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Wells Fargo & Company (WFC) Financials

Wells Fargo & Company logo
$77.78 +0.73 (+0.95%)
Closing price 03:59 PM Eastern
Extended Trading
$77.85 +0.07 (+0.09%)
As of 07:59 PM Eastern
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Annual Income Statements for Wells Fargo & Company

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.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 21,821 21,470 20,373 20,554 20,689 18,103 1,786 20,818 12,562 17,982 18,606
Consolidated Net Income / (Loss)		 23,057 22,894 21,938 22,460 22,876 20,206 3,377 22,109 13,677 19,142 19,722
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
Total Pre-Tax Income 		33,915 33,641 32,120 27,377 28,538 25,967 2,505 29,563 15,629 21,636 23,364
Total Revenue		 84,347 86,057 88,267 88,389 86,408 86,832 74,264 79,166 74,368 82,597 82,296
Net Interest Income / (Expense)		 43,527 45,301 47,754 49,557 49,995 47,303 39,956 35,779 44,950 52,375 47,676
Total Interest Income		 47,552 49,277 53,663 58,909 64,647 66,155 47,919 39,694 54,024 85,118 90,777
Loans and Leases Interest Income		 36,497 37,379 40,327 42,224 44,891 45,110 35,177 29,499 38,228 57,518 58,386
Investment Securities Interest Income		 8,438 8,937 11,879 13,745 15,398 15,917 11,788 9,861 12,488 16,790 18,719
Other Interest Income		 932 990 1,457 2,940 4,358 5,128 954 334 3,308 10,810 13,672
Total Interest Expense		 4,025 3,976 5,909 9,352 14,652 18,852 7,963 3,915 9,074 32,743 43,101
Deposits Interest Expense		 1,096 963 1,395 3,013 5,622 8,635 2,804 388 2,349 16,503 24,282
Short-Term Borrowings Interest Expense		 59 64 330 758 1,717 2,316 - -41 582 3,848 5,311
Long-Term Debt Interest Expense		 2,488 2,592 3,830 5,157 6,703 7,350 4,721 3,173 5,505 11,572 12,463
Other Interest Expense		 382 357 354 424 610 551 438 395 638 820 1,045
Total Non-Interest Income		 40,820 40,756 40,513 38,832 36,413 39,529 34,308 43,387 29,418 30,222 34,620
Other Service Charges		 19,211 19,713 16,693 15,024 8,403 2,715 31,598 4,956 1,383 829 1,047
Net Realized & Unrealized Capital Gains on Investments		 4,134 3,796 2,655 2,800 2,225 3,976 2,710 7,264 1,461 4,368 5,434
Other Non-Interest Income		 1,540 1,085 5,654 5,464 25,785 32,838 - 31,167 26,574 25,025 28,139
Provision for Credit Losses		 1,395 2,442 3,770 2,528 1,744 2,687 14,129 -4,155 1,534 5,399 4,334
Total Non-Interest Expense		 49,037 49,974 52,377 58,484 56,126 58,178 57,630 53,758 57,205 55,562 54,598
Salaries and Employee Benefits		 25,345 26,235 26,799 27,805 33,085 35,128 - 35,541 34,340 35,829 35,729
Net Occupancy & Equipment Expense		 4,898 4,949 5,009 5,086 5,791 6,221 6,362 6,195 6,256 6,804 7,635
Marketing Expense		 - - - - 857 1,076 600 600 505 812 869
Other Operating Expenses		 16,496 16,571 18,209 23,154 16,393 15,753 49,169 11,422 16,104 12,117 10,365
Income Tax Expense		 10,307 10,365 10,075 4,917 5,662 5,761 -1,157 5,764 2,251 2,607 3,399
Other Adjustments to Consolidated Net Income / (Loss)		 -551 -382 -107 - - - -285 -1,690 299 113 -243
Preferred Stock Dividends Declared		 1,236 1,424 1,565 1,629 1,704 1,612 1,591 1,291 1,115 1,160 1,116
Basic Earnings per Share		 $4.17 $4.18 $4.03 $4.14 $4.31 $4.12 $0.43 $5.13 $3.30 $4.88 $5.43
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
Diluted Earnings per Share		 $4.10 $4.12 $3.99 $4.10 $4.28 $4.09 $0.43 $5.08 $3.27 $4.83 $5.37
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
Weighted Average Basic & Diluted Shares Outstanding		 5.23B 5.14B 5.06B 4.96B 4.80B 4.10B 4.13B 3.81B 3.79B 3.58B 3.29B
Cash Dividends to Common per Share		 $1.35 $1.48 $1.52 $1.54 $1.64 $1.92 $1.22 $0.60 $1.10 $1.30 $1.50

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
Period end date 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025
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
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
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
Period end date 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025
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
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
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
Period end date 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025
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
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
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
Period end date 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025
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 demonstrated a generally stable financial performance over the last four years through Q2 2025, with some notable trends in income, balance sheet strength, and cash flow activities.

Income Statement Trends:

  • Net income has shown consistent growth over the last several quarters, with Q2 2025 reporting $5.52 billion, up from $4.90 billion in Q2 2024 and $4.64 billion in Q2 2023, indicating improving profitability.
  • Net interest income, a key revenue source for Wells Fargo, increased steadily, reaching $11.7 billion in Q2 2025 compared to approximately $11.2 billion in Q2 2024 and $11.6 billion in Q2 2023.
  • Non-interest income remained robust with $9.1 billion in Q2 2025, supported by strong realized and unrealized capital gains, and other fees.
  • Provision for credit losses increased slightly to $1.01 billion in Q2 2025 from $932 million in Q1 2025 and has been elevated compared to previous years, which could indicate cautious credit risk management amid economic uncertainties.
  • Operating expenses have fluctuated but remain substantial, with Q2 2025 non-interest expenses at $13.4 billion, slightly down from prior quarters, reflecting efforts on cost control but still a major expense burden.
  • Earnings per share (diluted) improved from $1.39 in Q1 2025 to $1.60 in Q2 2025, signaling higher efficiency or lower share count impact.

Balance Sheet Strength and Key Metrics:

  • Total assets grew modestly to $1.98 trillion as of Q2 2025, up from $1.95 trillion in Q1 2025, showing balance sheet expansion to support business growth.
  • Loans and leases net of allowance stood at approximately $910 billion, indicating stable loan book size with a consistent allowance buffer of roughly $13.9 billion for potential losses.
  • Deposits experienced some volatility with a Q2 2025 decrease of about $21 billion, highlighting some funding source shifts which warrant monitoring.
  • Common equity increased modestly, totaling $164.5 billion at Q2 2025, supporting capital adequacy and regulatory compliance.

Cash Flow Trends:

  • Operating cash flow was negative at approximately -$11.2 billion in Q2 2025 due largely to changes in operating assets and liabilities, which may reflect investments or changes in working capital.
  • Investing cash flow was positive at $8.0 billion in Q2 2025, supported by proceeds from sale/maturity of investments partially offset by purchases, indicating active portfolio management.
  • Financing activities generated net positive cash flow of $20.1 billion in Q2 2025, driven primarily by issuance of debt exceeding repayments, alongside share repurchases and dividend payments, suggesting capital structure adjustments and shareholder returns.
  • Net increase in cash and equivalents for Q2 2025 was healthy at $16.9 billion.

Summary:

Wells Fargo’s financials show a positive trajectory in profitability and capital position, bolstered by stable core lending and investment activities. The company maintains a strong equity base and manages its investment and financing activities actively. However, elevated loan loss provisions and negative operating cash flow from changes in capital highlight areas demanding investor attention, especially in the context of economic and market uncertainties.

Investors should watch for trends in credit provisions, operating efficiencies, and deposit stability in upcoming quarters.

08/08/25 09:29 PMAI Generated. May Contain Errors.

Frequently Asked Questions About Wells Fargo & Company's Financials

When does Wells Fargo & Company's fiscal year end?

According to the most recent income statement we have on file, Wells Fargo & Company's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Wells Fargo & Company's net income changed over the last 10 years?

Wells Fargo & Company's net income appears to be on a downward trend, with a most recent value of $19.72 billion in 2024, falling from $23.06 billion in 2014. The previous period was $19.14 billion in 2023. View Wells Fargo & Company's forecast to see where analysts expect Wells Fargo & Company to go next.

How has Wells Fargo & Company's revenue changed over the last 10 years?

Over the last 10 years, Wells Fargo & Company's total revenue changed from $84.35 billion in 2014 to $82.30 billion in 2024, a change of -2.4%.

How much debt does Wells Fargo & Company have?

Wells Fargo & Company's total liabilities were at $1.75 trillion at the end of 2024, a 0.2% increase from 2023, and a 16.4% increase since 2014.

How much cash does Wells Fargo & Company have?

In the past 10 years, Wells Fargo & Company's cash and equivalents has ranged from $19.11 billion in 2015 to $37.08 billion in 2024, and is currently $37.08 billion as of their latest financial filing in 2024.

How has Wells Fargo & Company's book value per share changed over the last 10 years?

Over the last 10 years, Wells Fargo & Company's book value per share changed from 31.84 in 2014 to 48.21 in 2024, a change of 51.4%.


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This page (NYSE:WFC) was last updated on 8/8/2025 by MarketBeat.com Staff
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