富国银行 2025年度报告

(Exact name of registrant as specified in its charter) Dividend Equalization Preferred Shares, no par value Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule405 of the SecuritiesAct.YesNo Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filingrequirements for the past 90 days.YesNo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 ofRegulation S-T (§ 232.405 of this chapter)during the preceding 12 months (or for such shorter period that the registrant was required to submit suchfiles).YesNo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or anemerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth Large accelerated filerAccelerated filer☐Non-accelerated filer☐Smaller reporting company☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any newor revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in thefiling reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensationreceived by any of the registrant’s executive officers during the relevant recovery period pursuant to § 240.10D-1(b). At June30, 2025, the aggregate market value of common stock held by non-affiliates was approximately $257.3 billion, based on a closing price of$80.12. At February13, 2026, 3,085,635,641 shares of common stock were outstanding. Documents Incorporated by Reference Incorporated DocumentsWhere incorporated in Form 10-K1. Portions of the Company’s Annual Report to Shareholders for the year ended December31, 2025(“2025 Annual Report to Shareholders”)Part I – Items 1, 1A, 1C and 3; Part II – Items 5, 7, 7A, 8 and 9A; andPart IV– Item 152. Portions of the Company’s Proxy Statement for the 2026 Annual Meeting of Shareholders(“2026Proxy Statement”)Part III – Items 10, 11, 12, 13 and 14 PART I. Human Capital Our people are what set Wells Fargo apart and are critical to oursuccess. Wells Fargo continues to invest in our employees byoffering market-competitive compensation, career-developmentopportunities, a broad array of benefits, and strong work-lifeprograms. We want to be recognized as a great company for ITEM 1. Wells Fargo & Company is a corporation organized under thelaws of Delaware and a financial holding company and a bankholding company registered under the Bank Holding CompanyAct of 1956, as amended (BHC Act). Its principal business is toact as a holding company for its subsidiaries. References in thisreport to “the Parent” mean the holding company. References to At December 31, 2025, we had approximately 205,000 activeemployees, with approximately 76% based in the United States.Our global workforce was 50% female and 50% male. In the At December 31, 2025, we had assets of approximately$2.1trillion, loans of $986.2 billion, deposits of $1.4trillion andstockholders’ equity of $181.1billion. Based on assets, we werethe fourth largest bank holding company in the United States. AtDecember 31, 2025, Wells Fargo Bank, N.A. (the Bank) was the Compensation and benefits.Wells Fargo's compensationprogram is linked to performance management and is designed Pay for performance: Compensation is linked to company,line of business, and individual performance, includingmeeting regulatory expectations and creating long-termvalue consistent with the interests of shareholders.Promote effective risk management: Compensationpromotes effective risk management and discourages Our annual reports on Form 10-K, quarterly reports onForm 10-Q, current reports on Form 8-K, and amendments to www.wellsfargo.com/about/investor-relations/filings as soon asreasonably practicable after they are electronically filed with orfurnished to the Securities and Exchange Commission (SEC).They are also available for free on the SEC’s website atwww.sec.gov .1 DESCRIPTION OF BUSINESS General In addition, we offer eligible employees and dependents acomprehensive set of benefits designed to support their physical, We are a leading financial services company that provides adiversified set of banking