Company: USB-PA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000036104-25-000055
Chunk: 48

Company: US BANCORP \DE\
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 7
Chunk 48
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8.7

*Not meaningful 

U.S. Bancorp27

Wealth, Corporate, Commercial and Institutional BankingConsumer and Business BankingPayment ServicesSix Months Ended June 30(Dollars in Millions)20252024PercentChange20252024PercentChange20252024PercentChangeCondensed Income StatementNet interest income (taxable-equivalent basis)$3,581 $3,851 (7.0)%$3,611 $3,783 (4.5)%$1,472 $1,375 7.1 %Noninterest income2,366 2,242 5.5 813 838 (3.0)2,151 2,071 3.9Total net revenue5,947 6,093 (2.4)4,424 4,621 (4.3)3,623 3,446 5.1Noninterest expense2,690 2,758 (2.5)3,167 3,259 (2.8)2,039 2,001 1.9Income (loss) before provision and income taxes3,257 3,335 (2.3)1,257 1,362 (7.7)1,584 1,445 9.6Provision for credit losses193 241 (19.9)101 84 20.2701 747 (6.2)Income (loss) before income taxes3,064 3,094 (1.0)1,156 1,278 (9.5)883 698 26.5Income taxes and taxable-equivalent adjustment766 773 (.9)289 320 (9.7)221 175 26.3Net income (loss)2,298 2,321 (1.0)867 958 (9.5)662 523 26.6Net (income) loss attributable to noncontrolling interests— — — — — —— — —Net income (loss) attributable to U.S. Bancorp$2,298 $2,321 (1.0)$867 $958 (9.5)$662 $523 26.6Average Balance SheetLoans$179,549 $172,475 4.1 $151,776 $154,940 (2