Company: WFC-PC
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000072971-25-000201
Chunk: 148

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 5
Chunk 148
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22.14 21.49 %22.14 (1)Payment delay modifications include loan modifications that defer a set amount of principal to the end of the loan term. The outstanding balance of loans with principal deferred to the end of the loan term was $89 million and $100 million in second quarter 2025 and 2024, respectively, and $183 million and $203 million for the first half of 2025 and 2024, respectively.(2)Excludes the financial effects of loans with a set amount of principal deferred to the end of the loan term. The weighted average period of principal deferred was 24.3 years and 25.4 years in second quarter 2025 and 2024, respectively, and 24.5 years and 25.2 years for the first half of 2025 and 2024, respectively.Consumer loans that received a modification within the past 12 months as of June 30, 2025, and subsequently defaulted in the second quarter and first half of 2025, totaled $113 million and $148 million, respectively. As of June 30, 2024, consumer loans that received a modification within the past 12 months and subsequently defaulted in the second quarter and first half of 2024, totaled $104 million and $182 million, respectively.Table 5.18 provides past due information as of June 30, 2025 and 2024, for consumer loan modifications that received a modification in the past 12 months, and the related gross charge-offs that occurred on these modifications during the second quarter and first half of both 2025 and 2024.Table 5.18:  Payment Performance of Consumer Loan ModificationsBy delinquency statusGross charge-offs(in millions)Current-29 DPD30-89 DPD90+ DPDTotalQuarter endedSix months endedJune 30, 2025Residential mortgage (1)$376 112 74 562 3 4 Credit card (2)791 115 82 988 80 153 Total consumer$1,167 227 156 1,550 83 157 June 30, 2024Residential mortgage (1)$427 149 160 736 1 3 Credit card (2)475 72 59 606 57 99 Total consumer$902 221 219 1,342 58 102 (1)Loan modifications