Company: USB-PA
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000036104-25-000028
Chunk: 210

Company: US BANCORP \DE\
Filing Date: 2025-05-06
Form: 10-Q
Chunk 210
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 consumer or indirectly through dealer networks. Under these arrangements, the Company recorded a total of $ 197million and $ 187million of revenue for the three months ended March 31, 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.

| NOTE 17 |     | Subsequent Events |

The Company has evaluated the impact of events that have occurred subsequent to March 31, 2025 through the date the consolidated financial statements were filed with the SEC. Based on this evaluation, the Company has determined none of these events were required to be recognized or disclosed in the consolidated financial statements and related notes.

| 68 |     | U.S. Bancorp |

U.S. Bancorp

Consolidated Daily Average Balance Sheet and Related Yields and Rates (a)

| (Dollars in Millions) (Unaudited)                           
 Assets                                                      |     | For the Three Months Ended March 31 
 2025                                |         | Average Balances |   |       | Interest |     |       | Yields and Rates | 2024 |         | Average Balances |   |       | Interest |     |       | Yields and Rates | 2025 v 2024 |       | % Change Average Balances |
|:------------------------------------------------------------|:----|:------------------------------------|--------:|:-----------------|:--|------:|:---------|:----|------:|:-----------------|:-----|--------:|:-----------------|:--|------:|:---------|:----|------:|:-----------------|:------------|------:|:--------------------------|
| Investment securities(b)                                    |     | $                                   | 171,178 |                  | $ | 1,328 |          |     |  3.10 | %                | $    | 161,236 |                  | $ | 1,194 |          |     |  2.96 | %                |             |   6.2 | %                         |
| Loans held for sale                                         |     |                                     |   1,823 |                  |   |    28 |          |     |  6.07 |                  |      |   2,002 |                  |   |    37 |          |     |  7