---
schema_version: "secwatch.filing_event.v1"
accession: "0000036104-26-000054"
form_type: "8-K"
ticker: "USB"
cik: "0000036104"
company_name: "US BANCORP DE"
filed_at: "2026-10-15T10:59:47+00:00"
generated_at: "2026-10-15T11:05:49.407081+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# U.S. Bancorp 3Q26: diluted EPS $1.34 (+9.8% YoY), record revenue $7.97B, net income $2.20B

## Summary
- Record net revenue of $7,970M; net interest income $4,490M (+5.6% YoY) and fee revenue up 14.9% YoY, driving 240 bps positive operating leverage.
- Net income of $2,202M, up 10.0% YoY; diluted EPS $1.34 vs $1.22; efficiency ratio improved to 55.9% and ROA was 1.25%.
- Net interest margin 2.84%, up 9 bps YoY; CET1 ratio 10.8%; average total loans +8.0% YoY to $409.5B and deposits +2.9% to $526.6B.
- Quarterly common dividend raised to $0.54 per share from $0.52; net charge-off ratio improved to 0.51% from 0.56%, provision $654M vs $571M.
- Capital markets revenue jumped to $640M from $378M a year ago; trust and investment management fees $802M vs $730M.

## SEC filing metadata
- accession: 0000036104-26-000054
- form_type: 8-K
- ticker: USB
- cik: 0000036104
- company_name: US BANCORP DE
- filed_at: 2026-10-15T10:59:47+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/36104/000003610426000054/0000036104-26-000054-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/36104/000003610426000054/usb-20261015.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000036104-26-000054
- JSON: https://secwatch.observer/filing/0000036104-26-000054.json
- Plain text: https://secwatch.observer/filing/0000036104-26-000054.txt

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