Company: USB-PA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000036104-25-000055
Chunk: 193

Company: US BANCORP \DE\
Filing Date: 2025-08-07
Form: 10-Q
Chunk 193
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              |  57 |     |             | 1,121 |
| Deduct                               |     |   |       |            |                        |       |     |                       |     |     |             |       |     |              |     |     |             |       |
| Loans charged-off                    |     |   |   319 |            |                        |    72 |     |                       |   7 |     |             |   695 |     |              | 154 |     |             | 1,247 |
| Less recoveries of loans charged-off |     |   |   -60 |            |                        |   -15 |     |                       | -11 |     |             |   -84 |     |              | -51 |     |             |  -221 |
| Net loan charge-offs (recoveries)    |     |   |   259 |            |                        |    57 |     |                       |  -4 |     |             |   611 |     |              | 103 |     |             | 1,026 |
| Balance at end of period             |     | $ | 2,180 |            | $                      | 1,596 |     | $                     | 836 |     | $           | 2,498 |     | $            | 824 |     | $           | 7,934 |

The decrease in the allowance for credit losses at June 30, 2025, compared with December 31, 2024, was primarily driven by the impact of loan portfolio sales during the second quarter of 2025, along with improved credit quality and portfolio mix.

| 42 |     | U.S. Bancorp |

The following table provides a summary of loans charged-off by portfolio class and year of origination:

| Three Months Ended June 30 
 (Dollars in Millions)      
 2025                       |     |   |     | Commercial |   |    | Commercial              
 Real Estate             |   |   | Residential  Mortgages | Credit Card(a) |     |     |   |     | Other Retail |   |       | Total Loans |
|:---------------------------|:----|:--|----:|:-----------|:--|---:|:------------------------|:--|--:|:-----------------------|:---------------|----:|:----|:--|----:|:-------------|:--|------:|:------------|
| Originated in