---
schema_version: "secwatch.filing_event.v1"
accession: "0000036104-26-000021"
form_type: "8-K"
ticker: "USB"
cik: "0000036104"
company_name: "US BANCORP DE"
filed_at: "2026-04-16T23:59:59+00:00"
generated_at: "2026-05-15T05:57:14.012443+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# USB Q1 net income $1.95B (+14% YoY); EPS $1.18 (+15% YoY); NIM 2.77%

## Summary
- Net revenue $7,288M; net interest income $4,291M (+4.1% YoY); fee revenue $2,997M (+5.7% YoY)
- Return on avg assets 1.15% vs 1.04% YoY; efficiency ratio 58.2% vs 60.8% YoY; positive operating leverage 440 bps
- Average loans +3.8% YoY to $393.6B; average deposits +1.7% YoY to $515.1B; CET1 ratio 10.8%
- Provision for credit losses $576M vs $537M YoY; net charge-off ratio 0.56% vs 0.59% YoY
- Dividend declared $0.52 per share, unchanged from prior quarter

## SEC filing metadata
- accession: 0000036104-26-000021
- form_type: 8-K
- ticker: USB
- cik: 0000036104
- company_name: US BANCORP DE
- filed_at: 2026-04-16T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/36104/000003610426000021/0000036104-26-000021-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/36104/000003610426000021/usb-20260416.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000036104-26-000021
- JSON: https://secwatch.observer/filing/0000036104-26-000021.json
- Plain text: https://secwatch.observer/filing/0000036104-26-000021.txt

## Key facts
- Earnings Releases
  US BANCORP DE reported financial results for the quarter ended March 31, 2026.
  - Period: the quarter ended March 31, 2026
  - Result: reported results
  source text: On April 16, 2026, U.S. Bancorp (the “Company”) issued a press release reporting financial results for the quarter ended March 31, 2026. The press release is attached as Exhibit 99.1 hereto and is incorporated herein by reference.
  evidence_url: https://www.sec.gov/Archives/edgar/data/36104/000003610426000021/0000036104-26-000021-index.htm

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