Highest-materiality recent filing
U.S. Bancorp shareholders elect all 12 directors, approve say-on-pay, ratify auditor
All 12 director nominees elected; votes for ranged from 1.097B (Hernandez) to 1.214B (Reynolds).
USB Q1 net income $1.95B (+14% YoY); EPS $1.18 (+15% YoY); NIM 2.77%
Net revenue $7,288M; net interest income $4,291M (+4.1% YoY); fee revenue $2,997M (+5.7% YoY)
U.S. Bancorp reclassifies revenue and loan lines; no impact on net income, total assets, or EPS
Corporate payment products revenue renamed to Corporate payment and treasury management revenue, now includes treasury management and stored-value card revenue.
Program established on March 9, 2026; Series EE Notes (Senior) and Series FF Notes (Subordinated) authorized.
U.S. Bancorp adopts Executive Change in Control Severance Plan effective Jan 27, 2026
Plan provides lump-sum severance of 2x base salary plus 2x target annual incentive for executives upon qualifying termination within 24 months after a change in control.
U.S. Bancorp names CEO Gunjan Kedia as Chairman; Andy Cecere to retire from board in April 2026
Andrew Cecere, current executive chairman, will retire at the 2026 annual meeting after 40 years; departure not due to any disagreement.
U.S. Bancorp Q4 2025 record net revenue $7.365B, net income $2.045B up 23% YoY, EPS $1.26
Record net revenue of $7,365M in Q4 2025; net income $2,045M up 23.0% YoY.
U.S. Bancorp to acquire BTIG for up to $1B; deal expected to close Q2 2026
Target consideration up to $1B: $362.5M cash + 6,600,594 shares of common stock at close, plus up to $275M contingent cash over 3 years.
U.S. Bancorp to present at BancAnalysts Association of Boston Conference on Nov 7, 2025
Presentation slides (Exhibit 99.1) furnished; discuss business performance and payments strategy.
U.S. Bancorp Q3 net income $2,001M, EPS $1.22, up 18.4% YoY; record revenue
Record net revenue of $7,329M; net income $2,001M (+16.7% YoY); diluted EPS $1.22 vs $1.03.
U.S. Bancorp enters into aircraft use agreements with CEO Gunjan Kedia
CEO Gunjan Kedia entered into time sharing and charter flight reimbursement agreements for corporate aircraft use.
U.S. Bancorp Q2 2025 net income $1.82B (+13% YoY), EPS $1.11 vs $0.97
Net income $1,815M ($1.11 diluted EPS) vs $1,603M ($0.97) in Q2 2024, up 13.2%.
U.S. Bancorp gets preliminary SCB of 2.6%; plans 4% dividend increase to $0.52/share
Preliminary Stress Capital Buffer set at 2.6% for Oct 2025–Sep 2026, requiring CET1 ratio of at least 7.1%.
All thirteen director nominees elected; Roland Hernandez received most votes against (57.2M) but still passed.
U.S. Bancorp Q1 net income $1.71B, EPS $1.03, up from $0.78 YoY; NIM 2.72%
Net income $1,709M, diluted EPS $1.03 vs $0.78 in Q1 2024 (+32% YoY).
US Bancorp sets CEO Kedia compensation; Cecere Executive Chairman terms approved
CEO Gunjan Kedia base salary $1.2M, target annual cash incentive 275% of base, effective Apr 16.
U.S. Bancorp Vice Chair & CAO Terrance Dolan believed dead in Brooklyn Park plane crash
Plane crash occurred March 29, 2025 in Brooklyn Park, MN; plane registered to Dolan-affiliated company.
Director Kimberly J. Harris resigns from U.S. Bancorp board, effective March 24, 2025
Kimberly J. Harris resigned for personal health reasons, effective immediately.
U.S. Bancorp VP Kotwal to retire Feb 3; Director Wine not seeking re-election
Shailesh M. Kotwal ceases as Vice Chair, Payment Services effective Feb 3, 2025; remains advisor through June 30.
Gunjan Kedia to become CEO of U.S. Bancorp on April 15, 2025; Cecere to Executive Chairman
President Gunjan Kedia elected CEO of U.S. Bancorp and U.S. Bank, effective April 15, 2025.
U.S. Bancorp reports Q4 2024 net income of $1,663M, adjusted EPS $1.07
Net income $1,663M ($1.01 diluted EPS); adjusted net income $1,745M ($1.07 adjusted EPS).
USB CFO and banking head present at BAC Conference; slides furnished
CFO John Stern and Head of Wealth/Commercial Stephen Philipson present at BancAnalysts Association of Boston Conference on Nov 7.
U.S. Bancorp Reports Q3 2024 Net Income of $1.714 Billion and Diluted EPS of $1.03
Net income attributable to U.S. Bancorp was $1,714 million for Q3 2024, up from $1,523 million in Q3 2023.
U.S. Bancorp announces 401(k) plan blackout period for insiders Dec 24 to Jan 12
Blackout period Dec 24, 2024 to week of Jan 12, 2025 due to change in 401(k) recordkeeper/trustee and investment options.
U.S. Bancorp issues $10M of Senior Medium-Term Notes due 2029
Issued $10,000,000 of Series CC Callable Fixed Rate Notes due September 20, 2029.
U.S. Bancorp authorizes $5B buyback, raises quarterly dividend to $0.50
Board authorized $5B common stock repurchase program effective Sept 13, 2024, replacing prior program.
U.S. Bancorp sets medium-term targets: ROA 0.9-1.1%, ROTCE 14-17%
Medium-term ROTCE target of 14-17% and ROA target of 0.9-1.1% (non-GAAP).
U.S. Bancorp Payment Services Vice Chair Shailesh Kotwal to retire in H1 2025
Shailesh Kotwal, Vice Chair of Payment Services, intends to retire in first half of 2025.
U.S. Bancorp Q2 net income $1.6B, adjusted EPS $0.98; CET1 ratio 10.3%
Net income of $1,603M ($0.97 diluted EPS); adjusted net income $1,622M ($0.98 EPS) excluding $26M FDIC charge.
U.S. Bancorp elects Aleem Gillani to its board of directors
Gillani, 62, former SunTrust CFO, joins board effective July 16, 2024.
U.S. Bancorp announces preliminary SCB of 3.1% and plans 2% dividend increase to $0.50/share
Preliminary SCB of 3.1% from Federal Reserve stress test; effective Oct 1, 2024–Sep 30, 2025.
U.S. Bancorp: Vice Chair Tim Welsh to leave July 31; Arijit Roy takes expanded role
Tim Welsh, Vice Chair of Consumer and Business Banking, will depart effective July 31, 2024.
U.S. Bancorp re-designates covered debt under replacement capital covenants effective June 1, 2024
7.50% Subordinated Debentures due 2026 cease as covered debt under Replacement Capital Covenants.
U.S. Bancorp files 8-K/A to correct typo in Barclays conference slides
Amendment corrects a typographical error on slide 22 of the May 6, 2024 Barclays Americas Select Franchise Conference presentation.
USB execs to present at Barclays conference; slides not fully disclosed in filing
Terrance R. Dolan (Vice Chair/CAO) and John C. Stern (CFO) to present at Barclays Americas Select Franchise Conference in London on May 7, 2024 at 9:00 a.m. BST.
U.S. Bancorp promotes Gunjan Kedia to President, overseeing all revenue lines
Kedia, 53, previously Vice Chair of Wealth, Corporate, Commercial & Institutional Banking, now President effective May 3, 2024.
USB shareholders elect all 13 directors, approve 2024 Stock Plan and auditor at annual meeting
All 13 director nominees elected; Andrew Cecere received 1.083B votes for, 53.3M against.
U.S. Bancorp Q1 net income $1.32B, down 22% YoY; adj. EPS $0.90
GAAP diluted EPS $0.78 vs $1.04 YoY; adjusted diluted EPS $0.90 excluding $265M in notable items.
On March 24, 2025, Kimberly J. Harris, a director of U.S. Bancorp (the “Company”), notified the Company’s Board of Directors (the “Board”) of her decision to resign from the Board, effective immediately, and not stand for re-election at the Company’s 2025 annual meeting of shareholders.
Shailesh M. Kotwal will cease to serve as the Company’s Vice Chair, Payment Services, effective February 3, 2025.
Scott W. Wine notified the Board that he does not intend to stand for re-election to the Company’s Board of Directors following expiration of his current term at the Company’s 2025 Annual Meeting of Shareholders.
Ms. Kedia was also elected to the Board, effective immediately.
Andrew Cecere, who is currently serving as Chairman and Chief Executive Officer of U.S. Bancorp and U.S. Bank, will continue his service on the Board as Executive Chairman, effective April 15, 2025.
the Board of Directors of U.S. Bancorp (the “Board”) elected Gunjan Kedia, 54, to the position of President and Chief Executive Officer of U.S. Bancorp and U.S. Bank National Association (“U.S. Bank”), its principal banking subsidiary, effective April 15, 2025.
Shailesh M. Kotwal, Vice Chair, Payment Services, has informed U.S. Bancorp of his intention to retire from the company in the first half of 2025.
On July 16, 2024, the Board of Directors of U.S. Bancorp (the “Company”) elected Aleem Gillani as a director of the Company, effective immediately.
On June 27, 2024, U.S. Bancorp (the “Company”) announced certain organizational changes, including that Timothy A. Welsh will cease to serve as Vice Chair, Consumer and Business Banking, effective July 31, 2024.
On May 3, 2024, U.S. Bancorp announced the promotion of Gunjan Kedia, 53, to the position of President of U.S. Bancorp and U.S. Bank National Association (“U.S. Bank”), its principal banking subsidiary, effective immediately.
Max materiality 0.90 · Median 0.53 · Most common event other