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Letter portraitLegal landscapeQuarterYTD

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 $117.0BQ3 2024Q2 2026
Deposit mix
73%Interest-bearing $1137.5B27%Noninterest $417.1BQ3 2024Q2 2026

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.

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

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%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.32%1.32%1.30%1.43%1.42%1.41%1.30%1.38%-6 bps
Return on Equity13.69%13.66%13.26%14.62%14.46%14.45%13.75%14.88%+27 bps
Net Interest Margin3.06%3.08%2.97%2.98%2.92%2.93%2.87%2.81%-17 bps
Efficiency Ratio56.42%56.93%57.97%55.84%55.77%55.41%56.66%54.77%-107 bps
Non-Interest Burden1.14%1.18%1.10%1.01%1.00%1.01%1.07%0.96%-5 bps
Growth
Asset Growth (YoY)-0.36%-1.60%-1.85%1.54%4.03%6.87%8.25%9.25%+771 bps
Loan Growth (YoY)-3.40%-2.74%-0.81%0.93%3.92%8.37%11.73%11.53%+1,060 bps
Deposit Growth (YoY)1.99%1.76%-0.12%-0.74%1.51%4.24%6.90%11.62%+1,235 bps
Asset Quality
Nonperforming Loans / Loans1.39%1.43%1.37%1.33%1.21%1.20%1.18%1.04%-29 bps
Net Charge-Offs / Loans0.54%0.54%0.46%0.45%0.43%0.42%0.45%0.40%-5 bps
Allowance / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio8.90%8.72%8.84%8.93%8.70%8.69%8.40%8.02%-92 bps
Total Risk-Based Capital15.34%15.09%15.16%14.76%14.63%14.31%14.05%13.50%-125 bps
Equity / Assetsn/an/an/an/an/an/an/an/an/an/a
Liquidity & Funding
Loans / Deposits62.83%62.07%62.43%64.23%64.32%64.53%65.25%64.18%-5 bps
Liquid Assets / Assets14.32%13.78%13.29%12.69%12.13%11.42%11.02%10.41%-228 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a