Company: WFC-PC
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000072971-25-000201
Chunk: 98

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 1
Chunk 98
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,181 — 922,526 Assets (average)364,439 246,763 554,498 90,101 660,009 — 1,915,810 Deposits (average)775,738 165,460 185,408 102,158 115,288 — 1,344,052 Loans (period-end)325,360 226,473 275,330 83,338 7,406 — 917,907 Assets (period-end)363,790 250,475 565,334 89,980 670,494 — 1,940,073 Deposits (period-end)781,817 168,979 200,920 103,722 110,456 — 1,365,894 (1)Taxable-equivalent adjustments related to tax-exempt income on certain loans and debt securities are included in net interest income, while taxable-equivalent adjustments related to income tax credits for affordable housing and renewable energy investments are included in noninterest income, in each case with corresponding impacts to income tax expense (benefit). Adjustments are included in Corporate, Commercial Banking, and Corporate and Investment Banking and are eliminated to reconcile to the Company’s consolidated financial results.(2)Net interest income is interest earned on assets minus the interest paid on liabilities to fund those assets. Segment interest earned includes actual interest income on segment assets as well as a funding credit for their deposits. Segment interest paid on liabilities includes actual interest expense on segment liabilities as well as a funding charge for their assets.

Wells Fargo & Company119

Note 18:  Revenue and ExpensesRevenueOur revenue includes net interest income on financial instruments and noninterest income. Table 18.1 presents our revenue by operating segment. For additional description of ouroperating segments, including additional financial information and the underlying management accounting process, seeNote 17 (Operating Segments). For a description of our revenue from contracts with customers, see Note 21 (Revenue and Expenses) in our 2024 Form 10-K.Table 18.1:  Revenue by Operating Segment(in millions)  Consumer Banking and LendingCommercial BankingCorporate and Investment BankingWealth and Investment ManagementCorporateReconcilingItems (1)ConsolidatedCompanyQuarter ended June 30, 2025Net interest income (2)$7,199 1,983 1,815 891 (103)(77)11,708