Balance Sheet US Bancorp

Equities

USB

US9029733048

Banks

Market Closed - Nyse Other stock markets 01:30:01 12/09/2024 am IST			5-day change	1st Jan Change
44.75 ^USD	-0.62%		-2.84%	+3.40%

11/09	Goldman Sachs Trims Price Target on U.S. Bancorp to $46 From $48	MT
05/09	Adtalem Global Education Inc. Appoints Sara Hill as Chief Human Resources Officer, Effective September 9, 2024	CI

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Published financial data: US BANCORP

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Interest Income On Loans	1.43TCr	1.22TCr	1.1TCr	1.38TCr	2.25TCr
Interest Income On Investments	323.3Cr	260.6Cr	250.8Cr	414.1Cr	753.6Cr
Interest Income, Total	1.75TCr	1.48TCr	1.35TCr	1.79TCr	3TCr
Interest On Deposits	285.5Cr	95Cr	32Cr	187.2Cr	877.5Cr
Total Interest On Borrowings	158.7Cr	106.5Cr	67Cr	134.5Cr	383.6Cr
Interest Expense, Total	444.2Cr	201.5Cr	99Cr	321.7Cr	1.26TCr
Net Interest Income	1.31TCr	1.28TCr	1.25TCr	1.47TCr	1.74TCr
Service Charges On Deposits	91Cr	68Cr	72Cr	129.8Cr	130.6Cr
Trust Income	167.3Cr	173.6Cr	183.2Cr	220.9Cr	245.9Cr
Credit Card Fee	141.3Cr	133.8Cr	150.7Cr	151.2Cr	163Cr
Total Mortgage Banking Activities	87Cr	206.4Cr	136.1Cr	53Cr	54Cr
Gain (Loss) on Sale of Assets	-	-	-	-	-
Gain (Loss) on Sale of Invest. & Securities - (Rev)	-17Cr	-10L	-2.9Cr	-4.5Cr	-14Cr
Total Other Non Interest Income	488.9Cr	440.9Cr	470Cr	389Cr	482.7Cr
Non Interest Income, Total	959.2Cr	1.02TCr	1.01TCr	939.1Cr	1.06TCr
Revenues Before Provison For Loan Losses	2.26TCr	2.3TCr	2.26TCr	2.41TCr	2.8TCr
Provision For Loan Losses	150.4Cr	380.6Cr	-117.3Cr	197.7Cr	227.5Cr
Total Revenues	2.11TCr	1.92TCr	2.38TCr	2.21TCr	2.57TCr
Salaries And Other Employee Benefits	743.3Cr	774.9Cr	852.1Cr	895.5Cr	1.02TCr
Amort. of Goodwill & Intang. Assets	17Cr	18Cr	16Cr	22Cr	64Cr
Occupancy Expense	73Cr	72Cr	68Cr	71Cr	77Cr
Selling General & Admin Expenses, Total	283.7Cr	289.3Cr	315.7Cr	330.3Cr	405.5Cr
Total Other Non Interest Expense	137.9Cr	165.5Cr	107.5Cr	133.3Cr	221.1Cr
Non Interest Expense, Total	1.25TCr	1.32TCr	1.36TCr	1.45TCr	1.79TCr
EBT, Excl. Unusual Items	859.4Cr	605.1Cr	1.02TCr	763Cr	787.4Cr
Total Merger & Related Restructuring Charges	-	-	-	-33Cr	-100.9Cr
EBT, Incl. Unusual Items	859.4Cr	605.1Cr	1.02TCr	730.1Cr	686.5Cr
Income Tax Expense	164.8Cr	106.6Cr	218.1Cr	146.3Cr	140.7Cr
Earnings From Continuing Operations	694.6Cr	498.5Cr	798.5Cr	583.8Cr	545.8Cr
Net Income to Company	694.6Cr	498.5Cr	798.5Cr	583.8Cr	545.8Cr
Minority Interest	-3.2Cr	-2.6Cr	-2.2Cr	-1.3Cr	-2.9Cr
Net Income - (IS)	691.4Cr	495.9Cr	796.3Cr	582.5Cr	542.9Cr
Preferred Dividend and Other Adjustments	33Cr	34Cr	36Cr	32Cr	38Cr
Net Income to Common Incl Extra Items	658.3Cr	462.1Cr	760.5Cr	550.1Cr	505.1Cr
Net Income to Common Excl. Extra Items	658.3Cr	462.1Cr	760.5Cr	550.1Cr	505.1Cr
Per Share Items
Net EPS - Basic	4.16	3.06	5.11	3.69	3.27
Basic EPS - Continuing Operations	4.16	3.06	5.11	3.69	3.27
Basic Weighted Average Shares Outstanding	158.1Cr	150.9Cr	148.9Cr	148.9Cr	154.3Cr
Net EPS - Diluted	4.16	3.06	5.1	3.69	3.27
Diluted EPS - Continuing Operations	4.16	3.06	5.1	3.69	3.27
Diluted Weighted Average Shares Outstanding	158.3Cr	151Cr	149Cr	149Cr	154.3Cr
Normalized Basic EPS	3.38	2.49	4.25	3.19	3.17
Normalized Diluted EPS	3.37	2.49	4.25	3.19	3.17
Dividend Per Share	1.58	1.68	1.76	1.88	1.93
Payout Ratio	39.7	57.51	36.26	52.79	60.99
American Depositary Receipts Ratio (ADR)	0.25	0.25	0.25	0.25	0.25
Supplemental Items
Effective Tax Rate - (Ratio)	19.18	17.62	21.45	20.04	20.5
Current Domestic Taxes	154.1Cr	150.1Cr	160.1Cr	176.7Cr	191.6Cr
Total Current Taxes	154.1Cr	150.1Cr	160.1Cr	176.7Cr	191.6Cr
Deferred Domestic Taxes	11Cr	-44Cr	58Cr	-30Cr	-51Cr
Total Deferred Taxes	11Cr	-44Cr	58Cr	-30Cr	-51Cr
Normalized Net Income	533.92Cr	375.59Cr	633.18Cr	475.58Cr	489.22Cr
Non-Cash Pension Expense	-3.6Cr	-3.4Cr	-6.4Cr	-9.5Cr	-17Cr
Supplemental Operating Expense Items
Stock-Based Comp., SG&A Exp. (Total)	18Cr	19Cr	21Cr	20Cr	22Cr
Total Stock-Based Compensation	18Cr	19Cr	21Cr	20Cr	22Cr

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	1.92TCr	6.25TCr	2.88TCr	5.35TCr	6.11TCr
Investment Securities, Total	3.32TCr	3.69TCr	5.19TCr	4.35TCr	4.45TCr
Trading Asset Securities, Total	191.5Cr	412.7Cr	227.8Cr	244.5Cr	286.5Cr
Mortgage Backed Securities	9.56TCr	11TCr	13TCr	12TCr	12TCr
Total investments	13TCr	15TCr	18TCr	17TCr	16TCr
Gross Loans	30TCr	30TCr	31TCr	39TCr	37TCr
Allowance For Loan Losses	-402Cr	-731.4Cr	-572.4Cr	-693.6Cr	-737.9Cr
Other Adjustments to Gross Loans	-	-	-	-	-
Net Loans	29TCr	29TCr	31TCr	38TCr	37TCr
Gross Property Plant And Equipment	865.6Cr	861.8Cr	825.3Cr	892.7Cr	825.9Cr
Accumulated Depreciation	-495.4Cr	-515Cr	-494.8Cr	-506.9Cr	-463.6Cr
Net Property Plant And Equipment	370.2Cr	346.8Cr	330.5Cr	385.8Cr	362.3Cr
Goodwill	965.5Cr	991.8Cr	1.03TCr	1.24TCr	1.25TCr
Other Intangibles, Total	68Cr	65Cr	78Cr	340Cr	270.7Cr
Loans Held For Sale	557.8Cr	876.1Cr	777.5Cr	220Cr	220.1Cr
Restricted Cash	320Cr	7.3Cr	7.8Cr	4.5Cr	5.3Cr
Other Current Assets, Total	95Cr	125.5Cr	119.3Cr	70Cr	354.8Cr
Other Real Estate Owned And Foreclosed	14Cr	7.4Cr	4.4Cr	4.4Cr	4.5Cr
Other Long-Term Assets, Total	2.95TCr	3.04TCr	3.31TCr	4.77TCr	4.77TCr
Total Assets	50TCr	55TCr	57TCr	67TCr	66TCr
Liabilities
Interest Bearing Deposits	25TCr	29TCr	31TCr	38TCr	41TCr
Institutional Deposits	3.23TCr	2.22TCr	1.14TCr	1.2TCr	1.53TCr
Non-Interest Bearing Deposits	7.56TCr	12TCr	13TCr	14TCr	9TCr
Total Deposits	36TCr	43TCr	46TCr	52TCr	51TCr
Short-Term Borrowings	2.46TCr	1.31TCr	1.31TCr	3.74TCr	1.99TCr
Current Portion of Long-Term Debt	-	-	130Cr	-	666.3Cr
Current Portion of Leases	31Cr	31Cr	30Cr	40Cr	42Cr
Long-Term Debt	3.57TCr	3.69TCr	2.74TCr	3.46TCr	3.26TCr
Federal Home Loan Bank Debt - Long-Term	437.8Cr	427.5Cr	327.4Cr	505.1Cr	1.21TCr
Long-Term Leases	110.3Cr	100.2Cr	98Cr	127.9Cr	113.8Cr
Trust Preferred Securities (BS)	-	-	-	-	-
Other Non Current Liabilities	1.49TCr	1.48TCr	1.54TCr	1.99TCr	2.27TCr
Total Liabilities	44TCr	50TCr	52TCr	62TCr	61TCr
Preferred Stock Redeemable	598.4Cr	598.3Cr	637.1Cr	680.8Cr	680.8Cr
Total Preferred Equity	598.4Cr	598.3Cr	637.1Cr	680.8Cr	680.8Cr
Common Stock, Total	2.1Cr	2.1Cr	2.1Cr	2.1Cr	2.1Cr
Additional Paid In Capital	847.5Cr	851.1Cr	853.9Cr	871.2Cr	867.3Cr
Retained Earnings	6.32TCr	6.42TCr	6.92TCr	7.19TCr	7.4TCr
Treasury Stock	-2.44TCr	-2.59TCr	-2.73TCr	-2.53TCr	-2.41TCr
Comprehensive Income and Other	-137.3Cr	32Cr	-194.3Cr	-1.14TCr	-1.01TCr
Total Common Equity	4.59TCr	4.71TCr	4.85TCr	4.4TCr	4.85TCr
Minority Interest	63Cr	63Cr	47Cr	47Cr	46Cr
Total Equity	5.25TCr	5.37TCr	5.54TCr	5.12TCr	5.58TCr
Total Liabilities And Equity	50TCr	55TCr	57TCr	67TCr	66TCr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	152.25Cr	150.21Cr	148.39Cr	153.1Cr	155.81Cr
ECS Total Common Shares Outstanding	153.42Cr	150.71Cr	148.35Cr	153.1Cr	155.8Cr
Book Value / Share	29.9	31.26	32.72	28.71	31.13
Tangible Book Value	3.55TCr	3.65TCr	3.75TCr	2.82TCr	3.33TCr
Tangible Book Value Per Share	23.16	24.25	25.28	18.41	21.37
Tangible Book Value Per Share (As Reported)	-	-	-	-	22.3
Average Assets	48TCr	53TCr	56TCr	59TCr	66TCr
Average Loans	29TCr	31TCr	30TCr	34TCr	38TCr
Total Debt	6.61TCr	5.56TCr	4.64TCr	7.87TCr	7.28TCr
Debt Equivalent of Unfunded Proj. Benefit Obligation	99Cr	31Cr	-8.3Cr	-76Cr	-50Cr
Net Debt	4.5TCr	-1.1TCr	1.53TCr	2.28TCr	875Cr
Full Time Employees	69.65T	68.11T	68.8T	76.65T	75.46T
Number Of Offices	2.8T	2.43T	2.23T	2.49T	2.27T
Assets under Capital Lease - Gross	-	-	-	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	691.4Cr	495.9Cr	796.3Cr	582.5Cr	542.9Cr
Depreciation, Depletion & Amortization	33Cr	35Cr	34Cr	34Cr	38Cr
Amortization of Goodwill and Intangible Assets - (CF)	17Cr	18Cr	16Cr	22Cr	64Cr
Total Depreciation, Depletion & Amortization	50Cr	53Cr	50Cr	56Cr	101.8Cr
Gain (Loss) on Sale of Loans & Receivables - (CF)	-76Cr	-219.3Cr	-113.5Cr	39Cr	70L
(Gain) Loss on Sale of Investments - (CF)	-47Cr	-34Cr	-40Cr	-19Cr	12Cr
Provision for Credit Losses	150.4Cr	380.6Cr	-117.3Cr	197.7Cr	227.5Cr
Net (Increase) Decrease in Loans Originated / Sold - Operating	-325.8Cr	-198.1Cr	168.8Cr	576.8Cr	-25Cr
Other Operating Activities	46Cr	-105.8Cr	242.8Cr	679Cr	-15Cr
Cash from Operations	488.9Cr	371.6Cr	987Cr	2.11TCr	844.7Cr
Cash Acquisitions	-	-	-	1.23TCr	-33Cr
Investment in Marketable and Equity Securities, Total	-948.8Cr	-1.18TCr	-4.17TCr	2.56TCr	1.2TCr
Net (Increase) Decrease in Loans Originated / Sold - Investing	-1.08TCr	-302.2Cr	-1.57TCr	-2.5TCr	843Cr
Other Investing Activities, Total	-129.5Cr	-64Cr	30L	-539.2Cr	-118.4Cr
Cash from Investing	-2.16TCr	-1.54TCr	-5.75TCr	750Cr	1.89TCr
Short Term Debt Issued, Total	958.4Cr	-	3Cr	1.52TCr	-
Long-Term Debt Issued, Total	989.9Cr	1.45TCr	262.6Cr	873.2Cr	1.56TCr
Total Debt Issued	1.95TCr	1.45TCr	265.6Cr	2.39TCr	1.56TCr
Short Term Debt Repaid, Total	-	-1.2TCr	-	-	-1.65TCr
Long-Term Debt Repaid, Total	-1.11TCr	-1.45TCr	-1.14TCr	-692.6Cr	-408.4Cr
Total Debt Repaid	-1.11TCr	-2.64TCr	-1.14TCr	-692.6Cr	-2.06TCr
Issuance of Common Stock	8.8Cr	1.5Cr	4.3Cr	2.1Cr	95Cr
Repurchase of Common Stock	-452.5Cr	-167.2Cr	-155.5Cr	-6.9Cr	-6.2Cr
Issuance of Preferred Stock	-	49Cr	222.1Cr	44Cr	-
Repurchase of Preferred Stock	-	-	-125Cr	-110Cr	-
Common Dividends Paid	-244.3Cr	-255.2Cr	-257.9Cr	-277.6Cr	-297Cr
Preferred Dividends Paid	-30Cr	-30Cr	-31Cr	-30Cr	-34Cr
Common & Preferred Stock Dividends Paid	-274.5Cr	-285.2Cr	-288.7Cr	-307.5Cr	-331.1Cr
Net Increase (Decrease) in Deposit Accounts - (CF)	1.64TCr	6.79TCr	2.63TCr	-1.72TCr	-1.23TCr
Other Financing Activities, Total	-	-	-17Cr	-	-
Cash from Financing	1.76TCr	5.19TCr	1.39TCr	-398.2Cr	-1.97TCr
Net Change in Cash	95Cr	4.02TCr	-3.37TCr	2.46TCr	765Cr
Supplemental Items
Cash Interest Paid	440.4Cr	219.9Cr	106.1Cr	271.7Cr	1.23TCr
Cash Income Tax Paid (Refund)	94Cr	102.5Cr	54Cr	77Cr	64Cr
Net Debt Issued / Repaid	836.4Cr	-1.19TCr	-877.6Cr	1.7TCr	-500.9Cr

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	1.44	0.95	1.42	0.94	0.82
Return On Equity %	13.34	9.39	14.64	10.95	10.2
Return on Common Equity	14.48	9.94	15.9	11.89	10.93
Shareholders Value Added	162.72Cr	-44Cr	238.25Cr	70Cr	114.83Cr
Margin Analysis
SG&A Margin	52.03	59.04	52.02	58.55	58.35
Net Interest Income / Total Revenues %	61.74	66.65	52.58	66.52	67.59
EBT Excl. Non-Recurring Items Margin %	40.65	31.45	42.78	34.46	30.59
Income From Continuing Operations Margin %	32.86	25.91	33.6	26.37	21.21
Net Income Margin %	32.71	25.77	33.51	26.31	21.09
Net Avail. For Common Margin %	31.14	24.02	32	24.84	19.62
Normalized Net Income Margin	25.26	19.52	26.65	21.48	19.01
Asset quality
Nonperforming Loans / Total Loans %	0.23	0.41	0.27	0.25	0.39
Nonperforming Loans / Total Assets %	0.14	0.22	0.15	0.14	0.22
Nonperforming Assets / Total Assets %	0.17	0.23	0.15	0.15	0.23
NPAs / Loans and OREO	0.28	0.44	0.28	0.26	0.4
NPAs / Equity	1.58	2.42	1.59	1.98	2.68
Allowance for Credit Losses / Net Charge-offs %	276.48	409.52	839.3	652.49	387.35
Allowance for Credit Losses / Nonperforming Loans %	580.92	597.55	686.33	713.58	509.25
Allowance for Credit Losses / Total Loans %	1.36	2.46	1.83	1.79	1.97
Net Charge-offs / Total Average Loans %	0.49	0.57	0.22	0.32	0.5
Provision for Loan Losses / Net Charge-offs %	103.44	213.1	-171.99	185.98	119.42
Earning Assets / IBL	129.42	132.51	141.17	136.05	127.1
Interest Income / Average Assets	3.68	2.79	2.42	3.03	4.52
Interest Expense / Average Assets	0.93	0.38	0.18	0.54	1.9
Net Interest Income / Average Assets	2.74	2.41	2.24	2.49	2.62
Non Interest Income / Average Assets	2.02	1.92	1.81	1.59	1.6
Non Interest Expense / Average Asset	2.64	2.48	2.44	2.45	2.69
Capital And Funding
Total Average Common Equity / Total Average Assets %	9.44	8.86	8.49	7.41	6.91
Total Average Equity / Total Average Assets %	10.82	10.12	9.68	8.54	8
Total Equity + Allowance for Loan Losses / Total Loans %	18.87	20.29	19.43	14.86	16.77
Gross Loans / Total Deposits %	81.82	69.27	68.41