Wells Fargo and Company (WFC) |
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Wells Fargo Income Statement Quarterly
WFC
Select the Financial Report: |
Period: |
Fiscal Year: |
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INCOME STATEMENT (Quarterly GAAP In millions $) |
(Dec 31 2023) IV. Quarter |
(Sep 30 2023) III. Quarter |
(Jun 30 2023) II. Quarter |
(Mar 31 2023) I. Quarter |
(Dec 31 2022) IV. Quarter |
Interest and Fee Income, Loans and Leases |
14,967.00 |
14,755.00 |
14,115.00 |
13,318.00 |
12,223.00 |
InterestIncome Debt Securities Operating |
4,110.00 |
4,178.00 |
4,037.00 |
3,783.00 |
3,473.00 |
Other Income |
3,762.00 |
3,160.00 |
2,678.00 |
2,255.00 |
2,097.00 |
Total Interest Income |
22,839.00 |
22,093.00 |
20,830.00 |
19,356.00 |
17,793.00 |
Interest Expense, Deposits |
5,329.00 |
4,608.00 |
3,805.00 |
2,761.00 |
1,595.00 |
Interest Expense, Short-term Borrowings |
-757.00 |
1,133.00 |
961.00 |
2,511.00 |
2,955.00 |
Interest Expense, Other |
226.00 |
208.00 |
208.00 |
178.00 |
178.00 |
0 |
5,270.00 |
3,039.00 |
2,693.00 |
570.00 |
-368.00 |
Total Interest Expense |
10,068.00 |
8,988.00 |
7,667.00 |
6,020.00 |
4,360.00 |
Net Interest Income |
12,771.00 |
13,105.00 |
13,163.00 |
13,336.00 |
13,433.00 |
Provision
for loan losses |
1,282.00 |
1,197.00 |
1,713.00 |
1,207.00 |
957.00 |
Total Net Interest Income |
11,489.00 |
11,908.00 |
11,450.00 |
12,129.00 |
12,476.00 |
Fees and Commissions, Mortgage Banking and Servicing |
202.00 |
193.00 |
202.00 |
232.00 |
79.00 |
Revenue From Contract With Customer Excluding Assessed Tax |
2,169.00 |
2,224.00 |
2,163.00 |
2,114.00 |
2,049.00 |
Operating Leases, Income Statement, Lease Revenue |
- |
- |
- |
- |
- |
Other income |
562.00 |
381.00 |
412.00 |
580.00 |
731.00 |
Net Gains Losses From Equity Investments |
- |
- |
- |
- |
- |
Interest And Dividend Income From Trading Assets |
- |
- |
- |
- |
- |
Interest Income Other Loans Held For Sale |
- |
- |
- |
- |
- |
Fees And Commissions Depositors Accounts |
- |
- |
- |
- |
- |
Fees And Commissions Credit Card |
- |
- |
- |
- |
- |
Fees And Commission Mortgage Banking |
- |
- |
- |
- |
- |
Insurance Services Revenue |
- |
- |
- |
- |
- |
Noninterest Income Other Loss |
- |
- |
- |
- |
- |
Other Non-Interest Income |
4,989.00 |
3,074.00 |
2,844.00 |
2,126.00 |
-1,883.00 |
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52.00 |
329.00 |
232.00 |
570.00 |
-280.00 |
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-267.00 |
- |
- |
267.00 |
4,190.00 |
Total Noninterest Income |
7,707.00 |
7,752.00 |
7,370.00 |
7,393.00 |
6,227.00 |
Total Revenues |
19,196.00 |
19,660.00 |
18,820.00 |
19,522.00 |
18,703.00 |
Salaries & employee benefits, SGA |
259.00 |
215.00 |
184.00 |
154.00 |
178.00 |
Sale of assets |
- |
- |
- |
- |
- |
Occupancy, Net |
740.00 |
724.00 |
707.00 |
713.00 |
722.00 |
Professional and Contract Services Expense |
1,242.00 |
1,310.00 |
1,304.00 |
1,229.00 |
1,357.00 |
Debt extinguishments net |
- |
- |
- |
- |
- |
Restructuring & impairment charges |
- |
- |
- |
- |
- |
Federal Deposit Insurance Corporation Premium Expense |
- |
- |
- |
- |
- |
Other Noninterest Expense |
2,933.00 |
933.00 |
1,007.00 |
976.00 |
1,111.00 |
Total noninterest revenues |
10,612.00 |
9,931.00 |
9,785.00 |
10,604.00 |
12,834.00 |
Total Operating
Expenses |
15,786.00 |
13,113.00 |
12,987.00 |
13,676.00 |
16,202.00 |
Total Costs & Expenses |
25,854.00 |
22,101.00 |
20,654.00 |
19,696.00 |
20,562.00 |
Income /-loss before income taxes |
3,410.00 |
6,547.00 |
5,833.00 |
5,846.00 |
2,501.00 |
Income taxes expenses/-benefit |
-100.00 |
811.00 |
930.00 |
966.00 |
-127.00 |
Income after income taxes |
3,510.00 |
5,736.00 |
4,903.00 |
4,880.00 |
2,628.00 |
Net income/-loss
of other equity |
-128.00 |
62.00 |
70.00 |
222.00 |
472.00 |
Income /-loss after income taxes |
3,382.00 |
5,798.00 |
4,973.00 |
5,102.00 |
3,100.00 |
Stockholders Equity Attributable to Noncontrolling Interest |
64.00 |
-31.00 |
-35.00 |
-111.00 |
-236.00 |
Accounting Change |
- |
- |
- |
- |
- |
Net Income/-loss |
3,382.00 |
5,798.00 |
4,973.00 |
5,102.00 |
3,100.00 |
Noncontrolling interests |
64.00 |
-31.00 |
-35.00 |
-111.00 |
-236.00 |
Prefered dividends |
286.00 |
317.00 |
279.00 |
278.00 |
279.00 |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
3,160.00 |
5,450.00 |
4,659.00 |
4,713.00 |
2,585.00 |
Per
Share (GAAP Quarterly, in $) |
(Dec 31 2023) IV. Quarter |
(Sep 30 2023) III. Quarter |
(Jun 30 2023) II. Quarter |
(Mar 31 2023) I. Quarter |
(Dec 31 2022) IV. Quarter |
Basic EPS (excl. extra
items) |
0.89 |
1.49 |
1.26 |
1.24 |
0.68 |
Extraordinary items |
0.02 |
0.00 |
0.00 |
0.00 |
0.00 |
Basic Net EPS |
0.87 |
1.49 |
1.26 |
1.24 |
0.68 |
Basic shares outstanding (Mill.
of Units) |
3,618.90 |
3,648.80 |
3,699.90 |
3,785.60 |
3,799.40 |
EPS other shares |
- |
- |
- |
- |
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Diluted Net EPS |
0.87 |
1.48 |
1.25 |
1.23 |
0.68 |
Diluted average shares (Mill.
of Units) |
3,722.98 |
3,680.60 |
3,724.90 |
3,818.70 |
3,842.99 |
Dividend per share |
0.263 |
0.26 |
0.299 |
0.298 |
0.296 |
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