Company: USB-PA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000036104-25-000055
Chunk: 52

Company: US BANCORP \DE\
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 7
Chunk 52
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 CECL methodology(7)450,130 RatiosCommon equity to assets(1)/(4)8.0 %7.6 %Tangible common equity to tangible assets(2)/(5)6.1 5.8 Tangible common equity to risk-weighted assets(2)/(6)9.08.5Common equity tier 1 capital to risk-weighted assets, reflecting the full implementation of the CECL methodology(3)/(7)10.5

(a)Includes goodwill related to certain investments in unconsolidated financial institutions per prescribed regulatory requirements. 

(b)Includes the estimated increase in the allowance for credit losses related to the adoption of the CECL methodology net of deferred taxes. 

(c)Includes the impact of the estimated increase in the allowance for credit losses related to the adoption of the CECL methodology. 

U.S. Bancorp29

Three Months Ended June 30Six Months EndedJune 30(Dollars in Millions)2025202420252024Net interest income$4,051 $4,023 $8,143 $8,008 Taxable-equivalent adjustment(a)29 29 59 59 Net interest income, on a taxable-equivalent basis4,080 4,052 8,202 8,067 Net interest income, on a taxable-equivalent basis (as calculated above)4,080 4,052 8,202 8,067 Noninterest income2,924 2,815 5,760 5,515 Less: Securities gains (losses), net(57)(36)(57)(34)Total net revenue, excluding net securities gains (losses)(1)7,061 6,903 14,019 13,616 Noninterest expense(2)4,181 4,214 8,413 8,673 Efficiency ratio(2)/(1)59.2 %61.0 %60.0 %63.7%

(a)Based on a federal income tax rate of 21 percent for those assets and liabilities whose income or expense is not included for federal income tax purposes.  

Three Months EndedJune 30Six Months EndedJune 30(Dollars in Millions)2025202420252024Net income applicable to U.S. Bancorp common shareholders$1,733 $1,518 $3,336 $2,727 Intangible amortization (net-of-tax