Company: USB-PA
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000036104-25-000028
Chunk: 145

Company: US BANCORP \DE\
Filing Date: 2025-05-06
Form: 10-Q
Chunk 145
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 net interest income sensitivities are reviewed monthly by the ALCO and are used to guide asset/liability management strategies.

The Company also manages interest rate sensitivity by utilizing market value of equity modeling, which measures the degree to which the market values of the Company’s assets and liabilities and off-balance sheet instruments will change given a change in interest rates. Management measures the impact of changes in market values due to interest rates under a number of scenarios, including immediate and sustained parallel shifts, and flattening or steepening of the yield curve. The Company manages its interest rate risk position by holding assets with desired interest rate risk characteristics on its balance sheet, executing certain pricing strategies for loans and deposits and deploying investment portfolio, funding and derivative strategies.

| TABLE 9 |     | Sensitivity of Net Interest Income |

|                     |     |     | March 31, 2025 |             |     |     |           |     |     |              |     |     |            |     | December 31, 2024 |             |     |     |           |     |     |              |     |      |            |
|:--------------------|:----|:----|---------------:|:------------|:----|----:|:----------|:----|----:|:-------------|:----|----:|:-----------|:----|------------------:|:------------|:----|----:|:----------|:----|----:|:-------------|:----|-----:|:-----------|
|                     |     |     |                | Down 50 bps 
 Immediate   |     |     | Up 50 bps 
 Immediate |     |     | Down 200 bps 
 Immediate    |     |     | Up 200 bps 
 Immediate  |     |                   | Down 50 bps 
 Immediate   |     |     | Up 50 bps 
 Immediate |     |     | Down 200 bps 
 Immediate    |     |      | Up 200 bps 
 Immediate  |
| Net interest income |     |     |            .26 | %           |     | .15 | %         |     | .14 | %            |     | .95 | %          |     |               .25 | %           |     | .17 | %         |     | .01 | %            |     | 1.05 | %          |

| U.S. Bancorp |     | 19 |

Table 9 summarizes the projected impact to net interest income over