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

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 1
Chunk 31
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 Loans and Related Allowance for Credit Losses (continued)

LOAN MODIFICATIONS TO BORROWERS EXPERIENCING FINANCIAL DIFFICULTY.  We may agree to modify the contractual terms of a loan to a borrower experiencing financial difficulty.The following disclosures provide information on loan modifications in the form of principal forgiveness, interest rate reductions, other-than-insignificant (e.g., greater than three months) payment delays, term extensions or a combination of these modifications, as well as the financial effects of these modifications, and loan performance in the twelve months following the modification. Loans that both modify and are paid off or charged-off during the period are not included in the disclosures below. These disclosures do not include loans discharged by a bankruptcy court as the only concession, which were insignificant in the third quarter and first nine months of both 2025 and 2024.For additional information on our loan modifications to borrowers experiencing financial difficulty, see Note 5 (Loans and Related Allowance for Credit Losses) in our 2024 Form 10-K.Table 5.15 presents the outstanding balance of commercial loans modified during the periods presented and the related financial effects of these modifications. At the time of modification, we may require that the borrower provide additional economic support, such as partial repayment, additional collateral, or guarantees.Table 5.15:  Commercial Loan Modifications and Financial EffectsQuarter ended September 30,Nine months ended September 30,($ in millions)2025202420252024Commercial and industrial modifications:Term extension$378 347 $647 653 All other modifications and combinations30 59 154 148 Total commercial and industrial modifications$408 406 $801 801 Total commercial and industrial modifications as a % of loan class0.10 %0.11 0.19 %0.21 Financial effects:Weighted average term extension (months)10321421Commercial real estate modifications:Term extension$711 1,231 $1,595 1,637 All other modifications and combinations463 135 500 179 Total commercial real estate modifications$1,174 1,366 $2,095 1,816 Total commercial real estate modifications as a % of loan class0.90 %0.97 1.61 %1.28 Financial effects:Weighted average term extension (months)21192124Commercial loans that received a modification in the past 12 months as of September 30,