Company: WFC-PC
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0000072971-25-000253
Chunk: 135

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 5
Chunk 135
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 a percentage of total loans1.46 1.58 1.46 1.58 Allowance for credit losses for loans as a percentage of total loans1.52 1.62 1.52 1.62 

Wells Fargo & Company73

Note 5:  Loans and Related Allowance for Credit Losses (continued)

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 September 30,Balance, beginning of period$7,835 6,733 14,568 8,236 6,553 14,789 Provision for credit losses(32)719 687 178 881 1,059 Loan charge-offs(294)(944)(1,238)(363)(1,016)(1,379)Loan recoveries44 252 296 40 228 268 Net loan charge-offs(250)(692)(942)(323)(788)(1,111)Other(1)(1)(2)1 1 2 Balance, end of period$7,552 6,759 14,311 8,092 6,647 14,739 Nine months ended September 30,Balance, beginning of period$7,946 6,690 14,636 8,412 6,676 15,088 Provision for credit losses310 2,309 2,619 815 2,399 3,214 Loan charge-offs(879)(2,971)(3,850)(1,259)(3,095)(4,354)Loan recoveries171 731 902 127 666 793 Net loan charge-offs(708)(2,240)(2,948)(1,132)(2,429)(3,561)Other4 — 4 (3)1 (2)Balance, end of period$7,552 6,759 14,311 8,092 6,647 14,739 

Credit QualityWe monitor credit quality by evaluating various attributes and utilize such information in our evaluation of the appropriateness of the ACL for loans. The following sections provide the credit quality indicators we most closely monitor. The credit quality indicators are generally based on information as