Please read Legal Disclaimers before using or relying on information on or available through this site. Information for the 2003 SIP is included in the table above under the plan category for equity compensation plans not approved by security holders. Stock options, stock, SARs, restricted stock, RSRs, performance shares, performance units. We provide retail, commercial and corporate banking services through banking locations and offices, the internet and other distribution channels to individuals, businesses and institutions in all 50 states, the District of Columbia and in other countries. Non-Qualified Deferred Compensation Plan for Independent Contractors, Norwest Corporation Directors' Formula Stock Award Plan, Norwest Corporation Directors' Stock Deferral Plan. The Company's Code of Ethics and Business Conduct applicable to team members (including executive officers) as well as directors, the Company's corporate governance guidelines, and the charters for the Audit and Examination, Governance and Nominating, Human Resources, Corporate Responsibility, Credit, Finance, and Risk Committees are available at www.wellsfargo.com/about/corporate/governance . Annual stock financials by MarketWatch. That information is incorporated into this item by reference. Senior Executive Vice President (Wholesale Banking) since November 2016; Executive Vice President (Commercial Banking Services Group) from January 2016 to November 2016; Executive Vice President (Commercial Banking, f/k/a Middle Market Banking) from May 2009 to January 2016. The Riegle-Neal Act also authorizes banks to merge across state lines, subject to the same deposit limits noted above, thereby creating interstate branches. Prior notice to the FRB may be required, however, if the company to be acquired has total consolidated assets of $10 billion or more. 357. views. Under the Riegle-Neal Interstate Banking and Branching Act (Riegle-Neal Act), a bank holding company may acquire banks in states other than its home state, subject to any state requirement that the bank has been organized and operating for a minimum period of time, not to exceed five years, and the requirement that the bank holding company not control, prior to or following the proposed acquisition, more than 10% of the total amount of deposits of insured depository institutions nationwide or, unless the acquisition is the bank holding company's initial entry into the state, more than 30% of such deposits in the state (or such lesser or greater amount set by the state). Many of our nonbank subsidiaries are also subject to regulation by the FRB and other applicable federal and state agencies. Read more. Amendment to Deferred Compensation Plan, effective January 1, 2015. The Dodd-Frank Act gave the FDIC greater discretion to manage the DIF, changed the assessment base from domestic deposits to consolidated average assets less average tangible equity, and mandated a minimum Designated Reserve Ratio (reserve ratio or DRR) of 1.35%. Amendment to Directors Stock Compensation and Deferral Plan, effective January 1, 2013. That information is incorporated into this item by reference. Moreover, federal banking regulators have finalized a rule that enhances the. Subsidiary Banks. Incorporated by reference to Exhibit (99) to Wachovia Corporation's Current Report on Form 8-K filed January 5, 2005. Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Norwest Corporation Directors' Formula Stock Award Plan . Cancel Continue Annual Report 2006 - Wells Fargo History Cancel Continue Annual Report 2007 - Wells Fargo History Annual Report. Share We continue to work toward becoming the most customer-focused, efficient, and innovative Wells Fargo … That information is incorporated into this item by reference. Investment products and services are offered through Wells Fargo Advisors. Incorporated by reference to Exhibit 10(d) to the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2011. Mr. Pelos has served with the Company or its predecessors for 29 years. Amended and Restated Wachovia Corporation Savings Restoration Plan. Amendment to Amended and Restated Wachovia Corporation 2003 Stock Incentive Plan, effective February 24, 2009. Senior Executive Vice President (Consumer Lending) since November 2016; Executive Vice President (Home Lending) from October 2015 to November 2016; Executive Vice President (Mortgage Production) from March 2011 to September 2015. For financial reporting, their fiscal year ends on December 31st. Additional information in response to this Item 2 can be found in the 2016 Annual Report to Stockholders under "Financial Statements – Notes to Financial Statements – Note 7 (Premises, Equipment, Lease Commitments and Other Assets)." 2015 Annual Report (PDF) 2016 Proxy Statement (PDF) 2014 Wells Fargo Annual Report (PDF) ... Visit our corporate archives for Wells Fargo Annual Reports. The FDIC Board adopted a Restoration Plan to ensure that the DIF reserve ratio reaches 1.35% by September 30, 2020, as required by the Dodd-Frank Act, and, in March 2016, issued a final rule to meet this DRR level. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Deferred Compensation Plan . was the Company's principal subsidiary with assets of $1.7 trillion, or 89% of the Company's assets. Amendment to Directors' Stock Deferral Plan, effective November 1, 2000. At December 31, 2016 , we had … Under the Deferred Compensation Plan eligible team members may defer receipt of salary, bonuses and certain other compensation subject to the terms of the plan. No awards have been granted since then, and no future awards will be granted under the 2003 SIP. Based on assets, we were the third largest bank holding company in the United States. Get the detailed quarterly/annual income statement for Wells Fargo & Company (WFC). Our top priority remains rebuilding the trust of our customers, team members, communities, regulators, and shareholders. For information about the restrictions applicable to the Parent's subsidiary banks, see Note 3 (Cash, Loan and Dividend Restrictions) to Financial Statements included in the 2016 Annual Report to Stockholders. Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, on March 1, 2017 . Our annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K, and amendments to those reports, are available for free at www.wellsfargo.com/about/investor-relations/filings as soon as reasonably practicable after they are electronically filed with or furnished to the Securities and Exchange Commission (SEC). Wells Fargo said on Thursday it fired 5,300 employees for creating ghost accounts over the past five years without the knowledge of customers. The Patriot Act requires the implementation of policies and procedures relating to anti‑money laundering, compliance, suspicious activities, and currency transaction reporting and due diligence on customers. Incorporated by reference to Exhibit 10(b) to the Company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2016. That information is incorporated into this item by reference. Incorporated by reference to Exhibit 10(a) to the Company's Quarterly Report on Form 10-Q for the quarter ended September 30, 2003. Incorporated by reference to Exhibit 10(b) to the Company's Quarterly Report on Form 10-Q for the quarter ended September 30, 2003. The 2003 SIP . Incorporated by reference to Exhibit 10(c) to the Company's Quarterly Report on Form 10-Q for the quarter ended September 30, 2003. View differences made from one year to another to evaluate Wells Fargo Companymn's financial trajectory Sample 10-K Year-over-Year (YoY) Comparison Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were removed , added and changed by Wells Fargo Companymn. Computation of Ratios of Earnings to Fixed Charges: Computation of Ratios of Earnings to Fixed Charges and Preferred Dividends: Consent of Independent Registered Public Accounting Firm. Regulators allege millions of … Its principal business is to act as a holding company for its subsidiaries. A participating director could elect distribution of his or her deferral account in a lump sum in either cash or whole shares of common stock, or a combination of both. Incorporated by reference to Exhibit 10(b) to the Company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2013. activities other than those closely related to banking under the BHC Act. A depository institution's treatment for purposes of the prompt corrective action provisions will depend upon how its capital levels compare to various capital measures and certain other factors, as established by regulation. Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934, For the fiscal year ended December 31, 2016             Commission File Number 001‑2979, (Exact name of registrant as specified in its charter), Delaware                                                       No. The Company's consolidated financial statements, including the notes thereto, and the report of the independent registered public accounting firm thereon, are set forth in the 2016 Annual Report to Stockholders, and are incorporated into this item by reference. [Documented in Appendix] *The y-axis does not begin at 0 in order to clearly show changes. You are leaving a Wells Fargo site and entering a website that Wells Fargo does not control. Senior Executive Vice President (Payments, Virtual Solutions and Innovation) since November 2016; Senior Executive Vice President (Consumer Lending) from July 2011 to November 2016. They may also require us to provide financial support to one or more of our subsidiary banks, maintain capital balances in excess of amounts desired by management, and pay higher deposit insurance premiums as a result of a general deterioration in the financial condition of depository institutions. Email investorrelations@wellsfargo.com, EQ Shareowner Services 27 on Fortune’s 2016 rankings of America’s largest corporations. Statutes, regulations and policies could restrict our ability to diversify into other areas of financial services, acquire depository institutions, and pay dividends on our capital stock. Amendment to Supplemental 401(k) Plan, effective January 1, 2015. Amended and Restated Wachovia Corporation 2003 Stock Incentive Plan. These methods are used in varying degrees and combinations to directly affect the availability of bank loans and deposits, as well as the interest rates charged on loans and paid on deposits. Wachovia Corporation Executive Deferred Compensation Plan. The Dodd-Frank Act and the numerous rules to implement its provisions have resulted in enhanced regulation and supervision of large BHCs, such as Wells Fargo. The termination of deposit insurance for one or more of our bank subsidiaries could have a material adverse effect on our earnings, depending on the collective size of the particular banks involved. Unless an exemption applies, covered transactions by a subsidiary bank with a single affiliate are limited to 10% of the subsidiary bank's capital and surplus and, with respect to all covered transactions with affiliates in the aggregate, to 20% of the subsidiary bank's capital and surplus. Dec 3, 2020; Post-Election Market Trends 2020. Wells Fargo annual revenue for 2018 was $101.06B, a 3.4% increase from 2017. Nonbank Subsidiaries. Banking statutes, regulations and policies are continually under review by Congress and state legislatures and federal and state regulatory agencies, as well as foreign governments and financial regulators, and a change in them, including changes in how they are interpreted or implemented, could have a material effect on our business. Additional information in response to this Item 12 can be found in the Company's 2017 Proxy Statement under "Ownership of Our Common Stock – Directors and Executive Officers – Director and Executive Officer Stock Ownership Table" and "Ownership of Our Common Stock – Principal Stockholders." Find out the revenue, expenses and profit or loss over the last fiscal year. Archives: Annual Reports. Each member is independent, as independence for audit committee members is defined by NYSE rules. implemented in the future, affect our reported capital ratios and net risk-adjusted assets. While I’ve learned a great Incorporated by reference to Exhibit 10(q) to the Company's Annual Report on Form 10-K for the year ended December 31, 2015. The financial services industry is also likely to become more competitive as further technological advances enable more companies to provide financial services. Wells Fargo & Company was ranked No. Description of Wells Fargo Bank, N.A. Executive Vice President and Controller since February 2007. Information in response to this Item 11 can be found in the Company's 2017 Proxy Statement under "Corporate Governance – Additional Information – Compensation Committee Interlocks and Insider Participation," under "Corporate Governance – Director Compensation," under "Information About Related Persons – Related Person Transactions," and under "Executive Compensation – Compensation Committee Report," "Executive Compensation – Compensation Discussion & Analysis," "Executive Compensation – Executive Compensation Tables," and "Executive Compensation – Compensation Governance and Risk Management." Interstate Banking . The option price is payable to us in full by methods the Board's Human Resources Committee (HRC) designates, including, but not limited to, in cash or its equivalent, by tendering or withholding shares of our common stock having a fair market value at the time of exercise equal to the total option price, or by a combination of the foregoing. All rights reserved. Read more. Indicate by check mark whether the registrant is a shell Company (as defined in Rule 12b-2 of the Act). WELLS FARGO STABLE RETURN FUNDS F, N, N15, N25, N35, N60, TR, I, I25, I35 Table of Contents Page Independent Auditors’ Report 1 Financial Statements Wells Fargo Stable Return Fund F 3 Wells Fargo Stable Return Fund N 7 Wells Fargo Stable Return Fund N15 11 Wells Fargo Stable Return Fund N25 15 Wells Fargo Stable Return Fund N35 19 That information is incorporated into this item by reference. Information in response to this Item 14 can be found in the Company's 2017 Proxy Statement under "Audit Matters – Item 4 – Appointment of Independent Registered Public Accounting Firm for 2017 – KPMG Fees" and "Audit Matters – Item 4 – Appointment of Independent Registered Public Accounting Firm for 2017 – Audit and Examination Committee Pre-Approval Policies and Procedures." Incorporated by reference to Exhibit 10(b) to the Company's Current Report on Form 8-K filed May 4, 2009. Alternatively, the director could elect to receive the distribution in up to ten annual installments of cash. Wells Fargo Securities, Llc is a broker-dealer registered with the U.S. Security and Exchange Commission and incorporated in the state of Delaware. We cannot predict whether future legislative proposals will be enacted and, if enacted, the effect that they, or any implementing regulations, would have on our business, results of operations or financial condition. Non-Qualified Deferred Compensation Plan for Independent Contractors . Wells Fargo & Company (NYSE:WFC) reported net income of $5.6 billion, or $1.01 per diluted common share, for second quarter 2016, compared with $5.7 billion, or $1.03 per share, for second quarter 2015, and $5.5 billion, or $0.99 per share, for first quarter 2016. 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