Company: USB-PA
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000036104-25-000028
Chunk: 36

Company: US BANCORP \DE\
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 7
Chunk 36
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-capitalized” requirements. In July 2023, the U.S. federal bank regulatory authorities proposed a rule to refine the Basel III capital framework for financial institutions. The proposal incorporates elements of the international Basel Committee’s post-crisis reforms, including the Fundamental Review of the Trading Book to replace the existing market risk rule, and introduces new standardized approaches for credit risk, operational risk and credit valuation adjustment (CVA) risk. The proposal’s finalization could revise the risk-based capital measures applicable to the Company; however, until the proposal is finalized the exact impacts are unknown. The Company believes certain other capital ratios are useful in evaluating its capital adequacy. The Company’s tangible common equity, as a percent of tangible assets and as a percent of risk-weighted assets determined in accordance with prescribed regulatory capital requirements under the standardized approach, was 6.0 percent and 8.9 percent, respectively, at March 31, 2025, compared with 5.8 percent and 8.5 percent, respectively, at December 31, 2024. Refer to “Non-GAAP Financial Measures” beginning on page 27 for further information on these other capital ratios. 

TABLE 10  Regulatory Capital Ratios(Dollars in Millions)March 31,2025December 31,2024Basel III standardized approach:Common equity tier 1 capital$48,482 $47,877 Tier 1 capital55,736 55,129 Total risk-based capital64,989 64,375 Risk-weighted assets450,290 450,498 Common equity tier 1 capital as a percent of risk-weighted assets(a)10.8 %10.6 %Tier 1 capital as a percent of risk-weighted assets12.4 12.2 Total risk-based capital as a percent of risk-weighted assets14.4 14.3 Tier 1 capital as a percent of adjusted quarterly average assets (leverage ratio)8.4 8.3 Tier 1 capital as a percent of total on- and off-balance sheet leverage exposure (total leverage exposure ratio)6.9 6.8 

(a)The Company’s common equity tier 1 capital to risk-weighted assets ratio, reflecting the full implementation of the CECL methodology, was 10.5 percent at December 31, 2024. See Non-GAAP Financial Measures beginning on page 27. 

U.S.