---
schema_version: "secwatch.filing_event.v1"
accession: "0000036104-24-000028"
form_type: "8-K"
ticker: "USB"
cik: "0000036104"
company_name: "US BANCORP DE"
filed_at: "2024-03-05T23:59:59+00:00"
generated_at: "2026-06-05T04:20:11.896210+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# USB reaffirms FY2024 guidance; OCC terminates MUFG Union Bank consent order

## Summary
- CFO Stern confirmed no change to FY2024 NII guidance of $16.6B to up slightly, fee revenue up mid-single digits, core expenses flat YoY.
- Q1 2024 NII expected between $4.0B and $4.1B; live audio webcast disrupted by vendor error.
- OCC terminated September 2021 consent order against MUFG Union Bank (acquired Dec 2022) for technology and operational risk deficiencies.
- Termination removes a regulatory condition from the merger approval and reflects improved risk management.

## SEC filing metadata
- accession: 0000036104-24-000028
- form_type: 8-K
- ticker: USB
- cik: 0000036104
- company_name: US BANCORP DE
- filed_at: 2024-03-05T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 7.01, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/36104/000003610424000028/0000036104-24-000028-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/36104/000003610424000028/usb-20240305.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000036104-24-000028
- JSON: https://secwatch.observer/filing/0000036104-24-000028.json
- Plain text: https://secwatch.observer/filing/0000036104-24-000028.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.