In the fourth quarter of 2025, Wells Fargo reported total revenue of $21.29 billion, a 4 percent increase year-over-year, while GAAP net income rose nearly 6 percent to $5.36 billion, or $1.76 per share. Although adjusted EPS of $1.76 topped consensus estimates of $1.66, the bank narrowly missed the collective revenue forecast of $21.64 billion. Net interest income climbed 4 percent to $12.33 billion, driven by higher loan volumes and repricing, but the net interest margin contracted by 10 basis points. Non-performing assets increased by 7.1 percent year-over-year, and severance charges of $612 million related to workforce reductions weighed on results, accounting for approximately 5,600 positions eliminated during the quarter.

Since the Federal Reserve lifted the 2018 asset cap in June 2025, Wells Fargo’s total assets have grown by 11 percent over the past year. Average loans rose to $955.8 billion, up from $909 billion, and average deposits climbed to $1.38 trillion, marking a 4 percent increase. Consumer card accounts expanded by 20 percent, with credit card balances up 6 percent, while auto loan balances surged 19 percent. Digital account openings fueled a 4 percent rise in mobile active customers to 36 million, and 50 percent of new checking accounts were opened via mobile channels in 2025.

Wells Fargo recently increased its quarterly dividend to an annualized yield of 1.82 percent, underpinned by a solid 12.3 percent return on equity for the latest quarter. The bank’s CET1 capital ratio stands at 11.6 percent, comfortably above regulatory requirements, and its efficiency ratio improved slightly to 64 percent. With a payout ratio near 40 percent of adjusted earnings, management has signaled commitment to return excess capital to shareholders while maintaining a buffer for credit volatility and ongoing investments in digital transformation.