Company: USB-PA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000036104-25-000064
Chunk: 133

Company: US BANCORP \DE\
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 8
Chunk 133
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-bearing deposits54,966 56,769 19,465 20,955 2,539 2,716 2,598 2,600 79,568 83,040 Interest-bearing deposits214,765 214,975 200,658 199,319 95 96 12,001 11,146 427,519 425,536 Total deposits269,731 271,744 220,123 220,274 2,634 2,812 14,599 13,746 507,087 508,576 Total U.S. Bancorp shareholders’ equity21,837 21,508 13,540 14,550 10,261 9,955 15,424 10,653 61,062 56,666 (a)Total net interest income includes a taxable-equivalent adjustment of $88 million and $90 million for the nine months ended September 30, 2025 and 2024, respectively. 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 $2.3 billion for both the nine months ended September 30, 2025 and 2024.(c)Total noninterest income includes revenue generated from certain contracts with customers of $7.2 billion and $6.8 billion for the nine months ended September 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 $596 million and $577 million of revenue for the nine months ended September 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.

NOTE 17Subsequent EventsThe Company has evaluated the impact of events that have occurred subsequent to September 30, 2025 through the date the consolidated financial statements were filed with the SEC. Based on this evaluation, the Company has determined none of these events were required to be recognized or disclosed in the consolidated financial statements and related notes.

U.S. Bancorp75

U.S. Bancorp 

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