---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-217564"
form_type: "8-K"
ticker: "USB"
cik: "0000036104"
company_name: "US BANCORP DE"
filed_at: "2024-09-12T23:59:59+00:00"
generated_at: "2026-05-31T05:20:16.717462+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# U.S. Bancorp sets medium-term targets: ROA 0.9-1.1%, ROTCE 14-17%

## Summary
- Medium-term ROTCE target of 14-17% and ROA target of 0.9-1.1% (non-GAAP).
- Fee income growth target of mid-single digits annually; efficiency ratio target ~55-57%.
- Digital engagement: core consumer digital active users up 2x since 2019; mobile app sales 6x.
- Credit quality: NCOs expected through-the-cycle 35-55 bps; office reserves at 5% of loans.

## SEC filing metadata
- accession: 0001193125-24-217564
- form_type: 8-K
- ticker: USB
- cik: 0000036104
- company_name: US BANCORP DE
- filed_at: 2024-09-12T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/36104/000119312524217564/0001193125-24-217564-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/36104/000119312524217564/d875032d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-217564
- JSON: https://secwatch.observer/filing/0001193125-24-217564.json
- Plain text: https://secwatch.observer/filing/0001193125-24-217564.txt

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