secwatch.observer — SEC 8-K summary
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Issuer:     US BANCORP DE (USB)
CIK:        0000036104
Form:       8-K
Filed at:   2025-04-16T23:59:59+00:00
Accession:  0000036104-25-000025
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/36104/000003610425000025/0000036104-25-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/36104/000003610425000025/usb-20250416.htm
  HTML page:      https://secwatch.observer/filing/0000036104-25-000025

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