Company: WFC-PC
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000072971-25-000201
Chunk: 104

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 1
Chunk 104
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irement 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 Cost20252024Pension benefits Pension benefits (in millions)QualifiedNon- qualifiedOther benefitsQualified Non- qualifiedOther benefitsQuarter ended June 30,Service cost$9 — — 8 — — Interest cost97 4 3 96 3 4 Expected return on plan assets(123)— (7)(118)— (7)Amortization of net actuarial loss (gain)34 — (6)34 2 (6)Amortization of prior service credit— — (2)— — (2)Net periodic benefit cost$17 4 (12)20 5 (11)Six months ended June 30,Service cost$17 — — 15 — — Interest cost195 8 6 193 8 7 Expected return on plan assets(246)— (14)(236)— (13)Amortization of net actuarial loss (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