J a n u a r y 2 0 , 2 0 2 6 U.S. Bancorp 4Q25 Earnings Conference Call ©2025 U.S. Bank | Confidential 1 Forward-looking Statements and Additional Information The following information appears in accordance with the Private Securities Litigation Reform Act of 1995: This presentation contains forward-looking statements about U.S. Bancorp. Statements that are not historical or current facts, including statements about beliefs and expectations, are forward-looking statements and are based on the information ava ...

Financial Performance - U S Bancorp's earnings per share grew by 18 4% compared to 3Q24[6] - Net interest income reached $4 25 billion in 3Q25[6] - Fee revenue increased by 9 5% year-over-year in 3Q25[6] - The efficiency ratio improved to 57 2%[7] - Return on tangible common equity was 18 6%[8] - Return on average assets was 1 17%[8] - Net interest margin increased by 9 basis points compared to 2Q25 reaching 2 75%[8] Revenue and Growth Strategies - Fee income represents approximately 42% of U S Bancorp's total net revenue[9] - Adjusted fee revenue growth was $463 million or +5 2% year-over-year[10] - Impact finance revenue increased to $251 million for the first nine months of 2025, demonstrating a 17% compound annual growth rate (CAGR)[15] Balance Sheet and Credit Quality - The CET1 capital ratio strengthened to 10 9%[8] - The net charge-off ratio improved to 0 56%[8] - Total assets reached $695 4 billion[33] - Total loans amounted to $382 5 billion[33] - Total deposits reached $526 1 billion[33]