Wells Fargo 2005 Annual Report Download - page 6

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4
Our Performance
Double-digit growth: earnings per share, revenue,loans and retail core deposits
$ in millions, except per share amounts 2005 2004 Change
FOR THE YEAR
Net income $ 7,671 $ 7,014 9%
Diluted earnings per common share 4.50 4.09 10
Profitability ratios
Net income to average total assets (ROA) 1.72% 1.71% 1
Net income applicable to common stock to
average common stockholders’equity (ROE) 19.57 19.56 —
Efficiency ratio 157.7 58.5 (1)
Total revenue $ 32,949 $ 30,059 10
Dividends declared per common share 2.00 1.86 8
Average common shares outstanding 1,686.3 1,692.2 —
Diluted average common shares outstanding 1,705.5 1,713.4 —
Average loans $296,106 $269,570 10
Average assets 445,790 410,579 9
Average core deposits 2242,754 223,359 9
Average retail core deposits 3201,867 183,716 10
Net interest margin 4.86% 4.89% (1)
AT YEAR END
Securities available for sale $ 41,834 $ 33,717 24
Loans 310,837 287,586 8
Allowance for loan losses 3,871 3,762 3
Goodwill 10,787 10,681 1
Assets 481,741 427,849 13
Core deposits 2253,341 229,703 10
Stockholders’ equity 40,660 37,866 7
Tier 1 capital 31,724 29,060 9
Total capital 44,687 41,706 7
Capital ratios
Stockholders’ equity to assets 8.44% 8.85% (5)
Risk-based capital
Tier 1 capital 8.26 8.41 (2)
Total capital 11.64 12.07 (4)
Tier 1 leverage 6.99 7.08 (1)
Book value per common share $ 24.25 $ 22.36 8
Team members (active, full-time equivalent) 153,500 145,500 5
1 The efficiency ratio is noninterest expense divided by total revenue (net interest income and noninterest income).
2 Core deposits are noninterest-bearing deposits, interest-bearing checking, savings certificates and market rate and other savings.
3 Retail core deposits are total core deposits excluding Wholesale Banking core deposits and retail mortgage escrow deposits.