Company: USB-PA
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000036104-25-000028
Chunk: 209

Company: US BANCORP \DE\
Filing Date: 2025-05-06
Form: 10-Q
Chunk 209
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2,740 |      |   |   2,052 |      |                      |  79,696 |      |   |  84,787 |      |
| Interest-bearing deposits                                  |     |                                                         | 214,318 |      |   | 208,309 |      |                               | 200,833 |      |   | 198,798 |      |                  |     95 |      |   |     97 |      |                                |  11,592 |      |   |  11,070 |      |                      | 426,838 |      |   | 418,274 |      |
| Total deposits                                             |     |                                                         | 269,411 |      |   | 266,864 |      |                               | 220,014 |      |   | 220,187 |      |                  |  2,777 |      |   |  2,888 |      |                                |  14,332 |      |   |  13,122 |      |                      | 506,534 |      |   | 503,061 |      |
| Total U.S. Bancorp shareholders’ equity                    |     |                                                         |  21,549 |      |   |  21,760 |      |                               |  13,706 |      |   |  14,851 |      |                  | 10,229 |      |   |  9,965 |      |                                |  14,127 |      |   |   9,091 |      |                      |  59,611 |      |   |  55,667 |      |

(a) Total net interest income includes a taxable-equivalent adjustment of $ 30million for both of the three months ended March 31, 2025 and 2024. See Non-GAAP Financial Measures beginning on page 27.

(b) Payment Services noninterest income presented net of related rewards and rebate costs and certain partner payments of $ 741million and $ 739million for the three months ended March 31, 2025 and 2024, respectively.

(c) Total noninterest income includes revenue generated from certain contracts with customers of $ 2.3billion and $ 2.2billion for the three months ended March 31, 2025 and 2024, respectively.

(d) The Company, as a lessor, originates retail and commercial leases either directly to the