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Wells Fargo Companymn (WFC) SEC Filing 10-K Annual report for the fiscal year ending Wednesday, December 31, 2014

Wells Fargo Company

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CIK: 72971 Ticker: WFC
Exhibit 99.1


 
 
 
 
  
Media
  
Investors
  
 
 
  
Mary Eshet
  
Jim Rowe
  
 
 
  
704-383-7777
  
415-396-8216
  
 
Wednesday, January 14, 2015
WELLS FARGO REPORTS RECORD FULL YEAR NET INCOME
2014 Net Income of $23.1 Billion, Up 5% from 2013; Diluted EPS of $4.10
Q4 Net Income of $5.7 Billion, Up 2% YoY; Diluted EPS of $1.02

Continued strong financial results:
◦
Full year 2014:
▪
Net income of $23.1 billion, up 5 percent from 2013
▪
Diluted earnings per share (EPS) of $4.10, up 5 percent
▪
Revenue of $84.3 billion, up 1 percent
▪
Pre-tax pre-provision profit (PTPP)1 of $35.3 billion, up 1 percent
▪
Return on assets (ROA) of 1.45 percent and return on equity (ROE) of 13.41 percent
▪
Returned $12.5 billion to shareholders through dividends and net share repurchases, up from $7.2 billion in 2013
◦
Fourth quarter 2014:
▪
Net income of $5.7 billion, up 2 percent from fourth quarter 2013
▪
Diluted EPS of $1.02, up 2 percent
▪
Revenue of $21.4 billion, up 4 percent
▪
PTPP1 of $8.8 billion, up 3 percent
▪
ROA of 1.36 percent and ROE of 12.84 percent
▪
Strong loan and deposit growth:
◦
Total average loans of $849.4 billion, up $36.1 billion, or 4 percent, from fourth quarter 2013
▪
Quarter-end loans of $862.6 billion, up $40.3 billion, or 5 percent
▪
Quarter-end core loans of $801.8 billion, up $60.3 billion, or 8 percent2 
◦
Total average deposits of $1.1 trillion, up $89.4 billion, or 8 percent
▪
Continued strength in credit quality:
◦
Net charge-offs of $735 million, down $228 million from fourth quarter 2013
▪
Net charge-off rate of 0.34 percent (annualized), down from 0.47 percent
◦
Nonaccrual loans down $2.8 billion, or 18 percent
◦
$250 million reserve release3

Endnotes can be found on page 12
The following information was filed by Wells Fargo Company (WFC) on Wednesday, January 14, 2015 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheet
Consolidated Balance Sheet (parenthetical)
Consolidated Statement Of Cash Flows
Consolidated Statement Of Changes In Equity
Consolidated Statement Of Changes In Equity (parenthetical)
Consolidated Statement Of Comprehensive Income
Consolidated Statement Of Income
Consolidated Statement Of Income (parenthetical)
Business Combinations
Business Combinations (details)
Business Combinations (tables)
Cash, Loan And Dividend Restrictions
Cash, Loan And Dividend Restrictions Textual (details)
Common Stock And Stock Plans
Common Stock And Stock Plans (tables)
Common Stock And Stock Plans Textuals (details)
Common Stock And Stock Plans, Common Stock Shares Reserved, Issued And Authorized (details)
Common Stock And Stock Plans, Employee Stock Ownership Plan (details)
Common Stock And Stock Plans, Stock Incentive Compensation Expense (details)
Common Stock And Stock Plans, Stock Option Plans (details)
Common Stock And Stock Plans, Summary Of Performance Awards (details)
Common Stock And Stock Plans, Summary Of Restricted Share Rights And Restricted Share Awards (details)
Common Stock And Stock Plans, Weighted-average Per Share Fair Value Of Options Granted (details)
Deposits
Deposits (details)
Deposits (tables)
Derivatives
Derivatives (tables)
Derivatives Textuals (details)
Derivatives, Balance Sheet Offsetting Of Assets And Liabilities (details)
Derivatives, Net Gains (losses) In Income Related To Derivatives Not Designated As Hedging Instruments (details)
Derivatives, Net Gains (losses) In Income Related To Fair Value Hedges (details)
Derivatives, Net Gains (losses) Related To Cash Flow Hedges (details)
Derivatives, Notional Or Contractual Amounts (details)
Derivatives, Sold And Purchased Credit Derivatives (details)
Earnings Per Common Share
Earnings Per Common Share (tables)
Earnings Per Common Share, Antidilutive Securities Excluded From The Calculation Of Diluted Earnings Per Common Share (details)
Earnings Per Common Share, Calculation Of Earnings And Diluted Earnings Per Common Share (details)
Employee Benefits And Other Expenses
Employee Benefits And Other Expenses (tables)
Employee Benefits And Other Expenses Textual (details)
Employee Benefits And Other Expenses, Expenses Not Otherwise Shown Separately In Financial Statements (details)
Employee Benefits, Amounts Recognized In Cumulative Oci And Weighted-average Assumptions In Determining Net Periodic Benefit Cost (details)
Employee Benefits, Balances Of Pension Plan And Other Benefit Plan Assets Measured At Fair Value (details)
Employee Benefits, Changes In Benefit Obligation And Plan Assets (details)
Employee Benefits, Changes In Fair Value In Pension Plan And Other Benefit Plan Assets Measured At Fair Value (details)
Employee Benefits, Components Of Net Periodic Benefit Cost (details)
Employee Benefits, Future Benefits Expected To Be Paid Under The Pension And Other Benefit Plans (details)
Employee Benefits, Pension Plans With Benefit Obligations In Excess Of Plan Assets (details)
Esop Preferred Stock (details)
Fair Value, Assets And Liabilities Measured On A Recurring Basis Level 3 Valuation Techniques And Significant Unobservable Inputs (details)
Fair Value, Assets And Liabilities Measured On Recurring Basis Level 3 Reconciliation (details)
Fair Value, Assets And Liabilities Measured On Recurring Basis Level 3 Reconciliation Breakout (details)
Fair Value, Assets And Liabilities Recorded At Fair Value On A Recurring Basis (details)
Fair Value, Assets Recorded At Fair Value On A Nonrecurring Basis Level 3 Valuation Techniques And Significant Unobservable Inputs (details)
Fair Value, Assets Recorded At Fair Value On Nonrecurring Basis (details)
Fair Value, Changes In Fair Value Of Assets Recorded At Fair Value On Nonrecurring Basis (details)
Fair Value, Estimates For Financial Instruments Excluding Those Recorded At Fair Value On A Recurring Basis (details)
Fair Value, Investments In Entities That Calculate Net Asset Value Per Share (details)
Fair Value, Measurements From Brokers Or Third Party Pricing Services (details)
Fair Value, Option, Carrying Amount (details)
Fair Value, Option, Gains And Losses (details)
Fair Value, Option, Instrument Specific Credit Risk (details)
Fair Value, Transfers Between Fair Value Levels (details)
Fair Values Of Assets And Liabilities
Fair Values Of Assets And Liabilities (tables)
Fair Values Of Assets And Liabilities Textuals (details)
Federal Funds Sold, Securities Purchased Under Resale Agreements And Other Short-term Investments
Federal Funds Sold, Securities Purchased Under Resale Agreements And Other Short-term Investments (details)
Federal Funds Sold, Securities Purchased Under Resale Agreements And Other Short-term Investments (tables)
Guarantees, Offsetting Of Resale And Repurchase Agreements And Securities Borrowing And Lending (details)
Guarantees, Pledged Assets And Collateral
Guarantees, Pledged Assets And Collateral (details)
Guarantees, Pledged Assets And Collateral (tables)
Guarantees, Pledged Assets And Collateral Textuals (details)
Income Taxes
Income Taxes (tables)
Income Taxes Textuals (details)
Income Taxes, Change In Unrecognized Tax Benefits (details)
Income Taxes, Components Of Income Tax Expense (details)
Income Taxes, Effective Income Tax Expense And Rate (details)
Income Taxes, Net Deferred Tax Asset (liability) (details)
Intangible Assets
Intangible Assets (details)
Intangible Assets (tables)
Intangible Assets, Allocation Of Goodwill To Operating Segments (details)
Intangible Assets, Amortization Expense (details)
Investment Securities
Investment Securities (tables)
Investment Securities Textuals (details)
Investment Securities, Contractual Maturities (details)
Investment Securities, Credit Loss Component (details)
Investment Securities, Gross Unrealized Losses And Fair Value (details)
Investment Securities, Major Categories (details)
Investment Securities, Otti Debt Securities (details)
Investment Securities, Otti Included In Earnings (details)
Investment Securities, Realized Gains And Losses (details)
Investment Securities, Unrealized Loss Position, By Credit Rating (details)
Legal Actions
Legal Actions (details)
Loans And Allowance For Credit Losses
Loans And Allowance For Credit Losses (tables)
Loans And Allowance For Credit Losses Textual (details)
Loans And Allowance For Credit Losses, 90 Days Or More Past Due And Still Accruing (details)
Loans And Allowance For Credit Losses, Allowance For Credit Losses (details)
Loans And Allowance For Credit Losses, Allowance For Credit Losses By Category (details)
Loans And Allowance For Credit Losses, Commitments To Lend (details)
Loans And Allowance For Credit Losses, Impaired Loans (details)
Loans And Allowance For Credit Losses, Impaired Loans, Average Recorded Investment And Interest Income (details)
Loans And Allowance For Credit Losses, Loans By Credit Impairment Methodology (details)
Loans And Allowance For Credit Losses, Loans By Credit Quality Indicator, Commercial (details)
Loans And Allowance For Credit Losses, Loans By Delinquency Status, Commercial (details)
Loans And Allowance For Credit Losses, Loans By Delinquency Status, Consumer (details)
Loans And Allowance For Credit Losses, Loans By Fico Score, Consumer (details)
Loans And Allowance For Credit Losses, Loans By Loan To Value Ratio, Consumer (details)
Loans And Allowance For Credit Losses, Loans Outstanding (details)
Loans And Allowance For Credit Losses, Nonaccrual (details)
Loans And Allowance For Credit Losses, Pci Loans Outstanding (details)
Loans And Allowance For Credit Losses, Pci, Accretable Yield (details)
Loans And Allowance For Credit Losses, Pci, Allowance For Credit Losses (details)
Loans And Allowance For Credit Losses, Pci, By Credit Quality Indicator (details)
Loans And Allowance For Credit Losses, Pci, By Delinquency Status, Commercial (details)
Loans And Allowance For Credit Losses, Pci, By Delinquency Status, Consumer (details)
Loans And Allowance For Credit Losses, Pci, By Fico Score, Consumer (details)
Loans And Allowance For Credit Losses, Pci, By Loan To Value Ratio, Consumer (details)
Loans And Allowance For Credit Losses, Significant Activity (details)
Loans And Allowance For Credit Losses, Troubled Debt Restructurings Modifications By Type (details)
Loans And Allowance For Credit Losses, Troubled Debt Restructurings, Current Defaults (details)
Long-term Debt
Long-term Debt (tables)
Long-term Debt Textuals (details)
Long-term Debt, Annual Maturities (details)
Long-term Debt, Summary (details)
Mortgage Banking Activities
Mortgage Banking Activities (tables)
Mortgage Banking Activities Textuals (details)
Mortgage Banking Activities, Amortized Mortgage Servicing Rights (details)
Mortgage Banking Activities, Liability For Mortgage Loan Repurchase Losses (details)
Mortgage Banking Activities, Managed Servicing Portfolio Components (details)
Mortgage Banking Activities, Mortgage Servicing Rights Carried At Fair Value (details)
Mortgage Banking Activities, Noninterest Income (details)
Operating Segments
Operating Segments (details)
Operating Segments (tables)
Other Assets (details)
Other Comprehensive Income
Other Comprehensive Income (tables)
Other Comprehensive Income, Components Of Other Comprehensive Income (details)
Other Comprehensive Income, Cumulative Oci Balances (details)
Parent-only Financial Statements
Parent-only Financial Statements (tables)
Parent-only Financial Statements, Balance Sheet (details)
Parent-only Financial Statements, Statement Of Cash Flows (details)
Parent-only Financial Statements, Statement Of Comprehensive Income (details)
Parent-only Financial Statements, Statement Of Income (details)
Preferred Stock
Preferred Stock (details)
Preferred Stock (tables)
Preferred Stock Textuals (details)
Premises, Equipment, And Lease Commitments (details)
Premises, Equipment, Lease Commitments And Other Assets
Premises, Equipment, Lease Commitments And Other Assets (tables)
Premises, Equipment, Lease Commitments And Other Assets Textuals (details)
Regulatory And Agency Capital Requirements
Regulatory And Agency Capital Requirements (details)
Regulatory And Agency Capital Requirements (tables)
Securitizations And Variable Interest Entities
Securitizations And Variable Interest Entities (details)
Securitizations And Variable Interest Entities (tables)
Securitizations And Variable Interest Entities Textual (details)
Securitizations And Variable Interest Entities, Cash Flow Securitizations (details)
Securitizations And Variable Interest Entities, Key Economic Assumptions - Mortgage Servicing Assets (details)
Securitizations And Variable Interest Entities, Key Economic Assumptions - Mortgage Servicing Rights (details)
Securitizations And Variable Interest Entities, Principal Balances Of Off-balance Sheet Securitized Loans (details)
Securitizations And Variable Interest Entities, Secured Borrowing And Consolidated Variable Interest Entity (details)
Securitizations And Variable Interest Entities, Significant Continuing Involvement - Unconsolidated Vies (details)
Short-term Borrowings
Short-term Borrowings (details)
Short-term Borrowings (tables)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (details)
Summary Of Significant Accounting Policies (policies)
Summary Of Significant Accounting Policies (tables)
Ticker: WFC
CIK: 72971
Form Type: 10-K Annual Report
Accession Number: 0000072971-15-000449
Submitted to the SEC: Wed Feb 25 2015 1:17:09 PM EST
Accepted by the SEC: Wed Feb 25 2015
Period: Wednesday, December 31, 2014
Industry: National Commercial Banks

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