Company: WFC-PC
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0000072971-25-000253
Chunk: 134

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 5
Chunk 134
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31, 2024, reflecting improved credit performance for commercial real estate loans, partially offset by a higher allowance for commercial and industrial loans due to portfolio growth.Table 5.5:  Allowance for Credit Losses for LoansQuarter ended September 30,Nine months ended September 30,($ in millions)2025202420252024Balance, beginning of period$14,568 14,789 $14,636 15,088 Provision for credit losses687 1,059 2,619 3,214 Loan charge-offs:Commercial and industrial(155)(161)(516)(562)Commercial real estate(124)(188)(326)(659)Lease financing(15)(14)(37)(38)Total commercial(294)(363)(879)(1,259)Residential mortgage(11)(14)(54)(50)Credit card(710)(700)(2,229)(2,109)Auto(110)(158)(340)(505)Other consumer(113)(144)(348)(431)Total consumer(944)(1,016)(2,971)(3,095)Total loan charge-offs(1,238)(1,379)(3,850)(4,354)Loan recoveries:Commercial and industrial24 32 98 97 Commercial real estate17 4 63 17 Lease financing3 4 10 13 Total commercial44 40 171 127 Residential mortgage33 37 94 105 Credit card139 99 386 282 Auto60 75 196 231 Other consumer20 17 55 48 Total consumer252 228 731 666 Total loan recoveries296 268 902 793 Net loan charge-offs(942)(1,111)(2,948)(3,561)Other(2)2 4 (2)Balance, end of period$14,311 14,739 $14,311 14,739 Components:Allowance for loan losses$13,744 14,330 $13,744 14,330 Allowance for unfunded credit commitments567 409 567 409 Allowance for credit losses$14,311 14,739 $14,311 14,739 Net loan charge-offs (annualized) as a percentage of average total loans0.40%0.49 0.43%0.52 Allowance for loan losses as