WELLS FARGO & COMPANY/MN WFC Income Statement

Wells fargo & company/mn (WFC)

Income statement / TTM

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
14,486	14,955	15,191	15,120	14,933	14,406	13,897	13,555	13,187	12,946	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Trading assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,319	2,211	2,122	1,971	1,890	1,832	1,756	1,685	1,586	1,490	1,423	1,376	1,337	1,305	1,308	1,358	1,419	1,463	1,467	1,440	1,335	1,262	1,181	1,098	1,033	979	919	918	729	551	0	0	0
Investment securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,059	9,050	9,055	8,937	8,764	8,541	8,472	8,438	8,407	8,379	8,301	8,116	7,894	7,822	7,935	8,098	8,293	8,380	8,399	8,475	8,757	9,196	9,415	9,666	10,068	10,523	11,025	11,319	9,940	8,217	0	0	0
Mortgage loans held for sale
858	813	769	747	750	777	783	790	783	786	825	815	805	784	725	741	769	785	796	788	774	767	801	906	1,089	1,290	1,482	1,638	1,737	1,825	1,868	1,781	1,666	1,644	1,683	1,743	1,786	1,736	1,687	1,762	1,902	1,930	1,878	1,777	0	0	0
Loans held for sale
67	79	97	112	140	140	119	99	64	50	69	56	46	38	12	14	16	19	39	85	81	78	56	9	12	13	13	27	35	41	54	50	55	58	57	66	79	101	118	130	150	183	163	139	0	0	0
Loans
42,857	44,146	45,019	45,153	44,749	43,974	42,974	42,380	41,826	41,388	41,149	40,605	40,069	39,505	38,700	37,938	37,214	36,575	36,343	36,090	35,844	35,652	35,468	35,406	35,456	35,571	35,691	35,806	36,146	36,482	36,730	36,938	37,057	37,247	37,638	38,193	39,109	39,760	40,216	40,607	40,862	41,589	38,355	34,991	0	0	0
Equity securities
958	962	953	986	971	992	971	877	855	799	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other interest income
4,581	5,128	5,380	5,156	4,760	4,358	3,940	3,663	3,328	2,940	2,372	1,930	1,615	1,457	1,433	1,252	1,110	990	985	1,000	976	932	887	827	770	723	693	661	625	587	548	553	551	548	533	495	473	435	397	356	328	335	291	260	0	0	0
Total interest income
63,807	66,083	67,409	67,274	66,303	64,647	62,684	61,364	60,043	58,909	58,009	56,452	54,904	53,663	52,248	51,206	50,286	49,277	48,817	48,336	47,903	47,552	47,205	47,017	47,051	47,089	47,110	47,259	47,786	48,391	48,912	49,165	49,195	49,412	50,003	50,955	52,043	52,796	53,519	54,357	55,186	56,274	51,356	45,935	0	0	0
Interest expense
Deposits
8,351	8,635	8,328	7,503	6,558	5,622	4,788	4,158	3,567	3,013	2,482	1,969	1,624	1,395	1,236	1,112	1,012	963	991	1,032	1,075	1,096	1,124	1,169	1,247	1,337	1,439	1,549	1,639	1,727	1,835	1,966	2,117	2,275	2,430	2,592	2,712	2,832	3,083	3,267	3,510	3,774	3,880	4,038	0	0	0
Short-term borrowings
2,011	2,316	2,423	2,250	2,002	1,717	1,426	1,190	955	758	604	463	377	330	242	169	113	64	69	72	65	59	55	49	52	60	70	80	83	79	69	70	70	80	92	99	100	92	78	83	117	222	702	1,027	0	0	0
Interest Expense, Long-term Debt
6,663	7,350	7,409	7,296	7,054	6,703	6,245	5,969	5,586	5,157	4,874	4,489	4,135	3,830	3,482	3,131	2,830	2,592	2,499	2,473	2,473	2,488	2,503	2,495	2,507	2,585	2,685	2,820	2,977	3,110	3,260	3,484	3,704	3,978	4,246	4,492	4,716	4,888	4,952	5,027	5,279	5,782	5,447	4,995	0	0	0
Other interest expense
550	551	574	603	621	610	561	506	464	424	403	382	357	354	348	349	349	357	365	382	392	382	373	347	329	307	276	256	246	245	269	286	304	316	301	282	254	227	212	200	185	172	0	0	0	0	0
Total interest expense
17,575	18,852	18,734	17,652	16,235	14,652	13,020	11,823	10,572	9,352	8,363	7,303	6,493	5,909	5,308	4,761	4,304	3,976	3,924	3,959	4,005	4,025	4,055	4,060	4,135	4,289	4,470	4,705	4,945	5,161	5,433	5,806	6,195	6,649	7,069	7,465	7,782	8,039	8,325	8,577	9,091	9,950	10,151	10,136	0	0	0
Net interest income
46,232	47,231	48,675	49,622	50,068	49,995	49,664	49,541	49,471	49,557	49,646	49,149	48,411	47,754	46,940	46,445	45,982	45,301	44,893	44,377	43,898	43,527	43,150	42,957	42,916	42,800	42,640	42,554	42,841	43,230	43,479	43,359	43,000	42,763	42,934	43,490	44,261	44,757	45,194	45,780	46,095	46,324	41,205	35,799	0	0	0
Provision for credit losses, debt securities
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for credit losses, loans
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for credit losses
-	-	2,564	2,449	-	1,744	1,874	2,011	2,114	2,528	2,682	2,770	3,289	3,770	3,796	3,694	2,920	2,442	2,096	1,761	1,678	1,395	1,273	980	1,415	2,309	3,777	5,293	6,441	7,217	7,426	7,646	7,684	7,899	8,848	10,482	12,633	15,753	18,677	21,343	22,440	21,668	18,250	15,151	0	0	0
Net interest income after provision for credit losses
40,385	44,544	46,111	47,173	47,670	48,251	47,790	47,530	47,357	47,029	46,964	46,379	45,122	43,984	43,144	42,751	43,062	42,859	42,797	42,616	42,220	42,132	41,877	41,977	41,501	40,491	38,863	37,261	36,400	36,013	36,053	35,713	35,316	34,864	34,086	33,008	31,628	29,004	26,517	24,437	23,655	24,656	22,955	20,648	0	0	0
Noninterest income
Mortgage banking
2,386	2,715	2,399	2,779	2,791	3,017	3,478	3,678	4,056	4,350	4,839	5,460	5,726	6,096	6,339	6,261	6,552	6,501	6,356	6,400	6,418	6,381	6,436	6,411	7,490	8,774	10,272	11,471	11,562	11,638	10,934	9,960	8,686	7,832	8,225	8,891	9,283	9,737	10,391	10,959	11,994	12,028	9,509	7,639	0	0	0
Insurance
377	378	389	402	411	429	543	708	886	1,049	1,088	1,112	1,118	1,268	1,433	1,516	1,691	1,694	1,649	1,661	1,653	1,655	1,726	1,751	1,783	1,814	1,756	1,757	1,794	1,850	1,921	1,930	1,976	1,960	2,058	2,032	2,008	2,126	2,044	2,115	2,166	2,126	2,083	2,165	0	0	0
Net gains from trading activities
700	993	872	754	716	602	591	553	513	542	210	505	682	610	1,042	601	406	614	694	888	1,137	1,161	1,307	1,536	1,485	1,623	1,573	1,705	1,637	1,707	1,862	891	1,042	1,014	1,116	2,028	1,723	1,648	1,632	1,784	2,424	2,674	0	0	0	-	-
Net gains on debt securities
252	140	157	211	232	108	256	365	444	479	467	407	734	942	1,143	1,184	918	952	792	898	788	593	393	134	9	-29	-78	-69	-76	-128	-17	280	213	54	-262	-676	-518	-324	54	128	20	-127	-153	-204	0	0	0
GainsLossesFromEquityInvestments
628	2,843	2,413	1,873	1,546	1,515	2,066	2,013	1,992	1,779	1,737	1,514	1,429	1,103	996	1,776	2,104	2,230	2,179	1,971	1,903	2,380	2,662	2,452	2,206	1,472	1,533	1,195	1,234	1,485	831	1,011	1,493	1,482	1,738	1,525	1,089	779	735	633	385	185	-597	-579	0	0	0
Lease income
1,521	1,612	1,671	1,722	1,741	1,753	1,809	1,831	1,881	1,907	1,972	2,031	2,035	1,927	1,549	1,204	862	621	603	551	525	526	547	570	666	663	685	743	638	567	457	523	506	524	543	481	707	815	899	901	740	685	0	0	0	-	-
Other
2,979	3,181	3,599	2,704	2,445	2,473	2,278	1,844	1,831	1,603	663	779	789	1,289	1,723	1,674	1,052	464	919	804	1,185	1,014	546	586	337	679	1,007	1,227	1,633	1,807	2,199	2,145	2,111	1,889	1,583	1,762	1,979	2,180	1,991	1,991	1,886	1,828	1,924	2,206	0	0	0
Total noninterest income
34,939	37,832	37,508	36,492	36,015	36,413	37,814	37,845	38,597	38,832	38,275	39,251	39,916	40,513	41,331	41,373	40,992	40,756	41,021	40,875	41,102	40,820	40,419	39,877	40,230	40,980	42,423	43,244	42,868	42,856	41,264	39,799	39,255	38,185	38,903	39,593	39,830	40,453	41,218	42,224	43,022	42,362	35,162	29,562	0	0	0
Noninterest expense
Salaries
18,678	18,382	18,206	17,972	17,896	17,834	17,692	17,587	17,465	17,363	17,153	17,021	16,777	16,552	16,420	16,231	16,068	15,883	15,760	15,639	15,498	15,375	15,248	15,244	15,217	15,152	15,076	14,814	14,751	14,689	14,660	14,730	14,609	14,462	14,269	14,029	14,009	13,869	13,861	13,811	13,685	13,757	12,330	10,932	0	0	0
Commission and incentive compensation
10,446	10,828	10,604	10,296	10,341	10,264	10,502	10,628	10,485	10,442	10,255	10,222	10,327	10,247	10,226	10,310	10,312	10,352	10,477	10,400	10,239	9,970	9,735	9,609	9,790	9,951	9,969	9,936	9,664	9,504	9,390	9,110	8,927	8,857	8,801	8,993	9,047	8,692	8,583	8,354	8,189	8,021	6,490	5,245	0	0	0
Employee benefits
5,066	5,874	5,144	5,357	5,266	4,926	5,513	5,415	5,478	5,566	5,374	5,318	5,254	5,094	5,035	4,633	4,495	4,446	4,528	4,638	4,702	4,597	4,633	4,874	4,822	5,033	4,764	4,655	4,586	4,611	4,732	4,449	4,564	4,348	4,528	4,822	4,721	4,651	4,603	4,563	4,727	4,689	4,031	3,590	0	0	0
Technology and equipment
2,763	2,763	2,604	2,545	2,488	2,444	2,409	2,298	2,277	2,237	2,271	2,239	2,203	2,154	2,152	2,120	2,097	2,063	2,004	2,002	1,977	1,973	1,959	1,973	1,946	1,984	1,959	1,998	2,039	2,068	2,133	2,139	2,208	2,283	2,489	2,530	2,590	2,636	2,504	2,510	2,497	2,506	2,127	1,869	0	0	0
Net occupancy
2,943	2,945	2,931	2,889	2,892	2,888	2,868	2,866	2,850	2,849	2,844	2,846	2,856	2,855	2,870	2,880	2,874	2,886	2,891	2,894	2,906	2,925	2,927	2,924	2,918	2,895	2,891	2,890	2,872	2,857	2,888	2,912	2,963	3,011	3,002	2,993	2,986	3,030	3,050	3,086	3,127	3,127	2,759	2,381	0	0	0
Core deposit and other intangibles
103	108	346	583	821	1,058	1,082	1,106	1,128	1,152	1,165	1,176	1,188	1,192	1,202	1,214	1,227	1,246	1,273	1,304	1,341	1,370	1,407	1,440	1,468	1,504	1,547	1,591	1,632	1,674	1,723	1,770	1,816	1,880	1,962	2,044	2,133	2,199	2,292	2,386	2,479	2,577	1,982	1,386	0	0	0
FDIC and other deposit assessments
485	526	549	792	945	1,110	1,269	1,247	1,278	1,287	1,328	1,324	1,251	1,168	1,073	1,008	975	973	946	930	933	928	893	878	912	961	1,072	1,217	1,291	1,356	1,363	1,336	1,318	1,266	1,253	1,221	1,201	1,197	1,198	1,126	1,812	1,849	1,584	1,374	0	0	0
Other
16,826	16,752	15,519	14,033	14,351	15,602	18,252	19,028	18,773	17,588	14,509	13,670	13,285	13,115	12,783	12,496	12,447	12,125	12,143	12,064	12,000	11,899	11,673	11,387	11,317	11,362	12,375	12,562	12,970	13,639	13,121	13,129	13,248	13,286	13,921	14,169	14,385	14,182	13,846	13,532	12,803	12,494	10,397	9,084	0	0	0
Total noninterest expense
57,310	58,178	55,903	54,467	55,000	56,126	59,587	60,175	59,734	58,484	54,899	53,816	53,141	52,377	51,761	50,892	50,495	49,974	50,022	49,871	49,596	49,037	48,475	48,329	48,390	48,842	49,653	49,663	49,805	50,398	50,010	49,575	49,653	49,393	50,225	50,801	51,072	50,456	49,937	49,368	49,319	49,020	41,700	35,861	0	0	0
Income before income tax expense
18,014	24,198	27,716	29,198	28,685	28,538	26,017	25,200	26,220	27,377	30,340	31,814	31,897	32,120	32,714	33,232	33,559	33,641	33,796	33,620	33,726	33,915	33,821	33,525	33,341	32,629	31,633	30,842	29,463	28,471	27,307	25,937	24,918	23,656	22,764	21,800	20,386	19,001	17,798	17,293	17,358	17,998	16,417	14,349	0	0	0
Income tax expense
3,435	4,157	4,445	4,653	5,169	5,662	3,054	3,723	4,158	4,917	8,817	9,237	9,641	10,075	10,350	10,539	10,653	10,365	10,351	10,203	10,309	10,307	10,292	10,268	10,262	10,405	9,825	9,687	9,195	9,103	9,053	8,571	8,201	7,445	7,243	6,996	6,509	6,338	5,615	5,219	5,180	5,331	5,112	4,591	0	0	0
Net income before noncontrolling interests
14,579	20,041	23,271	24,545	23,516	22,876	22,963	21,477	22,062	22,460	21,523	22,577	22,256	22,045	22,364	22,693	22,906	23,276	23,445	23,417	23,417	23,608	23,529	23,257	23,079	22,224	21,808	21,155	20,268	19,368	18,254	17,366	16,717	16,211	15,521	14,804	13,877	12,663	12,183	12,074	12,178	12,667	11,305	9,758	0	0	0
Less: Net income (loss) from noncontrolling interests
237	492	531	408	399	483	483	462	377	277	217	169	146	107	125	302	354	382	417	456	449	551	571	450	479	346	450	438	448	471	340	334	359	342	345	344	303	301	412	407	401	392	216	151	0	0	0
Wells Fargo net income
14,342	19,549	22,740	24,137	23,117	22,393	22,480	21,015	21,685	22,183	21,306	22,408	22,110	21,938	22,239	22,391	22,552	22,894	23,028	22,961	22,968	23,057	22,958	22,807	22,600	21,878	21,358	20,717	19,820	18,897	17,914	17,032	16,358	15,869	15,176	14,460	13,574	12,362	11,771	11,667	11,777	12,275	11,089	9,607	0	0	0
Less: Preferred stock dividends and other
1,869	1,611	1,637	1,618	1,654	1,704	1,762	1,619	1,631	1,629	1,620	1,610	1,589	1,565	1,535	1,487	1,458	1,424	1,379	1,347	1,293	1,236	1,150	1,090	1,035	989	981	940	912	898	884	880	881	844	807	780	744	730	0	0	0	-	-	-	-	-	-
Wells Fargo net income applicable to common stock
12,473	17,938	21,103	22,519	21,463	20,689	20,718	19,396	20,054	20,554	19,686	20,798	20,521	20,373	20,704	20,904	21,094	21,470	21,649	21,614	21,675	21,821	21,808	21,717	21,565	20,889	20,377	19,777	18,908	17,999	17,030	16,152	15,477	15,025	14,369	13,680	12,830	11,632	8,794	8,281	7,978	7,990	9,233	8,349	0	0	0
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
4,913	4,798	4,695	4,680	4,637	4,716	4,786	4,858	4,971	5,111	5,222	5,316	5,376	5,372	5,344	5,309	5,262	5,168	5,080	5,056	5,050	5,050	5,092	5,059	5,024	5,023	4,990	4,922	4,813	4,683	4,524	4,417	4,352	4,280	4,224	4,253	4,596	4,916	5,302	5,648	5,679	5,741	5,159	4,481	0	0	0
Trust and investment fees [Member]
Fee income
14,273	14,072	14,020	14,092	14,199	14,509	14,676	14,654	14,608	14,495	14,506	14,510	14,428	14,243	14,056	14,013	14,176	14,468	14,662	14,646	14,545	14,280	14,033	13,755	13,640	13,430	13,171	12,849	12,253	11,890	11,349	11,181	11,227	11,304	11,604	11,382	11,181	10,934	10,581	10,519	10,189	9,735	7,868	6,128	0	0	0
Card fees [Member]
Fee income
3,964	4,016	3,977	3,967	3,943	3,907	3,922	3,905	3,923	3,960	3,965	3,962	3,940	3,936	3,901	3,857	3,790	3,720	3,679	3,601	3,518	3,431	3,333	3,271	3,237	3,191	3,100	3,031	2,922	2,838	2,782	3,051	3,350	3,653	3,914	3,836	3,744	3,652	3,672	3,683	3,695	3,683	3,323	2,965	0	0	0
Other fees [Member]
Fee income
2,946	3,084	3,316	3,308	3,354	3,384	3,409	3,436	3,492	3,557	3,606	3,655	3,659	3,727	3,805	3,978	4,179	4,324	4,408	4,399	4,380	4,349	4,344	4,352	4,353	4,340	4,414	4,413	4,458	4,519	4,422	4,410	4,299	4,193	4,160	4,079	4,038	3,990	3,917	3,863	3,844	3,804	3,366	2,927	0	0	0