Company: USB-PA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000036104-25-000064
Chunk: 240

Company: US BANCORP \DE\
Filing Date: 2025-11-05
Form: 10-Q
Chunk 240
---
29million and $ 31million for the three months ended September 30, 2025 and 2024, respectively. See Non-GAAP Financial Measures beginning on page 29.

(b) Payment Services noninterest income presented net of related rewards and rebate costs and certain partner payments of $ 811million and $ 796million for the three months ended September 30, 2025 and 2024, respectively.

(c) Total noninterest income includes revenue generated from certain contracts with customers of $ 2.5billion and $ 2.3billion for the three months ended September 30, 2025 and 2024, respectively.

(d) The Company, as a lessor, originates retail and commercial leases either directly to the consumer or indirectly through dealer networks. Under these arrangements, the Company recorded a total of $ 200million and $ 195million of revenue for the three months ended September 30, 2025 and 2024, respectively, primarily consisting of interest income on sales-type and direct financing leases.

(e) Other direct expenses for each reportable segment includes: net occupancy and equipment, professional services, marketing and business development, technology and communications, and other.

| 74 |     | U.S. Bancorp |

Business segment results for the nine months ended September 30 were as follows:

| (Dollars in Millions)                                      
 Condensed Income Statement                                 |     | Wealth, Corporate, Commercial and Institutional Banking |         | 2025 |   |         | 2024 | Consumer and Business Banking |         | 2025 |   |         | 2024 | Payment Services |        | 2025 |   |        | 2024 | Treasury and Corporate Support |         | 2025 |   |         | 2024 | Consolidated Company |         | 2025 |   |         | 2024 |
|:-----------------------------------------------------------|:----|:--------------------------------------------------------|--------:|:-----|:--|--------:|:-----|:------------------------------|--------:|:-----|:--|--------:|:-----|:-----------------|-------:|:-----|:--|-------:|:-----|:-------------------------------|--------:|:-----|:--|--------:|:-----|:---------------------|--------:|:-----|:--|--------:|:-----|
| Net interest income (taxable-equivalent basis)(a)          |     | $                                                       |   5