Financial Ratios Wells Fargo & Company

Equities

WFC

US9497461015

Banks

Market Closed - Nyse Other stock markets 04:00:19 2024-12-06 pm EST			5-day change	1st Jan Change
74.33 ^USD	+0.91%		-2.42%	+51.02%

Dec. 06	Goldmans Sachs Adjusts Price Target on Wells Fargo & Co. to $82 From $72, Keeps Buy Rating	MT
Dec. 05	Financials Give Back Some Gains on Jobs Nerves -- Financials Roundup	DJ

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Published financial data: WELLS FARGO & COMPANY

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Interest Income On Loans	45.04B	35.06B	29.5B	38.23B	57.52B
Interest Income On Investments	21.04B	12.74B	10.2B	15.8B	27.6B
Interest Income, Total	66.08B	47.8B	39.69B	54.02B	85.12B
Interest On Deposits	8.64B	2.8B	388M	2.35B	16.5B
Total Interest On Borrowings	10.22B	5.16B	3.53B	6.72B	16.24B
Interest Expense, Total	18.85B	7.96B	3.92B	9.07B	32.74B
Net Interest Income	47.23B	39.84B	35.78B	44.95B	52.38B
Service Charges On Deposits	4.8B	6.6B	6.92B	6.71B	6.14B
Trust Income	14.07B	2.87B	11.01B	9B	8.67B
Total Mortgage Banking Activities	2.72B	3.53B	4.92B	1.38B	829M
Income From Trading Activities	993M	2.71B	7.26B	1.46B	4.37B
Gain (Loss) on Sale of Assets	1.54B	71M	1.37B	-	-
Gain (Loss) on Sale of Invest. & Securities - (Rev)	1.68B	-1.4B	-	-	-
Total Other Non Interest Income	12.11B	18.23B	11.53B	10.27B	10.22B
Non Interest Income, Total	37.91B	32.61B	43.01B	28.83B	30.22B
Revenues Before Provison For Loan Losses	85.14B	72.45B	78.79B	73.78B	82.6B
Provision For Loan Losses	2.69B	14.13B	-4.16B	1.53B	5.4B
Total Revenues	82.46B	58.32B	82.95B	72.25B	77.2B
Salaries And Other Employee Benefits	32.81B	33.04B	34.54B	33.36B	34.71B
Amort. of Goodwill & Intang. Assets	108M	-	-	-	-
Occupancy Expense	1.42B	1.82B	1.63B	1.58B	1.63B
Federal Deposit Insurance	526M	-	-	-	-
Selling General & Admin Expenses, Total	7.37B	13.62B	11.89B	11.34B	12.2B
Total Other Non Interest Expense	15.76B	7.72B	5.77B	10.99B	4.95B
Non Interest Expense, Total	58B	56.2B	53.83B	57.28B	53.48B
EBT, Excl. Unusual Items	24.46B	2.12B	29.12B	14.97B	23.72B
Restructuring Charges	-	-1.5B	-76M	-5M	-
Asset Writedown	-265M	-37M	-227M	4M	-
Legal Settlements	-	-	-	-	-179M
Other Unusual Items	-	-	-	-	-1.9B
EBT, Incl. Unusual Items	24.2B	581M	28.82B	14.97B	21.64B
Income Tax Expense	4.16B	-3B	5.58B	2.09B	2.61B
Earnings From Continuing Operations	20.04B	3.59B	23.24B	12.88B	19.03B
Net Income to Company	20.04B	3.59B	23.24B	12.88B	19.03B
Minority Interest	-492M	-285M	-1.69B	300M	113M
Net Income - (IS)	19.55B	3.3B	21.55B	13.18B	19.14B
Preferred Dividend and Other Adjustments	1.61B	1.59B	1.29B	1.12B	1.16B
Net Income to Common Incl Extra Items	17.94B	1.71B	20.26B	12.07B	17.98B
Net Income to Common Excl. Extra Items	17.94B	1.71B	20.26B	12.07B	17.98B
Per Share Items
Net EPS - Basic	4.08	0.42	4.99	3.17	4.88
Basic EPS - Continuing Operations	4.08	0.42	4.99	3.17	4.88
Basic Weighted Average Shares Outstanding	4.39B	4.12B	4.06B	3.81B	3.69B
Net EPS - Diluted	4.05	0.41	4.95	3.14	4.83
Diluted EPS - Continuing Operations	4.05	0.41	4.95	3.14	4.83
Diluted Weighted Average Shares Outstanding	4.43B	4.13B	4.1B	3.84B	3.72B
Normalized Basic EPS	3.37	0.25	4.06	2.54	4.05
Normalized Diluted EPS	3.34	0.25	4.03	2.52	4.01
Dividend Per Share	1.92	1.22	0.6	1.1	1.3
Payout Ratio	49.05	186.06	16.83	40.15	30.98
American Depositary Receipts Ratio (ADR)	0.25	0.25	0.25	0.25	0.25
Supplemental Items
Effective Tax Rate - (Ratio)	17.18	-517.21	19.36	13.94	12.05
Current Domestic Taxes	7.25B	98M	6.7B	843M	2.43B
Current Foreign Taxes	154M	211M	171M	169M	227M
Total Current Taxes	7.4B	309M	6.87B	1.01B	2.66B
Deferred Domestic Taxes	-3.24B	-3.25B	-1.25B	1.08B	-76M
Deferred Foreign Taxes	-9M	-60M	-46M	-9M	26M
Total Deferred Taxes	-3.25B	-3.31B	-1.29B	1.08B	-50M
Normalized Net Income	14.8B	1.04B	16.51B	9.66B	14.93B
Non-Cash Pension Expense	34M	33M	1M	224M	62M
Supplemental Operating Expense Items
Stock-Based Comp., SG&A Exp. (Total)	2.27B	1.77B	1B	978M	1.12B
Total Stock-Based Compensation	2.27B	1.77B	1B	978M	1.12B

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	243B	330B	299B	226B	316B
Investment Securities, Total	188B	202B	191B	174B	154B
Trading Asset Securities, Total	121B	124B	137B	136B	134B
Mortgage Backed Securities	262B	259B	300B	270B	273B
Total investments	571B	585B	628B	579B	561B
Gross Loans	965B	890B	897B	958B	939B
Allowance For Loan Losses	-9.55B	-18.52B	-12.49B	-12.98B	-14.61B
Other Adjustments to Gross Loans	-2.49B	-1.93B	-1.62B	-1.78B	-2.4B
Net Loans	953B	869B	883B	943B	922B
Gross Property Plant And Equipment	37.22B	36.2B	34.34B	-	-
Accumulated Depreciation	-14.97B	-15.6B	-15.78B	-	-
Net Property Plant And Equipment	22.25B	20.6B	18.56B	17.98B	18.24B
Goodwill	26.39B	26.39B	25.18B	25.17B	25.18B
Other Intangibles, Total	423M	328M	211M	152M	-
Loans Held For Sale	24.32B	36.38B	23.62B	7.1B	4.94B
Accrued Interest Receivable	5.59B	4.62B	3.62B	5.81B	6.76B
Other Receivables	29.14B	38.12B	20.83B	23.65B	30.54B
Restricted Cash	-	-	1.21B	1.14B	1.22B
Other Current Assets, Total	253M	268M	155M	-	-
Other Real Estate Owned And Foreclosed	303M	159M	112M	137M	187M
Other Long-Term Assets, Total	51.81B	43.4B	44.12B	51.84B	46.14B
Total Assets	1,928B	1,955B	1,948B	1,881B	1,932B
Liabilities
Accrued Expenses, Total	62.59B	66.68B	63.69B	64.46B	66.52B
Interest Bearing Deposits	930B	923B	949B	917B	940B
Institutional Deposits	47.7B	14.01B	5.53B	9.13B	57.49B
Non-Interest Bearing Deposits	344B	467B	528B	458B	360B
Total Deposits	1,323B	1,404B	1,482B	1,384B	1,358B
Short-Term Borrowings	114B	75.51B	43.83B	71.23B	108B
Current Portion of Long-Term Debt	16.23B	24.41B	15.77B	19.61B	30.1B
Current Portion of Leases	1.01B	994M	948M	883M	875M
Long-Term Debt	177B	186B	143B	137B	156B
Federal Home Loan Bank Debt - Long-Term	32.99B	31M	-	17B	20.26B
Long-Term Leases	4.32B	4B	3.55B	3.6B	3.2B
Trust Preferred Securities (BS)	2.11B	2.09B	1.76B	1.57B	1.6B
Deferred Tax Liability Non-Current	7.28B	4.76B	2.79B	130M	631M
Other Non Current Liabilities	-	-	-	-	-
Total Liabilities	1,740B	1,769B	1,758B	1,699B	1,745B
Preferred Stock Redeemable	14.59B	14.42B	10.05B	10.05B	10.05B
Preferred Stock Non Redeemable	690M	690M	4.2B	4.2B	4.2B
Preferred Stock Convertible	6.2B	5.97B	5.81B	5.2B	5.2B
Preferred Stock - Others	-1.07B	-822M	-646M	-429M	-
Total Preferred Equity	20.41B	20.26B	19.41B	19.02B	19.45B
Common Stock, Total	9.14B	9.14B	9.14B	9.14B	9.14B
Additional Paid In Capital	61.05B	60.2B	60.2B	60.32B	60.56B
Retained Earnings	167B	163B	180B	188B	201B
Treasury Stock	-68.83B	-67.79B	-79.76B	-82.85B	-92.96B
Comprehensive Income and Other	-1.31B	194M	-1.7B	-13.38B	-11.58B
Total Common Equity	167B	165B	168B	161B	166B
Minority Interest	838M	1.03B	2.5B	1.99B	1.71B
Total Equity	188B	186B	190B	182B	187B
Total Liabilities And Equity	1,928B	1,955B	1,948B	1,881B	1,932B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	4.1B	4.13B	3.81B	3.79B	3.58B
ECS Total Common Shares Outstanding	4.13B	4.14B	3.89B	3.83B	3.6B
Book Value / Share	40.33	39.73	43.28	41.96	46.21
Tangible Book Value	140B	138B	143B	136B	141B
Tangible Book Value Per Share	33.84	33.28	36.75	35.36	39.21
Tangible Book Value Per Share (As Reported)	33.5	33.04	36.35	34.89	39.23
Average Assets	1,913B	1,944B	1,942B	1,894B	1,885B
Average Loans	972B	969B	892B	944B	950B
Total Debt	347B	293B	209B	251B	320B
Deposits at Interest - Cash	119B	236B	210B	125B	204B
Federal Funds Sold	102B	65.67B	66.22B	68.04B	80.46B
Debt Equivalent of Unfunded Proj. Benefit Obligation	925M	451M	-48M	-68M	-133M
Net Debt	-17.69B	-161B	-227B	-111B	-131B
Equity Method Investments, Total	19B	20.46B	8.2B	9.67B	10.25B
Full Time Employees	260K	269K	248K	238K	226K
Number Of Offices	7.4K	-	-	-	-
Assets under Capital Lease - Gross	-	-	-	-	-
Assets on Operating Lease - Gross	11.32B	10.5B	9.28B	-	-
Assets on Operating Lease - Accumulated Depreciation	-3.1B	-3.1B	-3.1B	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	19.55B	3.3B	21.55B	13.18B	19.14B
Depreciation, Depletion & Amortization	6.69B	8.33B	7.58B	6.53B	6.03B
Amortization of Goodwill and Intangible Assets - (CF)	388M	366M	264M	302M	238M
Total Depreciation, Depletion & Amortization	7.08B	8.7B	7.85B	6.83B	6.27B
(Gain) Loss On Sale of Asset - (CF)	-5.5B	5.26B	-	-	-
Total Asset Writedown	-	37M	41M	4M	-
Provision for Credit Losses	2.69B	14.13B	-4.16B	1.53B	5.4B
Stock-Based Compensation (CF)	2.27B	1.77B	-	-	-
Tax Benefit from Stock Options	-	-	-	-	-
Net (Increase) Decrease in Loans Originated / Sold - Operating	-45.96B	-59.37B	-57.63B	-9.49B	-3.57B
Change in Trading Asset Securities	19.4B	37.72B	16.86B	39.44B	7.5B
Changes in Accrued Interest Receivable	-	-	-	-	-
Changes in Accrued Interest Payable	-	-	-	-	-
Change In Deferred Taxes	-3.25B	-3.31B	-	-	-
Change in Other Net Operating Assets (Collected)	6.25B	-10.78B	16.94B	-9.37B	-2.22B
Other Operating Activities	4.19B	4.61B	-12.98B	-15.08B	7.84B
Cash from Operations	6.73B	2.05B	-11.52B	27.05B	40.36B
Cash Acquisitions	-	-	-	-	-
Purchase / Sale of Intangible Assets	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	3.23B	28.66B	-11.25B	19.23B	14.05B
Net (Increase) Decrease in Loans Originated / Sold - Investing	-15.06B	56.64B	397M	-61.81B	14.33B
Other Investing Activities, Total	-17.8B	37.25B	3.23B	101M	-12.34B
Cash from Investing	-29.63B	123B	-7.62B	-42.48B	16.04B
Short Term Debt Issued, Total	-	-	-	16.56B	38.41B
Long-Term Debt Issued, Total	53.38B	38.14B	1.28B	53.74B	49.07B
Total Debt Issued	53.38B	38.14B	1.28B	70.3B	87.48B
Short Term Debt Repaid, Total	-1.28B	-45.51B	-24.59B	-	-
Long-Term Debt Repaid, Total	-61B	-65.35B	-47.13B	-19.59B	-22.89B
Total Debt Repaid	-62.27B	-111B	-71.72B	-19.59B	-22.89B
Issuance of Common Stock	380M	571M	-	-	-
Repurchase of Common Stock	-24.84B	-3.76B	-14.46B	-6.03B	-11.85B
Issuance of Preferred Stock	-	3.12B	5.76B	-	1.72B
Repurchase of Preferred Stock	-1.55B	-3.6B	-6.68B	-	-1.72B
Common Dividends Paid	-8.2B	-4.85B	-2.42B	-4.18B	-4.79B
Preferred Dividends Paid	-1.39B	-1.29B	-1.2B	-1.12B	-1.14B
Common & Preferred Stock Dividends Paid	-9.59B	-6.14B	-3.63B	-5.29B	-5.93B
Net Increase (Decrease) in Deposit Accounts - (CF)	36.14B	81.76B	78.58B	-98.49B	-25.81B
Other Financing Activities, Total	-789M	-462M	-361M	-539M	-509M
Cash from Financing	-9.14B	-1.24B	-11.24B	-59.64B	20.49B
Net Change in Cash	-32.04B	123B	-30.38B	-75.07B	76.9B
Supplemental Items
Cash Interest Paid	18.83B	8.41B	4.38B	8.29B	30.43B
Cash Income Tax Paid (Refund)	7.56B	1.18B	3.17B	3.38B	-1.79B
Net Debt Issued / Repaid	-8.89B	-72.72B	-70.45B	50.71B	64.6B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	1.05	0.18	1.19	0.67	1
Return On Equity %	10.41	1.92	12.37	6.93	10.3
Return on Common Equity	10.51	1.03	12.18	7.33	10.98
Shareholders Value Added	-535M	-15.28B	1.9B	-6.26B	-270M
Margin Analysis
SG&A Margin	50.45	83.13	57.94	64.07	62.86
Net Interest Income / Total Revenues %	57.28	68.31	43.13	62.22	67.84
EBT Excl. Non-Recurring Items Margin %	29.67	3.63	35.11	20.72	30.72
Income From Continuing Operations Margin %	24.3	6.15	28.02	17.83	24.65
Net Income Margin %	23.71	5.66	25.98	18.25	24.8
Net Avail. For Common Margin %	21.75	2.93	24.42	16.7	23.29
Normalized Net Income Margin	17.95	1.78	19.9	13.37	19.35
Asset quality
Nonperforming Loans / Total Loans %	0.55	0.98	0.8	0.59	0.88
Nonperforming Loans / Total Assets %	0.28	0.45	0.37	0.3	0.43
Nonperforming Assets / Total Assets %	0.29	0.45	0.38	0.31	0.44
NPAs / Loans and OREO	0.59	1	0.82	0.6	0.9
NPAs / Equity	3	4.78	3.85	3.17	4.5
Allowance for Credit Losses / Net Charge-offs %	345.8	562.97	793.52	807.52	420.92
Allowance for Credit Losses / Nonperforming Loans %	178.66	212.14	173.18	230.8	176.91
Allowance for Credit Losses / Total Loans %	0.99	2.08	1.39	1.36	1.56
Net Charge-offs / Total Average Loans %	0.28	0.34	0.18	0.17	0.37
Provision for Loan Losses / Net Charge-offs %	97.28	429.58	-263.98	95.4	155.59
Earning Assets / IBL