USB

US BANCORP \DE\Financials

10-K for period ending 2025-12-31filed 2026-02-23accession 0000036104-26-000011filing on sec.gov ↗exhibit 13 ↗

answer key

field	SEC value	XBRL concept	printed on
Total revenue	$28.7B	Revenues	not printed on the statement, not scored
Operating income	-	not reported	not in this filing's XBRL
Net income attributable to the company	$7.6B	NetIncomeLoss	Net income attributable to U.S. Bancorp
Diluted EPS	$4.62	EarningsPerShareDiluted	Earnings per common share · Diluted earnings per common share
Cash and cash equivalents	$46.9B	CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	Cash and due from banks
Total assets	$692.3B	Assets	Total assets · Total liabilities and equity
Total liabilities	$626.7B	Liabilities	Total liabilities
Total shareholders' equity attributable to the company	$65.2B	StockholdersEquity	Total U.S. Bancorp shareholders’ equity
Net cash from operating activities	$8.0B	NetCashProvidedByUsedInOperatingActivities	Net cash provided by operating activities
Net cash from investing activities	-$20.5B	NetCashProvidedByUsedInInvestingActivities	Net cash (used in) provided by investing activities
Net cash from financing activities	$2.3B	NetCashProvidedByUsedInFinancingActivities	Net cash provided by (used in) financing activities

Income statement

table #131 · score 45 vs 28 runner-up · in millions

Year Ended December 31 (Dollars and Shares in Millions, Except Per Share Data)	2025	2024	2023
Interest Income
Loans	22,368	23,009	22,324
Loans held for sale	165	173	147
Investment securities	5,398	5,111	4,485
Other interest income	3,039	3,373	3,051
Total interest income	30,970	31,666	30,007
Interest Expense
Deposits	10,151	11,688	8,775
Short-term borrowings	1,373	1,107	1,971
Long-term debt	2,797	2,582	1,865
Total interest expense	14,321	15,377	12,611
Net interest income	16,649	16,289	17,396
Provision for credit losses	2,186	2,238	2,275
Net interest income after provision for credit losses	14,463	14,051	15,121
Noninterest Income
Card revenue	1,735	1,679	1,630
Corporate payment products revenue	765	773	759
Merchant processing services	1,792	1,714	1,659
Trust and investment management fees	2,869	2,660	2,459
Service charges	1,302	1,253	1,306
Capital markets revenue	1,633	1,523	1,372
Mortgage banking revenue	645	627	540
Investment products fees	375	330	279
Securities gains (losses), net	(61)	(154)	(145)
Other	836	641	758
Total noninterest income	11,891	11,046	10,617
Noninterest Expense
Compensation and employee benefits	10,327	10,554	10,416
Net occupancy and equipment	1,227	1,246	1,266
Professional services	468	491	560
Marketing and business development	705	619	726
Technology and communications	2,211	2,074	2,049
Other intangibles	498	569	636
Merger and integration charges	-	155	1,009
Other	1,401	1,480	2,211
Total noninterest expense	16,837	17,188	18,873
Income before income taxes	9,517	7,909	6,865
Applicable income taxes	1,921	1,580	1,407
Net income	7,596	6,329	5,458
Net (income) loss attributable to noncontrolling interests	(26)	(30)	(29)
Net income attributable to U.S. Bancorp	7,570	6,299	5,429
Net income applicable to U.S. Bancorp common shareholders	7,194	5,909	5,051
Earnings per common share	4.62	3.79	3.27
Diluted earnings per common share	4.62	3.79	3.27
Average common shares outstanding	1,557	1,560	1,543
Average diluted common shares outstanding	1,558	1,561	1,543

Balance sheet

table #129 · score 53.8 vs 25.5 runner-up · in millions

At December 31 (Dollars in Millions)	2025	2024
Assets
Cash and due from banks	46,890	56,502
Investment securities
Held-to-maturity (fair value $67,079 and $66,275, respectively)	76,170	78,634
Available-for-sale ($294 and $320 pledged as collateral, respectively)(a)	90,838	85,992
Loans held for sale (including $2,353 and $2,251 of mortgage loans carried at fair value, respectively)	2,538	2,573
Loans
Commercial	153,958	139,484
Commercial real estate	48,920	48,859
Residential mortgages	115,885	118,813
Credit card	32,234	30,350
Other retail	40,338	42,326
Total loans	391,335	379,832
Less allowance for loan losses	(7,605)	(7,583)
Net loans	383,730	372,249
Premises and equipment	3,768	3,565
Goodwill	12,635	12,536
Other intangible assets	4,904	5,547
Other assets (including $2,585 and $7,501 of trading securities at fair value pledged as collateral, respectively)(a)	70,872	60,720
Total assets	692,345	678,318
Liabilities and Shareholders’ Equity
Deposits
Noninterest-bearing	84,116	84,158
Interest-bearing (including $718 and $5,754 of time deposits carried at fair value, respectively)	438,100	434,151
Total deposits	522,216	518,309
Short-term borrowings	17,162	15,518
Long-term debt (including $1,414 and $391 of long-term debt carried at fair value, respectively)	60,764	58,002
Other liabilities	26,552	27,449
Total liabilities	626,694	619,278
Shareholders’ equity
Preferred stock	6,808	6,808
Common stock, $.01 par value per share, authorized: 4,000,000,000 shares; issued: 2025 and 2024 -2,125,725,742 shares	21	21
Capital surplus	8,728	8,715
Retained earnings	80,906	76,863
Less cost of common stock in treasury: 2025 - 570,328,105 shares; 2024 - 565,929,654 shares	(24,283)	(24,065)
Accumulated other comprehensive income (loss)	(6,987)	(9,764)
Total U.S. Bancorp shareholders’ equity	65,193	58,578
Noncontrolling interests	458	462
Total equity	65,651	59,040
Total liabilities and equity	692,345	678,318

Cash flow statement

table #137 · score 55 vs 17.5 runner-up · in millions

Year Ended December 31 (Dollars in Millions)	2025	2024	2023
Operating Activities
Net income attributable to U.S. Bancorp	7,570	6,299	5,429
Adjustments to reconcile net income to net cash provided by operating activities
Provision for credit losses	2,186	2,238	2,275
Depreciation and amortization of premises and equipment	377	370	382
Amortization of intangibles	498	569	636
(Gain) loss on sale of loans held for sale	(257)	(184)	7
(Gain) loss on sale of securities and other assets	1	123	119
Loans originated for sale, net of repayments	(22,116)	(24,225)	(26,936)
Proceeds from sales of loans held for sale	22,019	24,008	26,686
Other, net	(2,308)	2,152	(205)
Net cash provided by operating activities	7,970	11,350	8,393
Investing Activities
Proceeds from sales of available-for-sale investment securities	7,118	13,125	11,209
Proceeds from maturities of held-to-maturity investment securities	6,940	6,161	6,164
Proceeds from maturities of available-for-sale investment securities	6,981	6,006	6,314
Purchases of held-to-maturity investment securities	(3,956)	(246)	(932)
Purchases of available-for-sale investment securities	(15,858)	(35,886)	(8,342)
Net (increase) decrease in loans outstanding	(18,043)	(7,278)	3,829
Proceeds from sales of loans	6,797	645	5,707
Purchases of loans	(1,532)	(1,264)	(1,106)
Net increase in securities purchased under agreements to resell	(5,988)	(3,859)	(2,404)
Net cash paid for acquisitions	(36)	(103)	(330)
Other, net	(2,961)	(1,835)	(1,184)
Net cash (used in) provided by investing activities	(20,538)	(24,534)	18,925
Financing Activities
Net increase (decrease) in deposits	3,330	6,251	(12,567)
Net increase (decrease) in short-term borrowings	1,644	239	(16,508)
Proceeds from issuance of long-term debt	10,360	12,017	15,583
Principal payments or redemption of long-term debt	(9,052)	(6,042)	(4,084)
Proceeds from issuance of common stock	45	32	951
Repurchase of common stock	(489)	(173)	(62)
Cash dividends paid on preferred stock	(334)	(356)	(341)
Cash dividends paid on common stock	(3,168)	(3,092)	(2,970)
Other, net	(86)	(55)	-
Net cash provided by (used in) financing activities	2,250	8,821	(19,998)
Effect of exchange rate changes on cash and due from banks	706	(327)	330
Change in cash and due from banks	(9,612)	(4,690)	7,650
Cash and due from banks at beginning of period	56,502	61,192	53,542
Cash and due from banks at end of period	46,890	56,502	61,192
Supplemental Cash Flow Disclosures
Cash paid for income taxes	544	499	645
Cash paid for interest	14,388	15,382	12,282
Net noncash transfers to foreclosed property	27	24	26
Acquisitions
Assets acquired (sold)	43	106	(83)
Liabilities (assumed) sold	(7)	(3)	413
Net	36	103	330