Company: USB-PA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000036104-25-000055
Chunk: 131

Company: US BANCORP \DE\
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 8
Chunk 131
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 Wealth, Corporate, Commercial and Institutional Banking Consumer and Business Banking Payment ServicesTreasury and Corporate Support Consolidated Company (Dollars in Millions)2025202420252024202520242025202420252024Condensed Income Statement    Net interest income (taxable-equivalent basis)(a)$3,581 $3,851 $3,611 $3,783 $1,472 $1,375 $(462)$(942)$8,202 $8,067 Noninterest income(b)(c)2,366 2,242 813 838 2,151 2,071 430 364 5,760 5,515 Total net revenue(d)5,947 6,093 4,424 4,621 3,623 3,446 (32)(578)13,962 13,582 Compensation and employee benefits1,057 1,098 1,051 1,107 436 436 2,693 2,669 5,237 5,310 Other intangibles92 104 118 134 38 50 (1)— 247 288 Net shared services1,067 1,090 1,388 1,401 1,086 1,058 (3,541)(3,549)— — Other direct expenses(e)474 466 610 617 479 457 1,366 1,535 2,929 3,075 Total noninterest expense2,690 2,758 3,167 3,259 2,039 2,001 517 655 8,413 8,673 Income (loss) before provision and income taxes3,257 3,335 1,257 1,362 1,584 1,445 (549)(1,233)5,549 4,909 Provision for credit losses193 241 101 84 701 747 43 49 1,038 1,121 Income (loss) before income taxes3,064 3,094 1,156 1,278 883 698 (592)(1,282)4,511 3,788 Income taxes and taxable-equivalent adjustment766 773 289 320 221 175 (302)(417)974 851 Net income