---
schema_version: "secwatch.filing_event.v1"
accession: "0000036104-25-000005"
form_type: "8-K"
ticker: "USB"
cik: "0000036104"
company_name: "US BANCORP DE"
filed_at: "2025-01-16T23:59:59+00:00"
generated_at: "2026-05-28T00:31:01.195157+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# U.S. Bancorp reports Q4 2024 net income of $1,663M, adjusted EPS $1.07

## Summary
- Net income $1,663M ($1.01 diluted EPS); adjusted net income $1,745M ($1.07 adjusted EPS).
- Net revenue $7,009M (net interest income $4,176M, noninterest income $2,833M).
- CET1 ratio 10.6%, up from 9.9% a year ago; return on tangible common equity 18.3% adjusted.
- Noninterest expense decreased YoY and sequentially on adjusted basis; efficiency ratio 59.9% adjusted.
- Full year 2024 net income $6,299M reported ($3.79 EPS), $6,599M adjusted ($3.98 adjusted EPS).

## SEC filing metadata
- accession: 0000036104-25-000005
- form_type: 8-K
- ticker: USB
- cik: 0000036104
- company_name: US BANCORP DE
- filed_at: 2025-01-16T23:59:59+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/36104/000003610425000005/0000036104-25-000005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/36104/000003610425000005/usb-20250116.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000036104-25-000005
- JSON: https://secwatch.observer/filing/0000036104-25-000005.json
- Plain text: https://secwatch.observer/filing/0000036104-25-000005.txt

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