Wells Fargo 2013 Annual Report Download - page 37

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Table 3: Net Interest Income, Noninterest Income and Noninterest Expense as a Percentage of Revenue
Year ended December 31,
(in millions) 2013
% of
revenue 2012
% of
revenue 2011
% of
revenue
Interest income
Trading assets $ 1,406 2 % $ 1,380 2 % $ 1,463 2 %
Investment securities 8,841 11 8,757 10 9,107 11
Mortgages held for sale (MHFS) 1,290 1 1,825 2 1,644 2
Loans held for sale (LHFS) 13 -41 -58 -
Loans 35,618 42 36,517 42 37,302 46
Other interest income 724 1 587 1 548 1
Total interest income 47,892 57 49,107 57 50,122
Interest expense
Deposits 1,337 2 1,727 2 2,275 3
Short-term borrowings 71 -94 -94 -
Long-term debt 2,585 3 3,110 4 3,978 5
Other interest expense 307 -245 -316 -
Total interest expense 4,300 5 5,176 6 6,663 8
Net interest income (on a taxable-equivalent basis) 43,592 52 43,931 51 43,459 54
Taxable-equivalent adjustment (792) (1) (701) (1) (696) (1)
Net interest income (A) 42,800 51 43,230 50 42,763 53
Noninterest income
Service charges on deposit accounts 5,023 6 4,683 5 4,280 5
Trust and investment fees (1) 13,430 16 11,890 14 11,304 14
Card fees 3,191 4 2,838 3 3,653 5
Other fees (1) 4,340 5 4,519 5 4,193 5
Mortgage banking (1) 8,774 10 11,638 14 7,832 10
Insurance 1,814 2 1,850 2 1,960 2
Net gains from trading activities 1,623 2 1,707 2 1,014 1
Net gains (losses) on debt securities (29) - (128) - 54 -
Net gains from equity investments 1,472 2 1,485 2 1,482 2
Lease income 663 1 567 1 524 1
Other 679 1 1,807 2 1,889 2
Total noninterest income (B) 40,980 49 42,856 50 38,185 47
Noninterest expense
Salaries 15,152 18 14,689 17 14,462 18
Commission and incentive compensation 9,951 12 9,504 11 8,857 11
Employee benefits 5,033 6 4,611 6 4,348 5
Equipment 1,984 2 2,068 2 2,283 3
Net occupancy 2,895 3 2,857 3 3,011 4
Core deposit and other intangibles 1,504 2 1,674 2 1,880 2
FDIC and other deposit assessments 961 1 1,356 2 1,266 2
Other (2) 11,362 14 13,639 16 13,286 16
Total noninterest expense 48,842 58 50,398 59 49,393 61
Revenue (A) + (B) $ 83,780 $ 86,086 $ 80,948
(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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