Company: USB-PA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000036104-25-000055
Chunk: 56

Company: US BANCORP \DE\
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 8
Chunk 56
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21 Capital surplus8,706 8,715 Retained earnings78,652 76,863 Less cost of common stock in treasury: 6/30/25—567,509,986 shares; 12/31/24—565,929,654 shares(24,140)(24,065)Accumulated other comprehensive income (loss)(8,609)(9,764)Total U.S. Bancorp shareholders’ equity61,438 58,578 Noncontrolling interests458 462 Total equity61,896 59,040 Total liabilities and equity$686,370 $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 EndedJune 30Six Months EndedJune 302025202420252024Interest IncomeLoans$5,548 $5,761 $11,081 $11,473 Loans held for sale59 41 87 78 Investment securities1,355 1,294 2,663 2,469 Other interest income642 889 1,289 1,729 Total interest income7,604 7,985 15,120 15,749 Interest ExpenseDeposits2,541 3,028 5,052 5,912 Short-term borrowings291 296 540 566 Long-term debt721 638 1,385 1,263 Total interest expense3,553 3,962 6,977 7,741 Net interest income4,051 4,023 8,143 8,008 Provision for credit losses501 568 1,038 1,121 Net interest income after provision for credit losses3,550 3,455 7,105 6,887 Noninterest IncomeCard revenue442 428 840 820 Corporate payment products revenue192 195 381 379 Merchant processing services474 454 889 855 Trust and investment management fees703 649 1,383 1,290 Service charges336 322 651 637 Capital markets revenue390 374 772 762