1、 2024 WellsFargo Bank,N.A.All rights reserved.1Q24 Financial Results April12,2024 21Q24 Financial Results 1Q24 results Financial Results ROE:10.5%ROTCE:12.3%1 Efficiency ratio:69%2 Credit Quality Capital and Liquidity CET1 ratio:11.2%7 LCR:126%8 TLAC ratio:25.1%9 Provision for credit losses6 of$938

2、million Total net loan charge-offs of$1.1 billion,up$545 million,with net loan charge-offs of 0.50%of average loans(annualized)Allowance for credit losses for loans of$14.9 billion,up$1.2 billion Common Equity Tier 1(CET1)capital7 of$136.7 billion CET1 ratio7 of 11.2%under the Standardized Approach

3、and 12.4%under the Advanced Approach Liquidity coverage ratio(LCR)8 of 126%Net income of$4.6 billion,or$1.20 per diluted common share,included:($284)million,or($0.06)per share,of additional expense for the estimated Federal Deposit Insurance Corporation(FDIC)special assessment3 Revenue of$20.9 billi

4、on,up 1%Net interest income of$12.2 billion,down 8%Noninterest income of$8.6 billion,up 17%Noninterest expense of$14.3 billion,up 5%Pre-tax pre-provision profit4 of$6.5 billion,down 7%Effective income tax rate of 17.3%5 Average loans of$928.1 billion,down 2%Average deposits of$1.3 trillion,down 1%Co

5、mparisons in the bullet points are for 1Q24 versus 1Q23,unless otherwise noted.Endnotes are presented starting on page 17.3 1Q24 Financial Results 1Q24 earnings Quarter ended$Change from$in millions,except per share data 1Q24 4Q23 1Q23 4Q23 1Q23 Net interest income$12,227 12,771 13,336($544)(1,109)N

6、oninterest income 8,636 7,707 7,393 929 1,243 Total revenue 20,863 20,478 20,729 385 134 Net charge-offs 1,157 1,258 564(101)593 Change in the allowance for credit losses(219)24 643(243)(862)Provision for credit losses1 938 1,282 1,207(344)(269)Noninterest expense 14,338 15,786 13,676(1,448)662 Pre-