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US BANCORP   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2018201720162015201420132012201120102009
Period End Date12/31/201812/31/201712/31/201612/31/201512/31/201412/31/201312/31/201212/31/201112/31/201012/31/2009
Loans held for sale165.00144.00154.00206.00128.00203.00282.00200.00246.00277.00
Loans13,120.0011,788.0010,777.0010,059.0010,113.0010,277.0010,558.0010,370.0010,145.009,564.00
Investment securities:Taxable--------------------
Investment securities2,616.002,232.002,078.002,001.001,866.001,631.001,792.001,820.001,601.001,606.00
Investment securities:Non-taxable--------------------
Trading securities--------------------
Money market investments--------------------
Other interest income272.00182.00125.00136.00121.00174.00251.00249.00166.0091.00
Total Interest Income16,173.0014,346.0013,134.0012,402.0012,228.0012,285.0012,883.0012,639.0012,158.0011,538.00
Deposits1,869.001,041.00622.00457.00465.00561.00691.00840.00928.001,202.00
Long-Term Debt1,007.00784.00754.00699.00725.00767.001,005.001,145.001,103.001,279.00
Short-term borrowings378.00141.0092.00245.00263.00353.00442.00531.00548.00539.00
Company-obligated mandatorily redeemable preferred securities of subsidiary trusts holding solely the juniorsubordinated--------------------
Total interest expense3,254.001,966.001,468.001,401.001,453.001,681.002,138.002,516.002,579.003,020.00
Net Interest Income12,919.0012,380.0011,666.0011,001.0010,775.0010,604.0010,745.0010,123.009,579.008,518.00
Provision for credit losses1,379.001,390.001,324.001,132.001,229.001,340.001,882.002,343.004,356.005,557.00
Net interest income after provision for credit losses11,540.0010,990.0010,342.009,869.009,546.009,264.008,863.007,780.005,223.002,961.00
Treasury Management Fees594.00618.00583.00561.00545.00538.00541.00551.00555.00552.00
Merchant processing services------1,547.00------------
Investment products fees and commissions188.00173.00169.00185.00191.00178.00150.00129.00111.00109.00
Deposit service charges762.00732.00706.00702.00693.00670.00653.00659.00710.00970.00
Securities gains (losses), net30.0057.0022.00--3.009.00(15.00)(31.00)(78.00)(451.00)
Investment banking revenue--------------------
Trust and investment management fees1,619.001,522.001,427.001,321.001,252.001,139.001,055.001,000.001,080.001,168.00
Mortgage banking revenue720.00834.00979.00906.001,009.001,356.001,937.00986.001,003.001,035.00
Credit and debit card revenue1,401.001,289.001,206.001,070.001,021.00965.00892.001,073.001,091.001,055.00
ATM processing services308.00303.00277.00318.00321.00327.00346.00452.00423.00410.00
Merchant processing services1,531.001,486.001,498.00--1,511.001,458.001,395.001,355.001,253.001,148.00
Trading income and commissions--------------------
Other910.00774.00911.00907.001,040.00569.00743.001,011.00731.00672.00
Corporate payment products revenue644.00575.00541.00708.00724.00706.00744.00734.00710.00669.00
Commercial products revenue895.00954.00971.00867.00854.00859.00878.00841.00771.00615.00
Merger and restructuring-related gains--------------------
Total Noninterest Income9,602.009,317.009,290.009,092.009,164.008,774.009,319.008,760.008,360.007,952.00
Compensation6,162.005,746.005,212.004,812.004,523.004,371.004,320.004,041.003,779.003,135.00
Employee Benefits1,231.001,134.001,008.001,167.001,041.001,140.00945.00845.00694.00574.00
Marketing and business development429.00542.00435.00361.00382.00357.00388.00369.00360.00378.00
Net occupancy and equipment1,063.001,019.00988.00991.00987.00949.00917.00999.00919.00836.00
Goodwill--------------------
Other intangibles161.00175.00179.00174.00199.00223.00274.00299.00367.00387.00
Merger and restructuring-related charges--------------------
Other1,709.002,529.002,015.001,819.001,978.001,695.001,957.001,914.001,913.001,755.00
Professional services407.00419.00502.00423.00414.00381.00530.00383.00306.00255.00
Technology and communications978.00903.00877.00887.00863.00848.00821.00758.00744.00673.00
Postage, printing and supplies324.00323.00311.00297.00328.00310.00304.00303.00301.00288.00
Debt prepayment--------------------
Furniture and equipment--------------------
Communication--------------------
Total Noninterest Expense12,464.0012,790.0011,527.0010,931.0010,715.0010,274.0010,456.009,911.009,383.008,281.00
Income Before Income Taxes8,678.007,517.008,105.008,030.007,995.007,764.007,726.006,629.004,200.002,632.00
Federal:Current1,287.002,086.002,585.001,956.001,888.001,885.001,853.00907.001,105.00765.00
Federal:Deferred(148.00)(1,180.00)(711.00)(223.00)(126.00)(83.00)45.00689.00(339.00)(499.00)
State:Current395.00201.00337.00346.00331.00216.00334.00186.00200.00175.00
State:Deferred20.00157.00(50.00)18.00(6.00)14.004.0059.00(31.00)(46.00)
Applicable income taxes1,554.001,264.002,161.002,097.002,087.002,032.002,236.001,841.00935.00395.00
Income from Continuing Operations--------------------
Income from discontinued operations (after-tax)--------------------
Income before cumulative effect of change in accounting principles--------------------
Cumulative effect of change in accounting principles--------------------
Net Income (Loss) before Preferred dividend and non-controlling interests7,124.006,253.005,944.005,933.005,908.005,732.005,490.004,788.003,265.002,237.00
Net income attributable to noncontrolling interests28.0035.0056.0054.0057.00(104.00)(157.00)(84.00)(52.00)32.00
Preferred dividends282.00267.00281.00247.00243.00250.00238.00129.0089.00228.00
Accretion of preferred stock discount------------------14.00
Earnings allocated to participating stock awards30.0028.0027.0024.0025.0026.0026.0022.0014.006.00
Deemed dividend on preferred stock redemption----------8.00------154.00
Equity portion of gain on ITS exchange transaction, net of tax----------------(118.00)--
Impact of the purchase of noncontrolling interests----(9.00)--------------
Impact of preferred stock call--10.00----------------
Net income allocated to common stockholders6,784.005,913.005,589.005,608.005,583.005,552.005,383.004,721.003,332.001,803.00
Income from continuing operations--------------------
Discontinued operations--------------------
Cumulative effect of change in accounting principles--------------------
Earnings per common share-Basic4.153.533.253.183.103.022.852.471.740.97
Income from continuing operations--------------------
Discontinued operations--------------------
Cumulative effect of change in accounting principles--------------------
Earnings per common share-Diluted4.143.513.243.163.083.002.842.461.730.97
Average Common shares outstanding-Basic1,634.001,677.001,718.001,764.001,803.001,839.001,887.001,914.001,912.001,851.00
Average Common shares outstanding-Diluted1,638.001,683.001,724.001,772.001,813.001,849.001,896.001,923.001,921.001,859.00