Wells Fargo 2007 Annual Report Download - page 6

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4
Our Performance
Double-Digit Growth: Revenue, Loans and Deposits
$ in millions, except per share amounts 2007 2006 1% Change
FOR THE YEAR
Net income $ 8,057 $ 8,420 (4)%
Diluted earnings per common share 2.38 2.47 (4)
Profitability ratios:
Net income to average total assets (ROA) 1.55% 1.73% (10)
Net income to average stockholders’ equity (ROE) 17.12 19.52 (12)
Efficiency ratio 257.9 58.4 (1)
Total revenue $ 39,390 $ 35,691 10
Dividends declared per common share 1.18 1.08 9
Average common shares outstanding 3,348.5 3,368.3 (1)
Diluted average common shares outstanding 3,382.8 3,410.1 (1)
Average loans $344,775 $306,911 12
Average assets 520,752 486,023 7
Average core deposits 3303,091 268,853 13
Average retail core deposits 4228,667 215,788 6
Net interest margin 4.74% 4.83% (2)
AT YEAR END
Securities available for sale $ 72,951 $ 42,629 71
Loans 382,195 319,116 20
Allowance for loan losses 5,307 3,764 41
Goodwill 13,106 11,275 16
Assets 575,442 481,996 19
Core deposits 3311,731 288,068 8
Stockholders’ equity 47,628 45,814 4
Tier 1 capital 36,674 36,746 —
Total capital 51,638 51,365 1
Capital ratios:
Stockholders’ equity to assets 8.28% 9.51% (13)
Risk-based capital
Tier 1 capital 7.59 8.93 (15)
Total capital 10.68 12.49 (14)
Tier 1 leverage 6.83 7.88 (13)
Book value per common share $ 14.45 $ 13.57 6
Team members (active, full-time equivalent) 159,800 158,000 1
1 Revised to reflect $95 million of litigation expenses for indemnification obligations relating to the Company’s ownership in Visa.
2 Noninterest expense divided by total revenue (net interest income and noninterest income).
3 Noninterest-bearing deposits, interest-bearing checking, savings certificates, market rate and other savings, and certain foreign deposits (Eurodollar sweep balances).
4 Total core deposits excluding Wholesale Banking core deposits and retail mortgage escrow deposits.