Wells Fargo & Company · Earnings release · 8-K Exhibit 99

4Q25 Quarterly Supplement

Wells Fargo & Company and Subsidiaries

QUARTERLY FINANCIAL DATA

TABLE OF CONTENTS

Page

Consolidated Results

Summary Financial Data

3

Consolidated Statement of Income

5

Consolidated Balance Sheet

6

Average Balances and Interest Rates (Taxable-Equivalent Basis)

7

Reportable Operating Segment Results

Combined Segment Results

8

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

Changes in Trading Assets and Liabilities

Financial results reported in this document are preliminary. Final financial results and other disclosures will be reported in our Annual Report on Form 10-K for the year ended December 31, 2025, 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.

Wells Fargo & Company and Subsidiaries

SUMMARY FINANCIAL DATA

Quarter ended

% Change from

Year ended

(in millions, except ratios and per share amounts)

%

Change

Selected Income Statement Data

Total revenue

$

(1)

%

4

$

2

%

Noninterest expense

(1)

(1)

—

Pre-tax pre-provision profit (PTPP) (1)

—

4

Provision for credit losses (2)

(5)

Wells Fargo net income

(4)

6

8

Wells Fargo net income applicable to common stock

(4)

7

9

Common Share Data

Diluted earnings per common share

(2)

Dividends declared per common share

—

Common shares outstanding

(2)

(6)

Average common shares outstanding

(2)

(6)

(7)

Diluted average common shares outstanding

(2)

(6)

(6)

Book value per common share (3)

$

2

9

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

2

9

Selected Equity Data (period-end)

Total equity

—

1

Common stockholders' equity

—

2

Tangible common equity (4)

—

3

Performance Ratios

Return on average assets (ROA) (5)

%

%

Return on average equity (ROE) (6)

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

Efficiency ratio (7)

Net interest margin on a taxable-equivalent basis

Average deposit cost

(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

% Change from

Year ended

($ in millions, unless otherwise noted)

%

Change

Selected Balance Sheet Data (average)

Loans

$

3

%

5

$

1

%

Assets

3

8

4

Deposits

3

2

—

Selected Balance Sheet Data (period-end)

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

—

6

Loans

5

8

Allowance for credit losses for loans

—

(2)

Assets

4

Deposits

4

4

Headcount (#) (period-end)

(3)

(6)

Capital and other metrics (1)

Risk-based capital ratios and components (2):

Standardized Approach:

Common Equity Tier 1 (CET1)

%

Tier 1 capital

Total capital

Risk-weighted assets (RWAs) (in billions)

$

4

6

Advanced Approach:

Common Equity Tier 1 (CET1)

%

Tier 1 capital

Total capital

Risk-weighted assets (RWAs) (in billions)

$

4

3

Tier 1 leverage ratio

%

Supplementary Leverage Ratio (SLR)

Total Loss Absorbing Capacity (TLAC) Ratio (3)

Liquidity Coverage Ratio (LCR) (4)

(1)Ratios and metrics for December 31, 2025, 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

% Change from

Year ended

(in millions, except per share amounts)

%

Change

Interest income

$

1

%

2

$

(4)

%

Interest expense

(2)

1

(8)

Net interest income

3

4

—

Noninterest income

Deposit-related fees

—

4

2

Lending-related fees

2

1

1

Investment advisory and other asset-based fees

5

9

7

Commissions and brokerage services fees

1

3

1

Investment banking fees

(1)

Card fees (1)

(6)

6

6

Mortgage banking

Net gains from trading activities (2)

(2)

(4)

Net gains (losses) from debt securities

3

—

—

NM

Net gains (losses) from equity investments

(4)

Total noninterest income

(6)

5

5

Total revenue

(1)

4

2

Provision for credit losses (4)

(5)

Noninterest expense

Personnel

1

—

2

Technology, telecommunications and equipment

4

7

Occupancy

7

6

3

Professional and outside services

5

—

(1)

Advertising and promotion

Other (3)

Total noninterest expense

(1)

(1)

—

Income before income tax expense

(6)

8

Income tax expense

Net income before noncontrolling interests

(3)

3

7

Less: Net income (loss) from noncontrolling interests

Wells Fargo net income

$

(4)

%

6

$

8

%

Less: Preferred stock dividends and other

—

(6)

Wells Fargo net income applicable to common stock

$

(4)

%

7

$

9

%

Per share information

Earnings per common share

$

(2)

%

$

%

Diluted earnings per common share

(2)

NM – Not meaningful

(1)In April 2025, we completed our acquisition of the remaining interest in our merchant services joint venture. Following the acquisition, the revenue from this business has been included in card fees. Prior to the acquisition, our share of the net earnings of the joint venture was included in other noninterest income.

(2)In fourth quarter 2025, we changed the presentation of certain items on our consolidated balance sheet, including trading assets and liabilities. We also reclassified the gains (losses) related to our physical commodities inventory, including the related hedging impacts, from other noninterest income to net gains from trading activities. Prior period balances have been revised to conform with the current period presentation. See page 27 for additional information.

(3)In fourth quarter 2025, we reclassified lease income into other noninterest income and operating losses and lease expense into other noninterest expense. Prior period balances have been revised to conform with the current period presentation.

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

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Wells Fargo & Company and Subsidiaries

CONSOLIDATED BALANCE SHEET

% Change from

(in millions, except shares)

Assets

Cash and due from banks

$

%

6

Interest-earning deposits with banks

(3)

Federal funds sold and securities borrowed or purchased under resale agreements

Trading assets, at fair value (1)

1

Available-for-sale debt securities, at fair value

3

Held-to-maturity debt securities, at amortized cost

(3)

Loans

5

8

Allowance for loan losses

—

3

Net loans

5

8

Premises and equipment, net

3

Goodwill

—

(1)

Equity investments (1)

4

(1)

Other assets (1)

(2)

3

Total assets

$

4

Liabilities

Noninterest-bearing deposits

$

—

(5)

Interest-bearing deposits

6

7

Total deposits

4

4

Federal funds purchased and securities loaned or sold under repurchase agreements (1)

Short-term borrowings (1)

Trading liabilities, at fair value (1)

—

1

Accrued expenses and other liabilities (1)

(4)

Long-term debt

(2)

1

Total liabilities

5

Equity

Wells Fargo stockholders’ equity:

Preferred stock

—

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

—

—

Additional paid-in capital

—

1

Retained earnings

2

7

Accumulated other comprehensive loss

Treasury stock (2)

(4)

Total Wells Fargo stockholders’ equity

—

1

Noncontrolling interests

3

(1)

Total equity

—

1

Total liabilities and equity

$

4

(1)In fourth quarter 2025, we changed the presentation of certain items on our consolidated balance sheet, including trading assets and liabilities and short-term borrowings. Prior period balances have been revised to conform with the current period presentation.

(2)Number of shares of treasury stock were 2,389,192,624, 2,332,874,793, 2,261,443,304, 2,220,135,208, and 2,192,867,645 at December 31, September 30, June 30, and March 31, 2025, and December 31, 2024, respectively.

-6-

Wells Fargo & Company and Subsidiaries

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

Quarter ended

% Change from

Year ended

%

Change

($ in millions)

Average Balances

Assets

Interest-earning deposits with banks

$

(9)

%

$

%

Federal funds sold and securities borrowed or purchased under resale agreements

Trading assets (2)

7

Available-for-sale debt securities

6

Held-to-maturity debt securities

(4)

Loans

3

5

1

Equity investments (2)

(6)

(1)

1

Other interest-earning assets (2)

1

Total interest-earning assets

4

8

3

Total noninterest-earning assets

2

9

Total assets

$

3

8

$

4

Liabilities

Interest-bearing deposits

$

4

4

$

(1)

Federal funds purchased and securities loaned or sold under repurchase agreements (2)

Short-term borrowings (2)

Trading liabilities (2)

8

Long-term debt

1

1

(5)

Other interest-bearing liabilities (2)

(4)

5

8

Total interest-bearing liabilities

5

5

Noninterest-bearing deposits

—

(3)

2

Other noninterest-bearing liabilities

4

(3)

(9)

Total liabilities

4

9

4

Total equity

—

—

—

Total liabilities and equity

$

3

8

$

4

Average Interest Rates

Interest-earning assets

Interest-earning deposits with banks

%

%

Federal funds sold and securities borrowed or purchased under resale agreements

Trading assets (2)

Available-for-sale debt securities

Held-to-maturity debt securities

Loans

Equity investments (2)

Other interest-earning assets (2)

Total interest-earning assets

Interest-bearing liabilities

Interest-bearing deposits

Federal funds purchased and securities loaned or sold under repurchase agreements (2)

Short-term borrowings (2)

Trading liabilities (2)

Long-term debt

Other interest-bearing liabilities (2)

Total interest-bearing liabilities

Interest rate spread on a taxable-equivalent basis (3)

Net interest margin on a taxable-equivalent basis (3)

(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)In fourth quarter 2025, we changed the presentation of certain items on our consolidated balance sheet, including trading assets and liabilities and short-term borrowings. Prior period balances have been revised to conform with the current period presentation.

(3)Includes taxable-equivalent adjustments of $74 million, $75 million, $77 million, $77 million, and $78 million for the quarters ended December 31, September 30, June 30, and March 31, 2025, and December 31, 2024, respectively, and $303 million and $340 million for the years ended December 31, 2025 and 2024, respectively, predominantly related to tax-exempt income on certain loans and securities. The federal statutory tax rate utilized was 21% for the periods presented.

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Wells Fargo & Company and Subsidiaries

COMBINED SEGMENT RESULTS (1)

(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

$

Noninterest income

Total revenue

Provision for credit losses

(9)

—

Noninterest expense

—

Income (loss) before income tax expense (benefit)

Income tax expense (benefit)

Net income (loss) before noncontrolling interests

—

Less: Net income from noncontrolling interests

—

2

—

—

—

Net income (loss)

$

—

Net interest income

$

Noninterest income

Total revenue

Provision for credit losses

(4)

—

Noninterest expense

—

Income (loss) before income tax expense (benefit)

Income tax expense (benefit)

Net income (loss) before noncontrolling interests

—

Less: Net income from noncontrolling interests

—

2

—

—

—

Net income (loss)

$

—

Net interest income

$

Noninterest income

Total revenue

Provision for credit losses

—

Noninterest expense

—

Income (loss) before income tax expense (benefit)

Income tax expense (benefit)

Net income before noncontrolling interests

—

Less: Net income from noncontrolling interests

—

2

—

—

—

Net income

$

—

(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 and private equity investments. Corporate also includes certain lines of business that management has determined are no longer consistent with the long-term strategic goals of the Company as well as 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)

(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

$

Noninterest income

Total revenue

Provision for credit losses

—

—

Noninterest expense

—

Income (loss) before income tax expense (benefit)

Income tax expense (benefit)

Net income (loss) before noncontrolling interests