Company: USB-PA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000036104-25-000064
Chunk: 23

Company: US BANCORP \DE\
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 7
Chunk 23
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81 4,088 5 .49 Home equity and second mortgages13,790 (2)(.06)13,239 (1)(.03)Other22,585 43 .76 25,598 47 .73 Total other retail40,093 58 .57 42,925 51 .47 Total loans$379,152 $536 .56 %$374,070 $564 .60 %Nine Months Ended September 3020252024(Dollars in Millions)Average Loan BalanceNet       Charge-offsPercentAverage Loan BalanceNet       Charge-offsPercentCommercialCommercial$139,047 $366 .35 %$128,582 $383 .40 %Lease financing4,220 17 .54 4,167 23 .74 Total commercial143,267 383 .36 132,749 406 .41 Commercial Real EstateCommercial mortgages38,400 155 .54 40,918 119 .39 Construction and development10,132 1 .01 11,339 8 .09 Total commercial real estate48,532 156 .43 52,257 127 .32 Residential Mortgages116,398 (2)— 116,563 (7)(.01)Credit Card29,747 926 4.16 28,430 910 4.28 Other RetailRetail leasing3,858 40 1.39 4,118 13 .42 Home equity and second mortgages13,671 (3)(.03)13,092 (2)(.02)Other23,430 137 .78 26,069 143 .73 Total other retail40,959 174 .57 43,279 154 .48 Total loans$378,903 $1,637 .58 %$373,278 $1,590 .57 %

Analysis of Loan Net Charge-offs Total loan net charge-offs were $536 million for the third quarter and $1.6 billion for the first nine months of 2025, compared with $564 million and $1.6 billion, respectively, for the same periods of 2024. The decrease in net charge-offs in the third quarter of 2025, compared with the third quarter of 2024, was