Company: WFC-PC
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000072971-25-000201
Chunk: 133

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 5
Chunk 133
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 total loans1.51 1.56 1.51 1.56 Allowance for credit losses for loans as a percentage of total loans1.58 1.61 1.58 1.61 

74Wells Fargo & Company

Table 5.6 summarizes the activity in the ACL by our commercial and consumer portfolio segments. Table 5.6:  Allowance for Credit Losses for Loans Activity by Portfolio Segment20252024(in millions)CommercialConsumer TotalCommercial Consumer TotalQuarter ended June 30,Balance, beginning of period$7,930 6,622 14,552 8,317 6,545 14,862 Provision for credit losses147 860 1,007 388 841 1,229 Loan charge-offs(330)(1,005)(1,335)(521)(1,058)(1,579)Loan recoveries83 255 338 53 225 278 Net loan charge-offs(247)(750)(997)(468)(833)(1,301)Other5 1 6 (1)— (1)Balance, end of period$7,835 6,733 14,568 8,236 6,553 14,789 Six months ended June 30,Balance, beginning of period$7,946 6,690 14,636 8,412 6,676 15,088 Provision for credit losses342 1,590 1,932 637 1,518 2,155 Loan charge-offs(585)(2,027)(2,612)(896)(2,079)(2,975)Loan recoveries127 479 606 87 438 525 Net loan charge-offs(458)(1,548)(2,006)(809)(1,641)(2,450)Other5 1 6 (4)— (4)Balance, end of period$7,835 6,733 14,568 8,236 6,553 14,789 

Credit QualityWe monitor credit quality by evaluating various attributes and utilize such information in our evaluation of the appropriateness of the ACL for loans. The following sections provide the credit quality indicators we most closely monitor. The credit quality indicators are generally based on information as of our financial statement date.COMMERCIAL CREDIT QUALITY INDICATORS.  We manage a consistent