secwatch.observer — SEC 8-K summary
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Issuer:     US BANCORP DE (USB)
CIK:        0000036104
Form:       8-K
Filed at:   2023-04-19T23:59:59+00:00
Accession:  0001193125-23-105633
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

USB Q1 net income $1.70B, EPS $1.04, NIM rises to 3.10%
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- Diluted EPS $1.04 vs $0.99 YoY; net income $1,698M up 9% from $1,557M.
- Net interest income (tax-equivalent) $4,668M vs $3,200M YoY, NIM 3.10% vs 2.44%.
- Average loans $386.8B up 24% YoY; average deposits $510.3B up 12%.
- Return on average common equity 14.1% vs 12.7% YoY; efficiency ratio 63.2% vs 62.8%.
- CET1 ratio 8.5% vs 9.8% YoY; net charge-off ratio 0.39% vs 0.21%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/36104/000119312523105633/0001193125-23-105633-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/36104/000119312523105633/d496669d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-105633

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