Company: WFC-PC
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0000072971-25-000253
Chunk: 39

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 1
Chunk 39
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,418 2,928 5,274 344 105 25,069 (1)Related to the divestiture of the non-agency portion of our commercial mortgage third-party servicing business in first quarter 2025.Table 7.2 presents the components of other assets.Table 7.2:  Other Assets(in millions)Sep 30, 2025Dec 31, 2024Corporate/bank-owned life insurance (1)$19,756 19,751 Accounts receivable (2)20,882 19,608 Interest receivable:AFS and HTM debt securities1,578 1,544 Loans3,368 3,420 Trading and other1,893 1,371 Operating lease assets (lessor) (3)5,098 5,286 Operating lease ROU assets (lessee)3,659 3,850 Other (4)23,707 18,472 Total other assets$79,941 73,302 (1)Corporate/bank-owned life insurance is recognized at cash surrender value.(2)Includes derivatives clearinghouse receivables and trade date receivables.(3)In May 2025, the Company announced it had entered into an agreement to sell the assets of its rail car leasing business. The related assets are designated as held for sale and remain in operating lease assets.(4)Includes income tax receivables, prepaid expenses, and physical commodities inventory (recognized at lower of cost or fair value (LOCOM)).

86Wells Fargo & Company

Note 8:  Leasing Activity

The information below provides a summary of our leasing activities as a lessor and lessee. See Note 8 (Leasing Activity) in our 2024 Form 10-K for additional information about our leasing activities.As a LessorNoninterest income on leases, included in Table 8.1 is included in other noninterest income on our consolidated statement of income. Lease expense, included in other noninterest expense on our consolidated statement of income, was $144 million and $152 million for the quarters ended September 30, 2025 and 2024, respectively, and $455 million and $475 million for the first nine months of 2025 and 2024, respectively.Table 8.1:  Leasing RevenueQuarter ended September 30,Nine months ended September 30,(in millions)2025202420252024Interest income on