Company: USB-PA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000036104-25-000064
Chunk: 136

Company: US BANCORP \DE\
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 8
Chunk 136
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-equivalent increments2.73 %2.72 %

*       Not meaningful

(a)Interest and rates are presented on a fully taxable-equivalent basis based on a federal income tax rate of 21 percent. 

(b)Yields on investment securities are computed based on amortized cost balances, excluding any premiums or discounts recorded related to the transfer of investment securities at fair value from available-for-sale to held-to-maturity. Yields include impacts of hedge accounting, including portfolio level basis adjustments.

(c)Interest income and rates on loans include loan fees. Nonaccrual loans are included in average loan balances. 

(d)Average balances for the three months ended September 30, 2025, reflect the impact of balance sheet netting of certain repurchase/reverse repurchase transactions under enforceable netting agreements, exclusive of the related interest income and expense. Reflecting the impact of netting the related interest income and expense for these arrangements, the average yields earned on other earning assets and total earning assets were 4.53% and 5.03%, respectively, and average rates paid on securities sold under agreements to repurchase, total short-term borrowings and total interest-bearing liabilities were 4.24%, 5.12% and 2.78%, respectively, for the three months ended September 30, 2025.

(e)Interest expense and rates include interest paid on collateral associated with derivative positions.

76U.S. Bancorp

U.S. Bancorp 

Consolidated Daily Average Balance Sheet and Related Yields and Rates(a)

For the Nine Months Ended September 30202520242025 v 2024(Dollars in Millions) (Unaudited)Average BalancesInterestYields and RatesAverage BalancesInterestYields and Rates% Change Average BalancesAssetsInvestment securities(b)$172,489 $4,113 3.18 %$165,059 $3,843 3.10 %4.5 %Loans held for sale2,975 122 5.492,381 123 6.8624.9 Loans(c)Commercial143,267 6,262 5.84132,749 6,606 6.657.9 Commercial real estate48,532 2,189 6.0352,257 2,542 6.50(7.1)Residential mortgages116,398 3,511 4.02116,563 3,