Company: USB-PA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000036104-25-000064
Chunk: 40

Company: US BANCORP \DE\
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 7
Chunk 40
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 Total risk-based capital66,820 64,375 Risk-weighted assets465,092 450,498 Common equity tier 1 capital as a percent of risk-weighted assets(a)10.9 %10.6 %Tier 1 capital as a percent of risk-weighted assets12.412.2Total risk-based capital as a percent of risk-weighted assets14.414.3Tier 1 capital as a percent of adjusted quarterly average assets (leverage ratio)8.68.3Tier 1 capital as a percent of total on- and off-balance sheet leverage exposure (total leverage exposure ratio)7.06.8

(a)The Company’s common equity tier 1 capital to risk-weighted assets ratio, reflecting the full implementation of the CECL methodology, was 10.5 percent at December 31, 2024. See Non-GAAP Financial Measures beginning on page 29. 

24U.S. Bancorp

Total U.S. Bancorp shareholders’ equity was $63.3 billion at September 30, 2025, compared with $58.6 billion at December 31, 2024. The increase was primarily the result of corporate earnings and changes in unrealized gains and losses on available-for-sale investment securities included in accumulated other comprehensive income (loss), partially offset by dividends paid.The Company announced on September 12, 2024 that its Board of Directors authorized a share repurchase program to repurchase up to $5.0 billion of its common stock, effective September 13, 2024. Capital distributions, including dividends and stock repurchases, are subject to the approval of the Company’s Board of Directors and compliance with regulatory requirements. The following table provides a detailed analysis of all shares of common stock of the Company purchased by the Company during the third quarter of 2025: PeriodTotal Numberof SharesPurchasedAveragePrice PaidPer ShareTotal Number of Shares Purchasedas Part of PubliclyAnnouncedProgramApproximate Dollar Value of Sharesthat May Yet BePurchased Underthe Program(In Millions)July2,177,997$46.17 2,177,997$4,512 August1,06545.941,0654,512 September1049.20104,512 Total2,179,072$46.17 2,179,072$4,512 Refer to “Management’s Discussion and Analysis — Capital Management” in the Company’s Annual Report on Form 10-K