secwatch.observer — SEC 8-K summary
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Issuer:     US BANCORP DE (USB)
CIK:        0000036104
Form:       8-K
Filed at:   2024-10-16T23:59:59+00:00
Accession:  0000036104-24-000062
Event type: earnings
Sentiment:  positive
Materiality: 0.90
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/36104/000003610424000062/0000036104-24-000062-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/36104/000003610424000062/usb-20241016.htm
  HTML page:      https://secwatch.observer/filing/0000036104-24-000062

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