Company: WFC-PC
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000072971-25-000129
Chunk: 16

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-04-29
Form: 10-Q
Item: Item 1
Chunk 16
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 excludes issued letters of credit and discretionary amounts where our approval or consent is required prior to any loan funding or commitment increase.Table 5.4:  Unfunded Credit Commitments(in millions)Mar 31,2025Dec 31,2024Commercial and industrial$401,134 401,947 Commercial real estate11,607 12,505 Total commercial412,741 414,452 Residential mortgage (1)23,341 23,872 Credit card166,974 163,256 Other consumer7,939 7,985 Total consumer198,254 195,113 Total unfunded credit commitments$610,995 609,565 (1)Includes lines of credit totaling $21.0 billion and $22.5 billion as of March 31, 2025, and December 31, 2024, respectively.

70Wells Fargo & Company

Allowance for Credit LossesTable 5.5 presents the ACL for loans, which consists of the allowance for loan losses and the allowance for unfunded credit commitments. Total net loan charge-offs decreased $140 million from March 31, 2024, due to lower losses in our commercial real estate portfolio driven by the office property type, as well as lower losses in our commercial and industrial, auto and other consumer portfolios, partially offset by higher losses in our credit card portfolio. The ACL for loans decreased $84 million from December 31, 2024, reflecting a lower allowance for commercial real estate loans on lower loan balances, partially offset by a higher allowance for commercial and industrial loans.Table 5.5:  Allowance for Credit Losses for LoansQuarter ended March 31,($ in millions)20252024Balance, beginning of period$14,636 15,088 Provision for credit losses925 926 Loan charge-offs:Commercial and industrial(148)(172)Commercial real estate(96)(192)Lease financing(11)(11)Total commercial(255)(375)Residential mortgage(11)(19)Credit card(768)(664)Auto(127)(191)Other consumer(116)(147)Total consumer(1,022)(1,021)Total loan charge-offs(1,277)(1,396)Loan recoveries:Commercial and industrial40 24 Commercial real estate1 5 Lease financing3 5 Total commercial44 34 Residential mortgage26 32 Credit card