Company: WFC-PC
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0000072971-25-000253
Chunk: 105

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 1
Chunk 105
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 Balance Plan), which covers eligible employees of Wells Fargo. The Cash Balance Plan was frozen on July 1, 2009, and no new benefits accrue after that date. For additional information on our pension and postretirement plans, including plan assumptions, investment strategy and asset allocation, projected benefit payments, and valuation methodologies used for assets measured at fair value, see Note 1 (Summary of Significant Accounting Policies) and Note 22 (Employee Benefits) in our 2024 Form 10-K.Table 19.1 presents the components of net periodic benefit cost. Service cost is reported in personnel expense and all other components of net periodic benefit cost are reported in other noninterest expense on our consolidated statement of income.Table 19.1:  Net Periodic Benefit Cost 20252024Pension benefits Pension benefits (in millions)QualifiedNon- qualifiedOther benefitsQualified Non- qualifiedOther benefitsQuarter ended September 30,Service cost$8 — — 7 — — Interest cost98 4 4 97 5 3 Expected return on plan assets(123)— (7)(118)— (6)Amortization of net actuarial loss (gain)33 1 (7)35 1 (7)Amortization of prior service credit— — (2)— — (2)Net periodic benefit cost$16 5 (12)21 6 (12)Nine months ended September 30,Service cost$25 — — 22 — — Interest cost293 12 10 290 13 10 Expected return on plan assets(369)— (21)(354)— (19)Amortization of net actuarial loss (gain)100 2 (19)104 4 (19)Amortization of prior service credit— — (7)— — (7)Net periodic benefit cost$49 14 (37)62 17 (35)

122Wells Fargo & Company

Note 20:  Earnings and Dividends Per Common ShareTable 20.1 shows earnings per common share and diluted earnings per common share and reconciles the numerator and denominator of both earnings per common share calculations.Table 20.1:  Earnings Per Common Share CalculationsQuarter ended September 30,Nine months ended September 30,(in millions, except per