8-KOther Events

WELLS FARGO & COMPANY/MN 8-K Report, Corporate Update (Jan 29, 2026)

Filed January 29, 2026For Securities:WFCWFC-PDWFC-PCWFC-PYWFC-PAWFC-PLWFCNPWFC-PZ

Summary

Wells Fargo & Company/MN (WFC) has filed an 8-K detailing the total compensation approved for its Chairman and CEO, Charles W. Scharf, for the 2025 performance year. The Board of Directors, on the recommendation of the Human Resources Committee, approved a total compensation package of $40 million. This decision was based on a comprehensive review of both company-wide and individual performance against financial and non-financial metrics, highlighting Mr. Scharf's leadership in key strategic areas. Key achievements cited include significant regulatory progress, such as closing consent orders and the Federal Reserve's removal of the asset cap, alongside improved financial results. The company reported a net income of $21.3 billion and a 17% increase in diluted EPS. Revenue grew by 5%, with strong contributions from both consumer and commercial segments. The company also maintained disciplined expense management while investing in technology and talent, returned substantial capital to shareholders, and saw an increase in return on equity. These efforts are beginning to yield benefits from long-term investments, positioning WFC for future growth and enhanced returns.

Key Highlights

  • 1CEO Charles W. Scharf's total compensation for 2025 approved at $40 million.
  • 2Compensation based on rigorous assessment of company and individual performance against financial and non-financial criteria.
  • 3Significant regulatory progress achieved, including closing 7 consent orders and removal of the Federal Reserve's asset cap.
  • 4Net income for 2025 reached $21.3 billion, with diluted EPS growing 17% year-over-year.
  • 5Fee-based revenue increased 5% year-over-year.
  • 6Approximately $23 billion in capital returned to shareholders, including a 13% dividend increase and $18 billion in share repurchases.
  • 7Return on Equity (ROE) improved to 12.4% in 2025 from 11.4% in 2024.

Frequently Asked Questions

Charles W. Scharf's total compensation for the 2025 performance year was approved at $40 million. This consists of a $2.5 million base salary and $37.5 million in variable compensation, split between $9.375 million in cash and $28.125 million in long-term equity awards.

The CEO's compensation was determined by the Board based on the Human Resources Committee's recommendation, following a comprehensive evaluation of Company and individual performance. Key factors included achievements in regulatory milestones, financial performance (net income and EPS growth), revenue growth, expense management, capital returns to shareholders, improved ROE, realization of benefits from strategic investments, and leadership team development.

For 2025, Wells Fargo reported a net income of $21.3 billion, a 17% increase in diluted earnings per share, and a 5% increase in fee-based revenue. The company also saw its Return on Equity (ROE) rise to 12.4% and is beginning to see positive results from its multi-year investment strategy, including stronger new account growth and higher deposit and loan balances.

Wells Fargo returned approximately $23 billion of capital to shareholders in 2025. This included a 13% increase in its quarterly common stock dividend and $18 billion in common stock repurchases.