---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-172486"
form_type: "8-K"
ticker: "USB"
cik: "0000036104"
company_name: "US BANCORP DE"
filed_at: "2024-07-01T23:59:59+00:00"
generated_at: "2026-06-01T00:17:24.116200+00:00"
event_type: "regulatory"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# U.S. Bancorp announces preliminary SCB of 3.1% and plans 2% dividend increase to $0.50/share

## Summary
- Preliminary SCB of 3.1% from Federal Reserve stress test; effective Oct 1, 2024–Sep 30, 2025.
- Plans 2% quarterly dividend increase to $0.50 per share (from $0.49), subject to Board approval in Q4 2024.
- Common stock repurchases remain suspended except for stock-based compensation programs; evaluation ongoing.
- CET1 ratio at 10.0% as of Mar 31, 2024, well above combined 7.6% requirement (4.5% minimum + 3.1% SCB).
- Federal Reserve to finalize SCB by Aug 31, 2024.

## SEC filing metadata
- accession: 0001193125-24-172486
- form_type: 8-K
- ticker: USB
- cik: 0000036104
- company_name: US BANCORP DE
- filed_at: 2024-07-01T23:59:59+00:00
- event_type: regulatory
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/36104/000119312524172486/0001193125-24-172486-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/36104/000119312524172486/d683578d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-172486
- JSON: https://secwatch.observer/filing/0001193125-24-172486.json
- Plain text: https://secwatch.observer/filing/0001193125-24-172486.txt

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