Company: USB-PA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000036104-25-000055
Chunk: 239

Company: US BANCORP \DE\
Filing Date: 2025-08-07
Form: 10-Q
Chunk 239
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      |         |                  |   |       |          |     |  2.09 | %                |             |       |                           |
| Percent of Earning Assets                                   |     |                                    |         |                  |   |       |          |     |       |                  |      |         |                  |   |       |          |     |       |                  |             |       |                           |
| Interest income                                             |     |                                    |         |                  |   |       |          |     |  4.99 | %                |      |         |                  |   |       |          |     |  5.29 | %                |             |       |                           |
| Interest expense                                            |     |                                    |         |                  |   |       |          |     |  2.33 |                  |      |         |                  |   |       |          |     |  2.62 |                  |             |       |                           |
| Net interest margin                                         |     |                                    |         |                  |   |       |          |     |  2.66 | %                |      |         |                  |   |       |          |     |  2.67 | %                |             |       |                           |
| Net interest margin without taxable-equivalent increments   |     |                                    |         |                  |   |       |          |     |  2.64 | %                |      |         |                  |   |       |          |     |  2.65 | %                |             |       |                           |

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

| 76 |     | U.S. Bancorp |

U.S. Bancorp

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

| (Dollars in Millions) (Unaudited)                           
 Assets                                                      |     | For the Six Months Ended June 30 
 202