Document

Exhibit 99.2

1Q23 Quarterly Supplement

Wells Fargo & Company and Subsidiaries

QUARTERLY FINANCIAL DATA

TABLE OF CONTENTS

In first quarter 2023, we adopted Financial Accounting Standards Board (FASB) Accounting Standards Update (ASU) 2018-12 – Financial Services – Insurance (Topic 944): Targeted Improvements to the Accounting for Long-Duration Contracts. We adopted ASU 2018-12 with retrospective application, which required revision of prior period financial statements. Prior period risk-based capital and certain other regulatory related metrics were not revised. For additional information, including the financial statement line items impacted by the adoption of ASU 2018-12, see page 28.


			Pages
Consolidated Results

Summary Financial Data			3


Consolidated Statement of Income			5


Consolidated Balance Sheet			6
Average Balances and Interest Rates (Taxable-Equivalent Basis)			7









Reportable Operating Segment Results
Combined Segment Results			8
Consumer Banking and Lending			9
Commercial Banking			11
Corporate and Investment Banking			13
Wealth and Investment Management			15
Corporate			16

Credit-Related Information
Consolidated Loans Outstanding – Period-End Balances, Average Balances, and Average Interest Rates			17
Net Loan Charge-offs			18
Changes in Allowance for Credit Losses for Loans			19
Allocation of the Allowance for Credit Losses for Loans			20
Nonperforming Assets (Nonaccrual Loans and Foreclosed Assets)			21


Commercial and Industrial Loans and Lease Financing by Industry			22
Commercial Real Estate Loans by Property Type			23

Equity
Tangible Common Equity			24

Risk-Based Capital Ratios Under Basel III – Standardized Approach			26
Risk-Based Capital Ratios Under Basel III – Advanced Approach			27

Other
Adoption of ASU 2018-12			28

Financial results reported in this document are preliminary. Final financial results and other disclosures will be reported in our Quarterly Report on Form 10-Q for the quarter ended March 31, 2023, and may differ materially from the results and disclosures in this document due to, among other things, the completion of final review procedures, the occurrence of subsequent events, or the discovery of additional information.

Wells Fargo & Company and Subsidiaries

SUMMARY FINANCIAL DATA


	Quarter ended							Mar 31, 2023 % Change from
(in millions, except ratios and per share amounts)	Mar 31, 2023			Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2022		Mar 31, 2022
Selected Income Statement Data
Total revenue	$	20,729		20,034	19,566	17,040	17,728	3	%	17
Noninterest expense	13,676			16,186	14,306	12,862	13,851	(16)		(1)
Pre-tax pre-provision profit (PTPP) (1)	7,053			3,848	5,260	4,178	3,877	83		82
Provision for credit losses (2)	1,207			957	784	580	(787)	26		253
Wells Fargo net income	4,991			3,155	3,592	3,142	3,788	58		32
Wells Fargo net income applicable to common stock	4,713			2,877	3,313	2,863	3,509	64		34

Common Share Data
Diluted earnings per common share	1.23			0.75	0.86	0.75	0.91	64		35
Dividends declared per common share	0.30			0.30	0.30	0.25	0.25	—		20
Common shares outstanding	3,763.2			3,833.8	3,795.4	3,793.0	3,789.9	(2)		(1)
Average common shares outstanding	3,785.6			3,799.9	3,796.5	3,793.8	3,831.1	—		(1)
Diluted average common shares outstanding	3,818.7			3,832.7	3,825.1	3,819.6	3,868.9	—		(1)
Book value per common share (3)	$	43.02		41.98	41.36	41.72	42.18	2		2
Tangible book value per common share (3)(4)	35.87			34.98	34.29	34.66	35.11	3		2

Selected Equity Data (period-end)
Total equity	183,220			182,213	178,478	179,798	181,597	1		1
Common stockholders' equity	161,893			160,952	156,983	158,260	159,876	1		1
Tangible common equity (4)	134,992			134,090	130,151	131,464	133,052	1		1

Performance Ratios
Return on average assets (ROA) (5)	1.09		%	0.67	0.76	0.66	0.80
Return on average equity (ROE) (6)	11.7			7.1	8.1	7.2	8.7
Return on average tangible common equity (ROTCE) (4)	14.0			8.5	9.8	8.7	10.4
Efficiency ratio (7)	66			81	73	75	78
Net interest margin on a taxable-equivalent basis	3.20			3.14	2.83	2.39	2.16
Average deposit cost	0.83			0.46	0.14	0.04	0.03

(1)Pre-tax pre-provision profit (PTPP) is total revenue less noninterest expense. Management believes that PTPP is a useful financial measure because it enables investors and others to assess the Company’s ability to generate capital to cover credit losses through a credit cycle.

(2)Includes provision for credit losses for loans, debt securities, and interest-earning deposits with banks.

(3)Book value per common share is common stockholders' equity divided by common shares outstanding. Tangible book value per common share is tangible common equity divided by common shares outstanding.

(4)Tangible common equity, tangible book value per common share, and return on average tangible common equity are non-GAAP financial measures. For additional information, including a corresponding reconciliation to GAAP financial measures, see the “Tangible Common Equity” tables on pages 24 and 25.

(5)Represents Wells Fargo net income divided by average assets.

(6)Represents Wells Fargo net income applicable to common stock divided by average common stockholders’ equity.

(7)The efficiency ratio is noninterest expense divided by total revenue (net interest income and noninterest income).

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Wells Fargo & Company and Subsidiaries

SUMMARY FINANCIAL DATA (continued)


	Quarter ended							Mar 31, 2023 % Change from
($ in millions, unless otherwise noted)	Mar 31, 2023			Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2022		Mar 31, 2022
Selected Balance Sheet Data (average)
Loans	$	948,651		948,517	945,465	926,567	898,005	—	%	6
Assets	1,863,676			1,875,191	1,880,689	1,902,571	1,919,397	(1)		(3)
Deposits	1,356,694			1,380,459	1,407,851	1,445,793	1,464,072	(2)		(7)

Selected Balance Sheet Data (period-end)
Debt securities	511,597			496,808	502,035	516,772	535,916	3		(5)
Loans	947,991			955,871	945,906	943,734	911,807	(1)		4
Allowance for credit losses for loans	13,705			13,609	13,225	12,884	12,681	1		8
Equity securities	60,610			64,414	59,560	61,774	70,755	(6)		(14)
Assets	1,886,400			1,881,020	1,877,719	1,881,141	1,939,709	—		(3)
Deposits	1,362,629			1,383,985	1,398,151	1,425,153	1,481,354	(2)		(8)

Headcount (#) (period-end)	235,591			238,698	239,209	243,674	246,577	(1)		(4)

Capital and other metrics (1)
Risk-based capital ratios and components (2):
Standardized Approach:
Common Equity Tier 1 (CET1)	10.8		%	10.6	10.3	10.4	10.5
Tier 1 capital	12.3			12.1	11.9	11.9	12.0
Total capital	15.1			14.8	14.6	14.6	14.7
Risk-weighted assets (RWAs) (in billions)	$	1,244.0		1,259.9	1,255.6	1,253.6	1,265.5	(1)		(2)

Advanced Approach:
Common Equity Tier 1 (CET1)	12.0		%	12.0	11.8	11.6	11.8
Tier 1 capital	13.7			13.7	13.5	13.3	13.5
Total capital	15.9			15.9	15.7	15.6	15.9
Risk-weighted assets (RWAs) (in billions)	$	1,119.5		1,112.3	1,104.1	1,121.6	1,119.5	1		—

Tier 1 leverage ratio	8.4		%	8.3	8.0	8.0	8.0
Supplementary Leverage Ratio (SLR)	7.0			6.9	6.7	6.6	6.6
Total Loss Absorbing Capacity (TLAC) Ratio (3)	23.3			23.3	23.0	22.7	22.3
Liquidity Coverage Ratio (LCR) (4)	122			122	123	121	119

(1)Ratios and metrics for March 31, 2023, are preliminary estimates.

(2)See the tables on pages 26 and 27 for more information on CET1, tier 1 capital, and total capital.

(3)Represents TLAC divided by risk-weighted assets (RWAs), which is our binding TLAC ratio, determined by using the greater of RWAs under the Standardized and Advanced Approaches.

(4)Represents average high-quality liquid assets divided by average projected net cash outflows, as each is defined under the LCR rule.

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Wells Fargo & Company and Subsidiaries

CONSOLIDATED STATEMENT OF INCOME


	Quarter ended						Mar 31, 2023 % Change from
(in millions, except per share amounts)	Mar 31, 2023		Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2022		Mar 31, 2022







Interest income	$	19,356	17,793	14,494	11,556	10,181	9	%	90





Interest expense	6,020		4,360	2,396	1,358	960	38		527
Net interest income	13,336		13,433	12,098	10,198	9,221	(1)		45
Noninterest income
Deposit-related fees	1,148		1,178	1,289	1,376	1,473	(3)		(22)
Lending-related fees	356		344	358	353	342	3		4
Investment advisory and other asset-based fees	2,114		2,049	2,111	2,346	2,498	3		(15)
Commissions and brokerage services fees	619		601	562	542	537	3		15
Investment banking fees	326		331	375	286	447	(2)		(27)
Card fees	1,033		1,095	1,119	1,112	1,029	(6)		—
Mortgage banking	232		79	324	287	693	194		(67)
Net gains from trading activities	1,342		552	900	446	218	143		516
Net gains from debt securities	—		—	6	143	2	NM		(100)
Net gains (losses) from equity securities	(357)		(733)	(34)	(615)	576	51		NM
Lease income	347		287	322	333	327	21		6
Other	233		818	136	233	365	(72)		(36)
Total noninterest income	7,393		6,601	7,468	6,842	8,507	12		(13)
Total revenue	20,729		20,034	19,566	17,040	17,728	3		17




Provision for credit losses (1)	1,207		957	784	580	(787)	26		253
Noninterest expense
Personnel	9,415		8,415	8,212	8,442	9,271	12		2
Technology, telecommunications and equipment	922		902	798	799	876	2		5
Occupancy	713		722	732	705	722	(1)		(1)
Operating losses	267		3,517	2,218	576	673	(92)		(60)
Professional and outside services	1,229		1,357	1,235	1,310	1,286	(9)		(4)
Leases (2)	177		191	186	185	188	(7)		(6)
Advertising and promotion	154		178	126	102	99	(13)		56
Restructuring charges	—		—	—	—	5	NM		(100)
Other	799		904	799	743	731	(12)		9
Total noninterest expense	13,676		16,186	14,306	12,862	13,851	(16)		(1)
Income before income tax expense (benefit)	5,846		2,891	4,476	3,598	4,664	102		25
Income tax expense (benefit)	966		(29)	912	622	746	NM		29
Net income before noncontrolling interests	4,880		2,920	3,564	2,976	3,918	67		25
Less: Net income (loss) from noncontrolling interests	(111)		(235)	(28)	(166)	130	53		NM
Wells Fargo net income	$	4,991	3,155	3,592	3,142	3,788	58	%	32
Less: Preferred stock dividends and other	278		278	279	279	279	—		—
Wells Fargo net income applicable to common stock	$	4,713	2,877	3,313	2,863	3,509	64	%	34
Per share information
Earnings per common share	$	1.24	0.76	0.87	0.75	0.92	63	%	35
Diluted earnings per common share	1.23		0.75	0.86	0.75	0.91	64		35

NM – Not meaningful

(1)Includes provision for credit losses for loans, debt securities, and interest-earning deposits with banks.

(2)Represents expenses for assets we lease to customers.

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Wells Fargo & Company and Subsidiaries

CONSOLIDATED BALANCE SHEET


							Mar 31, 2023 % Change from
(in millions)	Mar 31, 2023		Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2022		Mar 31, 2022
Assets
Cash and due from banks	$	31,958	34,596	27,634	29,716	27,454	(8)	%	16
Interest-earning deposits with banks	130,478		124,561	137,821	125,424	174,441	5		(25)

Federal funds sold and securities purchased under resale agreements	67,288		68,036	55,840	55,546	67,764	(1)		(1)
Debt securities:
Trading, at fair value	90,052		86,155	85,766	89,157	86,672	5		4
Available-for-sale, at fair value	144,398		113,594	115,835	125,832	168,436	27		(14)
Held-to-maturity, at amortized cost	277,147		297,059	300,434	301,783	280,808	(7)		(1)
Loans held for sale	6,199		7,104	9,434	9,674	19,824	(13)		(69)
Loans	947,991		955,871	945,906	943,734	911,807	(1)		4
Allowance for loan losses	(13,120)		(12,985)	(12,571)	(11,786)	(11,504)	(1)		(14)
Net loans	934,871		942,886	933,335	931,948	900,303	(1)		4
Mortgage servicing rights	9,950		10,480	11,027	10,386	9,753	(5)		2
Premises and equipment, net	8,416		8,350	8,493	8,444	8,473	1		(1)
Goodwill	25,173		25,173	25,172	25,178	25,181	—		—
Derivative assets	17,117		22,774	29,253	24,896	27,365	(25)		(37)
Equity securities	60,610		64,414	59,560	61,774	70,755	(6)		(14)
Other assets	82,743		75,838	78,115	81,383	72,480	9		14
Total assets	$	1,886,400	1,881,020	1,877,719	1,881,141	1,939,709	—		(3)
Liabilities
Noninterest-bearing deposits	$	434,912	458,010	494,594	515,437	529,957	(5)		(18)
Interest-bearing deposits	927,717		925,975	903,557	909,716	951,397	—		(2)
Total deposits	1,362,629		1,383,985	1,398,151	1,425,153	1,481,354	(2)		(8)
Short-term borrowings (1)	81,007		51,145	48,382	37,075	33,601	58		141
Derivative liabilities	16,897		20,067	23,379	17,149	15,489	(16)		9
Accrued expenses and other liabilities	69,181		68,740	72,917	71,675	74,331	1		(7)
Long-term debt (2)	173,466		174,870	156,412	150,291	153,337	(1)		13
Total liabilities	1,703,180		1,698,807	1,699,241	1,701,343	1,758,112	—		(3)
Equity
Wells Fargo stockholders’ equity:
Preferred stock	19,448		19,448	20,057	20,057	20,057	—		(3)
Common stock – $1-2/3 par value, authorized 9,000,000,000 shares; issued 5,481,811,474 shares	9,136		9,136	9,136	9,136	9,136	—		—
Additional paid-in capital	59,946		60,319	60,216	60,024	59,899	(1)		—
Retained earnings	191,688		187,968	186,579	184,439	182,563	2		5
Accumulated other comprehensive income (loss)	(12,572)		(13,362)	(14,303)	(10,568)	(6,799)	6		(85)
Treasury stock (3)	(86,049)		(82,853)	(84,781)	(84,906)	(85,059)	(4)		(1)
Unearned ESOP shares	(429)		(429)	(646)	(646)	(646)	—		34
Total Wells Fargo stockholders’ equity	181,168		180,227	176,258	177,536	179,151	1		1
Noncontrolling interests	2,052		1,986	2,220	2,262	2,446	3		(16)
Total equity	183,220		182,213	178,478	179,798	181,597	1		1
Total liabilities and equity	$	1,886,400	1,881,020	1,877,719	1,881,141	1,939,709	—		(3)

(1)Includes $5.0 billion, $7.0 billion, $9.0 billion, $0.0 billion, and $0.0 billion of Federal Home Loan Bank (FHLB) advances at March 31, 2023, and December 31, September 30, June 30, and March 31, 2022, respectively.

(2)Includes $24.0 billion, $27.0 billion, $10.0 billion, $0.0 billion, and $0.0 billion of FHLB advances at March 31, 2023, and December 31, September 30, June 30, and March 31, 2022, respectively.

(3)Number of shares of treasury stock were 1,718,587,875, 1,648,007,022, 1,686,372,007, 1,688,846,993, and 1,691,916,667 at March 31, 2023, and December 31, September 30, June 30, and March 31, 2022, respectively.

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Wells Fargo & Company and Subsidiaries

AVERAGE BALANCES AND INTEREST RATES (TAXABLE-EQUIVALENT BASIS) (1)


	Quarter ended							Mar 31, 2023 % Change from
($ in millions)	Mar 31, 2023			Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2022		Mar 31, 2022
Average Balances

Assets
Interest-earning deposits with banks	$	114,858		127,854	130,761	146,271	179,051	(10)	%	(36)
Federal funds sold and securities purchased under resale agreements	68,633			65,860	57,432	60,450	64,845	4		6
Trading debt securities	96,405			94,465	91,618	89,258	90,677	2		6
Available-for-sale debt securities	145,894			122,271	127,821	147,138	169,048	19		(14)
Held-to-maturity debt securities	279,955			303,391	305,063	298,101	279,245	(8)		—
Loans held for sale	6,611			9,932	11,458	14,828	19,513	(33)		(66)
Loans	948,651			948,517	945,465	926,567	898,005	—		6
Equity securities	28,651			28,587	29,722	30,770	33,282	—		(14)
Other	11,043			11,932	13,577	16,085	11,498	(7)		(4)
Total interest-earning assets	1,700,701			1,712,809	1,712,917	1,729,468	1,745,164	(1)		(3)
Total noninterest-earning assets	162,975			162,382	167,772	173,103	174,233	—		(6)
Total assets	$	1,863,676		1,875,191	1,880,689	1,902,571	1,919,397	(1)		(3)
Liabilities
Interest-bearing deposits	$	920,226		902,564	902,219	924,526	945,335	2		(3)
Short-term borrowings	58,496			51,246	39,447	35,591	32,758	14		79
Long-term debt	172,567			166,796	158,984	151,230	153,803	3		12
Other liabilities	33,427			33,559	36,217	35,583	31,092	—		8
Total interest-bearing liabilities	1,184,716			1,154,165	1,136,867	1,146,930	1,162,988	3		2
Noninterest-bearing demand deposits	436,468			477,895	505,632	521,267	518,737	(9)		(16)
Other noninterest-bearing liabilities	58,195			60,510	55,148	53,448	51,555	(4)		13
Total liabilities	1,679,379			1,692,570	1,697,647	1,721,645	1,733,280	(1)		(3)
Total equity	184,297			182,621	183,042	180,926	186,117	1		(1)
Total liabilities and equity	$	1,863,676		1,875,191	1,880,689	1,902,571	1,919,397	(1)		(3)

Average Interest Rates

Interest-earning assets
Interest-earning deposits with banks	4.12		%	3.50	2.12	0.88	0.22
Federal funds sold and securities purchased under resale agreements	4.12			3.29	1.73	0.47	(0.05)
Trading debt securities	3.33			3.17	2.75	2.50	2.44
Available-for-sale debt securities	3.54			3.10	2.47	1.91	1.72
Held-to-maturity debt securities	2.55			2.45	2.23	2.06	1.98
Loans held for sale	5.90			5.11	4.18	3.41	2.86
Loans	5.69			5.13	4.28	3.52	3.25
Equity securities	2.39			2.63	2.09	2.51	2.05
Other	4.60			3.57	1.97	0.65	0.12
Total interest-earning assets	4.62			4.16	3.39	2.70	2.38
Interest-bearing liabilities
Interest-bearing deposits	1.22			0.70	0.23	0.07	0.04
Short-term borrowings	3.95			3.15	1.59	0.34	(0.17)
Long-term debt	5.83			5.22	3.90	2.67	1.98
Other liabilities	2.16			2.09	1.89	1.78	1.68
Total interest-bearing liabilities	2.05			1.50	0.84	0.47	0.33

Interest rate spread on a taxable-equivalent basis (2)	2.57			2.66	2.55	2.23	2.05
Net interest margin on a taxable-equivalent basis (2)	3.20			3.14	2.83	2.39	2.16

(1)The average balance amounts represent amortized costs. The interest rates are based on interest income or expense amounts for the period and are annualized, if applicable. Interest rates include the effects of hedge and risk management activities associated with the respective asset and liability categories.

(2)Includes taxable-equivalent adjustments of $107 million, $116 million, $105 million, $108 million, and $107 million for the quarters ended March 31, 2023, and December 31, September 30, June 30, and March 31, 2022, respectively, predominantly related to tax-exempt income on certain loans and securities. The federal statutory tax rate utilized was 21% for the periods presented.

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Wells Fargo & Company and Subsidiaries

COMBINED SEGMENT RESULTS (1)


						Quarter ended March 31, 2023
(in millions)	Consumer Banking and Lending		Commercial Banking	Corporate and Investment Banking	Wealth and Investment Management	Corporate (2)	Reconciling Items (3)	Consolidated Company
Net interest income	$	7,433	2,489	2,461	1,044	16	(107)	13,336
Noninterest income	1,931		818	2,441	2,637	5	(439)	7,393
Total revenue	9,364		3,307	4,902	3,681	21	(546)	20,729
Provision for credit losses	867		(43)	252	11	120	—	1,207
Noninterest expense	6,038		1,752	2,217	3,061	608	—	13,676
Income (loss) before income tax expense (benefit)	2,459		1,598	2,433	609	(707)	(546)	5,846
Income tax expense (benefit)	618		399	615	152	(272)	(546)	966
Net income (loss) before noncontrolling interests	1,841		1,199	1,818	457	(435)	—	4,880
Less: Net income (loss) from noncontrolling interests	—		3	—	—	(114)	—	(111)
Net income (loss)	$	1,841	1,196	1,818	457	(321)	—	4,991

						Quarter ended December 31, 2022
Net interest income	$	7,574	2,357	2,416	1,124	78	(116)	13,433
Noninterest income	1,889		792	1,723	2,571	7	(381)	6,601
Total revenue	9,463		3,149	4,139	3,695	85	(497)	20,034
Provision for credit losses	936		(43)	41	11	12	—	957
Noninterest expense	7,088		1,523	1,837	2,731	3,007	—	16,186
Income (loss) before income tax expense (benefit)	1,439		1,669	2,261	953	(2,934)	(497)	2,891
Income tax expense (benefit)	362		428	569	238	(1,129)	(497)	(29)
Net income (loss) before noncontrolling interests	1,077		1,241	1,692	715	(1,805)	—	2,920
Less: Net income (loss) from noncontrolling interests	—		3	—	—	(238)	—	(235)
Net income (loss)	$	1,077	1,238	1,692	715	(1,567)	—	3,155

						Quarter ended March 31, 2022
Net interest income	$	5,996	1,361	1,990	799	(818)	(107)	9,221
Noninterest income	2,567		966	1,480	2,958	942	(406)	8,507
Total revenue	8,563		2,327	3,470	3,757	124	(513)	17,728
Provision for credit losses	(190)		(344)	(196)	(37)	(20)	—	(787)
Noninterest expense	6,395		1,531	1,983	3,175	767	—	13,851
Income (loss) before income tax expense (benefit)	2,358		1,140	1,683	619	(623)	(513)	4,664
Income tax expense (benefit)	588		280	425	154	(188)	(513)	746
Net income (loss) before noncontrolling interests	1,770		860	1,258	465	(435)	—	3,918
Less: Net income from noncontrolling interests	—		3	—	—	127	—	130
Net income (loss)	$	1,770	857	1,258	465	(562)	—	3,788

(1)The management reporting process is based on U.S. GAAP and includes specific adjustments, such as for funds transfer pricing for asset/liability management, shared revenues and expenses, and taxable-equivalent adjustments to consistently reflect income from taxable and tax-exempt sources, which allows management to assess performance across the operating segments. We define our operating segments by type of product and customer segment.

(2)All other business activities that are not included in the reportable operating segments have been included in Corporate. Corporate includes corporate treasury and enterprise functions, net of allocations (including funds transfer pricing, capital, liquidity and certain expenses), in support of the reportable operating segments, as well as our investment portfolio and affiliated venture capital and private equity businesses. Corporate also includes certain lines of business that management has determined are no longer consistent with the long-term strategic goals of the Company as well as results for previously divested businesses.

(3)Taxable-equivalent adjustments related to tax-exempt income on certain loans and debt securities are included in net interest income, while taxable-equivalent adjustments related to income tax credits for low-income housing and renewable energy investments are included in noninterest income, in each case with corresponding impacts to income tax expense (benefit). Adjustments are included in Corporate, Commercial Banking, and Corporate and Investment Banking and are eliminated to reconcile to the Company’s consolidated financial results.

-8-

Wells Fargo & Company and Subsidiaries

CONSUMER BANKING AND LENDING SEGMENT


	Quarter ended						Mar 31, 2023 % Change from
($ in millions)	Mar 31, 2023		Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2022		Mar 31, 2022
Income Statement
Net interest income	$	7,433	7,574	7,102	6,372	5,996	(2)	%	24
Noninterest income:
Deposit-related fees	672		696	773	779	845	(3)		(20)
Card fees	958		1,025	1,043	1,038	961	(7)		—
Mortgage banking	160		23	212	211	654	596		(76)
Other	141		145	147	107	107	(3)		32
Total noninterest income	1,931		1,889	2,175	2,135	2,567	2		(25)
Total revenue	9,364		9,463	9,277	8,507	8,563	(1)		9
Net charge-offs	589		525	435	358	375	12		57
Change in the allowance for credit losses	278		411	482	255	(565)	(32)		149
Provision for credit losses	867		936	917	613	(190)	(7)		556
Noninterest expense	6,038		7,088	6,758	6,036	6,395	(15)		(6)
Income before income tax expense	2,459		1,439	1,602	1,858	2,358	71		4
Income tax expense	618		362	401	465	588	71		5
Net income	$	1,841	1,077	1,201	1,393	1,770	71		4
Revenue by Line of Business
Consumer and Small Business Banking	$	6,486	6,608	6,232	5,510	5,071	(2)		28
Consumer Lending:
Home Lending	863		786	973	972	1,490	10		(42)
Credit Card	1,305		1,353	1,349	1,304	1,265	(4)		3
Auto	392		413	423	436	444	(5)		(12)
Personal Lending	318		303	300	285	293	5		9
Total revenue	$	9,364	9,463	9,277	8,507	8,563	(1)		9
Selected Balance Sheet Data (average)
Loans by Line of Business:
Consumer and Small Business Banking	$	9,363	9,590	9,895	10,453	10,605	(2)		(12)
Consumer Lending:
Home Lending	222,561		222,546	221,870	218,371	213,714	—		4
Credit Card	38,190		37,152	35,052	32,825	31,503	3		21
Auto	53,676		54,490	55,430	56,813	57,278	(1)		(6)
Personal Lending	14,518		14,219	13,397	12,397	11,955	2		21
Total loans	$	338,308	337,997	335,644	330,859	325,055	—		4
Total deposits	841,265		864,623	888,037	898,650	881,339	(3)		(5)
Allocated capital	44,000		48,000	48,000	48,000	48,000	(8)		(8)

Selected Balance Sheet Data (period-end)
Loans by Line of Business:
Consumer and Small Business Banking	$	9,457	9,704	9,898	10,400	11,006	(3)		(14)
Consumer Lending:
Home Lending	222,012		223,525	222,471	222,088	215,858	(1)		3
Credit Card	38,201		38,475	35,965	34,075	31,974	(1)		19
Auto	53,244		54,281	55,116	56,224	57,652	(2)		(8)
Personal Lending	14,597		14,544	13,902	12,945	12,068	—		21
Total loans	$	337,511	340,529	337,352	335,732	328,558	(1)		3
Total deposits	851,304		859,695	886,991	892,373	909,896	(1)		(6)

-9-

Wells Fargo & Company and Subsidiaries

CONSUMER BANKING AND LENDING SEGMENT (continued)


	Quarter ended							Mar 31, 2023 % Change from
($ in millions, unless otherwise noted)	Mar 31, 2023			Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2022		Mar 31, 2022
Selected Metrics
Consumer Banking and Lending:
Return on allocated capital (1)	16.5		%	8.3	9.4	11.1	14.4
Efficiency ratio (2)	64			75	73	71	75

Retail bank branches (#)	4,525			4,598	4,612	4,660	4,705	(2)	%	(4)
Digital active customers (# in millions) (3)	34.3			33.5	33.6	33.4	33.7	2		2
Mobile active customers (# in millions) (3)	28.8			28.3	28.3	28.0	27.8	2		4

Consumer and Small Business Banking:
Deposit spread (4)	2.5		%	2.4	2.1	1.7	1.6
Debit card purchase volume ($ in billions) (5)	$	117.3		124.0	122.4	125.2	115.0	(5)		2
Debit card purchase transactions (# in millions) (5)	2,369			2,496	2,501	2,517	2,338	(5)		1

Home Lending:
Mortgage banking:
Net servicing income	$	84		94	81	77	116	(11)		(28)
Net gains (losses) on mortgage loan originations/sales	76			(71)	131	134	538	207		(86)
Total mortgage banking	$	160		23	212	211	654	596		(76)

Originations ($ in billions):
Retail	$	5.6		8.2	12.4	19.6	24.1	(32)		(77)
Correspondent	1.0			6.4	9.1	14.5	13.8	(84)		(93)
Total originations	$	6.6		14.6	21.5	34.1	37.9	(55)		(83)

% of originations held for sale (HFS)	46.8		%	60.7	59.2	46.1	51.4
Third party mortgage loans serviced (period-end) ($ in billions) (6)	$	666.8		679.2	687.4	696.9	704.2	(2)		(5)
Mortgage servicing rights (MSR) carrying value (period-end)	8,819			9,310	9,828	9,163	8,511	(5)		4
Ratio of MSR carrying value (period-end) to third party mortgage loans serviced (period-end) (6)	1.32		%	1.37	1.43	1.31	1.21
Home lending loans 30+ days delinquency rate (7)(8)	0.26			0.31	0.29	0.28	0.29

Credit Card:
Point of sale (POS) volume ($ in billions)	$	30.1		32.3	30.7	30.1	26.0	(7)		16
New accounts (# in thousands)	567			561	584	524	484	1		17
Credit card loans 30+ days delinquency rate	2.26		%	2.08	1.81	1.54	1.58
Credit card loans 90+ days delinquency rate	1.16			1.01	0.85	0.74	0.78

Auto: