secwatch.observer — SEC 8-K summary
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Issuer:     US BANCORP DE (USB)
CIK:        0000036104
Form:       8-K
Filed at:   2023-07-19T23:59:59+00:00
Accession:  0001193125-23-189190
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/36104/000119312523189190/0001193125-23-189190-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/36104/000119312523189190/d513385d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-189190

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