Company: WFC-PC
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000072971-25-000129
Chunk: 134

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-04-29
Form: 10-Q
Item: Item 5
Chunk 134
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 the first quarter of both periods were insignificant.Table 5.16 provides past due information on commercial loans that received a modification in the past 12 months as of March 31, 2025 and 2024, and the amount of related gross charge-offs during the first quarter of both 2025 and 2024. For loan modifications that include a payment deferral, payment performance is not included in the table below until the loan exits the deferral period and payments resume.Table 5.16:  Payment Performance of Commercial Loan ModificationsBy delinquency statusGross charge-offs(in millions)Current-29 DPD30-89 DPD90+ DPDTotalQuarter endedMarch 31, 2025Commercial and industrial$808 10 29 847 15 Commercial real estate2,682 2 3 2,687 — Total commercial$3,490 12 32 3,534 15 March 31, 2024Commercial and industrial$404 10 3 417 39 Commercial real estate488 4 28 520 — Total commercial$892 14 31 937 39 Table 5.17 presents the outstanding balance of modified consumer loans and the related financial effects of these modifications. Modified loans within the Auto and Other consumer loan classes were insignificant for the first quarter of both 2025 and 2024, and accordingly, are excluded from the following tables and disclosures.Loans in a trial payment period are not included in the following loan modification disclosures until the borrower has successfully completed the trial period and the loan modification is formally executed. Residential mortgage loans in a trial payment period totaled $111 million and $116 million at March 31, 2025 and 2024, respectively.Table 5.17:  Consumer Loan Modifications and Financial EffectsQuarter ended March 31,($ in millions)20252024Residential mortgage modifications (1):Payment delay$140 85 Term extension9 20 Term extension and payment delay25 18 Interest rate reduction, and term extension, and payment delay12 12 All other modifications and combinations9 13 Total residential mortgage modifications$195 148 Total residential mortgage modifications as a % of loan class0.08 %0.06 Financial effects:Weighted average interest rate reduction1.78 %1.77 Weighted average payments deferred (months) (2)46Weighted average term extension (years)11.510.8