Wells Fargo 2012 Annual Report Download - page 34
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Overview (continued)
Table 1: Six-Year Summary of Selected Financial Data (1)
% Five-year
Change compound
2012/ growth
(in millions, except per share amounts) 2012 2011 2010 2009 2008 2007 2011 rate
Income statement
Net interest income $ 43,230 42,763 44,757 46,324 25,143 20,974 1 % 16
Noninterest income 42,856 38,185 40,453 42,362 16,734 18,546 12 18
Revenue 86,086 80,948 85,210 88,686 41,877 39,520 6 17
Provision for credit losses 7,217 7,899 15,753 21,668 15,979 4,939 (9) 8
Noninterest expense 50,398 49,393 50,456 49,020 22,598 22,746 2 17
Net income before
noncontrolling interests 19,368 16,211 12,663 12,667 2,698 8,265 19 19
Less: Net income from
noncontrolling interests 471 342 301 392 43 208 38 18
Wells Fargo net income 18,897 15,869 12,362 12,275 2,655 8,057 19 19
Earnings per common share 3.40 2.85 2.23 1.76 0.70 2.41 19 7
Diluted earnings per common share 3.36 2.82 2.21 1.75 0.70 2.38 19 7
Dividends declared per common share 0.88 0.48 0.20 0.49 1.30 1.18 83 (6)
Balance sheet (at year end)
Securities available for sale $ 235,199 222,613 172,654 172,710 151,569 72,951 6 % 26
Loans 799,574 769,631 757,267 782,770 864,830 382,195 4 16
Allowance for loan losses 17,060 19,372 23,022 24,516 21,013 5,307 (12) 26
Goodwill 25,637 25,115 24,770 24,812 22,627 13,106 2 14
Assets 1,422,968 1,313,867 1,258,128 1,243,646 1,309,639 575,442 8 20
Core deposits (2) 945,749 872,629 798,192 780,737 745,432 311,731 8 25
Long-term debt 127,379 125,354 156,983 203,861 267,158 99,393 2 5
Wells Fargo stockholders' equity 157,554 140,241 126,408 111,786 99,084 47,628 12 27
Noncontrolling interests 1,357 1,446 1,481 2,573 3,232 286 (6) 37
Total equity 158,911 141,687 127,889 114,359 102,316 47,914 12 27
(1)
The Company acquired Wachovia Corporation (Wachovia) on December 31, 2008. Because the acquisition was completed on December 31, 2008, Wachovia's results are
included in the income statement, average balances and related metrics beginning in 2009. Wachovia's assets and liabilities are included in the consolidated balance sheet
beginning on December 31, 2008.
(2) Core deposits are noninterest-bearing deposits, interest-bearing checking, savings certificates, certain market rate and other savings, and certain foreign deposits
(Eurodollar sweep balances).
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