Company: WFC-PC
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000072971-25-000201
Chunk: 156

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 8
Chunk 156
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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 $154 million and $159 million for the quarters ended June 30, 2025 and 2024, respectively, and $311 million and $323 million for the first half of 2025 and 2024, respectively.Table 8.1:  Leasing RevenueQuarter ended June 30,Six months ended June 30,(in millions)2025202420252024Interest income on lease financing$234 223 $466 439 Other lease revenue:Lease financing21 21 46 46 Operating leases234 242 467 490 Other lease-related revenue (1)9 29 23 177 Noninterest income on leases264 292 536 713 Total leasing revenue$498 515 $1,002 1,152 (1)    Includes net gains or (losses) on disposition of assets leased under operating leases or lease financings.As a LesseeTable 8.2 presents balances for our operating leases.Table 8.2:  Operating Lease Right-of-Use (ROU) Assets and Lease Liabilities(in millions)Jun 30, 2025Dec 31, 2024ROU assets$3,687 3,850 Lease liabilities4,230 4,423 Total lease costs, which are included in occupancy expense, were $283 million and $303 million for the quarters ended June 30, 2025 and 2024, respectively, and $593 million and $596 million for the first half of 2025 and 2024, respectively.

88Wells Fargo & Company