U.S. Bancorp(US:USB)2026-01-20 11:49Financial Performance - Total interest income for Q4 2025 was $7,923 million, a slight decrease from $7,927 million in Q3 2025[2] - Net interest income after provision for credit losses increased to $3,707 million in Q4 2025, compared to $3,651 million in Q3 2025[2] - Noninterest income totaled $3,053 million in Q4 2025, down from $3,078 million in Q3 2025[2] - Net income attributable to U.S. Bancorp was $2,045 million in Q4 2025, up from $2,001 million in Q3 2025[2] - Earnings per common share for Q4 2025 was $1.26, an increase from $1.22 in Q3 2025[2] - Total net revenue for Q4 2025 was $3,101 million, up from $3,079 million in Q3 2025, but down from $3,086 million in Q4 2024[17] - Net income attributable to U.S. Bancorp for Q4 2025 was $1,194 million, an increase from $1,162 million in Q3 2025, but lower than $1,286 million in Q4 2024[17] - Net income attributable to U.S. Bancorp for Q4 2025 was $363 million, a decrease of 15.0% from $427 million in Q4 2024[21] - Net income attributable to U.S. Bancorp for Q4 2025 was $259 million, up from $233 million in Q4 2024, an increase of 11.2%[29] Asset and Loan Management - Total assets decreased to $692,345 million in Q4 2025 from $695,357 million in Q3 2025[3] - Total loans increased to $391,335 million in Q4 2025, compared to $382,517 million in Q3 2025[3] - Total loans reached $391.34 billion, up from $382.52 billion in the previous quarter, marking a growth of 2.3%[15] - Total loans increased to $189,159 million in Q4 2025, up from $184,440 million in Q3 2025 and $173,208 million in Q4 2024[19] - Total loans decreased to $145,007 million in Q4 2025 from $155,038 million in Q4 2024, a decline of 6.5%[23] - Total loans increased to $6,176 million in Q4 2025, up 5.5% from $5,853 million in Q3 2025[35] - Commercial loans increased to $3,515 million in Q4 2025, up 9.6% from $3,205 million in Q3 2025[35] Deposits and Funding - Total deposits decreased to $522,216 million in Q4 2025 from $526,149 million in Q3 2025[3] - Total deposits rose to $282,175 million in Q4 2025, compared to $273,123 million in Q3 2025 and $276,371 million in Q4 2024[19] - Total deposits increased to $222,372 million in Q4 2025, up from $218,839 million in Q4 2024, representing a growth of 0.2%[23] - Noninterest-bearing deposits decreased to $2,616 million in Q4 2025, down 13.5% from $3,155 million in Q4 2024[35] - Total deposits decreased to $8,022 million in Q4 2025, down 43.8% from $14,417 million in Q4 2024[35] Efficiency and Ratios - Return on average assets improved to 1.19% in Q4 2025, up from 1.17% in Q3 2025[2] - Efficiency ratio improved to 57.4% in Q4 2025, compared to 57.2% in Q3 2025[2] - The efficiency ratio improved to 43.6% in Q4 2025 from 43.3% in Q3 2025, but was higher than 42.8% in Q4 2024[17] - The efficiency ratio for Q4 2025 was 74.1%, compared to 71.5% in Q4 2024, indicating a decline in operational efficiency[21] - The efficiency ratio improved to 57.5% in Q4 2025 from 56.5% in Q4 2024, indicating better cost management[29] Interest Income and Margins - The gross interest margin improved to 2.27%, up from 2.19% year-over-year[5] - The net interest margin was reported at 2.72% for 2025, slightly up from 2.70% in 2024[12] - The net interest margin without taxable-equivalent increments was 2.75%[8] - Net interest income for Q4 2025 was $1,852 million, a slight increase from $1,823 million in Q3 2025, but down from $1,935 million in Q4 2024[17] - Net interest income for Q4 2025 was $795 million, up from $729 million in Q4 2024, reflecting an increase of 9% year-over-year[29] Noninterest Income - Noninterest income decreased to $374 million in Q4 2025 from $367 million in Q4 2024, reflecting a 1.9% increase year-over-year[21] - Total noninterest income for Q4 2025 was $1,102 million, slightly down from $1,051 million in Q4 2024, a decrease of 4.8%[32] Credit Quality - Nonperforming loans decreased to $1,126 million in Q4 2025 from $1,208 million in Q3 2025 and $1,384 million in Q4 2024[19] - Nonperforming loans increased to $8 million in Q4 2025, up from $6 million in Q2 2025[35] - Total nonperforming assets decreased to $26 million in Q4 2025, down from $41 million in Q4 2024[35] - Provision for credit losses was $461 million in Q4 2025, compared to $463 million in Q4 2024, indicating a slight decrease[29] Shareholder Equity - Common equity rose by 11.1% to $57.782 billion[5] - Shareholders' equity rose by 8.2% to $62.41 billion, up from $57.67 billion in 2024[12] - Total U.S. Bancorp shareholders' equity increased to $18,283 million in Q4 2025, up 37.5% from $13,370 million in Q4 2024[35]