WELLS FARGO REPORTS RECORD FULL YEAR AND QUARTERLY NET INCOME 2013 Net Income of $21.9 Billion, Up 16% from 2012; EPS of $3.89
Q4 Net Income of $5.6 Billion, Up 10% YoY; EPS of $1.00
• Continued strong financial results:
o Full year 2013:
 Net income of $21.9 billion, up 16 percent from 2012
 Diluted earnings per share (EPS) of $3.89, up 16 percent
 Revenue of $83.8 billion, compared with $86.1 billion
 Return on average assets (ROA) of 1.51 percent, up 10 basis points
 Return on equity (ROE) of 13.87 percent, up 92 basis points
 Returned $11.4 billion to shareholders through dividends and share repurchases
o Fourth quarter 2013:
 Net income of $5.6 billion, up 10 percent from fourth quarter 2012
 Diluted earnings per share of $1.00, up 10 percent
 Revenue of $20.7 billion, compared with $21.9 billion
 Noninterest expense of $12.1 billion, down $811 million
 Efficiency ratio of 58.5 percent, improved by 30 basis points
 ROA of 1.47 percent, up 1 basis point
 ROE of 13.81 percent, up 46 basis points
• Fourth quarter 2013 results included:
o Strong loan and deposit growth:
 Total loans of $825.8 billion, up $26.2 billion from fourth quarter 2012
 Core loan portfolio up $39.9 billion1
 Total average core checking and savings deposits up $50.7 billion
o Continued improvement in credit quality:
 Net charge-offs of $963 million, down $1.1 billion from fourth quarter 2012
o Net charge-off rate of 0.47 percent (annualized), compared with 1.05 percent
 Nonperforming assets down $4.9 billion
 $600 million reserve release2 due to continued strong credit performance and improved
economic conditions

1 See table on page 5 for more information on core and non-strategic/liquidating loan portfolios. 2 Reserve release represents the amount by which net charge-offs exceed the provision for credit losses.

o Strengthened capital levels:
 Tier 1 common equity3 ratio under Basel I of 10.82 percent at December 31, 2013
 Common Equity Tier 1 ratio under Basel III, using the advanced approach, of 9.78 percent4
 Period end common stock share count declined 16.6 million from third quarter 2013 reflecting
30.0 million of purchases in the quarter
 Purchased an additional estimated 11.3 million shares through a forward repurchase transaction expected to settle in first quarter 2014
o.a. grafieken etc.
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https://www08.wellsfargomedia.com/downloads/pdf/press/4q13pr.pdf