---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-189190"
form_type: "8-K"
ticker: "USB"
cik: "0000036104"
company_name: "US BANCORP DE"
filed_at: "2023-07-19T23:59:59+00:00"
generated_at: "2026-06-13T06:36:49.967878+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# USB Q2 2023 net income falls to $1.36B ($0.84 EPS) from $1.53B YoY; NIM up to 2.90%

## Summary
- Net income $1.361B, diluted EPS $0.84, down from $0.99 YoY; ROAA 0.81% vs 1.06%.
- Net interest income (taxable-equiv) $4.449B, up 28% YoY; NIM 2.90% vs 2.59%.
- Average loans $388.8B (+20% YoY), deposits $497.3B (+9% YoY); net charge-off ratio 0.67% vs 0.20%.
- CET1 ratio (standardized) 9.1% vs 9.7% YoY; tangible common equity return 17.1% vs 18.6%.
- Dividend declared $0.48 per share, unchanged from prior quarter, up from $0.46 YoY.

## SEC filing metadata
- accession: 0001193125-23-189190
- form_type: 8-K
- ticker: USB
- cik: 0000036104
- company_name: US BANCORP DE
- filed_at: 2023-07-19T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/36104/000119312523189190/0001193125-23-189190-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/36104/000119312523189190/d513385d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-189190
- JSON: https://secwatch.observer/filing/0001193125-23-189190.json
- Plain text: https://secwatch.observer/filing/0001193125-23-189190.txt

## Key facts
- Earnings Releases
  US BANCORP DE reported financial results for quarter-ended June 30, 2023.
  - Period: quarter-ended June 30, 2023
  - Result: reported results
  source text: On July 19, 2023, U.S. Bancorp (the “Company”) issued a press release reporting quarter-ended June 30, 2023 results
  evidence_url: https://www.sec.gov/Archives/edgar/data/36104/000119312523189190/0001193125-23-189190-index.htm

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