Company: USB-PA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000036104-25-000055
Chunk: 47

Company: US BANCORP \DE\
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 7
Chunk 47
---
52024PercentChange20252024PercentChangeCondensed Income StatementNet interest income (taxable-equivalent basis)$(294)$(461)36.2 %$4,080 $4,052 .7 %Noninterest income203 178 14.0 2,924 2,815 3.9Total net revenue(91)(283)67.8 7,004 6,867 2.0Noninterest expense202 203 (.5)4,181 4,214 (.8)Income (loss) before provision and income taxes(293)(486)39.7 2,823 2,653 6.4Provision for credit losses(105)50 *501 568 (11.8)Income (loss) before income taxes(188)(536)64.9 2,322 2,085 11.4Income taxes and taxable-equivalent adjustment(127)(182)30.2 501 474 5.7Net income (loss)(61)(354)82.8 1,821 1,611 13.0Net (income) loss attributable to noncontrolling interests(6)(8)25.0 (6)(8)25.0Net income (loss) attributable to U.S. Bancorp$(67)$(362)81.5 $1,815 $1,603 13.2Average Balance SheetLoans$5,562 $5,115 8.7 $378,529 $374,685 1.0Goodwill— — — 12,577 12,477 .8Other intangible assets8 9 (11.1)5,360 6,031 (11.1)Assets248,372 247,390 .4 673,341 665,504 1.2Noninterest-bearing deposits2,573 2,505 2.7 79,117 83,418 (5.2)Interest-bearing deposits12,681 11,150 13.7 423,773 430,491 (1.6)Total deposits15,254 13,655 11.7 502,890 513,909 (2.1)Total U.S. Bancorp shareholders’ equity15,285 10,043 52.2 60,899 56,029