Wells Fargo 2011 Annual Report Download - page 30

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Overview (continued)
Table 1: Six-Year Summary of Selected Financial Data
%
Five-year
Change
compound
2011/
growth
(in millions, except per share amounts)
2011
2010
2009
2008
2007
2006
2010
rate
Income statement
Net interest income
$
42,763
44,757
46,324
25,143
20,974
19,951
(4)
%
16
Noninterest income
38,185
40,453
42,362
16,734
18,546
15,817
(6)
19
Revenue
80,948
85,210
88,686
41,877
39,520
35,768
(5)
18
Provision for credit losses
7,899
15,753
21,668
15,979
4,939
2,204
(50)
29
Noninterest expense
49,393
50,456
49,020
22,598
22,746
20,767
(2)
19
Net income before
noncontrolling interests
16,211
12,663
12,667
2,698
8,265
8,567
28
14
Less: Net income from
noncontrolling interests
342
301
392
43
208
147
14
18
Wells Fargo net income
15,869
12,362
12,275
2,655
8,057
8,420
28
14
Earnings per common share
2.85
2.23
1.76
0.70
2.41
2.50
28
3
Diluted earnings per common share
2.82
2.21
1.75
0.70
2.38
2.47
28
3
Dividends declared per common share
0.48
0.20
0.49
1.30
1.18
1.08
140
(15)
Balance sheet (at year end)
Securities available for sale
$
222,613
172,654
172,710
151,569
72,951
42,629
29
%
39
Loans
769,631
757,267
782,770
864,830
382,195
319,116
2
19
Allowance for loan losses
19,372
23,022
24,516
21,013
5,307
3,764
(16)
39
Goodwill
25,115
24,770
24,812
22,627
13,106
11,275
1
17
Assets
1,313,867
1,258,128
1,243,646
1,309,639
575,442
481,996
4
22
Core deposits (1)
872,629
798,192
780,737
745,432
311,731
288,068
9
25
Long-term debt
125,354
156,983
203,861
267,158
99,393
87,145
(20)
8
Wells Fargo stockholders' equity
140,241
126,408
111,786
99,084
47,628
45,814
11
25
Noncontrolling interests
1,446
1,481
2,573
3,232
286
254
(2)
42
Total equity
141,687
127,889
114,359
102,316
47,914
46,068
11
25
(1)
Core deposits are noninterest-bearing deposits, interest-bearing checking, savings certificates, certain market rate and other savings, and certain foreign deposits
(Eurodollar sweep balances).
28