Company: WFC-PC
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000072971-25-000129
Chunk: 30

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-04-29
Form: 10-Q
Item: Item 1
Chunk 30
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 reductions, other-than-insignificant (e.g., greater than three months) payment delays, term extensions or a combination of these modifications, as well as the financial effects of these modifications, and loan performance in the twelve months following the modification. Loans that both modify and are paid off or charged-off during the period are not included in the disclosures below. These disclosures do not include loans discharged by a bankruptcy court as the only concession, which were insignificant for the first quarter of both 2025 and 2024.For additional information on our loan modifications to borrowers experiencing financial difficulty, 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 March 31,($ in millions)20252024Commercial and industrial modifications:Term extension$392 169 All other modifications and combinations110 19 Total commercial and industrial modifications$502 188 Total commercial and industrial modifications as a % of loan class0.13 %0.05 Financial effects:Weighted average term extension (months)1812Commercial real estate modifications:Term extension$726 100 All other modifications and combinations9 2 Total commercial real estate modifications$735 102 Total commercial real estate modifications as a % of loan class0.55 %0.07 Financial effects:Weighted average term extension (months)2128

80Wells Fargo & Company

Commercial loans that received a modification in the past 12 months as of March 31, 2025 and 2024, and subsequently defaulted in the first quarter of both periods were insignificant.Table 5.16 provides past due information on commercial loans that received a modification in the past 12 months as of March 31, 2025 and 2024, and the amount of related gross charge-offs during the first quarter 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