WFCWells Fargo

Financials · Banks · NYSE, OTC

Wells Fargo & Company is a corporation organized under the laws of Delaware and a financial holding company and a bank holding company registered under the Bank Holding Company Act of 1956, as amended (BHC Act). 10-K, Item 1

Headquarters: San Francisco, CA
Next results: around Jan 13, 2027

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Dilution: new shares, stock pay and buybacks

prospectuses (S-3, 424B) of the last three years and the 10-K cash flow From EDGAR

Shares offered

Since Nov 11, 2023: 4 shelf registrations; also 2 debt shelfs.

Aug 26, 2025 Shelf registration: shares and other securities, amount not fixed S-3/A
Jun 6, 2025 Shelf registration: shares and other securities, amount not fixed S-3
Mar 20, 2024 Shelf registration: shares and other securities, amount not fixed S-3/A
Feb 28, 2024 Shelf registration: shares and other securities, amount not fixed S-3

Every offering filing →

Paid in stock

$1.5B

stock-based pay, year to Dec 31, 2025

Bought back

$17.5B

cash paid for its own shares, year to Dec 31, 2025: 11.9× the stock pay

Diluted shares: 3.24B in the year to Dec 31, 2025 2025 -6.5%2024 -6.8%2023 -3.0%2022 -6.3%

Change in the diluted weighted average share count from the fiscal year before, stock splits taken out. Bars use one scale for stock pay and buybacks. Prospectuses are read from their cover page; preliminary ones are left out. Cash & buybacks, year by year → · How

No cash flow chart for banks and insurers: their operating cash flow moves with loans, deposits and trading, so it says little about how cash was spent.

Buybacks, year to Dec 31, 2025

$17.5B

cash paid for its own shares

Paid in stock to employees

$1.5B

buybacks were 11.9× this

Share count, 1 year

-6.5%

fewer shares: each share owns more

Share count, 3 years

-15.5%

diluted average shares

Fiscal year to	Buybacks	Dividends	Stock pay	Shares issued for cash	Diluted shares
2025-12-31	$17.5B	$5.4B	$1.5B	-	3.24B
2024-12-31	$19.4B	$5.1B	$1.3B	-	3.47B
2023-12-31	$11.9B	$4.8B	$1.1B	-	3.72B
2022-12-31	$6.0B	$4.2B	$978.0M	-	3.84B
2021-12-31	$14.5B	$2.4B	$1.0B	-	4.10B

From the XBRL of the 10-Ks (cash flow statement and diluted weighted average shares); each year as reported in the latest 10-K that includes it. Concepts: buybacks = PaymentsForRepurchaseOfCommonStock; dividends = PaymentsOfDividendsCommonStock; sbc = ShareBasedCompensation; diluted_shares = WeightedAverageNumberOfDilutedSharesOutstanding.

Work on WFC in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/WFC/export.csv") into a cell.