Company: USB-PA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000036104-25-000064
Chunk: 57

Company: US BANCORP \DE\
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 8
Chunk 57
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 revenue180 155 515 511 Investment products fees97 84 274 243 Securities gains (losses), net(7)(119)(64)(153)Other213 143 602 434 Total noninterest income3,078 2,698 8,838 8,213 Noninterest ExpenseCompensation and employee benefits2,561 2,637 7,798 7,947 Net occupancy and equipment300 317 907 929 Professional services117 130 324 356 Marketing and business development175 165 518 459 Technology and communications560 524 1,627 1,540 Other intangibles125 142 372 430 Merger and integration charges— — — 155 Other359 289 1,064 1,061 Total noninterest expense4,197 4,204 12,610 12,877 Income before income taxes2,532 2,072 6,984 5,801 Applicable income taxes524 350 1,439 1,142 Net income2,008 1,722 5,545 4,659 Net (income) loss attributable to noncontrolling interests(7)(8)(20)(23)Net income attributable to U.S. Bancorp$2,001 $1,714 $5,525 $4,636 Net income applicable to U.S. Bancorp common shareholders$1,893 $1,601 $5,229 $4,328 Earnings per common share$1.22 $1.03 $3.36 $2.77 Diluted earnings per common share$1.22 $1.03 $3.35 $2.77 Average common shares outstanding1,557 1,561 1,558 1,560 Average diluted common shares outstanding1,557 1,561 1,559 1,561 

See Notes to Consolidated Financial Statements. 

32U.S. Bancorp

U.S. Bancorp 

Consolidated Statement of Comprehensive Income 

(Dollars in Millions) (Unaudited)Three Months EndedSeptember 30Nine Months EndedSeptember 302025202420252024Net income$2,008 $1,722 $5,545 $4,659 Other Comprehensive Income (Loss)