Company: WFC-PC
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000072971-25-000129
Chunk: 117

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-04-29
Form: 10-Q
Item: Item 5
Chunk 117
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Note 5:  Loans and Related Allowance for Credit LossesTable 5.1 presents total loans outstanding by portfolio segment and class of financing receivable. Loans are reported at their outstanding principal balances net of any unearned income, cumulative charge-offs, unamortized deferred fees and costs on originated loans, and unamortized premiums or discounts on purchased loans. These amounts were less than 1% of our total loans outstanding at both March 31, 2025, and December 31, 2024.Outstanding balances exclude accrued interest receivable on loans, except for certain revolving loans, such as credit card loans. See Note 7 (Intangible Assets and Other Assets) for additional information on accrued interest receivable. Amounts considered to be uncollectible are reversed through interest income. During first quarter 2025, we reversed accrued interest receivable of $19 million for our commercial portfolio segment and $102 million for our consumer portfolio segment, compared with $15 million and $96 million, respectively, for the same period a year ago.Table 5.1:  Loans Outstanding(in millions)Mar 31,2025Dec 31,2024Commercial and industrial$390,533 381,241 Commercial real estate134,035 136,505 Lease financing16,131 16,413 Total commercial540,699 534,159 Residential mortgage247,613 250,269 Credit card54,608 56,542 Auto41,482 42,367 Other consumer (1)29,440 29,408 Total consumer373,143 378,586 Total loans$913,842 912,745 (1)Includes $21.7 billion and $21.4 billion at March 31, 2025, and December 31, 2024, respectively, of securities-based loans originated by the Wealth and Investment Management (WIM) operating segment.Our non-U.S. loans are reported by respective class of financing receivable in the table above. Substantially all of our non-U.S. loan portfolio is commercial loans. Table 5.2 presents total non-U.S. commercial loans outstanding by class of financing receivable.Table 5.2:  Non-U.S. Commercial Loans Outstanding(in millions)Mar 31,2025Dec 31,2024Commercial and industrial$64,133 62,038 Commercial real estate4,958 5,123 Lease