XML 92 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statement of Income (Unaudited) (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Interest Income        
Loans $ 2,518 $ 2,568 $ 7,572 $ 7,682
Loans held for sale 36 46 87 172
Investment securities 476 420 1,378 1,222
Other interest income 27 34 89 141
Total interest income 3,057 3,068 9,126 9,217
Interest Expense        
Deposits 115 134 348 433
Short-term borrowings 72 98 204 270
Long-term debt 178 178 543 587
Total interest expense 365 410 1,095 1,290
Net interest income 2,692 2,658 8,031 7,927
Provision for credit losses 311 298 941 1,063
Net interest income after provision for credit losses 2,381 2,360 7,090 6,864
Noninterest Income        
Credit and debit card revenue 251 244 749 702
Corporate payment products revenue 195 192 550 540
Merchant processing services 387 371 1,127 1,091
ATM processing services 81 83 241 248
Trust and investment management fees 315 280 930 842
Deposit service charges 185 180 513 493
Treasury management fees 136 134 409 408
Commercial products revenue 209 207 635 616
Mortgage banking revenue 260 328 774 1,125
Investment products fees 49 46 142 133
Securities gains (losses), net        
Realized gains (losses), net       8 21
Total other-than-temporary impairment (3) (2) (5) (5)
Portion of other-than-temporary impairment recognized in other comprehensive income   (1) (1) (8)
Total securities gains (losses), net (3) (3) 2 8
Other 177 115 722 412
Total noninterest income 2,242 2,177 6,794 6,618
Noninterest Expense        
Compensation 1,132 1,088 3,372 3,268
Employee benefits 250 278 796 865
Net occupancy and equipment 249 240 739 709
Professional services 102 94 282 263
Marketing and business development 78 85 253 254
Technology and communications 219 214 644 639
Postage, printing and supplies 81 76 242 230
Other intangibles 51 55 148 167
Other 452 435 1,435 1,197
Total noninterest expense 2,614 2,565 7,911 7,592
Income before income taxes 2,009 1,972 5,973 5,890
Applicable income taxes 523 542 1,566 1,629
Net income 1,486 1,430 4,407 4,261
Net (income) loss attributable to noncontrolling interests (15) 38 (44) 119
Net income attributable to U.S. Bancorp 1,471 1,468 4,363 4,380
Net income applicable to U.S. Bancorp common shareholders $ 1,405 $ 1,400 $ 4,163 $ 4,163
Earnings per common share $ 0.78 $ 0.76 $ 2.30 $ 2.26
Diluted earnings per common share $ 0.78 $ 0.76 $ 2.29 $ 2.25
Dividends declared per common share $ 0.245 $ 0.230 $ 0.720 $ 0.655
Average common shares outstanding 1,798 1,832 1,809 1,844
Average diluted common shares outstanding 1,807 1,843 1,819 1,854