US BANCORP \DE\ USB Income Statement

Us bancorp \de\ (USB)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09	Sep'08	Jun'08
Interest Income
Loans
13,870	14,099	14,152	13,950	13,565	13,120	12,705	12,401	12,093	11,788	11,466	11,148	10,923	10,777	10,622	10,411	10,210	10,059	10,017	10,015	10,084	10,113	10,167	10,217	10,237	10,277	10,321	10,403	10,482	10,558	10,553	10,524	10,456	10,370	10,301	10,240	10,192	10,145	10,076	9,889	9,719	9,564	9,555	9,611	0	0	0
Loans held for sale
181	162	164	152	157	165	148	152	142	144	148	151	158	154	150	167	196	206	207	183	142	128	118	128	158	203	246	276	289	282	269	235	202	200	223	252	265	246	218	234	258	277	273	235	0	0	0
Investment securities
2,880	2,893	2,873	2,800	2,708	2,616	2,506	2,413	2,315	2,232	2,176	2,123	2,091	2,078	2,054	2,041	2,023	2,001	1,990	1,964	1,920	1,866	1,787	1,731	1,662	1,631	1,638	1,656	1,734	1,792	1,839	1,871	1,860	1,820	1,754	1,684	1,619	1,601	1,600	1,574	1,582	1,606	1,688	1,808	0	0	0
Other interest income
328	340	361	334	303	272	233	207	194	182	167	151	134	125	123	127	133	136	134	126	121	121	122	129	139	174	208	237	257	251	246	250	253	249	234	213	189	166	145	122	105	91	105	125	0	0	0
Total interest income
17,259	17,494	17,550	17,236	16,733	16,173	15,592	15,173	14,744	14,346	13,957	13,573	13,306	13,134	12,949	12,746	12,562	12,402	12,348	12,288	12,267	12,228	12,194	12,205	12,196	12,285	12,413	12,572	12,762	12,883	12,907	12,880	12,771	12,639	12,512	12,389	12,265	12,158	12,039	11,819	11,664	11,538	11,621	11,779	0	0	0
Interest Expense
Deposits
2,685	2,855	2,807	2,554	2,219	1,869	1,574	1,376	1,187	1,041	900	768	682	622	565	517	478	457	461	463	464	465	476	495	525	561	594	632	665	691	724	754	787	840	878	907	926	928	961	1,029	1,114	1,202	1,362	1,521	0	0	0
Short-term borrowings
338	360	394	401	396	378	310	245	192	141	-13	18	51	92	257	253	249	245	248	254	255	263	287	313	337	353	359	364	404	442	477	517	521	531	541	547	553	548	541	530	524	539	688	813	0	0	0
Long-term debt
1,220	1,227	1,201	1,163	1,108	1,007	917	836	797	784	772	772	762	754	735	709	697	699	713	721	725	725	723	723	733	767	806	854	929	1,005	1,071	1,134	1,158	1,145	1,141	1,125	1,107	1,103	1,094	1,134	1,203	1,279	1,430	1,536	0	0	0
Total interest expense
4,243	4,442	4,402	4,118	3,723	3,254	2,801	2,457	2,176	1,966	1,659	1,558	1,495	1,468	1,557	1,479	1,424	1,401	1,422	1,438	1,444	1,453	1,486	1,531	1,595	1,681	1,759	1,850	1,998	2,138	2,272	2,405	2,466	2,516	2,560	2,579	2,586	2,579	2,596	2,693	2,841	3,020	3,480	3,870	0	0	0
Net interest income
13,016	13,052	13,148	13,118	13,010	12,919	12,791	12,716	12,568	12,380	12,298	12,015	11,811	11,666	11,392	11,267	11,138	11,001	10,926	10,850	10,823	10,775	10,708	10,674	10,601	10,604	10,654	10,722	10,764	10,745	10,635	10,475	10,305	10,123	9,952	9,810	9,679	9,579	9,443	9,126	8,823	8,518	8,141	7,909	0	0	0
Provision for credit losses
2,120	1,504	1,477	1,453	1,415	1,379	1,346	1,363	1,386	1,390	1,397	1,362	1,339	1,324	1,287	1,244	1,198	1,132	1,115	1,144	1,187	1,229	1,218	1,205	1,243	1,340	1,506	1,696	1,804	1,882	1,936	1,967	2,069	2,343	2,758	3,234	3,801	4,356	4,832	5,293	5,549	5,557	4,917	4,057	0	0	0
Net interest income after provision for credit losses
10,896	11,548	11,671	11,665	11,595	11,540	11,445	11,353	11,182	10,990	10,901	10,653	10,472	10,342	10,105	10,023	9,940	9,869	9,811	9,706	9,636	9,546	9,490	9,469	9,358	9,264	9,148	9,026	8,960	8,863	8,699	8,508	8,236	7,780	7,194	6,576	5,878	5,223	4,611	3,833	3,274	2,961	3,224	3,852	0	0	0
Noninterest Income
Credit and debit card revenue
1,413	1,413	1,417	1,395	1,381	1,401	1,361	1,335	1,314	1,289	1,292	1,273	1,239	1,206	1,155	1,125	1,095	1,070	1,048	1,030	1,023	1,021	1,012	1,005	990	965	944	913	904	892	881	957	1,008	1,073	1,135	1,120	1,100	1,091	1,071	1,064	1,057	1,055	1,051	1,050	0	0	0
Corporate payment products revenue
647	664	669	661	652	644	629	610	592	575	427	467	508	541	711	711	708	708	712	717	721	724	716	713	707	706	718	727	741	744	737	739	734	734	736	724	717	710	703	693	683	669	682	675	0	0	0
Merchant processing services
1,560	1,601	1,581	1,563	1,546	1,531	1,516	1,501	1,495	1,486	1,422	1,457	1,479	1,498	1,581	1,569	1,561	1,547	1,538	1,525	1,514	1,511	1,494	1,478	1,467	1,458	1,445	1,419	1,405	1,395	1,419	1,412	1,391	1,355	1,300	1,280	1,262	1,253	1,242	1,224	1,182	1,148	1,136	1,145	0	0	0
ATM processing services
-	-	-	-	-	-	-	-	-	-	249	259	268	277	330	324	320	318	319	319	321	321	320	322	323	327	331	335	341	346	374	402	427	452	446	436	430	423	419	417	413	410	403	393	0	0	0
Trust and investment management fees
1,701	1,673	1,644	1,634	1,620	1,619	1,604	1,573	1,552	1,522	1,496	1,478	1,456	1,427	1,395	1,362	1,338	1,321	1,307	1,293	1,270	1,252	1,227	1,192	1,165	1,139	1,118	1,103	1,081	1,055	1,024	1,000	996	1,000	1,037	1,063	1,072	1,080	1,075	1,101	1,138	1,168	1,220	1,277	0	0	0
Deposit service charges
901	909	931	980	1,026	1,070	1,314	1,218	1,124	1,035	705	710	710	706	721	714	709	702	700	700	697	693	690	685	674	670	663	657	653	653	654	663	669	659	632	609	646	710	804	900	951	970	1,018	1,040	0	0	0
Treasury management fees
575	578	581	588	590	594	603	610	615	618	613	607	594	583	575	571	566	561	558	551	549	545	539	537	537	538	538	539	541	541	544	546	548	551	552	554	555	555	553	555	552	552	548	544	0	0	0
Commercial products revenue
961	934	933	909	894	895	894	918	927	954	1,047	1,026	1,021	971	876	888	864	867	864	842	849	854	878	876	864	859	842	860	867	878	872	859	861	841	829	814	801	771	748	708	647	615	562	522	0	0	0
Mortgage banking revenue
1,100	874	801	703	705	720	751	790	811	834	872	973	999	979	950	860	853	906	930	966	1,013	1,009	1,005	1,073	1,191	1,356	1,601	1,792	1,886	1,937	1,764	1,490	1,239	986	933	998	1,002	1,003	971	937	1,002	1,035	878	683	0	0	0
Investment products fees
190	186	186	187	187	188	185	180	177	173	177	176	171	169	164	169	178	185	190	193	192	191	187	184	183	178	172	164	156	150	142	135	132	129	127	123	118	111	109	109	106	109	119	129	0	0	0
Realized gains (losses), net
-	-	-	-	-	-	-	-	-	-	-	-	-	27	0	0	0	-	-	-	-	-	-	0	-	23	34	50	62	59	48	32	12	4	-6	3	2	13	42	34	103	147	126	139	0	0	0
Total other-than-temporary impairment
-	-	-	-	-	-	-	-	-	-	-	-	-	6	5	0	0	-	0	-	-	-	0	0	-	6	6	17	54	62	80	78	58	60	227	244	255	157	1,831	1,655	1,294	1,000	-1,271	-1,200	0	0	0
Portion of other-than-temporary impairment recognized in other comprehensive income (loss)
-	-	-	-	-	-	-	-	-	-	-	-	-	-1	0	0	0	-	-	-	-	-	-	0	-	8	10	10	0	-	0	0	-	-25	113	101	102	66	-275	-336	-570	-402	0	0	0	0	0
Securities gains (losses), net
118	73	52	37	30	30	35	34	33	57	53	54	48	22	0	0	0	-	0	-	-	3	3	3	9	9	9	-7	0	-	0	0	-	-31	-36	-36	-49	-78	-222	-289	-287	-451	-704	-691	0	0	0
Other
899	926	1,098	1,040	990	910	805	773	761	774	738	716	907	911	1,011	1,068	892	907	956	904	1,063	1,040	879	817	607	569	564	642	680	743	1,037	1,030	1,008	1,011	860	805	800	731	681	718	638	672	435	380	0	0	0
Total noninterest income
10,065	9,831	9,893	9,697	9,621	9,602	9,474	9,396	9,330	9,317	9,091	9,196	9,400	9,290	9,486	9,367	9,087	9,092	9,122	9,038	9,210	9,164	8,950	8,885	8,717	8,774	8,947	9,166	9,245	9,319	9,421	9,196	8,987	8,760	8,551	8,490	8,454	8,360	8,154	8,137	8,082	7,952	7,348	7,147	0	0	0
Noninterest Expense
Compensation
6,386	6,325	6,296	6,230	6,198	6,162	6,093	6,004	5,878	5,746	5,604	5,493	5,354	5,212	5,067	4,963	4,882	4,812	4,751	4,658	4,587	4,523	4,475	4,431	4,404	4,371	4,351	4,372	4,350	4,320	4,294	4,206	4,134	4,041	3,983	3,935	3,877	3,779	3,596	3,392	3,210	3,135	3,082	3,074	0	0	0
Employee benefits
1,305	1,286	1,279	1,249	1,234	1,231	1,214	1,188	1,163	1,134	993	1,005	1,009	1,008	1,130	1,135	1,150	1,167	1,140	1,105	1,069	1,041	1,071	1,099	1,119	1,140	1,096	1,043	995	945	916	894	875	845	814	782	744	694	668	631	599	574	554	549	0	0	0
Net occupancy and equipment
1,122	1,123	1,103	1,094	1,075	1,063	1,056	1,044	1,037	1,019	1,007	999	987	988	987	988	992	991	993	991	985	987	979	970	963	949	943	936	932	917	932	951	970	999	987	964	941	919	896	870	852	836	821	808	0	0	0
Professional services
458	454	448	430	419	407	388	396	406	419	461	484	500	502	471	459	444	423	430	417	408	414	400	392	386	381	429	479	524	530	495	451	397	383	349	327	318	306	290	275	261	255	235	231	0	0	0
Marketing and business development
411	426	424	421	421	429	565	551	549	542	398	408	448	435	424	421	368	361	394	373	373	382	356	363	363	357	357	368	352	388	397	403	413	369	363	369	365	360	359	388	382	378	348	277	0	0	0
Technology and communications
1,127	1,095	1,058	1,028	1,000	978	960	940	921	903	827	843	861	877	947	926	906	887	876	873	866	863	853	848	848	848	853	844	831	821	802	786	774	758	750	747	744	744	743	732	703	673	640	614	0	0	0
Postage, printing and supplies
290	290	299	309	316	324	323	321	322	323	319	317	313	311	310	307	294	297	309	313	329	328	322	317	315	310	308	307	306	304	303	304	303	303	304	302	301	301	293	291	288	288	291	292	0	0	0
Other intangibles
170	168	165	164	162	161	164	167	170	175	176	177	178	179	180	177	176	174	179	188	193	199	204	208	215	223	233	245	260	274	282	290	295	299	314	329	345	367	385	389	393	387	368	361	0	0	0
Other
1,745	1,618	1,592	1,639	1,671	1,709	2,320	2,426	2,490	2,529	1,961	1,953	2,037	2,015	1,965	1,949	1,803	1,819	1,854	1,847	2,026	1,978	1,933	1,916	1,735	1,695	1,708	1,728	1,816	1,957	2,045	2,048	1,996	1,914	1,836	1,854	1,926	1,913	1,896	1,826	1,858	1,755	1,527	1,425	0	0	0
Total noninterest expense
13,014	12,785	12,664	12,564	12,496	12,464	13,083	13,037	12,936	12,790	11,746	11,679	11,687	11,527	11,481	11,325	11,015	10,931	10,926	10,765	10,836	10,715	10,593	10,544	10,348	10,274	10,278	10,322	10,366	10,456	10,466	10,333	10,157	9,911	9,700	9,609	9,561	9,383	9,126	8,794	8,546	8,281	7,866	7,631	0	0	0
Income before income taxes
7,947	8,594	8,900	8,798	8,720	8,678	7,836	7,712	7,576	7,517	8,246	8,170	8,185	8,105	8,110	8,065	8,012	8,030	8,007	7,979	8,010	7,995	7,847	7,810	7,727	7,764	7,817	7,870	7,839	7,726	7,654	7,371	7,066	6,629	6,045	5,457	4,771	4,200	3,639	3,176	2,810	2,632	2,706	3,368	0	0	0
Applicable income taxes
1,530	1,648	1,585	1,578	1,570	1,554	888	1,017	1,127	1,264	2,188	2,165	2,156	2,161	2,168	2,136	2,122	2,097	2,062	2,051	2,070	2,087	1,969	1,988	1,970	2,032	2,181	2,232	2,267	2,236	2,211	2,108	2,002	1,841	1,629	1,399	1,140	935	728	554	455	395	485	785	0	0	0
Net income
6,417	6,946	7,315	7,220	7,150	7,124	6,948	6,695	6,449	6,253	6,058	6,005	6,029	5,944	5,942	5,929	5,890	5,933	5,945	5,928	5,940	5,908	5,878	5,822	5,757	5,732	5,636	5,638	5,572	5,490	5,443	5,263	5,064	4,788	4,416	4,058	3,631	3,265	2,911	2,622	2,355	2,237	2,221	2,583	0	0	0
Net (income) loss attributable to noncontrolling interests
31	32	31	29	30	28	26	25	29	35	44	52	54	56	56	56	56	54	54	55	55	57	59	6	-48	-104	-164	-168	-165	-157	-134	-113	-100	-84	-80	-73	-63	-52	-34	-18	10	32	42	57	0	0	0
Net income attributable to U.S. Bancorp
6,386	6,914	7,284	7,191	7,120	7,096	6,922	6,670	6,420	6,218	6,014	5,953	5,975	5,888	5,886	5,873	5,834	5,879	5,891	5,873	5,885	5,851	5,819	5,816	5,805	5,836	5,800	5,806	5,737	5,647	5,577	5,376	5,164	4,872	4,496	4,131	3,694	3,317	2,945	2,640	2,345	2,205	2,179	2,526	0	0	0
Net income applicable to U.S. Bancorp common shareholders
6,058	6,583	6,952	6,863	6,800	6,784	6,618	6,371	6,123	5,913	5,693	5,642	5,647	5,589	5,602	5,590	5,572	5,608	5,624	5,607	5,617	5,583	5,552	5,547	5,525	5,552	5,512	5,516	5,456	5,383	5,348	5,181	5,003	4,721	4,358	3,992	3,687	3,332	2,961	2,673	2,032	1,803	1,780	2,123	0	0	0
Earnings per common share
0.72	0.90	1.16	1.09	1.01	1.10	1.06	1.02	0.97	0.97	0.89	0.85	0.82	0.81	0.84	0.83	0.77	0.80	0.81	0.80	0.77	0.80	0.78	0.79	0.73	0.77	0.76	0.76	0.73	0.72	0.74	0.71	0.68	0.69	0.65	0.61	0.52	0.49	0.46	0.45	0.34	0.30	0.31	0.12	0.24	0.32	0.53
Diluted earnings per common share
0.72	0.92	1.15	1.09	1.00	1.10	1.06	1.02	0.96	0.96	0.88	0.85	0.82	0.81	0.84	0.83	0.76	0.79	0.81	0.80	0.76	0.79	0.78	0.78	0.73	0.75	0.76	0.76	0.73	0.72	0.74	0.71	0.67	0.70	0.64	0.60	0.52	0.49	0.45	0.45	0.34	0.31	0.30	0.12	0.24	0.32	0.53
Dividends declared per common share
-	-	-	-	-	-	-	-	-	-	0.30	0.28	0.28	-	0.28	0.25	0.25	0.25	0.25	0.25	0.24	0.24	0.24	0.24	0.23	0.23	0.23	0.23	0.19	0.19	0.19	0.19	0.19	0.12	0.12	0.12	0.12	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.42	0.42
Average common shares outstanding
1,518	1,557	1,575	1,590	1,602	1,613	1,629	1,642	1,652	1,658	1,672	1,684	1,694	1,700	1,710	1,725	1,737	1,746	1,758	1,771	1,781	1,785	1,798	1,811	1,818	1,823	1,832	1,843	1,858	1,873	1,886	1,888	1,901	1,902	1,915	1,921	1,918	1,913	1,913	1,912	1,910	1,909	1,908	1,833	1,754	1,743	1,740
Average diluted common shares outstanding
1,519	1,557	1,578	1,592	1,605	1,616	1,633	1,646	1,657	1,663	1,678	1,690	1,701	1,706	1,716	1,731	1,743	1,754	1,766	1,779	1,789	1,796	1,807	1,821	1,828	1,833	1,843	1,853	1,867	1,879	1,897	1,898	1,910	1,913	1,922	1,929	1,928	1,924	1,920	1,921	1,919	1,919	1,917	1,840	1,760	1,756	1,755