Company: WFC-PC
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000072971-25-000201
Chunk: 17

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 1
Chunk 17
---
, which consists of the allowance for loan losses and the allowance for unfunded credit commitments. Total net loan charge-offs decreased $444 million from June 30, 2024, due to lower losses in our commercial real estate portfolio driven by the office property type and lower losses in our auto portfolio. The ACL for loans decreased $68 million from December 31, 2024, reflecting a lower allowance for commercial real estate loans, partially offset by a higher allowance for commercial and industrial loans.Table 5.5:  Allowance for Credit Losses for LoansQuarter ended June 30,Six months ended June 30,($ in millions)2025202420252024Balance, beginning of period$14,552 14,862 $14,636 15,088 Provision for credit losses1,007 1,229 1,932 2,155 Loan charge-offs:Commercial and industrial(213)(229)(361)(401)Commercial real estate(106)(279)(202)(471)Lease financing(11)(13)(22)(24)Total commercial(330)(521)(585)(896)Residential mortgage(32)(17)(43)(36)Credit card(751)(745)(1,519)(1,409)Auto(103)(156)(230)(347)Other consumer(119)(140)(235)(287)Total consumer(1,005)(1,058)(2,027)(2,079)Total loan charge-offs(1,335)(1,579)(2,612)(2,975)Loan recoveries:Commercial and industrial34 41 74 65 Commercial real estate45 8 46 13 Lease financing4 4 7 9 Total commercial83 53 127 87 Residential mortgage35 36 61 68 Credit card129 96 247 183 Auto73 77 136 156 Other consumer18 16 35 31 Total consumer255 225 479 438 Total loan recoveries338 278 606 525 Net loan charge-offs(997)(1,301)(2,006)(2,450)Other6 (1)6 (4)Balance, end of period$14,568 14,789 $14,568 14,789 Components:Allowance for loan losses$13,961 14,360 $13,961 14,360 Allowance for unf