secwatch.observer — SEC 8-K summary
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Issuer:     US BANCORP DE (USB)
CIK:        0000036104
Form:       8-K
Filed at:   2026-10-15T10:59:47+00:00
Accession:  0000036104-26-000054
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/36104/000003610426000054/0000036104-26-000054-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/36104/000003610426000054/usb-20261015.htm
  HTML page:      https://secwatch.observer/filing/0000036104-26-000054

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