Company: USB-PA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000036104-25-000055
Chunk: 57

Company: US BANCORP \DE\
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 8
Chunk 57
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Mortgage banking revenue162 190 335 356 Investment products fees90 82 177 159 Securities gains (losses), net(57)(36)(57)(34)Other192 157 389 291 Total noninterest income2,924 2,815 5,760 5,515 Noninterest ExpenseCompensation and employee benefits2,600 2,619 5,237 5,310 Net occupancy and equipment301 316 607 612 Professional services109 116 207 226 Marketing and business development161 158 343 294 Technology and communications534 509 1,067 1,016 Other intangibles124 142 247 288 Merger and integration charges— — — 155 Other352 354 705 772 Total noninterest expense4,181 4,214 8,413 8,673 Income before income taxes2,293 2,056 4,452 3,729 Applicable income taxes472 445 915 792 Net income1,821 1,611 3,537 2,937 Net (income) loss attributable to noncontrolling interests(6)(8)(13)(15)Net income attributable to U.S. Bancorp$1,815 $1,603 $3,524 $2,922 Net income applicable to U.S. Bancorp common shareholders$1,733 $1,518 $3,336 $2,727 Earnings per common share$1.11 $.97 $2.14 $1.75 Diluted earnings per common share$1.11 $.97 $2.14 $1.75 Average common shares outstanding1,559 1,560 1,559 1,560 Average diluted common shares outstanding1,559 1,561 1,560 1,560 

See Notes to Consolidated Financial Statements. 

32U.S. Bancorp

U.S. Bancorp 

Consolidated Statement of Comprehensive Income 

(Dollars in Millions) (Unaudited)Three Months EndedJune 30Six Months EndedJune 302025202420252024Net income$1,821 $1,611 $3,537 $2,937 Other Comprehensive Income (Loss)Changes in unrealized gains (losses