---
schema_version: "secwatch.filing_event.v1"
accession: "0000036104-24-000048"
form_type: "8-K"
ticker: "USB"
cik: "0000036104"
company_name: "US BANCORP DE"
filed_at: "2024-07-17T23:59:59+00:00"
generated_at: "2026-05-31T20:18:53.410900+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# U.S. Bancorp Q2 net income $1.6B, adjusted EPS $0.98; CET1 ratio 10.3%

## Summary
- Net income of $1,603M ($0.97 diluted EPS); adjusted net income $1,622M ($0.98 EPS) excluding $26M FDIC charge.
- Net interest income (taxable-equivalent) $4,052M, up 0.9% linked quarter; net interest margin 2.67%.
- Average total loans +1.0% and average total deposits +2.2% linked quarter; noninterest income +2.4% YoY.
- Adjusted efficiency ratio 60.7%; return on tangible common equity 18.6%; return on assets 0.98%.
- CET1 capital ratio improved to 10.3% from 10.0% in Q1; net charge-off ratio 0.58%.

## SEC filing metadata
- accession: 0000036104-24-000048
- form_type: 8-K
- ticker: USB
- cik: 0000036104
- company_name: US BANCORP DE
- filed_at: 2024-07-17T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/36104/000003610424000048/0000036104-24-000048-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/36104/000003610424000048/usb-20240717.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000036104-24-000048
- JSON: https://secwatch.observer/filing/0000036104-24-000048.json
- Plain text: https://secwatch.observer/filing/0000036104-24-000048.txt

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