Wells Fargo & Company (NYSE:WFC) reported a net interest income of $11.95 billion on Tuesday, up 2% year over year in the third quarter of 2025.

The growth was driven by fixed-rate asset repricing, improved results in the Markets business, and higher investment securities and loan balances, partially offset by changes in the deposit mix.

Noninterest income increased 9% to $9.49 billion, driven by higher asset-based fees in Wealth and Investment Management, as well as increased market valuations and investment banking fees.

The bank reported earnings of $1.66 per share, beating the consensus of $1.54. The bank reported an adjusted earnings per share of $1.73, which beat the analyst consensus of $1.54. Adjusted EPS excludes about 7 cents of severance expenses.

Revenue increased 5% year over year to $21.44 billion. Analysts expected $21.15 billion.

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