secwatch.observer — SEC 8-K summary
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Issuer:     US BANCORP DE (USB)
CIK:        0000036104
Form:       8-K
Filed at:   2023-01-25T23:59:59+00:00
Accession:  0001193125-23-014710
Event type: earnings
Sentiment:  neutral
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

USB completes MUFG Union Bank acquisition; Q4 GAAP EPS $0.57, adjusted EPS $1.20
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- Acquisition of MUFG Union Bank completed; Q4 net income excluding notable items was $1.9 billion.
- GAAP net income $925 million ($0.57 diluted EPS) including acquisition-related notable items.
- Adjusted return on average assets 1.20% and return on average common equity 16.8% for Q4.
- CET1 ratio 8.4%; average loans $359.8 billion, deposits $481.8 billion; net charge-off ratio 0.64%.
- Full year 2022 GAAP EPS $3.69 vs $5.10 in 2021; dividends declared $1.88 per common share.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/36104/000119312523014710/0001193125-23-014710-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/36104/000119312523014710/d408122d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-014710

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