secwatch.observer — SEC 8-K summary
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Issuer:     US BANCORP DE (USB)
CIK:        0000036104
Form:       8-K
Filed at:   2026-07-16T10:59:35+00:00
Accession:  0000036104-26-000039
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

U.S. Bancorp Q2 2026: record revenue $7.7B, EPS $1.35 (+22% YoY), NIM expands 13bps
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- Record net revenue of $7,712M; net income $2,177M; diluted EPS $1.35, up 22% YoY.
- Net interest margin 2.79% (+13bps YoY); efficiency ratio 57.1% improved from 59.2% YoY.
- Average loans +7.1% YoY to $405.5B; average deposits +2.4% YoY to $515.1B.
- Completed BTIG acquisition; contributed ~$98M fee revenue and $84M noninterest expense.
- CET1 ratio 10.8%; net charge-off ratio 0.53% vs 0.59% a year ago.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/36104/000003610426000039/0000036104-26-000039-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/36104/000003610426000039/usb-20260716.htm
  HTML page:      https://secwatch.observer/filing/0000036104-26-000039

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