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Consolidated Statement of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Interest income      
Trading assets $ 1,440 $ 1,098 $ 918
Securities available for sale 8,475 9,666 11,319
Mortgages held for sale 1,644 1,736 1,930
Loans held for sale 58 101 183
Loans 37,247 39,760 41,589
Other interest income 548 435 335
Total interest income 49,412 52,796 56,274
Interest expense      
Deposits 2,275 2,832 3,774
Short-term borrowings 80 92 222
Long-term debt 3,978 4,888 5,782
Other interest expense 316 227 172
Total interest expense 6,649 8,039 9,950
Net interest income 42,763 44,757 46,324
Provision for credit losses 7,899 15,753 21,668
Net interest income after provision for credit losses 34,864 29,004 24,656
Noninterest income      
Service charges on deposit accounts 4,280 4,916 5,741
Trust and investment fees 11,304 10,934 9,735
Card fees 3,653 3,652 3,683
Other fees 4,193 3,990 3,804
Mortgage banking 7,832 9,737 12,028
Insurance 1,960 2,126 2,126
Net gains (losses) from trading activities 1,014 1,648 2,674
Net gains (losses) on debt securities available for sale 54 [1] (324) [1] (127) [1]
Net gains from equity investments 1,482 [2] 779 [2] 185 [2]
Operating leases 524 815 685
Other 1,889 2,180 1,828
Total noninterest income 38,185 40,453 42,362
Noninterest expense      
Salaries 14,462 13,869 13,757
Commission and incentive compensation 8,857 8,692 8,021
Employee benefits 4,348 4,651 4,689
Equipment 2,283 2,636 2,506
Net occupancy 3,011 3,030 3,127
Core deposit and other intangibles 1,880 2,199 2,577
FDIC and other deposit assessments 1,266 1,197 1,849
Other 13,286 14,182 12,494
Total noninterest expense 49,393 50,456 49,020
Income before income tax expense 23,656 19,001 17,998
Income tax expense 7,445 6,338 5,331
Net income before noncontrolling interests 16,211 12,663 12,667
Less: Net income from noncontrolling interests 342 301 392
Wells Fargo net income 15,869 12,362 12,275
Less: Preferred stock dividends and other 844 730 4,285
Wells Fargo net income applicable to common stock $ 15,025 $ 11,632 $ 7,990
Per share information      
Earnings per common share $ 2.85 $ 2.23 $ 1.76
Diluted earnings per common share $ 2.82 $ 2.21 $ 1.75
Dividends declared per common share $ 0.48 $ 0.20 $ 0.49
Average common shares outstanding 5,278.1 5,226.8 4,545.2
Diluted average common shares outstanding 5,323.4 5,263.1 4,562.7
[1] Total other-than-temporary impairment (OTTI) losses (gains) were $349 million, $500 million and $2,352 million for the year ended December 31, 2011, 2010 and 2009, respectively. Of total OTTI, $423 million, $672 million and $1,012 million were recognized in earnings, and $(74) million, $(172) million and $1,340 million were recognized as non-credit related OTTI in other comprehensive income for the year ended December 31, 2011, 2010 and 2009, respectively.
[2] Includes OTTI losses of $288 million, $268 million and $655 million for the year ended December 31, 2011, 2010 and 2009, respectively.