U.S. Bancorp
NYSE : USBFinancials
Income statement · full history
USD in millions · per-share amounts unscaled. Each period shows the value from the latest filing that prints it.
| Reported line item | Jan 1, 2017 to Dec 31, 2017 | Jan 1, 2018 to Dec 31, 2018 | Jan 1, 2019 to Dec 31, 2019 | Jan 1, 2020 to Dec 31, 2020 | Jan 1, 2021 to Dec 31, 2021 | Jan 1, 2022 to Dec 31, 2022 | Jan 1, 2023 to Dec 31, 2023 | Jan 1, 2024 to Dec 31, 2024 | Jan 1, 2025 to Dec 31, 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Loans | 11,788 | 13,120 | 14,099 | 12,018 | 10,747 | 13,603 | 22,324 | 23,009 | 22,368 |
| Loans held for sale | 144 | 165 | 162 | 216 | 232 | 201 | 147 | 173 | 165 |
| Investment securities | 2,232 | 2,616 | 2,893 | 2,428 | 2,365 | 3,378 | 4,485 | 5,111 | 5,398 |
| Other interest income | 182 | 272 | 340 | 178 | 143 | 763 | 3,051 | 3,373 | 3,039 |
| Total interest income | 14,346 | 16,173 | 17,494 | 14,840 | 13,487 | 17,945 | 30,007 | 31,666 | 30,970 |
| Deposits | 1,041 | 1,869 | 2,855 | 950 | 320 | 1,872 | 8,775 | 11,688 | 10,151 |
| Short-term borrowings | 141 | 378 | 360 | 141 | 70 | 565 | 1,971 | 1,107 | 1,373 |
| Long-term debt | 784 | 1,007 | 1,227 | 924 | 603 | 780 | 1,865 | 2,582 | 2,797 |
| Total interest expense | 1,966 | 3,254 | 4,442 | 2,015 | 993 | 3,217 | 12,611 | 15,377 | 14,321 |
| Net interest income | 12,380 | 12,919 | 13,052 | 12,825 | 12,494 | 14,728 | 17,396 | 16,289 | 16,649 |
| Provision for credit losses | 1,390 | 1,379 | 1,504 | 3,806 | (1,173) | 1,977 | 2,275 | 2,238 | 2,186 |
| Net interest income after provision for credit losses | 10,990 | 11,540 | 11,548 | 9,019 | 13,667 | 12,751 | 15,121 | 14,051 | 14,463 |
| Card revenue | 1,289 | 1,401 | 1,413 | 1,338 | 1,507 | 1,512 | 1,630 | 1,679 | 1,735 |
| Corporate payment products revenue | 575 | 644 | 664 | 497 | 575 | 698 | 759 | 773 | 765 |
| Merchant processing services | 1,486 | 1,531 | 1,601 | 1,261 | 1,449 | 1,579 | 1,659 | 1,714 | 1,792 |
| Trust and investment management fees | 1,522 | 1,619 | 1,673 | 1,736 | 1,832 | 2,209 | 2,459 | 2,660 | 2,869 |
| Service charges | 1,245 | 1,338 | 1,298 | 1,306 | 1,253 | 1,302 | |||
| Deposit service chargesno longer reported | 1,035 | 1,070 | 909 | 677 | 724 | ||||
| Capital markets revenue | 954 | 895 | 934 | 1,143 | 1,102 | 1,105 | 1,372 | 1,523 | 1,633 |
| Treasury management feesno longer reported | 618 | 594 | 578 | 568 | 614 | ||||
| Mortgage banking revenue | 834 | 720 | 874 | 2,064 | 1,361 | 527 | 540 | 627 | 645 |
| Investment products fees | 173 | 188 | 186 | 192 | 239 | 235 | 279 | 330 | 375 |
| Securities gains (losses), net | 57 | 30 | 73 | 177 | 103 | 20 | (145) | (154) | (61) |
| Other | 774 | 910 | 926 | 748 | 721 | 273 | 758 | 641 | 836 |
| Total noninterest income | 9,317 | 9,602 | 9,831 | 10,401 | 10,227 | 9,456 | 10,617 | 11,046 | 11,891 |
| Compensation and employee benefits | 7,938 | 8,728 | 9,157 | 10,416 | 10,554 | 10,327 | |||
| Compensationno longer reported | 5,746 | 6,162 | 6,325 | 6,635 | 7,299 | ||||
| Net occupancy and equipment | 1,019 | 1,063 | 1,123 | 1,092 | 1,048 | 1,096 | 1,266 | 1,246 | 1,227 |
| Employee benefitsno longer reported | 1,134 | 1,231 | 1,286 | 1,303 | 1,429 | ||||
| Professional services | 419 | 407 | 454 | 430 | 492 | 529 | 560 | 491 | 468 |
| Marketing and business development | 542 | 429 | 426 | 318 | 366 | 456 | 726 | 619 | 705 |
| Technology and communications | 903 | 978 | 1,095 | 1,582R | 1,728R | 1,726 | 2,049 | 2,074 | 2,211 |
| Other intangibles | 175 | 161 | 168 | 176 | 159 | 215 | 636 | 569 | 498 |
| Postage, printing and suppliesno longer reported | 323 | 324 | 290 | 288 | 274 | ||||
| Merger and integration charges | 0 | 0 | 329 | 1,009 | 155 | 0 | |||
| Other | 2,529 | 1,709 | 1,618 | 1,833 | 1,207 | 1,398 | 2,211 | 1,480 | 1,401 |
| Total noninterest expense | 12,790 | 12,464 | 12,785 | 13,369 | 13,728 | 14,906 | 18,873 | 17,188 | 16,837 |
| Income before income taxes | 7,517 | 8,678 | 8,594 | 6,051 | 10,166 | 7,301 | 6,865 | 7,909 | 9,517 |
| Applicable income taxes | 1,264 | 1,554 | 1,648 | 1,066 | 2,181 | 1,463 | 1,407 | 1,580 | 1,921 |
| Net income (loss) | 6,253 | 7,124 | 6,946 | 4,985 | 7,985 | 5,838 | 5,458 | 6,329 | 7,596 |
| Net (income) loss attributable to noncontrolling interests | (35) | (28) | (32) | (26) | (22) | (13) | (29) | (30) | (26) |
| Net income (loss) attributable to U.S. Bancorp | 6,218 | 7,096 | 6,914 | 4,959 | 7,963 | 5,825 | 5,429 | 6,299 | 7,570 |
| Net income applicable to U.S. Bancorp common shareholders | 5,913 | 6,784 | 6,583 | 4,621 | 7,605 | 5,501 | 5,051 | 5,909 | 7,194 |
| Net income applicable to U.S. Bancorp common shareholders, diluted | 7,605 | 5,501 | 5,051 | 5,909 | 7,194 | ||||
| Earnings per common share (in dollars per share) | 3.53 | 4.15 | 4.16 | 3.06 | 5.11 | 3.69 | 3.27 | 3.79 | 4.62 |
| Diluted earnings per common share (in dollars per share) | 3.51 | 4.14 | 4.16 | 3.06 | 5.10 | 3.69 | 3.27 | 3.79 | 4.62 |
| Average common shares outstanding (in shares) | 1,677 | 1,634 | 1,581 | 1,509 | 1,489 | 1,489 | 1,543 | 1,560 | 1,557 |
| Average diluted common shares outstanding (in shares) | 1,683 | 1,638 | 1,583 | 1,510 | 1,490 | 1,490 | 1,543 | 1,561 | 1,558 |
History starts FY2017, the period ended Dec 31, 2017 — the earliest period our structured-data source covers, not the company’s first year.
48 reported lines · 9 periods · values taken from the latest filing that prints each period.
- R2 restated by the filer — hover for the figure as first reported.
- italic10 from an earlier filing than the rest of the column.
- no longer reported5 lines the filer stopped printing.
- — the filer printed the line and left the period empty. An empty cell means the line was not printed at all; it is never a zero.
215 of 399 values link to the exact element in the filer’s own document.
Every line and every caption is the company’s own. Each period carries the value from the latest filing that prints it, which is why a restated period shows the restated number with the figure as first reported kept underneath.
Nothing on this table is computed by us: no fourth quarter, no growth rate, no margin. Marks describe the filer’s own restatements.