Wells Fargo said it generated net income of $5.3 billion and diluted earnings per share of $1.60 in Q1 2026, compared with net income of $4.9 billion and diluted EPS of $1.39 in the same period a year ago.

10-QQuarterly reportFiled Apr 29, 2026Period of report Mar 31, 2026Summary published (UTC) Oct 2, 2026

Key points

AI summary

Wells Fargo said it generated net income of $5.3 billion and diluted earnings per share of $1.60 in Q1 2026, compared with net income of $4.9 billion and diluted EPS of $1.39 in the same period a year ago.
The company said net income increased in Q1 2026 compared with the same period a year ago, predominantly due to a $696 million increase in noninterest income and a $601 million increase in net interest income, partially offset by a $439 million increase in noninterest expense and a $203 million increase in provision for credit losses.
Wells Fargo said the allowance for credit losses for loans was $14.4 billion as of March 31, 2026, an increase of $37 million from December 31, 2025, and that commercial portfolio net loan charge-offs were $360 million and consumer portfolio net loan charge-offs were $740 million in Q1 2026.
The company said its CET1 ratio under the Standardized Approach was 10.29% (regulatory minimum and buffers of 8.50%), its total loss absorbing capacity as a percentage of total risk-weighted assets was 22.98% (regulatory minimum of 21.50%), and its liquidity coverage ratio was 120% (regulatory minimum of 100%) as of Q1 2026.

Key figures

Quarter ended March 31, 2026

Revenue: $21.4B
Net income: $5.3B
EPS: $1.60
Operating cash flow: $9.1B

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Net income $5.3 billion, diluted earnings per share $1.60 in Q1 2026

Wells Fargo said it generated net income of $5.3 billion and diluted earnings per share of $1.60 in Q1 2026, compared with net income of $4.9 billion and diluted EPS of $1.39 in the same period a year ago.

Source · Based on the MD&A text of the filing

Noninterest income up $696 million, net interest income up $601 million

The company said net income increased in Q1 2026 compared with the same period a year ago, predominantly due to a $696 million increase in noninterest income and a $601 million increase in net interest income, partially offset by a $439 million increase in noninterest expense and a $203 million increase in provision for credit losses.

Source · Based on the MD&A text of the filing

Loan allowance $14.4 billion, net charge-offs

Wells Fargo said the allowance for credit losses for loans was $14.4 billion as of March 31, 2026, an increase of $37 million from December 31, 2025, and that commercial portfolio net loan charge-offs were $360 million and consumer portfolio net loan charge-offs were $740 million in Q1 2026.

Source · Based on the MD&A text of the filing

CET1 ratio 10.29%, TLAC 22.98%, LCR 120%

The company said its CET1 ratio under the Standardized Approach was 10.29% (regulatory minimum and buffers of 8.50%), its total loss absorbing capacity as a percentage of total risk-weighted assets was 22.98% (regulatory minimum of 21.50%), and its liquidity coverage ratio was 120% (regulatory minimum of 100%) as of Q1 2026.

Source · Based on the MD&A text of the filing

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

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