Company: WFC-PC
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000072971-25-000201
Chunk: 39

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 1
Chunk 39
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 Interest receivable:AFS and HTM debt securities1,527 1,544 Loans3,284 3,420 Trading and other1,459 1,371 Operating lease assets (lessor) (3)5,167 5,286 Operating lease ROU assets (lessee)3,687 3,850 Other (4)24,824 18,472 Total other assets$94,515 73,302 (1)Corporate/bank-owned life insurance is recognized at cash surrender value.(2)Includes derivatives clearinghouse receivables and trade date receivables.(3)In May 2025, the Company announced it had entered into an agreement to sell the assets of its rail car leasing business. The related assets are designated as held for sale and remain in operating lease assets.(4)Includes income tax receivables, prepaid expenses, and physical commodities inventory (recognized at lower of cost or fair value (LOCOM)).

Wells Fargo & Company87

Note 8:  Leasing Activity

The information below provides a summary of our leasing activities as a lessor and lessee. See Note 8 (Leasing Activity) in our 2024 Form 10-K for additional information about our leasing activities.As a LessorNoninterest income on leases, included in Table 8.1 is included in other noninterest income on our consolidated statement of income. Lease expense, included in other noninterest expense on our consolidated statement of income, was $154 million and $159 million for the quarters ended June 30, 2025 and 2024, respectively, and $311 million and $323 million for the first half of 2025 and 2024, respectively.Table 8.1:  Leasing RevenueQuarter ended June 30,Six months ended June 30,(in millions)2025202420252024Interest income on lease financing$234 223 $466 439 Other lease revenue:Lease financing21 21 46 46 Operating leases234 242 467 490 Other lease-related revenue (1)9 29 23 177 Noninterest income on leases264 292 536 713 Total leasing revenue$498 515 $1,002 1,152 (1)    Includes net gains or (losses) on disposition of assets leased under operating leases or lease financings.As a LesseeTable 8.2