---
schema_version: "secwatch.filing_event.v1"
accession: "0000036104-24-000062"
form_type: "8-K"
ticker: "USB"
cik: "0000036104"
company_name: "US BANCORP DE"
filed_at: "2024-10-16T23:59:59+00:00"
generated_at: "2026-05-30T14:12:19.952996+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# U.S. Bancorp Reports Q3 2024 Net Income of $1.714 Billion and Diluted EPS of $1.03

## Summary
- Net income attributable to U.S. Bancorp was $1,714 million for Q3 2024, up from $1,523 million in Q3 2023.
- Diluted earnings per common share were $1.03, compared to $0.91 in the same quarter last year.
- Net interest income on a taxable-equivalent basis increased 2.8% linked quarter to $4,166 million.
- CET1 capital ratio improved to 10.5% at September 30, 2024, from 10.3% at June 30, 2024.
- Noninterest expense decreased 1.0% year-over-year, with an efficiency ratio of 60.2%.

## SEC filing metadata
- accession: 0000036104-24-000062
- form_type: 8-K
- ticker: USB
- cik: 0000036104
- company_name: US BANCORP DE
- filed_at: 2024-10-16T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/36104/000003610424000062/0000036104-24-000062-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/36104/000003610424000062/usb-20241016.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000036104-24-000062
- JSON: https://secwatch.observer/filing/0000036104-24-000062.json
- Plain text: https://secwatch.observer/filing/0000036104-24-000062.txt

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