Company: USB-PA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000036104-25-000064
Chunk: 198

Company: US BANCORP \DE\
Filing Date: 2025-11-05
Form: 10-Q
Chunk 198
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 1,678 |
| Deduct                               |     |   |       |            |             |       |     |             |     |     |             |       |     |              |     |     |             |       |
| Loans charged-off                    |     |   |   484 |            |             |   152 |     |             |  10 |     |             | 1,042 |     |              | 228 |     |             | 1,916 |
| Less recoveries of loans charged-off |     |   |   -78 |            |             |   -25 |     |             | -17 |     |             |  -132 |     |              | -74 |     |             |  -326 |
| Net loan charge-offs (recoveries)    |     |   |   406 |            |             |   127 |     |             |  -7 |     |             |   910 |     |              | 154 |     |             | 1,590 |
| Balance at end of period             |     | $ | 2,188 |            | $           | 1,575 |     | $           | 803 |     | $           | 2,548 |     | $            | 813 |     | $           | 7,927 |

The decrease in the allowance for credit losses at September 30, 2025, compared with December 31, 2024, was primarily driven by the impact of loan sales during the second quarter of 2025, along with improved credit quality and portfolio mix.

| 42 |     | U.S. Bancorp |

The following table provides a summary of loans charged-off by portfolio class and year of origination:

| Three Months Ended September 30 
 (Dollars in Millions)           
 2025                            |     |   |     | Commercial | Commercial  
 Real Estate |     |     | Residential 
 Mortgages   |    |     | Credit Card(a) |       |     |   |     | Other Retail |   |       | Total Loans |
|:--------------------------------|:----|:--|----:|:-----------|:------------|----:|:----|:------------|---:|:----|:---------------|------:|:----|:--|----:|:-------------|:--|------:|:------------|
| Originated in 2025              |     | $ |   4 |