Company: USB-PA
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000036104-25-000028
Chunk: 44

Company: US BANCORP \DE\
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 7
Chunk 44
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. There may be limits in the usefulness of these measures to investors. As a result, the Company encourages readers to consider the consolidated financial statements and other financial information contained in this report in their entirety, and not to rely on any single financial measure. 

The following tables show the Company’s calculation of these non-GAAP financial measures: 

(Dollars in Millions)March 31,2025December 31,2024Total equity$60,558 $59,040 Preferred stock(6,808)(6,808)Noncontrolling interests(462)(462)Common equity(1)53,288 51,770 Goodwill (net of deferred tax liability)(a)(11,521)(11,508)Intangible assets (net of deferred tax liability), other than mortgage servicing rights(1,761)(1,846)Tangible common equity(2)40,006 38,416 Common equity tier 1 capital, determined in accordance with transitional regulatory capital requirements related to the CECL methodology implementation47,877 Adjustments(b)(433)Common equity tier 1 capital, reflecting the full implementation of the CECL methodology(3)47,444 Total assets(4)676,489 678,318 Goodwill (net of deferred tax liability)(a)(11,521)(11,508)Intangible assets (net of deferred tax liability), other than mortgage servicing rights(1,761)(1,846)Tangible assets(5)663,207 664,964 Risk-weighted assets, determined in accordance with prescribed regulatory capital requirements effective for the Company(6)450,290 450,498 Adjustments(c)(368)Risk-weighted assets, reflecting the full implementation of the CECL methodology(7)450,130 RatiosCommon equity to assets(1)/(4)7.9 %7.6 %Tangible common equity to tangible assets(2)/(5)6.0 5.8 Tangible common equity to risk-weighted assets(2)/(6)8.9 8.5 Common equity tier 1 capital to risk-weighted assets, reflecting the full implementation of the CECL methodology(3)/(7)10.5 

(a)Includes goodwill related to certain investments in unconsolidated financial institutions per prescribed regulatory requirements. 

(b)Includes the estimated increase in the allowance for credit losses related to the adoption of the CECL methodology net of deferred taxes.