Company: USB-PA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000036104-25-000055
Chunk: 130

Company: US BANCORP \DE\
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 8
Chunk 130
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277 4,734 258 281 8 9 5,360 6,031 Assets211,954 203,313 165,175 168,705 47,840 46,096 248,372 247,390 673,341 665,504 Noninterest-bearing deposits54,422 57,362 19,610 20,845 2,512 2,706 2,573 2,505 79,117 83,418 Interest-bearing deposits210,094 218,233 200,903 201,012 95 96 12,681 11,150 423,773 430,491 Total deposits264,516 275,595 220,513 221,857 2,607 2,802 15,254 13,655 502,890 513,909 Total U.S. Bancorp shareholders’ equity21,817 21,487 13,562 14,558 10,235 9,941 15,285 10,043 60,899 56,029 (a)Total net interest income includes a taxable-equivalent adjustment of $29 million for the three 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 $789 million and $776 million for the three months ended June 30, 2025 and 2024, respectively. (c)Total noninterest income includes revenue generated from certain contracts with customers of $2.4 billion and $2.3 billion for the three 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 $199 million and $195 million of revenue for the three 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.

74U.S. Bancorp

Business segment results for the six months ended June 30 were as follows: