Company: USB-PA
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000036104-25-000028
Chunk: 113

Company: US BANCORP \DE\
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 8
Chunk 113
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rolling interests— — — — — — (7)(7)(7)(7)Net income (loss) attributable to U.S. Bancorp$1,171 $1,126 $398 $469 $340 $236 $(200)$(512)$1,709 $1,319 Average Balance SheetLoans$177,973 $171,137 $153,945 $154,956 $41,611 $39,803 $5,499 $5,174 $379,028 $371,070 Other earning assets11,957 8,738 1,778 1,879 57 153 217,410 214,295 231,202 225,065 Goodwill4,824 4,824 4,325 4,326 3,392 3,332 — — 12,541 12,482 Other intangible assets863 1,059 4,368 4,696 249 300 8 10 5,488 6,065 Assets208,621 199,260 166,532 169,195 46,829 46,814 247,411 238,640 669,393 653,909 Noninterest-bearing deposits55,093 58,555 19,181 21,389 2,682 2,791 2,740 2,052 79,696 84,787 Interest-bearing deposits214,318 208,309 200,833 198,798 95 97 11,592 11,070 426,838 418,274 Total deposits269,411 266,864 220,014 220,187 2,777 2,888 14,332 13,122 506,534 503,061 Total U.S. Bancorp shareholders’ equity21,549 21,760 13,706 14,851 10,229 9,965 14,127 9,091 59,611 55,667 (a)Total net interest income includes a taxable-equivalent adjustment of $30 million for both of the three months ended March 31, 2025 and 2024. See Non-GAAP Financial Measures beginning on page 27.(b)Payment Services noninterest income presented net of related rewards