Wells Fargo 2014 Annual Report Download - page 37

Table 3: Net Interest Income, Noninterest Income and Noninterest Expense as a Percentage of Revenue
Year ended December 31,
% of % of % of
(in millions) 2014 revenue 2013 revenue 2012 revenue
Interest income
Trading assets $ 1,712 2% $ 1,406 2% $ 1,380 2%
Investment securities 9,253 11 8,841 11 8,757 10
Mortgages held for sale (MHFS) 767 1 1,290 2 1,825 2
Loans held for sale (LHFS) 78 — 13 — 41 —
Loans 35,715 42 35,618 43 36,517 42
Other interest income 932 1 724 1 587 1
Total interest income 48,457 57 47,892 57 49,107 57
Interest expense
Deposits 1,096 1 1,337 2 1,727 2
Short-term borrowings 62 — 71 — 94 —
Long-term debt 2,488 3 2,585 3 3,110 4
Other interest expense 382 — 307 — 245 —
Total interest expense 4,028 4 4,300 5 5,176 6
Net interest income (on a taxable-equivalent basis) 44,429 53 43,592 52 43,931 51
Taxable-equivalent adjustment (902) (1) (792) (1) (701) (1)
Net interest income (A) 43,527 52 42,800 51 43,230 50
Noninterest income
Service charges on deposit accounts 5,050 6 5,023 6 4,683 5
Trust and investment fees (1) 14,280 17 13,430 16 11,890 14
Card fees 3,431 4 3,191 4 2,838 3
Other fees (1) 4,349 5 4,340 5 4,519 5
Mortgage banking (1) 6,381 8 8,774 10 11,638 14
Insurance 1,655 2 1,814 2 1,850 2
Net gains from trading activities 1,161 1 1,623 2 1,707 2
Net gains (losses) on debt securities 593 1 (29) — (128) —
Net gains from equity investments 2,380 3 1,472 2 1,485 2
Lease income 526 1 663 1 567 1
Other 1,014 1 679 1 1,807 2
Total noninterest income (B) 40,820 48 40,980 49 42,856 50
Noninterest expense
Salaries 15,375 18 15,152 18 14,689 17
Commission and incentive compensation 9,970 12 9,951 12 9,504 11
Employee benefits 4,597 5 5,033 6 4,611 5
Equipment 1,973 2 1,984 2 2,068 2
Net occupancy 2,925 3 2,895 3 2,857 3
Core deposit and other intangibles 1,370 2 1,504 2 1,674 2
FDIC and other deposit assessments 928 1 961 1 1,356 2
Other (2) 11,899 14 11,362 14 13,639 16
Total noninterest expense 49,037 58 48,842 58 50,398 59
Revenue (A) + (B) $ 84,347 $ 83,780 $ 86,086
(1) See Table 7 – Noninterest Income in this Report for additional detail.
(2) See Table 8 – Noninterest Expense in this Report for additional detail.
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