Company: WFC-PC
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0000072971-25-000253
Chunk: 158

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 8
Chunk 158
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Note 8:  Leasing Activity

The information below provides a summary of our leasing activities as a lessor and lessee. See Note 8 (Leasing Activity) in our 2024 Form 10-K for additional information about our leasing activities.As a LessorNoninterest income on leases, included in Table 8.1 is included in other noninterest income on our consolidated statement of income. Lease expense, included in other noninterest expense on our consolidated statement of income, was $144 million and $152 million for the quarters ended September 30, 2025 and 2024, respectively, and $455 million and $475 million for the first nine months of 2025 and 2024, respectively.Table 8.1:  Leasing RevenueQuarter ended September 30,Nine months ended September 30,(in millions)2025202420252024Interest income on lease financing$239 233 $705 672 Other lease revenue:Lease financing22 23 68 69 Operating leases229 239 696 729 Other lease-related revenue (1)15 15 38 192 Noninterest income on leases266 277 802 990 Total leasing revenue$505 510 $1,507 1,662 (1)    Includes net gains or (losses) on disposition of assets leased under operating leases or lease financings.As a LesseeTable 8.2 presents balances for our operating leases.Table 8.2:  Operating Lease Right-of-Use (ROU) Assets and Lease Liabilities(in millions)Sep 30, 2025Dec 31, 2024ROU assets$3,659 3,850 Lease liabilities4,190 4,423 Total lease costs, which are included in occupancy expense, were $283 million and $309 million for the quarters ended September 30, 2025 and 2024, respectively, and $876 million and $905 million for the first nine months of 2025 and 2024, respectively.

Wells Fargo & Company87