Company: USB-PA
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000036104-25-000028
Chunk: 47

Company: US BANCORP \DE\
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 8
Chunk 47
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U.S. Bancorp 

Consolidated Balance Sheet 

(Dollars in Millions)March 31,2025December 31,2024(Unaudited) AssetsCash and due from banks$50,013 $56,502 Investment securitiesHeld-to-maturity (fair value $67,099 and $66,275, respectively; including $116 at fair value pledged as collateral at 3/31/25)(a)78,008 78,634 Available-for-sale ($427 and $320 pledged as collateral, respectively)(a)86,774 85,992 Loans held for sale (including $1,704 and $2,251 of mortgage loans carried at fair value, respectively)1,746 2,573 LoansCommercial144,081 139,484 Commercial real estate48,334 48,859 Residential mortgages118,907 118,813 Credit card29,223 30,350 Other retail41,274 42,326 Total loans381,819 379,832 Less allowance for loan losses(7,584)(7,583)Net loans374,235 372,249 Premises and equipment3,582 3,565 Goodwill12,555 12,536 Other intangible assets5,381 5,547 Other assets (including $9,041 and $7,501 of trading securities at fair value pledged as collateral, respectively)(a)64,195 60,720 Total assets$676,489 $678,318 Liabilities and Shareholders’ EquityDepositsNoninterest-bearing$84,086 $84,158 Interest-bearing (including $6,506 and $5,754 of time deposits carried at fair value, respectively)428,439 434,151 Total deposits512,525 518,309 Short-term borrowings17,158 15,518 Long-term debt59,859 58,002 Other liabilities26,389 27,449 Total liabilities615,931 619,278 Shareholders’ equityPreferred stock6,808 6,808 Common stock, $.01 par value per share, authorized: 4,000,000,000 shares; issued: 3/31/25 and 12/31/24—2,125,725,742 shares21 21 Capital surplus8,678 8,715 Retained earnings77,