Wells Fargo & Company (WFC$L)

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Financial statements

data from SEC XBRL filings. Values are as-reported; restatements supersede originals.

From 10-Q filed 2026-04-29 (period ending 2026-03-31).

Table 2.1 provides the amortized cost, net of the allowance for credit losses (ACL) for debt securities, and fair value by major categories of available-for-sale (AFS) debt securities, which are carried at fair value, and held-to-maturity (HTM) debt securities, which are carried at amortized cost, net of the ACL. The net unrealized gains (losses) for AFS debt securities are reported as a component of accumulated other comprehensive income (AOCI), net of the ACL and applicable income taxes. Information on debt securities held for trading is included in Note 17 (Revenue and Expenses). For both AFS and HTM debt securities, amortized cost is the unpaid principal amount, net of unamortized basis

adjustments. Basis adjustments may include purchase premiums or discounts, fair value hedge accounting basis adjustments, fair value write-downs related to recognition of intent to sell, impairment losses, and charge-offs or recoveries of amounts deemed uncollectible.

Outstanding balances exclude accrued interest receivable on AFS and HTM debt securities, which is included in other assets. See Note 5 (Intangible Assets and Other Assets) for additional information on accrued interest receivable. Amounts considered to be uncollectible are reversed through interest income.

Table 2.1: Available-for-Sale and Held-to-Maturity Debt Securities Outstanding

(in millions)	Amortized cost, net (1)		Gross unrealized gains	Gross unrealized losses	Net unrealized gains (losses)	Fair value
March 31, 2026
Available-for-sale debt securities:
Securities of U.S. Treasury and federal agencies	$	57,824	116	(253)	(137)	57,687
Securities of U.S. states and political subdivisions (2)	10,278		23	(358)	(335)	9,943
Federal agency mortgage-backed securities	147,913		794	(3,885)	(3,091)	144,822
Non-agency mortgage-backed securities (3)	1,868		2	(12)	(10)	1,858
Collateralized loan obligations	8,210		3	(8)	(5)	8,205
Other debt securities	307		54	(3)	51	358
Total available-for-sale debt securities, excluding portfolio level basis adjustments	226,400		992	(4,519)	(3,527)	222,873
Portfolio level basis adjustments (4)	(41)				41	—
Total available-for-sale debt securities	226,359		992	(4,519)	(3,486)	222,873
Held-to-maturity debt securities:
Securities of U.S. Treasury and federal agencies	3,799		—	(1,767)	(1,767)	2,032
Securities of U.S. states and political subdivisions	17,400		1	(3,471)	(3,470)	13,930
Federal agency mortgage-backed securities	175,626		52	(27,647)	(27,595)	148,031
Non-agency mortgage-backed securities (3)	1,522		73	(41)	32	1,554
Collateralized loan obligations	4,016		10	—	10	4,026
Other debt securities	1,717		9	(1)	8	1,725
Total held-to-maturity debt securities	204,080		145	(32,927)	(32,782)	171,298
Total	$	430,439	1,137	(37,446)	(36,268)	394,171
December 31, 2025
Available-for-sale debt securities:
Securities of U.S. Treasury and federal agencies	$	51,738	308	(237)	71	51,809
Securities of U.S. states and political subdivisions (2)	10,706		34	(343)	(309)	10,397
Federal agency mortgage-backed securities	142,022		1,447	(3,389)	(1,942)	140,080
Non-agency mortgage-backed securities (3)	2,141		3	(18)	(15)	2,126
Collateralized loan obligations	7,895		11	(2)	9	7,904
Other debt securities	1,198		61	(2)	59	1,257
Total available-for-sale debt securities, excluding portfolio level basis adjustments	215,700		1,864	(3,991)	(2,127)	213,573
Portfolio level basis adjustments (4)	75				(75)	—
Total available-for-sale debt securities	215,775		1,864	(3,991)	(2,202)	213,573
Held-to-maturity debt securities:
Securities of U.S. Treasury and federal agencies	3,797		—	(1,747)	(1,747)	2,050
Securities of U.S. states and political subdivisions	17,476		2	(3,270)	(3,268)	14,208
Federal agency mortgage-backed securities	178,882		79	(27,353)	(27,274)	151,608
Non-agency mortgage-backed securities (3)	1,497		82	(39)	43	1,540
Collateralized loan obligations	4,655		19	—	19	4,674
Other debt securities	1,716		7	(6)	1	1,717
Total held-to-maturity debt securities	208,023		189	(32,415)	(32,226)	175,797
Total	$	423,798	2,053	(36,406)	(34,428)	389,370

(1)Represents amortized cost of the securities, net of the ACL of $5 million and $23 million related to AFS debt securities at March 31, 2026, and December 31, 2025, respectively, and $93 million and $95 million related to HTM debt securities at March 31, 2026, and December 31, 2025, respectively.

(2)Includes investments in tax-exempt preferred debt securities issued by investment funds or trusts that predominantly invest in tax-exempt municipal securities. The amortized cost, net of the ACL, and fair value of these types of securities, was $2.5 billion at both March 31, 2026, and December 31, 2025.

(3)Predominantly consists of commercial mortgage-backed securities at both March 31, 2026, and December 31, 2025.

(4)Represents fair value hedge basis adjustments related to active portfolio layer method hedges of AFS debt securities, which are not allocated to individual securities in the portfolio. For additional information, see Note 10 (Derivatives).

Wells Fargo & Company

Table 2.2 details the breakout of purchases of HTM debt securities by major category of security. There were no transfers to HTM debt securities during the periods presented below.

Table 2.2: Held-to-Maturity Debt Securities Purchases

	Quarter ended March 31,
(in millions)		2026		2025
Purchases of held-to-maturity debt securities (1):
Non-agency mortgage-backed securities		$	35	86
Total purchases of held-to-maturity debt securities		$	35	86

(1)Inclusive of non-cash purchases from securitization of loans held for sale (LHFS).

Table 2.3 shows the composition of interest income, provision for credit losses, and gross realized gains and losses

from sales and impairment write-downs, if any, included in earnings related to AFS and HTM debt securities (pre-tax).

Table 2.3: Income Statement Impacts for Available-for-Sale and Held-to-Maturity Debt Securities

	Quarter ended March 31,
(in millions)		2026		2025
Interest income:
Available-for-sale		$	2,385	1,942
Held-to-maturity		1,159		1,379
Total interest income		3,544		3,321
Provision for credit losses:
Available-for-sale		—		(1)
Held-to-maturity		(4)		8
Total provision for credit losses		(4)		7
Realized gains and losses (1):
Gross realized gains		68		2
Gross realized losses		(68)		(116)
Impairment write-downs		—		(33)
Net realized losses		$	—	(147)

(1)Realized gains and losses relate to AFS debt securities. There were no realized gains or losses from HTM debt securities in all periods presented.

Wells Fargo & Company

Note 2: Available-for-Sale and Held-to-Maturity Debt Securities (continued)

Credit Quality

We monitor credit quality of debt securities by evaluating various attributes and utilize such information in our evaluation of the appropriateness of the ACL for debt securities. The credit quality indicators that we most closely monitor include credit ratings and delinquency status and are based on information as of our financial statement date.

CREDIT RATINGS. Credit ratings express opinions about the credit quality of a debt security. We determine the credit rating of a security according to the lowest credit rating made available by national recognized statistical rating organizations (NRSROs). Debt securities rated investment grade (those with ratings similar to BBB-/Baa3 or above) as defined by NRSROs, are generally considered by the rating agencies and market

participants to be low credit risk. Conversely, debt securities rated below investment grade, labeled as “speculative grade” by the rating agencies, are considered to be distinctively higher credit risk than investment grade debt securities. For debt securities not rated by NRSROs, we determine an internal credit grade of the debt securities (used for credit risk management purposes) equivalent to the credit ratings assigned by major credit agencies. Substantially all of our debt securities were rated by NRSROs at March 31, 2026, and December 31, 2025.

Table 2.4 shows the percentage of fair value of AFS debt securities and amortized cost of HTM debt securities determined to be rated investment grade, inclusive of securities rated based on internal credit grades.

Table 2.4: Investment Grade Debt Securities

	Available-for-Sale				Held-to-Maturity
($ in millions)	Fair value		% investment grade		Amortized cost		% investment grade
March 31, 2026
Total portfolio (1)	$	222,873	99	%	$	204,173	99	%
Breakdown by category:
Securities of U.S. Treasury and federal agencies (2)	$	202,509	100	%

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Held by

holders ( registered funds via N-PORT, institutional investors via 13F). Showing top by dollar value.

Holder	Type	ETF	MF	Position ($)	% of holder	Δ % of holder	Holder AUM

Next expected filings

~2026-08-05 10-Q expected by 2026-08-16 (in 96 days)
~2026-10-31 10-Q expected by 2026-11-11 (in 183 days)
~2027-02-23 10-K expected by 2027-04-13 (in 298 days)
~2027-04-29 10-Q expected by 2027-05-10 (in 363 days)

Predicted from historical filing cadence; not an SEC commitment.

Recent SEC filings

2026-04-30 8-K Officer/Director Change; Shareholder Vote Results; Financial Statements and Exhibits
2026-04-29 10-Q Quarterly Report
2026-04-29 424B2 Prospectus Supplement
2026-04-23 424B2 Prospectus Supplement
2026-04-20 424B2 Prospectus Supplement
2026-04-20 424B2 Prospectus Supplement
2026-04-20 424B2 Prospectus Supplement
2026-04-20 424B2 Prospectus Supplement
2026-04-14 8-K Earnings Release; Regulation FD Disclosure; Financial Statements and Exhibits
2026-02-25 8-K Other Events; Financial Statements and Exhibits
2026-02-24 10-K Annual Report
2026-02-13 S-3/A REGISTRATION STATEMENT
2026-01-29 8-K Other Events
2026-01-22 8-K Other Events; Financial Statements and Exhibits
2026-01-22 S-3 REGISTRATION STATEMENT

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