Company: USB-PA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000036104-25-000064
Chunk: 47

Company: US BANCORP \DE\
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 7
Chunk 47
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 before provision and income taxes(138)(501)72.5 3,132 2,660 17.7Provision for credit losses(95)41 *571 557 2.5Income (loss) before income taxes(43)(542)92.1 2,561 2,103 21.8Income taxes and taxable-equivalent adjustment(98)(281)65.1 553 381 45.1Net income (loss)55 (261)*2,008 1,722 16.6Net (income) loss attributable to noncontrolling interests(7)(8)12.5 (7)(8)12.5Net income (loss) attributable to U.S. Bancorp$48 $(269)*$2,001 $1,714 16.7Average Balance SheetLoans$5,853 $5,280 10.9 $379,152 $374,070 1.4Goodwill— — — 12,634 12,521 .9Other intangible assets7 9 (22.2)5,262 5,635 (6.6)Assets259,508 248,307 4.5 679,605 664,640 2.3Noninterest-bearing deposits2,492 3,238 (23.0)79,890 80,939 (1.3)Interest-bearing deposits11,728 11,216 4.6 431,892 427,818 1.0Total deposits14,220 14,454 (1.6)511,782 508,757 .6Total U.S. Bancorp shareholders’ equity16,832 12,801 31.5 62,643 58,283 7.5

*Not meaningful 

U.S. Bancorp27

Wealth, Corporate, Commercial and Institutional BankingConsumer and Business BankingPayment ServicesNine Months Ended September 30(Dollars in Millions)20252024PercentChange20252024PercentChange20252024PercentChangeCondensed Income StatementNet interest income (taxable-equivalent basis)$5,363 $5,679 (5.6)%$5,459 $5,712 (4.4)%$2,253 $2,102 7.2 %Noninterest income3,620 3,387 6.9