Adds details on revenue, CEO statement April 14 (Reuters) - Wells Fargo & Co WFC.N reported a nearly 21% drop in first-quarter profit on Thursday, as rising inflation and interest rates, as well as worries over the economic impact of the Ukraine war dented its core businesses. A lower-than-anticipated impact from the pandemic has also prompted banks to release reserves set aside to cover losses. Analysts on average were expecting the bank to report a profit of 80 cents per share, according to Refinitiv data.