18% |
41.95% |
42.38% |
43.83% |
46.53% |
41.71% |
42.84% |
42.84% |
37.39% |
Preferred Equity to Total Capital |
|
4.44% |
4.52% |
4.44% |
4.73% |
4.30% |
4.14% |
4.62% |
5.21% |
4.76% |
4.01% |
4.02% |
Noncontrolling Interests to Total Capital |
|
0.20% |
0.18% |
0.17% |
0.21% |
0.17% |
0.16% |
0.23% |
0.65% |
0.49% |
0.35% |
0.42% |
Common Equity to Total Capital |
|
38.17% |
34.79% |
31.69% |
33.85% |
32.00% |
31.80% |
35.73% |
43.50% |
39.38% |
34.32% |
34.67% |
Debt to EBITDA |
|
6.79 |
8.04 |
9.49 |
10.01 |
10.06 |
10.22 |
25.36 |
5.21 |
10.06 |
10.65 |
9.12 |
Net Debt to EBITDA |
|
-0.84 |
0.21 |
1.75 |
0.99 |
2.63 |
2.74 |
-5.44 |
-2.81 |
-0.05 |
-0.74 |
-0.87 |
Long-Term Debt to EBITDA |
|
5.05 |
5.40 |
6.88 |
6.86 |
6.71 |
7.01 |
19.86 |
4.29 |
7.79 |
7.44 |
5.60 |
Debt to NOPAT |
|
10.48 |
12.76 |
15.96 |
14.62 |
15.01 |
16.47 |
74.26 |
8.20 |
16.89 |
15.62 |
14.12 |
Net Debt to NOPAT |
|
-1.29 |
0.34 |
2.95 |
1.44 |
3.93 |
4.42 |
-15.93 |
-4.43 |
-0.09 |
-1.08 |
-1.34 |
Long-Term Debt to NOPAT |
|
7.79 |
8.57 |
11.57 |
10.02 |
10.01 |
11.29 |
58.15 |
6.75 |
13.07 |
10.91 |
8.67 |
Noncontrolling Interest Sharing Ratio |
|
10.45% |
11.39% |
12.32% |
12.72% |
12.49% |
12.08% |
11.92% |
11.90% |
11.82% |
11.52% |
11.32% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
-31,226 |
-34,956 |
-39,355 |
38,460 |
18,835 |
39,915 |
66,688 |
96,252 |
-9,642 |
-57,333 |
41,605 |
Operating Cash Flow to CapEx |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Free Cash Flow to Firm to Interest Expense |
|
-7.76 |
-8.79 |
-6.66 |
4.11 |
1.29 |
2.12 |
8.37 |
24.59 |
-1.06 |
-1.75 |
0.97 |
Operating Cash Flow to Interest Expense |
|
4.36 |
4.00 |
0.17 |
1.99 |
2.46 |
0.36 |
0.26 |
-2.94 |
2.98 |
1.23 |
0.07 |
Operating Cash Flow Less CapEx to Interest Expense |
|
4.36 |
4.00 |
0.17 |
1.99 |
2.46 |
0.36 |
0.26 |
-2.94 |
2.98 |
1.23 |
0.07 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.05 |
0.05 |
0.05 |
0.05 |
0.04 |
0.05 |
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
Fixed Asset Turnover |
|
9.42 |
9.87 |
10.36 |
10.29 |
9.73 |
9.53 |
8.16 |
9.07 |
8.79 |
9.38 |
8.41 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
432,723 |
490,955 |
552,355 |
536,355 |
540,396 |
520,687 |
457,661 |
385,208 |
408,228 |
484,590 |
462,950 |
Invested Capital Turnover |
|
0.21 |
0.19 |
0.17 |
0.16 |
0.16 |
0.16 |
0.15 |
0.19 |
0.19 |
0.19 |
0.17 |
Increase / (Decrease) in Invested Capital |
|
54,834 |
58,232 |
61,400 |
-16,000 |
4,041 |
-19,709 |
-63,026 |
-72,453 |
23,020 |
76,362 |
-21,640 |
Enterprise Value (EV) |
|
200,663 |
246,077 |
311,915 |
304,512 |
297,557 |
312,037 |
78,111 |
94,802 |
168,158 |
173,919 |
226,461 |
Market Capitalization |
|
211,121 |
215,147 |
221,357 |
245,707 |
183,607 |
200,337 |
114,278 |
177,596 |
147,902 |
173,291 |
232,714 |
Book Value per Share |
|
$31.84 |
$33.44 |
$34.85 |
$36.87 |
$36.74 |
$39.15 |
$39.56 |
$42.02 |
$42.19 |
$45.79 |
$48.21 |
Tangible Book Value per Share |
|
$26.89 |
$28.44 |
$29.54 |
$31.48 |
$31.13 |
$32.91 |
$33.17 |
$35.71 |
$35.59 |
$38.86 |
$40.65 |
Total Capital |
|
432,723 |
490,955 |
552,355 |
536,355 |
540,396 |
520,687 |
457,661 |
385,208 |
408,228 |
484,590 |
462,950 |
Total Debt |
|
247,461 |
297,064 |
351,858 |
328,276 |
343,330 |
332,703 |
271,949 |
195,098 |
226,015 |
297,147 |
281,884 |
Total Long-Term Debt |
|
183,943 |
199,536 |
255,077 |
225,020 |
229,044 |
228,191 |
212,950 |
160,689 |
174,870 |
207,588 |
173,078 |
Net Debt |
|
-30,539 |
7,823 |
65,091 |
32,304 |
89,836 |
89,313 |
-58,335 |
-105,355 |
-1,178 |
-20,528 |
-26,807 |
Capital Expenditures (CapEx) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Expense (NNE) |
|
551 |
382 |
107 |
0.00 |
0.00 |
0.00 |
285 |
1,690 |
-299 |
-113 |
243 |
Net Nonoperating Obligations (NNO) |
|
247,461 |
297,064 |
351,858 |
328,276 |
343,330 |
332,703 |
271,949 |
195,098 |
226,015 |
297,147 |
281,884 |
Total Depreciation and Amortization (D&A) |
|
2,515 |
3,288 |
4,970 |
5,406 |
5,593 |
6,573 |
8,219 |
7,890 |
6,832 |
6,271 |
7,558 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$4.17 |
$4.18 |
$4.03 |
$4.14 |
$4.31 |
$4.08 |
$0.42 |
$4.99 |
$3.17 |
$4.88 |
$5.43 |
Adjusted Weighted Average Basic Shares Outstanding |
|
5.24B |
5.14B |
5.05B |
4.96B |
4.80B |
4.39B |
4.12B |
4.06B |
3.81B |
3.69B |
3.43B |
Adjusted Diluted Earnings per Share |
|
$4.10 |
$4.12 |
$3.99 |
$4.10 |
$4.28 |
$4.05 |
$0.41 |
$4.95 |
$3.14 |
$4.83 |
$5.37 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
5.32B |
5.21B |
5.11B |
5.02B |
4.84B |
4.43B |
4.13B |
4.10B |
3.84B |
3.72B |
3.47B |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$4.08 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
5.15B |
5.08B |
5.00B |
4.88B |
4.55B |
4.10B |
4.13B |
3.81B |
3.79B |
3.58B |
3.29B |
Normalized Net Operating Profit after Tax (NOPAT) |
|
23,608 |
23,276 |
22,045 |
22,460 |
22,876 |
20,206 |
2,803 |
23,799 |
13,378 |
19,029 |
19,965 |
Normalized NOPAT Margin |
|
27.99% |
27.05% |
24.98% |
25.41% |
26.47% |
23.27% |
3.77% |
30.06% |
17.99% |
23.04% |
24.26% |
Pre Tax Income Margin |
|
40.21% |
39.09% |
36.39% |
30.97% |
33.03% |
29.90% |
3.37% |
37.34% |
21.02% |
26.19% |
28.39% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
8.43 |
8.46 |
5.44 |
2.93 |
1.95 |
1.38 |
0.31 |
7.55 |
1.72 |
0.66 |
0.54 |
NOPAT to Interest Expense |
|
5.87 |
5.85 |
3.73 |
2.40 |
1.56 |
1.07 |
0.46 |
6.08 |
1.47 |
0.58 |
0.46 |
EBIT Less CapEx to Interest Expense |
|
8.43 |
8.46 |
5.44 |
2.93 |
1.95 |
1.38 |
0.31 |
7.55 |
1.72 |
0.66 |
0.54 |
NOPAT Less CapEx to Interest Expense |
|
5.87 |
5.85 |
3.73 |
2.40 |
1.56 |
1.07 |
0.46 |
6.08 |
1.47 |
0.58 |
0.46 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
35.32% |
38.55% |
41.20% |
40.56% |
40.72% |
47.46% |
181.88% |
16.41% |
38.70% |
30.98% |
31.60% |
Augmented Payout Ratio |
|
76.15% |
76.54% |
78.19% |
84.67% |
130.91% |
168.87% |
283.00% |
81.83% |
82.81% |
92.89% |
130.21% |
Quarterly Metrics And Ratios for Wells Fargo & Company
This table displays calculated financial ratios and metrics derived from Wells Fargo & Company's official financial filings.
Metric |
|
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Q2 2025 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
-6.95% |
16.93% |
20.50% |
6.60% |
2.22% |
0.65% |
0.76% |
-2.35% |
-0.49% |
-3.42% |
0.64% |
EBITDA Growth |
|
-58.06% |
14.61% |
38.94% |
32.08% |
9.71% |
0.11% |
8.99% |
-1.56% |
50.22% |
-3.00% |
2.45% |
EBIT Growth |
|
-67.36% |
25.34% |
62.12% |
46.27% |
17.95% |
-4.43% |
5.61% |
-4.78% |
57.86% |
-4.67% |
4.51% |
NOPAT Growth |
|
-58.05% |
24.55% |
64.75% |
60.94% |
20.21% |
-5.27% |
0.12% |
-9.87% |
49.94% |
3.92% |
12.49% |
Net Income Growth |
|
-49.58% |
31.76% |
57.16% |
60.55% |
9.22% |
-7.45% |
-0.57% |
-11.32% |
47.39% |
5.95% |
11.89% |
EPS Growth |
|
-50.33% |
35.16% |
66.67% |
72.09% |
16.00% |
-2.44% |
6.40% |
-4.05% |
63.22% |
15.83% |
20.30% |
Operating Cash Flow Growth |
|
50.40% |
3,621.61% |
-109.95% |
29.04% |
151.24% |
-263.72% |
371.52% |
-72.87% |
-51.08% |
8.97% |
-647.12% |
Free Cash Flow Firm Growth |
|
-125.31% |
-197.44% |
-219.44% |
-568.46% |
-262.45% |
42.14% |
46.94% |
89.57% |
136.93% |
67.45% |
-90.71% |
Invested Capital Growth |
|
5.98% |
18.74% |
18.98% |
21.54% |
18.71% |
9.54% |
8.99% |
2.83% |
-4.47% |
3.52% |
14.93% |
Revenue Q/Q Growth |
|
2.39% |
3.47% |
-0.95% |
1.58% |
-1.82% |
1.88% |
-0.83% |
-1.56% |
0.06% |
-1.12% |
3.34% |
EBITDA Q/Q Growth |
|
-27.51% |
65.50% |
0.85% |
9.15% |
-39.78% |
51.02% |
9.80% |
-1.41% |
-8.11% |
-2.48% |
15.97% |
EBIT Q/Q Growth |
|
-35.41% |
102.21% |
-0.22% |
12.24% |
-47.92% |
63.84% |
10.26% |
1.20% |
-13.65% |
-1.06% |
20.88% |
NOPAT Q/Q Growth |
|
-18.07% |
67.12% |
0.47% |
16.99% |
-38.81% |
31.71% |
6.19% |
5.32% |
1.80% |
-8.72% |
14.95% |
Net Income Q/Q Growth |
|
-12.17% |
58.19% |
-1.06% |
16.79% |
-40.25% |
34.04% |
6.30% |
4.15% |
-0.68% |
-3.64% |
12.26% |
EPS Q/Q Growth |
|
-12.79% |
64.00% |
1.63% |
18.40% |
-41.22% |
37.93% |
10.83% |
6.77% |
0.00% |
-2.11% |
15.11% |
Operating Cash Flow Q/Q Growth |
|
-39.71% |
2.22% |
-110.19% |
2,153.64% |
17.39% |
-166.61% |
116.91% |
105.17% |
111.70% |
-223.96% |
-1.62% |
Free Cash Flow Firm Q/Q Growth |
|
-222.61% |
-219.33% |
-0.92% |
-18.56% |
5.14% |
49.03% |
7.45% |
76.69% |
435.78% |
-144.92% |
-442.33% |
Invested Capital Q/Q Growth |
|
6.53% |
7.22% |
-0.20% |
6.62% |
4.05% |
-1.06% |
-0.70% |
0.59% |
-3.33% |
7.21% |
10.24% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
22.31% |
35.69% |
36.34% |
39.05% |
23.95% |
35.50% |
39.31% |
39.36% |
36.15% |
35.65% |
40.01% |
EBIT Margin |
|
14.43% |
28.20% |
28.41% |
31.39% |
16.65% |
26.78% |
29.77% |
30.61% |
26.42% |
26.43% |
30.92% |
Profit (Net Income) Margin |
|
15.75% |
24.08% |
24.05% |
27.65% |
16.83% |
22.14% |
23.73% |
25.11% |
24.92% |
24.29% |
26.39% |
Tax Burden Percent |
|
109.13% |
85.37% |
84.66% |
88.09% |
101.06% |
82.67% |
79.71% |
82.03% |
94.35% |
91.89% |
85.34% |
Interest Burden Percent |
|
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
|
-1.00% |
16.52% |
15.94% |
12.39% |
-2.93% |
17.25% |
20.31% |
17.07% |
2.23% |
9.80% |
14.23% |
Return on Invested Capital (ROIC) |
|
2.73% |
4.52% |
4.80% |
5.32% |
3.17% |
4.00% |
4.31% |
4.43% |
4.49% |
3.99% |
4.24% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
2.84% |
4.57% |
4.82% |
5.34% |
3.15% |
4.00% |
4.31% |
4.41% |
4.42% |
4.02% |
4.23% |
Return on Net Nonoperating Assets (RNNOA) |
|
3.22% |
5.53% |
5.89% |
7.22% |
4.45% |
6.02% |
6.62% |
6.93% |
6.95% |
6.70% |
7.75% |
Return on Equity (ROE) |
|
5.95% |
10.04% |
10.69% |
12.54% |
7.63% |
10.02% |
10.92% |
11.36% |
11.44% |
10.69% |
11.99% |
Cash Return on Invested Capital (CROIC) |
|
-2.43% |
-13.57% |
-13.29% |
-15.10% |
-12.84% |
-5.01% |
-4.49% |
1.06% |
8.78% |
0.67% |
-9.83% |
Operating Return on Assets (OROA) |
|
0.56% |
1.14% |
1.22% |
1.36% |
0.72% |
1.15% |
1.29% |
1.32% |
1.13% |
1.10% |
1.29% |
Return on Assets (ROA) |
|
0.61% |
0.97% |
1.04% |
1.20% |
0.73% |
0.95% |
1.03% |
1.08% |
1.06% |
1.01% |
1.10% |
Return on Common Equity (ROCE) |
|
5.25% |
8.83% |
9.41% |
11.03% |
6.75% |
8.87% |
9.72% |
10.07% |
10.14% |
9.50% |
10.77% |
Return on Equity Simple (ROE_SIMPLE) |
|
0.00% |
8.21% |
9.25% |
10.43% |
0.00% |
10.37% |
10.62% |
9.87% |
0.00% |
11.04% |
11.36% |
Net Operating Profit after Tax (NOPAT) |
|
2,920 |
4,880 |
4,903 |
5,736 |
3,510 |
4,623 |
4,909 |
5,170 |
5,263 |
4,804 |
5,522 |
NOPAT Margin |
|
14.58% |
23.54% |
23.88% |
27.50% |
17.14% |
22.16% |
23.73% |
25.39% |
25.83% |
23.84% |
26.52% |
Net Nonoperating Expense Percent (NNEP) |
|
-0.11% |
-0.05% |
-0.02% |
-0.01% |
0.02% |
0.00% |
0.00% |
0.02% |
0.06% |
-0.03% |
0.01% |
SG&A Expenses to Revenue |
|
8.99% |
54.05% |
50.86% |
50.54% |
54.97% |
54.91% |
51.56% |
52.66% |
55.87% |
57.76% |
52.96% |
Operating Expenses to Revenue |
|
80.79% |
65.98% |
63.25% |
62.87% |
77.09% |
68.72% |
64.25% |
64.16% |
68.21% |
68.94% |
64.25% |
Earnings before Interest and Taxes (EBIT) |
|
2,891 |
5,846 |
5,833 |
6,547 |
3,410 |
5,587 |
6,160 |
6,234 |
5,383 |
5,326 |
6,438 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
4,470 |
7,398 |
7,461 |
8,144 |
4,904 |
7,406 |
8,132 |
8,017 |
7,367 |
7,184 |
8,331 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
0.92 |
0.84 |
0.96 |
0.45 |
1.04 |
1.28 |
1.29 |
1.17 |
1.45 |
1.45 |
1.58 |
Price to Tangible Book Value (P/TBV) |
|
1.09 |
0.99 |
1.14 |
0.53 |
1.23 |
1.51 |
1.53 |
1.38 |
1.72 |
1.72 |
1.87 |
Price to Revenue (P/Rev) |
|
1.99 |
1.75 |
1.91 |
0.88 |
2.10 |
2.51 |
2.48 |
2.33 |
2.83 |
2.89 |
3.19 |
Price to Earnings (P/E) |
|
11.77 |
9.85 |
9.92 |
4.09 |
9.64 |
11.81 |
11.70 |
11.33 |
12.51 |
12.48 |
13.38 |
Dividend Yield |
|
2.83% |
3.22% |
2.92% |
3.15% |
2.72% |
2.36% |
2.38% |
2.57% |
2.15% |
2.16% |
2.00% |
Earnings Yield |
|
8.49% |
10.15% |
10.08% |
24.47% |
10.38% |
8.47% |
8.55% |
8.82% |
8.00% |
8.01% |
7.47% |
Enterprise Value to Invested Capital (EV/IC) |
|
0.41 |
0.42 |
0.48 |
0.19 |
0.36 |
0.39 |
0.44 |
0.45 |
0.49 |
0.54 |
0.63 |
Enterprise Value to Revenue (EV/Rev) |
|
2.26 |
2.35 |
2.58 |
1.08 |
2.11 |
2.25 |
2.50 |
2.62 |
2.75 |
3.25 |
4.21 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
7.49 |
7.77 |
8.18 |
3.22 |
6.23 |
6.68 |
7.26 |
7.58 |
7.32 |
8.65 |
11.13 |
Enterprise Value to EBIT (EV/EBIT) |
|
10.76 |
10.82 |
10.95 |
4.19 |
8.04 |
8.72 |
9.56 |
10.08 |
9.69 |
11.49 |
14.71 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
12.57 |
12.68 |
12.82 |
4.80 |
9.14 |
9.93 |
11.05 |
11.84 |
11.34 |
13.18 |
16.57 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
6.22 |
5.31 |
8.05 |
3.01 |
4.31 |
8.95 |
8.78 |
17.48 |
74.62 |
64.40 |
0.00 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
42.86 |
5.44 |
81.55 |
0.00 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
1.24 |
1.39 |
1.40 |
1.55 |
1.59 |
1.62 |
1.67 |
1.59 |
1.56 |
1.71 |
1.99 |
Long-Term Debt to Equity |
|
0.96 |
0.95 |
0.94 |
1.04 |
1.11 |
1.03 |
1.01 |
0.98 |
0.96 |
0.95 |
0.96 |
Financial Leverage |
|
1.13 |
1.21 |
1.22 |
1.35 |
1.42 |
1.51 |
1.54 |
1.57 |
1.57 |
1.67 |
1.83 |
Leverage Ratio |
|
10.28 |
10.49 |
10.39 |
10.50 |
10.32 |
10.51 |
10.60 |
10.43 |
10.48 |
10.69 |
10.86 |
Compound Leverage Factor |
|
10.28 |
10.49 |
10.39 |
10.50 |
10.32 |
10.51 |
10.60 |
10.43 |
10.48 |
10.69 |
10.86 |
Debt to Total Capital |
|
55.36% |
58.14% |
58.35% |
60.84% |
61.32% |
61.90% |
62.58% |
61.37% |
60.89% |
63.15% |
66.56% |
Short-Term Debt to Total Capital |
|
12.53% |
18.51% |
19.29% |
20.04% |
18.48% |
22.74% |
24.96% |
23.36% |
23.50% |
28.16% |
34.36% |
Long-Term Debt to Total Capital |
|
42.84% |
39.63% |
39.06% |
40.80% |
42.84% |
39.16% |
37.62% |
38.01% |
37.39% |
34.99% |
32.21% |
Preferred Equity to Total Capital |
|
4.76% |
4.44% |
4.45% |
4.18% |
4.01% |
3.88% |
3.49% |
3.89% |
4.02% |
3.75% |
3.04% |
Noncontrolling Interests to Total Capital |
|
0.49% |
0.47% |
0.40% |
0.36% |
0.35% |
0.36% |
0.36% |
0.36% |
0.42% |
0.37% |
0.34% |
Common Equity to Total Capital |
|
39.38% |
36.95% |
36.80% |
34.63% |
34.32% |
33.86% |
33.57% |
34.38% |
34.67% |
32.74% |
30.06% |
Debt to EBITDA |
|
10.06 |
10.87 |
10.00 |
10.31 |
10.65 |
10.63 |
10.42 |
10.33 |
9.12 |
10.21 |
11.79 |
Net Debt to EBITDA |
|
-0.05 |
1.06 |
1.30 |
-0.18 |
-0.74 |
-1.49 |
-0.57 |
0.10 |
-0.87 |
0.29 |
2.10 |
Long-Term Debt to EBITDA |
|
7.79 |
7.41 |
6.69 |
6.92 |
7.44 |
6.73 |
6.27 |
6.40 |
5.60 |
5.66 |
5.70 |
Debt to NOPAT |
|
16.89 |
17.75 |
15.67 |
15.37 |
15.62 |
15.81 |
15.87 |
16.14 |
14.12 |
15.56 |
17.55 |
Net Debt to NOPAT |
|
-0.09 |
1.73 |
2.03 |
-0.27 |
-1.08 |
-2.22 |
-0.87 |
0.16 |
-1.34 |
0.45 |
3.12 |
Long-Term Debt to NOPAT |
|
13.07 |
12.10 |
10.49 |
10.31 |
10.91 |
10.00 |
9.54 |
9.99 |
8.67 |
8.62 |
8.49 |
Noncontrolling Interest Sharing Ratio |
|
11.82% |
12.06% |
12.03% |
12.02% |
11.52% |
11.43% |
10.98% |
11.29% |
11.32% |
11.15% |
10.18% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
-20,100 |
-64,186 |
-64,777 |
-76,799 |
-72,852 |
-37,136 |
-34,370 |
-8,012 |
26,903 |
-12,086 |
-65,546 |
Operating Cash Flow to CapEx |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Free Cash Flow to Firm to Interest Expense |
|
-4.61 |
-10.66 |
-8.45 |
-8.54 |
-7.24 |
-3.50 |
-3.14 |
-0.71 |
2.63 |
-1.28 |
-6.82 |
Operating Cash Flow to Interest Expense |
|
1.66 |
1.23 |
-0.10 |
1.73 |
1.81 |
-1.14 |
0.19 |
0.37 |
0.87 |
-1.16 |
-1.17 |
Operating Cash Flow Less CapEx to Interest Expense |
|
1.66 |
1.23 |
-0.10 |
1.73 |
1.81 |
-1.14 |
0.19 |
0.37 |
0.87 |
-1.16 |
-1.17 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
Fixed Asset Turnover |
|
8.79 |
9.16 |
9.61 |
9.64 |
9.38 |
9.27 |
9.19 |
8.90 |
8.41 |
8.25 |
8.01 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
408,228 |
437,693 |
436,839 |
465,738 |
484,590 |
479,452 |
476,118 |
478,920 |
462,950 |
496,342 |
547,186 |
Invested Capital Turnover |
|
0.19 |
0.19 |
0.20 |
0.19 |
0.19 |
0.18 |
0.18 |
0.17 |
0.17 |
0.17 |
0.16 |
Increase / (Decrease) in Invested Capital |
|
23,020 |
69,066 |
69,680 |
82,535 |
76,362 |
41,759 |
39,279 |
13,182 |
-21,640 |
16,890 |
71,068 |
Enterprise Value (EV) |
|
168,158 |
181,851 |
208,590 |
88,488 |
173,919 |
186,419 |
207,497 |
215,606 |
226,461 |
265,524 |
344,032 |
Market Capitalization |
|
147,902 |
135,602 |
154,327 |
72,344 |
173,291 |
207,700 |
205,483 |
192,279 |
232,714 |
236,059 |
260,725 |
Book Value per Share |
|
$42.19 |
$42.63 |
$42.84 |
$44.20 |
$45.79 |
$45.60 |
$45.84 |
$48.37 |
$48.21 |
$49.41 |
$50.55 |
Tangible Book Value per Share |
|
$35.59 |
$35.99 |
$36.13 |
$37.30 |
$38.86 |
$38.53 |
$38.62 |
$40.98 |
$40.65 |
$41.79 |
$42.85 |
Total Capital |
|
408,228 |
437,693 |
436,839 |
465,738 |
484,590 |
479,452 |
476,118 |
478,920 |
462,950 |
496,342 |
547,186 |
Total Debt |
|
226,015 |
254,473 |
254,887 |
283,365 |
297,147 |
296,778 |
297,970 |
293,909 |
281,884 |
313,436 |
364,232 |
Total Long-Term Debt |
|
174,870 |
173,466 |
170,632 |
190,035 |
207,588 |
187,764 |
179,136 |
182,015 |
173,078 |
173,660 |
176,237 |
Net Debt |
|
-1,178 |
24,749 |
33,054 |
-4,962 |
-20,528 |
-41,620 |
-16,312 |
2,973 |
-26,807 |
9,041 |
64,856 |
Capital Expenditures (CapEx) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Expense (NNE) |
|
-235 |
-111 |
-35 |
-31 |
64 |
4.00 |
-1.00 |
56 |
184 |
-90 |
28 |
Net Nonoperating Obligations (NNO) |
|
226,015 |
254,473 |
254,887 |
283,365 |
297,147 |
296,778 |
297,970 |
293,909 |
281,884 |
313,436 |
364,232 |
Total Depreciation and Amortization (D&A) |
|
1,579 |
1,552 |
1,628 |
1,597 |
1,494 |
1,819 |
1,972 |
1,783 |
1,984 |
1,858 |
1,893 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$0.76 |
$1.24 |
$1.26 |
$1.49 |
$0.89 |
$1.21 |
$1.35 |
$1.43 |
$1.44 |
$1.41 |
$1.61 |
Adjusted Weighted Average Basic Shares Outstanding |
|
3.81B |
3.79B |
3.70B |
3.65B |
3.69B |
3.56B |
3.45B |
3.38B |
3.43B |
3.28B |
3.23B |
Adjusted Diluted Earnings per Share |
|
$0.75 |
$1.23 |
$1.25 |
$1.48 |
$0.87 |
$1.20 |
$1.33 |
$1.42 |
$1.42 |
$1.39 |
$1.60 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
3.84B |
3.82B |
3.72B |
3.68B |
3.72B |
3.60B |
3.49B |
3.43B |
3.47B |
3.32B |
3.27B |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
3.79B |
3.75B |
1.82B |
3.63B |
3.58B |
3.49B |
3.40B |
3.33B |
3.29B |
3.25B |
3.20B |
Normalized Net Operating Profit after Tax (NOPAT) |
|
2,024 |
4,880 |
4,903 |
5,736 |
2,387 |
4,623 |
4,909 |
5,170 |
5,263 |
4,804 |
5,522 |
Normalized NOPAT Margin |
|
10.10% |
23.54% |
23.88% |
27.50% |
11.66% |
22.16% |
23.73% |
25.39% |
25.83% |
23.84% |
26.52% |
Pre Tax Income Margin |
|
14.43% |
28.20% |
28.41% |
31.39% |
16.65% |
26.78% |
29.77% |
30.61% |
26.42% |
26.43% |
30.92% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
0.66 |
0.97 |
0.76 |
0.73 |
0.34 |
0.53 |
0.56 |
0.55 |
0.53 |
0.56 |
0.67 |
NOPAT to Interest Expense |
|
0.67 |
0.81 |
0.64 |
0.64 |
0.35 |
0.44 |
0.45 |
0.46 |
0.52 |
0.51 |
0.57 |
EBIT Less CapEx to Interest Expense |
|
0.66 |
0.97 |
0.76 |
0.73 |
0.34 |
0.53 |
0.56 |
0.55 |
0.53 |
0.56 |
0.67 |
NOPAT Less CapEx to Interest Expense |
|
0.67 |
0.81 |
0.64 |
0.64 |
0.35 |
0.44 |
0.45 |
0.46 |
0.52 |
0.51 |
0.57 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
38.70% |
36.77% |
33.80% |
30.75% |
30.98% |
32.22% |
32.73% |
34.33% |
31.60% |
31.63% |
31.00% |
Augmented Payout Ratio |
|
82.81% |
63.86% |
81.97% |
81.18% |
92.89% |
105.93% |
117.26% |
132.72% |
130.21% |
116.38% |
98.79% |
Key Financial Trends
Wells Fargo & Company (NYSE: WFC) has shown steady financial performance over the last four years through Q2 2025, with notable trends in its income, cash flow, and balance sheet metrics.
Income Statement Highlights:
- Consolidated net income has increased consistently, reaching $5.52 billion in Q2 2025 from $3.16 billion in Q1 2023, showing profitable growth.
- Net interest income has remained strong and stable, about $11.7 billion in Q2 2025, reflecting effective interest rate management on loans and deposits.
- Non-interest income grew to $9.11 billion in Q2 2025, partly driven by gains on investments and other services, supporting diversified revenue streams.
- Provision for credit losses has fluctuated but remained elevated around $1 billion quarterly, indicating cautious credit risk management amid economic uncertainty.
- Non-interest expense remains high, approximately $13.38 billion in Q2 2025, suggesting ongoing operating costs and expenses pressure.
Balance Sheet Highlights:
- Total assets have increased from about $1.88 trillion in early 2023 to $1.98 trillion by Q2 2025, driven by growth in loans and interest-bearing deposits.
- Loans and leases net of allowance increased to $910.5 billion in Q2 2025, indicating lending growth and potential revenue opportunities.
- Liabilities have also grown significantly to $1.80 trillion, with substantial long-term and short-term debt, increasing leverage.
- Equity remains stable at approximately $183 billion, supporting a solid capital base, though treasury stock levels indicate substantial share repurchases.
- Allowance for loan and lease losses remains around $14 billion, consistent with credit risk provisioning practices.
Cash Flow Statement Highlights:
- Operating activities have shown significant net outflows in recent quarters, with -$11.2 billion in Q2 2025, primarily due to changes in operating assets and liabilities.
- Investing activities generated positive net cash of $8.05 billion in Q2 2025 due to sales/maturities of investments exceeding purchases.
- Financing activities contributed positively with $20.1 billion net inflow in Q2 2025, driven largely by net debt issuance.
- Net change in cash and equivalents was a significant inflow of $16.95 billion in Q2 2025, improving liquidity position.
- Cash interest paid remained substantial, around $9.94 billion in Q2 2025, indicating high financing costs.
Summary: Wells Fargo has demonstrated consistent profitability and asset growth over the last several quarters, with rising net income and stable net interest income. However, the elevated provision for credit losses and high non-interest expenses could pressure earnings. The balance sheet shows expanding loan portfolios alongside increased liabilities and solid equity capital. Operating cash flows have been negative recently, but investing and financing activities have provided liquidity support. High interest payments on debt remain an area to monitor. Overall, the financial trends reflect a bank managing growth while navigating credit risk and cost challenges.
08/29/25 02:58 AM ETAI Generated. May Contain Errors.