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Wells Fargo Bank, National Association

Sioux Falls, SD · Cert 3511 · Wells Fargo&Company

National charter · OCC · 4,157 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks over $10B in assets3

Basis

Quarter: Q2 2026, the quarter ended June 30, 2026, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks over $10B in assets (n=142 to 144). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

23

Q2 2024Q2 2026peer median (50)

Asset Quality

25

Q2 2024Q2 2026peer median (50)

Profitability

54

Q2 2024Q2 2026peer median (50)

Liquidity

5

Q2 2024Q2 2026peer median

Efficiency

55

Q2 2024Q2 2026peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-12

Wells Fargo Bank, National Association

Sioux Falls, SD · Cert 3511 · Wells Fargo&Company

National charter · OCC · 2 affiliate banks · 4,157 branches (4,159 in holding)

Q2 2026

$1907.9BAssets
$997.8BLoans
$1554.6BDeposits
$169.5BEquity
Loan mix
53%RE $361.3B29%C&I $198.5B17%Consumer $117.0BQ2 2025Q2 2026
Deposit mix
73%Interest-bearing $1137.5B27%Noninterest $417.1BQ2 2025Q2 2026

NIM

4.89%Q2 ’244.47%Q2 ’254.23%Q2 ’26-3%-6%

Non-interest income vs. expense

2.55%Q2 ’242.50%Q2 ’252.26%Q2 ’26-17%-5%

Market Position · San Francisco-Oakland-Fremont, CA · 2026 SOD (annual) · 15.8% share · #2 of 69 inst. · $80.9B of $513.2B

14.2% San Francisco
14.7% Los Angeles
24.9% Hennepin
18.8% Santa Clara

Executive Summary

  • Earnings: ROA of 1.38%, down 6 bps year over year; NIM at 2.81%.
  • Asset quality: problem loans at 1.04% of loans (-29 bps YoY), with net charge-offs at 0.40%.
  • Capital: tier 1 leverage ratio of 8.02%, down 92 bps from a year ago.
  • Funding: loans stand at 64.18% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.38%-6 bps YoY

Net Interest Margin (YTD, annualized)

2.81%-17 bps YoY

Efficiency Ratio (YTD, annualized)

54.77%-107 bps YoY

Tier 1 Leverage Ratio

8.02%-92 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.43%1.42%1.41%1.30%1.38%-6 bps
Return on Equity14.62%14.46%14.45%13.75%14.88%+27 bps
Net Interest Margin2.98%2.92%2.93%2.87%2.81%-17 bps
Efficiency Ratio55.84%55.77%55.41%56.66%54.77%-107 bps
Non-Interest Burden1.01%1.00%1.01%1.07%0.96%-5 bps
Growth
Asset Growth (YoY)1.54%4.03%6.87%8.25%9.25%+771 bps
Loan Growth (YoY)0.93%3.92%8.37%11.73%11.53%+1,060 bps
Deposit Growth (YoY)-0.74%1.51%4.24%6.90%11.62%+1,235 bps
Asset Quality
Nonperforming Loans / Loans1.33%1.21%1.20%1.18%1.04%-29 bps
Net Charge-Offs / Loans0.45%0.43%0.42%0.45%0.40%-5 bps
Allowance / Loansn/an/an/an/an/an/an/a
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio8.93%8.70%8.69%8.40%8.02%-92 bps
Total Risk-Based Capital14.76%14.63%14.31%14.05%13.50%-125 bps
Equity / Assetsn/an/an/an/an/an/an/a
Liquidity & Funding
Loans / Deposits64.23%64.32%64.53%65.25%64.18%-5 bps
Liquid Assets / Assets12.69%12.13%11.42%11.02%10.41%-228 bps
CRE / Total Capitaln/an/an/an/an/an/an/a

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-12

Wells Fargo Bank, National Association

Sioux Falls, SD · Cert 3511 · Peer group: banks over $10B in assets (n=142-144) · Wells Fargo&Company

National charter · OCC · 2 affiliate banks · 4,157 branches (4,159 in holding)

Q2 2026

$1907.9BAssets
$997.8BLoans
$1554.6BDeposits
$169.5BEquity

Executive Summary

  • Strongest standing: return on equity outperforms 78% of banks over $10B in assets (rank 32 of 144).
  • Widest gap: equity / assets trails 83% of banks over $10B in assets (rank 119 of 144).
  • Overall: at or above the peer median on 3 of 9 directional measures.

Return on Assets

1.34%

Rank 57 of 144

Net Interest Margin

2.81%

Rank 110 of 144

Efficiency Ratio

55.01%

Rank 66 of 144

Equity / Assets

8.88%

Rank 119 of 144

Non-interest income vs. expense

$24.4B$42.5BINCOMEEXPENSE
Unfavorable gap of $18.0B · efficiency ratio beats 55% of banks over $10B in assets
Bank 55.01%Peer median 56.0%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.34%1.00%1.26%1.54%Beats 60%57 / 144
Return on Equity15.11%8.98%11.34%14.40%Beats 78%32 / 144
Net Interest Margin2.81%2.82%3.31%3.68%Beats 24%110 / 144
Efficiency Ratio55.01%49.42%56.02%62.41%Beats 55%66 / 144
Asset Quality
Nonperforming Loans / Loans1.04%0.48%0.73%1.07%Beats 27%105 / 142
Net Charge-Offs / Loans0.27%0.05%0.11%0.22%Beats 22%112 / 142
Capital
Tier 1 Capital Ratio12.06%12.07%12.98%14.92%Beats 24%110 / 144
Total Risk-Based Capital Ratio13.50%13.39%14.14%16.25%Beats 28%103 / 144
Equity / Assets8.88%9.69%11.39%12.96%Beats 17%119 / 144
Liquidity & Funding
Loans / Deposits64.18%75.72%84.92%91.56%10th pctl128 / 143
Loans / Assets52.30%59.83%69.07%74.80%14th pctl124 / 144
Brokered Deposits / Depositsn/aNot reported for this institution