Company: USB-PA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000036104-25-000055
Chunk: 177

Company: US BANCORP \DE\
Filing Date: 2025-08-07
Form: 10-Q
Chunk 177
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 |   |       |    Average 
 Price Paid 
  Per Share |     |        Total Number 
 of Shares Purchased 
 as Part of Publicly 
           Announced 
             Program |   |       | Approximate Dollar Value of Shares 
 that May Yet Be                    
 Purchased Under                    
 the Program                        
 (In Millions)                      |
|:-------|:----|-------------:|:--|------:|-----------:|:----|--------------------:|:--|------:|:-----------------------------------|
| April  |     |    2,684,498 | $ | 39.36 |            |     |           2,684,498 | $ | 4,613 |                                    |
| May    |     |        4,855 |   |       |      41.98 |     |               4,855 |   | 4,612 |                                    |
| June   |     |        3,185 |   |       |      44.26 |     |               3,185 |   | 4,612 |                                    |
| Total  |     |    2,692,538 | $ | 39.37 |            |     |           2,692,538 | $ | 4,612 |                                    |

Refer to “Management’s Discussion and Analysis — Capital Management” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, for further discussion on capital management. Business Segment Financial Review The Company’s major business segments are Wealth, Corporate, Commercial and Institutional Banking, Consumer and Business Banking, Payment Services, and Treasury and Corporate Support. Basis for Financial Presentation Business segment results are derived from the Company’s business unit profitability reporting systems by specifically attributing managed balance sheet assets, deposits and other liabilities and their related income or expense. Refer to Note 16 of the Notes to Consolidated Financial Statements for further information on the business segments’ basis for financial presentation. Designations, assignments and allocations change from time to time as management systems are enhanced, methods of evaluating performance or product lines change or business segments are realigned to better respond to the Company’s diverse customer base. During 2025 and 2024, certain organization and methodology changes were made, including revising the Company’s business segment funds transfer-pricing methodology related to deposits and loans during the second quarter of 2024. Prior period results were recast and presented on a comparable basis. Wealth, Corporate, Commercial and Institutional Banking