WELLS FARGO & COMPANY/MN
10-K & 10-Q Filings
Wells Fargo & Company is a Delaware corporation and financial holding company with assets of approximately $1.9 trillion as of December 31, 2023. The company's principal business is to act as a holding company for its subsidiaries. Its subsidiary, Wells Fargo Bank, N.A., is its largest subsidiary with assets of $1.7 trillion. The company's business includes providing a diversified set of banking, investment, and mortgage products and services to individuals, businesses, and institutions in all 50 states, the District of Columbia, and in countries outside the U.S. Its annual reports, quarterly reports, current reports, and amendments to those reports are available on its website (www.wellsfargo.com) and the SEC's website. The company's business strategy includes investing in its employees, promoting diversity, equity, and inclusion, and offering a comprehensive set of benefits to protect their physical, emotional, and financial health. The company's reportable operating segments for management reporting purposes are Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth and Investment Management.
12 mos ending Dec 31, 201112 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 20233 mos ending Mar 31, 20233 mos ending Mar 31, 2024CAGR %YoY %Revenue (+)
$34864.00
36013.00
40491.00
42132.00
42859.00
43984.00
47029.00
48251.00
44544.00
72340.00
78492.00
73785.00
82597.00
20729.00
20863.00
7.45%0.65%Net Interest Income (+)$42763.00
43230.00
42800.00
43527.00
45301.00
47754.00
49557.00
49995.00
47231.00
39835.00
35779.00
44950.00
52375.00
13336.00
12227.00
1.70%-8.32%Interest Expense (-)$6649.00
5161.00
4289.00
4025.00
3976.00
5909.00
9352.00
14652.00
18852.00
7963.00
3915.00
9074.00
32743.00
6020.00
10613.00
14.21%76.30%Non Interest Income (+)$-7899.00
-7217.00
-2309.00
-1395.00
-2442.00
-3770.00
-2528.00
-1744.00
-2687.00
32505.00
42713.00
28835.00
30222.00
7393.00
8636.00
16.81%Selling, General & Administrative (-)$
600.00
600.00
505.00
812.00
154.00
197.00
27.92%Marketing Expenses (-)$
600.00
600.00
505.00
812.00
154.00
197.00
27.92%Depreciation & Amortization (-)$1880.00
1674.00
1504.00
1370.00
1246.00
1192.00
1152.00
1058.00
108.00
Non-recurring Operating Expenses (-)
$
1499.00
76.00
5.00
Operating Expenses (-)
$49393.00
50398.00
48842.00
49037.00
49974.00
52377.00
58484.00
56126.00
58178.00
57630.00
53831.00
57282.00
55562.00
13676.00
14338.00
0.99%4.84%Operating Income/Loss (+)$-14529.00
-14385.00
-8351.00
-6905.00
-7115.00
-8393.00
-11455.00
-7875.00
-13634.00
14710.00
24661.00
16503.00
27035.00
7053.00
6525.00
-7.49%Provision for Loan Loss (-)$7899.00
7217.00
2309.00
1395.00
2442.00
3770.00
2528.00
1744.00
2687.00
14129.00
-4155.00
1534.00
5399.00
1207.00
938.00
-3.12%-22.29%Earnings before Tax (+)$23656.00
28471.00
32629.00
33915.00
33641.00
32120.00
27377.00
28538.00
24198.00
581.00
28816.00
14969.00
21636.00
5846.00
5587.00
-0.74%-4.43%Tax Expense (-)$7445.00
9103.00
10405.00
10307.00
10365.00
10075.00
4917.00
5662.00
4157.00
-3005.00
5578.00
2087.00
2607.00
966.00
964.00
-8.37%-0.21%Income/Loss (Continuing Operations) (+)$16211.00
19368.00
22224.00
23608.00
23276.00
22045.00
22460.00
22876.00
20041.00
3586.00
23238.00
12882.00
19029.00
4880.00
4623.00
1.34%-5.27%Net Income/Loss (NCI) (-)$342.00
471.00
346.00
551.00
382.00
107.00
277.00
483.00
492.00
285.00
1690.00
-300.00
-113.00
-111.00
4.00
103.60%Net Income/Loss (+)$15869.00
18897.00
21878.00
23057.00
22894.00
21938.00
22183.00
22393.00
19549.00
3301.00
21548.00
13182.00
19142.00
4991.00
4619.00
1.57%-7.45%Preferred & Other Distributions (-)$844.00
898.00
989.00
1236.00
1424.00
1565.00
1629.00
1704.00
1611.00
1591.00
1292.00
1115.00
1160.00
278.00
306.00
2.69%10.07%Net Income/Loss (Common) (+)$15025.00
17999.00
20889.00
21821.00
21470.00
20373.00
20554.00
20689.00
17938.00
1710.00
20256.00
12067.00
17982.00
4713.00
4313.00
1.51%-8.49%EPS (Basic)$2.85
3.40
3.95
4.17
4.18
4.03
4.14
4.31
4.08
0.42
4.99
3.17
4.88
1.24
1.21
4.58%-2.42%EPS (Diluted)$2.82
3.36
3.89
4.10
4.12
3.99
4.10
4.28
4.05
0.41
4.95
3.14
4.83
1.23
1.20
4.59%-2.44%Weighted Avg Shares (Basic)5278.10
5287.60
5287.30
5237.20
5136.50
5052.80
4964.60
4799.70
4393.10
4118.00
4061.90
3805.20
3688.30
3785.60
3560.10
-2.94%-5.96%Weighted Avg Shares (Diluted)5323.40
5351.50
5371.20
5324.40
5209.80
5108.30
5017.30
4838.40
4425.40
4134.20
4096.20
3837.00
3720.40
3818.70
3600.10
-2.94%-5.72%Cash$19440.00
21860.00
19919.00
19571.00
19111.00
20729.00
23367.00
173287.00
141250.00
264612.00
234230.00
159157.00
33026.00
31958.00
30180.00
4.52%-5.56%Securities & Long-term Investments$986883.00
1030411.00
1080113.00
1121654.00
1186095.00
1278914.00
1237900.00
1444116.00
1462786.00
869121.00
882904.00
507288.00
498966.00
521547.00
514528.00
-5.52%-1.35%Property, Plant & Equipment (Net)$9531.00
9428.00
9156.00
8743.00
8704.00
8333.00
8847.00
8920.00
9309.00
8895.00
8571.00
8350.00
9266.00
8416.00
9426.00
-0.23%12.00%Goodwill & Intangibles$25115.00
25637.00
25637.00
25705.00
25529.00
26693.00
26587.00
26418.00
26390.00
26392.00
25180.00
25173.00
25175.00
25173.00
25173.00
0.02%0.00%Other Assets$272898.00
335632.00
392190.00
511482.00
548193.00
595446.00
655056.00
243142.00
287820.00
786143.00
797183.00
1181048.00
1366035.00
1299306.00
1379846.00
14.36%6.20%Assets (Total)$1313867.00
1422968.00
1527015.00
1687155.00
1787632.00
1930115.00
1951757.00
1895883.00
1927555.00
1955163.00
1948068.00
1881016.00
1932468.00
1886400.00
1959153.00
3.27%3.86%Deposits$920070.00
1002835.00
1079177.00
1168310.00
1223312.00
1306079.00
1335991.00
1286170.00
1322626.00
1404381.00
1482479.00
1383985.00
1358173.00
1362629.00
1383147.00
3.30%1.51%Accounts Payable$77665.00
76668.00
69949.00
86122.00
73365.00
57189.00
70615.00
69317.00
75163.00
76404.00
70957.00
69056.00
71210.00
69181.00
79438.00
-0.72%14.83%Debt (Current)$49091.00
57175.00
53883.00
63518.00
97528.00
96781.00
103256.00
105787.00
104512.00
58999.00
34409.00
51145.00
89559.00
81007.00
109014.00
5.14%34.57%Securities (Liabilities)$
14492.00
8796.00
8499.00
9079.00
16509.00
9424.00
20085.00
18495.00
16897.00
17116.00
1.30%Debt (Non-current)$174445.00
184554.00
206881.00
247461.00
297064.00
351858.00
328276.00
334831.00
332703.00
271949.00
195098.00
226015.00
297147.00
254473.00
296778.00
4.54%16.62%Liabilities (Total)$1172180.00
1264057.00
1356007.00
1501893.00
1593741.00
1729618.00
1743678.00
1698817.00
1739571.00
1769243.00
1757958.00
1699141.00
1745025.00
1703180.00
1776479.00
3.37%4.30%Treasury Stock$2744.00
6610.00
8104.00
13690.00
18867.00
22713.00
29892.00
47194.00
68831.00
67791.00
79757.00
82853.00
92960.00
86049.00
98256.00
34.12%14.19%Retained Earnings$64385.00
77679.00
92361.00
107040.00
120866.00
133075.00
145263.00
158163.00
166697.00
162890.00
180322.00
187649.00
201136.00
191688.00
203870.00
9.96%6.36%AOCI$3207.00
5650.00
1386.00
3518.00
297.00
-3137.00
-2144.00
-6336.00
-1311.00
194.00
-1702.00
-13381.00
-11580.00
-12572.00
-12546.00
0.21%Shareholder's Equity$141687.00
158911.00
171008.00
185262.00
193891.00
200497.00
208079.00
197066.00
187984.00
185920.00
190110.00
181875.00
187443.00
183220.00
182674.00
2.36%-0.30%Liabilities & Equity$1313867.00
1422968.00
1527015.00
1687155.00
1787632.00
1930115.00
1951757.00
1895883.00
1927555.00
1955163.00
1948068.00
1881016.00
1932468.00
1886400.00
1959153.00
3.27%3.86%Depreciation & Amortization$2208.00
2807.00
3293.00
2515.00
3288.00
4970.00
5406.00
5593.00
7075.00
8736.00
7890.00
6832.00
6271.00
1552.00
1819.00
9.09%17.20%Increase/Decrease in Working Capital$327392.00
397347.00
271227.00
126812.00
142506.00
-51495.00
-32636.00
-44517.00
-22406.00
-23624.00
25116.00
-21650.00
-1659.00
4377.00
17495.00
299.70%Share-based Compensation$529.00
Adjustments to Reconcile Net Income
$-314816.00
-391819.00
-276589.00
-123383.00
-141705.00
55950.00
42529.00
46932.00
32644.00
57834.00
-34763.00
14166.00
21329.00
2526.00
-16748.00
-763.02%Net Cash (Operating)$13665.00
58540.00
57641.00
17529.00
14772.00
169.00
18722.00
36073.00
6730.00
2051.00
-11525.00
27048.00
40358.00
7406.00
-12125.00
9.44%-263.72%Capital Expenditure$353.00
4322.00
174.00
3.00
30584.00
320.00
10.00
Net Cash (Investing)
$-35044.00
-139890.00
-153492.00
-128380.00
-107235.00
-122119.00
-5164.00
-7754.00
-29631.00
122554.00
-7619.00
-42476.00
16043.00
-7955.00
21095.00
365.18%Increase/Decrease in Debt$27029.00
90063.00
100756.00
123493.00
104574.00
137218.00
6705.00
-38473.00
27247.00
9031.00
8133.00
-47780.00
38787.00
3505.00
32416.00
3.06%824.85%Increase/Decrease in Equity$1381.00
-450.00
13.00
-4799.00
-3999.00
-4600.00
-8020.00
-20001.00
-24153.00
272.00
-8708.00
-6033.00
-10129.00
-4016.00
-6001.00
-49.43%Interest Expenses$7011.00
5245.00
4321.00
3906.00
3816.00
5573.00
9103.00
14366.00
18834.00
8414.00
4384.00
8289.00
30431.00
5477.00
10385.00
13.01%89.61%Dividends Paid$3381.00
5457.00
6970.00
8143.00
8826.00
9038.00
9109.00
9314.00
9589.00
6142.00
3627.00
5293.00
5930.00
1357.00
1474.00
4.79%8.62%Net Cash (Financing)$24775.00
83770.00
93910.00
110503.00
92003.00
123568.00
-10920.00
-70979.00
-9136.00
-1243.00
-11238.00
-59645.00
20494.00
-2177.00
23574.00
-1.57%1182.87%Cash Taxes Paid$4875.00
8024.00
7132.00
8808.00
13688.00
8446.00
6592.00
1977.00
7557.00
1175.00
3166.00
3376.00
-1786.00
-827.00
-1855.00
-124.30%Increase/Decrease in Cash$3396.00
2420.00
-1941.00
-348.00
-460.00
1618.00
2638.00
-42660.00
-32037.00
123362.00
-30382.00
-75073.00
76895.00
-2726.00
32544.00
29.69%1293.84%Cash (Beginning)$16044.00
19440.00
21860.00
19919.00
19571.00
19111.00
20729.00
215947.00
173287.00
141250.00
264612.00
234230.00
159157.00
159157.00
236052.00
21.07%48.31%Cash (Ending)$19440.00
21860.00
19919.00
19571.00
19111.00
20729.00
23367.00
173287.00
141250.00
264612.00
234230.00
159157.00
236052.00
156431.00
268596.00
23.13%71.70%NOPAT$-11534.88
-10330.87
-6525.65
-5111.72
-4220.02
-6186.05
-8696.80
-7329.45
-9376.12
90791.84
21951.51
12781.03
23777.45
5887.55
5399.15
-8.30%Operating Margin %-41.67%
-39.94%
-20.62%
-16.39%
-16.60%
-19.08%
-24.36%
-16.32%
-30.61%
20.33%
31.42%
22.37%
32.73%
34.02%
31.28%
NOPAT Margin %-33.09%
-28.69%
-16.12%
-12.13%
-9.85%
-14.06%
-18.49%
-15.19%
-21.05%
125.51%
27.97%
17.32%
28.79%
28.40%
25.88%
Net Margin %45.52%
52.47%
54.03%
54.73%
53.42%
49.88%
47.17%
46.41%
43.89%
4.56%
27.45%
17.87%
23.18%
24.08%
22.14%
Tax Rate %20.61%
28.18%
21.86%
25.97%
40.69%
26.30%
24.08%
6.93%
31.23%
-517.21%
10.99%
22.55%
12.05%
16.52%
17.25%
ROA-0.88%
-0.73%
-0.43%
-0.30%
-0.24%
-0.32%
-0.45%
-0.39%
-0.49%
4.64%
1.13%
0.68%
1.23%
0.31%
0.28%
ROE-8.14%
-6.50%
-3.82%
-2.76%
-2.18%
-3.09%
-4.18%
-3.72%
-4.99%
48.83%
11.55%
7.03%
12.69%
3.21%
2.96%
Equity Multiplier9.27
8.95
8.93
9.11
9.22
9.63
9.38
9.62
10.25
10.52
10.25
10.34
10.31
10.30
10.72
Debt/Equity Ratio8.07
7.83
7.84
7.98
8.34
8.75
8.49
8.76
9.36
9.33
9.01
9.13
9.31
9.27
9.79
Dividend Payout Ratio %29.31%
52.82%
106.81%
159.30%
209.15%
146.10%
104.74%
127.08%
102.27%
6.76%
16.52%
41.41%
24.94%
23.05%
27.30%
Total Payout$2000.00
5907.00
6957.00
12942.00
12825.00
13638.00
17129.00
29315.00
33742.00
5870.00
12335.00
11326.00
16059.00
5373.00
7475.00
18.96%39.12%Payout Ratio %17.34%
57.18%
106.61%
253.18%
303.91%
220.46%
196.96%
399.96%
359.87%
6.47%
56.19%
88.62%
67.54%
91.26%
138.45%