---
schema_version: "secwatch.filing_event.v1"
accession: "0000036104-25-000025"
form_type: "8-K"
ticker: "USB"
cik: "0000036104"
company_name: "US BANCORP DE"
filed_at: "2025-04-16T23:59:59+00:00"
generated_at: "2026-05-23T14:00:15.393956+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# U.S. Bancorp Q1 net income $1.71B, EPS $1.03, up from $0.78 YoY; NIM 2.72%

## Summary
- Net income $1,709M, diluted EPS $1.03 vs $0.78 in Q1 2024 (+32% YoY).
- Net revenue $6,958M (+3.6% YoY); net interest income $4,092M (+2.7%).
- Net interest margin 2.72%, up 2 bps YoY; efficiency ratio improved to 60.8% from 66.4%.
- CET1 ratio 10.8% (up from 10.0% a year ago); dividend declared $0.50/share.
- Net charge-off ratio 0.59% vs 0.53% a year ago; loan growth 2.1% YoY.

## SEC filing metadata
- accession: 0000036104-25-000025
- form_type: 8-K
- ticker: USB
- cik: 0000036104
- company_name: US BANCORP DE
- filed_at: 2025-04-16T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/36104/000003610425000025/0000036104-25-000025-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/36104/000003610425000025/usb-20250416.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000036104-25-000025
- JSON: https://secwatch.observer/filing/0000036104-25-000025.json
- Plain text: https://secwatch.observer/filing/0000036104-25-000025.txt

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