Wells Fargo reported fourth-quarter 2025 revenue of $21.29 billion, a 4% increase year-over-year but falling short of the $21.64 billion consensus. GAAP net income rose 6% to $5.36 billion, or $1.76 per share, topping the $1.66 per share estimate. The bank’s average loans grew 5% to $956 billion, while average deposits climbed 4% to $1.38 trillion. Despite the earnings beat, investors sold off shares, driving a 4.6% decline in the stock price on the day of release.

On January 14, 2026, Wells Fargo disclosed adjusted EPS of $1.76 compared with a forecast of $1.66, while reported EPS stood at $1.62. Revenue matched the prior quarter’s $21.29 billion but missed the $21.65 billion projection. Net interest income increased 4% to $12.33 billion, though net interest margin contracted by 10 basis points to 2.6%. The efficiency ratio deteriorated to 64%, above the 62.7% consensus, as non-performing assets grew 7.1%. Severance charges of $612 million related to 5,600 roles weighed on results; excluding these, net income would have been $5.8 billion, or $1.76 per diluted share.

Credit card balances benefited from a 20% surge in new accounts, while automobile lending balances jumped 19%. Corporate and investment banking also contributed to segment growth. The bank reduced operating expenses by 1%, demonstrating disciplined cost management despite prevailing pressure on margins. With the asset cap removal last June and a favorable, albeit slowing, domestic economy, Wells Fargo remains focused on loan growth, deposit gathering and restoring profitability metrics to peer-leading levels.