Company: USB-PA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000036104-25-000064
Chunk: 56

Company: US BANCORP \DE\
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 8
Chunk 56
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,742 76,863 Less cost of common stock in treasury: 9/30/25—569,369,470 shares; 12/31/24—565,929,654 shares(24,228)(24,065)Accumulated other comprehensive income (loss)(7,748)(9,764)Total U.S. Bancorp shareholders’ equity63,340 58,578 Noncontrolling interests458 462 Total equity63,798 59,040 Total liabilities and equity$695,357 $678,318 

(a)Includes only collateral pledged by the Company where counterparties have the right to sell or pledge the collateral. 

See Notes to Consolidated Financial Statements. 

U.S. Bancorp31

U.S. Bancorp 

Consolidated Statement of Income 

(Dollars and Shares in Millions, Except Per Share Data) (Unaudited)Three Months EndedSeptember 30Nine Months EndedSeptember 302025202420252024Interest IncomeLoans$5,688 $5,862 $16,769 $17,335 Loans held for sale35 45 122 123 Investment securities1,392 1,316 4,055 3,785 Other interest income812 863 2,101 2,592 Total interest income7,927 8,086 23,047 23,835 Interest ExpenseDeposits2,648 3,004 7,700 8,916 Short-term borrowings328 284 868 850 Long-term debt729 663 2,114 1,926 Total interest expense3,705 3,951 10,682 11,692 Net interest income4,222 4,135 12,365 12,143 Provision for credit losses571 557 1,609 1,678 Net interest income after provision for credit losses3,651 3,578 10,756 10,465 Noninterest IncomeCard revenue440 426 1,280 1,246 Corporate payment products revenue195 203 576 582 Merchant processing services463 440 1,352 1,295 Trust and investment management fees730 667 2,113 1,957 Service charges333 302 984 939 Capital markets revenue434 397 1,206 1,159 Mortgage banking