Company: USB-PA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000036104-25-000055
Chunk: 235

Company: US BANCORP \DE\
Filing Date: 2025-08-07
Form: 10-Q
Chunk 235
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,012 |      |                  |     95 |      |   |     96 |      |                                |  12,681 |      |   |  11,150 |      |                      | 423,773 |      |   | 430,491 |      |
| Total deposits                                             |     |                                                         | 264,516 |      |   | 275,595 |      |                               | 220,513 |      |   | 221,857 |      |                  |  2,607 |      |   |  2,802 |      |                                |  15,254 |      |   |  13,655 |      |                      | 502,890 |      |   | 513,909 |      |
| Total U.S. Bancorp shareholders’ equity                    |     |                                                         |  21,817 |      |   |  21,487 |      |                               |  13,562 |      |   |  14,558 |      |                  | 10,235 |      |   |  9,941 |      |                                |  15,285 |      |   |  10,043 |      |                      |  60,899 |      |   |  56,029 |      |

(a) Total net interest income includes a taxable-equivalent adjustment of $ 29million for the three months ended June 30, 2025 and 2024. See Non-GAAP Financial Measures beginning on page 29.

(b) Payment Services noninterest income presented net of related rewards and rebate costs and certain partner payments of $ 789million and $ 776million for the three months ended June 30, 2025 and 2024, respectively.

(c) Total noninterest income includes revenue generated from certain contracts with customers of $ 2.4billion and $ 2.3billion for the three months ended June 30, 2025 and 2024, respectively.

(d) The Company, as a lessor, originates retail and commercial leases either directly to the consumer or indirectly through dealer networks. Under these arrangements, the Company recorded a total of $ 199million and $ 195million of revenue for the three months ended June 30, 2025 and 2024, respectively, primarily consisting of interest income on sales-type and direct financing leases.

(e) Other direct expenses for each reportable segment includes: net occupancy and equipment,