secwatch.observer — SEC 8-K summary
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Issuer:     US BANCORP DE (USB)
CIK:        0000036104
Form:       8-K
Filed at:   2024-07-01T23:59:59+00:00
Accession:  0001193125-24-172486
Event type: regulatory
Sentiment:  positive
Materiality: 0.65
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/36104/000119312524172486/0001193125-24-172486-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/36104/000119312524172486/d683578d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-172486

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