Company: USB-PA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000036104-25-000055
Chunk: 135

Company: US BANCORP \DE\
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 8
Chunk 135
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 7.303,642 147 16.18 *Total short-term borrowings22,791 291 5.1217,098 297 6.98 33.3 Long-term debt62,354 721 4.6452,875 638 4.85 17.9 Total interest-bearing liabilities508,918 3,553 2.80500,464 3,963 3.18 1.7 Other liabilities23,950 25,130 (4.7)Shareholders’ equityPreferred equity6,808 6,808 — Common equity54,091 49,221 9.9 Total U.S. Bancorp shareholders’ equity60,899 56,029 8.7 Noncontrolling interests457 463 (1.3)Total equity61,356 56,492 8.6 Total liabilities and equity$673,341 $665,504 1.2 Net interest income$4,080 $4,052 Gross interest margin2.19 %2.11 %Gross interest margin without taxable-equivalent increments2.17 %2.09 %Percent of Earning AssetsInterest income4.99 %5.29 %Interest expense2.332.62Net interest margin2.66 %2.67 %Net interest margin without taxable-equivalent increments2.64 %2.65 %

*       Not meaningful

(a)Interest and rates are presented on a fully taxable-equivalent basis based on a federal income tax rate of 21 percent. 

(b)Yields on investment securities are computed based on amortized cost balances, excluding any premiums or discounts recorded related to the transfer of investment securities at fair value from available-for-sale to held-to-maturity. Yields include impacts of hedge accounting, including portfolio level basis adjustments.

(c)Interest income and rates on loans include loan fees. Nonaccrual loans are included in average loan balances. 

(d)Interest expense and rates include interest paid on collateral associated with derivative positions.

76U.S. Bancorp

U.S. Bancorp 

Consolidated Daily Average Balance Sheet and Related Yields and Rates(a)

For the Six Months Ended June 30202520242025 v 2024(Dollars in Millions) (Unaudited)Average BalancesInterestYields and RatesAverage BalancesInterestYields and Rates%