Company: WFC-PC
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000072971-25-000201
Chunk: 132

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 5
Chunk 132
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, 2024, reflecting a lower allowance for commercial real estate loans, partially offset by a higher allowance for commercial and industrial loans.Table 5.5:  Allowance for Credit Losses for LoansQuarter ended June 30,Six months ended June 30,($ in millions)2025202420252024Balance, beginning of period$14,552 14,862 $14,636 15,088 Provision for credit losses1,007 1,229 1,932 2,155 Loan charge-offs:Commercial and industrial(213)(229)(361)(401)Commercial real estate(106)(279)(202)(471)Lease financing(11)(13)(22)(24)Total commercial(330)(521)(585)(896)Residential mortgage(32)(17)(43)(36)Credit card(751)(745)(1,519)(1,409)Auto(103)(156)(230)(347)Other consumer(119)(140)(235)(287)Total consumer(1,005)(1,058)(2,027)(2,079)Total loan charge-offs(1,335)(1,579)(2,612)(2,975)Loan recoveries:Commercial and industrial34 41 74 65 Commercial real estate45 8 46 13 Lease financing4 4 7 9 Total commercial83 53 127 87 Residential mortgage35 36 61 68 Credit card129 96 247 183 Auto73 77 136 156 Other consumer18 16 35 31 Total consumer255 225 479 438 Total loan recoveries338 278 606 525 Net loan charge-offs(997)(1,301)(2,006)(2,450)Other6 (1)6 (4)Balance, end of period$14,568 14,789 $14,568 14,789 Components:Allowance for loan losses$13,961 14,360 $13,961 14,360 Allowance for unfunded credit commitments607 429 607 429 Allowance for credit losses$14,568 14,789 $14,568 14,789 Net loan charge-offs (annualized) as a percentage of average total loans0.44%0.57 0.44%0.53 Allowance for loan losses as a percentage of