Company: USB-PA
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000036104-25-000028
Chunk: 112

Company: US BANCORP \DE\
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 8
Chunk 112
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 March 31 were as follows:  Wealth, Corporate, Commercial and Institutional Banking Consumer and Business Banking Payment ServicesTreasury and Corporate Support Consolidated Company (Dollars in Millions)2025202420252024202520242025202420252024Condensed Income StatementNet interest income (taxable-equivalent basis)(a)$1,743 $1,910 $1,759 $1,879 $742 $702 $(122)$(476)$4,122 $4,015 Noninterest income(b)(c)1,167 1,112 407 424 1,036 979 226 185 2,836 2,700 Total net revenue(d)2,910 3,022 2,166 2,303 1,778 1,681 104 (291)6,958 6,715 Compensation and employee benefits536 565 526 558 223 226 1,352 1,342 2,637 2,691 Other intangibles46 52 59 67 18 27 — — 123 146 Net shared services515 522 684 700 539 520 (1,738)(1,742)— — Other direct expenses(e)241 241 304 298 228 234 699 849 1,472 1,622 Total noninterest expense1,338 1,380 1,573 1,623 1,008 1,007 313 449 4,232 4,459 Income (loss) before provision and income taxes1,572 1,642 593 680 770 674 (209)(740)2,726 2,256 Provision for credit losses10 141 62 54 317 359 148 (1)537 553 Income (loss) before income taxes1,562 1,501 531 626 453 315 (357)(739)2,189 1,703 Income taxes and taxable-equivalent adjustment391 375 133 157 113 79 (164)(234)473 377 Net income (loss)1,171 1,126 398 469 340 236 (193)(505)1,716 1,326 Net (income) loss attributable to noncont