Wells Fargo to redeem Series BB preferred stock
Wells Fargo & Company is redeeming all of its 3.90% Fixed Rate Reset Non-Cumulative Perpetual Class A Preferred Stock, Series BB, along with the related depositary shares.
Rhea-AI Filing Summary
Wells Fargo & Company is redeeming all of its 3.90% Fixed Rate Reset Non-Cumulative Perpetual Class A Preferred Stock, Series BB, along with the related depositary shares. The redemption will occur on March 15, 2026, shifting to March 16, 2026 because that date is a non-business day.
The company will redeem 140,400 preferred shares and 3,510,000 depositary shares, each depositary share representing a 1/25 interest in a preferred share. Holders will receive $25,000 per preferred share and $1,000 per depositary share. Regular quarterly dividends will still be paid separately on the redemption date to holders of record on February 27, 2026.
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8-K Event Classification
FAQ
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
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| Item 8.01. | Other Events. |
On February 25, 2026, Wells Fargo & Company (the “Company”) issued a press release announcing it will redeem on March 15, 2026 (which, due to the occurrence of a non-business day, will shift to March 16, 2026, the “Redemption Date”) all 140,400 outstanding shares of its 3.90% Fixed Rate Reset Non-Cumulative Perpetual Class A Preferred Stock, Series BB (the “Series BB Preferred Stock”) and all outstanding shares of the related depositary shares, each representing a 1/25th interest in a share of the Series BB Preferred Stock (the “Series BB Depositary Shares”). After giving effect to the redemption on the Redemption Date, no shares of the Series BB Preferred Stock or the Series BB Depositary Shares will remain outstanding.
| Item 9.01. | Financial Statements and Exhibits. |
| (d) | Exhibits |
Exhibit No. |
Description |
Location | ||
| 99.1 | Press Release dated February 25, 2026. | Filed herewith | ||
| 104 | The cover page from this Current Report on Form 8-K, formatted in Inline XBRL. | Filed herewith | ||
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| WELLS FARGO & COMPANY | ||||||
| DATED: February 25, 2026 | /s/ Bryant Owens | |||||
| Bryant Owens | ||||||
| Senior Vice President and Assistant Treasurer | ||||||
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Exhibit 99.1 |
News Release | Feb. 25, 2026
Wells Fargo & Company Announces Full Redemption of its Series BB Preferred Stock and Related Depositary Shares
SAN FRANCISCO – Feb. 25, 2026 – Wells Fargo & Company (NYSE: WFC) today announced that on March 15, 2026 (which, due to the occurrence of a non-business day, will shift to March 16, 2026), it will redeem all 140,400 outstanding shares (the “Redeemed Series BB Preferred Shares”) of its 3.90% Fixed Rate Reset Non-Cumulative Perpetual Class A Preferred Stock, Series BB (the “Series BB Preferred Stock”). The redemption of the Redeemed Series BB Preferred Shares will trigger the redemption of the 3,510,000 outstanding shares of the related depositary shares (the “Redeemed Series BB Depositary Shares”), each representing a 1/25 interest in a share of Series BB Preferred Stock (the “Series BB Depositary Shares”). The redemption price will be equal to $25,000.00 per Redeemed Series BB Preferred Share and $1,000.00 per Redeemed Series BB Depositary Share. After giving effect to the redemption, no shares of the Series BB Preferred Stock or the Series BB Depositary Shares will remain outstanding.
Because the redemption date is also a dividend payment date for the Series BB Preferred Stock and the Series BB Depositary Shares, the redemption prices noted herein do not include declared and unpaid dividends. Regular quarterly dividends will be paid separately in the customary manner on March 15, 2026 (which, due to the occurrence of a non-business day, will shift to March 16, 2026), to holders of record at the close of business on February 27, 2026.
All regulatory requirements relating to the redemption of the Redeemed Series BB Preferred Shares and Redeemed Series BB Depositary Shares have been satisfied by Wells Fargo & Company, and no covenant remains in place to limit or prohibit the redemption of the Redeemed Series BB Preferred Shares and Redeemed Series BB Depositary Shares. The redemption agent is Computershare Trust Company, N.A., Attn: Corporate Actions, COY: WFCO, 150 Royall Street, Suite 101, Canton, MA 02021 or PO Box 43014, Providence, RI 02940-3014. Payment of the redemption price for the Redeemed Series BB Depositary Shares will be sent to holders by the redemption agent on the redemption date.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $2.1 trillion in assets. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo ranked No. 33 on Fortune’s 2025 rankings of America’s largest corporations. News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories.
Additional information may be found at www.wellsfargo.com
LinkedIn: https://www.linkedin.com/company/wellsfargo
Contact Information
© 2026 Wells Fargo Bank, N.A. All rights reserved.
Media
Beth Richek, 980-308-1568
Beth.Richek@wellsfargo.com
Investor Relations
Tanya Quinn, 415-396-7495
tanya.quinn@wellsfargo.com
News Release Category: WF-CFH
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