Here's What Key Metrics Tell Us About Wells Fargo (WFC) Q4 Earnings

Financial Performance - Wells Fargo reported $20.38 billion in revenue for Q4 2024, a year-over-year decline of 0.5% [1] - EPS for the quarter was$ 1.42, compared to $1.29 a year ago, representing a 10.1% increase [1] - Revenue missed the Zacks Consensus Estimate by -0.85%, while EPS exceeded expectations by +5.97% [1] Key Metrics Analysis - Average Balance - Total interest-earning assets:$ 1,756.36 billion, slightly above the $1,754.22 billion estimate [4] - Net interest margin on a taxable-equivalent basis: 2.7%, matching analyst estimates [4] - Return on assets (ROA): 1.1%, in line with analyst expectations [4] - Net loan charge-offs as a % of average total loans (annualized): 0.5%, matching estimates [4] - Return on equity (ROE): 11.7%, outperforming the 10.9% estimate [4] - Book value per common share:$ 48.85, slightly below the $49.65 estimate [4] - Total nonperforming assets:$ 7.94 billion, better than the $8.66 billion estimate [4] - Efficiency Ratio: 66%, slightly higher than the 65.1% estimate [4] - Net loan charge-offs:$ 1.21 billion, better than the $1.23 billion estimate [4] - Total nonaccrual loans:$ 7.73 billion, better than the $8.51 billion estimate [4] - Allowance for loan losses as a percentage of total loans: 1.6%, matching estimates [4] - Common Equity Tier 1 (CET1) - Standardized Approach: 12.4%, significantly higher than the 11.3% estimate [4] Stock Performance and Market Position - Wells Fargo shares returned +0.5% over the past month, outperforming the Zacks S&P 500 composite's -3.3% change [3] - The stock currently holds a Zacks Rank 1 (Strong Buy), indicating potential for outperformance in the near term [3]