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USB

US BANCORP \DE\eval run
10-K for period ending 2025-12-31gpt-6-luna@none · prompt v4$0.00073.0s9/9 correct vs SECfiling on sec.gov ↗

figures

fieldvaluestatement rowprintedSEC
Total revenue-not printed on this statement-$28.7B
Operating income-not printed on this statement--
Net income attributable to the company$7.6BR41 Net income attributable to U.S. Bancorp7,570 millions$7.6B ✓
Diluted EPS$4.62R44 Diluted earnings per common share4.62$4.62 ✓
Cash and cash equivalents$46.9BR2 Cash and due from banks46,890 millions$46.9B ✓
Total assets$692.3BR20 Total assets692,345 millions$692.3B ✓
Total liabilities$626.7BR29 Total liabilities626,694 millions$626.7B ✓
Total shareholders' equity attributable to the company$65.2BR37 Total U.S. Bancorp shareholders’ equity65,193 millions$65.2B ✓
Net cash from operating activities$8.0BR12 Net cash provided by operating activities7,970 millions$8.0B ✓
Net cash from investing activities-$20.5BR25 Net cash (used in) provided by investing activities(20,538) millions-$20.5B ✓
Net cash from financing activities$2.3BR36 Net cash provided by (used in) financing activities2,250 millions$2.3B ✓

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)

trace

  1. 0locator (code)0.26s
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}
    {
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    "heading": "65 U.S. Bancorp Consolidated Statement of Income",
    "tableIndex": 131,
    "runnerUpScore": 28
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  "balance": {
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    "heading": "U.S. Bancorp Consolidated Balance Sheet",
    "tableIndex": 129,
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  "cashflow": {
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    "scale": 1000000,
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    "heading": "U.S. Bancorp Consolidated Statement of Cash Flows",
    "tableIndex": 137,
    "runnerUpScore": 17.5
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  2. 1cash flow agent1.66s · 1774 tokens · $0.0002
    {
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    {
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    {
      "note": "This is the operating activities section total, rather than a subtotal before adjustments.",
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      "printed": "7,970",
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      "rowLabel": "Net cash provided by operating activities",
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    {
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      "printed": "(20,538)",
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      "rowLabel": "Net cash (used in) provided by investing activities",
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    {
      "note": "This row gives the financing activities section total.",
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      "scale": 1000000,
      "value": 2250000000,
      "printed": "2,250",
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      "rowLabel": "Net cash provided by (used in) financing activities",
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  3. 2balance sheet agent2.10s · 1569 tokens · $0.0002
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    {
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      "note": "Cash and due from banks is the balance sheet’s cash line.",
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      "printed": "46,890",
      "rowIndex": 2,
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    {
      "note": "This row explicitly reports total assets.",
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      "scale": 1000000,
      "value": 692345000000,
      "printed": "692,345",
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    {
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      "scale": 1000000,
      "value": 626694000000,
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    {
      "note": "This is U.S. Bancorp shareholders’ equity, excluding noncontrolling interests.",
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      "scale": 1000000,
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  4. 3income statement agent2.41s · 1956 tokens · $0.0003
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    {
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      "note": "The statement does not print a company-wide net revenue total; net interest income and total noninterest income are separate lines.",
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    {
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    "name": "netIncome_before_preferred",
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    "skipped": false,
    "statement": "income"
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    "statement": "income"
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  },
  {
    "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)",
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      "investingCashFlow",
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]

Income statement

table #131 · current period is figure column 1
0Year Ended December 31 (Dollars and Shares in Millions, Except Per Share Data)202520242023
1Interest Income
2Loans22,36823,00922,324
3Loans held for sale165173147
4Investment securities5,3985,1114,485
5Other interest income3,0393,3733,051
6Total interest income30,97031,66630,007
7Interest Expense
8Deposits10,15111,6888,775
9Short-term borrowings1,3731,1071,971
10Long-term debt2,7972,5821,865
11Total interest expense14,32115,37712,611
12Net interest income16,64916,28917,396
13Provision for credit losses2,1862,2382,275
14Net interest income after provision for credit losses14,46314,05115,121
15Noninterest Income
16Card revenue1,7351,6791,630
17Corporate payment products revenue765773759
18Merchant processing services1,7921,7141,659
19Trust and investment management fees2,8692,6602,459
20Service charges1,3021,2531,306
21Capital markets revenue1,6331,5231,372
22Mortgage banking revenue645627540
23Investment products fees375330279
24Securities gains (losses), net(61)(154)(145)
25Other836641758
26Total noninterest income11,89111,04610,617
27Noninterest Expense
28Compensation and employee benefits10,32710,55410,416
29Net occupancy and equipment1,2271,2461,266
30Professional services468491560
31Marketing and business development705619726
32Technology and communications2,2112,0742,049
33Other intangibles498569636
34Merger and integration charges-1551,009
35Other1,4011,4802,211
36Total noninterest expense16,83717,18818,873
37Income before income taxes9,5177,9096,865
38Applicable income taxes1,9211,5801,407
39Net income7,5966,3295,458
40Net (income) loss attributable to noncontrolling interests(26)(30)(29)
41Net income attributable to U.S. Bancorp← Net income attributable to the company7,5706,2995,429
42Net income applicable to U.S. Bancorp common shareholders7,1945,9095,051
43Earnings per common share4.623.793.27
44Diluted earnings per common share← Diluted EPS4.623.793.27
45Average common shares outstanding1,5571,5601,543
46Average diluted common shares outstanding1,5581,5611,543

Balance sheet

table #129 · current period is figure column 1
0At December 31 (Dollars in Millions)20252024
1Assets
2Cash and due from banks← Cash and cash equivalents46,89056,502
3Investment securities
4Held-to-maturity (fair value $67,079 and $66,275, respectively)76,17078,634
5Available-for-sale ($294 and $320 pledged as collateral, respectively)(a)90,83885,992
6Loans held for sale (including $2,353 and $2,251 of mortgage loans carried at fair value, respectively)2,5382,573
7Loans
8Commercial153,958139,484
9Commercial real estate48,92048,859
10Residential mortgages115,885118,813
11Credit card32,23430,350
12Other retail40,33842,326
13Total loans391,335379,832
14Less allowance for loan losses(7,605)(7,583)
15Net loans383,730372,249
16Premises and equipment3,7683,565
17Goodwill12,63512,536
18Other intangible assets4,9045,547
19Other assets (including $2,585 and $7,501 of trading securities at fair value pledged as collateral, respectively)(a)70,87260,720
20Total assets← Total assets692,345678,318
21Liabilities and Shareholders’ Equity
22Deposits
23Noninterest-bearing84,11684,158
24Interest-bearing (including $718 and $5,754 of time deposits carried at fair value, respectively)438,100434,151
25Total deposits522,216518,309
26Short-term borrowings17,16215,518
27Long-term debt (including $1,414 and $391 of long-term debt carried at fair value, respectively)60,76458,002
28Other liabilities26,55227,449
29Total liabilities← Total liabilities626,694619,278
30Shareholders’ equity
31Preferred stock6,8086,808
32Common stock, $.01 par value per share, authorized: 4,000,000,000 shares; issued: 2025 and 2024 -2,125,725,742 shares2121
33Capital surplus8,7288,715
34Retained earnings80,90676,863
35Less cost of common stock in treasury: 2025 - 570,328,105 shares; 2024 - 565,929,654 shares(24,283)(24,065)
36Accumulated other comprehensive income (loss)(6,987)(9,764)
37Total U.S. Bancorp shareholders’ equity← Total shareholders' equity attributable to the company65,19358,578
38Noncontrolling interests458462
39Total equity65,65159,040
40Total liabilities and equity692,345678,318

Cash flow statement

table #137 · current period is figure column 1
0Year Ended December 31 (Dollars in Millions)202520242023
1Operating Activities
2Net income attributable to U.S. Bancorp7,5706,2995,429
3Adjustments to reconcile net income to net cash provided by operating activities
4Provision for credit losses2,1862,2382,275
5Depreciation and amortization of premises and equipment377370382
6Amortization of intangibles498569636
7(Gain) loss on sale of loans held for sale(257)(184)7
8(Gain) loss on sale of securities and other assets1123119
9Loans originated for sale, net of repayments(22,116)(24,225)(26,936)
10Proceeds from sales of loans held for sale22,01924,00826,686
11Other, net(2,308)2,152(205)
12Net cash provided by operating activities← Net cash from operating activities7,97011,3508,393
13Investing Activities
14Proceeds from sales of available-for-sale investment securities7,11813,12511,209
15Proceeds from maturities of held-to-maturity investment securities6,9406,1616,164
16Proceeds from maturities of available-for-sale investment securities6,9816,0066,314
17Purchases of held-to-maturity investment securities(3,956)(246)(932)
18Purchases of available-for-sale investment securities(15,858)(35,886)(8,342)
19Net (increase) decrease in loans outstanding(18,043)(7,278)3,829
20Proceeds from sales of loans6,7976455,707
21Purchases of loans(1,532)(1,264)(1,106)
22Net increase in securities purchased under agreements to resell(5,988)(3,859)(2,404)
23Net cash paid for acquisitions(36)(103)(330)
24Other, net(2,961)(1,835)(1,184)
25Net cash (used in) provided by investing activities← Net cash from investing activities(20,538)(24,534)18,925
26Financing Activities
27Net increase (decrease) in deposits3,3306,251(12,567)
28Net increase (decrease) in short-term borrowings1,644239(16,508)
29Proceeds from issuance of long-term debt10,36012,01715,583
30Principal payments or redemption of long-term debt(9,052)(6,042)(4,084)
31Proceeds from issuance of common stock4532951
32Repurchase of common stock(489)(173)(62)
33Cash dividends paid on preferred stock(334)(356)(341)
34Cash dividends paid on common stock(3,168)(3,092)(2,970)
35Other, net(86)(55)-
36Net cash provided by (used in) financing activities← Net cash from financing activities2,2508,821(19,998)
37Effect of exchange rate changes on cash and due from banks706(327)330
38Change in cash and due from banks(9,612)(4,690)7,650
39Cash and due from banks at beginning of period56,50261,19253,542
40Cash and due from banks at end of period46,89056,50261,192
41Supplemental Cash Flow Disclosures
42Cash paid for income taxes544499645
43Cash paid for interest14,38815,38212,282
44Net noncash transfers to foreclosed property272426
45Acquisitions
46Assets acquired (sold)43106(83)
47Liabilities (assumed) sold(7)(3)413
48Net36103330