USB

figures

checks

• assets = liabilities + equity · total assets equals total liabilities and equity
• equity excludes minority interests · totalEquity excludes noncontrolling interests
• net income is before preferred dividends · net income is not the after-preferred-dividends line
• diluted EPS is for total net income · diluted EPS is for total net income
• net income excludes minority interests · netIncome excludes noncontrolling interests
• cash flows tie to the change in cash · operating + investing + financing = -10318000000, but the printed net change in cash is -5988000000 or 3330000000 or 1644000000 (FX effect 706000000)

management's claims

trace

1. 0locator (code)0.28s

   {
     "tables": 330,
     "exhibits": [
       "https://www.sec.gov/Archives/edgar/data/36104/000003610426000011/usb-20251231_d2.htm"
     ],
     "documents": 2
   }

   {
     "income": {
       "rows": 47,
       "scale": 1000000,
       "score": 45,
       "heading": "65 U.S. Bancorp Consolidated Statement of Income",
       "tableIndex": 131,
       "runnerUpScore": 28
     },
     "balance": {
       "rows": 41,
       "scale": 1000000,
       "score": 53.75,
       "heading": "U.S. Bancorp Consolidated Balance Sheet",
       "tableIndex": 129,
       "runnerUpScore": 25.5
     },
     "cashflow": {
       "rows": 49,
       "scale": 1000000,
       "score": 55,
       "heading": "U.S. Bancorp Consolidated Statement of Cash Flows",
       "tableIndex": 137,
       "runnerUpScore": 17.5
     }
   }

2. 1income statement agent1.87s · 1959 tokens · $0.0003

   {
     "rows": 47,
     "retryHint": null,
     "tableIndex": 131
   }

   {
     "figures": [
       {
         "note": "The statement does not print a company-wide total net revenue line; its interest and noninterest income totals are presented separately.",
         "field": "revenue",
         "scale": 1000000,
         "value": null,
         "printed": null,
         "rowIndex": null,
         "rowLabel": null,
         "priorValue": null,
         "agentPrinted": null,
         "failedChecks": [],
         "priorPrinted": null,
         "groundingMismatch": false
       },
       {
         "note": "No operating income or operating profit line is printed; pretax income is not a substitute.",
         "field": "operatingIncome",
         "scale": 1000000,
         "value": null,
         "printed": null,
         "rowIndex": null,
         "rowLabel": null,
         "priorValue": null,
         "agentPrinted": null,
         "failedChecks": [],
         "priorPrinted": null,
         "groundingMismatch": false
       },
       {
         "note": "This is net income attributable to U.S. Bancorp, excluding noncontrolling interests.",
         "field": "netIncome",
         "scale": 1000000,
         "value": 7570000000,
         "printed": "7,570",
         "rowIndex": 41,
         "rowLabel": "Net income attributable to U.S. Bancorp",
         "priorValue": 6299000000,
         "agentPrinted": "7,570",
         "failedChecks": [],
         "priorPrinted": "6,299",
         "groundingMismatch": false
       },
       {
         "note": "This is the printed diluted earnings per common share.",
         "field": "epsDiluted",
         "scale": 1,
         "value": 4.62,
         "printed": "4.62",
         "rowIndex": 44,
         "rowLabel": "Diluted earnings per common share",
         "priorValue": 3.79,
         "agentPrinted": "4.62",
         "failedChecks": [],
         "priorPrinted": "3.79",
         "groundingMismatch": false
       }
     ],
     "statement": "income",
     "tableIndex": 131,
     "priorColumn": 1,
     "currentColumn": 0
   }

3. 2balance sheet agent1.97s · 1570 tokens · $0.0002

   {
     "rows": 41,
     "retryHint": null,
     "tableIndex": 129
   }

   {
     "figures": [
       {
         "note": "Cash and due from banks is the balance sheet’s cash line.",
         "field": "cash",
         "scale": 1000000,
         "value": 46890000000,
         "printed": "46,890",
         "rowIndex": 2,
         "rowLabel": "Cash and due from banks",
         "priorValue": 56502000000,
         "agentPrinted": "46,890",
         "failedChecks": [],
         "priorPrinted": "56,502",
         "groundingMismatch": false
       },
       {
         "note": "This is the printed total assets line.",
         "field": "totalAssets",
         "scale": 1000000,
         "value": 692345000000,
         "printed": "692,345",
         "rowIndex": 20,
         "rowLabel": "Total assets",
         "priorValue": 678318000000,
         "agentPrinted": "692,345",
         "failedChecks": [],
         "priorPrinted": "678,318",
         "groundingMismatch": false
       },
       {
         "note": "This is the printed total liabilities line, not liabilities and equity.",
         "field": "totalLiabilities",
         "scale": 1000000,
         "value": 626694000000,
         "printed": "626,694",
         "rowIndex": 29,
         "rowLabel": "Total liabilities",
         "priorValue": 619278000000,
         "agentPrinted": "626,694",
         "failedChecks": [],
         "priorPrinted": "619,278",
         "groundingMismatch": false
       },
       {
         "note": "This is U.S. Bancorp shareholders’ equity, excluding noncontrolling interests.",
         "field": "totalEquity",
         "scale": 1000000,
         "value": 65193000000,
         "printed": "65,193",
         "rowIndex": 37,
         "rowLabel": "Total U.S. Bancorp shareholders’ equity",
         "priorValue": 58578000000,
         "agentPrinted": "65,193",
         "failedChecks": [],
         "priorPrinted": "58,578",
         "groundingMismatch": false
       }
     ],
     "statement": "balance",
     "tableIndex": 129,
     "priorColumn": 1,
     "currentColumn": 0
   }

4. 3cash flow agent2.05s · 1773 tokens · $0.0002

   {
     "rows": 49,
     "retryHint": null,
     "tableIndex": 137
   }

   {
     "figures": [
       {
         "note": "This is the operating-activities section total, after the listed adjustments.",
         "field": "operatingCashFlow",
         "scale": 1000000,
         "value": 7970000000,
         "printed": "7,970",
         "rowIndex": 12,
         "rowLabel": "Net cash provided by operating activities",
         "priorValue": 11350000000,
         "agentPrinted": "7,970",
         "failedChecks": [],
         "priorPrinted": "11,350",
         "groundingMismatch": false
       },
       {
         "note": "This is the investing-activities section total.",
         "field": "investingCashFlow",
         "scale": 1000000,
         "value": -20538000000,
         "printed": "(20,538)",
         "rowIndex": 25,
         "rowLabel": "Net cash (used in) provided by investing activities",
         "priorValue": -24534000000,
         "agentPrinted": "(20,538)",
         "failedChecks": [],
         "priorPrinted": "(24,534)",
         "groundingMismatch": false
       },
       {
         "note": "This is the financing-activities section total.",
         "field": "financingCashFlow",
         "scale": 1000000,
         "value": 2250000000,
         "printed": "2,250",
         "rowIndex": 36,
         "rowLabel": "Net cash provided by (used in) financing activities",
         "priorValue": 8821000000,
         "agentPrinted": "2,250",
         "failedChecks": [],
         "priorPrinted": "8,821",
         "groundingMismatch": false
       }
     ],
     "statement": "cashflow",
     "tableIndex": 137,
     "priorColumn": 1,
     "currentColumn": 0
   }

5. 4reconciler (code)0.00s

   null

   [
     {
       "name": "balance_identity",
       "detail": "total assets equals total liabilities and equity",
       "fields": [
         "totalAssets"
       ],
       "passed": true,
       "skipped": false,
       "statement": "balance"
     },
     {
       "name": "totalEquity_attribution",
       "detail": "totalEquity excludes noncontrolling interests",
       "fields": [
         "totalEquity"
       ],
       "passed": true,
       "skipped": false,
       "statement": "balance"
     },
     {
       "name": "netIncome_before_preferred",
       "detail": "net income is not the after-preferred-dividends line",
       "fields": [
         "netIncome"
       ],
       "passed": true,
       "skipped": false,
       "statement": "income"
     },
     {
       "name": "epsDiluted_total",
       "detail": "diluted EPS is for total net income",
       "fields": [
         "epsDiluted"
       ],
       "passed": true,
       "skipped": false,
       "statement": "income"
     },
     {
       "name": "netIncome_attribution",
       "detail": "netIncome excludes noncontrolling interests",
       "fields": [
         "netIncome"
       ],
       "passed": true,
       "skipped": false,
       "statement": "income"
     },
     {
       "name": "cash_flow_tie",
       "detail": "operating + investing + financing = -10318000000, but the printed net change in cash is -5988000000 or 3330000000 or 1644000000 (FX effect 706000000)",
       "fields": [
         "operatingCashFlow",
         "investingCashFlow",
         "financingCashFlow"
       ],
       "passed": false,
       "skipped": false,
       "statement": "cashflow"
     }
   ]

6. 5MD&A claims agent5.47s · 2649 tokens · $0.0005

   null

   [
     {
       "kind": "current_value",
       "field": "netIncome",
       "quote": "The Company reported net income attributable to U.S. Bancorp of $7.6 billion in 2025, or $4.62 per diluted common share, compared with $6.3 billion, or $3.79 per diluted common share, in 2024.",
       "scope": "consolidated",
       "actual": 7570000000,
       "reason": "Net income attributable to the company: \"Net income attributable to U.S. Bancorp\" is 7570000000 (prior year 6299000000)",
       "claimed": 7600000000,
       "verdict": "consistent",
       "asWritten": "$7.6 billion",
       "tolerance": 50000000,
       "quoteVerified": true
     },
     {
       "kind": "current_value",
       "field": "epsDiluted",
       "quote": "The Company reported net income attributable to U.S. Bancorp of $7.6 billion in 2025, or $4.62 per diluted common share, compared with $6.3 billion, or $3.79 per diluted common share, in 2024.",
       "scope": "consolidated",
       "actual": null,
       "reason": "Diluted EPS: the sentence doesn't name this figure",
       "claimed": null,
       "verdict": "not_checked",
       "asWritten": "$4.62",
       "tolerance": null,
       "quoteVerified": true
     },
     {
       "kind": "current_value",
       "field": "revenue",
       "quote": "Noninterest income in 2025 was $11.9 billion, compared with $11.0 billion in 2024.",
       "scope": "consolidated",
       "actual": null,
       "reason": "Total revenue: the sentence is about a region, segment or adjusted measure",
       "claimed": null,
       "verdict": "not_checked",
       "asWritten": "$11.9 billion",
       "tolerance": null,
       "quoteVerified": true
     },
     {
       "kind": "amount_change",
       "field": "revenue",
       "quote": "The $845 million (7.6 percent) increase in 2025 from 2024 reflected higher trust and investment management fees, payment services revenue, capital markets revenue, other noninterest income and lower losses on the sales of investment securities.",
       "scope": "consolidated",
       "actual": null,
       "reason": "Total revenue: the sentence is about a region, segment or adjusted measure",
       "claimed": null,
       "verdict": "not_checked",
       "asWritten": "$845 million",
       "tolerance": null,
       "quoteVerified": true
     },
     {
       "kind": "percent_change",
       "field": "revenue",
       "quote": "The $845 million (7.6 percent) increase in 2025 from 2024 reflected higher trust and investment management fees, payment services revenue, capital markets revenue, other noninterest income and lower losses on the sales of investment securities.",
       "scope": "consolidated",
       "actual": null,
       "reason": "Total revenue: the sentence is about a region, segment or adjusted measure",
       "claimed": null,
       "verdict": "not_checked",
       "asWritten": "7.6 percent",
       "tolerance": null,
       "quoteVerified": true
     },
     {
       "kind": "amount_change",
       "field": "netIncome",
       "quote": "Wealth, Corporate, Commercial and Institutional Banking contributed $4.6 billion of the Company’s net income in 2025, or a decrease of $135 million (2.8 percent), compared with 2024.",
       "scope": "segment_or_non_gaap",
       "actual": null,
       "reason": "Net income attributable to the company: about a segment, region or non-GAAP measure, which the statements can't confirm",
       "claimed": null,
       "verdict": "not_checked",
       "asWritten": "$135 million",
       "tolerance": null,
       "quoteVerified": true
     },
     {
       "kind": "percent_change",
       "field": "netIncome",
       "quote": "Wealth, Corporate, Commercial and Institutional Banking contributed $4.6 billion of the Company’s net income in 2025, or a decrease of $135 million (2.8 percent), compared with 2024.",
       "scope": "segment_or_non_gaap",
       "actual": null,
       "reason": "Net income attributable to the company: about a segment, region or non-GAAP measure, which the statements can't confirm",
       "claimed": null,
       "verdict": "not_checked",
       "asWritten": "2.8 percent",
       "tolerance": null,
       "quoteVerified": true
     },
     {
       "kind": "amount_change",
       "field": "netIncome",
       "quote": "Consumer and Business Banking contributed $1.7 billion of the Company’s net income in 2025, or a decrease of $164 million (8.7 percent), compared with 2024.",
       "scope": "segment_or_non_gaap",
       "actual": null,
       "reason": "Net income attributable to the company: about a segment, region or non-GAAP measure, which the statements can't confirm",
       "claimed": null,
       "verdict": "not_checked",
       "asWritten": "$164 million",
       "tolerance": null,
       "quoteVerified": true
     },
     {
       "kind": "percent_change",
       "field": "netIncome",
       "quote": "Consumer and Business Banking contributed $1.7 billion of the Company’s net income in 2025, or a decrease of $164 million (8.7 percent), compared with 2024.",
       "scope": "segment_or_non_gaap",
       "actual": null,
       "reason": "Net income attributable to the company: about a segment, region or non-GAAP measure, which the statements can't confirm",
       "claimed": null,
       "verdict": "not_checked",
       "asWritten": "8.7 percent",
       "tolerance": null,
       "quoteVerified": true
     }
   ]