Exhibit 99.2                                                            
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2Q25 Quarterly Supplement


Wells Fargo & Company and Subsidiaries
QUARTERLY FINANCIAL DATA
TABLE OF CONTENTS
Page
Consolidated Results
Average Balances and Interest Rates (Taxable-Equivalent Basis)
Reportable Operating Segment Results
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
Equity
Tangible Common Equity
Risk-Based Capital Ratios Under Basel III
Financial results reported in this document are preliminary. Final financial results and other disclosures will be reported in our Quarterly Report on Form 10-Q for the quarter ended June 30, 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 endedJun 30, 2025
% Change from		Six months ended
(in millions, except ratios and per share amounts)Jun 30,
2025		Mar 31,
2025		Dec 31,
2024		Sep 30,
2024		Jun 30,
2024		Mar 31,
2025		Jun 30,
2024		Jun 30,
2025		Jun 30,
2024		%
Change
Selected Income Statement Data
Total revenue$20,822 20,149 20,378 20,366 20,689 3 %1 $40,971 41,552 (1)%
Noninterest expense13,379 13,891 13,900 13,067 13,293 (4)1 27,270 27,631 (1)
Pre-tax pre-provision profit (PTPP) (1)7,443 6,258 6,478 7,299 7,396 19 1 13,701 13,921 (2)
Provision for credit losses (2)1,005 932 1,095 1,065 1,236 8 (19)1,937 2,174 (11)
Wells Fargo net income5,494 4,894 5,079 5,114 4,910 12 12 10,388 9,529 9
Wells Fargo net income applicable to common stock5,214 4,616 4,801 4,852 4,640 13 12 9,830 8,953 10
Common Share Data
Diluted earnings per common share1.60 1.39 1.43 1.42 1.33 15 20 2.98 2.53 18
Dividends declared per common share
0.40 0.40 0.40 0.40 0.35 — 14 0.80 0.70 14 
Common shares outstanding3,220.4 3,261.7 3,288.9 3,345.5 3,402.7 (1)(5)
Average common shares outstanding3,232.7 3,280.4 3,312.8 3,384.8 3,448.3 (1)(6)3,256.4 3,504.2 (7)
Diluted average common shares outstanding3,267.0 3,321.6 3,360.7 3,425.1 3,486.2 (2)(6)3,294.2 3,543.2 (7)
Book value per common share (3)$51.13 49.86 48.85 49.26 47.01 3 9 
Tangible book value per common share (3)(4)
43.18 42.24 41.24 41.76 39.57 2 9 
Selected Equity Data (period-end)
Total equity182,954 182,906 181,066 185,011 178,148 — 3 
Common stockholders' equity164,644 162,627 160,656 164,801 159,963 1 3 
Tangible common equity (4)
139,057 137,776 135,628 139,711 134,660 1 3 
Performance Ratios
Return on average assets (ROA) (5)1.14 %1.03 1.05 1.06 1.03 1.09 %1.00 
Return on average equity (ROE) (6)12.8 11.5 11.7 11.7 11.5 12.2 11.0 
Return on average tangible common equity (ROTCE) (4)
15.2 13.6 13.9 13.9 13.7 14.4 13.0 
Efficiency ratio (7)
64 69 68 64 64 67 66 
Net interest margin on a taxable-equivalent basis2.68 2.67 2.70 2.67 2.75 2.67 2.78 
Average deposit cost1.52 1.58 1.73 1.91 1.84 1.55 1.79 
(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).
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Wells Fargo & Company and Subsidiaries
SUMMARY FINANCIAL DATA (continued)
Quarter endedJun 30, 2025
% Change from		Six months ended
($ in millions, unless otherwise noted)Jun 30,
2025		Mar 31,
2025		Dec 31,
2024		Sep 30,
2024		Jun 30,
2024		Mar 31,
2025		Jun 30,
2024		Jun 30,
2025		Jun 30,
2024		%
Change
Selected Balance Sheet Data (average)
Loans$916,719 908,182 906,353 910,255 916,977 1 %— $912,474 922,526 (1)%
Assets1,933,371 1,919,661 1,918,536 1,916,612 1,914,647 1 1 1,926,554 1,915,810 1 
Deposits1,331,651 1,339,328 1,353,836 1,341,680 1,346,478 (1)(1)1,335,469 1,344,052 (1)
Selected Balance Sheet Data (period-end)
Debt securities533,916 528,493 519,131 529,832 520,254 1 3 
Loans924,418 913,842 912,745 909,711 917,907 1 1 
Allowance for credit losses for loans14,568 14,552 14,636 14,739 14,789 — (1)
Equity securities67,476 63,601 60,644 59,771 60,763 6 11 
Assets1,981,269 1,950,311 1,929,845 1,922,125 1,940,073 2 2 
Deposits1,340,703 1,361,728 1,371,804 1,349,646 1,365,894 (2)(2)
Headcount (#) (period-end)212,804 215,367 217,502 220,167 222,544 (1)(4)
Capital and other metrics (1)
Risk-based capital ratios and components (2):
Standardized Approach:
Common Equity Tier 1 (CET1)11.1 %11.1 11.1 11.3 11.0 
Tier 1 capital12.4 12.6 12.6 12.8 12.3 
Total capital15.0 15.2 15.2 15.5 15.0 
Risk-weighted assets (RWAs) (in billions)$1,227.1 1,222.0 1,216.1 1,219.9 1,219.5 — 1 
Advanced Approach:
Common Equity Tier 1 (CET1)12.7 %12.7 12.4 12.7 12.3 
Tier 1 capital14.2 14.5 14.1 14.4 13.8 
Total capital16.2 16.5 16.1 16.4 15.8 
Risk-weighted assets (RWAs) (in billions)$1,074.0 1,063.6 1,085.0 1,089.3 1,093.0 1 (2)
Tier 1 leverage ratio
8.0 %8.1 8.1 8.3 8.0 
Supplementary Leverage Ratio (SLR)
6.7 6.8 6.7 6.9 6.7 
Total Loss Absorbing Capacity (TLAC) Ratio (3)
24.4 25.1 24.8 25.3 24.8 
Liquidity Coverage Ratio (LCR) (4)
121 125 125 127 124 
(1)Ratios and metrics for June 30, 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.
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Wells Fargo & Company and Subsidiaries
CONSOLIDATED STATEMENT OF INCOME
Quarter endedJun 30, 2025
% Change from		Six months ended
(in millions, except per share amounts)Jun 30,
2025		Mar 31,
2025		Dec 31,
2024		Sep 30,
2024		Jun 30,
2024		Mar 31,
2025		Jun 30,
2024		Jun 30,
2025		Jun 30,
2024		%
Change
Interest income$21,320 20,973 22,055 22,998 22,884 2 %(7)$42,293 45,724 (8)%
Interest expense9,612 9,478 10,219 11,308 10,961 1(12)19,090 21,574 (12)
Net interest income11,708 11,495 11,836 11,690 11,923 2 (2)23,203 24,150 (4)
Noninterest income
Deposit-related fees1,249 1,269 1,237 1,299 1,249 (2)— 2,518 2,479 2 
Lending-related fees373 364 388 376 369 2 1 737 736 — 
Investment advisory and other asset-based fees2,499 2,536 2,566 2,463 2,415 (1)3 5,035 4,746 6 
Commissions and brokerage services fees610 638 635 646 614 (4)(1)1,248 1,240 1 
Investment banking fees696 775 725 672 641 (10)9 1,471 1,268 16 
Card fees (1)
1,173 1,044 1,084 1,096 1,101 12 7 2,217 2,162 3 
Mortgage banking230 332 294 280 243 (31)(5)562 473 19 
Net gains from trading activities1,270 1,373 950 1,438 1,442 (8)(12)2,643 2,896 (9)
Net losses from debt securities
— (147)(448)(447)— 100NM(147)(25)NM
Net gains (losses) from equity securities
119 (343)715 257 80 13549 (224)98 NM
Lease income264 272 241 277 292 (3)(10)536 713 (25)
Other631 541 155 319 320 17 97 1,172 616 90 
Total noninterest income9,114 8,654 8,542 8,676 8,766 5 4 17,768 17,402 2 
Total revenue20,822 20,149 20,378 20,366 20,689 3 1 40,971 41,552 (1)
Provision for credit losses (2)
1,005 932 1,095 1,065 1,236 8 (19)1,937 2,174 (11)
Noninterest expense
Personnel8,709 9,474 9,071 8,591 8,575 (8)2 18,183 18,067 1 
Technology, telecommunications and equipment1,287 1,223 1,282 1,142 1,106 5 16 2,510 2,159 16 
Occupancy766 761 789 786 763 1 — 1,527 1,477 3 
Operating losses311 143 338 293 493 117 (37)454 1,126 (60)
Professional and outside services1,089 1,038 1,237 1,130 1,139 5 (4)2,127 2,240 (5)
Leases (3)
154 157 158 152 159 (2)(3)311 323 (4)
Advertising and promotion266 181 243 205 224 47 19 447 421 6 
Other797 914 782 768 834 (13)(4)1,711 1,818 (6)
Total noninterest expense13,379 13,891 13,900 13,067 13,293 (4)1 27,270 27,631 (1)
Income before income tax expense
6,438 5,326 5,383 6,234 6,160 21 5 11,764 11,747 — 
Income tax expense
916 522 120 1,064 1,251 75(27)1,438 2,215 (35)
Net income before noncontrolling interests5,522 4,804 5,263 5,170 4,909 15 12 10,326 9,532 8 
Less: Net income (loss) from noncontrolling interests
28 (90)184 56 (1)131NM(62)3 NM
Wells Fargo net income$5,494 4,894 5,079 5,114 4,910 12 %12 $10,388 9,529 9 %
Less: Preferred stock dividends and other280 278 278 262 270 14 558 576 (3)
Wells Fargo net income applicable to common stock$5,214 4,616 4,801 4,852 4,640 13 %12 $9,830 8,953 10 %
Per share information
Earnings per common share$1.61 1.41 1.45 1.43 1.35 14 %19 $3.02 2.56 18 %
Diluted earnings per common share1.60 1.39 1.43 1.42 1.33 15 20 2.98 2.53 18 
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)Includes provision for credit losses for loans, debt securities, and other financial assets.
(3)Represents expenses for assets we lease to customers.
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Wells Fargo & Company and Subsidiaries
CONSOLIDATED BALANCE SHEET
Jun 30, 2025
% Change from
(in millions, except shares)
Jun 30,
2025		Mar 31,
2025		Dec 31,
2024		Sep 30,
2024		Jun 30,
2024		Mar 31,
2025		Jun 30,
2024
Assets
Cash and due from banks$35,081 35,256 37,080 33,530 32,701 — %7 
Interest-earning deposits with banks159,480 142,309 166,281 152,016 199,322 12 (20)
Federal funds sold and securities purchased under resale agreements104,815 126,830 105,330 105,390 82,259 (17)27 
Debt securities:
Trading, at fair value127,554 125,037 121,205 120,677 120,766 2 6 
Available-for-sale, at fair value184,869 176,229 162,978 166,004 148,752 5 24 
Held-to-maturity, at amortized cost221,493 227,227 234,948 243,151 250,736 (3)(12)
Loans held for sale8,730 6,431 6,260 7,275 7,312 36 19 
Loans924,418 913,842 912,745 909,711 917,907 1 1 
Allowance for loan losses(13,961)(14,029)(14,183)(14,330)(14,360)— 3 
Net loans910,457 899,813 898,562 895,381 903,547 1 1 
Mortgage servicing rights7,048 7,180 7,779 7,493 8,027 (2)(12)
Premises and equipment, net10,768 10,357 10,297 9,955 9,648 4 12 
Goodwill25,071 25,066 25,167 25,173 25,172 — — 
Derivative assets 23,912 18,518 20,012 17,721 18,721 29 28 
Equity securities67,476 63,601 60,644 59,771 60,763 6 11 
Other assets94,515 86,457 73,302 78,588 72,347 9 31 
Total assets$1,981,269 1,950,311 1,929,845 1,922,125 1,940,073 2 2 
Liabilities
Noninterest-bearing deposits$370,844 377,443 383,616 370,005 348,525 (2)6 
Interest-bearing deposits969,859 984,285 988,188 979,641 1,017,369 (1)(5)
Total deposits1,340,703 1,361,728 1,371,804 1,349,646 1,365,894 (2)(2)
Short-term borrowings
187,995 139,776 108,806 111,894 118,834 34 58 
Derivative liabilities
12,548 11,109 16,335 11,390 16,237 13 (23)
Accrued expenses and other liabilities80,832 81,132 78,756 82,169 81,824 — (1)
Long-term debt
176,237 173,660 173,078 182,015 179,136 1 (2)
Total liabilities1,798,315 1,767,405 1,748,779 1,737,114 1,761,925 2 2 
Equity
Wells Fargo stockholders’ equity:
Preferred stock16,608 18,608 18,608 18,608 16,608 (11)— 
Common stock – $1-2/3 par value, authorized 9,000,000,000 shares; issued 5,481,811,474 shares
9,136 9,136 9,136 9,136 9,136 — — 
Additional paid-in capital60,669 60,275 60,817 60,623 60,373 1 — 
Retained earnings221,308 217,405 214,198 210,749 207,281 2 7 
Accumulated other comprehensive loss(9,366)(9,998)(12,176)(8,372)(12,721)6 26 
Treasury stock (1)
(117,244)(114,336)(111,463)(107,479)(104,247)(3)(12)
Total Wells Fargo stockholders’ equity181,111 181,090 179,120 183,265 176,430 — 3 
Noncontrolling interests1,843 1,816 1,946 1,746 1,718 1 7 
Total equity182,954 182,906 181,066 185,011 178,148 — 3 
Total liabilities and equity$1,981,269 1,950,311 1,929,845 1,922,125 1,940,073 2 2 
(1)Number of shares of treasury stock were 2,261,443,304, 2,220,135,208, 2,192,867,645, 2,136,319,281, and 2,079,100,421 at June 30, and March 31, 2025, and December 31, September 30, and June 30, 2024, respectively.
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Wells Fargo & Company and Subsidiaries
AVERAGE BALANCES AND INTEREST RATES (TAXABLE-EQUIVALENT BASIS) (1)
Quarter endedJun 30, 2025
% Change from		Six months ended%
Change
 ($ in millions)Jun 30, 2025Mar 31, 2025Dec 31, 2024Sep 30, 2024Jun 30, 2024Mar 31, 2025Jun 30, 2024Jun 30, 2025Jun 30, 2024
Average Balances
Assets
Interest-earning deposits with banks$137,136 150,855 171,100 182,219 196,436 (9)%(30)$143,958 202,002 (29)%
Federal funds sold and securities purchased under resale agreements105,987 101,175 93,294 81,549 71,769 5 48 103,594 70,744 46 
Trading debt securities134,785 134,951 127,639 125,083 120,590 — 12 134,868 116,380 16 
Available-for-sale debt securities187,390 175,550 168,511 160,729 150,024 7 25 181,503 145,005 25 
Held-to-maturity debt securities227,525 233,952 242,961 250,010 258,631 (3)(12)230,720 261,693 (12)
Loans held for sale8,266 7,589 7,210 7,032 7,091 9 17 7,930 6,463 23 
Loans916,719 908,182 906,353 910,255 916,977 1 — 912,474 922,526 (1)
Equity securities30,304 29,267 29,211 27,480 26,332 4 15 29,788 23,841 25 
Other interest-earning assets14,048 10,796 10,079 9,711 8,128 30 73 12,431 8,534 46 
Total interest-earning assets1,762,160 1,752,317 1,756,358 1,754,068 1,755,978 1 — 1,757,266 1,757,188 — 
Total noninterest-earning assets
171,211 167,344 162,178 162,544 158,669 2 8 169,288 158,622 7 
Total assets$1,933,371 1,919,661 1,918,536 1,916,612 1,914,647 1 1 $1,926,554 1,915,810 1 
Liabilities
Interest-bearing deposits$970,684 972,927 984,438 986,206 1,006,806 — (4)$971,799 1,001,840 (3)
Short-term borrowings147,917 127,892 109,178 109,902 106,685 16 39 137,960 100,836 37 
Long-term debt175,289 173,052 175,414 183,586 182,201 1 (4)174,177 189,659 (8)
Other interest-bearing liabilities40,769 39,249 36,245 34,735 34,613 4 18 40,013 33,717 19 
Total interest-bearing liabilities1,334,659 1,313,120 1,305,275 1,314,429 1,330,305 2 — 1,323,949 1,326,052 — 
Noninterest-bearing deposits
360,967 366,401 369,398 355,474 339,672 (1)6 363,670 342,212 6 
Other noninterest-bearing liabilities54,477 56,782 60,930 62,341 63,118 (4)(14)55,623 63,435 (12)
Total liabilities1,750,103 1,736,303 1,735,603 1,732,244 1,733,095 1 1 1,743,242 1,731,699 1 
Total equity183,268 183,358 182,933 184,368 181,552 — 1 183,312 184,111 — 
 Total liabilities and equity$1,933,371 1,919,661 1,918,536 1,916,612 1,914,647 1 1 $1,926,554 1,915,810 1 
Average Interest Rates
Interest-earning assets
Interest-earning deposits with banks3.96 %3.96 4.36 4.95 5.05 3.96 %5.02 
Federal funds sold and securities purchased under resale agreements4.19 4.26 4.66 5.24 5.27 4.22 5.28 
Trading debt securities4.23 4.13 4.16 4.25 4.14 4.18 4.11 
Available-for-sale debt securities4.62 4.48 4.45 4.33 4.21 4.55 4.11 
Held-to-maturity debt securities2.35 2.41 2.51 2.57 2.64 2.38 2.67 
Loans held for sale6.65 6.20 6.38 7.33 7.53 6.44 7.66 
Loans5.95 5.96 6.16 6.41 6.40 5.95 6.39 
Equity securities1.99 2.01 2.40 2.26 2.99 2.00 2.91 
Other interest-earning assets3.55 4.15 4.73 5.12 5.42 3.81 5.27 
Total interest-earning assets4.87 4.85 5.02 5.24 5.25 4.86 5.25 
Interest-bearing liabilities
Interest-bearing deposits2.09 2.17 2.37 2.60 2.46 2.13 2.40 
Short-term borrowings4.37 4.32 4.67 5.20 5.19 4.35 5.17 
Long-term debt5.95 5.97 6.35 6.89 6.95 5.96 6.87 
Other interest-bearing liabilities3.26 3.33 3.01 3.05 3.13 3.29 3.01 
Total interest-bearing liabilities2.89 2.92 3.12 3.43 3.31 2.90 3.27 
Interest rate spread on a taxable-equivalent basis (2)
1.98 1.93 1.90 1.81 1.94 1.96 1.98 
Net interest margin on a taxable-equivalent basis (2)
2.68 2.67 2.70 2.67 2.75 2.67 2.78 
(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)Includes taxable-equivalent adjustments of $77 million, $77 million, $78 million, $84 million, and $89 million for the quarters ended June 30, and March 31, 2025, and December 31, September 30, and June 30, 2024, respectively, and $154 million and $178 million for the first half of 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)

Quarter ended June 30, 2025
(in millions)Consumer Banking and LendingCommercial BankingCorporate and Investment BankingWealth and Investment ManagementCorporate (2)Reconciling Items (3)Consolidated
Company
Net interest income$7,199 1,983 1,815 891 (103)(77)11,708 
Noninterest income2,029 950 2,858 3,007 662 (392)9,114 
Total revenue9,228 2,933 4,673 3,898 559 (469)20,822 
Provision for credit losses945 (43)103 12 (12)— 1,005 
Noninterest expense5,799 1,519 2,251 3,245 565 — 13,379 
Income (loss) before income tax expense (benefit)2,484 1,457 2,319 641 6 (469)6,438 
Income tax expense (benefit)621 369 582 161 (348)(469)916 
Net income before noncontrolling interests
1,863 1,088 1,737 480 354 — 5,522 
Less: Net income from noncontrolling interests
— 2 — — 26 — 28 
Net income
$1,863 1,086 1,737 480 328 — 5,494 
Quarter ended March 31, 2025
Net interest income$6,943 1,977 1,790 826 36 (77)11,495 
Noninterest income1,970 948 3,274 3,048 (213)(373)8,654 
Total revenue8,913 2,925 5,064 3,874 (177)(450)20,149 
Provision for credit losses739 187 — 11 (5)— 932 
Noninterest expense5,928 1,670 2,476 3,360 457 — 13,891 
Income (loss) before income tax expense (benefit)2,246 1,068 2,588 503 (629)(450)5,326 
Income tax expense (benefit)557 272 647 111 (615)(450)522 
Net income (loss) before noncontrolling interests
1,689 796 1,941 392 (14)— 4,804 
Less: Net income (loss) from noncontrolling interests
— 2 — — (92)— (90)
Net income
$1,689 794 1,941 392 78 — 4,894 
Quarter ended June 30, 2024
Net interest income$7,024 2,281 1,945 906 (144)(89)11,923 
Noninterest income1,982 841 2,893 2,952 392 (294)8,766 
Total revenue9,006 3,122 4,838 3,858 248 (383)20,689 
Provision for credit losses932 29 285 (14)4 — 1,236 
Noninterest expense5,701 1,506 2,170 3,193 723 — 13,293 
Income (loss) before income tax expense (benefit)2,373 1,587 2,383 679 (479)(383)6,160 
Income tax expense (benefit)596 402 598 195 (157)(383)1,251 
Net income (loss) before noncontrolling interests1,777 1,185 1,785 484 (322)— 4,909 
Less: Net income (loss) from noncontrolling interests
— 3 — — (4)— (1)
Net income (loss)$1,777 1,182 1,785 484 (318)— 4,910 
(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)
Six months ended June 30, 2025
(in millions)Consumer Banking and LendingCommercial BankingCorporate and Investment BankingWealth and Investment ManagementCorporate (2)Reconciling Items (3)Consolidated
Company
Net interest income$14,142 3,960 3,605 1,717 (67)(154)23,203 
Noninterest income3,999 1,898 6,132 6,055 449 (765)17,768 
Total revenue18,141 5,858 9,737 7,772 382 (919)40,971 
Provision for credit losses1,684 144 103 23 (17)— 1,937 
Noninterest expense11,727 3,189 4,727 6,605 1,022 — 27,270 
Income (loss) before income tax expense (benefit)
4,730 2,525 4,907 1,144 (623)(919)11,764 
Income tax expense (benefit)1,178 641 1,229 272 (963)(919)1,438 
Net income before noncontrolling interests
3,552 1,884 3,678 872 340 — 10,326 
Less: Net income (loss) from noncontrolling interests
— 4 — — (66)— (62)
Net income
$3,552 1,880 3,678 872 406 — 10,388 
Six months ended June 30, 2024
Net interest income$14,134 4,559 3,972 1,775 (112)(178)24,150 
Noninterest income3,963 1,715 5,848 5,825 683 (632)17,402 
Total revenue18,097 6,274 9,820 7,600 571 (810)41,552 
Provision for credit losses1,720 172 290 (11)3 — 2,174 
Noninterest expense11,725 3,185 4,500 6,423 1,798 — 27,631 
Income (loss) before income tax expense (benefit)
4,652 2,917 5,030 1,188 (1,230)(810)11,747 
Income tax expense (benefit)1,169 743 1,264 323 (474)(810)2,215 
Net income (loss) before noncontrolling interests3,483 2,174 3,766 865 (756)— 9,532 
Less: Net income (loss) from noncontrolling interests— 6 — — (3)— 3 
Net income (loss)$3,483 2,168 3,766 865 (753)— 9,529 
(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.
-9-


Wells Fargo & Company and Subsidiaries
CONSUMER BANKING AND LENDING SEGMENT
Quarter endedJun 30, 2025
% Change from		Six months ended
($ in millions)Jun 30,
2025		Mar 31,
2025		Dec 31,
2024		Sep 30,
2024		Jun 30,
2024		Mar 31,
2025		Jun 30,
2024		Jun 30,
2025		Jun 30,
2024		%
Change
Income Statement
Net interest income $7,199 6,943 7,020 7,149 7,024 4 %2 $14,142 14,134 — %
Noninterest income:
Deposit-related fees 653 651 657 710 690 — (5)1,304 1,367 (5)
Card fees (1)
1,109 978 1,019 1,031 1,036 13 7 2,087 2,026 3 
Mortgage banking 169 222 185 137 135 (24)25 391 328 19 
Other98 119 99 97 121 (18)(19)217 242 (10)
Total noninterest income 2,029 1,970 1,960 1,975 1,982 3 2 3,999 3,963 1 
Total revenue 9,228 8,913 8,980 9,124 9,006 4 2 18,141 18,097 — 
Net charge-offs818 877 887 871 907 (7)(10)1,695 1,788 (5)
Change in the allowance for credit losses127 (138)24 59 25 192408 (11)(68)84
Provision for credit losses945 739 911 930 932 28 1 1,684 1,720 (2)
Noninterest expense5,799 5,928 5,925 5,624 5,701 (2)2 11,727 11,725 — 
Income before income tax expense2,484 2,246 2,144 2,570 2,373 11 5 4,730 4,652 2 
Income tax expense621 557 542 646 596 11 4 1,178 1,169 1 
Net income$1,863 1,689 1,602 1,924 1,777 10 5 $3,552 3,483 2 
Revenue by Line of Business
Consumer, Small and Business Banking$6,288 5,981 6,067 6,222 6,129 5 3 $12,269 12,221 — 
Consumer Lending:
Home Lending821 866 854 842 823 (5)— 1,687 1,687 — 
Credit Card (1)
1,588 1,524 1,489 1,471 1,452 4 9 3,112 2,948 6 
Auto241 237 263 273 282 2 (15)478 582 (18)
Personal Lending290 305 307 316 320 (5)(9)595 659 (10)
Total revenue$9,228 8,913 8,980 9,124 9,006 4 2 $18,141 18,097 — 
Selected Balance Sheet Data (average)
Loans by Line of Business:
Consumer, Small and Business Banking$5,913 6,034 6,105 6,230 6,370 (2)(7)$5,973 6,418 (7)
Consumer Lending:
Home Lending203,556 205,507 207,780 209,825 211,994 (1)(4)204,526 213,164 (4)
Credit Card49,947 50,109 50,243 49,141 47,463 — 5 50,028 46,937 7 
Auto42,366 42,498 43,005 43,949 45,650 — (7)42,432 46,636 (9)
Personal Lending13,651 13,902 14,291 14,470 14,462 (2)(6)13,776 14,679 (6)
Total loans$315,433 318,050 321,424 323,615 325,939 (1)(3)$316,735 327,834 (3)
Total deposits781,384 778,601 773,631 773,554 778,228 — — 780,000 775,738 1 
Allocated capital45,500 45,500 45,500 45,500 45,500 — — 45,500 45,500 — 
Selected Balance Sheet Data (period-end)
Loans by Line of Business:
Consumer, Small and Business Banking$6,033 6,144 6,256 6,372 6,513 (2)(7)
Consumer Lending:
Home Lending203,062 204,656 207,022 209,083 211,172 (1)(4)
Credit Card50,084 49,518 50,992 49,521 48,400 1 3 
Auto43,373 41,999 42,914 43,356 44,780 3 (3)
Personal Lending13,790 13,656 14,246 14,413 14,495 1 (5)
Total loans$316,342 315,973 321,430 322,745 325,360 — (3)
Total deposits780,978 798,841 783,490 775,745 781,817 (2)— 
(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.
-10-


Wells Fargo & Company and Subsidiaries
CONSUMER BANKING AND LENDING SEGMENT (continued)
Quarter endedJun 30, 2025
% Change from		Six months ended
($ in millions, unless otherwise noted)Jun 30,
2025		Mar 31,
2025		Dec 31,
2024		Sep 30,
2024		Jun 30,
2024		Mar 31,
2025		Jun 30,
2024		Jun 30,
2025		Jun 30,
2024		%
Change
Selected Metrics
Consumer Banking and Lending:
Return on allocated capital (1) 15.9 %14.5 13.4 16.3 15.1 15.2 %14.8 
Efficiency ratio (2)63 67 66 62 63 65 65 
Retail bank branches (#, period-end)4,135 4,155 4,177 4,196 4,227 — %(2)
Digital active customers (# in millions, period-end) (3)36.6 36.7 36.0 35.8 35.6 — 3 
Mobile active customers (# in millions, period-end) (3)32.1 31.8 31.4 31.2 30.8 1 4 
Consumer, Small and Business Banking:
Deposit spread (4) 2.57 %2.47 2.46 2.52 2.50 2.52 %2.52 
Debit card purchase volume ($ in billions) (5) $133.6 126.0131.0126.8128.26 4 $259.6 249.74 %
Debit card purchase transactions (# in millions) (5)2,655 2,486 2,622 2,585 2,581 7 3 5,141 5,023 2 
Home Lending:
Mortgage banking:
Net servicing income
$136 181 128 114 89 (25)53 $317 180 76 
Net gains on mortgage loan originations/sales 33 41 57 23 46 (20)(28)74 148 (50)
Total mortgage banking $169 222 185 137 135 (24)25 $391 328 19 
Mortgage loan originations ($ in billions)$7.4 4.4 5.9 5.5 5.3 68 40 $11.8 8.8 34 
% of originations held for sale (HFS) 34.0 %38.2 40.3 41.0 38.6 35.6 %40.6 
Third party mortgage loans serviced ($ in billions, period-end) (6) $455.5 471.1 486.9 499.1 512.8 (3)(11)
Mortgage servicing rights (MSR) carrying value (period-end)6,417 6,5366,8446,5447,061(2)(9)
Home lending loans 30+ days delinquency rate (period-end) (7)(8)(9) 0.30 %0.29 0.29 0.30 0.33 
Credit Card:
Credit card purchase volume ($ in billions) (5) $46.4 42.545.143.442.99 8 $88.9 82.0 8 
Credit card new accounts (# in thousands) 64355448661567716 (5)1,197 1,328 (10)
Credit card loans 30+ days delinquency rate (period-end) (8)(9)2.64 %2.82 2.91 2.87 2.71 
Credit card loans 90+ days delinquency rate (period-end) (8)(9)1.32 1.46 1.51 1.43 1.40 
Auto:
Auto loan originations ($ in billions) $6.9 4.65.04.13.750 86 $11.5 7.8 47 
Auto loans 30+ days delinquency rate (period-end) (8)(9) 1.72 %1.87 2.31 2.28 2.31 
(1)Return on allocated capital is segment net income (loss) applicable to common stock divided by segment average allocated capital. Segment net income (loss) applicable to common stock is segment net income (loss) less allocated preferred stock dividends.
(2)Efficiency ratio is segment noninterest expense divided by segment total revenue (net interest income and noninterest income).
(3)Digital and mobile active customers is the number of consumer and small business customers who have logged on via a digital or mobile device, respectively, in the prior 90 days. Digital active customers includes both online and mobile customers.
(4)Deposit spread is (i) the internal funds transfer pricing credit on segment deposits minus interest paid to customers for segment deposits, divided by (ii) average segment deposits.
(5)Reflects combined activity for consumer and small business customers.
(6)Excludes residential mortgage loans subserviced for others.
(7)Excludes residential mortgage loans that are insured or guaranteed by U.S. government agencies.
(8)Excludes loans held for sale.
(9)Delinquency balances exclude nonaccrual loans.
-11-


Wells Fargo & Company and Subsidiaries
COMMERCIAL BANKING SEGMENT
Quarter endedJun 30, 2025
% Change from		Six months ended
($ in millions)Jun 30,
2025		Mar 31,
2025		Dec 31,
2024		Sep 30,
2024		Jun 30,
2024		Mar 31,
2025		Jun 30,
2024		Jun 30,
2025		Jun 30,
2024		%
Change
Income Statement
Net interest income$1,983 1,977 2,248 2,289 2,281 — %(13)$3,960 4,559 (13)%
Noninterest income:
Deposit-related fees324 335 303 303 290 (3)12 659 574 15 
Lending-related fees138 136 140 138 139 1 (1)274 277 (1)
Lease income116 123 124 126 133 (6)(13)239 282 (15)
Other372 354 356 477 279 5 33 726 582 25 
Total noninterest income950 948 923 1,044 841 — 13 1,898 1,715 11 
Total revenue2,933 2,925 3,171 3,333 3,122 — (6)5,858 6,274 (7)
Net charge-offs98 41 111 50 97 139 1 139 172 (19)
Change in the allowance for credit losses(141)146 (78)35 (68)NMNM5 — NM
Provision for credit losses(43)187 33 85 29 NMNM144 172 (16)
Noninterest expense1,519 1,670 1,525 1,480 1,506 (9)1 3,189 3,185 — 
Income before income tax expense 1,457 1,068 1,613 1,768 1,587 36 (8)2,525 2,917 (13)
Income tax expense 369 272 408 448 402 36 (8)641 743 (14)
Less: Net income from noncontrolling interests2 2 2 2 3 — (33)4 6 (33)
Net income$1,086 794 1,203 1,318 1,182 37 (8)$1,880 2,168 (13)
Revenue by Product
Lending and leasing$1,262 1,267 1,291 1,293 1,308 — (4)$2,529 2,617 (3)
Treasury management and payments1,250 1,260 1,423 1,434 1,412 (1)(11)2,510 2,833 (11)
Other421 398 457 606 402 6 5 819 824 (1)
Total revenue$2,933 2,925 3,171 3,333 3,122 — (6)$5,858 6,274 (7)
Selected Metrics
Return on allocated capital15.8 %11.4 17.4 19.2 17.3 13.6 %15.8 
Efficiency ratio52 57 48 44 48 54 51 
NM – Not meaningful
-12-


Wells Fargo & Company and Subsidiaries
COMMERCIAL BANKING SEGMENT (continued)
Quarter endedJun 30, 2025
% Change from		Six months ended
($ in millions)Jun 30,
2025		Mar 31,
2025		Dec 31,
2024		Sep 30,
2024		Jun 30,
2024		Mar 31,
2025		Jun 30,
2024		Jun 30,
2025		Jun 30,
2024		%
Change
Selected Balance Sheet Data (average)
Loans:
Commercial and industrial$167,134 164,113 162,060 161,967 164,027 2 %2 $165,632 163,650 1 %
Commercial real estate44,373 44,598 44,555 44,756 44,990 (1)(1)44,485 45,143 (1)
Lease financing and other14,954 15,093 15,180 15,393 15,406 (1)(3)15,023 15,379 (2)
Total loans$226,461 223,804 221,795 222,116 224,423 1 1 $225,140 224,172 — 
Total deposits177,994 182,859 184,293 173,158 166,892 (3)7 180,413 165,460 9 
Allocated capital26,000 26,000 26,000 26,000 26,000 — — 26,000 26,000— 
Selected Balance Sheet Data (period-end)
Loans:
Commercial and industrial$169,958 168,369 163,464 163,878 165,878 1 2 
Commercial real estate44,484 44,788 44,506 44,715 44,978 (1)(1)
Lease financing and other15,102 15,109 15,348 15,406 15,617 — (3)
Total loans$229,544 228,266 223,318 223,999 226,473 1 1 
Total deposits179,848 181,469 188,650 178,406 168,979 (1)6 

-13-


Wells Fargo & Company and Subsidiaries
CORPORATE AND INVESTMENT BANKING SEGMENT
Quarter endedJun 30, 2025
% Change from		Six months ended
($ in millions)Jun 30,
2025		Mar 31,
2025		Dec 31,
2024		Sep 30,
2024		Jun 30,
2024		Mar 31,
2025		Jun 30,
2024		Jun 30,
2025		Jun 30,
2024		%
Change
Income Statement
Net interest income$1,815 1,790 2,054 1,909 1,945 1 %(7)$3,605 3,972 (9)%
Noninterest income:
Deposit-related fees266 275 269 279 263 (3)1 541 525 3 
Lending-related fees209 201 221 213 205 4 2 410 408 — 
Investment banking fees700 765 726 668 634 (8)10 1,465 1,281 14 
Net gains from trading activities1,229 1,347 933 1,366 1,387 (9)(11)2,576 2,792 (8)
Other454 686 410 476 404 (34)12 1,140 842 35 
Total noninterest income2,858 3,274 2,559 3,002 2,893 (13)(1)6,132 5,848 5 
Total revenue4,673 5,064 4,613 4,911 4,838 (8)(3)9,737 9,820 (1)
Net charge-offs75 97 214 196 303 (23)(75)172 499 (66)
Change in the allowance for credit losses28 (97)(9)(170)(18)129 256 (69)(209)67
Provision for credit losses103 — 205 26 285 NM(64)103 290 (64)
Noninterest expense2,251 2,476 2,300 2,229 2,170 (9)4 4,727 4,500 5 
Income before income tax expense2,319 2,588 2,108 2,656 2,383 (10)(3)4,907 5,030 (2)
Income tax expense582 647 528 664 598 (10)(3)1,229 1,264 (3)
Net income$1,737 1,941 1,580 1,992 1,785 (11)(3)$3,678 3,766 (2)
Revenue by Line of Business
Banking:
Lending$601 618 691 698 688 (3)(13)$1,219 1,369 (11)
Treasury Management and Payments611 618 644 695 687 (1)(11)1,229 1,373 (10)
Investment Banking463 534 491 419 430 (13)8 997 904 10 
Total Banking1,675 1,770 1,826 1,812 1,805 (5)(7)3,445 3,646 (6)
Commercial Real Estate1,212 1,449 1,274 1,364 1,283 (16)(6)2,661 2,506 6 
Markets:
Fixed Income, Currencies, and Commodities (FICC)1,391 1,382 1,179 1,327 1,228 1 13 2,773 2,587 7 
Equities387 448 385 396 558 (14)(31)835 1,008 (17)
Credit Adjustment (CVA/DVA/FVA) and Other (1)
1 (3)(71)31 7 133 (86)(2)26 NM
Total Markets1,779 1,827 1,493 1,754 1,793 (3)(1)3,606 3,621 — 
Other7 18 20 (19)(43)(61)116 25 47 (47)
Total revenue$4,673 5,064 4,613 4,911 4,838 (8)(3)$9,737 9,820 (1)
Selected Metrics
Return on allocated capital14.9 %17.0 13.4 17.1 15.4 15.9 %16.3 
Efficiency ratio48 49 50 45 45 49 46 
NM – Not meaningful
(1)In fourth quarter 2024, we implemented a change to incorporate funding valuation adjustments (FVA) for our derivatives, which resulted in a loss of $85 million.
-14-


Wells Fargo & Company and Subsidiaries
CORPORATE AND INVESTMENT BANKING SEGMENT (continued)
Quarter endedJun 30, 2025
% Change from		Six months ended
($ in millions)Jun 30,
2025		Mar 31,
2025		Dec 31,
2024		Sep 30,
2024		Jun 30,
2024		Mar 31,
2025		Jun 30,
2024		Jun 30,
2025		Jun 30,
2024		%
Change
Selected Balance Sheet Data (average)
Loans:
Commercial and industrial$202,473 192,654 185,677 183,255 180,789 5 %12 $197,590 183,110 8 %
Commercial real estate83,413 84,633 88,285 91,963 94,998 (1)(12)84,020 96,405 (13)
Total loans$285,886 277,287 273,962 275,218 275,787 3 4 $281,610 279,515 1 
Loans by Line of Business:
Banking$88,994 86,528 85,722 86,548 86,130 3 3 $87,768 88,513 (1)
Commercial Real Estate117,917 117,318 119,414 124,056 128,107 1 (8)117,619 129,908 (9)
Markets78,975 73,441 68,826 64,614 61,550 8 28 76,223 61,094 25 
Total loans$285,886 277,287 273,962 275,218 275,787 3 4 $281,610 279,515 1 
Trading-related assets:
Trading account securities$149,301 151,483 144,903 140,501 136,101 (1)10 $150,386 128,724 17 
Reverse repurchase agreements/securities borrowed101,894 97,171 87,517 74,041 64,896 5 57 99,546 63,876 56 
Derivative assets23,404 19,688 20,254 19,668 18,552 19 26 21,556 17,793 21 
Total trading-related assets$274,599 268,342 252,674 234,210 219,549 2 25 $271,488 210,393 29 
Total assets641,499 611,037 588,154 574,697 558,063 5 15 626,352 554,498 13 
Total deposits202,420 203,914 205,077 194,315 187,545 (1)8 203,163 185,408 10 
Allocated capital44,000 44,000 44,000 44,000 44,000 — — 44,000 44,000 — 
Selected Balance Sheet Data (period-end)
Loans:
Commercial and industrial$208,161 197,142 192,573 183,341 181,441 6 15 
Commercial real estate82,417 83,522 86,107 90,382 93,889 (1)(12)
Total loans$290,578 280,664 278,680 273,723 275,330 4 6 
Loans by Line of Business:
Banking$90,999 88,239 86,328 88,221 84,054 3 8 
Commercial Real Estate117,233 116,051 117,213 121,238 126,080 1 (7)
Markets82,346 76,374 75,139 64,264 65,196 8 26 
Total loans$290,578 280,664 278,680 273,723 275,330 4 6 
Trading-related assets:
Trading account securities$158,008 150,401 142,727 144,148 140,928 5 12 
Reverse repurchase agreements/securities borrowed100,268 122,875 96,470 83,562 70,615 (18)42 
Derivative assets24,700 18,883 21,332 17,906 19,186 31 29 
Total trading-related assets$282,976 292,159 260,529 245,616 230,729 (3)23 
Total assets658,029 632,478 597,278 583,144 565,334 4 16 
Total deposits208,048 209,200 212,948 199,700 200,920 (1)4 

-15-


Wells Fargo & Company and Subsidiaries
WEALTH AND INVESTMENT MANAGEMENT SEGMENT
Quarter endedJun 30, 2025
% Change from		Six months ended
($ in millions, unless otherwise noted)Jun 30,
2025		Mar 31,
2025		Dec 31,
2024		Sep 30,
2024		Jun 30,
2024		Mar 31,
2025		Jun 30,
2024		Jun 30,
2025		Jun 30,
2024		%
Change
Income Statement
Net interest income$891 826 856 842 906 8 %(2)$1,717 1,775 (3)%
Noninterest income:
Investment advisory and other asset-based fees 2,440 2,474 2,504 2,406 2,357 (1)4 4,914 4,624 6 
Commissions and brokerage services fees 511 534 539 548 521 (4)(2)1,045 1,066 (2)
Other56 40 59 82 74 40 (24)96 135 (29)
Total noninterest income3,007 3,048 3,102 3,036 2,952 (1)2 6,055 5,825 4 
Total revenue3,898 3,874 3,958 3,878 3,858 1 1 7,772 7,600 2 
Net charge-offs6 (6)(1)(5)(2)200400 — 4 (100)
Change in the allowance for credit losses6 17 (26)21 (12)(65)150 23 (15)253
Provision for credit losses12 11 (27)16 (14)9186 23 (11)309
Noninterest expense3,245 3,360 3,307 3,154 3,193 (3)2 6,605 6,423 3 
Income before income tax expense641 503 678 708 679 27 (6)1,144 1,188 (4)
Income tax expense161 111 170 179 195 45 (17)272 323 (16)
Net income$480 392 508 529 484 22 (1)$872 865 1 
Selected Metrics
Return on allocated capital28.7 %23.6 30.2 31.5 29.0 26.1 %25.8 
Efficiency ratio83 87 84 81 83 85 85 
Client assets ($ in billions, period-end):
Advisory assets
$1,042 9809989939456 10 
Other brokerage assets and deposits
1,304 1,2531,2951,3011,2554 4 
Total client assets
$2,346 2,2332,2932,2942,2005 7 
Selected Balance Sheet Data (average)
Total loans$84,871 84,344 83,570 82,797 83,166 1 2 $84,609 82,824 2 
Total deposits123,611 123,378 118,327 107,991 102,843 — 20 123,495 102,158 21 
Allocated capital6,500 6,500 6,500 6,500 6,500 — — 6,500 6,500 — 
Selected Balance Sheet Data (period-end)
Total loans$84,990 84,444 84,340 83,023 83,338 1 2 
Total deposits122,912 124,582 127,008 112,472 103,722 (1)19 


-16-


Wells Fargo & Company and Subsidiaries
CORPORATE (1)
Quarter endedJun 30, 2025
% Change from		Six months ended
($ in millions)Jun 30,
2025		Mar 31,
2025		Dec 31,
2024		Sep 30,
2024		Jun 30,
2024		Mar 31,
2025		Jun 30,
2024		Jun 30,
2025		Jun 30,
2024		%
Change
Income Statement
Net interest income$(103)36 (264)(415)(144)NM28 $(67)(112)40 %
Noninterest income662 (213)368 78 392 411 %69 449 683 (34)
Total revenue 559 (177)104 (337)248 416 125 382 571 (33)
Net charge-offs— — (23)(1)(2)NM100 — (3)100
Change in the allowance for credit losses(12)(5)(4)9 6 NMNM(17)6 NM
Provision for credit losses(12)(5)(27)8 4 NMNM(17)3 NM
Noninterest expense565 457 843 580 723 24 (22)1,022 1,798 (43)
Income (loss) before income tax benefit
6 (629)(712)(925)(479)101 101 (623)(1,230)49 
Income tax benefit(348)(615)(1,080)(330)(157)43 NM(963)(474)NM
Less: Net income (loss) from noncontrolling interests
26 (92)182 54 (4)128 750 (66)(3)NM
Net income (loss)$328 78 186 (649)(318)321 203 $406 (753)154 
Selected Balance Sheet Data (average)
Available-for-sale debt securities$172,879 161,430 153,969 147,093 131,822 7 31 $167,186 127,308 31 
Held-to-maturity debt securities220,364 226,714 235,661 242,621 251,100 (3)(12)223,521 254,094 (12)
Equity securities15,493 15,398 15,027 15,216 15,571 1 (1)15,446 15,765 (2)
Total assets601,010 618,339 639,324 648,930 656,535 (3)(8)609,627 660,009 (8)
Total deposits46,242 50,576 72,508 92,662 110,970 (9)(58)48,398 115,288 (58)
Selected Balance Sheet Data (period-end)
Available-for-sale debt securities$176,235 167,634 154,397 157,042 138,087 5 28 
Held-to-maturity debt securities218,360 224,111 231,892 240,174 247,746 (3)(12)
Equity securities15,907 15,138 15,437 14,861 15,297 5 4 
Total assets624,556 621,445 633,799 642,618 670,494 1 (7)
Total deposits48,917 47,636 59,708 83,323 110,456 3 (56)
NM – Not meaningful
(1)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.

-17-


Wells Fargo & Company and Subsidiaries
CONSOLIDATED LOANS OUTSTANDING – PERIOD-END BALANCES, AVERAGE BALANCES, AND AVERAGE INTEREST RATES
Quarter endedJun 30, 2025
$ Change from
($ in millions)
Jun 30,
2025		Mar 31,
2025		Dec 31,
2024		Sep 30,
2024		Jun 30,
2024		Mar 31,
2025		Jun 30,
2024
Period-End Loans
Commercial and industrial
$402,150 390,533 381,241 372,750 374,588 11,617 27,562 
Commercial real estate132,560 134,035 136,505 141,410 145,318 (1,475)(12,758)
Lease financing15,060 16,131 16,413 16,482 16,705 (1,071)(1,645)
Total commercial549,770 540,699 534,159 530,642 536,611 9,071 13,159 
Residential mortgage245,755 247,613 250,269 252,676 255,085 (1,858)(9,330)
Credit card55,318 54,608 56,542 55,046 53,756 710 1,562 
Auto42,878 41,482 42,367 42,815 44,280 1,396 (1,402)
Other consumer30,697 29,440 29,408 28,532 28,175 1,257 2,522 
Total consumer374,648 373,143 378,586 379,069 381,296 1,505 (6,648)
Total loans$924,418 913,842 912,745 909,711 917,907 10,576 6,511 
Average Loans
Commercial and industrial$393,602 381,702 372,848 370,911 371,514 11,900 22,088 
Commercial real estate133,661 135,271 139,111 143,187 146,750 (1,610)(13,089)
Lease financing16,046 16,182 16,301 16,529 16,519 (136)(473)
Total commercial543,309 533,155 528,260 530,627 534,783 10,154 8,526 
Residential mortgage246,512 248,739 251,256 253,667 256,189 (2,227)(9,677)
Credit card54,985 55,363 55,699 54,580 52,642 (378)2,343 
Auto41,865 41,967 42,466 43,430 45,164 (102)(3,299)
Other consumer30,048 28,958 28,672 27,951 28,199 1,090 1,849 
Total consumer373,410 375,027 378,093 379,628 382,194 (1,617)(8,784)
Total loans$916,719 908,182 906,353 910,255 916,977 8,537 (258)
Average Interest Rates
Commercial and industrial6.29 %6.34 6.73 7.16 7.22 
Commercial real estate6.17 6.19 6.52 6.90 6.93 
Lease financing5.72 5.78 5.77 5.68 5.47 
Total commercial6.24 6.28 6.65 7.05 7.08 
Residential mortgage3.70 3.68 3.68 3.67 3.65 
Credit card12.65 12.74 12.53 12.73 12.75 
Auto5.48 5.33 5.29 5.22 5.09 
Other consumer7.47 7.61 7.97 8.56 8.56 
Total consumer5.52 5.51 5.48 5.51 5.43 
Total loans5.95 5.96 6.16 6.41 6.40 

-18-


Wells Fargo & Company and Subsidiaries
NET LOAN CHARGE-OFFS
Quarter ended
Jun 30, 2025Mar 31, 2025Dec 31, 2024Sep 30, 2024Jun 30, 2024Jun 30, 2025
$ Change from
($ in millions)Net loan 
charge-offs		As a % of average loans (1)Net loan 
charge-offs		As a % of average loans (1)Net loan 
charge-offs		As a % of average loans (1)Net loan 
charge-offs		As a % of average loans (1)Net loan 
charge-offs		As a % of average loans (1)Mar 31,
2025		Jun 30,
2024
By product:
Commercial and industrial$179 0.18 %$108 0.11 %$132 0.14 %$129 0.14 %$188 0.20 %$71 (9)
Commercial real estate61 0.18 95 0.28 261 0.74 184 0.51 271 0.74 (34)(210)
Lease financing7 0.17 8 0.20 10 0.23 10 0.25 9 0.21 (1)(2)
Total commercial247 0.18 211 0.16 403 0.30 323 0.24 468 0.35 36 (221)
Residential mortgage(3)— (15)(0.02)(14)(0.02)(23)(0.04)(19)(0.03)12 16 
Credit card622 4.54 650 4.76 628 4.49 601 4.38 649 4.96 (28)(27)
Auto30 0.29 64 0.62 82 0.77 83 0.76 79 0.70 (34)(49)
Other consumer101 1.35 99 1.39 112 1.56 127 1.82 124 1.77 2 (23)
Total consumer750 0.81 798 0.86 808 0.85 788 0.83 833 0.88 (48)(83)
Total net loan charge-offs$997 0.44 %$1,009 0.45 %$1,211 0.53 %$1,111 0.49 %$1,301 0.57 %$(12)(304)
By segment:
Consumer Banking and Lending$818 1.04 %$877 1.12 %$887 1.10 %$871 1.07 %$907 1.12 %$(59)(89)
Commercial Banking98 0.17 41 0.07 111 0.20 50 0.09 94 0.17 57 4 
Corporate and Investing Banking75 0.11 97 0.14 214 0.31 196 0.28 303 0.44 (22)(228)
Wealth and Investment Management6 0.03 (6)(0.03)(1)— (5)(0.02)(2)(0.01)12 8 
Corporate— — — — — — (1)(0.06)(1)(0.05)— 1 
Total net loan charge-offs$997 0.44 %$1,009 0.45 %$1,211 0.53 %$1,111 0.49 %$1,301 0.57 %$(12)(304)
(1)Quarterly net loan charge-offs (recoveries) as a percentage of average loans are annualized.
-19-


Wells Fargo & Company and Subsidiaries
CHANGES IN ALLOWANCE FOR CREDIT LOSSES FOR LOANS
Quarter endedJun 30, 2025
$ Change from
($ in millions)Jun 30,
2025		Mar 31,
2025		Dec 31,
2024		Sep 30,
2024		Jun 30,
2024		Mar 31,
2025		Jun 30,
2024
Balance, beginning of period$14,552 14,636 14,739 14,789 14,862 (84)(310)
Provision for credit losses for loans1,007 925 1,116 1,059 1,229 82 (222)
Net loan charge-offs:
Commercial and industrial(179)(108)(132)(129)(188)(71)9 
Commercial real estate(61)(95)(261)(184)(271)34 210 
Lease financing(7)(8)(10)(10)(9)1 2 
Total commercial(247)(211)(403)(323)(468)(36)221 
Residential mortgage3 15 14 23 19 (12)(16)
Credit card(622)(650)(628)(601)(649)28 27 
Auto(30)(64)(82)(83)(79)34 49 
Other consumer(101)(99)(112)(127)(124)(2)23 
Total consumer(750)(798)(808)(788)(833)48 83 
Net loan charge-offs(997)(1,009)(1,211)(1,111)(1,301)12 304 
Other6 — (8)2 (1)6 7 
Balance, end of period$14,568 14,552 14,636 14,739 14,789 16 (221)
Components:
Allowance for loan losses$13,961 14,029 14,183 14,330 14,360 (68)(399)
Allowance for unfunded credit commitments607 523 453 409 429 84 178 
Allowance for credit losses for loans$14,568 14,552 14,636 14,739 14,789 16 (221)
Ratio of allowance for loan losses to total net loan charge-offs (annualized) 3.49x3.432.953.242.74
Allowance for loan losses as a percentage of:
Total loans1.51 %1.54 1.55 1.58 1.56 
Nonaccrual loans180 176 183 175 170 
Allowance for credit losses for loans as a percentage of:
Total loans1.58 1.59 1.60 1.62 1.61 
Nonaccrual loans188 182 189 180 175 
-20-


Wells Fargo & Company and Subsidiaries
ALLOCATION OF ALLOWANCE FOR CREDIT LOSSES FOR LOANS
Jun 30, 2025Mar 31, 2025Dec 31, 2024Sep 30, 2024Jun 30, 2024
($ in millions)ACLACL
as %
of loan
class		ACLACL
as %
of loan
class		ACLACL
as %
of loan
class		ACLACL
as %
of loan
class		ACLACL
as %
of loan
class
By product:
Commercial and industrial
$4,306 1.07 %$4,331 1.11 %$4,151 1.09 %$4,230 1.13 %$4,276 1.14 %
Commercial real estate3,317 2.50 3,365 2.51 3,583 2.62 3,653 2.58 3,754 2.58 
Lease financing
212 1.41 234 1.45 212 1.29 209 1.27 206 1.23 
Total commercial
7,835 1.43 7,930 1.47 7,946 1.49 8,092 1.52 8,236 1.53 
Residential mortgage (1)568 0.23 542 0.22 541 0.22 542 0.21 521 0.20 
Credit card4,910 8.88 4,840 8.86 4,869 8.61 4,704 8.55 4,517 8.40 
Auto657 1.53 629 1.52 636 1.50 726 1.70 804 1.82 
Other consumer598 1.95 611 2.08 644 2.19 675 2.37 711 2.52 
Total consumer
6,733 1.80 6,622 1.77 6,690 1.77 6,647 1.75 6,553 1.72 
Total allowance for credit losses for loans$14,568 1.58 %$14,552 1.59 %$14,636 1.60 %$14,739 1.62 %$14,789 1.61 %
By segment:
Consumer Banking and Lending$7,458 2.36 %$7,332 2.32 %$7,470 2.32 %$7,445 2.31 %$7,386 2.27 %
Commercial Banking2,368 1.03 2,509 1.10 2,364 1.06 2,443 1.09 2,408 1.06 
Corporate and Investing Banking4,470 1.54 4,444 1.58 4,551 1.63 4,573 1.67 4,738 1.72 
Wealth and Investment Management264 0.31 258 0.31 241 0.29 266 0.32 245 0.29 
Corporate8 0.27 9 0.20 10 0.20 12 0.19 12 0.16 
Total allowance for credit losses for loans$14,568 1.58 %$14,552 1.59 %$14,636 1.60 %$14,739 1.62 %$14,789 1.61 %
(1)Includes negative allowance for expected recoveries of amounts previously charged off.
-21-


Wells Fargo & Company and Subsidiaries
NONPERFORMING ASSETS (NONACCRUAL LOANS AND FORECLOSED ASSETS)
Jun 30, 2025Mar 31, 2025Dec 31, 2024Sep 30, 2024Jun 30, 2024Jun 30, 2025
$ Change from
($ in millions)Balance% of
total
loans		Balance% of
total
loans		Balance% of
total
loans		Balance% of
total
loans		Balance% of
total
loans		Mar 31,
2025		Jun 30,
2024
By product:
Nonaccrual loans:
Commercial and industrial$925 0.23 %$969 0.25 %$763 0.20 %$743 0.20 %$754 0.20 %$(44)171 
Commercial real estate3,556 2.68 3,836 2.86 3,771 2.76 4,115 2.91 4,321 2.97 (280)(765)
Lease financing82 0.54 78 0.48 84 0.51 94 0.57 86 0.51 4 (4)
Total commercial4,563 0.83 4,883 0.90 4,618 0.86 4,952 0.93 5,161 0.96 (320)(598)
Residential mortgage (1)3,090 1.26 2,982 1.20 2,991 1.20 3,086 1.22 3,135 1.23 108 (45)
Auto76 0.18 83 0.20 89 0.21 99 0.23 103 0.23 (7)(27)
Other consumer28 0.09 30 0.10 32 0.11 35 0.12 35 0.12 (2)(7)
Total consumer3,194 0.85 3,095 0.83 3,112 0.82 3,220 0.85 3,273 0.86 99 (79)
Total nonaccrual loans7,757 0.84 7,978 0.87 7,730 0.85 8,172 0.90 8,434 0.92 (221)(677)
Foreclosed assets207 247 206 212 216 (40)(9)
Total nonperforming assets$7,964 0.86 %$8,225 0.90 %$7,936 0.87 %$8,384 0.92 %$8,650 0.94 %$(261)(686)
By segment:
Consumer Banking and Lending$3,054 0.97 %$3,011 0.95 %$3,029 0.94 %$3,144 0.97 %$3,194 0.98 %$43 (140)
Commercial Banking1,489 0.65 1,536 0.67 1,173 0.53 1,120 0.50 980 0.43 (47)509 
Corporate and Investing Banking3,132 1.08 3,442 1.23 3,508 1.26 3,912 1.43 4,265 1.55 (310)(1,133)
Wealth and Investment Management289 0.34 236 0.28 226 0.27 208 0.25 211 0.25 53 78 
Corporate— — — — — — — — — — — — 
Total nonperforming assets$7,964 0.86 %$8,225 0.90 %$7,936 0.87 %$8,384 0.92 %$8,650 0.94 %$(261)(686)
(1)Residential mortgage loans are not placed on nonaccrual status when they are insured or guaranteed by U.S. government agencies, such as the Federal Housing Administration or the Department of Veterans Affairs.

-22-


Wells Fargo & Company and Subsidiaries
COMMERCIAL LOAN PORTFOLIO – COMMERCIAL AND INDUSTRIAL LOANS AND LEASE FINANCING BY INDUSTRY AND COMMERCIAL REAL ESTATE LOANS BY PROPERTY TYPE
Jun 30, 2025Mar 31, 2025Jun 30, 2024
($ in millions)Nonaccrual
loans		Loans outstanding balanceTotal commitments (1)Nonaccrual
loans		Loans outstanding balanceTotal commitments (1)Nonaccrual
loans		Loans outstanding balanceTotal commitments (1)
Commercial and industrial loans and lease financing by industry:
Financials except banks$26 169,977 275,508 16 162,485 260,237 51 145,269 231,777 
Technology, telecom and media47 25,053 62,361 68 23,259 60,552 87 24,661 61,246 
Real estate and construction84 28,421 58,893 95 25,411 54,272 87 26,090 54,542 
Equipment, machinery and parts manufacturing30 25,578 50,479 31 25,563 50,572 37 25,727 49,539 
Retail153 18,129 45,153 268 18,623 45,408 53 19,674 47,691 
Food and beverage manufacturing10 17,285 34,365 9 16,316 32,215 22 16,535 33,390 
Materials and commodities147 14,288 33,560 119 14,476 33,883 28 14,842 37,380 
Auto related6 16,647 31,249 7 16,505 31,013 11 17,224 30,723 
Health care and pharmaceuticals72 14,237 31,205 62 13,590 30,564 66 14,508 29,647 
Oil, gas and pipelines3 9,473 28,892 3 10,950 30,638 26 10,308 32,284 
Diversified or miscellaneous74 11,159 27,328 10 10,295 25,897 56 8,395 21,908 
Commercial services77 11,080 27,115 88 11,148 27,462 33 10,699 26,288 
Utilities1 7,465 26,101 1 7,030 25,221 1 6,839 24,269 
Entertainment and recreation29 12,790 19,116 42 13,786 24,967 22 13,040 19,429 
Insurance and fiduciaries1 5,509 17,536 1 5,456 16,832 1 5,749 17,285 
Transportation services150 8,449 15,793 149 9,418 16,563 161 9,407 16,360 
Other97 21,670 40,264 78 22,353 41,502 98 22,326 43,757 
Total commercial and industrial loans and lease financing
1,007 417,210 824,918 1,047 406,664 807,798 840 391,293 777,515 
Commercial real estate loans by property type (2):
Apartments378 38,910 43,085 352 39,537 43,808 28 43,048 49,846 
Office2,532 25,219 26,400 2,897 26,415 27,611 3,693 29,704 31,636 
Industrial/warehouse46 23,485 25,736 67 23,286 25,576 25 24,877 27,268 
Hotel/motel253 12,005 12,358 239 11,606 12,004 252 11,601 12,130 
Retail (excluding shopping center)104 11,175 12,056 145 11,296 11,915 114 11,273 12,197 
Shopping center60 7,980 8,414 97 7,969 8,404 165 8,718 9,256 
Institutional13 5,105 5,357 13 5,095 5,365 13 5,555 5,992 
Other170 8,681 10,594 26 8,831 10,959 31 10,542 13,433 
Total commercial real estate loans
3,556 132,560 144,000 3,836 134,035 145,642 4,321 145,318 161,758 
Total commercial loans
$4,563 549,770 968,918 4,883 540,699 953,440 5,161 536,611 939,273 
(1)Total commitments consists of loans outstanding plus unfunded credit commitments, excluding issued letters of credit and discretionary amounts where our approval or consent is required prior to any loan funding or commitment increase.
(2)Our commercial real estate (CRE) loan portfolio is comprised of CRE mortgage and CRE construction loans.

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Wells Fargo & Company and Subsidiaries
TANGIBLE COMMON EQUITY

We also evaluate our business based on certain ratios that utilize tangible common equity. Tangible common equity is a non-GAAP financial measure and represents total equity less preferred equity, noncontrolling interests, goodwill, certain identifiable intangible assets (other than MSRs) and goodwill and other intangibles on venture capital investments in consolidated portfolio companies, net of applicable deferred taxes. The ratios are (i) tangible book value per common share, which represents tangible common equity divided by common shares outstanding; and (ii) return on average tangible common equity (ROTCE), which represents our annualized earnings as a percentage of tangible common equity. The methodology of determining tangible common equity may differ among companies. Management believes that tangible book value per common share and return on average tangible common equity, which utilize tangible common equity, are useful financial measures because they enable management, investors, and others to assess the Company’s use of equity.

The tables below provide a reconciliation of these non-GAAP financial measures to GAAP financial measures.
Jun 30, 2025
% Change from
($ in millions)
Jun 30,
2025		Mar 31,
2025		Dec 31,
2024		Sep 30,
2024		Jun 30,
2024		Mar 31,
2025		Jun 30,
2024
Tangible book value per common share:
Total equity$182,954 182,906 181,066 185,011 178,148 — %3 
Adjustments:
Preferred stock
(16,608)(18,608)(18,608)(18,608)(16,608)11 — 
Additional paid-in capital on preferred stock
141 145 144 144 141 (3)— 
Noncontrolling interests(1,843)(1,816)(1,946)(1,746)(1,718)(1)(7)
Total common stockholders' equity(A)164,644 162,627 160,656 164,801 159,963 1 3 
Adjustments:
Goodwill(25,071)(25,066)(25,167)(25,173)(25,172)— — 
Certain identifiable intangible assets (other than MSRs)(902)(65)(73)(85)(96)NMNM
Goodwill and other intangibles on venture capital investments in consolidated portfolio companies (included in other assets)
(674)(674)(735)(772)(968)— 30 
Applicable deferred taxes related to goodwill and other intangible assets (1)
1,060 954 947 940 933 11 14 
Tangible common equity(B)$139,057 137,776 135,628 139,711 134,660 1 3 
Common shares outstanding(C)3,220.4 3,261.7 3,288.9 3,345.5 3,402.7 (1)(5)
Book value per common share(A)/(C)$51.13 49.86 48.85 49.26 47.01 3 9 
Tangible book value per common share(B)/(C)43.18 42.24 41.24 41.76 39.57 2 9 
NM – Not meaningful
(1)Determined by applying the combined federal statutory rate and composite state income tax rates to the difference between book and tax basis of the respective goodwill and intangible assets at period-end.
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Wells Fargo & Company and Subsidiaries
TANGIBLE COMMON EQUITY (continued)
Quarter endedJun 30, 2025
% Change from		Six months ended
($ in millions)
Jun 30,
2025		Mar 31,
2025		Dec 31,
2024		Sep 30,
2024		Jun 30,
2024		Mar 31,
2025		Jun 30,
2024		Jun 30,
2025		Jun 30,
2024		%
Change
Return on average tangible common equity:
Net income applicable to common stock(A)$5,214 4,616 4,801 4,852 4,640 13 %12 $9,830 8,953 10 %
Average total equity183,268 183,358 182,933 184,368 181,552 — 1 183,312 184,111 — 
Adjustments:
Preferred stock
(18,278)(18,608)(18,608)(18,129)(18,300)2 — (18,442)(18,795)2 
Additional paid-in capital on preferred stock
143 145 144 143 145 (1)(1)144 150 (4)
Noncontrolling interests(1,818)(1,894)(1,803)(1,748)(1,743)4 (4)(1,856)(1,727)(7)
Average common stockholders’ equity(B)163,315 163,001 162,666 164,634 161,654 — 1 163,158 163,739 — 
Adjustments:
Goodwill(25,070)(25,135)(25,170)(25,172)(25,172)— — (25,102)(25,173)— 
Certain identifiable intangible assets (other than MSRs)
(863)(69)(78)(89)(101)NMNM(468)(106)NM
Goodwill and other intangibles on venture capital investments in consolidated portfolio companies (included in other assets)
(674)(734)(772)(965)(965)8 30 (704)(922)24 
Applicable deferred taxes related to goodwill and other intangible assets (1)
989 952 945 938 931 4 6 647 928 (30)
Average tangible common equity(C)$137,697 138,015 137,591 139,346 136,347 — 1 $137,531 138,466 (1)
Return on average common stockholders’ equity (ROE) (annualized)(A)/(B)12.8 %11.5 11.7 11.7 11.5 12.2 %11.0 %
Return on average tangible common equity (ROTCE) (annualized)(A)/(C)15.2 13.6 13.9 13.9 13.7 14.4 13.0 
NM – Not meaningful
(1)Determined by applying the combined federal statutory rate and composite state income tax rates to the difference between book and tax basis of the respective goodwill and intangible assets at period-end.
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Wells Fargo & Company and Subsidiaries
RISK-BASED CAPITAL RATIOS UNDER BASEL III (1)
Estimated
($ in billions)
Jun 30, 2025Mar 31, 2025Dec 31, 2024Sep 30, 2024Jun 30, 2024
Total equity
$183.0 182.9 181.1 185.0 178.1 
Adjustments:
Preferred stock
(16.6)(18.6)(18.6)(18.6)(16.6)
Additional paid-in capital on preferred stock
0.1 0.1 0.1 0.1 0.2 
Noncontrolling interests(1.9)(1.8)(1.9)(1.7)(1.7)
Total common stockholders' equity164.6 162.6 160.7 164.8 160.0 
Adjustments:
Goodwill(25.1)(25.1)(25.2)(25.2)(25.2)
Certain identifiable intangible assets (other than MSRs)(0.9)(0.1)(0.1)(0.1)(0.1)
Goodwill and other intangibles on venture capital investments in consolidated portfolio companies (included in other assets)
(0.7)(0.7)(0.7)(0.8)(1.0)
Applicable deferred taxes related to goodwill and other intangible assets (2)
1.1 1.0 0.9 0.9 0.9 
Other
(2.6)(2.1)(1.0)(1.3)(0.4)
Common Equity Tier 1 under the Standardized and Advanced Approaches(A)136.4 135.6 134.6 138.3 134.2 
Preferred stock
16.6 18.6 18.6 18.6 16.6 
Additional paid-in capital on preferred stock
(0.1)(0.1)(0.1)(0.1)(0.2)
Other(0.2)(0.2)(0.2)(0.2)(0.1)
Total Tier 1 capital under the Standardized and Advanced Approaches(B)152.7 153.9 152.9 156.6 150.5 
Long-term debt and other instruments qualifying as Tier 217.3 17.6 17.6 17.7 18.3 
Qualifying allowance for credit losses (3)
14.6 14.4 14.5 14.6 14.7 
Other(0.4)(0.4)(0.3)(0.4)(0.3)
Total Tier 2 capital under the Standardized Approach
(C)
31.5 31.6 31.8 31.9 32.7 
Total qualifying capital under the Standardized Approach
(B)+(C)
$184.2 185.5 184.7 188.5 183.2 
Long-term debt and other instruments qualifying as Tier 217.3 17.6 17.6 17.7 18.3 
Qualifying allowance for credit losses (3)
4.3 4.3 4.3 4.3 4.4 
Other(0.4)(0.4)(0.3)(0.4)(0.3)
Total Tier 2 capital under the Advanced Approach(D)21.2 21.5 21.6 21.6 22.4 
Total qualifying capital under the Advanced Approach
(B)+(D)
$173.9 175.4 174.5 178.2 172.9 
Total risk-weighted assets (RWAs) under the Standardized Approach
(E)$1,227.1 1,222.0 1,216.1 1,219.9 1,219.5 
Total RWAs under the Advanced Approach
(F)$1,074.0 1,063.6 1,085.0 1,089.3 1,093.0 
Ratios under the Standardized Approach:
Common Equity Tier 1(A)/(E)11.1 %11.1 11.1 11.3 11.0 
Tier 1 capital(B)/(E)12.4 12.6 12.6 12.8 12.3 
Total capital
(B)+(C)/(E)
15.0 15.2 15.2 15.5 15.0 
Ratios under the Advanced Approach:
Common Equity Tier 1(A)/(F)12.7 %12.7 12.4 12.7 12.3 
Tier 1 capital(B)/(F)14.2 14.5 14.1 14.4 13.8 
Total capital
(B)+(D)/(F)
16.2 16.5 16.1 16.4 15.8 
(1)The Basel III capital rules provide for two capital frameworks (the Standardized Approach and the Advanced Approach applicable to certain institutions), and we must calculate our CET1, Tier 1 and total capital ratios under both approaches.
(2)Determined by applying the combined federal statutory rate and composite state income tax rates to the difference between book and tax basis of the respective goodwill and intangible assets at period-end.
(3)Differences between the approaches are driven by the qualifying amounts of ACL includable in Tier 2 capital. Under the Advanced Approach, eligible credit reserves represented by the amount of qualifying ACL in excess of expected credit losses (using regulatory definitions) is limited to 0.60% of Advanced credit RWAs, whereas the Standardized Approach includes ACL in Tier 2 capital up to 1.25% of Standardized credit RWAs. Under both approaches, any excess ACL is deducted from the respective total RWAs.
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