XML 17 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statement of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Interest income        
Trading assets $ 593 $ 485 $ 1,761 $ 1,413
Investment securities 2,298 2,289 6,736 6,614
Mortgages held for sale 207 223 549 609
Loans held for sale 2 4 7 14
Loans 9,978 9,216 29,377 27,252
Other interest income 409 228 1,175 732
Total interest income 13,487 12,445 39,605 36,634
Interest expense        
Deposits 356 232 995 722
Short-term borrowings 85 12 229 51
Long-term debt 1,006 655 2,769 1,879
Other interest expense 88 89 260 269
Total interest expense 1,535 988 4,253 2,921
Net interest income 11,952 11,457 35,352 33,713
Provision for credit losses 805 703 2,965 1,611
Net interest income after provision for credit losses 11,147 10,754 32,387 32,102
Noninterest income        
Service charges on deposit accounts 1,370 1,335 4,015 3,839
Trust and investment fees 3,613 3,570 10,545 10,957
Card fees 997 953 2,935 2,754
Other fees 926 1,099 2,765 3,284
Mortgage banking 1,667 1,589 4,679 4,841
Insurance 293 376 1,006 1,267
Net gains (losses) from trading activities 415 (26) 943 515
Net gains on debt securities [1] 106 147 797 606
Net gains from equity investments [2] 140 920 573 1,807
Lease income 534 189 1,404 476
Other 315 266 1,671 412
Total noninterest income 10,376 10,418 31,333 30,758
Noninterest expense        
Salaries 4,224 4,035 12,359 11,822
Commission and incentive compensation 2,520 2,604 7,769 7,895
Employee benefits 1,223 821 3,993 3,404
Equipment 491 459 1,512 1,423
Net occupancy 718 728 2,145 2,161
Core deposit and other intangibles 299 311 891 935
FDIC and other deposit assessments 310 245 815 715
Other 3,483 3,196 9,678 9,020
Total noninterest expense 13,268 12,399 39,162 37,375
Income before income tax expense 8,255 8,773 24,558 25,485
Income tax expense 2,601 2,790 7,817 7,832
Net income before noncontrolling interests 5,654 5,983 16,741 17,653
Less: Net income from noncontrolling interests 10 187 77 334
Wells Fargo net income 5,644 5,796 16,664 17,319
Less: Preferred stock dividends and other 401 353 1,163 1,052
Wells Fargo net income applicable to common stock $ 5,243 $ 5,443 $ 15,501 $ 16,267
Per share information        
Earnings per common share (in dollars per share) $ 1.04 $ 1.06 $ 3.06 $ 3.16
Diluted earnings per common share (in dollars per share) 1.03 1.05 3.03 3.12
Dividends declared per common share (in dollars per share) $ 0.38 $ 0.375 $ 1.135 $ 1.10
Average common shares outstanding (in shares) 5,043.4 5,125.8 5,061.9 5,145.9
Diluted average common shares outstanding (in shares) 5,094.6 5,193.8 5,118.2 5,220.3
[1] (1)Total other-than-temporary impairment (OTTI) losses were $36 million and $70 million for third quarter 2016 and 2015, respectively. Of total OTTI, losses of $51 million and $73 million were recognized in earnings, and reversal of losses of $(15) million and $(3) million were recognized as non-credit-related OTTI in other comprehensive income for third quarter 2016 and 2015, respectively. Total OTTI losses were $123 million and $73 million for the first nine months of 2016 and 2015, respectively. Of total OTTI, losses of $142 million and $123 million were recognized in earnings, and reversal of losses of $(19) million and $(50) million were recognized as non-credit-related OTTI in other comprehensive income for the first nine months of 2016 and 2015, respectively.
[2] (2)Includes OTTI losses of $85 million and $67 million for third quarter 2016 and 2015, respectively, and $322 million and $185 million for the first nine months of 2016 and 2015, respectively.