WELLS FARGO & COMPANY/MN WFC Income Statement

Wells fargo & company/mn (WFC)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09	Sep'08	Jun'08
Interest income
Debt securities
3,472	3,567	3,666	3,781	3,941	3,803	3,595	3,594	3,414	3,294	3,253	3,226	3,173	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Trading assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	593	572	596	558	485	483	445	477	427	407	374	378	331	340	327	339	299	343	377	400	343	347	350	295	270	266	267	230	216	206	266	41	38
Investment securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,298	2,176	2,262	2,323	2,289	2,181	2,144	2,150	2,066	2,112	2,110	2,119	2,038	2,034	1,925	1,897	1,966	2,147	2,088	2,092	2,053	2,166	2,164	2,374	2,492	2,385	2,415	2,776	2,947	2,887	2,709	1,397	1,224
Mortgage loans held for sale
197	234	232	195	152	190	210	198	179	196	217	191	182	235	207	181	161	176	223	209	177	187	215	195	170	221	320	378	371	413	476	477	459	456	389	362	437	495	449	405	387	446	524	545	415	394	423
Loans held for sale
12	15	20	20	24	33	35	48	24	12	15	13	10	31	2	3	2	5	4	5	5	25	50	1	2	3	3	4	3	3	17	12	9	16	13	17	12	15	22	30	34	32	34	50	67	12	10
Loans
10,065	10,494	10,982	11,316	11,354	11,367	11,116	10,912	10,579	10,367	10,522	10,358	10,141	10,128	9,978	9,822	9,577	9,323	9,216	9,098	8,938	9,091	8,963	8,852	8,746	8,907	8,901	8,902	8,861	9,027	9,016	9,242	9,197	9,275	9,224	9,361	9,387	9,666	9,779	10,277	10,038	10,122	10,170	10,532	10,765	6,888	6,806
Equity securities
206	269	247	236	210	260	280	221	231	239	186	199	175	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other interest income
775	1,016	1,352	1,438	1,322	1,268	1,128	1,042	920	850	851	707	532	282	409	392	374	258	228	250	254	253	243	226	210	208	183	169	163	178	151	133	125	139	156	131	122	124	118	109	84	86	77	81	91	42	46
Total interest income
14,727	15,595	16,499	16,986	17,003	16,921	16,364	16,015	15,347	14,958	15,044	14,694	14,213	14,058	13,487	13,146	12,972	12,643	12,445	12,226	11,963	12,183	11,964	11,793	11,612	11,836	11,776	11,827	11,650	11,857	11,925	12,354	12,255	12,378	12,178	12,384	12,472	12,969	13,130	13,472	13,225	13,692	13,968	14,301	14,313	8,774	8,547
Interest expense
Deposits
1,742	2,072	2,324	2,213	2,026	1,765	1,499	1,268	1,090	931	869	677	536	400	356	332	307	241	232	232	258	269	273	275	279	297	318	353	369	399	428	443	457	507	559	594	615	662	721	714	735	913	905	957	999	1,019	1,063
Short-term borrowings
291	439	635	646	596	546	462	398	311	255	226	163	114	101	85	77	67	13	12	21	18	18	15	14	12	14	9	17	20	24	19	20	16	14	20	20	26	26	27	21	18	12	32	55	123	492	357
Interest Expense, Long-term Debt
1,240	1,743	1,780	1,900	1,927	1,802	1,667	1,658	1,576	1,344	1,391	1,275	1,147	1,061	1,006	921	842	713	655	620	604	620	629	620	619	635	621	632	697	735	756	789	830	885	980	1,009	1,104	1,153	1,226	1,233	1,276	1,217	1,301	1,485	1,779	882	849
Other interest expense
142	141	135	132	143	164	164	150	132	115	109	108	92	94	88	83	89	88	89	83	97	96	106	93	87	87	80	75	65	56	60	65	64	80	77	83	76	65	58	55	49	50	46	40	36	0	0
Total interest expense
3,415	4,395	4,874	4,891	4,692	4,277	3,792	3,474	3,109	2,645	2,595	2,223	1,889	1,656	1,535	1,413	1,305	1,055	988	956	977	1,003	1,023	1,002	997	1,033	1,028	1,077	1,151	1,214	1,263	1,317	1,367	1,486	1,636	1,706	1,821	1,906	2,032	2,023	2,078	2,192	2,284	2,537	2,937	2,393	2,269
Net interest income
11,312	11,200	11,625	12,095	12,311	12,644	12,572	12,541	12,238	12,313	12,449	12,471	12,324	12,402	11,952	11,733	11,667	11,588	11,457	11,270	10,986	11,180	10,941	10,791	10,615	10,803	10,748	10,750	10,499	10,643	10,662	11,037	10,888	10,892	10,542	10,678	10,651	11,063	11,098	11,449	11,147	11,500	11,684	11,764	11,376	6,381	6,278
Provision for credit losses, debt securities
172	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for credit losses, loans
3,833	-	-	-	845	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for credit losses
-	-	695	503	-	521	580	452	191	651	717	555	605	805	805	1,074	1,086	831	703	300	608	485	368	217	325	363	75	652	1,219	1,831	1,591	1,800	1,995	2,040	1,811	1,838	2,210	2,989	3,445	3,989	5,330	5,913	6,111	5,086	4,558	2,495	3,012
Net interest income after provision for credit losses
7,307	10,556	10,930	11,592	11,466	12,123	11,992	12,089	12,047	11,662	11,732	11,916	11,719	11,597	11,147	10,659	10,581	10,757	10,754	10,970	10,378	10,695	10,573	10,574	10,290	10,440	10,673	10,098	9,280	8,812	9,071	9,237	8,893	8,852	8,731	8,840	8,441	8,074	7,653	7,460	5,817	5,587	5,573	6,678	6,818	3,886	3,266
Noninterest income
Mortgage banking
379	783	466	758	708	467	846	770	934	928	1,046	1,148	1,228	1,417	1,667	1,414	1,598	1,660	1,589	1,705	1,547	1,515	1,633	1,723	1,510	1,570	1,608	2,802	2,794	3,068	2,807	2,893	2,870	2,364	1,833	1,619	2,016	2,757	2,499	2,011	2,470	3,411	3,067	3,046	2,504	892	1,197
Insurance
95	98	91	93	96	109	104	102	114	223	269	280	277	262	293	286	427	427	376	461	430	382	388	453	432	453	413	485	463	395	414	522	519	466	423	568	503	564	397	544	621	482	468	595	581	439	550
Net gains from trading activities
64	131	276	229	357	10	158	191	243	-1	120	151	272	-333	415	328	200	99	-26	133	408	179	168	382	432	325	397	331	570	275	529	263	640	430	-442	414	612	532	470	109	537	516	622	749	787	-	-
Net gains on debt securities
237	-8	3	20	125	9	57	41	1	157	166	120	36	145	106	447	244	346	147	181	278	186	253	71	83	-14	-6	-54	45	-63	3	-61	-7	48	300	-128	-166	-268	-114	30	28	110	-40	-78	-119	84	-91
GainsLossesFromEquityInvestments
-1,401	451	956	622	814	21	416	295	783	572	363	274	570	530	140	189	244	423	920	517	370	372	712	449	847	654	502	203	113	715	164	242	364	61	344	724	353	317	131	288	43	273	29	40	-157	-509	47
Lease income
352	343	402	424	443	402	453	443	455	458	475	493	481	523	534	497	373	145	189	155	132	127	137	129	133	148	160	225	130	170	218	120	59	60	284	103	77	79	222	329	185	163	224	168	130	-	-
Other
372	335	1,528	744	574	753	633	485	602	558	199	472	374	-382	315	482	874	52	266	-140	286	507	151	241	115	39	191	-8	457	367	411	398	631	759	357	364	409	453	536	581	610	264	536	476	552	360	818
Total noninterest income
6,405	8,660	10,385	9,489	9,298	8,336	9,369	9,012	9,696	9,737	9,400	9,764	9,931	9,180	10,376	10,429	10,528	9,998	10,418	10,048	10,292	10,263	10,272	10,275	10,010	9,862	9,730	10,628	10,760	11,305	10,551	10,252	10,748	9,713	9,086	9,708	9,678	10,431	9,776	9,945	10,301	11,196	10,782	10,743	9,641	3,996	5,182
Noninterest expense
Salaries
4,721	4,721	4,695	4,541	4,425	4,545	4,461	4,465	4,363	4,403	4,356	4,343	4,261	4,193	4,224	4,099	4,036	4,061	4,035	3,936	3,851	3,938	3,914	3,795	3,728	3,811	3,910	3,768	3,663	3,735	3,648	3,705	3,601	3,706	3,718	3,584	3,454	3,513	3,478	3,564	3,314	3,505	3,428	3,438	3,386	2,078	2,030
Commission and incentive compensation
2,463	2,651	2,735	2,597	2,845	2,427	2,427	2,642	2,768	2,665	2,553	2,499	2,725	2,478	2,520	2,604	2,645	2,457	2,604	2,606	2,685	2,582	2,527	2,445	2,416	2,347	2,401	2,626	2,577	2,365	2,368	2,354	2,417	2,251	2,088	2,171	2,347	2,195	2,280	2,225	1,992	2,086	2,051	2,060	1,824	555	806
Employee benefits
1,130	1,436	1,164	1,336	1,938	706	1,377	1,245	1,598	1,293	1,279	1,308	1,686	1,101	1,223	1,244	1,526	1,042	821	1,106	1,477	1,124	931	1,170	1,372	1,160	1,172	1,118	1,583	891	1,063	1,049	1,608	1,012	780	1,164	1,392	1,192	1,074	1,063	1,322	1,144	1,034	1,227	1,284	486	593
Technology and equipment
661	802	693	607	661	643	634	550	617	608	523	529	577	642	491	493	528	640	459	470	494	581	457	445	490	567	471	418	528	542	510	459	557	607	516	528	632	813	557	588	678	681	563	575	687	302	305
Net occupancy
715	749	760	719	717	735	718	722	713	715	716	706	712	710	718	716	711	725	728	710	723	730	731	722	742	732	728	716	719	728	727	698	704	759	751	749	752	750	742	742	796	770	778	783	796	402	400
Core deposit and other intangibles
23	26	27	27	28	264	264	265	265	288	288	287	289	301	299	299	293	311	311	312	312	338	342	349	341	375	375	377	377	418	419	418	419	467	466	464	483	549	548	553	549	642	642	646	647	47	46
FDIC and other deposit assessments
118	130	93	144	159	153	336	297	324	312	314	328	333	353	310	255	250	258	245	222	248	231	229	225	243	196	214	259	292	307	359	333	357	314	332	315	305	301	300	295	301	302	228	981	338	37	18
Other
3,217	5,099	5,032	3,478	3,143	3,866	3,546	3,796	4,394	6,516	4,322	3,541	3,209	3,437	3,483	3,156	3,039	3,105	3,196	3,107	2,717	3,123	3,117	3,043	2,616	2,897	2,831	2,973	2,661	3,910	3,018	3,381	3,330	3,392	3,026	3,500	3,368	4,027	3,274	3,716	3,165	3,691	2,960	2,987	2,856	1,594	1,647
Total noninterest expense
13,048	15,614	15,199	13,449	13,916	13,339	13,763	13,982	15,042	16,800	14,351	13,541	13,792	13,215	13,268	12,866	13,028	12,599	12,399	12,469	12,507	12,647	12,248	12,194	11,948	12,085	12,102	12,255	12,400	12,896	12,112	12,397	12,993	12,508	11,677	12,475	12,733	13,340	12,253	12,746	12,117	12,821	11,684	12,697	11,818	5,501	5,845
Income before income tax expense
664	3,602	6,116	7,632	6,848	7,120	7,598	7,119	6,701	4,599	6,781	8,139	7,858	7,562	8,255	8,222	8,081	8,156	8,773	8,549	8,163	8,311	8,597	8,655	8,352	8,217	8,301	8,471	7,640	7,221	7,510	7,092	6,648	6,057	6,140	6,073	5,386	5,165	5,176	4,659	4,001	3,962	4,671	4,724	4,641	2,381	2,603
Income tax expense
159	678	1,304	1,294	881	966	1,512	1,810	1,374	-1,642	2,181	2,245	2,133	2,258	2,601	2,649	2,567	2,533	2,790	2,763	2,279	2,519	2,642	2,869	2,277	2,504	2,618	2,863	2,420	1,924	2,480	2,371	2,328	1,874	1,998	2,001	1,572	1,672	1,751	1,514	1,401	949	1,355	1,475	1,552	730	834
Net income before noncontrolling interests
505	2,924	4,812	6,338	5,967	6,154	6,086	5,309	5,327	6,241	4,600	5,894	5,725	5,304	5,654	5,573	5,514	5,623	5,983	5,786	5,884	5,792	5,955	5,786	6,075	5,713	5,683	5,608	5,220	5,297	5,030	4,721	4,320	4,183	4,142	4,072	3,814	3,493	3,425	3,145	2,600	3,013	3,316	3,249	3,089	1,651	1,769
Less: Net income (loss) from noncontrolling interests
-148	51	202	132	107	90	79	123	191	90	58	38	91	30	10	15	52	48	187	67	80	83	226	60	182	103	105	89	49	207	93	99	72	76	87	124	55	79	86	83	53	190	81	77	44	14	16
Wells Fargo net income
653	2,873	4,610	6,206	5,860	6,064	6,007	5,186	5,136	6,151	4,542	5,856	5,634	5,274	5,644	5,558	5,462	5,575	5,796	5,719	5,804	5,709	5,729	5,726	5,893	5,610	5,578	5,519	5,171	5,090	4,937	4,622	4,248	4,107	4,055	3,948	3,759	3,414	3,339	3,062	2,547	2,823	3,235	3,172	3,045	1,637	1,753
Less: Preferred stock dividends and other
611	327	573	358	353	353	554	394	403	411	411	406	401	402	401	385	377	372	353	356	343	327	321	302	286	241	261	247	240	233	220	219	226	219	216	220	189	182	189	184	175	-	-	-	-	-	-
Wells Fargo net income applicable to common stock
42	2,546	4,037	5,848	5,507	5,711	5,453	4,792	4,733	5,740	4,131	5,450	5,233	4,872	5,243	5,173	5,085	5,203	5,443	5,363	5,461	5,382	5,408	5,424	5,607	5,369	5,317	5,272	4,931	4,857	4,717	4,403	4,022	3,888	3,839	3,728	3,570	3,232	3,150	2,878	2,372	394	2,637	2,575	2,384	1,637	1,753
Earnings Per Share [Abstract]
Earnings per common share (in dollars per share)
0.01	0.63	0.93	1.31	1.21	1.22	1.14	0.98	0.97	1.17	0.83	1.09	1.05	0.97	1.04	1.02	1.00	1.02	1.06	1.04	1.06	1.04	1.04	1.02	1.07	1.02	1.00	1.00	0.93	0.92	0.89	0.83	0.76	0.74	0.73	0.70	0.68	0.62	0.60	0.55	0.46	0.06	0.56	0.58	0.56	0.49	0.53
Diluted earnings per common share (in dollars per share)
0.01	0.63	0.92	1.30	1.20	1.21	1.13	0.98	0.96	1.16	0.83	1.08	1.03	0.96	1.03	1.01	0.99	1.00	1.05	1.03	1.04	1.02	1.02	1.01	1.05	1.00	0.99	0.98	0.92	0.91	0.88	0.82	0.75	0.73	0.72	0.70	0.67	0.61	0.60	0.55	0.45	0.06	0.56	0.57	0.56	0.49	0.53
Dividends declared per common share (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	0.38	0.38	-	0.38	0.38	0.37	0.37	0.37	0.37	0.35	0.35	0.35	0.35	0.30	0.30	0.30	0.30	0.25	0.22	0.22	0.22	0.22	0.12	0.12	0.12	0.12	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.34	0.34	0.31
Average common shares outstanding (in shares)
4,104	4,193	4,358	4,469	4,551	4,663	4,784	4,865	4,885	4,911	4,948	4,989	5,008	5,025	5,043	5,066	5,075	5,107	5,125	5,151	5,160	5,191	5,225	5,268	5,262	5,270	5,295	5,304	5,279	5,272	5,288	5,306	5,282	5,271	5,275	5,286	5,278	5,257	5,240	5,219	5,190	4,772	4,678	4,483	4,247	3,316	3,309
Diluted average common shares outstanding (in shares)
4,135	4,233	4,389	4,495	4,584	4,699	4,823	4,899	4,930	4,964	4,996	5,037	5,070	5,081	5,094	5,118	5,139	5,181	5,193	5,220	5,243	5,283	5,310	5,350	5,353	5,365	5,381	5,384	5,353	5,342	5,355	5,369	5,337	5,309	5,319	5,331	5,333	5,293	5,273	5,260	5,225	4,793	4,706	4,501	4,249	3,331	3,321
Service charges on deposit accounts [Member]
Fee income
1,209	1,279	1,219	1,206	1,094	1,176	1,204	1,163	1,173	1,246	1,276	1,276	1,313	1,357	1,370	1,336	1,309	1,329	1,335	1,289	1,215	1,241	1,311	1,283	1,215	1,283	1,278	1,248	1,214	1,250	1,210	1,139	1,084	1,091	1,103	1,074	1,012	1,035	1,132	1,417	1,332	1,421	1,478	1,448	1,394	839	800
Trust and investment fees [Member]
Fee income
3,574	3,572	3,559	3,568	3,373	3,520	3,631	3,675	3,683	3,687	3,609	3,629	3,570	3,698	3,613	3,547	3,385	3,511	3,570	3,710	3,677	3,705	3,554	3,609	3,412	3,458	3,276	3,494	3,202	3,199	2,954	2,898	2,839	2,658	2,786	2,944	2,916	2,958	2,564	2,743	2,669	2,605	2,502	2,413	2,215	738	762
Card fees [Member]
Fee income
892	1,020	1,027	1,025	944	981	1,017	1,001	908	996	1,000	1,019	945	1,001	997	997	941	966	953	930	871	925	875	847	784	827	813	813	738	736	744	704	654	680	1,013	1,003	957	941	935	911	865	961	946	923	853	601	588
Other fees [Member]
Fee income
632	656	858	800	770	888	850	846	800	913	877	902	865	962	926	906	933	1,040	1,099	1,107	1,078	1,124	1,090	1,088	1,047	1,119	1,098	1,089	1,034	1,193	1,097	1,134	1,095	1,096	1,085	1,023	989	1,063	1,004	982	941	990	950	963	901	552	511