Company: USB-PA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000036104-25-000064
Chunk: 51

Company: US BANCORP \DE\
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 7
Chunk 51
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 the preferred industry measurement of net interest income as it provides a relevant comparison of net interest income arising from taxable and tax-exempt sources. In addition, certain performance measures utilize net interest income on a taxable-equivalent basis, including the efficiency ratio and net interest margin. There may be limits in the usefulness of these measures to investors. As a result, the Company encourages readers to consider the consolidated financial statements and other financial information contained in this report in their entirety, and not to rely on any single financial measure. 

The following tables show the Company’s calculation of these non-GAAP financial measures: 

(Dollars in Millions)September 30,2025December 31,2024Total equity$63,798 $59,040 Preferred stock(6,808)(6,808)Noncontrolling interests(458)(462)Common equity(1)56,532 51,770 Goodwill (net of deferred tax liability)(a)(11,603)(11,508)Intangible assets (net of deferred tax liability), other than mortgage servicing rights(1,605)(1,846)Tangible common equity(2)43,324 38,416 Common equity tier 1 capital, determined in accordance with transitional regulatory capital requirements related to the CECL methodology implementation47,877 Adjustments(b)(433)Common equity tier 1 capital, reflecting the full implementation of the CECL methodology(3)47,444 Total assets(4)695,357 678,318 Goodwill (net of deferred tax liability)(a)(11,603)(11,508)Intangible assets (net of deferred tax liability), other than mortgage servicing rights(1,605)(1,846)Tangible assets(5)682,149 664,964 Risk-weighted assets, determined in accordance with prescribed regulatory capital requirements effective for the Company(6)465,092 450,498 Adjustments(c)(368)Risk-weighted assets, reflecting the full implementation of the CECL methodology(7)450,130 RatiosCommon equity to assets(1)/(4)8.1 %7.6 %Tangible common equity to tangible assets(2)/(5)6.4 5.8 Tangible common equity to risk-weighted assets(2)/(6)9.38.5Common equity tier 1 capital to risk-weighted assets, reflecting the full implementation of the CECL methodology(3)/(7)10.5