Company: USB-PA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000036104-25-000055
Chunk: 137

Company: US BANCORP \DE\
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 8
Chunk 137
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.7456,329 1,205 4.30(.2)Total interest-bearing deposits425,297 5,052 2.40424,383 5,912 2.80.2 Short-term borrowingsFederal funds purchased847 18 4.25339 9 5.09*Securities sold under agreements to repurchase9,851 216 4.425,302 129 4.9085.8 Commercial paper4,508 62 2.787,501 149 4.00(39.9)Other short-term borrowings(d)5,621 244 8.753,589 281 15.7456.6 Total short-term borrowings20,827 540 5.2316,731 568 6.8224.5 Long-term debt60,360 1,385 4.6352,794 1,263 4.8114.3 Total interest-bearing liabilities506,484 6,977 2.78493,908 7,743 3.152.5 Other liabilities24,772 25,385 (2.4)Shareholders’ equityPreferred equity6,808 6,808 — Common equity53,450 49,041 9.0 Total U.S. Bancorp shareholders’ equity60,258 55,849 7.9 Noncontrolling interests459 463 (.9)Total equity60,717 56,312 7.8 Total liabilities and equity$671,378 $659,707 1.8 Net interest income$8,202 $8,067 Gross interest margin2.21 %2.12 %Gross interest margin without taxable-equivalent increments2.19 %2.10 %Percent of Earning AssetsInterest income4.99 %5.27 %Interest expense2.302.59Net interest margin2.69 %2.68 %Net interest margin without taxable-equivalent increments2.67 %2.66 %

           *       Not meaningful

(a)Interest and rates are presented on a fully taxable-equivalent basis based on a federal income tax rate of 21 percent. 

(b)Yields on investment securities are computed based on amortized cost balances, excluding any premiums or discounts recorded related to the transfer of investment securities at fair value from available-for-sale