Wells Fargo 2006 Annual Report Download - page 6

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4
Our Performance
Double-digit growth: net income and earnings per share
$ in millions, except per share amounts 2006 2005 Change
FOR THE YEAR
Net income $ 8,482 $ 7,671 11%
Diluted earnings per common share 2.49 2.25 11
Profitability ratios:
Net income to average total assets (ROA) 1.75% 1.72% 2
Net income to average stockholders’equity (ROE) 19.65 19.59 —
Efficiency ratio 158.1 57.7 1
Total revenue $ 35,691 $ 32,949 8
Dividends declared per common share 1.08 1.00 8
Average common shares outstanding 3,368.3 3,372.5 —
Diluted average common shares outstanding 3,410.1 3,410.9 —
Average loans $306,911 $296,106 4
Average assets 486,023 445,790 9
Average core deposits 2260,022 242,754 7
Average retail core deposits 3213,818 201,867 6
Net interest margin 4.83% 4.86% (1)
AT YEAR END
Securities available for sale $ 42,629 $ 41,834 2
Loans 319,116 310,837 3
Allowance for loan losses 3,764 3,871 (3)
Goodwill 11,275 10,787 5
Assets 481,996 481,741 —
Core deposits 2270,224 253,341 7
Stockholders’ equity 45,876 40,660 13
Tier 1 capital 36,808 31,724 16
Total capital 51,427 44,687 15
Capital ratios:
Stockholders’ equity to assets 9.52% 8.44% 13
Risk-based capital
Tier 1 capital 8.95 8.26 8
Total capital 12.50 11.64 7
Tier 1 leverage 7.89 6.99 13
Book value per common share $ 13.58 $ 12.12 12
Team members (active,full-time equivalent) 158,000 153,500 3
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.