Wells Fargo & Company (WFC) Earnings Call Transcripts

Wells Fargo & Company's Latest Earnings Call - Q2 FY2026

In the second quarter of 2026, Wells Fargo & Company (WFC:US) reported a strong performance with diluted earnings per share increasing 25% year-over-year to $2.00 and total revenue growing 9% to $17.2 billion. The bank's net interest income rose 5% and noninterest income surged 13%, reflecting broad-based strength across all operating segments. Management maintained its guidance for full-year net interest income at approximately $50 billion, signaling confidence in continued growth despite some expected net interest margin compression in the near term.

Reported metrics

Guidance from management

Wells Fargo maintained its full-year net interest income guidance at approximately $50 billion, plus or minus, while expecting stronger growth in the second half of the year compared to the first half.

What management said

Yes, sure. I mean look, when you look at what's going to progress for the second half of the year, it's very similar to what we saw last year, right, in terms of the step-up as we went through each of the quarters. you do benefit from an extra day as you sort of go into the third quarter. So you sort of have to account for that. But we expect to see some growth in loans, securities, you get benefit of the fixed asset...

And also keep in mind, Mike's talking about this absent the finalization of the capital rules. And as we've said in the past, the capital rules might not necessarily change that CET1 minimum plus buffers, but it could certainly change what goes into the calculation relative to freeing up capital through the RWA calculation for us.

What analysts pressed on

Analysts expressed concerns regarding the potential for net interest margin compression and the impact of competitive pressures on deposit pricing. There were also questions about the sustainability of loan growth and the timing of achieving the 17% to 18% return on tangible common equity target.

Main topics on the call

• Broad-Based Revenue Growth — Wells Fargo experienced a 9% year-over-year revenue growth, driven by a 5% increase in net interest income and a 13% rise in noninterest income. CEO Charlie Scharf noted, "Growth was broad-based with every one of our ope...
• Strong Loan and Deposit Growth — Average loans increased by 12% and average deposits rose by 10% year-over-year, indicating robust demand across consumer and commercial segments. Scharf stated, "We had strong growth during the first half of this year in...
• Efficiency Initiatives — Wells Fargo's efficiency ratio improved to 60%, down 4 percentage points from a year ago, despite a 2% increase in noninterest expenses. CFO Mike Santomassimo remarked, "We are pleased to see the continued execution of o...
• Capital Return Strategy — The bank returned over $9.8 billion to shareholders in the first half of 2026, including $7 billion in share repurchases. Scharf indicated, "We returned over $9.8 billion of capital to shareholders in the first half of t...

Read the full Wells Fargo & Company transcript (Q2 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 70 Wells Fargo & Company earnings call transcripts on record, spanning January 14, 2020 to July 14, 2026. Based on this history, Wells Fargo & Company reports quarterly. The most recent call on file is dated July 14, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

WFC

Exchange

NYSE

Country

US

Sector

Financials

Industry

Banks

Calls on record

70

First call

January 14, 2020

Most recent

July 14, 2026

Reporting cadence

quarterly