Wells Fargo 2014 Annual Report Download - page 34

Overview (continued)
Table 1: Six-Year Summary of Selected Financial Data
% Five-year
Change compound
(in millions, except per share 2014/ growth
amounts) 2014 2013 2012 2011 2010 2009 2013 rate
Income statement
Net interest income $ 43,527 42,800 43,230 42,763 44,757 46,324 2% (1)
Noninterest income 40,820 40,980 42,856 38,185 40,453 42,362 — (1)
Revenue 84,347 83,780 86,086 80,948 85,210 88,686 1 (1)
Provision for credit losses 1,395 2,309 7,217 7,899 15,753 21,668 (40) (42)
Noninterest expense 49,037 48,842 50,398 49,393 50,456 49,020 — —
Net income before noncontrolling
interests 23,608 22,224 19,368 16,211 12,663 12,667 6 13
Less: Net income from
noncontrolling interests 551 346 471 342 301 392 59 7
Wells Fargo net income 23,057 21,878 18,897 15,869 12,362 12,275 5 13
Earnings per common share 4.17 3.95 3.40 2.85 2.23 1.76 6 19
Diluted earnings per common share 4.10 3.89 3.36 2.82 2.21 1.75 5 19
Dividends declared per common
share 1.35 1.15 0.88 0.48 0.20 0.49 17 22
Balance sheet (at year end)
Investment securities $ 312,925 264,353 235,199 222,613 172,654 172,710 18% 13
Loans 862,551 822,286 798,351 769,631 757,267 782,770 5 2
Allowance for loan losses 12,319 14,502 17,060 19,372 23,022 24,516 (15) (13)
Goodwill 25,705 25,637 25,637 25,115 24,770 24,812 — 1
Assets 1,687,155 1,523,502 1,421,746 1,313,867 1,258,128 1,243,646 11 6
Core deposits (1) 1,054,348 980,063 945,749 872,629 798,192 780,737 8 6
Long-term debt 183,943 152,998 127,379 125,354 156,983 203,861 20 (2)
Wells Fargo stockholders' equity 184,394 170,142 157,554 140,241 126,408 111,786 8 11
Noncontrolling interests 868 866 1,357 1,446 1,481 2,573 — (20)
Total equity 185,262 171,008 158,911 141,687 127,889 114,359 8 10
(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).
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