What were Wells Fargo's (NYSE:WFC) net income and earnings per share (EPS) for Q1 2026?

Wells Fargo reported net income of $5.3 billion and diluted earnings per share (EPS) of $1.60 for Q1 2026, narrowly beating the Wall Street consensus estimate of $1.58.

How did Wells Fargo's total revenue perform in Q1 2026?

Wells Fargo's total revenue for Q1 2026 reached $21.45 billion, up from $20.15 billion in the same period last year. However, it slightly missed analysts' expectations of $21.76 billion.

Why did Wells Fargo's revenue miss analysts' expectations despite a year-over-year increase?

The slight revenue miss was due to a slowdown in the mortgage sector and rising credit costs, which offset the impact of historically elevated lending margins and higher interest rates.

What factors helped Wells Fargo overcome the revenue miss in Q1 2026?

Wells Fargo’s performance was bolstered by stable net interest income (NII) and disciplined cost management, which helped the bank navigate a complex environment with rising credit costs and increased competition for deposits.

How did higher interest rates affect Wells Fargo’s Q1 2026 performance?

Higher interest rates contributed to stable net interest income (NII) for Wells Fargo, helping the bank maintain profitability despite the softening in total revenue and challenges in other sectors.

Wells Fargo profit hits $5.3B in Q1 as earnings per share top estimates

Written by Mahathir BayenaPublished Apr. 14 2026Last Updated Apr. 14 2026

Wells Fargo (NYSE:WFC) reported first-quarter 2026 net income of $5.3 billion on Tuesday, as higher interest rates and disciplined cost management helped the lender overcome a slight softening in total revenue.

The bank posted diluted earnings per share (EPS) of $1.60, narrowly beating the Wall Street consensus estimate of $1.58.

Total revenue for the quarter reached $21.45 billion, up from $20.15 billion in the same period last year.

Despite the year-over-year increase, the figure came in slightly below the $21.76 billion analysts had anticipated.

The modest revenue miss reflects a complex environment for large lenders, who are navigating a slowdown in the mortgage sector and rising credit costs even as lending margins remain historically elevated.

The San Francisco-based bank’s performance was bolstered by stable net interest income (NII), though the company has faced increasing competition for deposits.