Wells Fargo Shares Drop 4% After Revenue Miss Despite Earnings Beat

Font: Financial Modeling Prep  • Jan 14, 2026

Wells Fargo (NYSE: WFC) reported fourth-quarter 2025 adjusted earnings that topped analyst expectations, but shares fell about 4% intraday on Wednesday after the bank missed revenue estimates.

The lender posted adjusted earnings per share of $1.76, exceeding the consensus forecast of $1.66. Revenue totaled $21.29 billion, however, below analyst expectations of $21.64 billion, though it represented a 4% increase from $20.38 billion a year earlier.

Net income for the quarter was $5.4 billion, or $1.62 per diluted share, which included a $612 million severance charge. Excluding that item, adjusted net income was $5.8 billion.

Net interest income rose 4% year over year to $12.33 billion, while noninterest income increased 5% to $8.96 billion.

Average loans grew 5% year over year to $955.8 billion, and average deposits increased 2% to $1.38 trillion. Credit performance improved as net charge-offs declined 13% from a year earlier to $1.03 billion.

Wells Fargo reported a Common Equity Tier 1 capital ratio of 10.6%, down from 11.1% a year earlier. During the quarter, the bank repurchased 58.2 million shares for a total of $5.0 billion.