Company: WFC-PC
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000072971-25-000129
Chunk: 93

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-04-29
Form: 10-Q
Item: Item 1
Chunk 93
---
 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 Cost20252024Pension benefits Pension benefits (in millions)QualifiedNon- qualifiedOther benefitsQualified Non- qualifiedOther benefitsQuarter ended March 31,Service cost$8 — — 7 — — Interest cost98 4 3 97 5 3 Expected return on plan assets(123)— (7)(118)— (6)Amortization of net actuarial loss (gain)33 1 (6)35 1 (6)Amortization of prior service credit— — (3)— — (3)Net periodic benefit cost$16 5 (13)21 6 (12)

118Wells 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 March 31,(in millions, except per share amounts)20252024Wells Fargo net income$4,894 4,619 Less: Preferred stock dividends and other (1)278 306 Wells Fargo net income applicable to common stock (numerator)$4,616 4,313 Earnings per common shareAverage common shares outstanding (denominator)3,280.4 3,560.1 Per share$1.41 1.21 Diluted earnings per common shareAverage common shares outstanding3,280.4 3,560.1 Add: Restricted share rights (2)41.2 40.0 Diluted average common shares outstanding (denominator)3,321.6 3,600.1 Per share$1.39 1.20 (1)Includes costs associated with any preferred stock redemption.(2)Calculated using the treasury stock method.Table 20.2 presents the