Company: WFC-PC
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000072971-25-000129
Chunk: 65

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-04-29
Form: 10-Q
Item: Item 1
Chunk 65
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 securities (cost method)3,603 — — 3,692 3,692 Total financial assets$1,421,262 179,326 315,795 858,000 1,353,121 Financial liabilitiesDeposits (3)$126,839 — 50,196 76,029 126,225 Short-term borrowings139,513 — 139,529 — 139,529 Long-term debt (4)169,576 — 171,094 2,261 173,355 Total financial liabilities$435,928 — 360,819 78,290 439,109 December 31, 2024Financial assetsCash and due from banks (1)$37,080 37,080 — — 37,080 Interest-earning deposits with banks (1)166,281 165,903 378 — 166,281 Federal funds sold and securities purchased under resale agreements (1)105,330 — 105,330 — 105,330 Held-to-maturity debt securities234,948 2,015 188,756 3,008 193,779 Loans held for sale1,547 — 1,216 384 1,600 Loans, net (2)882,361 — 3,211 845,016 848,227 Equity securities (cost method)3,782 — — 3,868 3,868 Total financial assets$1,431,329 204,998 298,891 852,276 1,356,165 Financial liabilitiesDeposits (3)$139,547 — 63,497 75,692 139,189 Short-term borrowings108,540 — 108,547 — 108,547 Long-term debt (4)169,567 — 171,747 2,334 174,081 Total financial liabilities$417,654 — 343,791 78,026 421,817 (1)Amounts consist of financial instruments for which carrying value approximates fair value.(2)Excludes lease financing, net of allowance for credit losses, of $15.9 billion and $16.2 billion at March 31, 2025, and December 31, 2024, respectively.(3)Ex