Company: WFC-PC
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0000072971-25-000253
Chunk: 17

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 1
Chunk 17
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 commitments$634,732 609,565 (1)Includes lines of credit totaling $17.1 billion and $22.5 billion as of September 30, 2025, and December 31, 2024, respectively.

72Wells Fargo & Company

Allowance for Credit LossesTable 5.5 presents the ACL for loans, which consists of the allowance for loan losses and the allowance for unfunded credit commitments. Total net loan charge-offs decreased $613 million from September 30, 2024, due to lower losses in our commercial real estate portfolio driven by the office property type and lower losses in our auto and other consumer portfolios. The ACL for loans decreased $325 million from December 31, 2024, reflecting improved credit performance for commercial real estate loans, partially offset by a higher allowance for commercial and industrial loans due to portfolio growth.Table 5.5:  Allowance for Credit Losses for LoansQuarter ended September 30,Nine months ended September 30,($ in millions)2025202420252024Balance, beginning of period$14,568 14,789 $14,636 15,088 Provision for credit losses687 1,059 2,619 3,214 Loan charge-offs:Commercial and industrial(155)(161)(516)(562)Commercial real estate(124)(188)(326)(659)Lease financing(15)(14)(37)(38)Total commercial(294)(363)(879)(1,259)Residential mortgage(11)(14)(54)(50)Credit card(710)(700)(2,229)(2,109)Auto(110)(158)(340)(505)Other consumer(113)(144)(348)(431)Total consumer(944)(1,016)(2,971)(3,095)Total loan charge-offs(1,238)(1,379)(3,850)(4,354)Loan recoveries:Commercial and industrial24 32 98 97 Commercial real estate17 4 63 17 Lease financing3 4 10 13 Total commercial44 40 171 127 Residential mortgage33 37 94 105 Credit card139 99 386 282 Auto60 75 196 231 Other consumer20 17 55 48 Total consumer252 228 731 666 Total loan recoveries296 268 902 793