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CASE 11 • WELLS FARGO CORPORATION — 2009 117

EXHIBIT 5 Wells Fargo—Business Segment Results—continued
(Income/Expense in $ millions, average balances in $ billions)
2009 2008
Q1 FY Q4 Q3 Q2 Q1
Average loans 552.8 n/a 288.9 287.1 283.2 282.7
Average assets 801.3 n/a 466.0 452.3 439.9 431.8
Average core deposits 538.0 n/a 260.6 252.8 251.1 246.6

WHOLESALE BANKING
Net interest income 2,367 4,516 1,400 1,065 1,025 1,026
Provision for credit losses 545 1,115 414 294 246 161
Noninterest income 2,540 3,685 515 631 1,388 1,151
Noninterest expense 2,531 5,282 1,251 1,329 1,358 1,344
Income before income tax expense 1,831 1,804 250 73 809 672
Income tax expense 647 416 31 (30) 235 180
Net income (loss) b/ non-controlling
interests 1,184 1,388 219 103 574 492
Less net income from non-controlling
interests 4 11 4 — (2) 9
Net income 1,180 1,377 215 103 576 483
Average loans 271.9 n/a 124.2 116.3 107.7 100.8
Average assets 400.4 n/a 163.2 158.1 151.4 140.0
Average core deposits 138.5 n/a 81 64.4 64.8 68.2

WEALTH, BROKERAGE &
RETIREMENT SERVICES
Net interest income 737 827 251 223 199 154
Provision for credit losses 25 302 293 3 4 2
Noninterest income 1,902 1,839 417 458 481 483
Noninterest expense 2,219 1,992 512 498 497 485
Income before income tax expense 395 372 (137) 180 179 150
Income tax expense 158 141 (52) 68 68 57
Net income (loss) b/ non-controlling
interests 237 231 (85) 112 111 93
Less net income from non-controlling
interests (22) — — — — —
Net income 259 231 (85) 112 111 93
Average loans 46.7 n/a 16.5 15.9 14.8 13.7
Average assets 104.0 n/a 20.0 19.1 17.8 16.7
Average core deposits 102.6 n/a 25.6 23.5 22.5 21.0

OTHER
Net interest income (225) (742) (223) (200) (181) (138)
Provision for credit losses (16) 940 948 (4) (4) —
Noninterest income (257) (1,214) (275) (302) (324) (313)
Noninterest expense (90) (1,183) (273) (308) (310) (292)
Income before income tax expense (376) (1,713) (1,173) (190) (191) (159)
Income tax expense (benefit) (143) (614) (409) (72) (73) (60)
Net income (loss) b/ non-controlling
interests (233) (1,099) (764) (118) (118) (99)

continued