U.S. Bancorp

NYSE : USB

$58.73+0.38%

Financials

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	Dec 31, 201712 months	Dec 31, 201812 months	Dec 31, 201912 months	Dec 31, 202012 months	Dec 31, 202112 months	Dec 31, 202212 months	Dec 31, 202312 months	Dec 31, 202412 months	Dec 31, 202512 months

Income statement, full reported history for 0000036104. 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.