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Consolidated Statement of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Interest Income    
Loans $ 3,095 $ 2,790
Loans held for sale 33 35
Investment securities 613 530
Other interest income 50 38
Total interest income 3,791 3,393
Interest Expense    
Deposits 345 199
Short-term borrowings 75 24
Long-term debt 203 190
Total interest expense 623 413
Net interest income 3,168 2,980
Provision for credit losses 341 345
Net interest income after provision for credit losses 2,827 2,635
Noninterest Income    
Credit and debit card revenue 324 299
Corporate payment products revenue 154 137
Merchant processing services 363 354
ATM processing services 79 71
Trust and investment management fees 398 368
Deposit service charges 182 172
Treasury management fees 150 153
Commercial products revenue 220 247
Mortgage banking revenue 184 207
Investment products fees 46 42
Realized securities gains (losses), net 5 29
Other 167 180
Total noninterest income 2,272 2,259
Noninterest Expense    
Compensation 1,523 1,391
Employee benefits 330 301
Net occupancy and equipment 265 247
Professional services 83 96
Marketing and business development 97 90
Technology and communications 235 217
Postage, printing and supplies 80 81
Other intangibles 39 44
Other 403 442
Total noninterest expense 3,055 2,909
Income before income taxes 2,044 1,985
Applicable income taxes 362 499
Net income 1,682 1,486
Net (income) loss attributable to noncontrolling interests (7) (13)
Net income attributable to U.S. Bancorp 1,675 1,473
Net income applicable to U.S. Bancorp common shareholders $ 1,597 $ 1,387
Earnings per common share $ 0.97 $ 0.82
Diluted earnings per common share 0.96 0.82
Dividends declared per common share $ 0.30 $ 0.28
Average common shares outstanding 1,652 1,694
Average diluted common shares outstanding 1,657 1,701