Highest-materiality recent filing
U.S. Bancorp Q2 2026: record revenue $7.7B, EPS $1.35 (+22% YoY), NIM expands 13bps
Record net revenue of $7,712M; net income $2,177M; diluted EPS $1.35, up 22% YoY.
U.S. Bancorp Stress Capital Buffer unchanged at 2.6%, plans dividend increase to $0.54/share
SCB requirement remains 2.6% until October 1, 2027, after CCAR 2026 results.
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 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 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 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%.
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).
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.
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).
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 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 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 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 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.
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.
USB reaffirms FY2024 guidance; OCC terminates MUFG Union Bank consent order
CFO Stern confirmed no change to FY2024 NII guidance of $16.6B to up slightly, fee revenue up mid-single digits, core expenses flat YoY.
GAAP net income of $847M ($0.49 EPS) vs $1,523M ($0.91) in Q3; adjusted net income of $1,627M ($0.99 EPS).
U.S. Bancorp Q3 2023 net income $1.523B, EPS $0.91, down from $1.16 YoY
Net income $1.523B ($0.91 diluted EPS) vs $1.812B ($1.16) in Q3 2022, a 16% decline.
Fed releases U.S. Bancorp from post-MUFG Category II regulatory commitments
Federal Reserve notified USB on Oct 16, 2023 it is released from two commitments tied to Dec 2022 MUFG Union Bank acquisition.
U.S. Bancorp names Dolan CAO, Stern CFO; von Gillern retires Sept 1, Venkatachari executive officer
Jeffry H. von Gillern resigns as Vice Chair, Technology and Operations Services effective Sept 1, 2023; remains advisor to CEO through Dec 31, 2023.
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.
appointed Terrance R. Dolan to the position of Vice Chair and Chief Administration Officer, effective September 1, 2023.
Jeffry H. von Gillern will resign from his position as Vice Chair, Technology and Operations Services of U.S. Bancorp
Max materiality 0.90 · Median 0.55 · Most common event earnings