Company: USB-PA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000036104-25-000064
Chunk: 28

Company: US BANCORP \DE\
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 7
Chunk 28
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Reflects quarterly average of forecasted reported United States unemployment rate. 

(b)Reflects year-over-year growth rates. 

18U.S. Bancorp

TABLE 8Summary of Allowance for Credit Losses

Three Months EndedSeptember 30Nine Months EndedSeptember 30(Dollars in Millions)2025202420252024Balance at beginning of period$7,862 $7,934 $7,925 $7,839 Charge-OffsCommercialCommercial120 155 447 455 Lease financing9 10 24 29 Total commercial129 165 471 484 Commercial real estateCommercial mortgages109 79 207 144 Construction and development1 1 2 8 Total commercial real estate110 80 209 152 Residential mortgages3 3 11 10 Credit card344 347 1,103 1,042 Other retailRetail leasing21 8 51 23 Home equity and second mortgages2 2 5 7 Other60 64 192 198 Total other retail83 74 248 228 Total charge-offs669 669 2,042 1,916 RecoveriesCommercialCommercial35 16 81 72 Lease financing2 2 7 6 Total commercial37 18 88 78 Commercial real estateCommercial mortgages6 10 52 25 Construction and development1 — 1 — Total commercial real estate7 10 53 25 Residential mortgages4 6 13 17 Credit card60 48 177 132 Other retailRetail leasing4 3 11 10 Home equity and second mortgages4 3 8 9 Other17 17 55 55 Total other retail25 23 74 74 Total recoveries133 105 405 326 Net Charge-OffsCommercialCommercial85 139 366 383 Lease financing7 8 17 23 Total commercial92 147 383 406 Commercial real estateCommercial mortgages103 69 155 119 Construction and development— 1 1 8 Total commercial real estate103 70 156 127 Residential mortgages(1)(3)(2)(7)Credit card284 299 926 910 Other retailRetail leasing17 5 40 13 Home equity and second mortgages(2)(1