U.S. Bancorp (U.S. Bancorp) Credit Losses Provision

: $2,275 Mil (As of Dec. 2023)

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U.S. Bancorp's credit losses provision for the three months ended in Dec. 2023 was $512 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2023 was $2,275 Mil.

U.S. Bancorp's quarterly credit losses provision declined from Jun. 2023 ($821 Mil) to Sep. 2023 ($515 Mil) and declined from Sep. 2023 ($515 Mil) to Dec. 2023 ($512 Mil).

U.S. Bancorp's annual credit losses provision increased from Dec. 2021 ($-1,173 Mil) to Dec. 2022 ($1,977 Mil) and increased from Dec. 2022 ($1,977 Mil) to Dec. 2023 ($2,275 Mil).

U.S. Bancorp Credit Losses Provision Historical Data

The historical data trend for U.S. Bancorp's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

U.S. Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

1,504.00

3,806.00

-1,173.00

1,977.00

2,275.00

U.S. Bancorp Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Credit Losses Provision																1,192.00	427.00	821.00	515.00	512.00

U.S. Bancorp Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,275 Mil.

U.S. Bancorp (U.S. Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » U.S. Bancorp (NYSE:USB) » Definitions » Credit Losses Provision

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Address

800 Nicollet Mall, Minneapolis, MN, USA, 55402

Website

https://www.usbank.com

As a diversified financial-services provider, U.S. Bancorp is one of the nation's largest regional banks, with branches in roughly 26 states, primarily in the Western and Midwestern United States. The bank offers many services, including retail banking, commercial banking, trust and wealth services, credit cards, mortgages, and other payments capabilities.

Executives

Timothy A Welsh	officer: Vice Chairman	800 NICOLLET MALL, MINNEAPOLIS MN 55402
Terrance R Dolan	officer: EVP, Controller	800 NICOLLET MALL, MINNEAPOLIS MN 55402
Shailesh M Kotwal	officer: Vice Chairman	8501 N. SCOTTSDALE ROAD, SUITE 300, SCOTTSDALE AZ 85253
Venkatachari Dilip	officer: SEVP & Chief Info & Tech Off	800 NICOLLET MALL, MINNEAPOLIS MN 55402
John C Stern	officer: SEVP and CFO	800 NICOLLET MALL, MINNEAPOLIS MN 55402
James B Kelligrew	officer: Vice Chairman	800 NICOLLET MALL, MINNEAPOLIS MN 55402
Richard P Mckenney	director	UNUM GROUP, 1 FOUNTAIN SQUARE, CHATTANOOGA TN 37402
Scott W. Wine	director	2100 HIGHWAY 55, MEDINA MN 55340
Alan B. Colberg	director	ASSURANT, INC., ONE CHASE MANHATTAN PLAZA, 41 FL., NEW YORK NY 10005
Souheil Badran	officer: SEVP, Chief Operations Officer	800 NICOLLET MALL, MINNEAPOLIS MN 55402
Andrew Cecere	officer: Vice Chairman	800 NICOLLET MALL, MINNEAPOLIS MN 55402
Von Gillern Jeffry H.	officer: Vice Chairman	U.S. BANCORP, 800 NICOLLET MALL, MINNEAPOLIS MN 55402
Lisa R Stark	officer: EVP and Controller	800 NICOLLET MALL, MINNEAPOLIS MN 55402
Loretta E Reynolds	director	800 NICOLLET MALL, MINNEAPOLIS MN 55402
Katherine B Quinn	officer: EVP, Strategy & Corp. Affairs	US BANCORP, 800 NICOLLET MALL, MINNEAPOLIS MN 55402