Wells Fargo 2016 Investor Day - Financial Overview

Financial Overview

John Shrewsberry, Senior EVP, Chief Financial Officer

May 24, 2016

? 2016 Wells Fargo & Company. All rights reserved.

Strong results since 2014 Investor Day

Revenue

($ in billions)

83.8

86.1

Diluted EPS

$3.89

$4.12

Book Value per Common Share (1)

$30.48

$34.58

2013

2015

Pre-tax Pre-provision Profit (2)

($ in billions)

34.9

36.1

2013

2015

Net Capital Returned to Shareholders (3) ($ in billions)

12.6

7.2

1Q14

1Q16

Diluted Average Common Shares Outstanding (in millions)

5,371.2

5,209.8

2013

2015

22001133

22001155

2013

2015

(1) Book value per common share is common stockholder's equity divided by common shares outstanding. (2) Pre-tax pre-provision profit (PTPP) is total revenue less noninterest expense. Management believes PTPP is a useful financial measure because it enables

investors and others to assess the Company's ability to generate capital to cover credit losses through a credit cycle.

(3) Represents common stock dividends and net share repurchases.

Wells Fargo 2016 Investor Day

Financial Overview 1

Strong loan growth versus peers

Average Loans

($ in billions and % YoY growth)

803

834

885

Average Loan Growth vs. Peers (1)

(1Q16 vs. 1Q14)

16%

13%

11%

5%

4%

4%

6%

2013

2014

2015

JPM

WFC

USB

PNC

BAC

C

-3%

-7%

Loan growth in 2015 reflected strong organic growth, the benefit of acquisitions and a

smaller liquidating portfolio

2016 includes the benefit of $24.9 billion of loans and interest earning leases from GE

Capital acquisitions that closed in 1Q16

We remain well positioned in consumer and commercial loan asset classes

(1) Source: SNL.

Wells Fargo 2016 Investor Day

Financial Overview 2

Strong deposit growth versus peers

Average Deposits

($ in billions and % are YoY growth)

1,021

1,114

1,194

Average Deposit Growth vs. Peers (1)

(1Q16 vs. 1Q14)

15%

13%

13%

9%

9%

7%

7%

3%

USB WFC PNC

BAC

JPM

C

-5%

2013

2014

2015

Average deposit growth of 7% in 2015 reflected growth across the franchise

Average deposit cost of 10 bps in 1Q16, up 1 bp from 1Q15 as we maintained pricing

discipline

(1) Source: SNL.

Wells Fargo 2016 Investor Day

Financial Overview 3

Diversified business model has driven revenue growth despite low rates

Revenue Growth

(TTM (1) 1Q14 through TTM 1Q16)

5% 5%

WFC

USB

JPM -2%

C -3%

PNC -4%

BAC

Revenue/Average Assets

(2Q14 through 1Q16)

5% 5%

4%

4%

4%

4%

-7%

WFC

USB

PNC

C

BAC

PNC

Source: SNL. (1) Trailing twelve months.

Wells Fargo 2016 Investor Day

Financial Overview 4

 ................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download