Company: WFC-PC
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000072971-25-000129
Chunk: 28

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-04-29
Form: 10-Q
Item: Item 1
Chunk 28
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 4 7 138 16 440 No FICO available (1)79 93 119 20 6 6 21,936 24 22,283 Total$1,867 1,867 1,184 291 81 62 23,930 126 29,408 Gross charge-offs (2)$150 165 127 31 5 6 66 10 560 (1)Substantially all loans are revolving securities-based loans originated by the WIM operating segment and therefore do not require a FICO score.(2)Includes charge-offs on overdrafts, which are generally charged-off at 60 days past due. 

78Wells Fargo & Company

NONACCRUAL LOANS.  Table 5.13 provides loans on nonaccrual status. Nonaccrual loans may have an ACL or a negative allowance for credit losses from expected recoveries of amounts previously written off.Table 5.13:  Nonaccrual LoansOutstanding balanceRecognized interest incomeNonaccrual loansNonaccrual loans without related allowance for credit losses (1)Quarter ended March 31,(in millions)Mar 31,2025Dec 31,2024Mar 31,2025Dec 31,202420252024Commercial and industrial$969 763 46 2 5 9 Commercial real estate3,836 3,771 274 41 27 4 Lease financing78 84 13 17 — — Total commercial 4,883 4,618 333 60 32 13 Residential mortgage2,982 2,991 1,892 1,887 40 44 Auto83 89 — — 3 4 Other consumer30 32 — — 1 1 Total consumer 3,095 3,112 1,892 1,887 44 49 Total nonaccrual loans$7,978 7,730 2,225 1,947 76 62 (1)Nonaccrual loans may not have an allowance for credit losses if the loss expectations are zero given the related collateral value.

LOANS IN PROCESS OF FORECLOSURE.  Our recorded investment in consumer mortgage loans collateralized by residential real estate property that are in process of foreclosure was $786 million and $705 million at