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Consolidated Statement of Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Interest Income      
Loans $ 22,368 $ 23,009 $ 22,324
Loans held for sale 165 173 147
Investment securities 5,398 5,111 4,485
Other interest income 3,039 3,373 3,051
Total interest income 30,970 31,666 30,007
Interest Expense      
Deposits 10,151 11,688 8,775
Short-term borrowings 1,373 1,107 1,971
Long-term debt 2,797 2,582 1,865
Total interest expense 14,321 15,377 12,611
Net interest income 16,649 16,289 17,396
Provision for credit losses 2,186 2,238 2,275
Net interest income after provision for credit losses 14,463 14,051 15,121
Noninterest Income      
Card revenue 1,735 1,679 1,630
Corporate payment products revenue 765 773 759
Merchant processing services 1,792 1,714 1,659
Trust and investment management fees 2,869 2,660 2,459
Service charges 1,302 1,253 1,306
Capital markets revenue 1,633 1,523 1,372
Mortgage banking revenue 645 627 540
Investment products fees 375 330 279
Securities gains (losses), net (61) (154) (145)
Other 836 641 758
Total noninterest income 11,891 11,046 10,617
Noninterest Expense      
Compensation and employee benefits 10,327 10,554 10,416
Net occupancy and equipment 1,227 1,246 1,266
Professional services 468 491 560
Marketing and business development 705 619 726
Technology and communications 2,211 2,074 2,049
Other intangibles 498 569 636
Merger and integration charges 0 155 1,009
Other 1,401 1,480 2,211
Total noninterest expense 16,837 17,188 18,873
Income before income taxes 9,517 7,909 6,865
Applicable income taxes 1,921 1,580 1,407
Net income (loss) 7,596 6,329 5,458
Net (income) loss attributable to noncontrolling interests (26) (30) (29)
Net income (loss) attributable to U.S. Bancorp 7,570 6,299 5,429
Net income applicable to U.S. Bancorp common shareholders 7,194 5,909 5,051
Net income applicable to U.S. Bancorp common shareholders, diluted $ 7,194 $ 5,909 $ 5,051
Earnings per common share (in dollars per share) $ 4.62 $ 3.79 $ 3.27
Diluted earnings per common share (in dollars per share) $ 4.62 $ 3.79 $ 3.27
Average common shares outstanding (in shares) 1,557 1,560 1,543
Average diluted common shares outstanding (in shares) 1,558 1,561 1,543