Company: WFC-PC
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0000072971-25-000253
Chunk: 227

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 15
Chunk 227
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 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 share amounts)2025202420252024Wells Fargo net income$5,589 5,114 $15,977 14,643 Less: Preferred stock dividends and other (1)248 262 806 838 Wells Fargo net income applicable to common stock (numerator)$5,341 4,852 $15,171 13,805 Earnings per common shareAverage common shares outstanding (denominator)3,182.2 3,384.8 3,231.4 3,464.1 Per share$1.68 1.43 $4.69 3.99 Diluted earnings per common shareAverage common shares outstanding3,182.2 3,384.8 3,231.4 3,464.1 Add: Stock-based compensation awards (2)41.3 40.3 38.9 39.4 Diluted average common shares outstanding (denominator)3,223.5 3,425.1 3,