Company: USB-PA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000036104-25-000064
Chunk: 179

Company: US BANCORP \DE\
Filing Date: 2025-11-05
Form: 10-Q
Chunk 179
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 |     |   |     8.6 |               |   |     8.3 |              |
| Tier 1 capital as a percent of total on- and off-balance sheet leverage exposure (total leverage exposure ratio) |     |   |     7.0 |               |   |     6.8 |              |

(a) The Company’s common equity tier 1 capital to risk-weighted assets ratio, reflecting the full implementation of the CECL methodology, was 10.5 percent at December 31, 2024. See Non-GAAP Financial Measures beginning on page 29.

| 24 |     | U.S. Bancorp |

Total U.S. Bancorp shareholders’ equity was $63.3 billion at September 30, 2025, compared with $58.6 billion at December 31, 2024. The increase was primarily the result of corporate earnings and changes in unrealized gains and losses on available-for-sale investment securities included in accumulated other comprehensive income (loss), partially offset by dividends paid. The Company announced on September 12, 2024 that its Board of Directors authorized a share repurchase program to repurchase up to $5.0 billion of its common stock, effective September 13, 2024. Capital distributions, including dividends and stock repurchases, are subject to the approval of the Company’s Board of Directors and compliance with regulatory requirements. The following table provides a detailed analysis of all shares of common stock of the Company purchased by the Company during the third quarter of 2025:

| Period    |     | Total Number 
    of Shares 
    Purchased |   |       |    Average 
 Price Paid 
  Per Share |     |        Total Number 
 of Shares Purchased 
 as Part of Publicly 
           Announced 
             Program |   |       | Approximate Dollar Value of Shares 
 that May Yet Be                    
 Purchased Under                    
 the Program                        
 (In Millions)                      |
|:----------|:----|-------------:|:--|------:|-----------:|:----|--------------------:|:--|------:|:-----------------------------------|
| July      |     |    2,177,997 | $ | 46.17 |            |     |           2,177,997 | $ | 4,512 |                                    |
| August    |     |        1,065 |   |       |      45.94 |     |               1,065 |   |