What does payment services — noninterest-bearing deposits mean?

Customer deposits held within the payment services segment that do not accrue interest for the depositor. These deposits are a low-cost source of funding for the bank and are often associated with operational transaction accounts used by business clients.

U.S. Bancorp (USB) Payment Services — Noninterest-bearing deposits

Screener

Other segment segments

Wealth Corporate Commercial And Institutional Banking

$57.81B+3.2%

Consumer And Business Banking

$18.36B-4.4%

Similar metrics at other companies

NTRSNoninterest-bearing deposits

$15.62B+37.9%

RJFNoninterest-bearing deposits

$539M+10.2%

CNoninterest-bearing deposits

$122.08B-0.3%

SYFNoninterest-bearing deposits

$416M+2.7%

WSFSNoninterest-bearing deposits

$6.37B+28.8%

AMALNoninterest-bearing deposits

$3.32B+14.5%

Other financials

Income statement

See full

Revenue$7.3B+4.8%

Net income$1.9B+13.8%

EPS (diluted)$1.18+14.6%

Balance sheet

See full

Cash & equivalents$48.4B-3.2%

Total debt$79.2B+2.9%

Total equity$65.8B+9.5%

Total assets$701.00B+3.6%

Cash flow

See full

Operating cash flow$1.3B+535%

Valuation

See full

Market cap$98.15B+41.8%

Enterprise value$128.95B+42.6%

P/E12.6×+2.5×

P/S3.4×+0.9×

Profitability

See full

Net margin27%+2.8pp

Returns & leverage

See full

Return on equity12.4%+0.8pp

Debt / equity1.2×-0.1×

Where this comes from

Reported directly by U.S. Bancorp in its filing.

Tagged under the XBRL concept usb:NoninterestBearingDepositLiabilitiesAverage.

The source filing: U.S. Bancorp’s 10-Q, filed May 4, 2026.

Filed: May 4, 2026, 4:17 PM EDT
Fiscal quarter: Q1 FY2026
Calendar quarter: Q1 2026
Accession: 0000036104-26-000024

(Dollars in Millions)	Wealth, Corporate, Commercial and Institutional Banking / 2026	Wealth, Corporate, Commercial and Institutional Banking / 2025	Consumer and Business Banking / 2026	Consumer and Business Banking / 2025	Payment Services / 2026	Payment Services / 2025	Treasury and Corporate Support / 2026	Treasury and Corporate Support / 2025	Consolidated Company / 2026	Consolidated Company / 2025
Loans	$203,834	$182,191	$144,291	$153,906	$44,003	$41,607	$1,432	$1,324	$393,560	$379,028
Goodwill	4,826	4,824	4,326	4,326	3,481	3,391	—	—	12,633	12,541
Other intangible assets	682	863	3,914	4,368	237	249	7	8	4,840	5,488
Assets	256,107	230,619	156,943	166,491	49,006	46,825	226,226	225,458	688,282	669,393
Noninterest-bearing deposits	57,812	56,001	18,364	19,204	2,425	2,616	2,027	1,875	80,628	79,696
Interest-bearing deposits	229,770	219,157	204,121	198,866	94	94	506	8,721	434,491	426,838
Total deposits	287,582	275,158	222,485	218,070	2,519	2,710	2,533	10,596	515,119	506,534
Total U.S. Bancorp shareholders’ equity	24,200	23,508	13,107	13,705	10,596	10,229	17,954	12,169	65,857	59,611

Item 1. )

FAQ

What is U.S. Bancorp's payment services — noninterest-bearing deposits?: U.S. Bancorp (USB) reported payment services — noninterest-bearing deposits of $2.43B in Q1 2026.
How has U.S. Bancorp's payment services — noninterest-bearing deposits changed year-over-year?: U.S. Bancorp's payment services — noninterest-bearing deposits decreased by 7.3% year-over-year, from $2.62B to $2.43B.
What does payment services — noninterest-bearing deposits mean?: Customer deposits held within the payment services segment that do not accrue interest for the depositor. These deposits are a low-cost source of funding for the bank and are often associated with operational transaction accounts used by business clients.