Company: WFC-PC
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000072971-25-000201
Chunk: 225

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 15
Chunk 225
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gain)67 1 (12)69 3 (12)Amortization of prior service credit— — (5)— — (5)Net periodic benefit cost$33 9 (25)41 11 (23)

Wells Fargo & Company123

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 June 30,Six months ended June 30,(in millions, except per share amounts)2025202420252024Wells Fargo net income$5,494 4,910 $10,388 9,529 Less: Preferred stock dividends and other (1)280 270 558 576 Wells Fargo net income applicable to common stock (numerator)$5,214 4,640 $9,830 8,953 Earnings per common shareAverage common shares outstanding (denominator)3,232.7 3,448.3 3,256.4 3,504.2 Per share$1.61 1.35 $3.02 2.56 Diluted earnings per common shareAverage common shares outstanding3,232.7 3,448.3 3,256.4 3,504.2 Add: Restricted share rights (2)34.3 37.9 37.8 39.0 Diluted average common shares outstanding (denominator)3,267.0 3,486.2 3,294.2 3,543.2 Per share$1.60 1.33 $2.98 2.53 (1)Includes costs associated with any preferred stock redemption.(2)Calculated using the treasury stock method.Table 20.2 presents the outstanding securities that were anti-dilutive and therefore not included in the calculation of diluted earnings per common share.Table 20.2:  Outstanding Anti-Dilutive SecuritiesWeighted-average sharesQuarter ended June 30,Six months ended June 30,(in millions)2025202420252024Convertible Preferred Stock, Series L (1)25.3 25.3 25.3 25.3 Restricted share rights (2)1.4