Company: WFC-PC
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0000072971-25-000253
Chunk: 18

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 1
Chunk 18
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Net loan charge-offs(942)(1,111)(2,948)(3,561)Other(2)2 4 (2)Balance, end of period$14,311 14,739 $14,311 14,739 Components:Allowance for loan losses$13,744 14,330 $13,744 14,330 Allowance for unfunded credit commitments567 409 567 409 Allowance for credit losses$14,311 14,739 $14,311 14,739 Net loan charge-offs (annualized) as a percentage of average total loans0.40%0.49 0.43%0.52 Allowance for loan losses as a percentage of total loans1.46 1.58 1.46 1.58 Allowance for credit losses for loans as a percentage of total loans1.52 1.62 1.52 1.62 

Wells Fargo & Company73

Note 5:  Loans and Related Allowance for Credit Losses (continued)

Table 5.6 summarizes the activity in the ACL by our commercial and consumer portfolio segments. Table 5.6:  Allowance for Credit Losses for Loans Activity by Portfolio Segment20252024(in millions)CommercialConsumer TotalCommercial Consumer TotalQuarter ended September 30,Balance, beginning of period$7,835 6,733 14,568 8,236 6,553 14,789 Provision for credit losses(32)719 687 178 881 1,059 Loan charge-offs(294)(944)(1,238)(363)(1,016)(1,379)Loan recoveries44 252 296 40 228 268 Net loan charge-offs(250)(692)(942)(323)(788)(1,111)Other(1)(1)(2)1 1 2 Balance, end of period$7,552 6,759 14,311 8,092 6,647 14,739 Nine months ended September 30,Balance, beginning of period$7,946 6,690 14,636 8,412 6,676 15,088 Provision for credit losses310 2,309 2,619 815 2,399 3,214 Loan charge-offs(879)(2,971)(3,