Company: USB-PA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000036104-25-000064
Chunk: 131

Company: US BANCORP \DE\
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 8
Chunk 131
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 ended September 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 $200 million and $195 million of revenue for the three months ended September 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, professional services, marketing and business development, technology and communications, and other.

74U.S. Bancorp

Business segment results for the nine months ended September 30 were as follows: Wealth, Corporate, Commercial and Institutional Banking Consumer and Business Banking Payment ServicesTreasury and Corporate Support Consolidated Company (Dollars in Millions)2025202420252024202520242025202420252024Condensed Income Statement    Net interest income (taxable-equivalent basis)(a)$5,363 $5,679 $5,459 $5,712 $2,253 $2,102 $(622)$(1,260)$12,453 $12,233 Noninterest income(b)(c)3,620 3,387 1,251 1,239 3,257 3,144 710 443 8,838 8,213 Total net revenue(d)8,983 9,066 6,710 6,951 5,510 5,246 88 (817)21,291 20,446 Compensation and employee benefits1,587 1,629 1,579 1,668 659 645 3,973 4,005 7,798 7,947 Other intangibles138 156 177 201 57 73 — — 372 430 Net shared services1,579 1,616 2,050 2,074 1,595 1,559 (5,224)(5,249)— — Other direct expenses(e)711 695 928 959 725 679 2,076 2,167 4,440 4,500 Total noninterest expense4,015 4,096 4,734 4,902 3,036 2,956 825 923 12,610