US BANCORP DE (USB) financial statements: income statement, balance sheet and cash flow
US BANCORP DE's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), US BANCORP DE reported net income of $7.6B (+20.0% year on year).
Income statement
US BANCORP DE income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Loans
$22.4B
$23.0B
$22.3B
$13.6B
Loans held for sale
$165.0M
$173.0M
$147.0M
$201.0M
Investment securities
$5.4B
$5.1B
$4.5B
$3.4B
Other interest income
$3.0B
$3.4B
$3.1B
$763.0M
Total interest income
$31.0B
$31.7B
$30.0B
$17.9B
Deposits
$10.2B
$11.7B
$8.8B
$1.9B
Short-term borrowings
$1.4B
$1.1B
$2.0B
$565.0M
Long-term debt
$2.8B
$2.6B
$1.9B
$780.0M
Total interest expense
$14.3B
$15.4B
$12.6B
$3.2B
Net interest income
$16.6B
$16.3B
$17.4B
$14.7B
Provision for credit losses
$2.2B
$2.2B
$2.3B
$2.0B
Net interest income after provision for credit losses
$14.5B
$14.1B
$15.1B
$12.8B
Card revenue
$1.7B
$1.7B
$1.6B
$1.5B
Corporate payment products revenue
$765.0M
$773.0M
$759.0M
$698.0M
Merchant processing services
$1.8B
$1.7B
$1.7B
$1.6B
Trust and investment management fees
$2.9B
$2.7B
$2.5B
$2.2B
Service charges
$1.3B
$1.3B
$1.3B
$1.3B
Capital markets revenue
$1.6B
—
—
—
Mortgage banking revenue
$645.0M
$627.0M
$540.0M
$527.0M
Investment products fees
$375.0M
$330.0M
$279.0M
$235.0M
Securities gains (losses), net
($61.0M)
($154.0M)
($145.0M)
$20.0M
Other
$836.0M
$641.0M
$758.0M
$273.0M
Total noninterest income
$11.9B
$11.0B
$10.6B
$9.5B
Compensation and employee benefits
$10.3B
$10.6B
$10.4B
$9.2B
Net occupancy and equipment
$1.2B
$1.2B
$1.3B
$1.1B
Professional services
$468.0M
$491.0M
$560.0M
$529.0M
Marketing and business development
$705.0M
$619.0M
$726.0M
$456.0M
Technology and communications
$2.2B
$2.1B
$2.0B
$1.7B
Other intangibles
$498.0M
$569.0M
$636.0M
$215.0M
Merger and integration charges
$0
$155.0M
$1.0B
$329.0M
Other
$1.4B
$1.5B
$2.2B
$1.4B
Total noninterest expense
$16.8B
$17.2B
$18.9B
$14.9B
Income before income taxes
$9.5B
$7.9B
$6.9B
$7.3B
Applicable income taxes
$1.9B
$1.6B
$1.4B
$1.5B
Net income (loss)
$7.6B
$6.3B
$5.5B
$5.8B
Net (income) loss attributable to noncontrolling interests
($26.0M)
($30.0M)
($29.0M)
($13.0M)
Net income (loss) attributable to U.S. Bancorp
$7.6B
$6.3B
$5.4B
$5.8B
Net income applicable to U.S. Bancorp common shareholders
$7.2B
$5.9B
$5.1B
$5.5B
Net income applicable to U.S. Bancorp common shareholders, diluted
$7.2B
$5.9B
$5.1B
—
Earnings per common share (in dollars per share)
$4.62
$3.79
$3.27
$3.69
Diluted earnings per common share (in dollars per share)
$4.62
$3.79
$3.27
$3.69
Average common shares outstanding (in shares)
1.6B
1.6B
1.5B
1.5B
Average diluted common shares outstanding (in shares)
1.6B
1.6B
1.5B
1.5B
US BANCORP DE income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Loans
$5.7B
$5.5B
$5.7B
$5.5B
Loans held for sale
$43.0M
$35.0M
$35.0M
$59.0M
Investment securities
$1.3B
$1.3B
$1.4B
$1.4B
Other interest income
$483.0M
$974.0M
$812.0M
$642.0M
Total interest income
$7.6B
$7.8B
$7.9B
$7.6B
Deposits
$2.3B
$2.3B
$2.6B
$2.5B
Short-term borrowings
$249.0M
$645.0M
$328.0M
$291.0M
Long-term debt
$658.0M
$646.0M
$729.0M
$721.0M
Total interest expense
$3.2B
$3.6B
$3.7B
$3.6B
Net interest income
$4.4B
$4.3B
$4.2B
$4.1B
Provision for credit losses
$538.0M
$576.0M
$571.0M
$501.0M
Net interest income after provision for credit losses
$3.8B
$3.7B
$3.7B
$3.5B
Card revenue
$435.0M
$391.0M
$440.0M
$442.0M
Corporate payment and treasury management revenue
$440.0M
$408.0M
—
—
Merchant processing services
$485.0M
$436.0M
$463.0M
$474.0M
Trust and investment management fees
$785.0M
$745.0M
$730.0M
$703.0M
Lending and deposit-related fees
$308.0M
$294.0M
—
—
Capital markets revenue
$512.0M
$377.0M
$434.0M
$390.0M
Mortgage banking revenue
$169.0M
$161.0M
$180.0M
$162.0M
Investment products fees
$102.0M
$97.0M
$97.0M
$90.0M
Securities gains (losses), net
($49.0M)
($35.0M)
($7.0M)
($57.0M)
Other
$138.0M
$123.0M
$213.0M
$192.0M
Total noninterest income
$3.3B
$3.0B
$3.1B
$2.9B
Compensation and employee benefits
$2.7B
$2.6B
$2.6B
$2.6B
Net occupancy and equipment
$303.0M
$304.0M
$300.0M
$301.0M
Professional services
$112.0M
$92.0M
$117.0M
$109.0M
Marketing and business development
$216.0M
$217.0M
$175.0M
$161.0M
Technology and communications
$601.0M
$573.0M
$560.0M
$534.0M
Other intangibles
$114.0M
$110.0M
$125.0M
$124.0M
Other
$397.0M
$341.0M
$359.0M
$352.0M
Total noninterest expense
$4.4B
$4.3B
$4.2B
$4.2B
Income before income taxes
$2.7B
$2.4B
$2.5B
$2.3B
Applicable income taxes
$537.0M
$469.0M
$524.0M
$472.0M
Net income
$2.2B
$1.9B
$2.0B
$1.8B
Net (income) loss attributable to noncontrolling interests
($6.0M)
($5.0M)
($7.0M)
($6.0M)
Net income attributable to U.S. Bancorp
$2.2B
$1.9B
$2.0B
$1.8B
Net income applicable to U.S. Bancorp common shareholders, basic
$2.1B
$1.8B
$1.9B
$1.7B
Net income applicable to U.S. Bancorp common shareholders, diluted
$2.1B
$1.8B
$1.9B
$1.7B
Earnings per common share (in dollars per share)
$1.35
$1.18
$1.22
$1.11
Diluted earnings per common share (in dollars per share)
$1.35
$1.18
$1.22
$1.11
Average common shares outstanding (in shares)
1.6B
1.6B
1.6B
1.6B
Average diluted common shares outstanding (in shares)
1.6B
1.6B
1.6B
1.6B
Balance sheet
US BANCORP DE balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and due from banks
$46.9B
$56.5B
$61.2B
$53.5B
Held-to-maturity (fair value $67,079 and $66,275, respectively)
$76.2B
$78.6B
$84.0B
—
Available-for-sale ($294 and $320 pledged as collateral, respectively)
$90.8B
$86.0B
$69.7B
—
Loans held for sale (including $2,353 and $2,251 of mortgage loans carried at fair value, respectively)
$2.5B
$2.6B
$2.2B
$2.2B
Total loans
$391.3B
$379.8B
$373.8B
$388.2B
Less allowance for loan losses
($7.6B)
($7.6B)
($7.4B)
($6.9B)
Net loans
$383.7B
$372.2B
$366.5B
$381.3B
Premises and equipment
$3.8B
$3.6B
$3.6B
$3.9B
Goodwill
$12.6B
$12.5B
$12.5B
$12.4B
Other intangible assets
$4.9B
$5.5B
$6.1B
$7.2B
Other assets (including $2,585 and $7,501 of trading securities at fair value pledged as collateral, respectively)
$70.9B
$60.7B
$57.7B
$52.8B
Total assets
$692.3B
$678.3B
$663.5B
$674.8B
Noninterest-bearing
$84.1B
$84.2B
$90.0B
$137.7B
Interest-bearing (including $718 and $5,754 of time deposits carried at fair value, respectively)
$438.1B
$434.2B
$422.3B
$387.2B
Total deposits
$522.2B
$518.3B
$512.3B
$525.0B
Short-term borrowings
$17.2B
$15.5B
$15.3B
$31.2B
Long-term debt (including $1,414 and $391 of long-term debt carried at fair value, respectively)
$60.8B
$58.0B
$51.5B
—
Other liabilities
$26.6B
$27.4B
$28.6B
$27.6B
Total liabilities
$626.7B
$619.3B
$607.7B
$623.6B
Preferred stock
$6.8B
$6.8B
$6.8B
$6.8B
Common stock, $.01 par value per share, authorized: 4,000,000,000 shares; issued: 2025 and 2024 —2,125,725,742 shares
$21000000.00
$21000000.00
$21000000.00
$21000000.00
Capital surplus
$8.7B
$8.7B
$8.7B
$8.7B
Retained earnings
$80.9B
$76.9B
$74.0B
$71.9B
Less cost of common stock in treasury: 2025 — 570,328,105 shares; 2024 — 565,929,654 shares
-24.3B
-24.1B
-24.1B
-25.3B
Accumulated other comprehensive income (loss)
($7.0B)
($9.8B)
($10.1B)
($11.4B)
Total U.S. Bancorp shareholders’ equity
$65.2B
$58.6B
$55.3B
$50.8B
Noncontrolling interests
$458.0M
$462.0M
$465.0M
$466.0M
Total equity
$65.7B
$59.0B
$55.8B
$51.2B
Total liabilities and equity
$692.3B
$678.3B
$663.5B
$674.8B
US BANCORP DE balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and due from banks
$66.5B
$48.4B
$66.6B
$57.8B
Held-to-maturity (fair value $64,622 and $67,079, respectively)
$74.1B
$75.4B
$76.9B
$77.9B
Available-for-sale ($265 and $294 pledged as collateral, respectively)
$89.1B
$93.5B
$89.1B
$90.6B
Loans held for sale (including $2,645 and $2,353 of mortgage loans carried at fair value, respectively)
$3.0B
$2.9B
$2.5B
$2.3B
Total loans
$410.3B
$399.8B
$382.5B
$380.2B
Less allowance for loan losses
($7.6B)
($7.6B)
($7.6B)
($7.5B)
Net loans
$402.7B
$392.1B
$375.0B
$372.7B
Premises and equipment
$3.8B
$3.8B
$3.7B
$3.6B
Goodwill
$13.2B
$12.6B
$12.6B
$12.6B
Other intangible assets
$5.0B
$4.8B
$5.2B
$5.3B
Other assets (including $2,714 and $2,585 of trading securities at fair value pledged as collateral, respectively)
$68.5B
$67.4B
$63.8B
$63.6B
Total assets
$725.9B
$701.0B
$695.4B
$686.4B
Noninterest-bearing
$85.8B
$85.3B
$91.5B
$87.0B
Interest-bearing (including $13 and $718 of time deposits carried at fair value, respectively)
$446.3B
$442.9B
$434.6B
$431.7B
Total deposits
$532.1B
$528.2B
$526.1B
$518.7B
Short-term borrowings
$37.3B
$17.9B
$15.4B
$15.0B
Long-term debt (including $1,904 and $1,414 of long-term debt carried at fair value, respectively)
$58.7B
$61.4B
$62.5B
$64.0B
Other liabilities
$29.9B
$27.4B
$27.4B
$26.7B
Total liabilities
$658.0B
$634.8B
$631.6B
$624.5B
Preferred stock
$6.8B
$6.8B
$6.8B
$6.8B
Common stock, $.01 par value per share, authorized: 4,000,000,000 shares; issued: 6/30/26 and 12/31/25—2,125,725,742 shares
$21000000.00
$21000000.00
$21000000.00
$21000000.00
Capital surplus
$8.8B
$8.6B
$8.7B
$8.7B
Retained earnings
$83.2B
$81.9B
$79.7B
$78.7B
Less cost of common stock in treasury: 6/30/26—567,916,191 shares; 12/31/25—570,328,105 shares
-24.3B
-24.4B
-24.2B
-24.1B
Accumulated other comprehensive income (loss)
($7.1B)
($7.2B)
($7.7B)
($8.6B)
Total U.S. Bancorp shareholders’ equity
$67.4B
$65.8B
$63.3B
$61.4B
Noncontrolling interests
$463.0M
$461.0M
$458.0M
$458.0M
Total equity
$67.9B
$66.2B
$63.8B
$61.9B
Total liabilities and equity
$725.9B
$701.0B
$695.4B
$686.4B
Cash flow statement
US BANCORP DE cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net income attributable to U.S. Bancorp
$7.6B
$6.3B
$5.4B
$5.8B
Provision for credit losses
$2.2B
$2.2B
$2.3B
$2.0B
Depreciation and amortization of premises and equipment
$377.0M
$370.0M
$382.0M
$345.0M
Amortization of intangibles
$498.0M
$569.0M
$636.0M
$215.0M
(Gain) loss on sale of loans held for sale
($257.0M)
($184.0M)
$7.0M
$387.0M
(Gain) loss on sale of securities and other assets
$1.0M
$123.0M
$119.0M
($188.0M)
Loans originated for sale, net of repayments
($22.1B)
($24.2B)
($26.9B)
($33.1B)
Proceeds from sales of loans held for sale
$22.0B
$24.0B
$26.7B
$38.9B
Other, net
($2.3B)
$2.1B
($151.0M)
$6.8B
Net cash provided by operating activities
$8.0B
$11.3B
$8.4B
$21.1B
Proceeds from sales of available-for-sale investment securities
$7.1B
$13.1B
$11.2B
$36.4B
Proceeds from maturities of held-to-maturity investment securities
$6.9B
$6.2B
$6.2B
$5.8B
Proceeds from maturities of available-for-sale investment securities
$7.0B
$6.0B
$6.3B
$14.9B
Purchases of held-to-maturity investment securities
($4.0B)
($246.0M)
($932.0M)
($7.1B)
Purchases of available-for-sale investment securities
($15.9B)
($35.9B)
($8.3B)
($24.6B)
Net (increase) decrease in loans outstanding
($18.0B)
($7.3B)
$3.8B
($27.3B)
Proceeds from sales of loans
$6.8B
$645.0M
$5.7B
$4.4B
Purchases of loans
($1.5B)
($1.3B)
($1.1B)
($2.1B)
Net increase in securities purchased under agreements to resell
($6.0B)
($3.9B)
($2.4B)
$252.0M
Net cash paid for acquisitions
($36.0M)
($103.0M)
($330.0M)
$12.3B
Other, net
($3.0B)
($1.8B)
($1.2B)
($5.4B)
Net cash (used in) provided by investing activities
($20.5B)
($24.5B)
$18.9B
$7.5B
Net increase (decrease) in deposits
$3.3B
$6.0B
($12.3B)
($17.2B)
Net increase (decrease) in short-term borrowings
$1.6B
$239.0M
($16.5B)
$15.2B
Proceeds from issuance of long-term debt
$10.4B
$12.0B
$15.6B
$8.7B
Principal payments or redemption of long-term debt
($9.1B)
($6.0B)
($4.1B)
($6.9B)
Proceeds from issuance of common stock
$45.0M
$32.0M
$951.0M
$21.0M
Repurchase of common stock
($489.0M)
($173.0M)
($62.0M)
($69.0M)
Cash dividends paid on preferred stock
($334.0M)
($356.0M)
($341.0M)
($299.0M)
Cash dividends paid on common stock
($3.2B)
($3.1B)
($3.0B)
($2.8B)
Other, net
($86.0M)
($55.0M)
—
—
Net cash provided by (used in) financing activities
$2.3B
$8.6B
($19.7B)
($4.0B)
Effect of exchange rate changes on cash and due from banks
$706.0M
—
—
—
Change in cash and due from banks
($9.6B)
($4.7B)
$7.7B
$24.6B
Cash and due from banks at beginning of period
$56.5B
$61.2B
$53.5B
$28.9B
Cash and due from banks at end of period
$46.9B
$56.5B
$61.2B
$53.5B
Cash paid for income taxes
$544.0M
$499.0M
$645.0M
$767.0M
Cash paid for interest
$14.4B
$15.4B
$12.3B
$2.7B
Net noncash transfers to foreclosed property
$27.0M
$24.0M
$26.0M
$23.0M
Assets acquired (sold)
$43.0M
$106.0M
($83.0M)
$106.2B
Liabilities (assumed) sold
($7.0M)
($3.0M)
—
—
Net
$36.0M
$103.0M
$330.0M
$10.5B
US BANCORP DE cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net income attributable to U.S. Bancorp
$4.1B
$1.9B
$5.5B
$3.5B
Provision for credit losses
$1.1B
$576.0M
$1.6B
$1.0B
Depreciation and amortization of premises and equipment
$189.0M
$94.0M
$276.0M
$185.0M
Amortization of intangibles
$224.0M
$110.0M
$372.0M
$247.0M
(Gain) loss on sales of loans held for sale
($74.0M)
($49.0M)
($186.0M)
($108.0M)
(Gain) loss on sales of securities and other assets
$70.0M
$27.0M
$14.0M
$15.0M
Loans originated for sale, net of repayments
($11.3B)
($5.3B)
($15.5B)
($9.8B)
Proceeds from sales of loans held for sale
$10.7B
$4.9B
$15.5B
$9.8B
Other, net
$1.1B
($950.0M)
($2.5B)
($3.1B)
Net cash provided by operating activities
$6.2B
$1.3B
$5.1B
$1.7B
Proceeds from sales of available-for-sale investment securities
$8.1B
$3.1B
$5.6B
$3.5B
Proceeds from maturities of held-to-maturity investment securities
$3.4B
$1.6B
$5.3B
$3.7B
Proceeds from maturities of available-for-sale investment securities
$5.5B
$2.5B
$4.4B
$2.9B
Purchases of held-to-maturity investment securities
($1.1B)
($763.0M)
($3.2B)
($2.6B)
Purchases of available-for-sale investment securities
($12.2B)
($7.8B)
($10.7B)
($9.5B)
Net increase in loans outstanding
($19.3B)
($8.3B)
($9.7B)
($7.2B)
Proceeds from sales of loans
$432.0M
$144.0M
$6.6B
$6.5B
Purchases of loans
($856.0M)
($283.0M)
($1.2B)
($696.0M)
Net decrease in securities purchased under agreements to resell
$6.7B
$5.4B
$1.0B
$922.0M
Net cash paid for acquisitions
($246.0M)
—
($35.0M)
—
Other, net
($2.1B)
($959.0M)
($2.0B)
($1.4B)
Net cash used in investing activities
($11.7B)
($5.4B)
($3.7B)
($3.9B)
Net increase (decrease) in deposits
$10.0B
$6.1B
$7.8B
$409.0M
Net increase (decrease) in short-term borrowings
$19.9B
$697.0M
($69.0M)
($479.0M)
Proceeds from issuance of long-term debt
$7.4B
$3.3B
$10.3B
$9.3B
Principal payments or redemption of long-term debt
($9.7B)
($3.2B)
($6.4B)
($3.8B)
Proceeds from issuance of common stock
$19.0M
$16.0M
$32.0M
$22.0M
Repurchase of common stock
($477.0M)
($276.0M)
($367.0M)
($266.0M)
Cash dividends paid on preferred stock
($160.0M)
($68.0M)
($237.0M)
($168.0M)
Cash dividends paid on common stock
($1.6B)
($816.0M)
($2.4B)
($1.6B)
Other, net
($25.0M)
($14.0M)
($68.0M)
($47.0M)
Net cash provided by financing activities
$25.4B
$5.7B
$8.7B
$3.5B
Effect of exchange rate changes on cash and due from banks