Form 8-K

8-K — WELLS FARGO & COMPANY/MN

Accession: 0000072971-26-000288

Filed: 2026-07-14

Period: 2026-07-14

CIK: 0000072971

SIC: 6021 (NATIONAL COMMERCIAL BANKS)

Item: Results of Operations and Financial Condition

Item: Regulation FD Disclosure

Item: Financial Statements and Exhibits

Documents

8-K — wfc-20260714.htm (Primary)

EX-99.1 — EXHIBIT 99.1 (wfc2qer07-14x26ex991xrelea.htm)

EX-99.2 — EXHIBIT 99.2 (wfc2qer07-14x26ex992xsuppl.htm)

EX-99.3 — EXHIBIT 99.3 (ex993-wellsfargo2q26pres.htm)

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8-K — FORM 8-K

8-K (Primary)

Filename: wfc-20260714.htm · Sequence: 1

wfc-20260714

WELLS FARGO & COMPANY/MN0000072971falseNYSE00000729712026-07-142026-07-140000072971us-gaap:CommonStockMember2026-07-142026-07-140000072971wfc:A7.5NonCumulativePerpetualConvertibleClassAPreferredStockSeriesLMember2026-07-142026-07-140000072971wfc:NonCumulativePerpetualClassAPreferredStockSeriesYMember2026-07-142026-07-140000072971wfc:NonCumulativePerpetualClassAPreferredStockSeriesZMember2026-07-142026-07-140000072971wfc:NonCumulativePerpetualClassAPreferredStockSeriesAAMember2026-07-142026-07-140000072971wfc:NonCumulativePerpetualClassAPreferredStockSeriesCCMember2026-07-142026-07-140000072971wfc:NonCumulativePerpetualClassAPreferredStockSeriesDDMember2026-07-142026-07-140000072971wfc:GuaranteeofMediumTermNotesSeriesAdueOctober302028ofWellsFargoFinanceLLCMember2026-07-142026-07-14

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

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

Date of Report (date of earliest event reported): July 14, 2026

WELLS FARGO & COMPANY

(Exact name of registrant as specified in its charter)

Delaware 001-02979 No. 41-0449260

(State or Other Jurisdiction

of Incorporation) (Commission File

Number) (IRS Employer

Identification No.)

333 Market Street, San Francisco, California 94105

(Address of principal executive offices) (Zip Code)

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

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

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

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

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

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

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

Title of Each Class

Trading Symbol

Name of Each Exchange

on Which Registered

Common Stock, par value $1-2/3

WFC

New York Stock

Exchange

(NYSE)

7.5% Non-Cumulative Perpetual Convertible Class A Preferred Stock, Series L

WFC.PRL

NYSE

Depositary Shares, each representing a 1/1000th interest in a share of Non-Cumulative Perpetual Class A Preferred Stock, Series Y

WFC.PRY

NYSE

Depositary Shares, each representing a 1/1000th interest in a share of Non-Cumulative Perpetual Class A Preferred Stock, Series Z

WFC.PRZ

NYSE

Depositary Shares, each representing a 1/1000th interest in a share of Non-Cumulative Perpetual Class A Preferred Stock, Series AA

WFC.PRA

NYSE

Depositary Shares, each representing a 1/1000th interest in a share of Non-Cumulative Perpetual Class A Preferred Stock, Series CC

WFC.PRC

NYSE

Depositary Shares, each representing a 1/1000th interest in a share of Non-Cumulative Perpetual Class A Preferred Stock, Series DD

WFC.PRD

NYSE

Guarantee of Medium-Term Notes, Series A, due October 30, 2028 of Wells Fargo Finance LLC

WFC/28A

NYSE

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

Emerging growth company ☐

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

Item 2.02 Results of Operations and Financial Condition.

On July 14, 2026, Wells Fargo & Company (the “Company”) issued a news release regarding its results of operations and financial condition for the quarter ended June 30, 2026, and posted on its website its 2Q26 Quarterly Supplement, which contains certain additional information about the Company’s financial results for the quarter ended June 30, 2026. The news release is included as Exhibit 99.1 and the 2Q26 Quarterly Supplement is included as Exhibit 99.2 to this report, and each is incorporated by reference into this Item 2.02. The information included in Exhibit 99.1 and Exhibit 99.2 is considered to be “filed” for purposes of Section 18 under the Securities Exchange Act of 1934.

Item 7.01 Regulation FD Disclosure.

On July 14, 2026, the Company intends to host a live conference call that will also be available by webcast to discuss the Company’s second quarter 2026 financial results and other matters relating to the Company. In connection therewith, the Company has posted on its website presentation materials containing certain historical and forward-looking information relating to the Company. The presentation materials are included as Exhibit 99.3 to this report and are incorporated by reference into this Item 7.01. Exhibit 99.3 shall not be considered “filed” for purposes of Section 18 under the Securities Exchange Act of 1934 and shall not be deemed to be incorporated by reference into the filings of the Company under the Securities Act of 1933.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit No. Description Location

99.1

News Release dated July 14, 2026

Filed herewith

99.2

2Q26 Quarterly Supplement

Filed herewith

99.3

Presentation Materials - 2Q26 Financial Results

Furnished herewith

104 Cover Page Interactive Data File

Embedded within the Inline XBRL document

SIGNATURE

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

Dated:

July 14, 2026

WELLS FARGO & COMPANY

By: /s/ MUNEERA S. CARR

Muneera S. Carr

Executive Vice President,

Chief Accounting Officer and Controller

EX-99.1 — EXHIBIT 99.1

EX-99.1

Filename: wfc2qer07-14x26ex991xrelea.htm · Sequence: 2

Document

Exhibit 99.1

News Release | July 14, 2026

Wells Fargo Reports Second Quarter 2026 Net Income of $6.4 billion, or $2.00 per Diluted Share

Company-wide Financial Summary

Quarter ended

Jun 30,

2026 Jun 30,

2025

Selected Income Statement Data

($ in millions except per share amounts)

Total revenue $ 22,622 20,822

Noninterest expense 13,661 13,379

Provision for credit losses1

914 1,005

Net income 6,407 5,494

Diluted earnings per common share 2.00 1.60

Selected Balance Sheet Data

($ in billions)

Average loans $ 1,026.5 916.7

Average deposits 1,465.6 1,331.7

CET12

10.3 % 11.1

Performance Metrics

ROE3

15.0 % 12.8

ROTCE4

17.7 15.2

Operating Segments and Other Highlights

Quarter ended Jun 30, 2026

% Change from

($ in billions) Jun 30,

2026 Mar 31,

2026 Jun 30,

2025

Average loans

Consumer Banking and Lending5

$ 337.8 1 % 6

Commercial Banking5

237.1 4 5

Corporate and Investment Banking 359.4 5 26

Wealth and Investment Management 91.1 3 12

Average deposits

Consumer Banking and Lending5

828.4 1 3

Commercial Banking5

189.5 2 6

Corporate and Investment Banking 234.8 10 16

Wealth and Investment Management 109.8 (2) 10

Capital

◦Repurchased 37.4 million shares, or $3.0 billion, of common stock in second quarter 2026

Second quarter 2026 notable item:

◦$132 million, or $0.04 per share, of discrete tax benefits related to the resolution of prior period matters

Chairman and Chief Executive Officer Charlie Scharf commented, “We generated strong second quarter results with diluted earnings per share growing to $2.00, up 25% from a year ago. Revenue increased 9% from a year ago with net interest income up 5% and noninterest income up 13%. Continued expense discipline drove positive operating leverage. Total expenses were up 2% from a year ago and non-revenue related expenses were lower. Consumer and commercial credit quality remained strong across all portfolios and net loan charge-offs declined 10 basis points from a year ago. ROTCE4 increased from 15.2% a year ago to 17.7% in the second quarter and 16.1% in the first half of 2026. Our balance sheet continued to grow with average loans increasing 12% from a year ago, with higher balances in both our consumer and commercial businesses, and average deposits increasing 10%.”

“We saw broad-based revenue growth, with all of our operating segments generating strong revenue growth. In our consumer businesses, Consumer Banking and Lending revenue grew 6% and Wealth and Investment Management revenue increased 13% from a year ago. We also had strong growth in our commercial businesses with Commercial Banking revenue up 6% and Corporate and Investment Banking revenue increasing 16% from a year ago,” Scharf added.

“We are clearly benefitting from the broad-based economic strength we see in the U.S., but the investments we are making and our improved operating discipline also drove strong momentum in our key business metrics across all operating segments again this quarter. Consumer primary checking account growth is accelerating, and we had strong growth in new credit card accounts and auto originations. In Wealth and Investment Management, client assets grew 15% from a year ago to over $2.4 trillion. The hiring we have done in Commercial Banking has helped to drive new client acquisition and higher loan and deposit balances. In Corporate and Investment Banking we had strong results with Banking revenue increasing 20% and Markets revenue up 24% from a year ago,” Scharf continued.

“After years of not being on a level playing field with our competitors because we couldn’t grow our balance sheet, we are carefully deploying capital to grow and support our clients by taking risks that we think are prudent through economic cycles, not just the strong environment we see today. Our strong capital generation allows us to do this and continue to return capital to our shareholders. During the first half of this year, we repurchased approximately $7 billion of common stock and as previously announced, we expect to increase our third quarter common stock dividend by 11% to $0.50 per common share, subject to approval by the Company’s Board of Directors at its meeting later this month. We continue to manage our capital position with significant buffers above regulatory minimums and look forward to the finalization of the new proposed capital rules,” Scharf continued.

“Consumers and businesses remain very strong. Consumer spending is higher, charge-offs and delinquencies are lower, and savings and investments are growing across consumer segments. Businesses are cautious but balance sheets and cash flows remain strong resulting in strong credit performance. Equity indices are at or near all-time highs, credit spreads are narrow, and there is a significant amount of liquidity being deployed by banks and non-banks. Concerns around affordability and inflation exist, but the labor market and wage growth remain strong. We know that such favorable conditions do not go on forever so we are being selective about how much and where to grow. Our goal is to build sustainable higher returns and higher growth that can endure the inevitable market shocks and economic cycles,” Scharf concluded.

Endnotes are presented on page 9.

Financial results reported in this document are preliminary. Final financial results and other disclosures will be reported in our Quarterly Report on Form 10-Q for the quarter ended June 30, 2026, and may differ materially from the results and disclosures in this document due to, among other things, the completion of final review procedures, the occurrence of subsequent events, or the discovery of additional information.

Selected Company-wide Financial Information

Quarter ended Jun 30, 2026

% Change from

Jun 30,

2026 Mar 31,

2026 Jun 30,

2025 Mar 31,

2026 Jun 30,

2025

Earnings ($ in millions except per share amounts)

Net interest income $ 12,317 12,096 11,708 2 % 5

Noninterest income 10,305 9,350 9,114 10 13

Total revenue 22,622 21,446 20,822 5 9

Net charge-offs 883 1,106 997 (20) (11)

Change in the allowance for credit losses 31 29 8 7 288

Provision for credit losses1

914 1,135 1,005 (19) (9)

Noninterest expense 13,661 14,330 13,379 (5) 2

Income tax expense

1,402 691 916 103 53

Wells Fargo net income $ 6,407 5,253 5,494 22 17

Diluted earnings per common share 2.00 1.60 1.60 25 25

Balance Sheet Data (average) ($ in billions)

Loans $ 1,026.5 996.0 916.7 3 12

Deposits 1,465.6 1,415.0 1,331.7 4 10

Assets 2,227.9 2,168.2 1,933.4 3 15

Financial Ratios

Return on assets (ROA) 1.15 % 0.98 1.14

Return on equity (ROE) 15.0 12.2 12.8

Return on average tangible common equity (ROTCE)2

17.7 14.5 15.2

Efficiency ratio3

60 67 64

Net interest margin on a taxable-equivalent basis 2.43 2.47 2.68

Second Quarter 2026 vs. Second Quarter 2025

◦Net interest income increased 5%, driven by lower deposit costs, higher loan and investment securities balances, the impact of lower interest rates and balance sheet growth in our Markets business, and higher interest-bearing commercial deposits, partially offset by the impact of lower interest rates on floating rate assets, as well as a modest decline in noninterest-bearing deposits

◦Noninterest income increased 13%. Second quarter 2026 included strong performance from our venture capital investments, higher investment advisory fees on higher market valuations, and higher investment banking fees, as well as increases in most other fee categories, partially offset by lower lease income related to the first quarter 2026 sale of our rail car leasing business. Second quarter 2025 included a $253 million gain associated with our merchant services joint venture acquisition

◦Noninterest expense increased 2%, driven by higher revenue-related and other incentive compensation expense reflecting improved performance, an increase in technology and equipment expense, and higher advertising expense, partially offset by lower lease expense related to the first quarter 2026 sale of our rail car leasing business and the impact of efficiency initiatives, including a 7% reduction in headcount

◦Provision for credit losses in second quarter 2026 included a modest increase in the allowance for credit losses, reflecting a higher allowance for credit card and auto loans driven by higher loan balances, largely offset by a lower allowance for commercial real estate loans

Endnotes are presented on page 9.

Selected Company-wide Capital and Liquidity Information

Quarter ended

($ in billions) Jun 30,

2026 Mar 31,

2026 Jun 30,

2025

Capital:

Total equity $ 182.3 180.3 183.0

Common stockholders’ equity 165.0 163.2 164.6

Tangible common equity1

139.7 137.8 139.1

Common Equity Tier 1 (CET1) ratio2

10.3 % 10.3 11.1

Total loss absorbing capacity (TLAC) ratio3

22.8 23.0 24.4

Supplementary Leverage Ratio (SLR)4

5.8 5.9 6.7

Liquidity:

Liquidity Coverage Ratio (LCR)5

119 % 120 121

◦In June, the Company completed the 2026 Comprehensive Capital Analysis and Review stress test process

▪As previously announced by the Federal Reserve, this year’s stress test results do not impact bank capital requirements. The Company's stress test results continued to be below the stress capital buffer (SCB) floor, and our SCB remains at 2.5%

▪Third quarter 2026 common stock dividend is expected to be $0.50 per share, up from $0.45 per share, subject to approval by the Company’s Board of Directors at its regularly scheduled meeting in July

Selected Company-wide Loan Credit Information

Quarter ended

($ in millions) Jun 30,

2026 Mar 31,

2026 Jun 30,

2025

Net loan charge-offs $ 876 1,100 997

Net loan charge-offs as a % of average total loans (annualized) 0.34 % 0.45 0.44

Total nonaccrual loans $ 7,643 8,469 7,757

As a % of total loans 0.74 % 0.83 0.84

Total nonperforming assets $ 7,944 8,768 7,964

As a % of total loans 0.77 % 0.86 0.86

Allowance for credit losses for loans $ 14,407 14,374 14,568

As a % of total loans 1.40 % 1.41 1.58

Second Quarter 2026 vs. First Quarter 2026

◦Commercial net loan charge-offs as a percentage of average loans were 0.10% (annualized), down from 0.24%, driven by lower commercial and industrial net loan charge-offs. The consumer net loan charge-off rate decreased to 0.74% (annualized), down from 0.78%, on lower auto and credit card net loan charge-offs

◦Nonperforming assets were down $824 million, driven by lower commercial and industrial and commercial real estate nonaccrual loans. Nonperforming assets as a percentage of total loans were 0.77%, down from 0.86%

Endnotes are presented on page 9.

Operating Segment Performance

Consumer Banking and Lending offers diversified financial products and services for consumers and small businesses. These financial products and services include checking and savings accounts, credit and debit cards, as well as home, auto, personal, and small business lending. We also provide personalized wealth management and financial planning services through our branch channel.

Selected Financial Information1

Quarter ended Jun 30, 2026

% Change from

Jun 30,

2026 Mar 31,

2026 Jun 30,

2025 Mar 31,

2026 Jun 30,

2025

Earnings (in millions)

Consumer, Small and Business Banking $ 7,308 7,019 6,748 4 % 8

Credit Card

1,614 1,595 1,588 1 2

Home Lending 762 787 821 (3) (7)

Auto 320 295 241 8 33

Personal Lending 284 302 290 (6) (2)

Total revenue 10,288 9,998 9,688 3 6

Provision for credit losses 945 818 945 16 —

Noninterest expense 6,286 6,589 6,179 (5) 2

Net income $ 2,290 1,941 1,923 18 19

Average balances (in billions)

Loans $ 337.8 335.3 319.0 1 6

Deposits 828.4 816.6 805.5 1 3

Second Quarter 2026 vs. Second Quarter 2025

◦Revenue increased 6%

▪Consumer, Small and Business Banking was up 8% driven by higher deposit and loan balances, wider deposit spreads, higher deposit-related fees, increased debit card fees on higher volume, and higher investment advisory fees driven by an increase in market valuations. Results include the impact of the third quarter 2025 transfer of certain business customers from the Commercial Banking operating segment

▪Credit Card was up 2% reflecting higher net interest income on higher loan balances

▪Home Lending was down 7% due to lower net interest income on lower loan balances as well as lower servicing income

▪Auto was up 33% due to higher loan balances

◦Noninterest expense increased 2% driven by higher advertising expense and higher revenue-related compensation expense, as well as the impact of the third quarter 2025 transfer of certain business customers from the Commercial Banking operating segment, partially offset by the impact of efficiency initiatives

Endnotes are presented on page 9.

Commercial Banking provides financial solutions to private, family owned and certain public companies. Products and services include banking and credit products across multiple industry sectors and municipalities, secured lending and lease products, and treasury management.

Selected Financial Information

Quarter ended Jun 30, 2026

% Change from

Jun 30,

2026 Mar 31,

2026 Jun 30,

2025 Mar 31,

2026 Jun 30,

2025

Earnings (in millions)

Net interest income

$ 2,047 1,988 1,983 3 % 3

Noninterest income

1,071 1,132 950 (5) 13

Total revenue 3,118 3,120 2,933 — 6

Provision for credit losses 131 150 (43) (13) 405

Noninterest expense 1,412 1,608 1,519 (12) (7)

Net income $ 1,176 1,017 1,086 16 8

Average balances (in billions)

Loans $ 237.1 229.1 226.5 4 5

Deposits 189.5 185.9 178.0 2 6

In third quarter 2025, we prospectively transferred approximately $8 billion of loans and approximately $6 billion of deposits related to certain business customers to Consumer, Small and Business Banking in the Consumer Banking and Lending operating segment.

Second Quarter 2026 vs. Second Quarter 2025

◦Revenue increased 6%

▪Net interest income was up 3% due to higher loan and interest-bearing deposit balances, partially offset by the impact of lower interest rates, a decline in noninterest-bearing deposit balances, and the transfer noted above

▪Noninterest income was up 13% driven by higher revenue from equity investments, tax credit investments, and investment banking

◦Noninterest expense decreased 7% due to lower operating costs, the impact of the transfer noted above, as well as the impact of efficiency initiatives

Corporate and Investment Banking delivers a suite of capital markets, banking, and financial products and services to corporate, commercial real estate, government and institutional clients globally. Products and services include corporate banking, investment banking, treasury management, commercial real estate lending and capital markets, equity and fixed income solutions, as well as sales, trading, and research capabilities.

Selected Financial Information

Quarter ended Jun 30, 2026

% Change from

Jun 30,

2026 Mar 31,

2026 Jun 30,

2025 Mar 31,

2026 Jun 30,

2025

Earnings (in millions)

Banking:

Lending $ 724 700 601 3 % 20

Treasury Management and Payments 661 655 611 1 8

Investment Banking 628 602 463 4 36

Total Banking 2,013 1,957 1,675 3 20

Commercial Real Estate 1,197 1,146 1,212 4 (1)

Markets:

Fixed Income, Currencies, and Commodities (FICC) 1,536 1,583 1,391 (3) 10

Equities 635 543 387 17 64

Credit Adjustment (CVA/DVA/FVA) and Other 35 47 1 (26) NM

Total Markets 2,206 2,173 1,779 2 24

Other 9 2 7 350 29

Total revenue 5,425 5,278 4,673 3 16

Provision for credit losses (181) 175 103 NM NM

Noninterest expense 2,497 2,692 2,251 (7) 11

Net income $ 2,329 1,809 1,737 29 34

Average balances (in billions)

Loans $ 359.4 342.3 285.9 5 26

Deposits 234.8 214.3 202.4 10 16

NM – Not meaningful

Second Quarter 2026 vs. Second Quarter 2025

◦Revenue increased 16%

▪Banking was up 20% on higher investment banking fees driven by Equity and Debt Capital Markets and higher loan and interest-bearing deposit balances, partially offset by the impact of lower interest rates and a modest decline in noninterest-bearing deposit balances

▪Commercial Real Estate was down 1% due to the impact of lower interest rates, partially offset by higher capital markets activity and higher loan balances

▪Markets was up 24% driven by strong performance in equities and higher revenue across most FICC products including the impact of balance sheet growth

◦Noninterest expense increased 11% driven by higher personnel expense, professional and outside services expense, and operating costs, partially offset by the impact of efficiency initiatives

Wealth and Investment Management provides personalized wealth management, brokerage, financial planning, lending, trust and fiduciary products and services to affluent, high-net worth and ultra-high-net worth clients. We operate through financial advisors in our brokerage and wealth offices, independent offices, and digitally through WellsTrade® and Intuitive Investor®.

Selected Financial Information

Quarter ended Jun 30, 2026

% Change from

Jun 30,

2026 Mar 31,

2026 Jun 30,

2025 Mar 31,

2026 Jun 30,

2025

Earnings (in millions)

Net interest income $ 919 905 785 2 % 17

Noninterest income 2,973 2,970 2,653 — 12

Total revenue 3,892 3,875 3,438 — 13

Provision for credit losses 17 (10) 12 270 42

Noninterest expense 3,160 3,262 2,865 (3) 10

Net income $ 537 468 420 15 28

Total Company-wide client assets (in billions) 2,691 2,483 2,346 8 15

Average balances (in billions)

Loans $ 91.1 88.4 81.3 3 12

Deposits 109.8 112.1 99.5 (2) 10

Second Quarter 2026 vs. Second Quarter 2025

◦Revenue increased 13%

▪Net interest income was up 17% driven by lower deposit pricing and higher deposit and loan balances

▪Noninterest income was up 12% on higher investment advisory fees driven by an increase in market valuations

◦Noninterest expense increased 10% due to higher revenue-related compensation expense, partially offset by the impact of efficiency initiatives

Corporate includes corporate treasury and enterprise functions, net of expense allocations, in support of the reportable operating segments (including funds transfer pricing, capital, and liquidity), as well as our investment portfolio and venture capital investments. Corporate also includes results for previously divested businesses.

Selected Financial Information

Quarter ended Jun 30, 2026

% Change from

Jun 30,

2026 Mar 31,

2026 Jun 30,

2025 Mar 31,

2026 Jun 30,

2025

Earnings (in millions)

Net interest income $ (589) (460) (103) (28) % NM

Noninterest income 1,002 228 662 339 51

Total revenue 413 (232) 559 278 (26)

Provision for credit losses 2 2 (12) — 117

Noninterest expense 306 179 565 71 (46)

Net income $ 75 18 328 317 (77)

NM – Not meaningful

Second Quarter 2026 vs. Second Quarter 2025

◦Revenue decreased driven by lower net interest income due to the impact of lower interest rates on crediting rates to our operating segments, a decrease in other noninterest income as second quarter 2025 included a gain associated with our merchant services joint venture acquisition, and lower lease income related to the sale of our rail car leasing business. These decreases were partially offset by strong performance from our venture capital investments

◦Noninterest expense decreased due to lower operating losses and lower lease expense related to the sale of our rail car leasing business

Endnotes

Page 1 – Company-wide Financial Summary / Operating Segments and Other Highlights

1.Includes provision for credit losses for loans, debt securities, and other financial assets.

2.Represents our Common Equity Tier 1 (CET1) ratio calculated under the Standardized Approach, which is our binding CET1 framework. See the table on page 26 of the 2Q26 Quarterly Supplement for more information on CET1. CET1 for June 30, 2026, is a preliminary estimate.

3.Return on equity (ROE) represents Wells Fargo net income applicable to common stock divided by average common stockholders’ equity.

4.Tangible common equity and return on average tangible common equity (ROTCE) are non-GAAP financial measures. For additional information, including a corresponding reconciliation to GAAP financial measures, see the “Tangible Common Equity” tables on pages 24-25 of the 2Q26 Quarterly Supplement.

5.In third quarter 2025, we prospectively transferred approximately $8 billion of loans and approximately $6 billion of deposits related to certain business customers from the Commercial Banking operating segment to Consumer, Small and Business Banking in the Consumer Banking and Lending operating segment.

Page 2 – Selected Company-wide Financial Information

1.Includes provision for credit losses for loans, debt securities, and other financial assets.

2.Tangible common equity and return on average tangible common equity (ROTCE) are non-GAAP financial measures. For additional information, including a corresponding reconciliation to GAAP financial measures, see the “Tangible Common Equity” tables on pages 24-25 of the 2Q26 Quarterly Supplement.

3.The efficiency ratio is noninterest expense divided by total revenue (net interest income and noninterest income).

Page 3 – Selected Company-wide Capital and Liquidity Information

1.Tangible common equity is a non-GAAP financial measure. For additional information, including a corresponding reconciliation to GAAP financial measures, see the “Tangible Common Equity” tables on pages 24-25 of the 2Q26 Quarterly Supplement.

2.Represents our CET1 ratio calculated under the Standardized Approach, which is our binding CET1 framework. See the table on page 26 of the 2Q26 Quarterly Supplement for more information on CET1. CET1 for June 30, 2026, is a preliminary estimate.

3.Represents TLAC divided by risk-weighted assets (RWAs), which is our binding TLAC ratio, determined by using the greater of RWAs under the Standardized and Advanced Approaches. TLAC for June 30, 2026, is a preliminary estimate.

4.SLR for June 30, 2026, is a preliminary estimate.

5.Represents average high-quality liquid assets divided by average projected net cash outflows, as each is defined under the LCR rule. LCR for June 30, 2026, is a preliminary estimate.

Page 4 – Operating Segment Performance – Consumer Banking and Lending

1.In third quarter 2025, we prospectively transferred approximately $8 billion of loans and approximately $6 billion of deposits related to certain business customers from the Commercial Banking operating segment to Consumer, Small and Business Banking in the Consumer Banking and Lending operating segment.

Conference Call

The Company will host a live conference call on Tuesday, July 14, at 10:00 a.m. ET. You may listen to the call by dialing 1-888-673-9782 (U.S. and Canada) or 312-470-7126 (International/U.S. Toll) and enter passcode: 8320644#. The call will also be available online at https://www.wellsfargo.com/about/investor-relations/quarterly-earnings/ and

https://metroconnections-events.com/wf2Qearnings26.

A replay of the conference call will be available from approximately 1:00 p.m. ET on Tuesday, July 14 through

Tuesday, July 28. Please dial 1-800-835-4112 (U.S. and Canada) or 203-369-3829 (International/U.S. Toll) and enter passcode: 1524#. The replay will also be available online at

https://www.wellsfargo.com/about/investor-relations/quarterly-earnings/ and

https://metroconnections-events.com/wf2Qearnings26.

Forward-Looking Statements

This document contains forward-looking statements. In addition, we may make forward-looking statements in our other documents filed or furnished with the Securities and Exchange Commission (SEC), and our management may make forward-looking statements orally to analysts, investors, representatives of the media and others. Forward-looking statements can be identified by words such as “anticipates,” “intends,” “plans,” “seeks,” “believes,” “estimates,” “expects,” “target,” “projects,” “outlook,” “forecast,” “will,” “may,” “could,” “should,” “can” and similar references to future periods. In particular, forward-looking statements include, but are not limited to, statements we make about: (i) the future operating or financial performance of the Company or any of its businesses, including our outlook for future growth; (ii) our expectations regarding noninterest expense and our efficiency ratio; (iii) future credit quality and performance, including our expectations regarding future loan losses, our allowance for credit losses, and the economic scenarios considered to develop the allowance; (iv) our expectations regarding net interest income and net interest margin; (v) loan growth or the reduction or mitigation of risk in our loan portfolios; (vi) future capital or liquidity levels, ratios or targets; (vii) the expected outcome and impact of legal, regulatory and legislative developments, as well as our expectations regarding compliance therewith; (viii) future common stock dividends, common share repurchases and other uses of capital; (ix) our targeted range for return on assets, return on equity, and return on tangible common equity; (x) expectations regarding our effective income tax rate; (xi) the outcome of contingencies, such as legal actions; (xii) sustainability and governance related goals or commitments; and (xiii) the Company’s plans, objectives and strategies.

Forward-looking statements are not based on historical facts but instead represent our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Our actual results may differ materially from those contemplated by the forward-looking statements. We caution you, therefore, against relying on any of these forward-looking statements. They are neither statements of historical fact nor guarantees or assurances of future performance. While there is no assurance that any list of risks and uncertainties or risk factors is complete, important factors that could cause actual results to differ materially from those in the forward-looking statements include the following, without limitation:

•current and future economic and market conditions, including the effects of declines in housing prices, high unemployment rates, declines in commercial real estate prices, U.S. fiscal debt, budget and tax matters, geopolitical matters, trade policies, and any slowdown in global economic growth;

•our capital and liquidity requirements (including under regulatory capital standards, such as the Basel III capital standards) and our ability to generate capital internally or raise capital on favorable terms;

•current, pending or future legislation or regulation that could have a negative effect on our revenue and businesses, including rules and regulations relating to bank products and financial services;

•our ability to realize any efficiency ratio or expense target as part of our expense management initiatives, including as a result of business and economic cyclicality, seasonality, changes in our business composition and operating environment, growth in our businesses and/or acquisitions, and unexpected expenses relating to, among other things, litigation and regulatory matters;

•the effect of the current interest rate environment or changes in interest rates or in the level or composition of our assets or liabilities on our net interest income and net interest margin;

•significant turbulence or a disruption in the capital or financial markets, which could result in, among other things, a reduction in the availability of funding or increased funding costs, a reduction in our ability to sell or securitize loans, and declines in asset values and/or recognition of impairment of securities held in our debt securities and equity securities portfolios;

•the effect of a fall in stock market prices on our investment banking business and our fee income from our brokerage and wealth management businesses;

•negative effects from instances where customers may have experienced financial harm, including on our legal, operational and compliance costs, our ability to engage in certain business activities or offer certain products or services, our ability to keep and attract customers, our ability to attract and retain qualified employees, and our reputation;

•regulatory matters, including the failure to resolve outstanding matters on a timely basis and the potential impact of new matters, litigation, or other legal actions, which may result in, among other things, additional costs, fines, penalties, restrictions on our business activities, reputational harm, or other adverse consequences;

•a failure in or breach of our operational or security systems or infrastructure, or those of our third-party vendors or other service providers, including as a result of cyberattacks;

•the effect of technological changes, including artificial intelligence and digital assets, on us, our customers, or our competitive landscape;

•the effect of changes in the level of checking or savings account deposits on our funding costs and net interest margin;

•fiscal and monetary policies of the Federal Reserve Board;

•changes to tax laws, regulations, and guidance as well as the effect of discrete items on our effective income tax rate;

•our ability to develop and execute effective business plans and strategies; and

•the other risk factors and uncertainties described under “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2025.

In addition to the above factors, we also caution that the amount and timing of any future common stock dividends or repurchases will depend on the earnings, cash requirements and financial condition of the Company, the impact to our balance sheet of expected customer activity, our capital requirements and long-term targeted capital structure, the results of supervisory stress tests, market conditions (including the trading price of our stock), regulatory and legal considerations, including regulatory requirements under the Federal Reserve Board’s capital plan rule, and other factors deemed relevant by the Company, and may be subject to regulatory approval or conditions.

For additional information about factors that could cause actual results to differ materially from our expectations, refer to our reports filed with the SEC, including the discussion under “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2025, as filed with the SEC and available on its website at www.sec.gov1.

Any forward-looking statement made by us speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.

Forward-looking Non-GAAP Financial Measures. From time to time we may provide forward-looking non-GAAP financial measures, such as forward-looking estimates or targets for return on average tangible common equity or for net interest income excluding Markets. We are unable to provide a reconciliation of forward-looking non-GAAP financial measures to their most directly comparable GAAP financial measures because we are unable to provide, without unreasonable effort, a meaningful or accurate calculation or estimation of amounts that would be necessary for the reconciliation due to the complexity and inherent difficulty in forecasting and quantifying future amounts or when they may occur. Such unavailable information could be significant to future results.

1 We do not control this website. Wells Fargo has provided this link for your convenience, but does not endorse and is not responsible for the content, links, privacy policy, or security policy of this website.

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $2.3 trillion in assets. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo ranked No. 38 on Fortune’s 2026 rankings of America’s largest corporations.

Contact Information

Media

Beth Richek, 980-308-1568

beth.richek@wellsfargo.com

Investor Relations

John M. Campbell, 415-396-0523

john.m.campbell@wellsfargo.com

EX-99.2 — EXHIBIT 99.2

EX-99.2

Filename: wfc2qer07-14x26ex992xsuppl.htm · Sequence: 3

Document

Exhibit 99.2

2Q26 Quarterly Supplement

Wells Fargo & Company and Subsidiaries

QUARTERLY FINANCIAL DATA

TABLE OF CONTENTS

Page

Consolidated Results

Summary Financial Data

Consolidated Statement of Income

Consolidated Balance Sheet

Average Balances and Interest Rates (Taxable-Equivalent Basis)

Reportable Operating Segment Results

Combined Segment Results

Consumer Banking and Lending

Commercial Banking

Corporate and Investment Banking

Wealth and Investment Management

Corporate

Credit-Related Information

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

Net Loan Charge-offs

Changes in Allowance for Credit Losses for Loans

Allocation of the Allowance for Credit Losses for Loans

Nonperforming Assets (Nonaccrual Loans and Foreclosed Assets)

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

Other

Tangible Common Equity

Risk-Based Capital Ratios Under Basel III

Net Interest Income Excluding Markets

Wells Fargo & Company and Subsidiaries

SUMMARY FINANCIAL DATA

Quarter ended Jun 30, 2026

% Change from Six months ended

(in millions, except ratios and per share amounts) Jun 30,

2026 Mar 31,

2026 Dec 31,

2025 Sep 30,

2025 Jun 30,

2025 Mar 31,

2026 Jun 30,

2025 Jun 30,

2026 Jun 30,

2025 %

Change

Selected Income Statement Data

Total revenue $ 22,622 21,446 21,292 21,436 20,822 5 % 9 $ 44,068 40,971 8 %

Noninterest expense 13,661 14,330 13,726 13,846 13,379 (5) 2 27,991 27,270 3

Pre-tax pre-provision profit (PTPP) (1) 8,961 7,116 7,566 7,590 7,443 26 20 16,077 13,701 17

Provision for credit losses (2) 914 1,135 1,040 681 1,005 (19) (9) 2,049 1,937 6

Wells Fargo net income 6,407 5,253 5,361 5,589 5,494 22 17 11,660 10,388 12

Wells Fargo net income applicable to common stock 6,160 5,000 5,114 5,341 5,214 23 18 11,160 9,830 14

Common Share Data

Diluted earnings per common share 2.00 1.60 1.62 1.66 1.60 25 25 3.60 2.98 21

Dividends declared per common share

0.45 0.45 0.45 0.45 0.40 — 13 0.90 0.80 13

Common shares outstanding 3,028.5 3,064.3 3,092.6 3,148.9 3,220.4 (1) (6)

Average common shares outstanding 3,044.0 3,080.0 3,113.8 3,182.2 3,232.7 (1) (6) 3,061.9 3,256.4 (6)

Diluted average common shares outstanding 3,074.6 3,117.7 3,159.0 3,223.5 3,267.0 (1) (6) 3,096.0 3,294.2 (6)

Book value per common share (3) $ 54.48 53.25 53.24 52.30 51.13 2 7

Tangible book value per common share (3)(4)

46.13 44.98 45.02 44.18 43.18 3 7

Selected Equity Data (period-end)

Total equity 182,323 180,313 183,038 183,012 182,954 1 —

Common stockholders' equity 164,981 163,188 164,651 164,687 164,644 1 —

Tangible common equity (4)

139,703 137,817 139,219 139,119 139,057 1 —

Performance Ratios

Return on average assets (ROA) (5) 1.15 % 0.98 1.02 1.10 1.14 1.07 % 1.09

Return on average equity (ROE) (6) 15.0 12.2 12.3 12.8 12.8 13.6 12.2

Return on average tangible common equity (ROTCE) (4)

17.7 14.5 14.5 15.2 15.2 16.1 14.4

Efficiency ratio (7)

60 67 64 65 64 64 67

Net interest margin on a taxable-equivalent basis 2.43 2.47 2.60 2.61 2.68 2.45 2.67

Average deposit cost 1.51 1.43 1.44 1.54 1.52 1.47 1.55

(1)Pre-tax pre-provision profit (PTPP) is total revenue less noninterest expense. Management believes that PTPP is a useful financial measure because it enables investors and others to assess the Company’s ability to generate capital to cover credit losses through a credit cycle.

(2)Includes provision for credit losses for loans, debt securities, and other financial assets.

(3)Book value per common share is common stockholders' equity divided by common shares outstanding. Tangible book value per common share is tangible common equity divided by common shares outstanding.

(4)Tangible common equity, tangible book value per common share, and return on average tangible common equity are non-GAAP financial measures. For additional information, including a corresponding reconciliation to GAAP financial measures, see the “Tangible Common Equity” tables on pages 24 and 25.

(5)Represents Wells Fargo net income divided by average assets.

(6)Represents Wells Fargo net income applicable to common stock divided by average common stockholders’ equity.

(7)The efficiency ratio is noninterest expense divided by total revenue (net interest income and noninterest income).

-3-

Wells Fargo & Company and Subsidiaries

SUMMARY FINANCIAL DATA (continued)

Quarter ended Jun 30, 2026

% Change from Six months ended

($ in millions, unless otherwise noted) Jun 30,

2026 Mar 31,

2026 Dec 31,

2025 Sep 30,

2025 Jun 30,

2025 Mar 31,

2026 Jun 30,

2025 Jun 30,

2026 Jun 30,

2025 %

Change

Selected Balance Sheet Data (average)

Loans $ 1,026,479 996,025 955,849 928,677 916,719 3 % 12 $ 1,011,336 912,474 11 %

Assets 2,227,923 2,168,224 2,079,777 2,010,200 1,933,371 3 15 2,198,238 1,926,554 14

Deposits 1,465,600 1,415,034 1,377,718 1,339,939 1,331,651 4 10 1,440,457 1,335,469 8

Selected Balance Sheet Data (period-end)

Available-for-sale and held-to-maturity debt securities

448,899 426,953 421,596 420,914 406,362 5 10

Loans 1,031,115 1,016,787 986,167 943,102 924,418 1 12

Allowance for credit losses for loans 14,407 14,374 14,337 14,311 14,568 — (1)

Assets 2,282,201 2,205,752 2,148,631 2,062,926 1,981,269 3 15

Deposits 1,501,405 1,454,939 1,426,207 1,367,361 1,340,703 3 12

Headcount (#) (period-end) 197,466 200,999 205,198 210,821 212,804 (2) (7)

Capital and other metrics (1)

Risk-based capital ratios and components (2):

Standardized Approach:

Common Equity Tier 1 (CET1) 10.3 % 10.3 10.6 11.0 11.1

Tier 1 capital 11.4 11.4 11.9 12.3 12.5

Total capital 13.7 13.8 14.3 14.8 15.0

Risk-weighted assets (RWAs) (in billions) $ 1,342.2 1,316.0 1,294.6 1,242.4 1,225.9 2 9

Advanced Approach:

Common Equity Tier 1 (CET1) 12.1 % 12.1 12.4 12.7 12.7

Tier 1 capital 13.4 13.4 13.8 14.3 14.3

Total capital 15.3 15.3 15.7 16.2 16.2

Risk-weighted assets (RWAs) (in billions) $ 1,140.6 1,121.0 1,112.5 1,072.2 1,070.4 2 7

Tier 1 leverage ratio

6.9 % 7.0 7.5 7.7 8.0

Supplementary Leverage Ratio (SLR)

5.8 5.9 6.2 6.4 6.7

Total Loss Absorbing Capacity (TLAC) Ratio (3)

22.8 23.0 23.2 24.6 24.4

Liquidity Coverage Ratio (LCR) (4)

119 120 119 121 121

(1)Ratios and metrics for June 30, 2026, are preliminary estimates.

(2)See the table on page 26 for more information on CET1, Tier 1 capital, and total capital.

(3)Represents TLAC divided by risk-weighted assets (RWAs), which is our binding TLAC ratio, determined by using the greater of RWAs under the Standardized and Advanced Approaches.

(4)Represents average high-quality liquid assets divided by average projected net cash outflows, as each is defined under the LCR rule.

-4-

Wells Fargo & Company and Subsidiaries

CONSOLIDATED STATEMENT OF INCOME

Quarter ended Jun 30, 2026

% Change from Six months ended

(in millions, except per share amounts) Jun 30,

2026 Mar 31,

2026 Dec 31,

2025 Sep 30,

2025 Jun 30,

2025 Mar 31,

2026 Jun 30,

2025 Jun 30,

2026 Jun 30,

2025 %

Change

Interest income $ 23,284 22,445 22,602 22,419 21,320 4 % 9 $ 45,729 42,293 8 %

Interest expense 10,967 10,349 10,271 10,469 9,612 6 14 21,316 19,090 12

Net interest income 12,317 12,096 12,331 11,950 11,708 2 5 24,413 23,203 5

Noninterest income

Deposit-related fees 1,357 1,319 1,291 1,290 1,249 3 9 2,676 2,518 6

Lending-related fees 405 393 393 384 373 3 9 798 737 8

Investment advisory and other asset-based fees 2,821 2,824 2,803 2,660 2,499 — 13 5,645 5,035 12

Commissions and brokerage services fees 687 667 657 651 610 3 13 1,354 1,248 8

Investment banking fees 939 796 716 840 696 18 35 1,735 1,471 18

Card fees 1,222 1,138 1,149 1,223 1,173 7 4 2,360 2,217 6

Mortgage banking 256 201 322 268 230 27 11 457 562 (19)

Net gains from trading activities

1,393 1,351 979 1,408 1,376 3 1 2,744 2,760 (1)

Net gains (losses) from debt securities

1 — 3 — — NM NM 1 (147) 101

Net gains (losses) from equity securities

847 172 319 149 119 392 612 1,019 (224) 555

Other

377 489 329 613 789 (23) (52) 866 1,591 (46)

Total noninterest income 10,305 9,350 8,961 9,486 9,114 10 13 19,655 17,768 11

Total revenue 22,622 21,446 21,292 21,436 20,822 5 9 44,068 40,971 8

Provision for credit losses (1) 914 1,135 1,040 681 1,005 (19) (9) 2,049 1,937 6

Noninterest expense

Personnel 8,851 9,593 9,077 9,021 8,709 (8) 2 18,444 18,183 1

Technology, telecommunications and equipment 1,457 1,397 1,374 1,319 1,287 4 13 2,854 2,510 14

Occupancy 803 778 840 784 766 3 5 1,581 1,527 4

Professional and outside services 1,109 1,066 1,236 1,177 1,089 4 2 2,175 2,127 2

Advertising and promotion 361 369 352 295 266 (2) 36 730 447 63

Other

1,080 1,127 847 1,250 1,262 (4) (14) 2,207 2,476 (11)

Total noninterest expense 13,661 14,330 13,726 13,846 13,379 (5) 2 27,991 27,270 3

Income before income tax expense

8,047 5,981 6,526 6,909 6,438 35 25 14,028 11,764 19

Income tax expense

1,402 691 1,103 1,300 916 103 53 2,093 1,438 46

Net income before noncontrolling interests 6,645 5,290 5,423 5,609 5,522 26 20 11,935 10,326 16

Less: Net income (loss) from noncontrolling interests

238 37 62 20 28 543 750 275 (62) 544

Wells Fargo net income $ 6,407 5,253 5,361 5,589 5,494 22 % 17 $ 11,660 10,388 12 %

Less: Preferred stock dividends and other 247 253 247 248 280 (2) (12) 500 558 (10)

Wells Fargo net income applicable to common stock $ 6,160 5,000 5,114 5,341 5,214 23 % 18 $ 11,160 9,830 14 %

Per share information

Earnings per common share $ 2.02 1.62 1.64 1.68 1.61 25 % 25 $ 3.64 3.02 21 %

Diluted earnings per common share 2.00 1.60 1.62 1.66 1.60 25 25 3.60 2.98 21

NM – Not meaningful

(1)Includes provision for credit losses for loans, debt securities, and other financial assets.

-5-

Wells Fargo & Company and Subsidiaries

CONSOLIDATED BALANCE SHEET

Jun 30, 2026

% Change from

(in millions, except shares)

Jun 30,

2026 Mar 31,

2026 Dec 31,

2025 Sep 30,

2025 Jun 30,

2025 Mar 31,

2026 Jun 30,

2025

Assets

Cash and due from banks $ 42,161 33,543 39,182 34,801 35,081 26 % 20

Interest-earning deposits with banks 161,214 141,241 135,028 139,524 159,480 14 1

Federal funds sold and securities borrowed or purchased under resale agreements

205,345 215,599 193,929 154,576 104,815 (5) 96

Trading assets

243,168 221,711 227,935 225,624 192,933 10 26

Available-for-sale debt securities

250,326 222,873 213,573 206,682 184,869 12 35

Held-to-maturity debt securities

198,573 204,080 208,023 214,232 221,493 (3) (10)

Loans 1,031,115 1,016,787 986,167 943,102 924,418 1 12

Allowance for loan losses (13,905) (13,864) (13,797) (13,744) (13,961) — —

Net loans 1,017,210 1,002,923 972,370 929,358 910,457 1 12

Premises and equipment, net 11,631 11,499 11,395 11,040 10,768 1 8

Goodwill 24,963 24,965 24,967 25,069 25,071 — —

Equity securities

42,378 41,126 40,932 39,267 39,051 3 9

Other assets

85,232 86,192 81,297 82,753 97,251 (1) (12)

Total assets $ 2,282,201 2,205,752 2,148,631 2,062,926 1,981,269 3 15

Liabilities

Noninterest-bearing deposits $ 370,116 365,712 365,368 366,814 370,844 1 —

Interest-bearing deposits 1,131,289 1,089,227 1,060,839 1,000,547 969,859 4 17

Total deposits 1,501,405 1,454,939 1,426,207 1,367,361 1,340,703 3 12

Federal funds purchased and securities loaned or sold under repurchase agreements

251,804 234,371 232,687 202,274 161,618 7 56

Short-term borrowings

25,168 32,282 18,323 16,449 13,361 (22) 88

Trading liabilities

56,631 53,647 45,468 45,258 43,531 6 30

Accrued expenses and other liabilities

82,731 66,259 68,196 70,799 62,865 25 32

Long-term debt

182,139 183,941 174,712 177,773 176,237 (1) 3

Total liabilities 2,099,878 2,025,439 1,965,593 1,879,914 1,798,315 4 17

Equity

Wells Fargo stockholders’ equity:

Preferred stock 15,348 15,348 16,608 16,608 16,608 — (8)

Common stock – $1-2/3 par value, authorized 9,000,000,000 shares; issued 5,481,811,474 shares

9,136 9,136 9,136 9,136 9,136 — —

Additional paid-in capital 61,192 60,852 61,288 61,016 60,669 1 1

Retained earnings 237,230 232,459 228,873 225,189 221,308 2 7

Accumulated other comprehensive loss (8,277) (7,922) (6,673) (7,647) (9,366) (4) 12

Treasury stock (1)

(134,439) (131,477) (128,115) (123,148) (117,244) (2) (15)

Total Wells Fargo stockholders’ equity 180,190 178,396 181,117 181,154 181,111 1 (1)

Noncontrolling interests 2,133 1,917 1,921 1,858 1,843 11 16

Total equity 182,323 180,313 183,038 183,012 182,954 1 —

Total liabilities and equity $ 2,282,201 2,205,752 2,148,631 2,062,926 1,981,269 3 15

(1)Number of shares of treasury stock were 2,453,296,138, 2,417,471,421, 2,389,192,624, 2,332,874,793, and 2,261,443,304 at June 30, and March 31, 2026, and December 31, September 30, and June 30, 2025, respectively.

-6-

Wells Fargo & Company and Subsidiaries

AVERAGE BALANCES AND INTEREST RATES (TAXABLE-EQUIVALENT BASIS) (1)

Quarter ended Jun 30, 2026

% Change from Six months ended %

Change

($ in millions) Jun 30, 2026 Mar 31, 2026 Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 Mar 31, 2026 Jun 30, 2025 Jun 30, 2026 Jun 30, 2025

Average Balances

Assets

Interest-earning deposits with banks $ 161,991 152,119 144,428 158,704 137,136 6 % 18 $ 157,082 143,958 9 %

Federal funds sold and securities borrowed or purchased under resale agreements

191,176 192,250 159,759 120,900 105,987 (1) 80 191,710 103,594 85

Trading assets

193,690 192,209 183,706 172,409 157,704 1 23 192,954 157,064 23

Available-for-sale debt securities 235,644 217,181 212,487 200,309 187,390 9 26 226,463 181,503 25

Held-to-maturity debt securities 204,500 209,089 213,545 221,447 227,525 (2) (10) 206,781 230,720 (10)

Loans 1,026,479 996,025 955,849 928,677 916,719 3 12 1,011,336 912,474 11

Equity securities

13,014 13,123 11,712 12,450 12,039 (1) 8 13,068 12,062 8

Other interest-earning assets

18,119 15,321 17,809 17,614 17,660 18 3 16,729 15,891 5

Total interest-earning assets 2,044,613 1,987,317 1,899,295 1,832,510 1,762,160 3 16 2,016,123 1,757,266 15

Total noninterest-earning assets 183,310 180,907 180,482 177,690 171,211 1 7 182,115 169,288 8

Total assets $ 2,227,923 2,168,224 2,079,777 2,010,200 1,933,371 3 15 $ 2,198,238 1,926,554 14

Liabilities

Interest-bearing deposits $ 1,111,204 1,064,033 1,020,494 984,197 970,684 4 14 $ 1,087,749 971,799 12

Federal funds purchased and securities loaned or sold under repurchase agreements

242,917 242,429 215,871 182,636 130,388 — 86 242,675 122,986 97

Short-term borrowings

33,104 29,397 10,869 17,936 6,455 13 413 31,261 4,468 600

Trading liabilities

38,368 35,831 35,702 33,086 30,937 7 24 37,106 30,750 21

Long-term debt 182,830 181,875 177,130 175,944 175,289 1 4 182,355 174,177 5

Other interest-bearing liabilities

21,787 20,498 19,619 20,382 20,906 6 4 21,146 19,769 7

Total interest-bearing liabilities 1,630,210 1,574,063 1,479,685 1,414,181 1,334,659 4 22 1,602,292 1,323,949 21

Noninterest-bearing deposits

354,396 351,001 357,224 355,742 360,967 1 (2) 352,708 363,670 (3)

Other noninterest-bearing liabilities 61,407 59,467 59,024 56,849 54,477 3 13 60,441 55,623 9

Total liabilities 2,046,013 1,984,531 1,895,933 1,826,772 1,750,103 3 17 2,015,441 1,743,242 16

Total equity 181,910 183,693 183,844 183,428 183,268 (1) (1) 182,797 183,312 —

Total liabilities and equity $ 2,227,923 2,168,224 2,079,777 2,010,200 1,933,371 3 15 $ 2,198,238 1,926,554 14

Average Interest Rates

Interest-earning assets

Interest-earning deposits with banks 3.35 % 3.38 3.65 4.01 3.96 3.36 % 3.96

Federal funds sold and securities borrowed or purchased under resale agreements

3.64 3.67 3.95 4.22 4.19 3.65 4.22

Trading assets

3.94 3.89 4.11 3.97 4.02 3.92 3.96

Available-for-sale debt securities 4.43 4.44 4.60 4.66 4.62 4.43 4.55

Held-to-maturity debt securities 2.24 2.27 2.27 2.32 2.35 2.26 2.38

Loans 5.60 5.62 5.78 5.97 5.95 5.61 5.95

Equity securities

2.87 2.79 2.64 2.22 2.19 2.83 2.41

Other interest-earning assets

4.28 3.55 4.78 5.61 4.24 3.94 4.39

Total interest-earning assets 4.58 4.58 4.75 4.88 4.87 4.58 4.86

Interest-bearing liabilities

Interest-bearing deposits 1.99 1.90 1.94 2.09 2.09 1.94 2.13

Federal funds purchased and securities loaned or sold under repurchase agreements

3.72 3.74 4.05 4.39 4.40 3.73 4.40

Short-term borrowings

4.00 4.04 4.47 4.68 5.04 4.02 5.16

Trading liabilities

3.08 3.15 3.23 3.20 3.19 3.11 3.18

Long-term debt 5.22 5.25 5.61 5.89 5.95 5.24 5.96

Other interest-bearing liabilities

3.47 3.60 3.61 3.75 3.61 3.53 3.57

Total interest-bearing liabilities 2.70 2.66 2.76 2.94 2.89 2.68 2.90

Interest rate spread on a taxable-equivalent basis (2)

1.88 1.92 1.99 1.94 1.98 1.90 1.96

Net interest margin on a taxable-equivalent basis (2)

2.43 2.47 2.60 2.61 2.68 2.45 2.67

(1)The average balance amounts represent amortized costs. The average interest rates are based on interest income or expense amounts for the period and are annualized, if applicable. Interest rates include the effects of hedge and risk management activities associated with the respective asset and liability categories.

(2)Includes taxable-equivalent adjustments of $75 million, $72 million, $74 million, $75 million, and $77 million for the quarters ended June 30, and March 31, 2026, and December 31, September 30, and June 30, 2025, respectively, and $147 million and $154 million for the first half of 2026 and 2025, respectively, predominantly related to tax-exempt income on certain loans and securities. The federal statutory tax rate utilized was 21% for the periods presented.

-7-

Wells Fargo & Company and Subsidiaries

COMBINED SEGMENT RESULTS (1)

Quarter ended June 30, 2026

(in millions) Consumer Banking and Lending Commercial Banking Corporate and Investment Banking Wealth and Investment Management Corporate (2) Reconciling Items (3) Consolidated

Company

Net interest income $ 7,742 2,047 2,273 919 (589) (75) 12,317

Noninterest income 2,546 1,071 3,152 2,973 1,002 (439) 10,305

Total revenue 10,288 3,118 5,425 3,892 413 (514) 22,622

Provision for credit losses 945 131 (181) 17 2 — 914

Noninterest expense 6,286 1,412 2,497 3,160 306 — 13,661

Income (loss) before income tax expense (benefit) 3,057 1,575 3,109 715 105 (514) 8,047

Income tax expense (benefit) 767 397 780 178 (206) (514) 1,402

Net income before noncontrolling interests

2,290 1,178 2,329 537 311 — 6,645

Less: Net income from noncontrolling interests

— 2 — — 236 — 238

Net income

$ 2,290 1,176 2,329 537 75 — 6,407

Quarter ended March 31, 2026

Net interest income $ 7,551 1,988 2,184 905 (460) (72) 12,096

Noninterest income 2,447 1,132 3,094 2,970 228 (521) 9,350

Total revenue 9,998 3,120 5,278 3,875 (232) (593) 21,446

Provision for credit losses 818 150 175 (10) 2 — 1,135

Noninterest expense 6,589 1,608 2,692 3,262 179 — 14,330

Income (loss) before income tax expense (benefit) 2,591 1,362 2,411 623 (413) (593) 5,981

Income tax expense (benefit) 650 343 602 155 (466) (593) 691

Net income before noncontrolling interests 1,941 1,019 1,809 468 53 — 5,290

Less: Net income from noncontrolling interests

— 2 — — 35 — 37

Net income $ 1,941 1,017 1,809 468 18 — 5,253

Quarter ended June 30, 2025

Net interest income $ 7,305 1,983 1,815 785 (103) (77) 11,708

Noninterest income 2,383 950 2,858 2,653 662 (392) 9,114

Total revenue 9,688 2,933 4,673 3,438 559 (469) 20,822

Provision for credit losses 945 (43) 103 12 (12) — 1,005

Noninterest expense 6,179 1,519 2,251 2,865 565 — 13,379

Income (loss) before income tax expense (benefit) 2,564 1,457 2,319 561 6 (469) 6,438

Income tax expense (benefit) 641 369 582 141 (348) (469) 916

Net income before noncontrolling interests 1,923 1,088 1,737 420 354 — 5,522

Less: Net income from noncontrolling interests — 2 — — 26 — 28

Net income

$ 1,923 1,086 1,737 420 328 — 5,494

(1)The management reporting process is based on U.S. GAAP and includes specific adjustments, such as for funds transfer pricing for asset/liability management, shared revenues and expenses, and taxable-equivalent adjustments to consistently reflect income from taxable and tax-exempt sources, which allows management to assess performance across the operating segments. We define our operating segments by type of product and customer segment.

(2)All other business activities that are not included in the reportable operating segments have been included in Corporate. Corporate includes corporate treasury and enterprise functions, net of expense allocations, in support of the reportable operating segments (including funds transfer pricing, capital, and liquidity), as well as our investment portfolio and venture capital investments. Corporate also includes results for previously divested businesses.

(3)Taxable-equivalent adjustments related to tax-exempt income on certain loans and debt securities are included in net interest income, while taxable-equivalent adjustments related to income tax credits for affordable housing and renewable energy investments are included in noninterest income, in each case with corresponding impacts to income tax expense (benefit). Adjustments are included in Corporate, Commercial Banking, and Corporate and Investment Banking and are eliminated to reconcile to the Company’s consolidated financial results.

-8-

Wells Fargo & Company and Subsidiaries

COMBINED SEGMENT RESULTS (continued) (1)

Six months ended June 30, 2026

(in millions) Consumer Banking and Lending Commercial Banking Corporate and Investment Banking Wealth and Investment Management Corporate (2) Reconciling Items (3) Consolidated

Company

Net interest income $ 15,293 4,035 4,457 1,824 (1,049) (147) 24,413

Noninterest income 4,993 2,203 6,246 5,943 1,230 (960) 19,655

Total revenue 20,286 6,238 10,703 7,767 181 (1,107) 44,068

Provision for credit losses 1,763 281 (6) 7 4 — 2,049

Noninterest expense 12,875 3,020 5,189 6,422 485 — 27,991

Income (loss) before income tax expense (benefit)

5,648 2,937 5,520 1,338 (308) (1,107) 14,028

Income tax expense (benefit) 1,417 740 1,382 333 (672) (1,107) 2,093

Net income before noncontrolling interests 4,231 2,197 4,138 1,005 364 — 11,935

Less: Net income from noncontrolling interests

— 4 — — 271 — 275

Net income $ 4,231 2,193 4,138 1,005 93 — 11,660

Six months ended June 30, 2025

Net interest income $ 14,344 3,960 3,605 1,515 (67) (154) 23,203

Noninterest income 4,727 1,898 6,132 5,327 449 (765) 17,768

Total revenue 19,071 5,858 9,737 6,842 382 (919) 40,971

Provision for credit losses 1,684 144 103 23 (17) — 1,937

Noninterest expense 12,521 3,189 4,727 5,811 1,022 — 27,270

Income (loss) before income tax expense (benefit)

4,866 2,525 4,907 1,008 (623) (919) 11,764

Income tax expense (benefit) 1,211 641 1,229 239 (963) (919) 1,438

Net income before noncontrolling interests 3,655 1,884 3,678 769 340 — 10,326

Less: Net income (loss) from noncontrolling interests — 4 — — (66) — (62)

Net income $ 3,655 1,880 3,678 769 406 — 10,388

-9-

Wells Fargo & Company and Subsidiaries

CONSUMER BANKING AND LENDING SEGMENT

Quarter ended Jun 30, 2026

% Change from Six months ended

($ in millions) Jun 30,

2026 Mar 31,

2026 Dec 31,

2025 Sep 30,

2025 Jun 30,

2025 Mar 31,

2026 Jun 30,

2025 Jun 30,

2026 Jun 30,

2025 %

Change

Income Statement

Net interest income $ 7,742 7,551 7,661 7,628 7,305 3 % 6 $ 15,293 14,344 7 %

Noninterest income:

Deposit-related fees

747 720 693 698 653 4 14 1,467 1,304 13

Investment advisory and other asset-based fees 264 264 253 249 232 — 14 528 472 12

Commissions and brokerage services fees 127 115 118 133 111 10 14 242 224 8

Card fees 1,148 1,064 1,088 1,162 1,109 8 4 2,212 2,087 6

Mortgage banking

154 163 179 199 169 (6) (9) 317 391 (19)

Other 106 121 118 103 109 (12) (3) 227 249 (9)

Total noninterest income

2,546 2,447 2,449 2,544 2,383 4 7 4,993 4,727 6

Total revenue 10,288 9,998 10,110 10,172 9,688 3 6 20,286 19,071 6

Net charge-offs 799 820 775 766 818 (3) (2) 1,619 1,695 (4)

Change in the allowance for credit losses 146 (2) 136 1 127 NM 15 144 (11) NM

Provision for credit losses 945 818 911 767 945 16 — 1,763 1,684 5

Noninterest expense 6,286 6,589 6,238 6,376 6,179 (5) 2 12,875 12,521 3

Income before income tax expense 3,057 2,591 2,961 3,029 2,564 18 19 5,648 4,866 16

Income tax expense 767 650 742 759 641 18 20 1,417 1,211 17

Net income $ 2,290 1,941 2,219 2,270 1,923 18 19 $ 4,231 3,655 16

Revenue by Line of Business

Consumer, Small and Business Banking $ 7,308 7,019 7,130 7,089 6,748 4 8 $ 14,327 13,199 9

Credit Card

1,614 1,595 1,600 1,663 1,588 1 2 3,209 3,112 3

Home Lending 762 787 807 870 821 (3) (7) 1,549 1,687 (8)

Auto 320 295 282 256 241 8 33 615 478 29

Personal Lending 284 302 291 294 290 (6) (2) 586 595 (2)

Total revenue $ 10,288 9,998 10,110 10,172 9,688 3 6 $ 20,286 19,071 6

Selected Balance Sheet Data (average)

Loans by Line of Business:

Consumer, Small and Business Banking (1) $ 17,892 17,399 17,201 17,520 9,513 3 88 $ 17,647 9,481 86

Credit Card 52,655 53,041 52,898 51,121 49,947 (1) 5 52,847 50,028 6

Home Lending 197,949 198,493 200,226 201,803 203,556 — (3) 198,219 204,526 (3)

Auto 55,701 52,567 48,699 44,775 42,366 6 31 54,143 42,432 28

Personal Lending 13,631 13,765 13,977 13,880 13,651 (1) — 13,698 13,776 (1)

Total loans $ 337,828 335,265 333,001 329,099 319,033 1 6 $ 336,554 320,243 5

Total deposits (1) 828,363 816,621 807,643 808,942 805,537 1 3 822,524 802,725 2

Allocated capital (2) 33,000 33,000 45,500 45,500 45,500 — (27) 33,000 45,500 (27)

Selected Balance Sheet Data (period-end)

Loans by Line of Business:

Consumer, Small and Business Banking (1) $ 18,197 17,891 17,203 17,755 9,696 2 88

Credit Card 53,334 52,266 54,059 51,572 50,084 2 6

Home Lending 198,187 198,516 199,742 201,345 203,062 — (2)

Auto 57,391 54,279 50,954 46,524 43,373 6 32

Personal Lending 13,830 13,608 14,052 13,984 13,790 2 —

Total loans $ 340,939 336,560 336,010 331,180 320,005 1 7

Total deposits (1) 832,165 840,556 821,100 810,992 806,572 (1) 3

NM – Not meaningful

(1)In third quarter 2025, we prospectively transferred approximately $8 billion of loans and approximately $6 billion of deposits related to certain business customers from the Commercial Banking operating segment to Consumer, Small and Business Banking in the Consumer Banking and Lending operating segment.

(2)In first quarter 2026, we updated our assumptions and methodologies used to allocate capital as part of our periodic assessments.

-10-

Wells Fargo & Company and Subsidiaries

CONSUMER BANKING AND LENDING SEGMENT (continued)

Quarter ended Jun 30, 2026

% Change from Six months ended

($ in millions, unless otherwise noted) Jun 30,

2026 Mar 31,

2026 Dec 31,

2025 Sep 30,

2025 Jun 30,

2025 Mar 31,

2026 Jun 30,

2025 Jun 30,

2026 Jun 30,

2025 %

Change

Selected Metrics

Consumer Banking and Lending:

Return on allocated capital (1) 27.1 % 23.1 18.8 19.2 16.4 25.1 % 15.6

Efficiency ratio (2) 61 66 62 63 64 63 66

Retail bank branches (#, period-end) 4,079 4,093 4,090 4,108 4,135 — % (1)

Digital active customers (# in millions, period-end) (3) 38.0 38.1 37.2 37.0 36.6 — 4

Mobile active customers (# in millions, period-end) (3) 33.7 33.5 32.8 32.5 32.1 1 5

Consumer, Small and Business Banking:

Deposit spread (4) 2.60 % 2.58 2.60 2.59 2.53 2.59 % 2.49

Debit card purchase volume ($ in billions) (5) $ 144.8 134.3 137.3 133.6 133.6 8 8 $ 279.1 259.6 8 %

Debit card purchase transactions (# in millions) (5) 2,780 2,582 2,696 2,674 2,655 8 5 5,362 5,141 4

Client assets in advisory and brokerage accounts ($ in billions, period-end) $ 282 261 265 262 249 8 13

Home Lending:

Mortgage loan originations ($ in billions) $ 9.0 6.3 7.5 7.0 7.4 43 22 $ 15.3 11.8 30

% of originations held for sale (HFS) 20.6 % 24.4 21.9 31.0 34.0 22.2 % 35.6

Third party mortgage loans serviced ($ in billions, period-end) (6) $ 361.4 386.6 397.0 433.8 455.5 (7) (21)

Home lending loans 30+ days delinquency rate (period-end) (7)(8)(9) 0.32 % 0.30 0.31 0.32 0.30

Credit Card (5):

Credit card purchase volume ($ in billions)

$ 44.5 40.0 42.2 40.3 39.9 11 12 $ 84.5 76.6 10

Credit card new accounts (# in thousands) 662 631 710 707 452 5 46 1,293 848 52

Credit card loans 30+ days delinquency rate (period-end) (8)(9) 2.58 % 2.77 2.78 2.68 2.63

Credit card loans 90+ days delinquency rate (period-end) (8)(9) 1.34 1.45 1.42 1.34 1.32

Auto:

Auto loan originations ($ in billions) $ 9.7 9.7 10.2 8.8 6.9 — 41 $ 19.4 11.5 69

Auto loans 30+ days delinquency rate (period-end) (8)(9) 1.31 % 1.26 1.52 1.54 1.72

(1)Return on allocated capital is segment net income (loss) applicable to common stock divided by segment average allocated capital. Segment net income (loss) applicable to common stock is segment net income (loss) less allocated preferred stock dividends.

(2)Efficiency ratio is segment noninterest expense divided by segment total revenue (net interest income and noninterest income).

(3)Digital and mobile active customers is the number of consumer and small business customers who have logged on via a digital or mobile device, respectively, in the prior 90 days. Digital active customers includes both online and mobile customers.

(4)Deposit spread is (i) the internal funds transfer pricing credit on segment deposits minus interest paid to customers for segment deposits, divided by (ii) average segment deposits.

(5)Reflects combined activity for consumer and small business customers.

(6)Excludes residential mortgage loans subserviced for others.

(7)Excludes residential mortgage loans that are insured or guaranteed by U.S. government agencies.

(8)Excludes loans held for sale.

(9)Delinquency balances exclude nonaccrual loans.

-11-

Wells Fargo & Company and Subsidiaries

COMMERCIAL BANKING SEGMENT

Quarter ended Jun 30, 2026

% Change from Six months ended

($ in millions) Jun 30,

2026 Mar 31,

2026 Dec 31,

2025 Sep 30,

2025 Jun 30,

2025 Mar 31,

2026 Jun 30,

2025 Jun 30,

2026 Jun 30,

2025 %

Change

Income Statement

Net interest income $ 2,047 1,988 1,993 1,949 1,983 3 % 3 $ 4,035 3,960 2 %

Noninterest income:

Deposit-related fees 325 319 320 311 324 2 — 644 659 (2)

Lending-related fees 148 150 147 144 138 (1) 7 298 274 9

Lease income 106 121 115 119 116 (12) (9) 227 239 (5)

Other 492 542 504 518 372 (9) 32 1,034 726 42

Total noninterest income 1,071 1,132 1,086 1,092 950 (5) 13 2,203 1,898 16

Total revenue 3,118 3,120 3,079 3,041 2,933 — 6 6,238 5,858 6

Net charge-offs 93 58 96 83 98 60 (5) 151 139 9

Change in the allowance for credit losses 38 92 9 (44) (141) (59) 127 130 5 NM

Provision for credit losses 131 150 105 39 (43) (13) 405 281 144 95

Noninterest expense 1,412 1,608 1,443 1,445 1,519 (12) (7) 3,020 3,189 (5)

Income before income tax expense 1,575 1,362 1,531 1,557 1,457 16 8 2,937 2,525 16

Income tax expense 397 343 387 393 369 16 8 740 641 15

Less: Net income from noncontrolling interests 2 2 2 2 2 — — 4 4 —

Net income $ 1,176 1,017 1,142 1,162 1,086 16 8 $ 2,193 1,880 17

Revenue by Product

Lending and leasing $ 1,278 1,250 1,254 1,251 1,262 2 1 $ 2,528 2,529 —

Treasury management and payments 1,307 1,304 1,284 1,206 1,250 — 5 2,611 2,510 4

Other 533 566 541 584 421 (6) 27 1,099 819 34

Total revenue $ 3,118 3,120 3,079 3,041 2,933 — 6 $ 6,238 5,858 6

Selected Metrics

Return on allocated capital 17.2 % 15.0 16.5 16.8 15.8 16.1 % 13.6

Efficiency ratio 45 52 47 48 52 48 54

NM – Not meaningful

-12-

Wells Fargo & Company and Subsidiaries

COMMERCIAL BANKING SEGMENT (continued)

Quarter ended Jun 30, 2026

% Change from Six months ended

($ in millions) Jun 30,

2026 Mar 31,

2026 Dec 31,

2025 Sep 30,

2025 Jun 30,

2025 Mar 31,

2026 Jun 30,

2025 Jun 30,

2026 Jun 30,

2025 %

Change

Selected Balance Sheet Data (average)

Loans:

Commercial and industrial

$ 181,739 174,308 170,565 166,946 167,134 4 % 9 $ 178,044 165,632 7 %

Commercial real estate

40,179 39,481 38,405 37,605 44,373 2 (9) 39,832 44,485 (10)

Lease financing and other 15,209 15,271 15,046 14,805 14,954 — 2 15,240 15,023 1

Total loans (1)

$ 237,127 229,060 224,016 219,356 226,461 4 5 $ 233,116 225,140 4

Total deposits (1)

189,534 185,897 180,989 171,976 177,994 2 6 187,726 180,413 4

Allocated capital 26,000 26,000 26,000 26,000 26,000 — — 26,000 26,000 —

Selected Balance Sheet Data (period-end)

Loans:

Commercial and industrial

$ 183,633 181,173 173,931 170,031 169,958 1 8

Commercial real estate

40,648 40,029 39,227 38,030 44,484 2 (9)

Lease financing and other 15,527 15,375 15,469 15,174 15,102 1 3

Total loans (1)

$ 239,808 236,577 228,627 223,235 229,544 1 4

Total deposits (1)

198,805 189,802 190,004 176,954 179,848 5 11

(1)In third quarter 2025, we prospectively transferred approximately $8 billion of loans and approximately $6 billion of deposits related to certain business customers to Consumer, Small and Business Banking in the Consumer Banking and Lending operating segment.

-13-

Wells Fargo & Company and Subsidiaries

CORPORATE AND INVESTMENT BANKING SEGMENT

Quarter ended Jun 30, 2026

% Change from Six months ended

($ in millions) Jun 30,

2026 Mar 31,

2026 Dec 31,

2025 Sep 30,

2025 Jun 30,

2025 Mar 31,

2026 Jun 30,

2025 Jun 30,

2026 Jun 30,

2025 %

Change

Income Statement

Net interest income $ 2,273 2,184 2,082 1,870 1,815 4 % 25 $ 4,457 3,605 24 %

Noninterest income:

Deposit-related fees 277 274 272 273 266 1 4 551 541 2

Lending-related fees 229 217 220 214 209 6 10 446 410 9

Investment banking fees 948 844 694 826 700 12 35 1,792 1,465 22

Net gains from trading activities

1,309 1,382 927 1,367 1,335 (5) (2) 2,691 2,693 —

Other

389 377 421 329 348 3 12 766 1,023 (25)

Total noninterest income 3,152 3,094 2,534 3,009 2,858 2 10 6,246 6,132 2

Total revenue 5,425 5,278 4,616 4,879 4,673 3 16 10,703 9,737 10

Net charge-offs (15) 224 182 96 75 NM NM 209 172 22

Change in the allowance for credit losses (166) (49) (104) (203) 28 NM NM (215) (69) NM

Provision for credit losses (181) 175 78 (107) 103 NM NM (6) 103 NM

Noninterest expense 2,497 2,692 2,347 2,362 2,251 (7) 11 5,189 4,727 10

Income before income tax expense 3,109 2,411 2,191 2,624 2,319 29 34 5,520 4,907 12

Income tax expense 780 602 552 658 582 30 34 1,382 1,229 12

Net income $ 2,329 1,809 1,639 1,966 1,737 29 34 $ 4,138 3,678 13

Revenue by Line of Business

Banking:

Lending $ 724 700 656 647 601 3 20 $ 1,424 1,219 17

Treasury Management and Payments 661 655 648 630 611 1 8 1,316 1,229 7

Investment Banking 628 602 457 554 463 4 36 1,230 997 23

Total Banking 2,013 1,957 1,761 1,831 1,675 3 20 3,970 3,445 15

Commercial Real Estate 1,197 1,146 1,236 1,186 1,212 4 (1) 2,343 2,661 (12)

Markets:

Fixed Income, Currencies, and Commodities (FICC) 1,536 1,583 1,164 1,355 1,391 (3) 10 3,119 2,773 12

Equities 635 543 453 450 387 17 64 1,178 835 41

Credit Adjustment (CVA/DVA/FVA) and Other

35 47 (15) 48 1 (26) NM 82 (2) NM

Total Markets 2,206 2,173 1,602 1,853 1,779 2 24 4,379 3,606 21

Other 9 2 17 9 7 350 29 11 25 (56)

Total revenue $ 5,425 5,278 4,616 4,879 4,673 3 16 $ 10,703 9,737 10

Selected Metrics

Return on allocated capital 19.2 % 14.9 13.8 16.8 14.9 17.1 % 15.9

Efficiency ratio 46 51 51 48 48 48 49

NM – Not meaningful

-14-

Wells Fargo & Company and Subsidiaries

CORPORATE AND INVESTMENT BANKING SEGMENT (continued)

Quarter ended Jun 30, 2026

% Change from Six months ended

($ in millions) Jun 30,

2026 Mar 31,

2026 Dec 31,

2025 Sep 30,

2025 Jun 30,

2025 Mar 31,

2026 Jun 30,

2025 Jun 30,

2026 Jun 30,

2025 %

Change

Selected Balance Sheet Data (average)

Loans:

Commercial and industrial $ 278,389 262,181 233,429 214,774 202,473 6 % 37 $ 270,330 197,590 37 %

Commercial real estate 80,984 80,134 79,437 81,121 83,413 1 (3) 80,561 84,020 (4)

Total loans $ 359,373 342,315 312,866 295,895 285,886 5 26 $ 350,891 281,610 25

Loans by Line of Business:

Banking $ 124,981 117,741 100,961 92,787 88,994 6 40 $ 121,381 87,768 38

Commercial Real Estate 123,146 119,452 116,584 117,115 117,917 3 4 121,309 117,619 3

Markets 111,246 105,122 95,321 85,993 78,975 6 41 108,201 76,223 42

Total loans $ 359,373 342,315 312,866 295,895 285,886 5 26 $ 350,891 281,610 25

Trading-related assets:

Trading assets, excluding derivative assets

$ 204,106 205,653 197,928 177,045 158,449 (1) 29 $ 204,875 158,996 29

Derivative assets 26,518 22,375 22,392 22,682 23,404 19 13 24,458 21,556 13

Securities borrowed or purchased under resale agreements

170,853 169,870 144,040 115,868 101,894 1 68 170,364 99,546 71

Total trading-related assets

$ 401,477 397,898 364,360 315,595 283,747 1 41 $ 399,697 280,098 43

Total assets 825,944 801,973 735,281 679,877 641,499 3 29 814,025 626,352 30

Total deposits 234,762 214,345 214,520 204,056 202,420 10 16 224,610 203,163 11

Allocated capital (1)

46,500 46,500 44,000 44,000 44,000 — 6 46,500 44,000 6

Selected Balance Sheet Data (period-end)

Loans:

Commercial and industrial $ 275,653 272,820 253,004 224,462 208,161 1 32

Commercial real estate 80,099 80,331 80,505 79,518 82,417 — (3)

Total loans $ 355,752 353,151 333,509 303,980 290,578 1 22

Loans by Line of Business:

Banking $ 120,812 124,115 111,260 95,215 90,999 (3) 33

Commercial Real Estate 123,316 119,402 118,516 116,314 117,233 3 5

Markets 111,624 109,634 103,733 92,451 82,346 2 36

Total loans $ 355,752 353,151 333,509 303,980 290,578 1 22

Trading-related assets:

Trading assets, excluding derivative assets

$ 217,646 198,601 205,356 202,471 168,029 10 30

Derivative assets 25,759 23,221 22,474 22,574 24,700 11 4

Securities borrowed or purchased under resale agreements

201,312 166,833 170,661 130,196 100,268 21 101

Total trading-related assets

$ 444,717 388,655 398,491 355,241 292,997 14 52

Total assets 862,472 805,350 787,751 715,683 658,029 7 31

Total deposits 250,097 214,501 224,146 211,051 208,048 17 20

(1)In first quarter 2026, we updated our assumptions and methodologies used to allocate capital as part of our periodic assessments.

-15-

Wells Fargo & Company and Subsidiaries

WEALTH AND INVESTMENT MANAGEMENT (WIM) SEGMENT

Quarter ended Jun 30, 2026

% Change from Six months ended

($ in millions, unless otherwise noted) Jun 30,

2026 Mar 31,

2026 Dec 31,

2025 Sep 30,

2025 Jun 30,

2025 Mar 31,

2026 Jun 30,

2025 Jun 30,

2026 Jun 30,

2025 %

Change

Income Statement

Net interest income $ 919 905 868 851 785 2 % 17 $ 1,824 1,515 20 %

Noninterest income:

Investment advisory and other asset-based fees 2,506 2,503 2,492 2,353 2,208 — 13 5,009 4,442 13

Commissions and brokerage services fees 437 438 442 424 400 — 9 875 821 7

Other 30 29 19 46 45 3 (33) 59 64 (8)

Total noninterest income 2,973 2,970 2,953 2,823 2,653 — 12 5,943 5,327 12

Total revenue 3,892 3,875 3,821 3,674 3,438 — 13 7,767 6,842 14

Net charge-offs (1) (1) — (1) 6 — NM (2) — NM

Change in the allowance for credit losses 18 (9) (9) (13) 6 300 200 9 23 (61)

Provision for credit losses 17 (10) (9) (14) 12 270 42 7 23 (70)

Noninterest expense 3,160 3,262 3,074 3,013 2,865 (3) 10 6,422 5,811 11

Income before income tax expense 715 623 756 675 561 15 27 1,338 1,008 33

Income tax expense 178 155 191 169 141 15 26 333 239 39

Net income $ 537 468 565 506 420 15 28 $ 1,005 769 31

Selected Metrics

Return on allocated capital 32.4 % 28.4 33.6 29.9 25.0 30.4 % 23.0

Efficiency ratio 81 84 80 82 83 83 85

Client assets ($ in billions, period-end):

Advisory assets

$ 1,225 1,119 1,127 1,104 1,042 9 18

Other brokerage assets and deposits

1,466 1,364 1,382 1,369 1,304 7 12

Total Company-wide client assets (1) $ 2,691 2,483 2,509 2,473 2,346 8 15

Total WIM client assets $ 2,409 2,222 2,244 2,211 2,097 8 15

Selected Balance Sheet Data (average)

Total loans $ 91,143 88,386 84,949 82,330 81,271 3 12 $ 89,772 81,101 11

Total deposits 109,788 112,098 105,542 99,764 99,458 (2) 10 110,937 100,770 10

Allocated capital 6,500 6,500 6,500 6,500 6,500 — — 6,500 6,500 —

Selected Balance Sheet Data (period-end)

Total loans $ 93,804 89,537 87,106 83,786 81,327 5 15

Total deposits 110,599 113,659 117,478 103,957 97,318 (3) 14

NM – Not meaningful

(1)Includes amounts for clients of the Consumer Banking and Lending operating segment.

-16-

Wells Fargo & Company and Subsidiaries

CORPORATE (1)

Quarter ended Jun 30, 2026

% Change from Six months ended

($ in millions) Jun 30,

2026 Mar 31,

2026 Dec 31,

2025 Sep 30,

2025 Jun 30,

2025 Mar 31,

2026 Jun 30,

2025 Jun 30,

2026 Jun 30,

2025 %

Change

Income Statement

Net interest income $ (589) (460) (199) (273) (103) (28) % NM $ (1,049) (67) NM

Noninterest income 1,002 228 388 449 662 339 51 1,230 449 174 %

Total revenue 413 (232) 189 176 559 278 (26) 181 382 (53)

Net charge-offs 7 5 (23) 10 — 40 NM 12 — NM

Change in the allowance for credit losses (5) (3) (22) (14) (12) (67) 58 (8) (17) 53

Provision for credit losses 2 2 (45) (4) (12) — 117 4 (17) 124

Noninterest expense 306 179 624 650 565 71 (46) 485 1,022 (53)

Income (loss) before income tax benefit

105 (413) (390) (470) 6 125 NM (308) (623) 51

Income tax benefit (206) (466) (246) (173) (348) 56 41 (672) (963) 30

Less: Net income (loss) from noncontrolling interests

236 35 60 18 26 574 808 271 (66) 511

Net income (loss) $ 75 18 (204) (315) 328 317 (77) $ 93 406 (77)

Selected Balance Sheet Data (average)

Available-for-sale debt securities $ 226,383 208,869 203,202 188,103 172,879 8 31 $ 217,674 167,186 30

Held-to-maturity debt securities 197,708 202,212 206,595 214,409 220,364 (2) (10) 199,948 223,521 (11)

Equity securities

17,316 17,487 16,062 16,450 15,493 (1) 12 17,401 15,446 13

Total assets 672,761 649,698 638,732 636,359 601,010 4 12 661,293 609,627 8

Total deposits 103,153 86,073 69,024 55,201 46,242 20 123 94,660 48,398 96

Selected Balance Sheet Data (period-end)

Available-for-sale debt securities $ 241,832 214,935 205,670 198,665 176,235 13 37

Held-to-maturity debt securities 195,315 200,842 204,811 211,069 218,360 (3) (11)

Equity securities

17,430 17,091 16,451 16,273 15,907 2 10

Total assets 671,987 669,736 638,664 642,044 624,556 — 8

Total deposits 109,739 96,421 73,479 64,407 48,917 14 124

NM – Not meaningful

(1)All other business activities that are not included in the reportable operating segments have been included in Corporate. Corporate includes corporate treasury and enterprise functions, net of expense allocations, in support of the reportable operating segments (including funds transfer pricing, capital, and liquidity), as well as our investment portfolio and venture capital investments. Corporate also includes results for previously divested businesses.

-17-

Wells Fargo & Company and Subsidiaries

CONSOLIDATED LOANS OUTSTANDING – PERIOD-END BALANCES, AVERAGE BALANCES, AND AVERAGE INTEREST RATES

Quarter ended Jun 30, 2026

$ Change from

($ in millions)

Jun 30,

2026 Mar 31,

2026 Dec 31,

2025 Sep 30,

2025 Jun 30,

2025 Mar 31,

2026 Jun 30,

2025

Period-End Loans

Commercial and industrial

$ 487,630 481,915 452,068 417,904 402,150 5,715 85,480

Commercial real estate 132,986 132,213 132,284 130,250 132,560 773 426

Lease financing 15,683 15,512 15,543 15,311 15,060 171 623

Total commercial 636,299 629,640 599,895 563,465 549,770 6,659 86,529

Residential mortgage 240,774 240,839 242,190 243,910 245,755 (65) (4,981)

Credit card 58,394 57,277 59,540 56,996 55,318 1,117 3,076

Auto 56,924 53,794 50,487 46,041 42,878 3,130 14,046

Other consumer (1)

38,724 35,237 34,055 32,690 30,697 3,487 8,027

Total consumer 394,816 387,147 386,272 379,637 374,648 7,669 20,168

Total loans $ 1,031,115 1,016,787 986,167 943,102 924,418 14,328 106,697

Average Loans

Commercial and industrial $ 487,527 463,064 427,616 405,753 393,602 24,463 93,925

Commercial real estate 133,701 132,134 130,507 131,623 133,661 1,567 40

Lease financing 15,408 15,462 15,243 14,986 16,046 (54) (638)

Total commercial 636,636 610,660 573,366 552,362 543,309 25,976 93,327

Residential mortgage 240,656 241,078 242,848 244,562 246,512 (422) (5,856)

Credit card 57,580 58,215 58,245 56,420 54,985 (635) 2,595

Auto 55,226 52,099 48,231 44,292 41,865 3,127 13,361

Other consumer 36,381 33,973 33,159 31,041 30,048 2,408 6,333

Total consumer 389,843 385,365 382,483 376,315 373,410 4,478 16,433

Total loans $ 1,026,479 996,025 955,849 928,677 916,719 30,454 109,760

Average Interest Rates

Commercial and industrial 5.65 % 5.68 5.94 6.26 6.29

Commercial real estate 5.56 5.62 5.94 6.15 6.17

Lease financing 5.88 5.81 5.86 5.85 5.72

Total commercial 5.64 5.67 5.93 6.23 6.24

Residential mortgage 3.74 3.72 3.72 3.72 3.70

Credit card 12.11 12.31 12.27 12.70 12.65

Auto 5.84 5.72 5.70 5.59 5.48

Other consumer 6.46 6.66 6.98 7.40 7.47

Total consumer 5.53 5.55 5.55 5.59 5.52

Total loans 5.60 5.62 5.78 5.97 5.95

(1)Includes $32.2 billion, $28.5 billion, $26.2 billion, $25.1 billion, and $23.1 billion at June 30, and March 31, 2026, and December 31, September 30, and June 30, 2025, respectively, of securities-based loans, including margin loans and securities-based credit lines, originated by the Wealth and Investment Management operating segment.

-18-

Wells Fargo & Company and Subsidiaries

NET LOAN CHARGE-OFFS

Quarter ended

Jun 30, 2026 Mar 31, 2026 Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 Jun 30, 2026

$ Change from

($ in millions) Net loan

charge-offs As a % of average loans (1) Net loan

charge-offs As a % of average loans (1) Mar 31,

2026 Jun 30,

2025

By product:

Commercial and industrial $ 131 0.11 % $ 331 0.29 % $ 157 0.15 % $ 131 0.13 % $ 179 0.18 % $ (200) (48)

Commercial real estate 16 0.05 19 0.06 158 0.48 107 0.32 61 0.18 (3) (45)

Lease financing 9 0.23 10 0.26 10 0.26 12 0.32 7 0.17 (1) 2

Total commercial 156 0.10 360 0.24 325 0.22 250 0.18 247 0.18 (204) (91)

Residential mortgage (14) (0.02) (14) (0.02) (13) (0.02) (22) (0.04) (3) — — (11)

Credit card 600 4.18 605 4.21 583 3.97 571 4.02 622 4.54 (5) (22)

Auto 54 0.39 63 0.49 60 0.49 50 0.45 30 0.29 (9) 24

Other consumer 80 0.88 86 1.03 91 1.09 93 1.19 101 1.35 (6) (21)

Total consumer 720 0.74 740 0.78 721 0.75 692 0.73 750 0.81 (20) (30)

Total net loan charge-offs $ 876 0.34 % $ 1,100 0.45 % $ 1,046 0.43 % $ 942 0.40 % $ 997 0.44 % $ (224) (121)

By segment:

Consumer Banking and Lending $ 799 0.95 % $ 820 0.99 % $ 775 0.93 % $ 766 0.93 % $ 818 1.04 % $ (21) (19)

Commercial Banking 92 0.16 57 0.10 90 0.16 83 0.15 98 0.17 35 (6)

Corporate and Investing Banking (15) (0.02) 224 0.27 181 0.23 94 0.13 75 0.11 (239) (90)

Wealth and Investment Management (1) — (1) — — — (1) — 6 0.03 — (7)

Corporate 1 0.40 — — — — — — — — 1 1

Total net loan charge-offs $ 876 0.34 % $ 1,100 0.45 % $ 1,046 0.43 % $ 942 0.40 % $ 997 0.44 % $ (224) (121)

(1)Quarterly net loan charge-offs (recoveries) as a percentage of average loans are annualized.

-19-

Wells Fargo & Company and Subsidiaries

CHANGES IN ALLOWANCE FOR CREDIT LOSSES FOR LOANS

Quarter ended Jun 30, 2026

$ Change from

($ in millions) Jun 30,

2026 Mar 31,

2026 Dec 31,

2025 Sep 30,

2025 Jun 30,

2025 Mar 31,

2026 Jun 30,

2025

Balance, beginning of period $ 14,374 14,337 14,311 14,568 14,552 37 (178)

Provision for credit losses for loans 911 1,139 1,071 687 1,007 (228) (96)

Net loan charge-offs:

Commercial and industrial (131) (331) (157) (131) (179) 200 48

Commercial real estate (16) (19) (158) (107) (61) 3 45

Lease financing (9) (10) (10) (12) (7) 1 (2)

Total commercial (156) (360) (325) (250) (247) 204 91

Residential mortgage 14 14 13 22 3 — 11

Credit card (600) (605) (583) (571) (622) 5 22

Auto (54) (63) (60) (50) (30) 9 (24)

Other consumer (80) (86) (91) (93) (101) 6 21

Total consumer (720) (740) (721) (692) (750) 20 30

Net loan charge-offs (876) (1,100) (1,046) (942) (997) 224 121

Other (2) (2) 1 (2) 6 — (8)

Balance, end of period $ 14,407 14,374 14,337 14,311 14,568 33 (161)

Components:

Allowance for loan losses $ 13,905 13,864 13,797 13,744 13,961 41 (56)

Allowance for unfunded credit commitments 502 510 540 567 607 (8) (105)

Allowance for credit losses for loans $ 14,407 14,374 14,337 14,311 14,568 33 (161)

Ratio of allowance for loan losses to total net loan charge-offs (annualized) 3.96x 3.11 3.32 3.68 3.49

Allowance for loan losses as a percentage of:

Total loans 1.35 % 1.36 1.40 1.46 1.51

Nonaccrual loans 182 164 168 181 180

Allowance for credit losses for loans as a percentage of:

Total loans 1.40 1.41 1.45 1.52 1.58

Nonaccrual loans 188 170 175 188 188

-20-

Wells Fargo & Company and Subsidiaries

ALLOCATION OF ALLOWANCE FOR CREDIT LOSSES FOR LOANS

Jun 30, 2026 Mar 31, 2026 Dec 31, 2025 Sep 30, 2025 Jun 30, 2025

($ in millions) ACL ACL

as %

of loan

class ACL ACL

as %

of loan

class ACL ACL

as %

of loan

class ACL ACL

as %

of loan

class ACL ACL

as %

of loan

class

By product:

Commercial and industrial

$ 4,834 0.99 % $ 4,840 1.00 % $ 4,510 1.00 % $ 4,376 1.05 % $ 4,306 1.07 %

Commercial real estate 2,349 1.77 2,478 1.87 2,737 2.07 2,965 2.28 3,317 2.50

Lease financing

212 1.35 211 1.36 210 1.35 211 1.38 212 1.41

Total commercial

7,395 1.16 7,529 1.20 7,457 1.24 7,552 1.34 7,835 1.43

Residential mortgage (1) 543 0.23 525 0.22 555 0.23 569 0.23 568 0.23

Credit card 4,974 8.52 4,902 8.56 4,956 8.32 4,907 8.61 4,910 8.88

Auto 948 1.67 878 1.63 817 1.62 717 1.56 657 1.53

Other consumer 547 1.41 540 1.53 552 1.62 566 1.73 598 1.95

Total consumer

7,012 1.78 6,845 1.77 6,880 1.78 6,759 1.78 6,733 1.80

Total allowance for credit losses for loans $ 14,407 1.40 % $ 14,374 1.41 % $ 14,337 1.45 % $ 14,311 1.52 % $ 14,568 1.58 %

By segment:

Consumer Banking and Lending $ 7,878 2.31 % $ 7,732 2.30 % $ 7,734 2.30 % $ 7,599 2.29 % $ 7,458 2.33 %

Commercial Banking 2,325 0.97 2,287 0.97 2,194 0.96 2,184 0.98 2,368 1.03

Corporate and Investing Banking 3,953 1.11 4,122 1.17 4,167 1.25 4,275 1.41 4,470 1.54

Wealth and Investment Management 250 0.27 232 0.26 241 0.28 251 0.30 264 0.32

Corporate 1 0.12 1 0.10 1 0.11 2 0.22 8 0.27

Total allowance for credit losses for loans $ 14,407 1.40 % $ 14,374 1.41 % $ 14,337 1.45 % $ 14,311 1.52 % $ 14,568 1.58 %

(1)Includes negative allowance for expected recoveries of amounts previously charged off.

-21-

Wells Fargo & Company and Subsidiaries

NONPERFORMING ASSETS (NONACCRUAL LOANS AND FORECLOSED ASSETS)

Jun 30, 2026 Mar 31, 2026 Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 Jun 30, 2026

$ Change from

($ in millions) Balance % of

total

loans Balance % of

total

loans Balance % of

total

loans Balance % of

total

loans Balance % of

total

loans Mar 31,

2026 Jun 30,

2025

By product:

Nonaccrual loans:

Commercial and industrial $ 1,248 0.26 % $ 1,646 0.34 % $ 1,312 0.29 % $ 1,050 0.25 % $ 925 0.23 % $ (398) 323

Commercial real estate 3,402 2.56 3,779 2.86 3,879 2.93 3,334 2.56 3,556 2.68 (377) (154)

Lease financing 85 0.54 88 0.57 75 0.48 75 0.49 82 0.54 (3) 3

Total commercial 4,735 0.74 5,513 0.88 5,266 0.88 4,459 0.79 4,563 0.83 (778) 172

Residential mortgage (1) 2,811 1.17 2,860 1.19 2,838 1.17 3,057 1.25 3,090 1.26 (49) (279)

Auto 72 0.13 70 0.13 70 0.14 71 0.15 76 0.18 2 (4)

Other consumer 25 0.06 26 0.07 27 0.08 27 0.08 28 0.09 (1) (3)

Total consumer 2,908 0.74 2,956 0.76 2,935 0.76 3,155 0.83 3,194 0.85 (48) (286)

Total nonaccrual loans 7,643 0.74 8,469 0.83 8,201 0.83 7,614 0.81 7,757 0.84 (826) (114)

Foreclosed assets 301 299 302 218 207 2 94

Total nonperforming assets $ 7,944 0.77 % $ 8,768 0.86 % $ 8,503 0.86 % $ 7,832 0.83 % $ 7,964 0.86 % $ (824) (20)

By segment:

Consumer Banking and Lending $ 2,908 0.85 % $ 2,966 0.88 % $ 2,941 0.88 % $ 3,181 0.97 % $ 3,054 0.97 % $ (58) (146)

Commercial Banking 1,199 0.50 1,668 0.71 1,324 0.58 1,086 0.49 1,489 0.65 (469) (290)

Corporate and Investing Banking 3,560 1.00 3,860 1.09 3,973 1.19 3,276 1.08 3,132 1.08 (300) 428

Wealth and Investment Management 277 0.30 274 0.31 265 0.29 289 0.33 289 0.34 3 (12)

Corporate — — — — — — — — — — — —

Total nonperforming assets $ 7,944 0.77 % $ 8,768 0.86 % $ 8,503 0.86 % $ 7,832 0.83 % $ 7,964 0.86 % $ (824) (20)

(1)Residential mortgage loans are not placed on nonaccrual status when they are insured or guaranteed by U.S. government agencies, such as the Federal Housing Administration or the Department of Veterans Affairs.

-22-

Wells Fargo & Company and Subsidiaries

COMMERCIAL LOAN PORTFOLIO

Jun 30, 2026 Mar 31, 2026 Jun 30, 2025

($ in millions) Nonaccrual

loans Loans outstanding balance Total commitments (1) Nonaccrual

loans Loans outstanding balance Total commitments (1)

Commercial and industrial loans and lease financing by industry:

Financials except banks

Asset managers and funds (2) $ 2 73,530 127,199 — 74,425 128,374 1 53,944 103,077

Commercial finance (3) 90 62,377 99,766 94 61,799 97,676 13 53,573 91,401

Consumer finance (4) 117 31,945 47,353 124 33,849 48,991 1 22,552 37,321

Real estate finance (5) 19 40,986 44,598 19 37,945 42,277 11 27,023 30,824

Total financials except banks 228 208,838 318,916 237 208,018 317,318 26 157,092 262,623

Technology, telecom and media 256 28,014 74,926 283 25,534 73,068 47 22,868 60,177

Real estate and construction 84 31,772 65,977 82 29,201 62,130 84 27,507 57,979

Equipment, machinery and parts manufacturing 29 28,548 58,325 29 27,821 54,346 30 25,539 50,441

Retail 176 21,665 46,518 143 19,946 43,764 153 17,931 44,955

Materials and commodities 90 15,322 38,887 98 15,017 37,960 147 14,263 33,534

Food and beverage manufacturing 46 17,068 36,191 349 16,755 32,511 10 17,158 34,238

Oil, gas and pipelines 1 11,432 34,617 2 12,325 34,998 3 9,433 28,851

Health care and pharmaceuticals 22 13,364 33,624 23 12,974 31,781 72 14,115 31,083

Auto related 7 17,316 32,326 6 17,136 32,434 6 16,584 31,187

Commercial services 98 11,705 29,938 67 12,059 28,145 77 10,929 26,964

Utilities 17 8,653 29,580 17 8,946 28,618 1 7,441 26,077

Entertainment and recreation 89 13,505 21,777 130 13,810 21,566 29 12,785 19,111

Insurance and fiduciaries 1 4,941 20,585 1 3,455 16,729 1 4,463 16,490

Transportation services 65 8,863 17,963 146 8,745 17,135 150 8,321 15,664

Diversified or miscellaneous 50 8,594 17,327 56 13,138 30,989 74 10,266 26,435

Securities-based (6) — 28,193 28,193 — 26,007 26,007 — 18,929 18,929

Other 74 25,520 44,298 65 26,540 45,346 97 21,586 40,180

Total commercial and industrial loans and lease financing 1,333 503,313 949,968 1,734 497,427 934,845 1,007 417,210 824,918

Commercial real estate loans by property type (7):

Apartments 337 36,456 42,146 396 36,605 41,787 378 38,910 43,085

Industrial/warehouse 22 29,130 36,127 39 27,469 32,203 46 23,485 25,736

Office 2,225 20,002 21,084 2,394 20,736 21,689 2,532 25,219 26,400

Hotel/motel 608 11,791 12,357 735 12,344 12,885 253 12,005 12,358

Retail (excluding shopping center) 45 10,037 10,833 40 10,287 11,696 104 11,175 12,056

Shopping center 2 9,755 10,600 3 9,477 10,267 60 7,980 8,414

Institutional 9 5,648 6,033 10 5,016 5,422 13 5,105 5,357

Other 154 10,167 11,823 162 10,279 12,112 170 8,681 10,594

Total commercial real estate loans 3,402 132,986 151,003 3,779 132,213 148,061 3,556 132,560 144,000

Total commercial loans $ 4,735 636,299 1,100,971 5,513 629,640 1,082,906 4,563 549,770 968,918

(1)Total commitments consist of loans outstanding plus unfunded credit commitments, excluding issued letters of credit and discretionary amounts where our approval or consent is required prior to any loan funding or commitment increase.

(2)Includes loans for subscription or capital calls and loans to securities firms.

(3)Includes asset-based lending and leasing, including loans to special purpose entities, loans to commercial leasing entities, and structured lending facilities to commercial loan managers.

(4)Includes originators or servicers of financial assets collateralized by consumer loans such as auto loans and leases, and credit cards.

(5)Includes originators or servicers of financial assets collateralized by commercial or residential real estate loans.

(6)In second quarter 2026, we reclassified prime brokerage and other margin loans to clients of the Corporate and Investment Banking operating segment from Other to Securities-based. We also reclassified securities-based loans to clients of the Wealth and Investment Management operating segment from various industry categories, including the Technology, telecom and media and Insurance and fiduciaries industry categories, to Securities-based. Securities-based loans are collateralized by securities in client accounts. Prior period balances have been revised to conform with the current period presentation.

(7)Our commercial real estate (CRE) loan portfolio is comprised of CRE mortgage and CRE construction loans.

-23-

Wells Fargo & Company and Subsidiaries

TANGIBLE COMMON EQUITY

We also evaluate our business based on certain ratios that utilize tangible common equity. Tangible common equity is a non-GAAP financial measure and represents total equity less preferred equity, noncontrolling interests, goodwill, certain identifiable intangible assets (other than MSRs) and goodwill and other intangibles on venture capital investments in consolidated portfolio companies, net of applicable deferred taxes. The ratios are (i) tangible book value per common share, which represents tangible common equity divided by common shares outstanding; and (ii) return on average tangible common equity (ROTCE), which represents our annualized earnings as a percentage of tangible common equity. The methodology of determining tangible common equity may differ among companies. Management believes that tangible book value per common share and return on average tangible common equity, which utilize tangible common equity, are useful financial measures because they enable management, investors, and others to assess the Company’s use of equity.

The tables below provide a reconciliation of these non-GAAP financial measures to GAAP financial measures.

Jun 30, 2026

% Change from

($ in millions)

Jun 30,

2026 Mar 31,

2026 Dec 31,

2025 Sep 30,

2025 Jun 30,

2025 Mar 31,

2026 Jun 30,

2025

Tangible book value per common share:

Total equity $ 182,323 180,313 183,038 183,012 182,954 1 % —

Adjustments:

Preferred stock (15,348) (15,348) (16,608) (16,608) (16,608) — 8

Additional paid-in capital on preferred stock 139 139 141 141 141 — (1)

Noncontrolling interests (2,133) (1,916) (1,920) (1,858) (1,843) (11) (16)

Total common stockholders' equity (A) 164,981 163,188 164,651 164,687 164,644 1 —

Adjustments:

Goodwill (24,963) (24,965) (24,967) (25,069) (25,071) — —

Certain identifiable intangible assets (other than MSRs) (732) (765) (823) (863) (902) 4 19

Goodwill and other intangibles on venture capital investments in consolidated portfolio companies (included in other assets)

(648) (705) (705) (698) (674) 8 4

Applicable deferred taxes related to goodwill and other intangible assets (1)

1,065 1,064 1,063 1,062 1,060 — —

Tangible common equity (B) $ 139,703 137,817 139,219 139,119 139,057 1 —

Common shares outstanding (C) 3,028.5 3,064.3 3,092.6 3,148.9 3,220.4 (1) (6)

Book value per common share (A)/(C) $ 54.48 53.25 53.24 52.30 51.13 2 7

Tangible book value per common share (B)/(C) 46.13 44.98 45.02 44.18 43.18 3 7

(1)Determined by applying the combined federal statutory rate and composite state income tax rates to the difference between book and tax basis of the respective goodwill and intangible assets at period-end.

-24-

Wells Fargo & Company and Subsidiaries

TANGIBLE COMMON EQUITY (continued)

Quarter ended Jun 30, 2026

% Change from Six months ended

($ in millions)

Jun 30,

2026 Mar 31,

2026 Dec 31,

2025 Sep 30,

2025 Jun 30,

2025 Mar 31,

2026 Jun 30,

2025 Jun 30,

2026 Jun 30,

2025 %

Change

Return on average tangible common equity:

Net income applicable to common stock (A) $ 6,160 5,000 5,114 5,341 5,214 23 % 18 $ 11,160 9,830 14 %

Average total equity 181,910 183,693 183,844 183,428 183,268 (1) (1) 182,797 183,312 —

Adjustments:

Preferred stock

(15,348) (16,333) (16,608) (16,608) (18,278) 6 16 (15,838) (18,442) 14

Additional paid-in capital on preferred stock

139 140 141 141 143 (1) (3) 140 144 (3)

Noncontrolling interests (1,972) (1,915) (1,879) (1,850) (1,818) (3) (8) (1,944) (1,856) (5)

Average common stockholders’ equity (B) 164,729 165,585 165,498 165,111 163,315 (1) 1 165,155 163,158 1

Adjustments:

Goodwill (24,966) (24,967) (25,055) (25,070) (25,070) — — (24,966) (25,102) 1

Certain identifiable intangible assets (other than MSRs)

(748) (788) (847) (889) (863) 5 13 (768) (468) (64)

Goodwill and other intangibles on venture capital investments in consolidated portfolio companies (included in other assets)

(704) (705) (698) (674) (674) — (4) (705) (704) —

Applicable deferred taxes related to goodwill and other intangible assets (1)

1,065 1,063 1,063 1,061 989 — 8 1,064 647 64

Average tangible common equity (C) $ 139,376 140,188 139,961 139,539 137,697 (1) 1 $ 139,780 137,531 2

Return on average common stockholders’ equity (ROE) (annualized) (A)/(B) 15.0 % 12.2 12.3 12.8 12.8 13.6 % 12.2 %

Return on average tangible common equity (ROTCE) (annualized) (A)/(C) 17.7 14.5 14.5 15.2 15.2 16.1 14.4

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Wells Fargo & Company and Subsidiaries

RISK-BASED CAPITAL RATIOS UNDER BASEL III (1)

Estimated

($ in billions)

Jun 30, 2026 Mar 31, 2026 Dec 31, 2025 Sep 30, 2025 Jun 30, 2025

Total equity

$ 182.3 180.3 183.0 183.0 183.0

Adjustments:

Preferred stock (15.3) (15.3) (16.6) (16.6) (16.6)

Additional paid-in capital on preferred stock 0.1 0.1 0.1 0.2 0.1

Noncontrolling interests (2.1) (1.9) (1.8) (1.9) (1.9)

Total common stockholders' equity 165.0 163.2 164.7 164.7 164.6

Adjustments:

Goodwill (25.0) (25.0) (25.0) (25.1) (25.1)

Certain identifiable intangible assets (other than MSRs) (0.7) (0.8) (0.8) (0.9) (0.9)

Goodwill and other intangibles on venture capital investments in consolidated portfolio companies (included in other assets) (0.6) (0.7) (0.7) (0.7) (0.7)

Applicable deferred taxes related to goodwill and other intangible assets (2) 1.1 1.1 1.1 1.1 1.1

Other (2.1) (2.4) (2.0) (2.5) (2.6)

Common Equity Tier 1 under the Standardized and Advanced Approaches (A) 137.7 135.4 137.3 136.6 136.4

Preferred stock 15.3 15.3 16.6 16.6 16.6

Additional paid-in capital on preferred stock (0.1) (0.1) (0.1) (0.2) (0.1)

Other (0.2) (0.2) (0.2) (0.2) (0.2)

Total Tier 1 capital under the Standardized and Advanced Approaches (B) 152.7 150.4 153.6 152.8 152.7

Long-term debt and other instruments qualifying as Tier 2 17.1 17.0 16.7 16.7 17.3

Qualifying allowance for credit losses (3) 14.8 14.8 14.7 14.6 14.6

Other (0.4) (0.4) (0.3) (0.4) (0.4)

Total Tier 2 capital under the Standardized Approach

(C)

31.5 31.4 31.1 30.9 31.5

Total qualifying capital under the Standardized Approach

(B)+(C)

$ 184.2 181.8 184.7 183.7 184.2

Long-term debt and other instruments qualifying as Tier 2 17.1 17.0 16.7 16.7 17.3

Qualifying allowance for credit losses (3) 4.8 4.7 4.6 4.4 4.3

Other (0.4) (0.4) (0.3) (0.4) (0.4)

Total Tier 2 capital under the Advanced Approach (D) 21.5 21.3 21.0 20.7 21.2

Total qualifying capital under the Advanced Approach

(B)+(D)

$ 174.2 171.7 174.6 173.5 173.9

Total risk-weighted assets (RWAs) under the Standardized Approach

(E) $ 1,342.2 1,316.0 1,294.6 1,242.4 1,225.9

Total RWAs under the Advanced Approach

(F) $ 1,140.6 1,121.0 1,112.5 1,072.2 1,070.4

Ratios under the Standardized Approach:

Common Equity Tier 1 (A)/(E) 10.3 % 10.3 10.6 11.0 11.1

Tier 1 capital (B)/(E) 11.4 11.4 11.9 12.3 12.5

Total capital

(B)+(C)/(E)

13.7 13.8 14.3 14.8 15.0

Ratios under the Advanced Approach:

Common Equity Tier 1 (A)/(F) 12.1 % 12.1 12.4 12.7 12.7

Tier 1 capital (B)/(F) 13.4 13.4 13.8 14.3 14.3

Total capital

(B)+(D)/(F)

15.3 15.3 15.7 16.2 16.2

(1)The Basel III capital rules provide for two capital frameworks (the Standardized Approach and the Advanced Approach applicable to certain institutions), and we must calculate our CET1, Tier 1 capital and total capital ratios under both approaches.

(2)Determined by applying the combined federal statutory rate and composite state income tax rates to the difference between book and tax basis of the respective goodwill and intangible assets at period-end.

(3)Differences between the approaches are driven by the qualifying amounts of ACL includable in Tier 2 capital. Under the Advanced Approach, eligible credit reserves represented by the amount of qualifying ACL in excess of expected credit losses (using regulatory definitions) is limited to 0.60% of Advanced credit RWAs, whereas the Standardized Approach includes ACL in Tier 2 capital up to 1.25% of Standardized credit RWAs. Under both approaches, any excess ACL is deducted from the respective total RWAs.

-26-

Wells Fargo & Company and Subsidiaries

NET INTEREST INCOME EXCLUDING MARKETS

We also evaluate the Company’s net interest income excluding the net interest income of the Corporate and Investment Banking Markets (Markets) line of business. Markets net interest income includes interest income earned on the assets and interest expense paid on the liabilities of the line of business, as well as funding charges and credits using our funds transfer pricing methodology. Net interest income excluding Markets is a non-GAAP financial measure that management believes is useful because it enables management, investors, and others to assess the net interest income from the Company's lending, investing, and deposit-raising activities without the volatility that may be associated with Markets activities.

The table below provides a reconciliation of this non-GAAP financial measure to a GAAP financial measure.

Quarter ended Jun 30, 2026

% Change from Six months ended

($ in millions)

Jun 30,

2026 Mar 31,

2026 Dec 31,

2025 Sep 30,

2025 Jun 30,

2025 Mar 31,

2026 Jun 30,

2025 Jun 30,

2026 Jun 30,

2025 %

Change

Net interest income $ 12,317 12,096 12,331 11,950 11,708 2 % 5 $ 24,413 23,203 5 %

Markets net interest income

501 481 358 144 104 4 382 982 235 318

Net interest income excluding Markets $ 11,816 11,615 11,973 11,806 11,604 2 2 $ 23,431 22,968 2

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EX-99.3 — EXHIBIT 99.3

EX-99.3

Filename: ex993-wellsfargo2q26pres.htm · Sequence: 4

ex993-wellsfargo2q26pres

22Q26 Financial Results $13.4 $13.7 Revenue-related Expenses Non-revenue Related Expenses 2Q25 2Q26 213 197 Headcount 2Q25 2Q26 Clear progress on path to improved financial results and returns Earnings Per Share ($ per diluted share) $20.7 $20.8 $22.6 YoY Percentage Growth 2Q24 2Q25 2Q26 Return on Average Tangible Common Equity (ROTCE)1 14.4% 16.1% 1H25 1H26 Noninterest Expense ($ in billions) and Headcount (# in '000s, period-end) YoY defined as year-over-year. Endnotes are presented starting on page 18. Revenue ($ in billions) $1.33 $1.60 $2.00 YoY Percentage Growth 2Q24 2Q25 2Q26 6% 20% 25% 1% 1% 9% +1.7ppts Average Loans YoY Percentage Growth Average Deposits YoY Percentage Growth 2% (3)% 1% 10% 12% 2023 2024 2025 1Q26 2Q26 (5)% 0% 0% 6% 10% 2023 2024 2025 1Q26 2Q26 (7)% 2% (1)% 19%

32Q26 Financial Results $9.7 $10.3 2Q25 2Q26 $4.7 $5.4 2Q25 2Q26 $2.9 $3.1 2Q25 2Q26 $3.4 $3.9 2Q25 2Q26 ...driven by growth across all our businesses Consumer Banking and Lending Corporate and Investment Banking Wealth and Investment Management Commercial Banking Revenue is $ in billions. Comparisons in the bullet points are for 2Q26 versus 2Q25, unless otherwise noted. Endnotes are presented starting on page 18. *Commercial Banking loan and deposit growth absent the 3Q25 transfer of certain loans and deposits to Consumer Banking and Lending. For additional information, see endnote 6 on page 18. • Consumer primary checking account YoY growth for 13 consecutive quarters • New credit card accounts up 46% • Auto originations up 41% • Premier client assets up 13%1 • Markets revenue up 24% • Banking revenue up 20% – Leveraged Finance YTD share of 7.2% (#3 Overall)2 – Equity Capital Markets share up 74 bps to 3.8% YTD3 – Announced U.S. M&A deal volume rank of #4; up from #94 • Client assets up 15% • Average loans up 12% largely driven by securities-based lending • Average deposits up 10% • Average loans up 9%* • Average deposits up 10%* • Treasury management and payments revenue up 5%5 +6% Revenue +16% Revenue Revenue +13% Revenue +6%

42Q26 Financial Results 2Q26 results Financial Results ROE: 15.0% ROTCE: 17.7%1 Efficiency ratio: 60%2 Credit Quality Capital and Liquidity CET1 ratio: 10.3%5 LCR: 119%6 TLAC ratio: 22.8%7 • Provision for credit losses4 of $914 million – Total net loan charge-offs of $876 million, down $121 million, with net loan charge-offs of 0.34% of average loans (annualized) – Allowance for credit losses for loans of $14.4 billion, down 1% • Common Equity Tier 1 (CET1) capital5 of $137.7 billion • CET1 ratio5 of 10.3% under the Standardized Approach • Liquidity coverage ratio (LCR)6 of 119% • Net income of $6.4 billion, or $2.00 per diluted share included $132 million of discrete tax benefits, or $0.04 per share, related to the resolution of prior period matters • Revenue of $22.6 billion, up 9% – Net interest income of $12.3 billion, up 5% – Noninterest income of $10.3 billion, up 13% • Noninterest expense of $13.7 billion, up 2% • Pre-tax pre-provision profit3 of $9.0 billion, up 20% • Effective income tax rate of 17.4% • Average loans of $1.0 trillion, up 12% • Average deposits of $1.5 trillion, up 10% Comparisons in the bullet points are for 2Q26 versus 2Q25, unless otherwise noted. Endnotes are presented starting on page 18.

52Q26 Financial Results 2Q26 earnings Quarter ended $ Change from $ in millions, except per share data 2Q26 1Q26 2Q25 1Q26 2Q25 Net interest income $12,317 12,096 11,708 $221 609 Noninterest income 10,305 9,350 9,114 955 1,191 Total revenue 22,622 21,446 20,822 1,176 1,800 Net charge-offs 883 1,106 997 (223) (114) Change in the allowance for credit losses 31 29 8 2 23 Provision for credit losses1 914 1,135 1,005 (221) (91) Noninterest expense 13,661 14,330 13,379 (669) 282 Pre-tax income 8,047 5,981 6,438 2,066 1,609 Income tax expense 1,402 691 916 711 486 Effective income tax rate (%) 17.4 % 11.6 14.3 587 bps 313 Net income $6,407 5,253 5,494 $1,154 913 Diluted earnings per common share $2.00 1.60 1.60 $0.40 0.40 Diluted average common shares (# mm) 3,074.6 3,117.7 3,267.0 (43) (192) Return on equity (ROE) 15.0 % 12.2 12.8 275 bps 219 Return on average tangible common equity (ROTCE)2 17.7 14.5 15.2 326 254 Efficiency ratio 60 67 64 (643) (387) Endnotes are presented starting on page 18.

62Q26 Financial Results Net Interest Income ($ in millions) 11,708 11,950 12,331 12,096 12,317 Net Interest Margin (NIM) on a taxable-equivalent basis 2Q25 3Q25 4Q25 1Q26 2Q26 2.43% Net interest income • Net interest income (NII) of $12.3 billion, up $609 million, or 5%, from 2Q25 – NII excluding Markets2 of $11.8 billion, up $212 million, or 2%, driven by lower deposit costs, higher loan and investment securities balances, and higher interest-bearing commercial deposits, partially offset by the impact of lower interest rates on floating rate assets, as well as a modest decline in noninterest-bearing deposits – Markets NII of $501 million, up $397 million, reflecting the impact of lower interest rates and balance sheet growth • NII up $221 million, or 2%, from 1Q26 – NII excluding Markets2 up $201 million, or 2%, driven by higher loan and investment securities balances and one additional day in the quarter, partially offset by higher deposit costs reflecting a higher mix of interest- bearing deposits – Net interest margin (NIM) of 2.43%, down 4 bps reflecting growth in interest-bearing deposits and continued growth in our Markets business 2.68% 2.61% 2.60% 2.47% 1 Endnotes are presented starting on page 18.

72Q26 Financial Results Loans and deposits • Average loans up $109.8 billion, or 12%, year-over-year (YoY) as higher commercial and industrial loans, auto loans, securities-based loans in Wealth and Investment Management (WIM), and credit card loans were partially offset by lower residential mortgage loans; up $30.5 billion, or 3%, from 1Q26 driven by higher commercial and industrial loans, auto loans, securities-based loans in WIM and commercial real estate loans • Total average loan yield of 5.60%, down 35 bps YoY reflecting the impact of lower interest rates and down 2 bps from 1Q26 Average Loans Outstanding ($ in billions) 916.7 928.7 955.8 996.0 1,026.5 543.3 552.4 573.3 610.6 636.6 373.4 376.3 382.5 385.4 389.9 Total Average Loan Yield Consumer Loans Commercial Loans 2Q25 3Q25 4Q25 1Q26 2Q26 5.95% 5.97% 5.78% 5.62% 5.60% Average Deposits ($ in billions) 1,331.7 1,339.9 1,377.7 1,415.0 1,465.6 805.5 808.9 807.6 816.6 828.4 178.0 172.0 181.0 185.9 189.5 202.4 204.1 214.5 214.3 234.8 99.5 99.8 105.5 112.1 109.8 Average Deposit Cost Corporate Wealth and Investment Management (WIM) Corporate and Investment Banking Commercial Banking Consumer Banking and Lending 2Q25 3Q25 4Q25 1Q26 2Q26 Period-End Loans Outstanding ($ in billions) 2Q26 vs 1Q26 vs 2Q25 Commercial $636.3 1 % 16 % Consumer 394.8 2 5 Total loans $1,031.1 1 % 12 % • Average deposits up $133.9 billion, or 10%, YoY on growth in customer deposits across all of the operating segments, as well as higher Corporate deposits; up $50.6 billion, or 4%, from 1Q26 • Average deposit cost of 1.51%, down 1 bp YoY; up 8 bps from 1Q26 on higher interest-bearing deposit balances 103.186.169.155.146.3 1.51%1.43%1.44%1.54%1.52%

82Q26 Financial Results 9,114 9,486 8,961 9,350 10,305 1,138 1,030 973 862 1,481 1,173 1,223 1,149 1,138 1,222 696 840 716 796 939 1,376 1,408 979 1,351 1,393 1,622 1,674 1,684 1,712 1,762 3,109 3,311 3,460 3,491 3,508 Investment advisory fees and brokerage commissions Deposit and lending-related fees Net gains from trading activities Investment banking fees Card fees All other 2Q25 3Q25 4Q25 1Q26 2Q26 Noninterest Income ($ in millions) • Noninterest income up $1.2 billion, or 13%, from 2Q25 – Investment advisory fees and brokerage commissions1 up $399 million, or 13%, driven by higher asset-based fees reflecting higher market valuations, as well as higher retail brokerage commissions on higher transactional activity – Deposit and lending-related fees up $140 million, or 9%, primarily driven by higher consumer and commercial deposit service charges – Investment banking fees up $243 million, or 35%, on higher debt and equity underwriting fees – All other2 up $343 million and reflected: ◦ $728 million higher net gains from equity securities from strong performance in our venture capital investments reflecting higher net unrealized and realized gains ◦ $158 million lower lease income from the 1/1/26 sale of our rail car leasing business ◦ 2Q25 included a $253 million gain from our acquisition of the remaining interest in our merchant services joint venture • Noninterest income up $955 million, or 10%, from 1Q26 – Investment banking fees up $143 million, or 18%, on higher debt and equity underwriting fees – Card fees up $84 million, or 7%, on higher credit card and debit card interchange income – All other2 up $619 million and included $675 million higher net gains from equity securities from strong performance in our venture capital investments reflecting higher net unrealized and realized gains Noninterest income 2 1 Endnotes are presented starting on page 18.

92Q26 Financial Results 13,379 13,846 13,726 14,330 13,661 4,670 4,825 4,649 4,737 4,810 8,709 8,725 8,465 9,593 8,851 Personnel Expense Non-personnel Expense 2Q25 3Q25 4Q25 1Q26 2Q26 Noninterest expense • Noninterest expense up $282 million, or 2%, from 2Q25 – Personnel expense up $142 million on higher revenue-related and incentive compensation expense, partially offset by the impact of efficiency initiatives including a 7% reduction in headcount – Non-personnel expense up $140 million, or 3%, as higher technology and equipment expense and higher advertising expense were partially offset by lower operating losses and lower lease expense reflecting the 1Q26 sale of our rail car leasing business, as well as the impact of efficiency initiatives • Noninterest expense down $669 million, or 5%, from 1Q26 – Personnel expense down $742 million on seasonally higher personnel expense in 1Q26, as well as the impact of efficiency initiatives – Non-personnel expense up $73 million, or 2%, and included higher technology and equipment expense and higher professional and outside services expense Noninterest Expense ($ in millions) Headcount (Period-end, '000s) 2Q25 3Q25 4Q25 1Q26 2Q26 213 211 205 201 197 Endnotes are presented starting on page 18. 1 296 1 1 6121 $13.4 $13.7 Revenue-related Expenses Non-revenue Related Expenses 2Q25 2Q26 2% (1)% 19% Noninterest expense ($ in billions) 2% • 2% YoY increase in noninterest expense driven by a 19% increase in revenue-related expenses, partially offset by a 1% decline in non-revenue related expenses

102Q26 Financial Results • Commercial net loan charge-offs down $204 million to 10 bps of average loans (annualized) on lower commercial and industrial net loan charge-offs • Consumer net loan charge-offs down $20 million to 74 bps of average loans (annualized) and included lower auto and credit card net loan charge-offs • Nonperforming assets of $7.9 billion, or 0.77% of total loans, down $824 million, driven by a decrease in commercial and industrial and commercial real estate (CRE) nonaccrual loans 1,005 681 1,040 1,135 914 997 942 1,046 1,100 876 Provision for Credit Losses Net Loan Charge-offs Net Loan Charge-off Ratio 2Q25 3Q25 4Q25 1Q26 2Q26 Credit quality Provision for Credit Losses1 and Net Loan Charge-offs ($ in millions) Comparisons in the bullet points are for 2Q26 versus 1Q26, unless otherwise noted. Endnotes are presented starting on page 18. 0.44% 0.40% 0.45%0.43% 1 0.34% 14,568 14,311 14,337 14,374 14,407 7,835 7,552 7,457 7,529 7,395 6,733 6,759 6,880 6,845 7,012 Commercial Consumer Allowance coverage for total loans 2Q25 3Q25 4Q25 1Q26 2Q26 Allowance for Credit Losses for Loans ($ in millions) • Allowance for credit losses (ACL) for loans up $33 million on higher allowance for credit card and auto loans reflecting loan growth, largely offset by a lower allowance for CRE office loans – Allowance coverage for total loans down 18 bps from 2Q25 and down 1 bp from 1Q26 predominantly driven by a reduction in the allowance coverage for CRE office loans 1.52%1.58% 1.45% 1.41% 1.40%

112Q26 Financial Results Capital and liquidity Capital Position • Common Equity Tier 1 (CET1) ratio1 of 10.3% at June 30, 2026 Capital Return • $3.0 billion in gross common stock repurchases, or 37.4 million shares, in 2Q26; period-end common shares outstanding down 191.9 million, or 6%, from 2Q25 • 2Q26 common stock dividend of $0.45 per share with $1.4 billion in common stock dividends paid • We expect to increase our 3Q26 common stock dividend to $0.50 per share, up 11% from 2Q26, subject to approval by the Company's Board of Directors at its regularly scheduled meeting in July Total Loss Absorbing Capacity (TLAC) • As of June 30, 2026, our TLAC as a percentage of total risk-weighted assets3 was 22.8% compared with the required minimum of 21.5% Liquidity Position • Strong liquidity position with a 2Q26 LCR4 of 119% which remained above the regulatory minimum of 100% 11.1% 11.0% 10.6% 10.3% 10.3% 2Q25 3Q25 4Q25 1Q26 2Q26 Estimated 8.5% Regulatory Minimum and Buffers2 Common Equity Tier 1 Ratio under the Standardized Approach1 Endnotes are presented starting on page 18.

122Q26 Financial Results • Total revenue up 6% YoY and up 3% from 1Q26 – CSBB up 8% YoY driven by higher deposit and loan balances, wider deposit spreads, and higher deposit-related fees, debit card fees and investment advisory fees, and included the impact of the 3Q25 transfer of certain business customers3; up 4% from 1Q26 driven by higher deposit balances and higher debit card fees – Credit Card up 2% YoY and included higher NII on higher loan balances – Home Lending down 7% YoY on lower NII on lower loan balances and lower servicing income – Auto up 33% YoY and 8% from 1Q26 on higher loan balances • Noninterest expense up 2% YoY driven by higher advertising expense, higher revenue-related compensation expense, as well as the impact of the 3Q25 transfer of certain business customers3, partially offset by the impact of efficiency initiatives; down 5% from 1Q26 driven by lower personnel expense reflecting 1Q seasonality Consumer Banking and Lending (CBL) Summary Financials $ in millions 2Q26 vs. 1Q26 vs. 2Q25 Revenue by line of business: Consumer, Small and Business Banking (CSBB) $7,308 $289 560 Credit Card 1,614 19 26 Home Lending 762 (25) (59) Auto 320 25 79 Personal Lending 284 (18) (6) Total revenue 10,288 290 600 Provision for credit losses 945 127 — Noninterest expense 6,286 (303) 107 Pre-tax income 3,057 466 493 Net income $2,290 $349 367 Selected Metrics and Average Balances $ in billions 2Q26 1Q26 2Q25 Return on allocated capital1 27.1 % 23.1 16.4 Efficiency ratio2 61 66 64 Average loans3 $337.8 335.3 319.0 Average deposits3 828.4 816.6 805.5 Retail bank branches (#, period-end) 4,079 4,093 4,135 Mobile active customers4 (# in mm, period-end) 33.7 33.5 32.1 Other Selected Metrics $ in billions 2Q26 1Q26 2Q25 Debit card purchase volume 5 $144.8 134.3 133.6 Client assets in advisory and brokerage accounts 282 261 249 Average Home Lending loans 197.9 198.5 203.6 Mortgage loan originations 9.0 6.3 7.4 Average Credit Card loans 52.7 53.0 49.9 Credit Card purchase volume5 44.5 40.0 39.9 Credit Card new accounts (# in thousands)5 662 631 452 Average Auto loans $55.7 52.6 42.4 Auto loan originations 9.7 9.7 6.9 Endnotes are presented starting on page 18.

132Q26 Financial Results Commercial Banking (CB) In 3Q25, we prospectively transferred approximately $8 billion of loans and approximately $6 billion of deposits related to certain business customers to Consumer, Small and Business Banking in the Consumer Banking and Lending operating segment. • Total revenue up 6% YoY and stable with 1Q26 – Net interest income up 3% YoY on higher loan and interest-bearing deposit balances, partially offset by the impact of lower interest rates, a decline in noninterest-bearing deposits, and the 3Q25 transfer noted above – Noninterest income up 13% YoY driven by higher revenue from equity investments, tax credit investments, and investment banking; down 5% from 1Q26 predominantly driven by lower revenue from tax credit investments • Noninterest expense down 7% YoY due to lower operating costs, the impact of the 3Q25 transfer noted above, as well as the impact of efficiency initiatives; down 12% from 1Q26 driven by lower personnel expense reflecting 1Q seasonality Summary Financials $ in millions 2Q26 vs. 1Q26 vs. 2Q25 Net interest income $2,047 $59 64 Noninterest income 1,071 (61) 121 Total revenue 3,118 (2) 185 Provision for credit losses 131 (19) 174 Noninterest expense 1,412 (196) (107) Pre-tax income 1,575 213 118 Net income $1,176 $159 90 Selected Metrics 2Q26 1Q26 2Q25 Return on allocated capital 17.2 % 15.0 15.8 Efficiency ratio 45 52 52 Average balances ($ in billions) Loans $237.1 229.1 226.5 Deposits 189.5 185.9 178.0

142Q26 Financial Results Corporate and Investment Banking (CIB) • Total revenue up 16% YoY and up 3% from 1Q26 – Banking revenue up 20% YoY on higher investment banking fees driven by Equity and Debt Capital Markets, as well as higher loan and interest- bearing deposit balances, partially offset by the impact of lower interest rates and a modest decline in noninterest-bearing deposit balances – Commercial Real Estate revenue up 4% from 1Q26 driven by higher capital markets activity, partially offset by lower income from our affordable housing business – Markets revenue up 24% YoY driven by strong performance in equities and higher revenue across most FICC products including the impact of balance sheet growth • Noninterest expense up 11% YoY driven by higher personnel expense including higher incentive compensation expense, as well as higher volume- related expenses and higher operating costs, partially offset by the impact of efficiency initiatives; down 7% from 1Q26 driven by lower personnel expense reflecting 1Q seasonality Summary Financials $ in millions 2Q26 vs. 1Q26 vs. 2Q25 Revenue by line of business: Banking: Lending $724 $24 123 Treasury Management and Payments 661 6 50 Investment Banking 628 26 165 Total Banking 2,013 56 338 Commercial Real Estate 1,197 51 (15) Markets: Fixed Income, Currencies and Commodities (FICC) 1,536 (47) 145 Equities 635 92 248 Credit Adjustment (CVA/DVA/FVA) and Other 35 (12) 34 Total Markets 2,206 33 427 Other 9 7 2 Total revenue 5,425 147 752 Provision for credit losses (181) (356) (284) Noninterest expense 2,497 (195) 246 Pre-tax income 3,109 698 790 Net income $2,329 $520 592 Selected Metrics 2Q26 1Q26 2Q25 Return on allocated capital 19.2 % 14.9 14.9 Efficiency ratio 46 51 48 Average Balances ($ in billions) Loans by line of business 2Q26 1Q26 2Q25 Banking $125.0 117.7 89.0 Commercial Real Estate 123.2 119.5 117.9 Markets 111.2 105.1 79.0 Total loans $359.4 342.3 285.9 Deposits 234.8 214.3 202.4 Trading-related assets 401.5 397.9 283.7

152Q26 Financial Results Wealth and Investment Management (WIM) Summary Financials $ in millions 2Q26 vs. 1Q26 vs. 2Q25 Net interest income $919 $14 134 Noninterest income 2,973 3 320 Total revenue 3,892 17 454 Provision for credit losses 17 27 5 Noninterest expense 3,160 (102) 295 Pre-tax income 715 92 154 Net income $537 $69 117 Selected Metrics $ in billions 2Q26 1Q26 2Q25 Return on allocated capital 32.4 % 28.4 25.0 Efficiency ratio 81 84 83 Average loans $91.1 88.4 81.3 Average deposits 109.8 112.1 99.5 WIM client assets $2,409 2,222 2,097 • Total revenue up 13% YoY and up modestly from 1Q26 – Net interest income up 17% YoY driven by lower deposit pricing and higher deposit and loan balances – Noninterest income up 12% YoY on higher investment advisory fees driven by an increase in market valuations • Noninterest expense up 10% YoY on higher revenue-related compensation expense, partially offset by the impact of efficiency initiatives; down 3% from 1Q26 driven by lower personnel expense reflecting 1Q seasonality

162Q26 Financial Results Corporate • Revenue decreased YoY on lower net interest income due to the impact of lower interest rates on crediting rates to our operating segments, a decrease in other noninterest income as 2Q25 included a gain from our acquisition of the remaining interest in our merchant services joint venture, and lower lease income related to the sale of our rail car leasing business, partially offset by strong results from our venture capital investments. • Noninterest expense down YoY due to lower operating losses and lower lease expense associated with the sale of our rail car leasing business Summary Financials $ in millions 2Q26 vs. 1Q26 vs. 2Q25 Net interest income ($589) ($129) (486) Noninterest income 1,002 774 340 Total revenue 413 645 (146) Provision for credit losses 2 — 14 Noninterest expense 306 127 (259) Pre-tax income 105 518 99 Income tax benefit (206) 260 142 Less: Net income from noncontrolling interests 236 201 210 Net income $75 $57 (253)

172Q26 Financial Results Outlook Net Interest Income Noninterest Expense Expect 2026 net interest income (NII) to be +/- $50 billion, unchanged from prior guidance • Expect NII excluding Markets1 to be +/- $48 billion • Expect Markets NII to be +/- $2 billion • Net interest income performance will ultimately be determined by a variety of factors, many of which are uncertain, including the absolute level of rates and the shape of the yield curve; deposit balances, mix and pricing; and loan demand Expect 2026 noninterest expense to be ~$55.7 billion, unchanged from prior guidance Endnotes are presented starting on page 18.

182Q26 Financial Results Endnotes Page 2 – Clear progress on path to improved financial results and returns 1. Tangible common equity and return on average tangible common equity (ROTCE) are non-GAAP financial measures. For additional information, including a corresponding reconciliation to GAAP financial measures, see the “Tangible Common Equity” table on page 21. Page 3 – ...driven by growth across all our businesses 1. Represents Consumer, Small and Business Banking client assets in advisory and brokerage accounts. 2. Year-to-date (YTD) market share and rank through June 30, 2026. Source: Dealogic, as of 7/1/2026. 3. YTD market share compared to full year 2025. Source: Dealogic, as of 7/1/2026. 4. YTD rank compared to full year 2025. Source: Dealogic, as of 7/1/2026. 5. Total treasury management and payments revenue in Commercial Banking and Corporate and Investment Banking. In third quarter 2025, we prospectively transferred approximately $8 billion of loans and approximately $6 billion of deposits related to certain business customers from the Commercial Banking operating segment to Consumer, Small and Business Banking in the Consumer Banking and Lending operating segment. 6. In third quarter 2025, we prospectively transferred approximately $8 billion of loans and approximately $6 billion of deposits related to certain business customers from the Commercial Banking operating segment to Consumer, Small and Business Banking in the Consumer Banking and Lending operating segment.The year-over-year percentage changes for loans and deposits in the Commercial Banking operating segment are calculated assuming the third quarter 2025 transfer occurred during second quarter 2025 to provide a consistent basis of comparison for loan and deposit balances between periods. This assumption had the effect of increasing the year-over-year growth rates for both average loans and average deposits by four percentage points. For additional information on loans and deposits in the Commercial Banking operating segment, see page 13 of our 2Q26 Quarterly Supplement. Page 4 – 2Q26 results 1. Tangible common equity and return on average tangible common equity (ROTCE) are non-GAAP financial measures. For additional information, including a corresponding reconciliation to GAAP financial measures, see the “Tangible Common Equity” table on page 21. 2. The efficiency ratio is noninterest expense divided by total revenue (net interest income and noninterest income). 3. Pre-tax pre-provision profit (PTPP) is total revenue less noninterest expense. Management believes that PTPP is a useful financial measure because it enables investors and others to assess the Company’s ability to generate capital to cover credit losses through a credit cycle. 4. Includes provision for credit losses for loans, debt securities, and other financial assets. 5. The Common Equity Tier 1 (CET1) ratio calculated under the Standardized Approach is our binding CET1 framework. See page 22 for additional information regarding CET1 capital and ratios. CET1 for June 30, 2026, is a preliminary estimate. 6. Liquidity coverage ratio (LCR) represents average high-quality liquid assets divided by average projected net cash outflows, as each is defined under the LCR rule. LCR for June 30, 2026, is a preliminary estimate. 7. Represents total loss absorbing capacity (TLAC) divided by risk-weighted assets (RWAs), which is our binding TLAC ratio, determined by using the greater of RWAs under the Standardized and Advanced Approaches. TLAC for June 30, 2026, is a preliminary estimate. Page 5 – 2Q26 earnings 1. Includes provision for credit losses for loans, debt securities, and other financial assets. 2. Tangible common equity and return on average tangible common equity (ROTCE) are non-GAAP financial measures. For additional information, including a corresponding reconciliation to GAAP financial measures, see the “Tangible Common Equity” table on page 21.

192Q26 Financial Results Page 6 – Net interest income 1. Includes taxable-equivalent adjustments predominantly related to tax-exempt income on certain loans and securities. 2. Net interest income excluding Markets is a non-GAAP financial measure. For additional information, including a corresponding reconciliation to a GAAP financial measure, see the “Net Interest Income Excluding Markets” table on page 20. Page 8 – Noninterest income 1. Investment advisory fees and brokerage commissions includes investment advisory and other asset-based fees and commissions and brokerage services fees. 2. All other includes mortgage banking, net gains (losses) from debt securities, net gains (losses) from equity securities, and other. Page 9 – Noninterest expense 1. 4Q25 and 3Q25 total personnel expense of $9.1 billion and $9.0 billion, respectively, included severance expense of $612 million and $296 million, respectively. Page 10 – Credit quality 1. Includes provision for credit losses for loans, debt securities, and other financial assets. Page 11 – Capital and liquidity 1. The Common Equity Tier 1 (CET1) ratio calculated under the Standardized Approach is our binding CET1 framework. See page 22 for additional information regarding CET1 capital and ratios. 2Q26 CET1 is a preliminary estimate. 2. Includes a 4.50% minimum requirement, a stress capital buffer (SCB) of 2.50%, and a G-SIB capital surcharge of 1.50%. 3. Represents total loss absorbing capacity (TLAC) divided by risk-weighted assets (RWAs), which is our binding TLAC ratio, determined by using the greater of RWAs under the Standardized and Advanced Approaches. TLAC is a preliminary estimate. 4. Liquidity coverage ratio (LCR) represents average high-quality liquid assets divided by average projected net cash outflows, as each is defined under the LCR rule. 2Q26 LCR is a preliminary estimate. Page 12 – Consumer Banking and Lending (CBL) 1. Return on allocated capital is segment net income (loss) applicable to common stock divided by segment average allocated capital. Segment net income (loss) applicable to common stock is segment net income (loss) less allocated preferred stock dividends. 2. Efficiency ratio is segment noninterest expense divided by segment total revenue. 3. In third quarter 2025, we prospectively transferred approximately $8 billion of loans and approximately $6 billion of deposits related to certain business customers from the Commercial Banking operating segment to Consumer, Small and Business Banking in the Consumer Banking and Lending operating segment. 4. Mobile active customers is the number of consumer and small business customers who have logged on via a mobile device in the prior 90 days. 5. Reflects combined activity for consumer and small business customers. Page 17 – Outlook 1. Net interest income excluding Markets is a non-GAAP financial measure. For additional information, including a corresponding reconciliation to a GAAP financial measure, see the “Net Interest Income Excluding Markets” table on page 20. Endnotes (continued)

202Q26 Financial Results Net Interest Income Excluding Markets Quarter ended Jun 30, 2026 % Change from ($ in millions) Jun 30, 2026 Mar 31, 2026 Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 Mar 31, 2026 Jun 30, 2025 Net interest income $ 12,317 12,096 12,331 11,950 11,708 2 % 5 Markets net interest income 501 481 358 144 104 4 382 Net interest income excluding Markets $ 11,816 11,615 11,973 11,806 11,604 2 2 Wells Fargo & Company and Subsidiaries NET INTEREST INCOME EXCLUDING MARKETS We also evaluate the Company’s net interest income excluding the net interest income of the Corporate and Investment Banking Markets (Markets) line of business. Markets net interest income includes interest income earned on the assets and interest expense paid on the liabilities of the line of business, as well as funding charges and credits using our funds transfer pricing methodology. Net interest income excluding Markets is a non-GAAP financial measure that management believes is useful because it enables management, investors, and others to assess the net interest income from the Company's lending, investing, and deposit-raising activities without the volatility that may be associated with Markets activities. The table below provides a reconciliation of this non-GAAP financial measure to a GAAP financial measure.

212Q26 Financial Results Tangible Common Equity Wells Fargo & Company and Subsidiaries TANGIBLE COMMON EQUITY We also evaluate our business based on certain ratios that utilize tangible common equity. Tangible common equity is a non-GAAP financial measure and represents total equity less preferred equity, noncontrolling interests, goodwill, certain identifiable intangible assets (other than MSRs) and goodwill and other intangibles on venture capital investments in consolidated portfolio companies, net of applicable deferred taxes. One of these ratios is return on average tangible common equity (ROTCE), which represents our annualized earnings as a percentage of tangible common equity. The methodology of determining tangible common equity may differ among companies. Management believes that return on average tangible common equity, which utilizes tangible common equity, is a useful financial measure because it enables management, investors, and others to assess the Company’s use of equity. The table below provides a reconciliation of this non-GAAP financial measure to GAAP financial measures. Quarter ended Six months ended ($ in millions) Jun 30, 2026 Mar 31, 2026 Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 Jun 30, 2026 Jun 30, 2025 Return on average tangible common equity: Net income applicable to common stock (A) $6,160 5,000 5,114 5,341 5,214 $11,160 9,830 Average total equity 181,910 183,693 183,844 183,428 183,268 182,797 183,312 Adjustments: Preferred stock (15,348) (16,333) (16,608) (16,608) (18,278) (15,838) (18,442) Additional paid-in capital on preferred stock 139 140 141 141 143 140 144 Noncontrolling interests (1,972) (1,915) (1,879) (1,850) (1,818) (1,944) (1,856) Average common stockholders’ equity (B) 164,729 165,585 165,498 165,111 163,315 165,155 163,158 Adjustments: Goodwill (24,966) (24,967) (25,055) (25,070) (25,070) (24,966) (25,102) Certain identifiable intangible assets (other than MSRs) (748) (788) (847) (889) (863) (768) (468) Goodwill and other intangibles on venture capital investments in consolidated portfolio companies (included in other assets) (704) (705) (698) (674) (674) (705) (704) Applicable deferred taxes related to goodwill and other intangible assets1 1,065 1,063 1,063 1,061 989 1,064 647 Average tangible common equity (C) $139,376 140,188 139,961 139,539 137,697 $139,780 137,531 Return on average common stockholders’ equity (ROE) (annualized) (A)/(B) 15.0 % 12.2 12.3 12.8 12.8 13.6 % 12.2 Return on average tangible common equity (ROTCE) (annualized) (A)/(C) 17.7 14.5 14.5 15.2 15.2 16.1 14.4 1. Determined by applying the combined federal statutory rate and composite state income tax rates to the difference between book and tax basis of the respective goodwill and intangible assets at period-end.

222Q26 Financial Results 1. The Basel III capital rules provide for two capital frameworks (the Standardized Approach and the Advanced Approach applicable to certain institutions), and we must calculate our CET1, Tier 1 capital and total capital ratios under both approaches. 2. Determined by applying the combined federal statutory rate and composite state income tax rates to the difference between book and tax basis of the respective goodwill and intangible assets at period-end. Common Equity Tier 1 under Basel III Wells Fargo & Company and Subsidiaries RISK-BASED CAPITAL RATIOS UNDER BASEL III1 Estimated ($ in billions) Jun 30, 2026 Mar 31, 2026 Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 Total equity $182.3 180.3 183.0 183.0 183.0 Adjustments: Preferred stock (15.3) (15.3) (16.6) (16.6) (16.6) Additional paid-in capital on preferred stock 0.1 0.1 0.1 0.2 0.1 Noncontrolling interests (2.1) (1.9) (1.8) (1.9) (1.9) Total common stockholders' equity 165.0 163.2 164.7 164.7 164.6 Adjustments: Goodwill (25.0) (25.0) (25.0) (25.1) (25.1) Certain identifiable intangible assets (other than MSRs) (0.7) (0.8) (0.8) (0.9) (0.9) Goodwill and other intangibles on venture capital investments in consolidated portfolio companies (included in other assets) (0.6) (0.7) (0.7) (0.7) (0.7) Applicable deferred taxes related to goodwill and other intangible assets2 1.1 1.1 1.1 1.1 1.1 Other (2.1) (2.4) (2.0) (2.5) (2.6) Common Equity Tier 1 (A) $137.7 135.4 137.3 136.6 136.4 Total risk-weighted assets (RWAs) under the Standardized Approach (B) 1,342.2 1,316.0 1,294.6 1,242.4 1,225.9 Total RWAs under the Advanced Approach (C) 1,140.6 1,121.0 1,112.5 1,072.2 1,070.4 Common Equity Tier 1 to total RWAs under the Standardized Approach (A)/(B) 10.3 % 10.3 10.6 11.0 11.1 Common Equity Tier 1 to total RWAs under the Advanced Approach (A)/(C) 12.1 12.1 12.4 12.7 12.7

232Q26 Financial Results Disclaimer and forward-looking statements Financial results reported in this document are preliminary. Final financial results and other disclosures will be reported in our Quarterly Report on Form 10-Q for the quarter ended June 30, 2026, and may differ materially from the results and disclosures in this document due to, among other things, the completion of final review procedures, the occurrence of subsequent events, or the discovery of additional information. This document contains forward-looking statements. In addition, we may make forward-looking statements in our other documents filed or furnished with the Securities and Exchange Commission, and our management may make forward-looking statements orally to analysts, investors, representatives of the media and others. Forward-looking statements can be identified by words such as “anticipates,” “intends,” “plans,” “seeks,” “believes,” “estimates,” “expects,” “target,” “projects,” “outlook,” “forecast,” “will,” “may,” “could,” “should,” “can” and similar references to future periods. In particular, forward-looking statements include, but are not limited to, statements we make about: (i) the future operating or financial performance of the Company or any of its businesses, including our outlook for future growth; (ii) our expectations regarding noninterest expense and our efficiency ratio; (iii) future credit quality and performance, including our expectations regarding future loan losses, our allowance for credit losses, and the economic scenarios considered to develop the allowance; (iv) our expectations regarding net interest income and net interest margin; (v) loan growth or the reduction or mitigation of risk in our loan portfolios; (vi) future capital or liquidity levels, ratios or targets; (vii) the expected outcome and impact of legal, regulatory and legislative developments, as well as our expectations regarding compliance therewith; (viii) future common stock dividends, common share repurchases and other uses of capital; (ix) our targeted range for return on assets, return on equity, and return on tangible common equity; (x) expectations regarding our effective income tax rate; (xi) the outcome of contingencies, such as legal actions; (xii) sustainability and governance related goals or commitments; and (xiii) the Company’s plans, objectives and strategies. Forward-looking statements are not based on historical facts but instead represent our current expectations and assumptions regarding our business, the economy and other future conditions. Investors are urged to not unduly rely on forward-looking statements as actual results may differ materially from expectations. Forward-looking statements speak only as of the date made, and we do not undertake to update them to reflect changes or events that occur after that date. For additional information about factors that could cause actual results to differ materially from our expectations, refer to the “Forward-Looking Statements” discussion in Wells Fargo’s press release announcing our second quarter 2026 results and in our most recent Quarterly Report on Form 10-Q, as well as to Wells Fargo’s other reports filed with the Securities and Exchange Commission, including the discussion under “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2025.

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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

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