TABLE 25

Line of Business Financial Performance


	Corporate and Commercial Banking								Consumer and Business Banking
Year Ended December 31 (Dollars in Millions)	2017			2016		Percent Change			2017		2016		Percent Change
Condensed Income Statement
Net interest income (taxable-equivalent basis)	$	2,425		$	2,241		8.2	%	$	5,117	$	4,752		7.7	%
Noninterest income		900			897		.3			2,445		2,526		(3.2	)
Securities gains (losses), net		(3	)		2		*			–		–		–
Total net revenue		3,322			3,140		5.8			7,562		7,278		3.9
Noninterest expense		1,566			1,440		8.8			5,117		5,058		1.2
Other intangibles		4			4		–			30		32		(6.3	)
Total noninterest expense		1,570			1,444		8.7			5,147		5,090		1.1
Income before provision and income taxes		1,752			1,696		3.3			2,415		2,188		10.4
Provision for credit losses		(14	)		365		*			354		93		*
Income before income taxes		1,766			1,331		32.7			2,061		2,095		(1.6	)
Income taxes and taxable-equivalent adjustment		643			485		32.6			750		763		(1.7	)
Net income		1,123			846		32.7			1,311		1,332		(1.6	)
Net (income) loss attributable to noncontrolling interests		–			–		–			–		–		–
Net income attributable to U.S. Bancorp	$	1,123		$	846		32.7		$	1,311	$	1,332		(1.6	)
Average Balance Sheet
Commercial	$	73,538		$	70,856		3.8	%	$	10,163	$	10,352		(1.8	)%
Commercial real estate		20,456			21,183		(3.4	)		18,437		18,231		1.1
Residential mortgages		6			8		(25.0	)		55,960		53,402		4.8
Credit card		–			–		–			–		–		–
Other retail		–			2		*			53,296		50,247		6.1
Total loans, excluding covered loans		94,000			92,049		2.1			137,856		132,232		4.3
Covered loans		–			–		–			3,445		4,196		(17.9	)
Total loans		94,000			92,049		2.1			141,301		136,428		3.6
Goodwill		1,647			1,647		–			3,681		3,682		–
Other intangible assets		13			17		(23.5	)		2,739		2,422		13.1
Assets		102,586			100,570		2.0			155,835		151,759		2.7
Noninterest-bearing deposits		36,001			36,912		(2.5	)		27,983		27,516		1.7
Interest checking		9,950			8,616		15.5			47,332		43,593		8.6
Savings products		45,773			42,300		8.2			60,632		57,442		5.6
Time deposits		16,136			13,077		23.4			12,903		14,274		(9.6	)
Total deposits		107,860			100,905		6.9			148,850		142,825		4.2
Total U.S. Bancorp shareholders’ equity		9,872			8,996		9.7			11,468		11,192		2.5

*	Not meaningful


Wealth Management and Investment Services									Payment Services									Treasury and Corporate Support									Consolidated Company
2017			2016			Percent Change			2017			2016			Percent Change			2017			2016			Percent Change			2017			2016			Percent Change

$	763		$	537			42.1	%	$	2,223		$	2,141			3.8	%	$	1,918		$	2,060			(6.9	)%	$	12,446		$	11,731			6.1	%
	1,646			1,589			3.6			3,613			3,562			1.4			950			981			(3.2	)		9,554			9,555			–
	–			–			–			–			–			–			60			20			*			57			22			*
	2,409			2,126			13.3			5,836			5,703			2.3			2,928			3,061			(4.3	)		22,057			21,308			3.5
	1,608			1,511			6.4			2,761			2,601			6.2			1,718			887			93.7			12,770			11,497			11.1
	20			24			(16.7	)		121			119			1.7			–			–			–			175			179			(2.2	)
	1,628			1,535			6.1			2,882			2,720			6.0			1,718			887			93.7			12,945			11,676			10.9
	781			591			32.1			2,954			2,983			(1.0	)		1,210			2,174			(44.3	)		9,112			9,632			(5.4	)
	(1	)		(4	)		75.0			1,082			869			24.5			(31	)		1			*			1,390			1,324			5.0
	782			595			31.4			1,872			2,114			(11.4	)		1,241			2,173			(42.9	)		7,722			8,308			(7.1	)
	284			216			31.5			682			770			(11.4	)		(890	)		130			*			1,469			2,364			(37.9	)
	498			379			31.4			1,190			1,344			(11.5	)		2,131			2,043			4.3			6,253			5,944			5.2
	–			–			–			(13	)		(32	)		59.4			(22	)		(24	)		8.3			(35	)		(56	)		37.5
$	498		$	379			31.4		$	1,177		$	1,312			(10.3	)	$	2,109		$	2,019			4.5		$	6,218		$	5,888			5.6

$	3,434		$	2,916			17.8	%	$	8,082		$	7,535			7.3	%	$	687		$	384			78.9	%	$	95,904		$	92,043			4.2	%
	508			523			(2.9	)		–			–			–			2,676			3,103			(13.8	)		42,077			43,040			(2.2	)
	2,818			2,272			24.0			–			–			–			–			–			–			58,784			55,682			5.6
	–			–			–			20,906			20,490			2.0			–			–			–			20,906			20,490			2.0
	1,660			1,557			6.6			460			524			(12.2	)		–			–			–			55,416			52,330			5.9
	8,420			7,268			15.9			29,448			28,549			3.1			3,363			3,487			(3.6	)		273,087			263,585			3.6
	–			–			–			–			–			–			5			30			(83.3	)		3,450			4,226			(18.4	)
	8,420			7,268			15.9			29,448			28,549			3.1			3,368			3,517			(4.2	)		276,537			267,811			3.3
	1,568			1,567			.1			2,465			2,463			.1			–			–			–			9,361			9,359			–
	81			101			(19.8	)		401			493			(18.7	)		–			–			–			3,234			3,033			6.6
	11,588			10,358			11.9			35,020			34,389			1.8			143,553			136,237			5.4			448,582			433,313			3.5
	14,819			13,716			8.0			1,037			951			9.0			2,093			2,081			.6			81,933			81,176			.9
	10,628			9,477			12.1			–			–			–			43			40			7.5			67,953			61,726			10.1
	42,905			36,570			17.3			102			97			5.2			457			491			(6.9	)		149,869			136,900			9.5
	4,003			3,876			3.3			–			–			–			717			1,781			(59.7	)		33,759			33,008			2.3
	72,355			63,639			13.7			1,139			1,048			8.7			3,310			4,393			(24.7	)		333,514			312,810			6.6
	2,373			2,382			(.4	)		6,269			6,389			(1.9	)		18,484			18,380			.6			48,466			47,339			2.4