secwatch.observer — SEC 8-K summary
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Issuer:     US BANCORP DE (USB)
CIK:        0000036104
Form:       8-K
Filed at:   2026-04-16T23:59:59+00:00
Accession:  0000036104-26-000021
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/36104/000003610426000021/0000036104-26-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/36104/000003610426000021/usb-20260416.htm
  HTML page:      https://secwatch.observer/filing/0000036104-26-000021

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