Company: USB-PA
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000036104-25-000028
Chunk: 116

Company: US BANCORP \DE\
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 8
Chunk 116
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8 Total short-term borrowings18,841 249 5.37 16,364 271 6.66 15.1 Long-term debt58,344 664 4.61 52,713 625 4.76 10.7 Total interest-bearing liabilities504,023 3,424 2.75 487,351 3,780 3.12 3.4 Other liabilities25,603 25,640 (.1)Shareholders’ equityPreferred equity6,808 6,808 — Common equity52,803 48,859 8.1 Total U.S. Bancorp shareholders’ equity59,611 55,667 7.1 Noncontrolling interests460 464 (.9)Total equity60,071 56,131 7.0 Total liabilities and equity$669,393 $653,909 2.4 Net interest income$4,122 $4,015 Gross interest margin2.24 %2.13 %Gross interest margin without taxable-equivalent increments2.22 %2.11 %Percent of Earning AssetsInterest income4.99 %5.25 %Interest expense2.27 2.55 Net interest margin2.72 %2.70 %Net interest margin without taxable-equivalent increments2.70 %2.68 %

*       Not meaningful

(a)Interest and rates are presented on a fully taxable-equivalent basis based on a federal income tax rate of 21 percent. 

(b)Yields on investment securities are computed based on amortized cost balances, excluding any premiums or discounts recorded related to the transfer of investment securities at fair value from available-for-sale to held-to-maturity. Yields include impacts of hedge accounting, including portfolio level basis adjustments.

(c)Interest income and rates on loans include loan fees. Nonaccrual loans are included in average loan balances. 

(d)Interest expense and rates include interest paid on collateral associated with derivative positions.

U.S. Bancorp69

Part II — Other Information