U.S. Bancorp (LON:0LHY)

U.S. Bancorp Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Interest Income on Loans	22,533	23,182	22,471	13,804	10,979
Interest Income on Investments	8,437	8,484	7,536	4,141	2,508
Total Interest Income	30,970	31,666	30,007	17,945	13,487
Interest Paid on Deposits	10,151	11,688	8,775	1,872	320
Interest Paid on Borrowings	4,170	3,689	3,836	1,345	673
Total Interest Expense	14,321	15,377	12,611	3,217	993
Net Interest Income	16,649	16,289	17,396	14,728	12,494
Net Interest Income Growth (YoY)	2.21%	-6.36%	18.12%	17.88%	-2.58%
Trust Income	2,869	2,660	2,459	2,209	1,832
Mortgage Banking Activities	645	627	540	527	1,361
Gain (Loss) on Sale of Investments	-61	-154	-145	20	103
Other Non-Interest Income	5,401	4,981	4,827	3,890	4,086
Total Non-Interest Income	11,891	11,046	10,617	9,456	10,227
Non-Interest Income Growth (YoY)	7.65%	4.04%	12.28%	-7.54%	0.04%
Revenues Before Loan Losses	28,540	27,335	28,013	24,184	22,721
Provision for Loan Losses	2,186	2,238	2,275	1,977	-1,173
Revenue	26,354	25,097	25,738	22,207	23,894
Revenue Growth (YoY)	5.01%	-2.49%	15.90%	-7.06%	24.18%
Salaries and Employee Benefits	10,327	10,322	10,192	8,955	8,521
Occupancy Expenses	1,227	717	770	706	684
Amortization of Goodwill & Intangibles	498	569	636	215	159
Selling, General & Administrative	3,384	3,945	4,055	3,303	3,157
Other Non-Interest Expense	1,401	1,480	2,211	1,398	1,207
Total Non-Interest Expense	16,837	17,033	17,864	14,577	13,728
EBT Excluding Unusual Items	9,517	8,064	7,874	7,630	10,166
Pretax Income	9,517	7,909	6,865	7,301	10,166
Income Tax Expense	1,921	1,580	1,407	1,463	2,181
Earnings From Continuing Operations	7,596	6,329	5,458	5,838	7,985
Minority Interest in Earnings	-26	-30	-29	-13	-22
Net Income	7,570	6,299	5,429	5,825	7,963
Preferred Dividends & Other Adjustments	376	390	378	324	358
Net Income to Common	7,194	5,909	5,051	5,501	7,605
Net Income Growth	20.18%	16.02%	-6.80%	-26.85%	60.58%
Basic Shares Outstanding	1,557	1,560	1,543	1,489	1,489
Diluted Shares Outstanding	1,558	1,561	1,543	1,490	1,490
Shares Change (YoY)	-0.19%	1.17%	3.56%	-	-1.32%
EPS (Basic)	4.62	3.79	3.27	3.69	5.11
EPS (Diluted)	4.62	3.79	3.27	3.69	5.10
EPS Growth	21.97%	15.83%	-11.38%	-27.65%	66.67%
Dividend Per Share	2.040	1.980	1.930	1.880	1.760
Dividend Growth	3.03%	2.59%	2.66%	6.82%	4.76%
Effective Tax Rate	20.18%	19.98%	20.50%	20.04%	21.45%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.