WFC · News · 20261014N

Credit Loss Provisions

WELLS FARGO & COMPANY/MN · 2026-10-14 · Importance 32 · Surprise 24

Wells Fargo increased its third-quarter provision for credit losses to $1.03 billion. The provision exceeded the $998 million materiality threshold and reflects increased expected credit costs. Current consumer and commercial borrower behavior remained resilient, with low early-stage delinquencies and decreased charge-off ratios. Management nevertheless expects consumer credit to weaken eventually as inflation, higher interest rates, and elevated living costs pressure lower-income households.

Key facts

• Wells Fargo raised its credit loss provision to $1.03B in Q3. source