---
schema_version: "secwatch.filing_event.v1"
accession: "0000072971-23-000158"
form_type: "8-K"
ticker: "WFC"
cik: "0000072971"
company_name: "WELLS FARGO & COMPANY/MN"
filed_at: "2023-10-13T23:59:59+00:00"
generated_at: "2026-06-10T00:19:55.232527+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Wells Fargo Q3 net income $5.8B, EPS $1.48; revenue $20.9B, up 6.6% YoY

## Summary
- Net income $5.8B ($1.48 diluted EPS) vs $3.6B ($0.86) a year ago; revenue $20.86B vs $19.57B.
- CET1 ratio 11.0% (210 bps above new regulatory minimum); repurchased 33.8M shares for $1.5B.
- Common dividend raised 17%; CEO cites strong capital position and priority on returning excess capital.
- Provision for credit losses $1.2B vs $784M YoY; average loans $943.2B, down $2.3B YoY.
- Includes $349M discrete tax benefit; sold ~$2B private equity investments with minimal income impact.

## SEC filing metadata
- accession: 0000072971-23-000158
- form_type: 8-K
- ticker: WFC
- cik: 0000072971
- company_name: WELLS FARGO & COMPANY/MN
- filed_at: 2023-10-13T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/72971/000007297123000158/0000072971-23-000158-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/72971/000007297123000158/wfc-20231013.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000072971-23-000158
- JSON: https://secwatch.observer/filing/0000072971-23-000158.json
- Plain text: https://secwatch.observer/filing/0000072971-23-000158.txt

## Key facts
- Earnings Releases
  WELLS FARGO & COMPANY/MN reported the quarter ended September 30, 2023 results: revenue $20,857, net income $5,767, EPS $1.48.
  - Period: the quarter ended September 30, 2023
  - Revenue: $20,857
  - Net income: $5,767
  - EPS: $1.48
  - Result: reported results
  source text: per Diluted Share Company-wide Financial Summary Quarter ended Sep 30, 2023 Sep 30, 2022 Selected Income Statement Data ($ in millions except per share amounts) Total revenue $ 20,857 19,566 Noninterest expense 13,113 14,306 Provision for credit losses 1 1,197 784 Net income 5,767 3,592 Diluted earnings per common share 1.48 0.86 Selected Balance Sheet Data ($
  evidence_url: https://www.sec.gov/Archives/edgar/data/72971/000007297123000158/0000072971-23-000158-index.htm

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