Wells Fargo sheds FRB asset cap, posts 6% revenue growth as CET1 ratio falls 80bps

Filed April 29, 2026 · Period ending March 31, 2026 · Compared to 10-Q Apr 29, 2025 · ~1 min read

Key Changes

• high

  Federal Reserve terminated 2018 consent order on governance and compliance in March 2026, removing the asset cap that had limited Wells Fargo's balance sheet to Dec 2017 levels. Company can now grow organically.

  MD&A: Regulation and Supervision verify on EDGAR →
• high

  Revenue rose 6% YoY to $21.4B driven by 5% net interest income growth ($601M increase) from lower deposit costs and loan growth, reversing prior year's 6% NII decline.

  MD&A: Financial Performance verify on EDGAR →
• high

  CET1 ratio declined 80bps to 10.29% from 11.09% YoY due to higher risk-weighted assets and capital distributions, though still 180bps above regulatory minimum of 8.50%.

  MD&A: Capital Management verify on EDGAR →