Company: USB-PA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000036104-25-000055
Chunk: 133

Company: US BANCORP \DE\
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 8
Chunk 133
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59 million for the six months ended June 30, 2025 and 2024. See Non-GAAP Financial Measures beginning on page 29.(b)Payment Services noninterest income presented net of related rewards and rebate costs and certain partner payments of $1.5 billion for the six months ended June 30, 2025 and 2024.(c)Total noninterest income includes revenue generated from certain contracts with customers of $4.7 billion and $4.5 billion for the six months ended June 30, 2025 and 2024, respectively. (d)The Company, as a lessor, originates retail and commercial leases either directly to the consumer or indirectly through dealer networks. Under these arrangements, the Company recorded a total of $396 million and $382 million of revenue for the six months ended June 30, 2025 and 2024, respectively, primarily consisting of interest income on sales-type and direct financing leases. (e)Other direct expenses for each reportable segment includes: net occupancy and equipment, professional services, marketing and business development, technology and communications, and other.

NOTE 17Subsequent EventsThe Company has evaluated the impact of events that have occurred subsequent to June 30, 2025 through the date the consolidated financial statements were filed with the SEC. Based on this evaluation, the Company has determined none of these events were required to be recognized or disclosed in the consolidated financial statements and related notes.

U.S. Bancorp75

U.S. Bancorp 

Consolidated Daily Average Balance Sheet and Related Yields and Rates(a)For the Three Months Ended June 30202520242025 v 2024(Dollars in Millions) (Unaudited)Average BalancesInterestYields and RatesAverage BalancesInterestYields and Rates% Change Average BalancesAssetsInvestment securities(b)$172,841 $1,373 3.18 %$167,020 $1,314 3.15 %3.5 %Loans held for sale4,843 59 4.852,382 41 6.98 *Loans(c)Commercial143,817 2,083 5.81134,339 2,209 6.61 7.1 Commercial real estate48,466 723 5.9852,289 847 6.51 (7.3)Residential mortgages115,616 1,