Net Income Analysis ( % relative to Total Revenue )
Income Statement Wells Fargo Bank, Ltd. All Insured Commercial Banks in California
Interest and Fees on Loans — 39,600
Income from Lease Financing Receivables — 93
— 41
Estimated Tax Benefit from Tax-Exempt Loan Income — 21
Income on Loans and Leases (TE) — 39,939
Investment Interest Income (TE) — 4,547
Total Interest Income (TE) 1,939 46,718
Total Interest Expense 4 3,460
Net Interest Income (TE) 1,935 42,511
Non-Interest Income 507,841 7,405
Adjusted Operating Income (TE) 509,776 56,117
Non-interest Expense 420,672 31,848
Provision for Loan & Lease Losses — 726
Pretax Operating Income (TE) 89,104 20,596
Pretax Net Operating Income (TE) 89,104 21,052
Applicable Income Taxes 52,572 7,212
Net Operating Income 36,532 12,949
Net Income 36,532 12,577
Cash Dividends Declared — 2,927
Retained Earnings 36,532 8,927