Wells Fargo & Company (NYSE: WFC) reported its first quarter 2026 earnings results today.
Total revenue increased 6% year-over-year to $21.4 billion.
Net income increased 7% to $5.2 billion and earnings per share rose 15% to $1.60 compared to last year.
“Revenue growth was driven by both a 5% increase in net interest income and an 8% increase in noninterest income. Credit performance remained strong with net loan charge-offs stable at 45 basis points. We returned $4 billion to shareholders through common stock repurchases while continuing to operate with significant excess capital.” – Charlie Scharf, CEO