Company: USB-PA
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000036104-25-000028
Chunk: 42

Company: US BANCORP \DE\
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 7
Chunk 42
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9 200,833 198,798 1.0 95 97 (2.1)Total deposits269,411 266,864 1.0 220,014 220,187 (.1)2,777 2,888 (3.8)Total U.S. Bancorp shareholders’ equity21,549 21,760 (1.0)13,706 14,851 (7.7)10,229 9,965 2.6 Treasury andCorporate SupportConsolidatedCompanyThree Months Ended March 31(Dollars in Millions)20252024PercentChange20252024PercentChangeCondensed Income StatementNet interest income (taxable-equivalent basis)$(122)$(476)74.4 %$4,122 $4,015 2.7 %Noninterest income226 185 22.2 2,836 2,700 5.0 Total net revenue104 (291)*6,958 6,715 3.6 Noninterest expense313 449 (30.3)4,232 4,459 (5.1)Income (loss) before provision and income taxes(209)(740)71.8 2,726 2,256 20.8 Provision for credit losses148 (1)*537 553 (2.9)Income (loss) before income taxes(357)(739)51.7 2,189 1,703 28.5 Income taxes and taxable-equivalent adjustment(164)(234)29.9 473 377 25.5 Net income (loss)(193)(505)61.8 1,716 1,326 29.4 Net (income) loss attributable to noncontrolling interests(7)(7)— (7)(7)— Net income (loss) attributable to U.S. Bancorp$(200)$(512)60.9 $1,709 $1,319 29.6 Average Balance SheetLoans$5,499 $5,174 6.3 $379,028 $371,070 2.1 Goodwill— — — 12,541 12,482 .5 Other intangible assets8 10 (20.0)5,488 6,065 (9.5)Assets247