Wells Fargo & Company · NYSE:WFC
Wells Fargo & — Q1 2009 Earnings Presentation
9 slides from Wells Fargo &'s earnings presentation, Apr 22, 2009
Slide 1: 1Q09 Credit Supplement
1Q09 Credit Supplement April 22, 2009
Slide 2: Credit quality highlights
Credit quality highlights Allowance for credit losses of $22.8 billion Allowance for credit losses of 2.71% of total loans, 2.91% of non-impaired loans Allowance 217% of nonaccrual loans Provision expense of $4.6 billion included for: $3.3 billion of charge-offs, plus $1.3 billion reserve build Nonp
Slide 3: Loan portfolio risk reduction
Loan portfolio risk reduction Certain loan portfolios are being run-off and risk is being significantly reduced Reductions include portfolios where origination activity has ceased, or non-relationship balances are being reduced, as well as the effects of SOP 03-3 and net charge-offs (1) Net of SOP 0
Slide 4: Pick-a-Pay mortgage portfolio
Pick-a-Pay mortgage portfolio Originally reported data. Excludes SOP 03-3 impaired loans of $39.7 billion. For details on the impaired portfolio please see page 35 of the press release. Charge-offs include losses on home equity balances in the Pick-a-Pay portfolio; loan balances for the junior lien
Slide 5: Wells Fargo Financial debt consolidation mortgage portfolio
Wells Fargo Financial debt consolidation mortgage portfolio Debt consolidation loans are real-estate secured loans originated through Wells Fargo Financial's U.S. retail stores designed to help homeowners repay other sources of debt Better than industry credit quality (1) Retail originated Full docu
Slide 6: Home equity portfolio
Home equity portfolio (1) Core Portfolio Total outstandings up modestly High quality new originations with weighted average CLTV of 58%, 771 FICO, and 31% total debt service ratio 1Q09 loss rates benefited from purchase accounting write-downs on Wachovia portfolio at year-end Higher delinquencies re
Slide 7: Auto portfolio
Auto portfolio Core portfolio outstandings up 3% QoQ reflecting market share gains at higher pricing New originations are higher credit quality (lower LTV and Payment-to-Income) Decline in core net charge-offs reflects lower severity, relatively stable default frequency trends and seasonality benefi
Slide 8: Credit card portfolio
Credit card portfolio $22.8 billion credit card outstandings represent less than 3% of total loans Outstandings down 3% QoQ due to seasonality and lower consumer spending $15.7 billion Community Banking portfolio is retail-originated and relationship-based 10.13% net charge-offs reflect economic env
Slide 9: Commercial loan portfolio
Commercial loan portfolio Non-impaired loan portfolios C&I Loans down 5% largely reflecting seasonally lower line utilization and borrowers' efforts to deleverage as well as movement into the bond markets NPLs up $478 million though NPLs to loans remain relatively low at 0.86% Net charge-off ratio o