---
schema_version: "secwatch.filing_event.v1"
accession: "0000072971-23-000126"
form_type: "8-K"
ticker: "WFC"
cik: "0000072971"
company_name: "WELLS FARGO & COMPANY/MN"
filed_at: "2023-07-14T23:59:59+00:00"
generated_at: "2026-06-13T08:30:25.896180+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Wells Fargo Q2 net income $4.9B ($1.25 EPS), revenue $20.5B, repurchased $4B in stock

## Summary
- Revenue $20,533M vs $17,040M Q2 2022; net income up 57% to $4,938M from $3,142M.
- Provision for credit losses $1,713M (incl. $949M increase in allowance, mainly office CRE).
- CET1 ratio 10.7%, 1.5pp above current regulatory minimum; repurchased 100.2M shares ($4B).
- Avg loans $945.9B (+2% YoY); avg deposits $1,347.4B (-7% YoY, driven by WIM and Commercial).
- ROE 11.4% vs 7.2%; ROTCE 13.7% vs 8.7%; CEO cites strong NII, higher charge-offs expected.

## SEC filing metadata
- accession: 0000072971-23-000126
- form_type: 8-K
- ticker: WFC
- cik: 0000072971
- company_name: WELLS FARGO & COMPANY/MN
- filed_at: 2023-07-14T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/72971/000007297123000126/0000072971-23-000126-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/72971/000007297123000126/wfc-20230714.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000072971-23-000126
- JSON: https://secwatch.observer/filing/0000072971-23-000126.json
- Plain text: https://secwatch.observer/filing/0000072971-23-000126.txt

## Key facts
- Earnings Releases
  WELLS FARGO & COMPANY/MN reported the quarter ended June 30, 2023 results: revenue $20.5 billion, net income $4.9 billion, EPS $1.25 per diluted share.
  - Period: the quarter ended June 30, 2023
  - Revenue: $20.5 billion
  - Net income: $4.9 billion
  - EPS: $1.25 per diluted share
  - Result: preliminary results
  source text: We reported solid results in the second quarter, with net income of $4.9 billion and revenue of $20.5 billion.
  evidence_url: https://www.sec.gov/Archives/edgar/data/72971/000007297123000126/0000072971-23-000126-index.htm

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