Company: WFC-PC
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000072971-25-000201
Chunk: 146

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 5
Chunk 146
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, see Note 5 (Loans and Related Allowance for Credit Losses) in our 2024 Form 10-K.Table 5.15 presents the outstanding balance of modified commercial loans and the related financial effects of these modifications. At the time of modification, we may require that the borrower provide additional economic support, such as partial repayment, additional collateral, or guarantees.Table 5.15:  Commercial Loan Modifications and Financial EffectsQuarter ended June 30,Six months ended June 30,($ in millions)2025202420252024Commercial and industrial modifications:Term extension$286 320 $619 402 All other modifications and combinations36 82 130 94 Total commercial and industrial modifications$322 402 $749 496 Total commercial and industrial modifications as a % of loan class0.08 %0.11 0.19 %0.13 Financial effects:Weighted average term extension (months)105159Commercial real estate modifications:Term extension$654 321 $1,180 414 All other modifications and combinations34 45 43 46 Total commercial real estate modifications$688 366 $1,223 460 Total commercial real estate modifications as a % of loan class0.52 %0.25 0.92 %0.32 Financial effects:Weighted average term extension (months)11381736Commercial loans that received a modification in the past 12 months as of June 30, 2025 and 2024, and subsequently defaulted in the second quarter and first half of both 2024 and 2025, were insignificant.Table 5.16 provides past due information on commercial loans that received a modification in the past 12 months as of June 30, 2025 and 2024, and the amount of related gross charge-offs during the second quarter and first half of both 2025 and 2024. For loan modifications that include a payment deferral, payment performance is not included in the table below until the loan exits the deferral period and payments resume.Table 5.16:  Payment Performance of Commercial Loan ModificationsBy delinquency statusGross charge-offs(in millions)Current-29 DPD30-89 DPD90+ DPDTotalQuarter endedSix months endedJune 30, 2025Commercial and industrial$895 8 14 917 87 102 Commercial real estate2,742 29 4 2,775