U.S. Bancorp Website

U.S. Bancorp

NYSE-USB

Income Statement
Dec '14
Dec '15
Dec '16
Dec '17
Dec '18
Dec '19
Dec '20
Dec '21
Dec '22
Dec '23
LTM

Interest Income On Loans

14,261

12,234

10,979

13,804

22,471

23,071

Interest Income On Investments

3,233

2,606

2,508

4,141

7,536

8,195

Interest Income, Total

17,494

14,840

13,487

17,945

30,007

31,266

Interest On Deposits

2,855

950

320

1,872

8,775

11,243

Total Interest On Borrowings

1,587

1,065

673

1,345

3,836

3,668

Interest Expense, Total

4,442

2,015

993

3,217

12,611

14,911

Net Interest Income

13,052

12,825

12,494

14,728

17,396

16,355

Service Charges On Deposits

909

1,245

1,338

1,298

1,306

1,295

Trust Income

1,673

1,736

1,832

2,209

2,459

2,538

Credit Card Fee

1,413

1,338

1,507

1,512

1,630

1,668

Total Mortgage Banking Activities

874

2,064

1,361

527

540

637

Gain (Loss) on Sale of Invest. & Securities

-166

-1

103

20

-145

-150

Total Other Non Interest Income

4,889

3,841

4,086

3,890

4,827

4,911

Non Interest Income, Total

9,592

10,223

10,227

9,456

10,617

10,899

Revenues Before Provison For Loan Losses

22,644

23,048

22,721

24,184

28,013

27,254

Provision For Loan Losses

1,504

3,806

-1,173

1,977

2,275

2,148

Total Revenues

21,140

19,242

23,894

22,207

25,738

25,106

Total Revenues % Chg.

1.6%

-9%

24.2%

-7.1%

15.9%

4.1%

Salaries And Other Employee Benefits

7,433

7,749

8,521

8,955

10,192

10,210

Amort. of Goodwill & Intang. Assets

168

176

159

215

636

605

Occupancy Expense

729

718

684

706

770

745

Selling General & Admin Expenses, Total

2,837

2,893

3,157

3,303

4,055

4,047

Total Other Non Interest Expense

1,379

1,655

1,207

1,398

2,211

2,205

Non Interest Expense, Total

12,546

13,191

13,728

14,577

17,864

17,812

EBT, Excl. Unusual Items

8,594

6,051

10,166

7,630

7,874

7,294

Total Merger & Related Restructuring Charges

—

—

—

—

—

—

—

—

-329

-1,009

-610

EBT, Incl. Unusual Items

8,594

6,051

10,166

7,301

6,865

6,684

Income Tax Expense

1,648

1,066

2,181

1,463

1,407

1,362

Earnings From Continuing Operations

6,946

4,985

7,985

5,838

5,458

5,322

Minority Interest

-32

-26

-22

-13

-29

-30

Net Income

6,914

4,959

7,963

5,825

5,429

5,292

Preferred Dividend and Other Adjustments

331

338

358

324

378

387

Net Income to Common Incl Extra Items

6,583

4,621

7,605

5,501

5,051

4,905

Net Income to Common Excl. Extra Items

6,583

4,621

7,605

5,501

5,051

4,905

Total Shares Outstanding

1,534.2

1,507.1

1,483.5

1,531

1,558

1,560.5

Weighted Avg. Shares Outstanding

1,581

1,509

1,489

1,489

1,543

1,557

Weighted Avg. Shares Outstanding Dil

1,583

1,510

1,490

1,490

1,543

1,557

EPS

4.2

3.1

5.1

3.7

3.3

3.2

EPS Diluted

4.2

3.1

5.1

3.7

3.3

3.2

Effective Tax Rate

19.2%

17.6%

21.5%

20%

20.5%

20.4%