net income $5.25B. Wells Fargo Q1 2026: FRB asset cap lifted; net income +7% YoY; CET1 ratio falls 80bp to 10.29%

Filed April 29, 2026 · Period ending March 31, 2026 · Compared to 10-Q Apr 29, 2025 · ~2 min read

Key Changes

• high

  Federal Reserve terminated the 2018 consent order and asset cap on March 5, 2026, removing the constraint that limited total assets to December 31, 2017 levels and unlocking balance-sheet growth capacity.

  MD&A: Regulatory Actions verify on EDGAR →
• high

  CET1 ratio declined from 11.09% to 10.29% year-over-year (80 basis points) as the company deployed $4.0 billion to share repurchases; regulatory minimum fell from 9.80% to 8.50% on improved stress-test results.

  Notes: Regulatory Capital verify on EDGAR →
• high

  Commercial and industrial loans grew $91.4 billion (23%) year-over-year to $481.9 billion, driving a 10% increase in average loans and reversing the prior year's portfolio decline.

  Notes: Loans Outstanding verify on EDGAR →