secwatch.observer — SEC 8-K summary
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Issuer:     US BANCORP DE (USB)
CIK:        0000036104
Form:       8-K
Filed at:   2025-01-16T23:59:59+00:00
Accession:  0000036104-25-000005
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/36104/000003610425000005/0000036104-25-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/36104/000003610425000005/usb-20250116.htm
  HTML page:      https://secwatch.observer/filing/0000036104-25-000005

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer