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Net Charge Offs to Average Loans % is the net charge-offs divided by the average total loans during a specific period. This ratio measures the proportion of debt owed to a company that is unlikely to be recovered. A higher ratio means there’s more bad debt that is unlikely to be collected, which leads investors to believe it has a very risky portfolio.
Wells Fargo's Net Charge Offs to Average Loans % for the quarter that ended in Jun. 2024 was 0.57% , which is higher than 0.50% for the pervious quarter ended in Mar. 2024.
Wells Fargo's Net Charge Offs to Average Loans % for the annual that ended in Dec. 2023 was 0.37% , which is higher than 0.17% for the pervious year ended in Dec. 2022.
The historical rank and industry rank for Wells Fargo's Net Charge Offs to Average Loans % or its related term are showing as below:
The historical data trend for Wells Fargo's Net Charge Offs to Average Loans % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Wells Fargo Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Net Charge Offs to Average Loans % | Get a 7-Day Free Trial | ||||||||||
Capital Adequacy Tier - Tier 1 Ratio % | Get a 7-Day Free Trial | ||||||||||
Capital Adequacy Tier - Leverage Ratio % | Get a 7-Day Free Trial | ||||||||||
Capital Adequacy Tier - Total Capital Ratio % | Get a 7-Day Free Trial | ||||||||||
Efficiency Overhead Ratio % | Get a 7-Day Free Trial |
Wells FargoQuarterly Data | |||||||||||||||||||||||||||||||||||||||||
Trend | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | |||||||||||||||||||||
Net Charge Offs to Average Loans % | Get a 7-Day Free Trial | ||||||||||||||||||||||||||||||||||||||||
Capital Adequacy Tier - Tier 1 Ratio % | Get a 7-Day Free Trial | ||||||||||||||||||||||||||||||||||||||||
Capital Adequacy Tier - Leverage Ratio % | Get a 7-Day Free Trial | ||||||||||||||||||||||||||||||||||||||||
Capital Adequacy Tier - Total Capital Ratio % | Get a 7-Day Free Trial | ||||||||||||||||||||||||||||||||||||||||
Efficiency Overhead Ratio % | Get a 7-Day Free Trial |
For the Banks - Diversified subindustry, Wells Fargo's Net Charge Offs to Average Loans %, along with its competitors' market caps and Net Charge Offs to Average Loans % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Net Charge Offs to Average Loans % is calculated as
Net Charge Offs to Average Loans % | = | Net Charge-offs | / | Average Total Loans |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Wells Fargo (NYSE:WFC) Net Charge Offs to Average Loans % Explanation
A Net Charge-off (NCO) is the dollar amount representing the difference between gross charge-offs and any subsequent recoveries of delinquent debt. The bad debt often needs to be written off and classified as gross charge-off. If any money is recovered from that debt, the recovered amount needs to be subtracted from gross charge-off, which is how we get the net charge-off.
Net Charge Offs to Average Loans % represents the amount of debt that a company believes it will never collect and is an indicator of a financial institution's loan portfolio performance. A higher ratio, especially when compared to the previous period or to other banks, would suggest that there’s more bad debt that is unlikely to be collected and the loan portfolio may be too risky.
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Richard K Davis | director | 800 NICOLLET MALL, MINNEAPOLIS MN 55402 |
Thomas R Nides | officer: Vice Chairman | C/O WELLS FARGO & COMPANY, 420 MONTGOMERY STREET, SAN FRANCISCO CA 94104 |
Tracy M Kerrins | officer: Sr. Executive Vice President | 300 S BREVARD STREET, CHARLOTTE NC 28202 |
Kyle G Hranicky | officer: Sr. Executive Vice President | 1000 LOUISIANA STREET, HOUSTON TX 77002 |
Felicia F Norwood | director | 120 MONUMENT CIRCLE, INDIANAPOLIS IN 46204 |
Kleber Santos | officer: Sr. Executive Vice President | 1680 CAPITAL ONE DRIVE, MCLEAN VA 22102 |
Ellen R Patterson | officer: Sr. EVP and General Counsel | 30 HUDSON YARDS, NEW YORK NY 10001 |
Kristy Fercho | officer: Sr. Executive Vice President | 5151 CORPORATE DRIVE, TROY MI 48098 |
Cecelia Morken | director | 26025 MUREAU ROAD, CALABASAS CA 91302 |
Beurden Saul Van | officer: Sr. Executive Vice President | 150 EAST 42ND STREET, NEW YORK NY 10017 |
Bei Ling | officer: Sr. Executive Vice President | 30 HUDSON YARDS, NEW YORK NY 10001 |
Ather Iii Williams | officer: Sr. Executive Vice President | 30 HUDSON YARDS, NEW YORK NY 10001 |
Michael P. Santomassimo | officer: Sr. EVP & CFO | 225 LIBERTY STREET, NEW YORK NY 10286 |
Mark A Chancy | director | 303 PEACHTREE ST., 30TH FLOOR, ATLANTA GA 30308 |
Lester Owens | officer: Sr. Executive Vice President | 240 GREENWICH STREET, NEW YORK NY 10286 |
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