Company: USB-PA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000036104-25-000064
Chunk: 49

Company: US BANCORP \DE\
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 7
Chunk 49
---
)47,700 46,704 2.1Noninterest-bearing deposits54,966 56,769 (3.2)19,465 20,955 (7.1)2,539 2,716 (6.5)Interest-bearing deposits214,765 214,975 (.1)200,658 199,319 .795 96 (1.0)Total deposits269,731 271,744 (.7)220,123 220,274 (.1)2,634 2,812 (6.3)Total U.S. Bancorp shareholders’ equity21,837 21,508 1.5 13,540 14,550 (6.9)10,261 9,955 3.1Treasury andCorporate SupportConsolidatedCompanyNine Months Ended September 30(Dollars in Millions)20252024PercentChange20252024PercentChangeCondensed Income StatementNet interest income (taxable-equivalent basis)$(622)$(1,260)50.6 %$12,453 $12,233 1.8 %Noninterest income710 443 60.38,838 8,213 7.6Total net revenue88 (817)*21,291 20,446 4.1Noninterest expense825 923 (10.6)12,610 12,877 (2.1)Income (loss) before provision and income taxes(737)(1,740)57.68,681 7,569 14.7Provision for credit losses(52)90 *1,609 1,678 (4.1)Income (loss) before income taxes(685)(1,830)62.67,072 5,891 20.0Income taxes and taxable-equivalent adjustment(414)(699)40.81,527 1,232 23.9Net income (loss)(271)(1,131)76.05,545 4,659 19.0Net (income) loss attributable to noncontrolling interests(20)(23)13.0(20)(23)13.0Net income (loss) attributable to U.S. Bancorp$(291)$(1,154)74.8$5,525 $4,636 19.2Average Balance SheetLoans$5,639 $5,190