Company: USB-PA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000036104-25-000064
Chunk: 135

Company: US BANCORP \DE\
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 8
Chunk 135
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 Money market savings181,063 1,403 3.07206,546 1,930 3.72 (12.3)Savings accounts62,599 289 1.8336,814 28 .30 70.0 Time deposits56,949 526 3.6758,827 647 4.37 (3.2)Total interest-bearing deposits431,892 2,648 2.43427,818 3,004 2.79 1.0 Short-term borrowingsFederal funds purchased428 4 3.97302 4 4.97 41.7Securities sold under agreements to repurchase(d)7,621 207 10.747,253 95 5.22 5.1 Commercial paper4,366 32 2.906,538 65 3.94 (33.2)Other short-term borrowings(e)3,283 85 10.283,630 120 13.21 (9.6)Total short-term borrowings(d)15,698 328 8.2817,723 284 6.38 (11.4)Long-term debt63,329 729 4.5754,841 663 4.81 15.5 Total interest-bearing liabilities(d)510,919 3,705 2.88500,382 3,951 3.14 2.1 Other liabilities25,695 24,575 4.6 Shareholders’ equityPreferred equity6,808 6,808 — Common equity55,835 51,475 8.5 Total U.S. Bancorp shareholders’ equity62,643 58,283 7.5 Noncontrolling interests458 461 (.7)Total equity63,101 58,744 7.4 Total liabilities and equity$679,605 $664,640 2.3 Net interest income$4,251 $4,166 Gross interest margin2.25 %2.19 %Gross interest margin without taxable-equivalent increments2.23 %2.17 %Percent of Earning AssetsInterest income5.13 %5.33 %Interest expense2.382.59Net interest margin2.75 %2.74 %Net interest margin without taxable