Wells Fargo & Company Website

Wells Fargo & Company

NYSE-WFC

Income Statement
Dec '14
Dec '15
Dec '16
Dec '17
Dec '18
Dec '19
Dec '20
Dec '21
Dec '22
Dec '23
LTM

Interest Income On Loans

45,110

35,177

29,499

38,228

57,518

59,420

Interest Income On Investments

21,045

12,742

10,195

15,796

27,600

31,236

Interest Income, Total

66,155

47,919

39,694

54,024

85,118

90,656

Interest On Deposits

8,635

2,804

388

2,349

16,503

21,897

Total Interest On Borrowings

10,217

5,159

3,527

6,725

16,240

18,733

Interest Expense, Total

18,852

7,963

3,915

9,074

32,743

40,630

Net Interest Income

47,303

39,956

35,779

44,950

52,375

50,026

Service Charges On Deposits

7,293

6,602

6,920

6,713

6,140

6,334

Trust Income

9,814

9,863

11,011

9,004

8,670

9,139

Total Mortgage Banking Activities

2,715

3,530

4,956

1,383

829

868

Income From Trading Activities

3,976

2,710

7,264

1,461

4,368

5,320

Gain (Loss) on Sale of Assets

82

—

—

—

—

—

Gain (Loss) on Sale of Invest. & Securities

—

—

—

—

—

—

Total Other Non Interest Income

15,731

11,640

13,236

10,857

10,215

11,200

Non Interest Income, Total

39,611

34,345

43,387

29,418

30,222

32,861

Revenues Before Provison For Loan Losses

86,914

74,301

79,166

74,368

82,597

82,887

Provision For Loan Losses

2,687

14,129

-4,155

1,534

5,399

4,653

Total Revenues

84,227

60,172

83,321

72,834

77,198

78,234

Total Revenues % Chg.

-0.6%

-28.6%

38.5%

-12.6%

6%

2.7%

Salaries And Other Employee Benefits

33,911

34,189

34,536

33,362

34,707

34,753

Amort. of Goodwill & Intang. Assets

—

—

—

—

—

—

—

Occupancy Expense

1,419

1,815

1,631

1,582

1,626

1,626

Federal Deposit Insurance

—

—

—

—

—

—

—

Selling General & Admin Expenses, Total

13,840

12,475

11,892

11,345

12,197

12,334

Total Other Non Interest Expense

9,090

7,652

5,282

7,603

4,953

5,738

Non Interest Expense, Total

58,260

56,131

53,341

53,892

53,483

54,451

EBT, Excl. Unusual Items

25,967

4,041

29,980

18,942

23,715

23,783

Restructuring Charges

—

—

—

—

—

—

-1,499

-76

-5

—

—

Asset Writedown

—

—

—

—

—

—

-37

—

—

—

—

Legal Settlements

—

—

—

—

—

—

—

-341

-3,308

-179

-179

Other Unusual Items

—

—

—

—

—

—

—

—

—

-1,900

-1,900

EBT, Incl. Unusual Items

25,967

2,505

29,563

15,629

21,636

21,704

Income Tax Expense

5,761

-1,157

5,764

2,251

2,607

2,926

Earnings From Continuing Operations

20,206

3,662

23,799

13,378

19,029

18,778

Minority Interest

-491

-285

-1,690

299

113

-36

Net Income

19,715

3,377

22,109

13,677

19,142

18,742

Preferred Dividend and Other Adjustments

1,610

1,591

1,291

1,115

1,160

1,179

Net Income to Common Incl Extra Items

18,105

1,786

20,818

12,562

17,982

17,563

Net Income to Common Excl. Extra Items

18,105

1,786

20,818

12,562

17,982

17,563

Total Shares Outstanding

4,134.4

4,144

3,885.8

3,833.8

3,598.9

3,402.7

Weighted Avg. Shares Outstanding

4,393.1

4,118

4,061.9

3,805.2

3,688.3

3,569.1

Weighted Avg. Shares Outstanding Dil

4,425.4

4,134.2

4,096.2

3,837

3,720.4

3,605.8

EPS

4.1

0.4

5.1

3.3

4.9

4.9

EPS Diluted

4.1

0.4

5.1

3.3

4.8

4.9

Effective Tax Rate

22.2%

-46.2%

19.5%

14.4%

12%

13.5%