Company: USB-PA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000036104-25-000064
Chunk: 73

Company: US BANCORP \DE\
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 8
Chunk 73
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692 $834 $7,897 2024Balance at beginning of period$2,119 $1,620 $827 $2,403 $870 $7,839 AddProvision for credit losses475 82 (31)1,055 97 1,678 DeductLoans charged-off484 152 10 1,042 228 1,916 Less recoveries of loans charged-off(78)(25)(17)(132)(74)(326)Net loan charge-offs (recoveries)406 127 (7)910 154 1,590 Balance at end of period$2,188 $1,575 $803 $2,548 $813 $7,927 The decrease in the allowance for credit losses at September 30, 2025, compared with December 31, 2024, was primarily driven by the impact of loan sales during the second quarter of 2025, along with improved credit quality and portfolio mix. 

42U.S. Bancorp

The following table provides a summary of loans charged-off by portfolio class and year of origination: Three Months Ended September 30 (Dollars in Millions)CommercialCommercial Real EstateResidential MortgagesCredit Card(a)Other RetailTotal Loans2025Originated in 2025$4 $— $— $— $3 $7 Originated in 202416 12 — — 11 39 Originated in 202312 34 — — 19 65 Originated in 202213 60 1 — 11 85 Originated in 20215 — — — 8 13 Originated prior to 20218 4 2 — 8 22 Revolving71 — — 344 23 438 Total charge-offs$129 $110 $3 $344 $83 $669 2024Originated in 2024$10 $39 $— $— $4 $53 Originated in 202316 15 — — 13 44 Originated in 202248 23 1 — 11 83 Originated in 20218 — — — 9 17 Originated in 20203 1 — — 4