U.S. Bancorp (USBPS) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
U.S. BANCORP MINNEAPOLIS, MN 55402-7020 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6021 - National Commercial Banks (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2025 | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 56,502,000 | 61,192,000 | 53,542,000 | 28,905,000 | 62,580,000 | 22,405,000 | |||
| Cash and cash equivalent | 56,502,000 | 61,192,000 | 53,542,000 | 28,905,000 | 62,580,000 | 22,405,000 | |||
| Total current assets: | 56,502,000 | 61,192,000 | 53,542,000 | 28,905,000 | 62,580,000 | 22,405,000 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 1,114,000 | 1,149,000 | |||||||
| Property, plant, and equipment, after accumulated depreciation, depletion, and amortization | 3,858,000 | 3,305,000 | 3,468,000 | 3,702,000 | |||||
| Intangible asset, including goodwill, after accumulated amortization | 18,083,000 | 18,573,000 | 19,528,000 | 14,000,000 | 12,782,000 | 12,878,000 | |||
| Goodwill | 12,536,000 | 12,489,000 | 12,373,000 | 10,262,000 | 9,918,000 | 9,655,000 | |||
| Intangible asset, excluding goodwill, after accumulated amortization | 5,547,000 | 6,084,000 | 7,155,000 | 3,738,000 | 2,864,000 | 3,223,000 | |||
| Total noncurrent assets: | 19,197,000 | 19,722,000 | 23,386,000 | 17,305,000 | 16,250,000 | 16,580,000 | |||
| Other undisclosed assets | 602,619,000 | 582,577,000 | 597,877,000 | 527,074,000 | 475,075,000 | 456,441,000 | |||
| TOTAL ASSETS: | 678,318,000 | 663,491,000 | 674,805,000 | 573,284,000 | 553,905,000 | 495,426,000 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Debt | 15,518,000 | 15,279,000 | 31,216,000 | 11,796,000 | 11,766,000 | 23,723,000 | |||
| Securities loaned | 120,000 | 169,000 | 218,000 | 50,000 | |||||
| Total current liabilities: | 15,518,000 | 15,279,000 | 31,336,000 | 11,965,000 | 11,984,000 | 23,773,000 | |||
| Noncurrent Liabilities | |||||||||
| Other undisclosed liabilities | 603,760,000 | 592,441,000 | 592,237,000 | 505,932,000 | 488,196,000 | 419,170,000 | |||
| Total liabilities: | 619,278,000 | 607,720,000 | 623,573,000 | 517,897,000 | 500,180,000 | 442,943,000 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 58,578,000 | 55,306,000 | 50,766,000 | 54,918,000 | 53,095,000 | 51,853,000 | |||
| Common stock | 21,000 | 21,000 | 21,000 | 21,000 | 21,000 | 21,000 | |||
| Treasury stock, value | (24,065,000) | (24,126,000) | (25,269,000) | (27,271,000) | (25,930,000) | (24,440,000) | |||
| Additional paid in capital | 8,715,000 | 8,673,000 | 8,712,000 | 8,539,000 | 8,511,000 | 8,475,000 | |||
| Accumulated other comprehensive income (loss) | (9,764,000) | (10,096,000) | (11,407,000) | (1,943,000) | 322,000 | (1,373,000) | |||
| Retained earnings | 76,863,000 | 74,026,000 | 71,901,000 | 69,201,000 | 64,188,000 | 63,186,000 | |||
| Other undisclosed equity, attributable to parent | 6,808,000 | 6,808,000 | 6,808,000 | 6,371,000 | 5,983,000 | 5,984,000 | |||
| Equity, attributable to noncontrolling interest | 462,000 | 465,000 | 466,000 | 469,000 | 630,000 | 630,000 | |||
| Total equity: | 59,040,000 | 55,771,000 | 51,232,000 | 55,387,000 | 53,725,000 | 52,483,000 | |||
| TOTAL LIABILITIES AND EQUITY: | 678,318,000 | 663,491,000 | 674,805,000 | 573,284,000 | 553,905,000 | 495,426,000 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2025 | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 27,455,000 | 28,144,000 | 20,000 | 103,000 | 177,000 | 73,000 | ||
| Gain (loss) on disposition of assets for financial service operations | (154,000) | (145,000) | 20,000 | 103,000 | 177,000 | 73,000 | ||
| Net investment income | 31,666,000 | |||||||
| Cost of revenue (Provision for Loan, Lease, and Other Losses) | (2,238,000) | (2,275,000) | (1,977,000) | (3,806,000) | (1,504,000) | |||
| Gross profit: | 25,217,000 | 25,869,000 | (1,957,000) | 103,000 | (3,629,000) | (1,431,000) | ||
| Operating expenses | (4,999,000) | (5,237,000) | ||||||
| Other operating income, net (Noninterest Income, Other Operating Income) | 273,000 | 721,000 | 748,000 | |||||
| Operating income (loss): | 20,218,000 | 20,632,000 | (1,684,000) | 824,000 | (2,881,000) | (1,431,000) | ||
| Interest and debt expense | (12,611,000) | (3,217,000) | (993,000) | (2,015,000) | (4,442,000) | |||
| Income (loss) from continuing operations before equity method investments, income taxes: | 20,218,000 | 8,021,000 | (4,901,000) | (169,000) | (4,896,000) | (5,873,000) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (12,309,000) | (1,156,000) | 12,202,000 | 10,335,000 | 10,947,000 | 14,467,000 | ||
| Income from continuing operations before income taxes: | 7,909,000 | 6,865,000 | 7,301,000 | 10,166,000 | 6,051,000 | 8,594,000 | ||
| Income tax expense | (1,580,000) | (1,407,000) | (1,463,000) | (2,181,000) | (1,066,000) | (1,648,000) | ||
| Income from continuing operations: | 6,329,000 | 5,458,000 | 5,838,000 | 7,985,000 | 4,985,000 | 6,946,000 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 7,985,000 | 4,985,000 | 6,946,000 | |
| Net income: | 6,329,000 | 5,458,000 | 5,838,000 | 7,985,000 | 4,985,000 | 6,946,000 | ||
| Net loss attributable to noncontrolling interest | (30,000) | (29,000) | (13,000) | (22,000) | (26,000) | (32,000) | ||
| Net income attributable to parent: | 6,299,000 | 5,429,000 | 5,825,000 | 7,963,000 | 4,959,000 | 6,914,000 | ||
| Undistributed earnings (loss) allocated to participating securities, basic | (38,000) | (28,000) | (28,000) | (38,000) | (21,000) | (29,000) | ||
| Other undisclosed net loss available to common stockholders, basic | (352,000) | (350,000) | (296,000) | (320,000) | (317,000) | (302,000) | ||
| Net income available to common stockholders, diluted: | 5,909,000 | 5,051,000 | 5,501,000 | 7,605,000 | 4,621,000 | 6,583,000 | ||
Comprehensive Income ($ in thousands)
| 12/31/2025 | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 6,329,000 | 5,458,000 | 5,838,000 | 7,985,000 | 4,985,000 | 6,946,000 | ||
| Other comprehensive income (loss) | 332,000 | 1,311,000 | (9,464,000) | (2,265,000) | 1,695,000 | 949,000 | ||
| Comprehensive income (loss): | 6,661,000 | 6,769,000 | (3,626,000) | 5,720,000 | 6,680,000 | 7,895,000 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (30,000) | (29,000) | (13,000) | (22,000) | (26,000) | (32,000) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 6,631,000 | 6,740,000 | (3,639,000) | 5,698,000 | 6,654,000 | 7,863,000 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.