Other noninterest income includes net gains on debt securities available for sale, net gains from equity investments, lease income, life insurance investment income and all other noninterest income.
Pre-tax pre-provision profit (PTPP) is total revenue less noninterest expense. Management believes that 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.
Capital ratios at 3/31/2015 were preliminary upon release of the first quarter earnings report. Additional information regarding our capital ratios is included on pages 34-35 of the First Quarter 2015 Form 10-Q*
. Finalized data will be reported in Wells Fargo's First Quarter 2015 Form 10-Q (PDF)*
As of February 2015
The efficiency ratio is noninterest expense divided by total revenue (net interest income and noninterest income).
Core deposits are noninterest-bearing deposits, interest-bearing checking, savings certificates, certain market rate and other savings, and certain foreign deposits (Eurodollar sweep balances).
The management accounting process measures the performance of the operating segments based on our management structure and is not necessarily comparable with other similar information for other financial services companies. We define our operating segments by product type and customer segment.
Includes corporate items not specific to a business segment and the elimination of certain items that are included in more than one business segment, substantially all of which represents products and services for wealth management customers provided in Community Banking stores.
For complete information on first quarter 2015 earnings, please visit Quarterly Earnings
. This Investment Profile contains forward-looking statements about our future financial performance. For information that could cause actual results to differ materially from expectations, please review the Forward-Looking Statements discussion on pages 13-14 of the First Quarter 2015 Earnings Release (PDF)*
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