← Filings of USB
Tables in the 10-Q of US BANCORP \DE\
79 tables with numbers, filed Nov 5, 2026. Each one downloads as a CSV for Excel or
Google Sheets, with the filing's address in the last row. Only the layout is tidied (a "$" or ")" in a cell of its own is joined to its number); no value is changed.
Open the filing on sec.gov ↗
Table 1 after “Securities registered pursuant to Section 12(b) of the Act:”
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| Title of each class | Trading symbols | Name of each exchange on which registered |
| Common Stock, $.01 par value per share | USB | New York Stock Exchange |
| Depositary Shares (each representing 1/100th interest in a share of Series A Non-Cumulative Perpetual Preferred Stock, par value $1.00) | USB PrA | New York Stock Exchange |
| Depositary Shares (each representing 1/1,000th interest in a share of Series B Non-Cumulative Perpetual Preferred Stock, par value $1.00) | USB PrH | New York Stock Exchange |
| Depositary Shares (each representing 1/1,000th interest in a share of Series K Non-Cumulative Perpetual Preferred Stock, par value $1.00) | USB PrP | New York Stock Exchange |
| Depositary Shares (each representing 1/1,000th interest in a share of Series L Non-Cumulative Perpetual Preferred Stock, par value $1.00) | USB PrQ | New York Stock Exchange |
| Depositary Shares (each representing 1/1,000th interest in a share of Series M Non-Cumulative Perpetual Preferred Stock, par value $1.00) | USB PrR | New York Stock Exchange |
| Depositary Shares (each representing 1/1,000th interest in a share of Series O Non-Cumulative Perpetual Preferred Stock, par value $1.00) | USB PrS | New York Stock Exchange |
First 8 of 10 rows. The CSV has all of them.
Table 2 after “Table of Contents and Form 10-Q Cross Reference Index”
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| Part I — Financial Information | |
| 1) Management’s Discussion and Analysis of Financial Condition and Results of Operations (Item 2) | 4 |
| a) Overview | 4 |
| b) Statement of Income Analysis | 5 |
| c) Balance Sheet Analysis | 6 |
| d) Non-GAAP Financial Measures | 27 |
| e) Critical Accounting Policies | 29 |
| f) Controls and Procedures (Item 4) | 29 |
First 8 of 28 rows. The CSV has all of them.
Table 3 after “Factors other than these risks also could adversely affect U.S. Bancorp’s results, and the reader should not consider these risks to be a co”
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| Three Months Ended September 30 | Nine Months Ended September 30 | | | | | | | | |
| (Dollars and Shares in Millions, Except Per Share Data) | 2026 | 2025 | Percent Change | 2026 | 2025 | Percent Change | | | | |
| Condensed Income Statement | | | | | | | | | | |
| Net interest income | $4,468 | | $4,222 | | 5.8% | | $13,092 | | $12,365 | 5.9% |
| Taxable-equivalent adjustment(a) | 22 | | 29 | | (24.1) | | 76 | | 88 | (13.6) |
| Net interest income (taxable-equivalent basis)(b) | 4,490 | | 4,251 | | 5.6 | | 13,168 | | 12,453 | 5.7 |
| Noninterest income | 3,480 | | 3,078 | | 13.1 | | 9,802 | | 8,838 | 10.9 |
| Total net revenue | 7,970 | | 7,329 | | 8.7 | | 22,970 | | 21,291 | 7.9 |
First 8 of 56 rows. The CSV has all of them.
Table 4 after “Noninterest income was $3.5 billion in the third quarter of 2026 and $9.8 billion in the first nine months of 2026, representing increases o”
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| Three Months Ended September 30 | Nine Months Ended September 30 | | | | | | | | | |
| (Dollars in Millions) | 2026 | 2025 | Percent Change | 2026 | 2025 | Percent Change | | | | | |
| Card revenue | $440 | | $415 | | 6.0% | | $1,266 | | $1,202 | | 5.3% |
| Corporate payment and treasury management revenue | 457 | | 407 | | 12.3 | | 1,305 | | 1,228 | | 6.3 |
| Merchant processing services | 461 | | 463 | | (.4) | | 1,382 | | 1,352 | | 2.2 |
| Trust and investment management fees | 802 | | 730 | | 9.9 | | 2,332 | | 2,113 | | 10.4 |
| Lending and deposit-related fees | 308 | | 290 | | 6.2 | | 910 | | 833 | | 9.2 |
| Capital markets revenue | 640 | | 378 | | 69.3 | | 1,529 | | 985 | | 55.2 |
First 8 of 14 rows. The CSV has all of them.
Table 5 after “Effective January 1, 2026, the Company made changes and reclassifications to certain fee revenue items in order to align financial reporting”
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| Three Months Ended September 30 | Nine Months Ended September 30 | | | | | | | | |
| (Dollars in Millions) | 2026 | 2025 | Percent Change | 2026 | 2025 | Percent Change | | | | |
| Compensation and employee benefits | $2,753 | | $2,561 | | 7.5% | | $8,066 | | $7,798 | 3.4% |
| Net occupancy and equipment | 309 | | 300 | | 3.0 | | 916 | | 907 | 1.0 |
| Professional services | 115 | | 117 | | (1.7) | | 319 | | 324 | (1.5) |
| Marketing and business development | 199 | | 175 | | 13.7 | | 632 | | 518 | 22.0 |
| Technology and communications | 666 | | 560 | | 18.9 | | 1,840 | | 1,627 | 13.1 |
| Other intangibles | 127 | | 125 | | 1.6 | | 351 | | 372 | (5.6) |
First 8 of 11 rows. The CSV has all of them.
Table 6 after “The Company utilizes both short-term and long-term borrowings as part of its asset/liability management and funding strategies. Short-term b”
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| September 30, 2026 | December 31, 2025 | | | | | | | | | |
| (Dollars in Millions) | Amortized Cost | Fair Value | Weighted- Average Maturity in Years | Weighted- Average Yield(e) | Amortized Cost | Fair Value | Weighted- Average Maturity in Years | Weighted- Average Yield(e) | | | |
| Held-to-Maturity | | | | | | | | | | | |
| U.S. Treasury and agencies | $649 | | $644 | | 0.6 | 3.00% | | $648 | $644 | 1.3 | 3.00% |
| Mortgage-backed securities(a) | 72,025 | | 58,486 | | 8.7 | 2.35 | | 75,235 | 66,146 | 8.0 | 2.34 |
| Other | 249 | | 250 | | 1.2 | 2.67 | | 287 | 289 | 1.5 | 2.63 |
| Total held-to-maturity | $72,923 | | $59,380 | | 8.6 | 2.36% | | $76,170 | $67,079 | 7.9 | 2.34% |
| Available-for-Sale | | | | | | | | | | | |
First 8 of 14 rows. The CSV has all of them.
Table 7 after “The following tables provide summary information of residential mortgages and home equity and second mortgages by LTV at September 30, 2026:”
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| Residential Mortgages (Dollars in Millions) | Interest Only | Amortizing | Total | Percent of Total | | |
| Loan-to-Value | | | | | | |
| Less than or equal to 80% | $12,036 | | $91,217 | | $103,253 | 88.4% |
| Over 80% through 90% | 175 | | 4,402 | | 4,577 | 3.9 |
| Over 90% through 100% | 12 | | 823 | | 835 | .7 |
| Over 100% | 3 | | 355 | | 358 | .3 |
| No LTV available | — | | 6 | | 6 | — |
| Loans purchased from GNMA mortgage pools(a) | — | | 7,777 | | 7,777 | 6.7 |
First 8 of 9 rows. The CSV has all of them.
Table 8 after “Represents loans purchased and loans that could be purchased from Government National Mortgage Association (“GNMA”) mortgage pools under del”
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| Home Equity and Second Mortgages (Dollars in Millions) | Lines | Loans | Total | Percent of Total | | |
| Loan-to-Value / Combined Loan-to-Value | | | | | | |
| Less than or equal to 80% | $10,878 | | $2,827 | | $13,705 | 95.5% |
| Over 80% through 90% | 423 | | 103 | | 526 | 3.7 |
| Over 90% through 100% | 56 | | 19 | | 75 | .5 |
| Over 100% | 22 | | 5 | | 27 | .2 |
| No LTV/CLTV available | 13 | | — | | 13 | .1 |
| Total | $11,392 | | $2,954 | | $14,346 | 100.0% |
Table 9 after “The following table provides a summary of the Company’s consumer credit card loan balances disaggregated based upon updated credit score at ”
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| Percent of Total(a) |
| Credit score ≥ 660 | 87% |
| Credit score < 660 | 13 |
| No credit score | — |
Table 10 after “December 31, 2025. Accruing loans 90 days or more past due are not included in nonperforming assets and continue to accrue interest because ”
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| 90 days or more past due | September 30, 2026 | December 31, 2025 | |
| Commercial | | | |
| Commercial | .01% | | .01% |
| Lease financing | — | | — |
| Total commercial | .01 | | .01 |
| Commercial Real Estate | | | |
| Commercial mortgages | — | | — |
| Construction and development | .03 | | .13 |
First 8 of 24 rows. The CSV has all of them.
Table 11 after “The following table provides summary delinquency information for residential mortgages, credit card and other retail loans included in the c”
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| Amount | As a Percent of Ending Loan Balances | | | | |
| (Dollars in Millions) | September 30, 2026 | December 31, 2025 | September 30, 2026 | December 31, 2025 | | |
| Residential Mortgages(a) | | | | | | |
| 30-89 days | $194 | | $214 | | .17% | .18% |
| 90 days or more | 222 | | 285 | | .19 | .25 |
| Nonperforming | 176 | | 151 | | .15 | .13 |
| Total | $592 | | $650 | | .51% | .56% |
| Credit Card | | | | | | |
First 8 of 28 rows. The CSV has all of them.
Table 12 after “The Company also makes short-term modifications, in limited circumstances, to assist borrowers experiencing temporary hardships. Short-term ”
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| (Dollars in Millions) | September 30, 2026 | December 31, 2025 | |
| Commercial | | | |
| Commercial | $407 | | $695 |
| Lease financing | 25 | | 22 |
| Total commercial | 432 | | 717 |
| Commercial Real Estate | | | |
| Commercial mortgages | 490 | | 504 |
| Construction and development | 28 | | 14 |
First 8 of 24 rows. The CSV has all of them.
Table 13 after “Changes in Nonperforming Assets”
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| (Dollars in Millions) | Commercial and Commercial Real Estate | Residential Mortgages, Credit Card and Other Retail | Total | |
| Balance December 31, 2025 | $1,235 | | $355 | $1,590 |
| Additions to nonperforming assets | | | | |
| New nonaccrual loans and foreclosed properties | 415 | | 150 | 565 |
| Advances on loans | 32 | | 1 | 33 |
| Total additions | 447 | | 151 | 598 |
| Reductions in nonperforming assets | | | | |
| Paydowns, payoffs | (233) | | (51) | (284) |
First 8 of 14 rows. The CSV has all of them.
Table 14 after “Charge-offs exclude actions for certain card products and loan sales that were not classified as nonperforming at the time the charge-off oc”
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| Three Months Ended September 30 | | | | | | | | |
| 2026 | 2025 | | | | | | | |
| (Dollars in Millions) | Average Loan Balance | Net Charge-offs | Percent | Average Loan Balance | Net Charge-offs | Percent | | | |
| Commercial | | | | | | | | | |
| Commercial | $150,917 | | $83 | | .22% | | $134,106 | $23 | .07% |
| Lease financing | 4,443 | | 5 | | .45 | | 4,250 | 7 | .65 |
| Total commercial | 155,360 | | 88 | | .22 | | 138,356 | 30 | .09 |
| Commercial Real Estate | | | | | | | | | |
First 8 of 38 rows. The CSV has all of them.
Table 15 after “The following table summarizes the baseline forecast for key economic variables the Company used in its estimate of the allowance for credit”
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| September 30, 2026 | December 31, 2025 | |
| United States unemployment rate for the three months ending(a) | | | |
| September 30, 2026 | 4.3% | | 4.5% |
| December 31, 2026 | 4.3 | | 4.4 |
| September 30, 2027 | 4.3 | | 4.4 |
| United States real gross domestic product for the three months ending(b) | | | |
| September 30, 2026 | 1.6% | | 1.5% |
| December 31, 2026 | 2.0 | | 1.8 |
First 8 of 9 rows. The CSV has all of them.
Table 16 after “Reflects year-over-year growth rates.”
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| Three Months Ended September 30 | Nine Months Ended September 30 | | | | |
| (Dollars in Millions) | 2026 | 2025 | 2026 | 2025 | | |
| Balance at beginning of period | $7,979 | | $7,862 | | $7,947 | $7,925 |
| Allowance for acquired credit losses | 55 | | — | | 55 | — |
| Charge-Offs | | | | | | |
| Commercial | | | | | | |
| Commercial | 98 | | 52 | | 350 | 242 |
| Lease financing | 7 | | 9 | | 21 | 24 |
First 8 of 69 rows. The CSV has all of them.
Table 17 after “Net interest income sensitivity analysis includes evaluating all of the Company’s assets and liabilities and off-balance sheet instruments, ”
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| September 30, 2026 | December 31, 2025 | | | | | | | | | | |
| Down 50 bps Immediate | Up 50 bps Immediate | Down 200 bps Immediate | Up 200 bps Immediate | Down 50 bps Immediate | Up 50 bps Immediate | Down 200 bps Immediate | Up 200 bps Immediate | | | | |
| Net interest income | (.22)% | | .45% | | (.25)% | | 1.02% | | (.02)% | (.07)% | (1.83)% | .80% |
Table 18 after “The average, high, low and period-end one-day VaR amounts for the Company’s Covered Positions were as follows:”
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| Three Months Ended September 30 (Dollars in Millions) | 2026 | 2025 | | | | | | | | | | |
| Period End | Average | High | Low | Period End | Average | High | Low | | | | | |
| Credit | $2 | | $2 | | $2 | | $1 | $2 | $2 | | $3 | $2 |
| Foreign exchange | — | | 1 | | 1 | | — | — | — | | 1 | — |
| Interest rate | 1 | | 1 | | 2 | | 1 | 1 | 1 | | 1 | — |
| Equity | 2 | | 1 | | 5 | | 1 | — | — | | — | — |
| Commodity | 1 | | 1 | | 2 | | 1 | 1 | — | | 1 | — |
| Diversification benefit(a) | (3) | | (3) | | n/a | n/a | (3) | (2) | n/a | n/a | | |
First 8 of 9 rows. The CSV has all of them.
Table 19 after “The average, high and low VaR amounts for the residential MLHFS and related hedges and the MSRs and related hedges were as follows:”
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| Three Months Ended September 30 (Dollars in Millions) | 2026 | 2025 | |
| Residential Mortgage Loans Held For Sale and Related Hedges | | | |
| Average | $— | | $1 |
| High | 1 | | 1 |
| Low | — | | — |
| Mortgage Servicing Rights and Related Hedges | | | |
| Average | $2 | | $3 |
| High | 3 | | 5 |
First 8 of 9 rows. The CSV has all of them.
Table 20 after “The following table summarizes the Company’s total available liquidity from cash, available investment securities and secured borrowing capa”
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| (Dollars in Millions) | September 30, 2026 | December 31, 2025 | |
| Cash held at the Federal Reserve Bank and other central banks | $42,201 | | $39,206 |
| Available investment securities | 42,281 | | 56,366 |
| Borrowing capacity from the Federal Reserve Bank and FHLB | 209,027 | | 205,120 |
| Total available liquidity | $293,509 | | $300,692 |
Table 21 after “for further information on these other capital ratios.”
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| (Dollars in Millions) | September 30, 2026 | December 31, 2025 | |
| Basel III standardized approach: | | | |
| Common equity tier 1 capital | $55,023 | | $51,665 |
| Tier 1 capital | 62,267 | | 58,917 |
| Total risk-based capital | 72,844 | | 68,087 |
| Risk-weighted assets | 508,174 | | 480,382 |
| Common equity tier 1 capital as a percent of risk-weighted assets | 10.8% | | 10.8% |
| Tier 1 capital as a percent of risk-weighted assets | 12.3 | | 12.3 |
First 8 of 11 rows. The CSV has all of them.
Table 22 after “The following table provides a detailed analysis of all shares of common stock of the Company purchased by the Company during the third quar”
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| Period | Total Number of Shares Purchased | Average Price Paid Per Share | Total Number of Shares Purchased as Part of Publicly Announced Program | Approximate Dollar Value of Shares that May Yet Be Purchased Under the Program (In Millions) | |
| July | 12,402 | $63.22 | | 12,402 | $3,911 |
| August | 770 | 63.21 | | 770 | 3,911 |
| September | 105 | 63.94 | | 105 | 3,911 |
| Total | 13,277 | $63.23 | | 13,277 | $3,911 |
Table 23 after “Income taxes are assessed to each business segment at a managerial tax rate of 25.0 percent with the residual tax expense or benefit to arri”
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| Wealth, Corporate, Commercial and Institutional Banking | Consumer and Business Banking | Payment Services | | | | | | | | | | | | | | |
| Three Months Ended September 30 (Dollars in Millions) | 2026 | 2025 | Percent Change | 2026 | 2025 | Percent Change | 2026 | 2025 | Percent Change | | | | | | | | |
| Condensed Income Statement | | | | | | | | | | | | | | | | | |
| Net interest income (taxable-equivalent basis) | $1,971 | | $1,761 | | 11.9% | | $1,878 | | $1,851 | | 1.5% | | $834 | | $781 | | 6.8% |
| Noninterest income | 2,026 | | 1,572 | | 28.9 | | 526 | | 564 | | (6.7) | | 1,034 | | 973 | | 6.3 |
| Total net revenue | 3,997 | | 3,333 | | 19.9 | | 2,404 | | 2,415 | | (.5) | | 1,868 | | 1,754 | | 6.5 |
| Noninterest expense | 1,754 | | 1,495 | | 17.3 | | 1,488 | | 1,562 | | (4.7) | | 1,040 | | 1,005 | | 3.5 |
| Income (loss) before provision and income taxes | 2,243 | | 1,838 | | 22.0 | | 916 | | 853 | | 7.4 | | 828 | | 749 | | 10.5 |
First 8 of 46 rows. The CSV has all of them.
| Wealth, Corporate, Commercial and Institutional Banking | Consumer and Business Banking | Payment Services | | | | | | | | | | | |
| Nine Months Ended September 30 (Dollars in Millions) | 2026 | 2025 | Percent Change | 2026 | 2025 | Percent Change | 2026 | 2025 | Percent Change | | | | | |
| Condensed Income Statement | | | | | | | | | | | | | | |
| Net interest income (taxable-equivalent basis) | $5,768 | | $5,177 | | 11.4% | | $5,516 | | $5,466 | | .9% | $2,402 | $2,253 | 6.6% |
| Noninterest income | 5,467 | | 4,489 | | 21.8 | | 1,579 | | 1,623 | | (2.7) | 2,997 | 2,869 | 4.5 |
| Total net revenue | 11,235 | | 9,666 | | 16.2 | | 7,095 | | 7,089 | | .1 | 5,399 | 5,122 | 5.4 |
| Noninterest expense | 4,861 | | 4,453 | | 9.2 | | 4,468 | | 4,638 | | (3.7) | 3,191 | 2,963 | 7.7 |
| Income (loss) before provision and income taxes | 6,374 | | 5,213 | | 22.3 | | 2,627 | | 2,451 | | 7.2 | 2,208 | 2,159 | 2.3 |
First 8 of 46 rows. The CSV has all of them.
Table 25 after “The following tables show the Company’s calculation of these non-GAAP financial measures:”
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| (Dollars in Millions) | September 30, 2026 | December 31, 2025 | |
| Total equity | $66,888 | | $65,651 |
| Preferred stock | (6,808) | | (6,808) |
| Noncontrolling interests | (463) | | (458) |
| Common equity(1) | 59,617 | | 58,385 |
| Goodwill (net of deferred tax liability)(a) | (12,185) | | (11,603) |
| Intangible assets (net of deferred tax liability), other than mortgage servicing rights | (1,713) | | (1,507) |
| Tangible common equity(2) | 45,719 | | 45,275 |
First 8 of 17 rows. The CSV has all of them.
Table 26 after “Includes goodwill related to certain investments in unconsolidated financial institutions per prescribed regulatory requirements.”
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| Three Months Ended September 30 | Nine Months Ended September 30 | | | | |
| (Dollars in Millions) | 2026 | 2025 | 2026 | 2025 | | |
| Net interest income | $4,468 | | $4,222 | | $13,092 | $12,365 |
| Taxable-equivalent adjustment(a) | 22 | | 29 | | 76 | 88 |
| Net interest income, on a taxable-equivalent basis | 4,490 | | 4,251 | | 13,168 | 12,453 |
| Net interest income, on a taxable-equivalent basis (as calculated above) | 4,490 | | 4,251 | | 13,168 | 12,453 |
| Noninterest income | 3,480 | | 3,078 | | 9,802 | 8,838 |
| Less: Securities gains (losses), net | (65) | | (7) | | (149) | (64) |
First 8 of 11 rows. The CSV has all of them.
Table 27 after “Based on a federal income tax rate of 21 percent for those assets and liabilities whose income or expense is not included for federal income”
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| Three Months Ended September 30 | Nine Months Ended September 30 | | | | |
| (Dollars in Millions) | 2026 | 2025 | 2026 | 2025 | | |
| Net income applicable to U.S. Bancorp common shareholders | $2,095 | | $1,893 | | $6,034 | $5,229 |
| Intangibles amortization (net-of-tax) | 100 | | 99 | | 277 | 294 |
| Net income applicable to U.S. Bancorp common shareholders, excluding intangibles amortization | 2,195 | | 1,992 | | 6,311 | 5,523 |
| Annualized net income applicable to U.S. Bancorp common shareholders, excluding intangibles amortization(1) | 8,708 | | 7,903 | | 8,438 | 7,384 |
| Average total equity | 68,214 | | 63,101 | | 67,293 | 61,521 |
| Average preferred stock | (6,808) | | (6,808) | | (6,808) | (6,808) |
First 8 of 13 rows. The CSV has all of them.
Table 28 after “Includes goodwill related to certain investments in unconsolidated financial institutions per prescribed regulatory requirements.”
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| (Dollars in Millions, Except Per Share Data) | September 30, 2026 | September 30, 2025 | |
| Common equity | $59,617 | | $56,532 |
| Goodwill (net of deferred tax liability)(a) | (12,185) | | (11,603) |
| Intangible assets (net of deferred tax liability), other than mortgage servicing rights | (1,713) | | (1,605) |
| Tangible common equity(1) | 45,719 | | 43,324 |
| Common shares outstanding(2) | 1,558 | | 1,556 |
| Tangible book value per common share(1)/(2) | $29.34 | | $27.84 |
| (Dollars in Millions) (Unaudited) | September 30, 2026 | December 31, 2025 | |
| Assets | | | |
| Cash and due from banks | $49,523 | | $46,890 |
| Investment securities | | | |
| Held-to-maturity (fair value $59,380 and $67,079, respectively) | 72,923 | | 76,170 |
| Available-for-sale ($227 and $294 pledged as collateral, respectively)(a) | 80,228 | | 90,838 |
| Loans held for sale (including $2,199 and $2,353 of mortgage loans carried at fair value, respectively) | 2,426 | | 2,538 |
| Loans | | | |
First 8 of 41 rows. The CSV has all of them.
Table 30 after “Consolidated Statement of Income”
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| (Dollars and Shares in Millions, Except Per Share Data) (Unaudited) | Three Months Ended September 30 | Nine Months Ended September 30 | | | |
| 2026 | 2025 | 2026 | 2025 | | |
| Interest Income | | | | | |
| Loans | $5,920 | | $5,688 | $17,174 | $16,769 |
| Loans held for sale | 41 | | 35 | 119 | 122 |
| Investment securities | 1,303 | | 1,392 | 3,950 | 4,055 |
| Other interest income | 510 | | 812 | 1,536 | 2,101 |
| Total interest income | 7,774 | | 7,927 | 22,779 | 23,047 |
First 8 of 47 rows. The CSV has all of them.
Table 31 after “Consolidated Statement of Comprehensive Income”
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| (Dollars in Millions) (Unaudited) | Three Months Ended September 30 | Nine Months Ended September 30 | | | |
| 2026 | 2025 | 2026 | 2025 | | |
| Net income | $2,208 | | $2,008 | $6,341 | $5,545 |
| Other Comprehensive Income (Loss) | | | | | |
| Changes in unrealized gains (losses) on investment securities available-for-sale | (2,933) | | 975 | (3,076) | 1,681 |
| Changes in unrealized gains (losses) on derivative hedges | (448) | | (5) | (837) | 436 |
| Changes in debit valuation adjustments | 9 | | (5) | — | (8) |
| Foreign currency translation | 8 | | (1) | 17 | (5) |
First 8 of 14 rows. The CSV has all of them.
Table 32 after “Consolidated Statement of Shareholders’ Equity”
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| U.S. Bancorp Shareholders | | | | | | | | | | | | | | | |
| (Dollars and Shares in Millions, Except Per Share Data) (Unaudited) | Common Shares Outstanding | Preferred Stock | Common Stock | Capital Surplus | Retained Earnings | Treasury Stock | Accumulated Other Comprehensive Income (Loss) | Total U.S. Bancorp Shareholders’ Equity | Noncontrolling Interests | Total Equity | | | | | | |
| Balance June 30, 2025 | 1,558 | $6,808 | | $21 | | $8,706 | | $78,652 | | $(24,140) | | $(8,609) | | $61,438 | $458 | $61,896 |
| Net income (loss) | | | | | 2,001 | | | | 2,001 | | 7 | | 2,008 | | | |
| Other comprehensive income (loss) | | | | | | | 861 | | 861 | | | 861 | | | | |
| Preferred stock dividends(a) | | | | | (97) | | | | (97) | | | (97) | | | | |
| Common stock dividends ($.52 per share) | | | | | (814) | | | | (814) | | | (814) | | | | |
| Issuance of common and treasury stock | | | | (3) | | | 13 | | | 10 | | | 10 | | | |
First 8 of 44 rows. The CSV has all of them.
Table 33 after “Consolidated Statement of Cash Flows”
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| (Dollars in Millions) (Unaudited) | Nine Months Ended September 30 | |
| 2026 | 2025 | |
| Operating Activities | | |
| Net income attributable to U.S. Bancorp | $6,324 | $5,525 |
| Adjustments to reconcile net income to net cash provided by operating activities | | |
| Provision for credit losses | 1,768 | 1,609 |
| Depreciation and amortization of premises and equipment | 284 | 276 |
| Amortization of intangibles | 351 | 372 |
First 8 of 42 rows. The CSV has all of them.
Table 34 after “The amortized cost, gross unrealized holding gains and losses, and fair value of held-to-maturity and available-for-sale investment securiti”
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| September 30, 2026 | December 31, 2025 | | | | | | | | | | |
| (Dollars in Millions) | Amortized Cost | Unrealized Gains | Unrealized Losses | Fair Value | Amortized Cost | Unrealized Gains | Unrealized Losses | Fair Value | | | | |
| Held-to-Maturity | | | | | | | | | | | | |
| U.S. Treasury and agencies | $649 | | $— | | $(5) | | $644 | | $648 | $— | $(4) | $644 |
| Mortgage-backed securities | | | | | | | | | | | | |
| Residential agency | 70,434 | | 1 | | (13,493) | | 56,942 | | 73,591 | 72 | (9,184) | 64,479 |
| Commercial agency | 1,591 | | — | | (47) | | 1,544 | | 1,644 | 25 | (2) | 1,667 |
| Other | 249 | | 1 | | — | | 250 | | 287 | 2 | — | 289 |
First 8 of 22 rows. The CSV has all of them.
Table 35 after “The following table provides information about the amount of interest income from taxable and non-taxable investment securities:”
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| Three Months Ended September 30 | Nine Months Ended September 30 | | | | |
| (Dollars in Millions) | 2026 | 2025 | 2026 | 2025 | | |
| Taxable | $1,251 | | $1,318 | | $3,759 | $3,833 |
| Non-taxable | 52 | | 74 | | 191 | 222 |
| Total interest income from investment securities | $1,303 | | $1,392 | | $3,950 | $4,055 |
Table 36 after “The following table provides information about the amount of gross gains and losses realized through the sales of available-for-sale investm”
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| Three Months Ended September 30 | Nine Months Ended September 30 | | | | |
| (Dollars in Millions) | 2026 | 2025 | 2026 | 2025 | | |
| Realized gains | $10 | | $10 | | $14 | $18 |
| Realized losses | (75) | | (17) | | (163) | (82) |
| Net realized gains (losses) | $(65) | | $(7) | | $(149) | $(64) |
| Income tax expense (benefit) on net realized gains (losses) | $(16) | | $(2) | | $(37) | $(16) |
Table 37 after “The following table shows the gross unrealized losses excluding portfolio level basis adjustments and fair value of the Company’s available-”
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| Less Than 12 Months | 12 Months or Greater | Total | | | | | | |
| (Dollars in Millions) | Fair Value | Unrealized Losses | Fair Value | Unrealized Losses | Fair Value | Unrealized Losses | | | |
| U.S. Treasury and agencies | $4,228 | | $(117) | | $14,251 | | $(1,579) | $18,479 | $(1,696) |
| Mortgage-backed securities | | | | | | | | | |
| Residential agency | 26,333 | | (1,388) | | 11,442 | | (1,884) | 37,775 | (3,272) |
| Commercial | | | | | | | | | |
| Agency | — | | — | | 6,692 | | (1,120) | 6,692 | (1,120) |
| Non-agency | — | | — | | 7 | | — | 7 | — |
First 8 of 11 rows. The CSV has all of them.
Table 38 after “The following table provides information about the amortized cost, fair value and yield by maturity date of the investment securities outsta”
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| (Dollars in Millions) | Amortized Cost | Fair Value | Weighted- Average Maturity in Years | Weighted-Average Yield(e) | | | |
| Held-to-Maturity | | | | | | | |
| U.S. Treasury and agencies | | | | | | | |
| Maturing in one year or less | $649 | | $644 | | 0.6 | 3.00% | |
| Maturing after one year through five years | — | | — | | — | | — |
| Maturing after five years through ten years | — | | — | | — | | — |
| Maturing after ten years | — | | — | | — | | — |
| Total | $649 | | $644 | | 0.6 | 3.00% | |
First 8 of 53 rows. The CSV has all of them.
Table 39 after “The composition of the loan portfolio, by class and underlying specific portfolio type, was as follows:”
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| September 30, 2026 | December 31, 2025 | | | | |
| (Dollars in Millions) | Amount | Percent of Total | Amount | Percent of Total | | |
| Commercial | | | | | | |
| Commercial | $154,302 | | 37.2% | | $141,982 | 36.2% |
| Lease financing | 4,512 | | 1.1 | | 4,436 | 1.2 |
| Total commercial | 158,814 | | 38.3 | | 146,418 | 37.4 |
| Commercial Real Estate | | | | | | |
| Commercial mortgages | 43,296 | | 10.4 | | 39,476 | 10.1 |
First 8 of 23 rows. The CSV has all of them.
Table 40 after “Activity in the allowance for credit losses by portfolio class was as follows:”
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| Three Months Ended September 30 (Dollars in Millions) | Commercial | Commercial Real Estate | Residential Mortgages | Credit Card | Other Retail | Total Loans | | | |
| 2026 | | | | | | | | | |
| Balance at beginning of period | $1,791 | | $1,230 | | $734 | | $3,373 | $851 | $7,979 |
| Add | | | | | | | | | |
| Allowance for acquired credit losses | — | | — | | — | | 55 | — | 55 |
| Provision for credit losses(a) | 100 | | (28) | | 6 | | 515 | 61 | 654 |
| Deduct | | | | | | | | | |
| Loans charged-off | 105 | | 44 | | 4 | | 414 | 80 | 647 |
First 8 of 40 rows. The CSV has all of them.
Table 41 after “The following table provides a summary of loans charged-off by portfolio class and year of origination:”
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| Three Months Ended September 30 (Dollars in Millions) | Commercial | Commercial Real Estate | Residential Mortgages | Credit Card(a) | Other Retail | Total Loans | | | |
| 2026 | | | | | | | | | |
| Originated in 2026 | $41 | | $7 | | $— | | $— | $3 | $51 |
| Originated in 2025 | 10 | | — | | — | | — | 8 | 18 |
| Originated in 2024 | 23 | | 7 | | — | | — | 8 | 38 |
| Originated in 2023 | 6 | | 23 | | — | | — | 18 | 47 |
| Originated in 2022 | 8 | | 7 | | 1 | | — | 8 | 24 |
| Originated prior to 2022 | 13 | | — | | 3 | | — | 11 | 27 |
First 8 of 38 rows. The CSV has all of them.
Table 42 after “The following table provides a summary of loans by portfolio class, including the delinquency status of those that continue to accrue intere”
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| Accruing | | | | | | |
| (Dollars in Millions) | Current | 30-89 Days Past Due | 90 Days or More Past Due | Nonperforming(b) | Total | | |
| September 30, 2026 | | | | | | | |
| Commercial | $158,174 | | $194 | | $14 | $432 | $158,814 |
| Commercial real estate | 52,843 | | 85 | | 5 | 518 | 53,451 |
| Residential mortgages(a) | 116,214 | | 194 | | 222 | 176 | 116,806 |
| Credit card | 40,568 | | 562 | | 457 | — | 41,587 |
| Other retail | 44,207 | | 179 | | 45 | 158 | 44,589 |
First 8 of 16 rows. The CSV has all of them.
Table 43 after “The following table provides a summary of loans by portfolio class and the Company’s internal credit quality rating:”
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| September 30, 2026 | December 31, 2025 | | | | | | | | | | | | | |
| | Criticized | | | Criticized | | | | | | | | | | |
| (Dollars in Millions) | Pass | Special Mention | Classified(a) | Total Criticized | Total | Pass | Special Mention | Classified(a) | Total Criticized | Total | | | | | |
| Commercial | | | | | | | | | | | | | | | |
| Originated in 2026 | $54,421 | | $721 | | $405 | | $1,126 | | $55,547 | | $— | $— | $— | $— | $— |
| Originated in 2025 | 45,005 | | 250 | | 208 | | 458 | | 45,463 | | 70,753 | 219 | 762 | 981 | 71,734 |
| Originated in 2024 | 14,936 | | 78 | | 276 | | 354 | | 15,290 | | 24,283 | 168 | 637 | 805 | 25,088 |
| Originated in 2023 | 4,027 | | 1 | | 234 | | 235 | | 4,262 | | 7,532 | 47 | 278 | 325 | 7,857 |
First 8 of 43 rows. The CSV has all of them.
Table 44 after “The following table provides a summary of period-end balances of loans modified during the periods presented, by portfolio class and modific”
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| Three Months Ended September 30 (Dollars in Millions) | Interest Rate Reduction | Payment Delay | Term Extension | Multiple Modifications(a) | Total Modifications | Percent of Class Total | | | |
| 2026 | | | | | | | | | |
| Commercial | $— | | $— | | $42 | | $— | $42 | —% |
| Commercial real estate | — | | — | | 310 | | — | 310 | .6 |
| Residential mortgages(b) | — | | 22 | | 16 | | 6 | 44 | — |
| Credit card | 180 | | — | | — | | — | 180 | .4 |
| Other retail | 2 | | — | | 22 | | 2 | 26 | .1 |
| Total loans, excluding loans purchased from GNMA mortgage pools | 182 | | 22 | | 390 | | 8 | 602 | .1 |
First 8 of 38 rows. The CSV has all of them.
Table 45 after “The following table summarizes the effects of loan modifications made to borrowers on loans modified:”
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| Three Months Ended September 30 | Weighted-Average Interest Rate Reduction | Weighted-Average Months of Term Extension | |
| 2026 | | | |
| Commercial | —% | | 11 |
| Commercial real estate | — | | 5 |
| Residential mortgages | 1.3 | | 41 |
| Credit card | 15.5 | | — |
| Other retail | 5.7 | | 9 |
| Loans purchased from GNMA mortgage pools | .7 | | 84 |
First 8 of 30 rows. The CSV has all of them.
Table 46 after “The following table provides a summary of loan balances as of September 30, which were modified during the prior twelve months, by portfolio”
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| (Dollars in Millions) | Current | 30-89 Days Past Due | 90 Days or More Past Due | Total | | |
| 2026 | | | | | | |
| Commercial | $337 | | $1 | | $161 | $499 |
| Commercial real estate | 795 | | — | | 151 | 946 |
| Residential mortgages(a) | 1,099 | | 10 | | 11 | 1,120 |
| Credit card | 399 | | 95 | | 48 | 542 |
| Other retail | 84 | | 11 | | 6 | 101 |
| Total loans | $2,714 | | $117 | | $377 | $3,208 |
First 8 of 15 rows. The CSV has all of them.
Table 47 after “The following table provides a summary of loans that defaulted (fully or partially charged-off or became 90 days or more past due) that were”
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| Three Months Ended September 30 (Dollars in Millions) | Interest Rate Reduction | Payment Delay | Term Extension | Multiple Modifications(a) | | |
| 2026 | | | | | | |
| Commercial | $— | | $— | | $110 | $7 |
| Commercial real estate | — | | — | | 73 | — |
| Residential mortgages | — | | — | | 1 | 3 |
| Credit card | 46 | | — | | — | — |
| Other retail | 1 | | — | | 4 | — |
| Total loans, excluding loans purchased from GNMA mortgage pools | 47 | | — | | 188 | 10 |
First 8 of 38 rows. The CSV has all of them.
Table 48 after “The following table provides a summary of investments in community development and tax-advantaged VIEs that the Company has not consolidated”
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| (Dollars in Millions) | September 30, 2026 | December 31, 2025 | |
| Investment carrying amount | $10,036 | | $9,712 |
| Unfunded capital and other commitments | 5,513 | | 5,761 |
| Maximum exposure to loss | 10,512 | | 9,338 |
Table 49 after “Changes in fair value of capitalized MSRs are summarized as follows:”
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| Three Months Ended September 30 | Nine Months Ended September 30 | | | | |
| (Dollars in Millions) | 2026 | 2025 | 2026 | 2025 | | |
| Balance at beginning of period | $3,177 | | $3,305 | | $3,159 | $3,369 |
| Rights capitalized | 98 | | 71 | | 249 | 194 |
| Rights sold | (1) | | 1 | | (5) | 2 |
| Changes in fair value of MSRs | | | | | | |
| Due to fluctuations in market interest rates(a) | 230 | | (3) | | 256 | (43) |
| Due to revised assumptions or models(b) | (5) | | 13 | | (17) | 23 |
First 8 of 10 rows. The CSV has all of them.
Table 50 after “The estimated sensitivity to changes in interest rates of the fair value of the MSR portfolio and the related derivative instruments was as ”
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| September 30, 2026 | December 31, 2025 | | | | | | | | | | | | | | | | |
| (Dollars in Millions) | Down 100 bps | Down 50 bps | Down 25 bps | Up 25 bps | Up 50 bps | Up 100 bps | Down 100 bps | Down 50 bps | Down 25 bps | Up 25 bps | Up 50 bps | Up 100 bps | | | | | | |
| MSR portfolio | $(278) | | $(127) | | $(60) | | $54 | | $103 | | $184 | | $(369) | $(176) | $(86) | $81 | $155 | $284 |
| Derivative instrument hedges | 286 | 126 | 59 | (54) | | (104) | | (194) | | 397 | 188 | 89 | (79) | (153) | (297) | | | |
| Net sensitivity | $8 | | $(1) | | $(1) | | $— | | $(1) | | $(10) | | $28 | $12 | $3 | $2 | $2 | $(13) |
Table 51 after “The following table provides a summary of the Company’s MSRs and related characteristics by portfolio:”
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| September 30, 2026 | December 31, 2025 | | | | | | | | | | |
| (Dollars in Millions) | HFA | Government | Conventional(d) | Total | HFA | Government | Conventional(d) | Total | | | | |
| Servicing portfolio(a) | $59,610 | | $22,646 | | $124,628 | | $206,884 | | $56,993 | $23,630 | $126,614 | $207,237 |
| Fair value | $965 | | $484 | | $1,970 | | $3,419 | | $849 | $465 | $1,845 | $3,159 |
| Value (bps)(b) | 162 | | 214 | | 158 | | 165 | | 149 | 197 | 146 | 152 |
| Weighted-average servicing fees (bps) | 35 | | 45 | | 25 | | 30 | | 35 | 45 | 25 | 30 |
| Multiple (value/servicing fees) | 4.62 | | 4.80 | | 6.20 | | 5.45 | | 4.22 | 4.41 | 5.75 | 5.03 |
| Weighted-average note rate | 5.28% | | 4.45% | | 4.15% | | 4.51% | | 5.17% | 4.41% | 4.04% | 4.39% |
First 8 of 12 rows. The CSV has all of them.
Table 52 after “The number of shares issued and outstanding and the carrying amount of each outstanding series of the Company’s preferred stock were as foll”
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| September 30, 2026 | December 31, 2025 | | | | | | | | | |
| (Dollars in Millions) | Shares Issued and Outstanding | Liquidation Preference | Discount | Carrying Amount | Shares Issued and Outstanding | Liquidation Preference | Discount | Carrying Amount | | | |
| Series A | 12,510 | $1,251 | | $145 | | $1,106 | | 12,510 | $1,251 | $145 | $1,106 |
| Series B | 40,000 | 1,000 | | — | | 1,000 | | 40,000 | 1,000 | — | 1,000 |
| Series J | 40,000 | 1,000 | | 7 | | 993 | | 40,000 | 1,000 | 7 | 993 |
| Series K | 23,000 | 575 | | 10 | | 565 | | 23,000 | 575 | 10 | 565 |
| Series L | 20,000 | 500 | | 14 | | 486 | | 20,000 | 500 | 14 | 486 |
| Series M | 30,000 | 750 | | 21 | | 729 | | 30,000 | 750 | 21 | 729 |
First 8 of 11 rows. The CSV has all of them.
Table 53 after “The reconciliation of the transactions affecting accumulated other comprehensive income (loss) included in shareholders’ equity is as follow”
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| Three Months Ended September 30 (Dollars in Millions) | Unrealized Gains (Losses) on Investment Securities Available-For-Sale | Unrealized Gains (Losses) on Investment Securities Transferred From Available-For-Sale to Held-To-Maturity | Unrealized Gains (Losses) on Derivative Hedges | Unrealized Gains (Losses) on Retirement Plans | Debit Valuation Adjustments | Foreign Currency Translation | Total | | | |
| 2026 | | | | | | | | | | |
| Balance at beginning of period | $(3,322) | | $(2,656) | | $(298) | | $(812) | $(17) | $(6) | $(7,111) |
| Changes in unrealized gains (losses) | (2,933) | | — | | (448) | | — | 9 | — | (3,372) |
| Foreign currency translation adjustment(a) | — | | — | | — | | — | — | 8 | 8 |
| Reclassification to earnings of realized (gains) losses | 65 | | 114 | | 46 | | (7) | — | — | 218 |
| Applicable income taxes | 724 | | (29) | | 102 | | 2 | (2) | (2) | 795 |
| Balance at end of period | $(5,466) | | $(2,571) | | $(598) | | $(817) | $(10) | $— | $(9,462) |
First 8 of 30 rows. The CSV has all of them.
Table 54 after “Additional detail about the impact to net income for items reclassified out of accumulated other comprehensive income (loss) and into earnin”
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| Impact to Net Income | | | | | | |
| Three Months Ended September 30 | Nine Months Ended September 30 | Affected Line Item in the Consolidated Statement of Income | | | | |
| (Dollars in Millions) | 2026 | 2025 | 2026 | 2025 | | | |
| Unrealized gains (losses) on investment securities available-for-sale | | | | | | | |
| Realized gains (losses) on sales of investment securities | $(65) | | $(7) | | $(149) | $(64) | Securities gains (losses), net |
| 16 | | 2 | | 37 | 16 | Applicable income taxes |
| (49) | | (5) | | (112) | (48) | Net-of-tax |
| Unrealized gains (losses) on investment securities transferred from available-for-sale to held-to-maturity | | | | | | | |
First 8 of 20 rows. The CSV has all of them.
Table 55 after “The components of earnings per share were:”
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| Three Months Ended September 30 | Nine Months Ended September 30 | | | | |
| (Dollars and Shares in Millions, Except Per Share Data) | 2026 | 2025 | 2026 | 2025 | | |
| Net income attributable to U.S. Bancorp | $2,202 | | $2,001 | | $6,324 | $5,525 |
| Preferred dividends | (93) | | (97) | | (252) | (262) |
| Earnings allocated to participating stock awards | (14) | | (11) | | (38) | (34) |
| Net income applicable to U.S. Bancorp common shareholders | $2,095 | | $1,893 | | $6,034 | $5,229 |
| Average common shares outstanding | 1,558 | | 1,557 | | 1,555 | 1,558 |
| Net effect of the exercise and assumed purchase of stock awards | 1 | | — | | 1 | 1 |
First 8 of 11 rows. The CSV has all of them.
Table 56 after “The components of net periodic benefit cost for the Company’s pension plans were:”
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| Three Months Ended September 30 | Nine Months Ended September 30 | | | | |
| (Dollars in Millions) | 2026 | 2025 | 2026 | 2025 | | |
| Service cost | $43 | | $54 | | $131 | $160 |
| Interest cost | 101 | | 102 | | 303 | 307 |
| Expected return on plan assets | (152) | | (147) | | (456) | (440) |
| Prior service cost (credit) amortization | (10) | | (1) | | (31) | (3) |
| Actuarial loss (gain) amortization | 5 | | 1 | | 14 | 3 |
| Net periodic benefit cost (credit)(a) | $(13) | | $9 | | $(39) | $27 |
Table 57 after “The following table summarizes the asset and liability management derivative positions of the Company:”
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| September 30, 2026 | December 31, 2025 | | | | | | |
| Notional Value | Fair Value | Notional Value | Fair Value | | | | |
| (Dollars in Millions) | Assets | Liabilities | Assets | Liabilities | | | | |
| Fair value hedges | | | | | | | | |
| Interest rate contracts | | | | | | | | |
| Receive fixed/pay floating swaps | $14,875 | | $— | | $— | $7,950 | $— | $— |
| Pay fixed/receive floating swaps | 25,917 | | — | | — | 25,154 | — | — |
| Cash flow hedges | | | | | | | | |
First 8 of 28 rows. The CSV has all of them.
Table 58 after “The following table summarizes the customer-related derivative positions of the Company:”
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| September 30, 2026 | December 31, 2025 | | | | | | |
| Notional Value | Fair Value | Notional Value | Fair Value | | | | |
| (Dollars in Millions) | Assets | Liabilities | Assets | Liabilities | | | | |
| Interest rate contracts | | | | | | | | |
| Receive fixed/pay floating swaps | $581,744 | | $132 | | $5,827 | $459,357 | $1,326 | $2,134 |
| Pay fixed/receive floating swaps | 503,721 | | 3,485 | | 52 | 386,099 | 1,142 | 449 |
| Other(a) | 65,056 | | 27 | | 52 | 66,014 | 19 | 33 |
| Options | | | | | | | | |
First 8 of 29 rows. The CSV has all of them.
Table 59 after “The table below shows the effective portion of the gains (losses) recognized in other comprehensive income (loss) and the gains (losses) rec”
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| Three Months Ended September 30 | Nine Months Ended September 30 | | | | | | | | | | |
| Gains (Losses) Recognized in Other Comprehensive Income (Loss) | Gains (Losses) Reclassified from Other Comprehensive Income (Loss) into Earnings | Gains (Losses) Recognized in Other Comprehensive Income (Loss) | Gains (Losses) Reclassified from Other Comprehensive Income (Loss) into Earnings | | | | | | | | |
| (Dollars in Millions) | 2026 | 2025 | 2026 | 2025 | 2026 | 2025 | 2026 | 2025 | | | | |
| Asset and Liability Management Positions | | | | | | | | | | | | |
| Cash flow hedges | | | | | | | | | | | | |
| Interest rate contracts | $(334) | | $(4) | | $(34) | | $(49) | | $(625) | $323 | $(96) | $(143) |
| Net investment hedges | | | | | | | | | | | | |
| Foreign exchange forward contracts | 10 | | 14 | | — | | — | | 44 | (28) | — | — |
First 8 of 9 rows. The CSV has all of them.
Table 60 after “The table below shows the effect of fair value and cash flow hedge accounting on the Consolidated Statement of Income:”
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| Three Months Ended September 30 | Nine Months Ended September 30 | | | | | | | | | | |
| Interest Income | Interest Expense | Interest Income | Interest Expense | | | | | | | | |
| (Dollars in Millions) | 2026 | 2025 | 2026 | 2025 | 2026 | 2025 | 2026 | 2025 | | | | |
| Total amount of income and expense line items presented in the Consolidated Statement of Income in which the effects of fair value or cash flow hedges are recorded | $7,774 | | $7,927 | | $3,306 | | $3,705 | | $22,779 | $23,047 | $9,687 | $10,682 |
| Asset and Liability Management Positions | | | | | | | | | | | | |
| Fair value hedges | | | | | | | | | | | | |
| Interest rate contract derivatives | 661 | | 34 | | (423) | | 92 | | 1,114 | (699) | (566) | (92) |
| Hedged items | (663) | | (34) | | 425 | | (92) | | (1,123) | 699 | 570 | 96 |
First 8 of 10 rows. The CSV has all of them.
Table 61 after “The table below shows cumulative hedging adjustments and the carrying amount of assets and liabilities currently designated in fair value he”
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| Carrying Amount of the Hedged Assets and Liabilities | Cumulative Hedging Adjustment | | | | |
| (Dollars in Millions) | September 30, 2026 | December 31, 2025 | September 30, 2026 | December 31, 2025 | | |
| Line Item in the Consolidated Balance Sheet | | | | | | |
| Available-for-sale investment securities(a) | $24,973 | | $25,062 | | $(882) | $75 |
| Long-term debt | 14,451 | | 8,091 | | (400) | 153 |
Table 62 after “The table below shows the gains (losses) recognized in earnings for other economic hedges and the customer-related positions:”
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| | Three Months Ended September 30 | Nine Months Ended September 30 | | | | |
| (Dollars in Millions) | Location of Gains (Losses) Recognized in Earnings | 2026 | 2025 | 2026 | 2025 | | |
| Asset and Liability Management Positions | | | | | | | |
| Other economic hedges | | | | | | | |
| Interest rate contracts | | | | | | | |
| Futures and forwards | Mortgage banking revenue | $31 | | $18 | | $42 | $43 |
| Purchased and written options | Mortgage banking revenue | 70 | | 43 | | 168 | 111 |
| Swaps | Mortgage banking revenue/Interest expense | (231) | | 12 | | (233) | 81 |
First 8 of 25 rows. The CSV has all of them.
Table 63 after “The following table summarizes the maturities by category of collateral pledged for repurchase agreements and securities loaned transactions”
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| (Dollars in Millions) | Overnight and Continuous | Less Than 30 Days | 30-89 Days | Greater Than 90 Days | Total | | |
| September 30, 2026 | | | | | | | |
| Repurchase agreements | | | | | | | |
| U.S. Treasury and agencies | $72,268 | | $2,089 | | $— | $230 | $74,587 |
| Residential agency mortgage-backed securities | 227 | | — | | — | — | 227 |
| Corporate debt securities | 4,428 | | 121 | | 12 | 2 | 4,563 |
| Asset-backed securities | 425 | | — | | — | — | 425 |
| Total repurchase agreements | 77,348 | | 2,210 | | 12 | 232 | 79,802 |
First 8 of 23 rows. The CSV has all of them.
Table 64 after “The following tables provide information on the Company’s netting adjustments, and items not offset on the Consolidated Balance Sheet but av”
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| Gross Recognized Assets | Gross Amounts Offset on the Consolidated Balance Sheet(a) | Net Amounts Presented on the Consolidated Balance Sheet | Gross Amounts Not Offset on the Consolidated Balance Sheet | Net Amount | | | |
| (Dollars in Millions) | Financial Instruments(b) | Collateral Received(c) | | | | | | |
| September 30, 2026 | | | | | | | | |
| Derivative assets(d) | $9,522 | | $(4,057) | | $5,465 | $(206) | $(74) | $5,185 |
| Reverse repurchase agreements | 77,050 | | (72,976) | | 4,074 | (221) | (3,804) | 49 |
| Securities borrowed | 1,613 | | — | | 1,613 | (23) | (1,533) | 57 |
| Total | $88,185 | | $(77,033) | | $11,152 | $(450) | $(5,411) | $5,291 |
| December 31, 2025 | | | | | | | | |
First 8 of 12 rows. The CSV has all of them.
Table 65 after “million and $20 million at September 30, 2026 and December 31, 2025, respectively, of derivative assets not subject to netting arrangements.”
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| Gross Recognized Liabilities | Gross Amounts Offset on the Consolidated Balance Sheet(a) | Net Amounts Presented on the Consolidated Balance Sheet | Gross Amounts Not Offset on the Consolidated Balance Sheet | Net Amount | | | |
| (Dollars in Millions) | Financial Instruments(b) | Collateral Pledged(c) | | | | | | |
| September 30, 2026 | | | | | | | | |
| Derivative liabilities(d) | $11,593 | | $(6,000) | | $5,593 | $(206) | $— | $5,387 |
| Repurchase agreements | 79,802 | | (72,976) | | 6,826 | (221) | (6,597) | 8 |
| Securities loaned | 78 | | — | | 78 | (23) | (54) | 1 |
| Total | $91,473 | | $(78,976) | | $12,497 | $(450) | $(6,651) | $5,396 |
| December 31, 2025 | | | | | | | | |
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Table 66 after “The following table shows the significant valuation assumption ranges for MSRs at September 30, 2026:”
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| Minimum | Maximum | Weighted-Average(a) | |
| Expected prepayment | 6% | | 17% | 8% |
| Option adjusted spread | 4 | | 11 | 6 |
Table 67 after “The following table shows the significant valuation assumption ranges for the Company’s derivative commitments to purchase and originate mor”
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| Minimum | Maximum | Weighted-Average(a) | |
| Expected loan close rate | 4% | | 100% | 89% |
| Inherent MSR value (basis points per loan) | 62 | | 219 | 134 |
Table 68 after “The following table summarizes the balances of assets and liabilities measured at fair value on a recurring basis:”
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| (Dollars in Millions) | Level 1 | Level 2 | Level 3 | Netting | Total | | |
| September 30, 2026 | | | | | | | |
| Available-for-sale securities | | | | | | | |
| U.S. Treasury and agencies | $20,700 | | $4,443 | | $— | $— | $25,143 |
| Mortgage-backed securities | | | | | | | |
| Residential agency | — | | 38,183 | | — | — | 38,183 |
| Commercial | | | | | | | |
| Agency | — | | 6,692 | | — | — | 6,692 |
First 8 of 45 rows. The CSV has all of them.
Table 69 after “The following table presents the changes in fair value for all assets and liabilities measured at fair value on a recurring basis using sign”
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| Three Months Ended September 30 (Dollars in Millions) | Beginning of Period Balance | Net Gains (Losses) Included in Net Income | | Purchases | Sales | | Issuances | | Settlements | End of Period Balance | Net Change in Unrealized Gains (Losses) Relating to Assets and Liabilities Held at End of Period | | | | | |
| 2026 | | | | | | | | | | | | | | | | |
| Mortgage servicing rights | $3,177 | | $145 | (a) | | $— | | $(1) | | $98 | | (c) | $— | $3,419 | $145 | (a) |
| Net derivative assets and liabilities | (251) | | (1,130) | (b) | | 128 | | (4) | | — | | | 356 | (901) | (343) | (d) |
| 2025 | | | | | | | | | | | | | | | | |
| Mortgage servicing rights | $3,305 | | $(88) | (a) | | $— | | $1 | | $71 | | (c) | $— | $3,289 | $(88) | (a) |
| Net derivative assets and liabilities | (107) | | (403) | (e) | | 193 | | (2) | | — | | | 389 | 70 | 152 | (f) |
| Nine Months Ended September 30 (Dollars in Millions) | Beginning of Period Balance | Net Gains (Losses) Included in Net Income | | Purchases | Sales | | Issuances | | Settlements | End of Period Balance | Net Change in Unrealized Gains (Losses) Relating to Assets and Liabilities Held at End of Period | | | | | |
First 8 of 14 rows. The CSV has all of them.
Table 70 after “The following table summarizes the balances as of the measurement date of assets measured at fair value on a nonrecurring basis, and still h”
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| September 30, 2026 | December 31, 2025 | | | | | | | | | | |
| (Dollars in Millions) | Level 1 | Level 2 | Level 3 | Total | Level 1 | Level 2 | Level 3 | Total | | | | |
| Loans(a) | $— | | $— | | $430 | | $430 | | $— | $— | $763 | $763 |
| Other assets(b) | — | | — | | 17 | | 17 | | — | — | 51 | 51 |
Table 71 after “The following table summarizes losses recognized related to nonrecurring fair value measurements of individual assets or portfolios:”
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| Three Months Ended September 30 | Nine Months Ended September 30 | | | | |
| (Dollars in Millions) | 2026 | 2025 | 2026 | 2025 | | |
| Loans(a) | $107 | | $117 | | $249 | $315 |
| Other assets(b) | 1 | | 2 | | 2 | 4 |
Table 72 after “The following table summarizes the differences between the aggregate fair value carrying amount of the assets and liabilities for which the ”
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| September 30, 2026 | December 31, 2025 | | | | | | | |
| (Dollars in Millions) | Fair Value Carrying Amount | Contractual Principal Outstanding | Carrying Amount Over (Under) Contractual Principal Outstanding | Fair Value Carrying Amount | Contractual Principal Outstanding | Carrying Amount Over (Under) Contractual Principal Outstanding | | | |
| Total loans(a) | $2,199 | | $2,222 | | $(23) | | $2,353 | $2,325 | $28 |
| Time deposits | 13 | | 14 | | (1) | | 718 | 718 | — |
| Long-term debt | 2,093 | | 2,257 | | (164) | | 1,414 | 1,419 | (5) |
Table 73 after “The estimated fair values of the Company’s financial instruments are shown in the table below:”
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| September 30, 2026 | December 31, 2025 | | | | | | | | | | | | |
| Carrying Amount | Fair Value | Carrying Amount | Fair Value | | | | | | | | | | |
| (Dollars in Millions) | Level 1 | Level 2 | Level 3 | Total | Level 1 | Level 2 | Level 3 | Total | | | | | | |
| Financial Assets | | | | | | | | | | | | | | |
| Cash and due from banks | $49,523 | | $49,523 | | $— | | $— | | $49,523 | $46,890 | $46,890 | $— | $— | $46,890 |
| Federal funds sold and securities purchased under resale agreements | 4,126 | | — | | 4,126 | | — | | 4,126 | 12,359 | — | 12,359 | — | 12,359 |
| Investment securities held-to-maturity | 72,923 | | 644 | | 58,736 | | — | | 59,380 | 76,170 | 644 | 66,435 | — | 67,079 |
| Loans held for sale(a) | 227 | | — | | — | | 227 | | 227 | 185 | — | — | 185 | 185 |
First 8 of 15 rows. The CSV has all of them.
Table 74 after “The following table is a summary of other guarantees and contingent liabilities of the Company at September 30, 2026:”
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| (Dollars in Millions) | Collateral Held | Carrying Amount | Maximum Potential Future Payments | | |
| Standby letters of credit | $— | | $26 | $13,094 | |
| Securities lending indemnifications | 8,920 | | — | 8,652 | |
| Asset sales | — | | 139 | 18,336 | (a) |
| Merchant processing | 395 | | 50 | 157,298 | |
| Other | — | | 20 | 3,398 | |
Table 75 after “Business segment results for the three months ended September 30 were as follows:”
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| Wealth, Corporate, Commercial and Institutional Banking | Consumer and Business Banking | Payment Services | Treasury and Corporate Support | Consolidated Company | | | | | | | | | | |
| (Dollars in Millions) | 2026 | 2025 | 2026 | 2025 | 2026 | 2025 | 2026 | 2025 | 2026 | 2025 | | | | | |
| Condensed Income Statement | | | | | | | | | | | | | | | |
| Net interest income (taxable-equivalent basis)(a) | $1,971 | | $1,761 | | $1,878 | | $1,851 | | $834 | | $781 | $(193) | $(142) | $4,490 | $4,251 |
| Noninterest income(b)(c) | 2,026 | | 1,572 | | 526 | | 564 | | 1,034 | | 973 | (106) | (31) | 3,480 | 3,078 |
| Total net revenue(d) | 3,997 | | 3,333 | | 2,404 | | 2,415 | | 1,868 | | 1,754 | (299) | (173) | 7,970 | 7,329 |
| Compensation and employee benefits | 734 | | 565 | | 583 | | 587 | | 244 | | 231 | 1,192 | 1,178 | 2,753 | 2,561 |
| Other intangibles | 52 | | 46 | | 51 | | 59 | | 24 | | 20 | — | — | 127 | 125 |
First 8 of 27 rows. The CSV has all of them.
Table 76 after “Business segment results for the nine months ended September 30 were as follows:”
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| Wealth, Corporate, Commercial and Institutional Banking | Consumer and Business Banking | Payment Services | Treasury and Corporate Support | Consolidated Company | | | | | | | | | | |
| (Dollars in Millions) | 2026 | 2025 | 2026 | 2025 | 2026 | 2025 | 2026 | 2025 | 2026 | 2025 | | | | | |
| Condensed Income Statement | | | | | | | | | | | | | | | |
| Net interest income (taxable-equivalent basis)(a) | $5,768 | | $5,177 | | $5,516 | | $5,466 | | $2,402 | | $2,253 | $(518) | $(443) | $13,168 | $12,453 |
| Noninterest income(b)(c) | 5,467 | | 4,489 | | 1,579 | | 1,623 | | 2,997 | | 2,869 | (241) | (143) | 9,802 | 8,838 |
| Total net revenue(d) | 11,235 | | 9,666 | | 7,095 | | 7,089 | | 5,399 | | 5,122 | (759) | (586) | 22,970 | 21,291 |
| Compensation and employee benefits | 1,987 | | 1,693 | | 1,740 | | 1,761 | | 721 | | 669 | 3,618 | 3,675 | 8,066 | 7,798 |
| Other intangibles | 136 | | 138 | | 154 | | 176 | | 61 | | 58 | — | — | 351 | 372 |
First 8 of 27 rows. The CSV has all of them.
| For the Three Months Ended September 30 | | | | | | | | | |
| 2026 | 2025 | 2026 v 2025 | | | | | | | |
| (Dollars in Millions) (Unaudited) | Average Balances | Interest | Yields and Rates | Average Balances | Interest | Yields and Rates | % Change Average Balances | | | |
| Assets | | | | | | | | | | |
| Investment securities(b) | $166,350 | | $1,316 | | 3.16% | | $173,423 | $1,412 | 3.26% | (4.1)% |
| Loans held for sale | 2,681 | | 41 | | 6.23 | | 2,253 | 35 | 6.39 | 19.0 |
| Loans(c) | | | | | | | | | | |
| Commercial | 155,360 | | 1,983 | | 5.07 | | 138,356 | 1,929 | 5.53 | 12.3 |
First 8 of 52 rows. The CSV has all of them.
| For the Nine Months Ended September 30 | | | | | | | | | |
| 2026 | 2025 | 2026 v 2025 | | | | | | | |
| (Dollars in Millions) (Unaudited) | Average Balances | Interest | Yields and Rates | Average Balances | Interest | Yields and Rates | % Change Average Balances | | | |
| Assets | | | | | | | | | | |
| Investment securities(b) | $169,431 | | $3,999 | | 3.15% | | $172,489 | $4,113 | 3.18% | (1.8)% |
| Loans held for sale | 2,598 | | 119 | | 6.12 | | 2,975 | 122 | 5.49 | (12.7) |
| Loans(c) | | | | | | | | | | |
| Commercial | 153,023 | | 5,813 | | 5.08 | | 135,899 | 5,646 | 5.55 | 12.6 |
First 8 of 52 rows. The CSV has all of them.
| 3.1 | Restated Certificate of Incorporation (incorporated by reference to Exhibit 3.4 to the Company’s Form 8-K filed on April 20, 2022). |
| 3.2 | Amended and Restated Bylaws (incorporated by reference to Exhibit 3.1 to the Company’s Form 8-K filed on October 19, 2023). |
| 3.3 | Certificate of Designations with respect to Series P Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, dated October 29, 2026 (incorporated by reference to Exhibit 4.1 to the Company’s Form 8-K filed on October 30, 2026). |
| 31.1 | Certification of Chief Executive Officer pursuant to Rule 13a-14(a) under the Securities Exchange Act of 1934. |
| 31.2 | Certification of Chief Financial Officer pursuant to Rule 13a-14(a) under the Securities Exchange Act of 1934. |
| 32 | Certification of Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. section 1350 as adopted pursuant to section 906 of the Sarbanes-Oxley Act of 2002. |
| 101 | The following financial statements from the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2026, formatted in Inline XBRL: (i) Consolidated Balance Sheet, (ii) Consolidated Statement of Income, (iii) Consolidated Statement of Comprehensive Income, (iv) Consolidated Statement of Shareholders’ Equity, (v) Consolidated Statement of Cash Flows and (vi) Notes to Consolidated Financial Statements, tagged as blocks of text and including detailed tags. |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document and included in Exhibit 101). |