Company: WFC-PC
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000072971-25-000201
Chunk: 18

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 1
Chunk 18
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unded credit commitments607 429 607 429 Allowance for credit losses$14,568 14,789 $14,568 14,789 Net loan charge-offs (annualized) as a percentage of average total loans0.44%0.57 0.44%0.53 Allowance for loan losses as a percentage of total loans1.51 1.56 1.51 1.56 Allowance for credit losses for loans as a percentage of total loans1.58 1.61 1.58 1.61 

74Wells Fargo & Company

Table 5.6 summarizes the activity in the ACL by our commercial and consumer portfolio segments. Table 5.6:  Allowance for Credit Losses for Loans Activity by Portfolio Segment20252024(in millions)CommercialConsumer TotalCommercial Consumer TotalQuarter ended June 30,Balance, beginning of period$7,930 6,622 14,552 8,317 6,545 14,862 Provision for credit losses147 860 1,007 388 841 1,229 Loan charge-offs(330)(1,005)(1,335)(521)(1,058)(1,579)Loan recoveries83 255 338 53 225 278 Net loan charge-offs(247)(750)(997)(468)(833)(1,301)Other5 1 6 (1)— (1)Balance, end of period$7,835 6,733 14,568 8,236 6,553 14,789 Six months ended June 30,Balance, beginning of period$7,946 6,690 14,636 8,412 6,676 15,088 Provision for credit losses342 1,590 1,932 637 1,518 2,155 Loan charge-offs(585)(2,027)(2,612)(896)(2,079)(2,975)Loan recoveries127 479 606 87 438 525 Net loan charge-offs(458)(1,548)(2,006)(809)(1,641)(2,450)Other5 1 6 (4)— (4)Balance, end of period$7,835 6,733 14,568 8,236 6,553 14,789