Company: WFC-PC
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0000072971-25-000253
Chunk: 226

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 15
Chunk 226
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 ended September 30,(in millions)2025202420252024Legal actions$89 76 $192 228 Customer remediation18 22 40 634 Other178 195 507 557 Total operating losses$285 293 $739 1,419 Operating losses may have significant variability given the inherent and unpredictable nature of legal actions and customer remediation activities. The timing and determination of the amount of any associated losses for these matters depends on a variety of factors, some of which are outside of our control.OTHER EXPENSE.  Other noninterest expense on our consolidated statement of income included amounts presented in Table 18.3. Regulatory charges and assessments expense predominantly consisted of Federal Deposit Insurance Corporation (FDIC) deposit assessment expense, including amounts for the FDIC special assessment. For additional information on the FDIC special assessment, see Note 21 (Revenue and Expenses) in our 2024 Form 10-K.Table 18.3:  Other ExpenseQuarter ended September 30,Nine months ended September 30,(in millions)2025202420252024Regulatory charges and assessments$234 212 $781 1,098 

Wells Fargo & Company121

                                                                                                                                      Note 19:  Employee Benefits

Pension and Postretirement PlansWe sponsor a frozen noncontributory qualified defined benefit retirement plan, the Wells Fargo & Company Cash Balance Plan (Cash Balance Plan), which covers eligible employees of Wells Fargo. The Cash Balance Plan was frozen on July 1, 2009, and no new benefits accrue after that date. For additional information on our pension and postretirement 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 Cost 20252024Pension benefits Pension benefits (in millions)QualifiedNon- qualifiedOther benefitsQualified Non- qualifiedOther benefitsQuarter ended September 30,Service cost$8 — — 7 — — Interest cost98 4 4 97