U.S. Bancorp (USB)

NYSE: USB · National Commercial Banks · Minneapolis, MN · filing with the SEC since 1994

Grade5.4

◀ Past 5.5● Present 5.3▶ Future 5.6

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Income statement, as filed

In millions of US dollars (USD), as filed; per-share figures in US dollars; share counts in millions. The fiscal year ends in December.

Income statement, by fiscal year, newest first
Fiscal year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Report filed	Feb 23, 2026	Feb 21, 2025	Feb 20, 2024	Feb 27, 2023	Feb 22, 2022	Feb 23, 2021	Feb 20, 2020	Feb 22, 2019	Feb 22, 2018	Feb 23, 2017
Revenue	28,656	27,455	28,144	24,302	·	·	·	22,637	21,902^r	21,308
For lenders
Interest and dividend income	30,970	31,666	30,007	17,945	13,487	14,840	17,494	16,173	14,346^r	13,134^r
Interest expense on deposits and borrowings	14,321	15,377	12,611	3,217	·	·	·	·	·	·
Net interest income	16,649	16,289	17,396	14,728	12,494	12,825	13,052	12,919	12,380^r	11,666^r
Provision for credit losses	2,186	2,238	2,275	1,977	-1,173	3,806	1,504	1,379	1,390	1,324
Net interest income after provision	14,463	14,051	15,121	12,751	13,667	9,019	11,548	11,540	10,990^r	10,342^r
Noninterest income	11,891	11,046	10,617	9,456	10,227	10,401	9,831	9,602	9,317^r	9,290^r
Noninterest expense	16,837	17,188	18,873	14,906	13,728	13,369	12,785	12,464	12,790^r	11,527^r
Interest expense	·	·	12,611	3,217	993	2,015	4,442	3,254	1,966^r	1,468^r
Income before income taxes	9,517	7,909	6,865	7,301	10,166	6,051	8,594	8,678	7,517	8,105
Income tax expense	1,921	1,580	1,407	1,463	2,181	1,066	1,648	1,554	1,264	2,161
Net income including non-controlling interests	7,596	6,329	5,458	5,838	7,985	4,985	6,946	7,124	6,253	5,944
Net income to non-controlling interests	26	30	29	13	22	26	32	28	35	56
Net income	7,570	6,299	5,429	5,825	7,963	4,959	6,914	7,096	6,218	5,888
Net income to common shareholders	7,194	5,909	5,051	5,501	7,605	4,621	6,583	6,784	5,913	5,589
Earnings per share, basic	4.62	3.79	3.27	3.69	5.11	3.06	4.16	4.15	3.53	3.25
Earnings per share, diluted	4.62	3.79	3.27	3.69	5.10	3.06	4.16	4.14	3.51	3.24
Weighted average shares, basic	1,557	1,560	1,543	1,489	1,489	1,509	1,581	1,634	1,677	1,718
Weighted average shares, diluted	1,558	1,561	1,543	1,490	1,490	1,510	1,583	1,638	1,683	1,724

As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. ^r restated by the company in a later report; ^b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.

What each line is, and the XBRL concept behind it

Revenue what customers paid for what it soldus-gaap:Revenues

Interest and dividend income what its loans and securities earnedus-gaap:InterestAndDividendIncomeOperating

Interest expense on deposits and borrowings what it paid for the money it lendsus-gaap:InterestExpenseOperating

Net interest income interest earned less interest paidus-gaap:InterestIncomeExpenseNet

Provision for credit losses set aside for loans that may not be repaidus-gaap:ProvisionForLoanLeaseAndOtherLosses

Net interest income after provision interest income left after the provisionus-gaap:InterestIncomeExpenseAfterProvisionForLoanLoss

Noninterest income fees and other income that is not interestus-gaap:NoninterestIncome

Noninterest expense salaries, buildings and the other costs of running the bankus-gaap:NoninterestExpense

Interest expense what its borrowing costus-gaap:InterestExpense

Income before income taxes profit before taxus-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest

Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit

Net income including non-controlling interests the whole group's profit, minority holders' share includedus-gaap:ProfitLoss

Net income to non-controlling interests the share that belongs to minority holdersus-gaap:NetIncomeLossAttributableToNoncontrollingInterest

Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss

Net income to common shareholders what is left for common shareholdersus-gaap:NetIncomeLossAvailableToCommonStockholdersBasic

Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic

Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted

Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic

Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

SI Assistanton USB · research, not advice