What is U.S. Bancorp's deferred tax assets, valuation allowance?

U.S. Bancorp (USB) reported deferred tax assets, valuation allowance of $432M in Q4 2025.

How has U.S. Bancorp's deferred tax assets, valuation allowance changed year-over-year?

U.S. Bancorp's deferred tax assets, valuation allowance increased by 11.1% year-over-year, from $389M to $432M.

What is the long-term trend for U.S. Bancorp's deferred tax assets, valuation allowance?

Over 5 years (2020 to 2025), U.S. Bancorp's deferred tax assets, valuation allowance has grown at a 21.5% compound annual growth rate (CAGR), from $163M to $432M.

What does deferred tax assets, valuation allowance mean?

A reserve account that reduces the value of deferred tax assets that may not be usable for future tax savings.

Other

Deferred Tax Assets, Valuation Allowance

U.S. Bancorp Deferred Tax Assets, Valuation Allowance increased by 11.1% to $432M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 11.1%, from $389M to $432M. Over 5 years (FY 2020 to FY 2025), Deferred Tax Assets, Valuation Allowance shows an upward trend with a 21.5% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.

Analysis

StatementBalance Sheet Statement

SectionOther

CategoryRisk

SignalLower is better

VolatilityModerate

First reportedQ4 2018

Last reportedQ4 2025Feb 23, 2026

How to read this metric

An increase in the allowance suggests management has lower confidence in generating sufficient future taxable income to utilize tax benefits.

Detailed definition

This represents the portion of deferred tax assets that management believes is more likely than not to remain unrealized...

Peer comparison

Used by all banks; a high allowance relative to total assets can signal underlying profitability or tax planning concerns.

Metric ID: other_deferred_tax_assets_valuation_allowance

Historical Data

5 periods

	Q4 '21	Q4 '22	Q4 '23	Q4 '24	Q4 '25
Value	$249M	$263M	$364M	$389M	$432M
QoQ Change	—	+5.6%	+38.4%	+6.9%	+11.1%
YoY Change	—	+5.6%	+38.4%	+6.9%	+11.1%

Range$249M – $432M

CAGR+73.5%

Avg YoY Growth+15.5%

Median YoY Growth+9.0%

Current Streak4+ quarters growth

Deferred Tax Assets, Valuation Allowance at Other Companies

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Frequently Asked Questions

What is U.S. Bancorp's deferred tax assets, valuation allowance?: U.S. Bancorp (USB) reported deferred tax assets, valuation allowance of $432M in Q4 2025.
How has U.S. Bancorp's deferred tax assets, valuation allowance changed year-over-year?: U.S. Bancorp's deferred tax assets, valuation allowance increased by 11.1% year-over-year, from $389M to $432M.
What is the long-term trend for U.S. Bancorp's deferred tax assets, valuation allowance?: Over 5 years (2020 to 2025), U.S. Bancorp's deferred tax assets, valuation allowance has grown at a 21.5% compound annual growth rate (CAGR), from $163M to $432M.
What does deferred tax assets, valuation allowance mean?: A reserve account that reduces the value of deferred tax assets that may not be usable for future tax savings.