---
schema_version: "secwatch.filing_event.v1"
accession: "0000072971-23-000003"
form_type: "8-K"
ticker: "WFC"
cik: "0000072971"
company_name: "WELLS FARGO & COMPANY/MN"
filed_at: "2023-01-13T23:59:59+00:00"
generated_at: "2026-06-20T15:41:13.061687+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Wells Fargo Q4 2022 net income $2.9B, EPS $0.67, includes $0.70/share litigation charge

## Summary
- Net income $2.9B, diluted EPS $0.67; includes ($0.70)/share impact from litigation, regulatory, customer remediation.
- Total revenue $19.66B vs $20.86B YoY, down 5.7%.
- Operating losses of $3.3B from historical matters; $1.0B equity impairment in venture capital.
- CET1 ratio 10.6% vs 11.4% prior year; provision for credit losses $957M vs ($452M) YoY.
- CEO cites CFPB settlement progress; underlying performance improved on rising rates.

## SEC filing metadata
- accession: 0000072971-23-000003
- form_type: 8-K
- ticker: WFC
- cik: 0000072971
- company_name: WELLS FARGO & COMPANY/MN
- filed_at: 2023-01-13T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/72971/000007297123000003/0000072971-23-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/72971/000007297123000003/wfc-20230113.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000072971-23-000003
- JSON: https://secwatch.observer/filing/0000072971-23-000003.json
- Plain text: https://secwatch.observer/filing/0000072971-23-000003.txt

## Key facts
- Earnings Releases
  WELLS FARGO & COMPANY/MN reported quarter ended December 31, 2022 results: revenue $19,660, net income 2,864, EPS 0.67.
  - Period: quarter ended December 31, 2022
  - Revenue: $19,660
  - Net income: 2,864
  - EPS: 0.67
  - Result: reported results
  source text: remediation matters Company-wide Financial Summary Quarter ended Dec 31, 2022 Dec 31, 2021 Selected Income Statement Data ($ in millions except per share amounts) Total revenue $ 19,660 20,856 Noninterest expense 16,202 13,198 Provision for credit losses 957 (452) Net income 2,864 5,750 Diluted earnings per common share 0.67 1.38 Selected Balance Sheet Data ($ in
  evidence_url: https://www.sec.gov/Archives/edgar/data/72971/000007297123000003/0000072971-23-000003-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.