Company: USB-PA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000036104-25-000055
Chunk: 49

Company: US BANCORP \DE\
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 7
Chunk 49
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.0)$41,922 $40,318 4.0Goodwill4,825 4,824 — 4,326 4,326 —3,409 3,330 2.4Other intangible assets840 1,032 (18.6)4,322 4,715 (8.3)254 291 (12.7)Assets210,314 201,291 4.5 165,834 168,946 (1.8)47,338 46,456 1.9Noninterest-bearing deposits54,794 58,001 (5.5)19,365 21,081 (8.1)2,597 2,749 (5.5)Interest-bearing deposits213,136 213,933 (.4)199,932 199,247 .395 96 (1.0)Total deposits267,930 271,934 (1.5)219,297 220,328 (.5)2,692 2,845 (5.4)Total U.S. Bancorp shareholders’ equity21,684 21,624 .3 13,633 14,705 (7.3)10,232 9,953 2.8Treasury andCorporate SupportConsolidatedCompanySix Months Ended June 30(Dollars in Millions)20252024PercentChange20252024PercentChangeCondensed Income StatementNet interest income (taxable-equivalent basis)$(462)$(942)51.0 %$8,202 $8,067 1.7 %Noninterest income430 364 18.15,760 5,515 4.4Total net revenue(32)(578)94.513,962 13,582 2.8Noninterest expense517 655 (21.1)8,413 8,673 (3.0)Income (loss) before provision and income taxes(549)(1,233)55.55,549 4,909 13.0Provision for credit losses43 49 (12.2)1,038 1,121 (7.4)Income (loss) before income taxes(592)(1,282)53.84,511 3,788 19.1Income taxes and taxable-equivalent adjustment(302)(417)27