U.S. Bancorp said net income attributable to U.S. Bancorp for Q1 2025 was $1.7 billion, or $1.03 per diluted common share, compared with $1.3 billion, or $0.78 per diluted common share, for Q1 2024.

1. 01

   U.S. Bancorp said net income attributable to U.S. Bancorp for Q1 2025 was $1.7 billion, or $1.03 per diluted common share, compared with $1.3 billion, or $0.78 per diluted common share, for Q1 2024.

2. 02

   The company said total net revenue for Q1 2025 was $243 million (3.6%) higher than Q1 2024, with net interest income increasing 2.7% and noninterest income increasing 5.0%.

3. 03

   U.S. Bancorp said noninterest expense for Q1 2025 was $4.2 billion, $227 million (5.1%) lower than Q1 2024, and the provision for credit losses was $537 million, $16 million (2.9%) lower than the prior year.

4. 04

   U.S. Bancorp said total deposits as of March 31, 2025 were $512.5 billion, a decrease of $5.8 billion (1.1%) from December 31, 2024 of $518.3 billion, and the loan portfolio was $381.8 billion, an increase of $2.0 billion (0.5%).

Key figures

Quarter ended March 31, 2025

Revenue

$7.0B

Net income

$1.7B

EPS

$1.03

Operating cash flow

−$285M

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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