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Consolidated Statement of Income (Unaudited) (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Interest income    
Trading assets $ 327 $ 377
Securities available for sale 1,925 2,088
Mortgages held for sale 371 459
Loans held for sale 3 9
Loans 8,861 9,197
Other interest income 163 125
Total interest income 11,650 12,255
Interest expense:    
Deposits 369 457
Short-term borrowings 20 16
Long-term debt 697 830
Other interest expense 65 64
Total interest expense 1,151 1,367
Net interest income 10,499 10,888
Provision for credit losses 1,219 1,995
Net interest income after provision for credit losses 9,280 8,893
Noninterest income    
Service charges on deposit accounts 1,214 1,084
Trust and investment fees 3,202 2,839
Card fees 738 654
Other fees 1,034 1,095
Mortgage banking 2,794 2,870
Insurance 463 519
Net gains from trading activities 570 640
Net gains (losses) on debt securities available for sale 45 [1] (7) [1]
Net gains from equity investments 113 [2] 364 [2]
Lease income 130 59
Other 457 631
Total noninterest income 10,760 10,748
Noninterest expense    
Salaries 3,663 3,601
Commission and incentive compensation 2,577 2,417
Employee benefits 1,583 1,608
Equipment 528 557
Net occupancy 719 704
Core deposit and other intangibles 377 419
FDIC and other deposit assessments 292 357
Other 2,661 3,330
Total noninterest expense 12,400 12,993
Income before income tax expense 7,640 6,648
Income tax expense 2,420 2,328
Net income before noncontrolling interests 5,220 4,320
Less: Net income from noncontrolling interests 49 72
Wells Fargo net income 5,171 4,248
Less: Preferred stock dividends and other 240 226
Wells Fargo net income applicable to common stock $ 4,931 $ 4,022
Per share information    
Earnings per common share $ 0.93 $ 0.76
Diluted earnings per common share $ 0.92 $ 0.75
Dividends declared per common share $ 0.25 $ 0.22
Average common shares outstanding 5,279.0 5,282.6
Diluted average common shares outstanding 5,353.5 5,337.8
[1] Total other-than-temporary impairment (OTTI) losses (gains) were $(15) million and $35 million for first quarter 2013 and 2012, respectively. Of total OTTI, losses of $34 million and $50 million were recognized in earnings, and gains of $(49) million and $(15) million were recognized as non-credit-related OTTI in other comprehensive income for first quarter 2013 and 2012, respectively.
[2] Includes OTTI losses of $44 million and $15 million for first quarter 2013 and 2012, respectively.