AI English summary of an SEC filing — figures as filed
Wells Fargo WFCThe company said it reported net income of $5,253 million and diluted earnings per share of $1.60 for Q1 2026. Total revenue was $21,446 million, and net interest income, noninterest income and noninterest expense were $4,894 million, $1.39 and $20,149 million, respectively, for Q1 2025.
Key points
AI summaryThe company said it reported net income of $5,253 million and diluted earnings per share of $1.60 for Q1 2026. Total revenue was $21,446 million, and net interest income, noninterest income and noninterest expense were $4,894 million, $1.39 and $20,149 million, respectively, for Q1 2025.
Wells Fargo said net interest income for Q1 2026 rose 5% from a year earlier, and noninterest income rose 8%. It cited higher deposit balances and lower deposit costs as drivers of net interest income, and improved venture capital investment results and higher asset-based fees as drivers of noninterest income.
The company said its net loan charge-off rate, annualized as a percentage of average total loans, was 0.45% for Q1 2026, and its allowance for credit losses for loans was 1.41% of total loans. It said its CET1 ratio was 10.3%, lower than 10.6% on December 31, 2025 and 11.1% on March 31, 2025, and that the CET1 for March 31, 2026 was a preliminary estimate.
The company said it repurchased 46.3 million shares of common stock, worth $4.0 billion, in Q1 2026. It also said Q1 included $135 million in one-time tax benefits, or $0.04 per share, related to the resolution of prior period matters.
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Wells Fargo Reports Q1 2026 Net Income of $5,253 million, Diluted EPS of $1.60
The company said it reported net income of $5,253 million and diluted earnings per share of $1.60 for Q1 2026. Total revenue was $21,446 million, and net interest income, noninterest income and noninterest expense were $4,894 million, $1.39 and $20,149 million, respectively, for Q1 2025.
Source · Based on the filing body and exhibits
Net Interest Income Up 5%, Noninterest Income Up 8%, Company Cites Drivers
Wells Fargo said net interest income for Q1 2026 rose 5% from a year earlier, and noninterest income rose 8%. It cited higher deposit balances and lower deposit costs as drivers of net interest income, and improved venture capital investment results and higher asset-based fees as drivers of noninterest income.
Source · Based on the filing body and exhibits
Credit and Capital Metrics for Q1 2026
The company said its net loan charge-off rate, annualized as a percentage of average total loans, was 0.45% for Q1 2026, and its allowance for credit losses for loans was 1.41% of total loans. It said its CET1 ratio was 10.3%, lower than 10.6% on December 31, 2025 and 11.1% on March 31, 2025, and that the CET1 for March 31, 2026 was a preliminary estimate.
Source · Based on the filing body and exhibits
Share Buybacks and One-Time Tax Items
The company said it repurchased 46.3 million shares of common stock, worth $4.0 billion, in Q1 2026. It also said Q1 included $135 million in one-time tax benefits, or $0.04 per share, related to the resolution of prior period matters.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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