Company: WFC-PC
Filing Date: 2025-03-19
Form Type: DEF 14A
Source: 0000072971-25-000090
Chunk: 133

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-03-19
Form: DEF 14A
Chunk 133
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 to assess the Company's ability to generate capital to cover credit losses through a credit cycle.

#### Adjusted net income (in millions)
|                                                         |     | Year ended   
 Dec 31, 2024 |     |   |        |     | Dec 31, 2023 |        |
|:--------------------------------------------------------|:----|:-------------|:----|:--|-------:|:----|:-------------|-------:|
| Net income                                              |     |              |     | $ | 19,722 |     |              | 19,142 |
| Adjustments for notable items:                          |     |              |     |   |        |     |              |        |
| FDIC special assessment                                 |     |              |     |   |    243 |     |              |  1,931 |
| Applicable income tax expense related to notable items1 |     |              |     |   |     60 |     |              |    477 |
| Adjusted net income                                     |     |              |     |   | 19,905 |     |              | 20,596 |

1. Determined by applying the combined federal statutory rate and composite state income tax rates to notable items in 2024 and 2023.

#### Adjusted diluted earnings per common share
|                                                         |     | Year ended   
 Dec 31, 2024 |     |   |      |     | Dec 31, 2023 |      |
|:--------------------------------------------------------|:----|:-------------|:----|:--|-----:|:----|:-------------|-----:|
| Diluted earnings per common share (EPS)                 |     |              |     | $ | 5.37 |     |              | 4.83 |
| Adjustments for notable items:                          |     |              |     |   |      |     |              |      |
| FDIC special assessment                                 |     |              |     |   | 0.07 |     |              | 0.52 |
| Applicable income tax expense related to notable items1 |     |              |     |   | 0.02 |     |              | 0.13 |
| Adjusted diluted EPS                                    |     |              |     |   | 5.42 |     |              | 5.22 |

1. Determined by applying the combined federal statutory rate and composite state income tax rates to notable items in 2024 and 2023