Wells Fargo(US:WFC)2026-01-14 11:28Financial Performance - Total revenue for Q4 2025 was $21,292 million, a decrease of 1% from Q3 2025 and an increase of 4% year-over-year[4]. - Wells Fargo's net income for Q4 2025 was $5,361 million, down 4% from Q3 2025 but up 6% compared to Q4 2024[4]. - The diluted earnings per common share for Q4 2025 was $1.62, a decrease of 2% from Q3 2025 and an increase of 13% year-over-year[4]. - Net income for Q4 2025 was $5,361 million, a decrease of 4% year-over-year[12]. - Earnings per common share for Q4 2025 was $1.64, down 2% from Q3 2025 but up 13% year-over-year[12]. - For the year ended December 31, 2025, total revenue reached $83,699 million, an increase from $82,296 million in 2024, representing a growth of 1.7%[26]. - Net income for the year was $21,338 million, up from $19,722 million in 2024, marking an increase of 8.2%[26]. Credit Losses and Provisions - The provision for credit losses increased by 53% quarter-over-quarter to $1,040 million, while it decreased by 16% year-over-year[4]. - The provision for credit losses increased to $1,040 million from $681 million in the previous quarter, indicating a rise of 53%[22]. - The provision for credit losses for the year was $3,658 million, compared to $4,334 million in 2024, a decrease of 15.5%[26]. - The allowance for loan losses remained stable at $13,797 million, with no significant change from the previous quarter[16]. - The allowance for credit losses for loans was $1,071 million for the quarter ended December 31, 2025, an increase of $384 million from the previous quarter[51]. - The total allowance for credit losses for loans was $14,337 million, which is 1.45% of total loans as of December 31, 2025[52]. Assets and Liabilities - Total assets as of December 31, 2025, were $2,079,777 million, reflecting a 3% increase from Q3 2025 and an 8% increase year-over-year[9]. - Total liabilities rose to $1,895,933 million, a 4% increase from the previous quarter and 9% year-over-year[19]. - Total deposits reached $1,426,207 million, up 4% from the previous quarter and 4% year-over-year[16]. - Total common stockholders' equity increased to $164.651 billion, reflecting a 2% increase from the previous year[61]. Income and Expenses - Interest income for Q4 2025 was $22,602 million, a 1% increase from Q3 2025 and a 2% decrease year-over-year[12]. - Net interest income reached $12,331 million, reflecting a 3% increase from Q3 2025 and a 4% increase year-over-year[12]. - Noninterest expense totaled $13,726 million, a slight decrease of 1% from Q3 2025 and consistent year-over-year[12]. - Noninterest income decreased by 6% quarter-over-quarter to $8,961 million, but increased by 5% year-over-year[12]. Capital Ratios - Common Equity Tier 1 (CET1) ratio under the Standardized Approach was 10.6% as of December 31, 2025, down from 11.0% in Q3 2025[9]. - The total capital ratio was 14.3% as of December 31, 2025, compared to 14.8% in Q3 2025[9]. - The liquidity coverage ratio (LCR) was 119% as of December 31, 2025, down from 121% in Q3 2025[9]. Segment Performance - Net interest income in the Commercial Banking segment was $1,993 million, a 2% increase from the previous quarter[37]. - Total revenue for the Commercial Banking segment decreased by 6% to $11,978 million compared to the previous year[37]. - Net income for the Commercial Banking segment was $1,142 million, down 11% year-over-year[37]. - Total revenue for the Wealth and Investment Management segment was $4,360 million, reflecting a 4% increase from the previous quarter and a 10% increase year-over-year[45]. Customer Metrics - Digital active customers increased to 37.2 million, a 3% growth compared to the previous year[33]. - Debit card purchase volume reached $137.3 billion, reflecting a 5% increase year-over-year[33]. - Total mortgage banking income was $179 million, an 18% increase compared to $769 million for the year[33]. Nonperforming Assets - Total nonperforming assets increased to $8,503 million, representing 0.86% of total loans, up from $7,832 million (0.83%) in the previous quarter[54]. - Nonaccrual loans rose to $8,201 million, accounting for 0.83% of total loans, compared to $7,614 million (0.81%) in the prior quarter[54]. Miscellaneous - The company completed the acquisition of the remaining interest in its merchant services joint venture in April 2025, impacting card fees revenue[12]. - The company reclassified certain items on its balance sheet in Q4 2025, affecting the presentation of trading assets and liabilities[13].