Annual Income Statements for U.S. Bancorp
Annual Income Statements for U.S. Bancorp
This table shows U.S. Bancorp's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.
Quarterly Income Statements for U.S. Bancorp
This table shows U.S. Bancorp's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.
| Metric |
|
Q2 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Q2 2025 |
Q3 2025 |
Q4 2025 |
Q1 2026 |
| Net Income / (Loss) Attributable to Common Shareholders |
|
1,361 |
- |
1,319 |
1,603 |
1,714 |
- |
1,709 |
1,815 |
2,001 |
2,045 |
1,945 |
| Consolidated Net Income / (Loss) |
|
1,369 |
- |
1,326 |
1,611 |
1,722 |
- |
1,716 |
1,821 |
2,008 |
2,051 |
1,950 |
| Net Income / (Loss) Continuing Operations |
|
1,369 |
- |
1,326 |
1,611 |
1,722 |
- |
1,716 |
1,821 |
2,008 |
2,051 |
1,950 |
| Total Pre-Tax Income |
|
1,751 |
- |
1,673 |
2,056 |
2,072 |
- |
2,159 |
2,293 |
2,532 |
2,533 |
2,419 |
| Total Revenue |
|
7,141 |
- |
6,685 |
6,838 |
6,833 |
- |
6,928 |
6,975 |
7,300 |
7,337 |
7,260 |
| Net Interest Income / (Expense) |
|
4,415 |
- |
3,985 |
4,023 |
4,135 |
- |
4,092 |
4,051 |
4,222 |
4,284 |
4,263 |
| Total Interest Income |
|
7,526 |
- |
7,764 |
7,985 |
8,086 |
- |
7,516 |
7,604 |
7,927 |
7,923 |
7,838 |
| Loans and Leases Interest Income |
|
5,643 |
- |
5,749 |
5,802 |
5,907 |
- |
5,561 |
5,607 |
5,723 |
5,642 |
5,561 |
| Investment Securities Interest Income |
|
1,077 |
- |
1,175 |
1,294 |
1,316 |
- |
1,308 |
1,355 |
1,392 |
1,343 |
1,303 |
| Other Interest Income |
|
806 |
- |
840 |
889 |
863 |
- |
647 |
642 |
812 |
938 |
974 |
| Total Interest Expense |
|
3,111 |
- |
3,779 |
3,962 |
3,951 |
- |
3,424 |
3,553 |
3,705 |
3,639 |
3,575 |
| Deposits Interest Expense |
|
1,939 |
- |
2,884 |
3,028 |
3,004 |
- |
2,511 |
2,541 |
2,648 |
2,451 |
2,284 |
| Short-Term Borrowings Interest Expense |
|
740 |
- |
270 |
296 |
284 |
- |
249 |
291 |
328 |
505 |
645 |
| Long-Term Debt Interest Expense |
|
432 |
- |
625 |
638 |
663 |
- |
664 |
721 |
729 |
683 |
646 |
| Total Non-Interest Income |
|
2,726 |
- |
2,700 |
2,815 |
2,698 |
- |
2,836 |
2,924 |
3,078 |
3,053 |
2,997 |
| Trust Fees by Commissions |
|
621 |
- |
641 |
649 |
667 |
- |
680 |
703 |
730 |
756 |
745 |
| Other Service Charges |
|
1,554 |
- |
1,485 |
1,633 |
1,550 |
- |
1,464 |
1,696 |
1,726 |
1,678 |
1,502 |
| Net Realized & Unrealized Capital Gains on Investments |
|
3.00 |
- |
2.00 |
-36 |
-119 |
- |
0.00 |
-57 |
-7.00 |
3.00 |
-35 |
| Other Non-Interest Income |
|
548 |
- |
572 |
569 |
600 |
- |
692 |
582 |
629 |
616 |
785 |
| Provision for Credit Losses |
|
821 |
- |
553 |
568 |
557 |
- |
537 |
501 |
571 |
577 |
576 |
| Total Non-Interest Expense |
|
4,569 |
- |
4,459 |
4,214 |
4,204 |
- |
4,232 |
4,181 |
4,197 |
4,227 |
4,265 |
| Salaries and Employee Benefits |
|
2,646 |
- |
2,691 |
2,619 |
2,637 |
- |
2,637 |
2,600 |
2,561 |
2,529 |
2,628 |
| Net Occupancy & Equipment Expense |
|
838 |
- |
803 |
825 |
841 |
- |
839 |
835 |
860 |
904 |
877 |
| Marketing Expense |
|
122 |
- |
136 |
158 |
165 |
- |
182 |
161 |
175 |
187 |
217 |
| Other Operating Expenses |
|
494 |
- |
528 |
470 |
419 |
- |
451 |
461 |
476 |
481 |
433 |
| Amortization Expense |
|
159 |
- |
146 |
142 |
142 |
- |
123 |
124 |
125 |
126 |
110 |
| Income Tax Expense |
|
382 |
- |
347 |
445 |
350 |
- |
443 |
472 |
524 |
482 |
469 |
| Net Income / (Loss) Attributable to Noncontrolling Interest |
|
8.00 |
- |
7.00 |
8.00 |
8.00 |
- |
7.00 |
6.00 |
7.00 |
6.00 |
5.00 |
| Basic Earnings per Share |
|
$0.84 |
- |
$0.78 |
$0.97 |
$1.03 |
- |
$1.03 |
$1.11 |
$1.22 |
$1.26 |
$1.18 |
| Weighted Average Basic Shares Outstanding |
|
1.53B |
1.54B |
1.56B |
1.56B |
1.56B |
1.56B |
1.56B |
1.56B |
1.56B |
1.56B |
1.55B |
| Diluted Earnings per Share |
|
$0.84 |
- |
$0.78 |
$0.97 |
$1.03 |
- |
$1.03 |
$1.11 |
$1.22 |
$1.26 |
$1.18 |
| Weighted Average Diluted Shares Outstanding |
|
1.53B |
1.54B |
1.56B |
1.56B |
1.56B |
1.56B |
1.56B |
1.56B |
1.56B |
1.56B |
1.56B |
| Weighted Average Basic & Diluted Shares Outstanding |
|
1.53B |
1.56B |
1.56B |
1.56B |
- |
1.56B |
1.56B |
1.56B |
1.55B |
1.55B |
1.55B |
| Cash Dividends to Common per Share |
|
$0.48 |
- |
$0.49 |
- |
- |
- |
$0.50 |
- |
- |
- |
$0.52 |
Annual Cash Flow Statements for U.S. Bancorp
This table details how cash moves in and out of U.S. Bancorp's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.
| Metric |
|
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
2025 |
| Net Change in Cash & Equivalents |
|
493 |
4,558 |
3,800 |
1,948 |
952 |
40,175 |
-33,675 |
24,637 |
7,650 |
-4,690 |
-9,612 |
| Net Cash From Operating Activities |
|
8,782 |
5,336 |
6,472 |
10,564 |
4,889 |
3,716 |
9,870 |
21,119 |
8,393 |
11,350 |
7,970 |
| Net Cash From Continuing Operating Activities |
|
8,782 |
5,336 |
6,472 |
10,564 |
4,889 |
3,716 |
9,870 |
21,119 |
8,393 |
11,350 |
7,970 |
| Net Income / (Loss) Continuing Operations |
|
5,879 |
5,888 |
6,218 |
7,096 |
6,914 |
4,959 |
7,963 |
5,825 |
5,429 |
6,299 |
7,570 |
| Consolidated Net Income / (Loss) |
|
5,879 |
5,888 |
6,218 |
7,096 |
6,914 |
4,959 |
7,963 |
5,825 |
5,429 |
6,299 |
7,570 |
| Provision For Loan Losses |
|
1,132 |
1,324 |
1,390 |
- |
1,504 |
3,806 |
-1,173 |
1,977 |
2,275 |
2,238 |
2,186 |
| Depreciation Expense |
|
307 |
291 |
293 |
306 |
334 |
351 |
338 |
345 |
382 |
370 |
377 |
| Amortization Expense |
|
174 |
179 |
175 |
161 |
168 |
176 |
159 |
215 |
636 |
569 |
498 |
| Non-Cash Adjustments to Reconcile Net Income |
|
1,290 |
-2,346 |
-1,604 |
1,991 |
-4,031 |
-5,576 |
2,583 |
12,757 |
-329 |
1,874 |
-2,661 |
| Net Cash From Investing Activities |
|
-21,150 |
-17,958 |
-12,126 |
-8,977 |
-21,560 |
-15,440 |
-57,487 |
7,500 |
18,925 |
-24,534 |
-20,538 |
| Net Cash From Continuing Investing Activities |
|
-21,150 |
-17,958 |
-12,180 |
-8,977 |
-21,560 |
-15,440 |
-57,487 |
7,500 |
18,925 |
-24,534 |
-20,538 |
| Purchase of Investment Securities |
|
-47,525 |
-54,797 |
-31,016 |
-23,746 |
-45,615 |
-80,364 |
-103,935 |
-39,188 |
-11,894 |
-41,358 |
-30,331 |
| Sale and/or Maturity of Investments |
|
26,375 |
36,839 |
26,890 |
24,292 |
33,926 |
58,574 |
63,907 |
74,006 |
29,394 |
24,102 |
27,836 |
| Other Investing Activities, net |
|
- |
- |
-8,054 |
-9,523 |
-9,871 |
6,350 |
-17,459 |
-27,318 |
1,425 |
-7,278 |
-18,043 |
| Net Cash From Financing Activities |
|
12,861 |
17,180 |
9,454 |
361 |
17,623 |
51,899 |
13,942 |
-3,982 |
-19,998 |
8,821 |
2,250 |
| Net Cash From Continuing Financing Activities |
|
12,861 |
17,180 |
9,454 |
361 |
17,623 |
51,899 |
13,942 |
-3,982 |
-19,998 |
8,821 |
2,250 |
| Net Change in Deposits |
|
18,290 |
34,192 |
12,625 |
-1,740 |
16,441 |
67,854 |
26,313 |
-17,215 |
-12,567 |
6,251 |
3,330 |
| Issuance of Debt |
|
3,051 |
10,715 |
12,122 |
12,078 |
19,483 |
14,501 |
2,626 |
8,732 |
-925 |
12,256 |
10,360 |
| Issuance of Common Equity |
|
295 |
355 |
159 |
86 |
88 |
15 |
43 |
21 |
951 |
32 |
45 |
| Repayment of Debt |
|
-5,311 |
-23,409 |
-10,517 |
-5,440 |
-11,119 |
-26,433 |
-11,402 |
8,287 |
-4,084 |
-6,042 |
-7,408 |
| Repurchase of Common Equity |
|
-2,190 |
-2,556 |
-2,631 |
-2,822 |
-4,525 |
-1,672 |
-1,555 |
-69 |
-62 |
-173 |
-489 |
| Payment of Dividends |
|
-2,019 |
-2,077 |
-2,212 |
-2,366 |
-2,745 |
-2,852 |
-2,887 |
-3,075 |
-3,311 |
-3,448 |
-3,502 |
| Other Financing Activities, Net |
|
0.00 |
-40 |
- |
- |
- |
0.00 |
-167 |
0.00 |
0.00 |
-55 |
-86 |
| Effect of Exchange Rate Changes |
|
- |
- |
- |
- |
- |
- |
- |
- |
330 |
-327 |
706 |
| Cash Interest Paid |
|
1,434 |
1,591 |
2,086 |
3,056 |
4,404 |
2,199 |
1,061 |
2,717 |
12,282 |
15,382 |
14,388 |
| Cash Income Taxes Paid |
|
742 |
595 |
555 |
365 |
941 |
1,025 |
535 |
767 |
645 |
499 |
544 |
Quarterly Cash Flow Statements for U.S. Bancorp
This table details how cash moves in and out of U.S. Bancorp's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.
| Metric |
|
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Q2 2025 |
Q3 2025 |
Q4 2025 |
Q1 2026 |
| Net Change in Cash & Equivalents |
|
-6,288 |
- |
15,793 |
-11,153 |
7,730 |
- |
-6,489 |
7,794 |
8,830 |
-19,747 |
1,530 |
| Net Cash From Operating Activities |
|
3,873 |
- |
2,661 |
2,874 |
972 |
- |
-308 |
2,031 |
3,388 |
2,836 |
1,340 |
| Net Cash From Continuing Operating Activities |
|
3,873 |
- |
2,661 |
2,874 |
972 |
- |
-308 |
2,031 |
3,388 |
2,836 |
1,340 |
| Net Income / (Loss) Continuing Operations |
|
1,523 |
- |
1,319 |
1,603 |
1,714 |
- |
1,709 |
1,815 |
2,001 |
2,045 |
1,945 |
| Consolidated Net Income / (Loss) |
|
1,523 |
- |
1,319 |
1,603 |
1,714 |
- |
1,709 |
1,815 |
2,001 |
2,045 |
1,945 |
| Provision For Loan Losses |
|
515 |
- |
553 |
568 |
557 |
- |
537 |
501 |
571 |
577 |
576 |
| Depreciation Expense |
|
95 |
- |
90 |
92 |
89 |
- |
92 |
93 |
91 |
101 |
94 |
| Amortization Expense |
|
161 |
- |
146 |
142 |
142 |
- |
123 |
124 |
125 |
126 |
110 |
| Non-Cash Adjustments to Reconcile Net Income |
|
1,579 |
- |
553 |
469 |
-1,530 |
- |
-2,769 |
-502 |
600 |
-13 |
-1,385 |
| Net Cash From Investing Activities |
|
5,636 |
- |
-4,953 |
-8,328 |
1,622 |
- |
-2,548 |
-1,370 |
230 |
-16,850 |
-5,351 |
| Net Cash From Continuing Investing Activities |
|
5,636 |
- |
-4,953 |
-8,328 |
1,622 |
- |
-2,548 |
-1,370 |
230 |
-16,850 |
-5,351 |
| Purchase of Investment Securities |
|
-2,674 |
- |
-5,472 |
-9,722 |
-10,409 |
- |
-3,603 |
-10,624 |
-2,838 |
-13,266 |
-9,764 |
| Sale and/or Maturity of Investments |
|
3,308 |
- |
1,647 |
5,171 |
8,661 |
- |
4,504 |
12,973 |
5,576 |
4,783 |
7,297 |
| Other Investing Activities, net |
|
5,002 |
- |
-1,128 |
-3,777 |
3,370 |
- |
-3,449 |
-3,719 |
-2,508 |
-8,367 |
-2,884 |
| Net Cash From Financing Activities |
|
-15,797 |
- |
18,085 |
-5,699 |
5,136 |
- |
-3,896 |
7,133 |
5,212 |
-6,439 |
5,673 |
| Net Cash From Continuing Financing Activities |
|
-15,797 |
- |
18,085 |
-5,699 |
5,136 |
- |
-3,896 |
7,133 |
5,212 |
-6,439 |
5,673 |
| Net Change in Deposits |
|
-3,243 |
- |
15,751 |
-4,278 |
-2,654 |
- |
-5,998 |
6,191 |
7,425 |
-4,504 |
6,070 |
| Issuance of Debt |
|
-10,414 |
- |
5,388 |
837 |
11,014 |
- |
5,230 |
3,618 |
1,374 |
138 |
3,986 |
| Issuance of Common Equity |
|
936 |
- |
13 |
1.00 |
8.00 |
- |
16 |
6.00 |
10 |
13 |
16 |
| Repayment of Debt |
|
-2,262 |
- |
-2,172 |
-1,380 |
-2,364 |
- |
-2,101 |
-1,649 |
-2,622 |
-1,036 |
-3,225 |
| Repurchase of Common Equity |
|
-1.00 |
- |
-49 |
-1.00 |
-1.00 |
- |
-160 |
-106 |
-101 |
-122 |
-276 |
| Payment of Dividends |
|
-813 |
- |
-846 |
-871 |
-844 |
- |
-859 |
-880 |
-853 |
-910 |
-884 |
| Other Financing Activities, Net |
|
- |
- |
- |
- |
-23 |
- |
-24 |
- |
-21 |
-18 |
-14 |
| Effect of Exchange Rate Changes |
|
- |
- |
- |
- |
- |
- |
263 |
- |
- |
- |
-132 |
Annual Balance Sheets for U.S. Bancorp
This table presents U.S. Bancorp's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.
| Metric |
|
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
2025 |
| Total Assets |
|
421,853 |
445,964 |
462,040 |
467,374 |
495,426 |
553,905 |
573,284 |
674,805 |
663,491 |
678,318 |
692,345 |
| Cash and Due from Banks |
|
11,147 |
15,705 |
19,505 |
21,453 |
22,405 |
62,580 |
28,905 |
53,542 |
61,192 |
56,502 |
46,890 |
| Trading Account Securities |
|
108,771 |
114,101 |
116,053 |
112,165 |
128,191 |
145,601 |
140,738 |
163,850 |
155,952 |
167,199 |
169,546 |
| Loans and Leases, Net of Allowance |
|
256,986 |
269,394 |
276,507 |
282,837 |
292,082 |
290,393 |
0.00 |
381,277 |
366,456 |
372,249 |
383,730 |
| Loans and Leases |
|
260,849 |
273,207 |
280,432 |
286,810 |
296,102 |
297,707 |
- |
388,213 |
373,835 |
379,832 |
391,335 |
| Allowance for Loan and Lease Losses |
|
3,863 |
3,813 |
3,925 |
3,973 |
4,020 |
7,314 |
- |
6,936 |
7,379 |
7,583 |
7,605 |
| Goodwill |
|
9,361 |
9,344 |
9,434 |
9,369 |
9,655 |
9,918 |
10,262 |
12,373 |
12,489 |
12,536 |
12,635 |
| Intangible Assets |
|
3,350 |
3,303 |
3,228 |
3,392 |
3,223 |
2,864 |
3,738 |
7,155 |
6,084 |
5,547 |
4,904 |
| Other Assets |
|
29,725 |
31,674 |
311,388 |
33,645 |
36,168 |
39,081 |
80,032 |
52,750 |
57,695 |
60,720 |
70,872 |
| Total Liabilities & Shareholders' Equity |
|
421,853 |
445,964 |
462,040 |
467,374 |
495,426 |
553,905 |
573,284 |
674,805 |
663,491 |
678,318 |
692,345 |
| Total Liabilities |
|
375,036 |
398,031 |
412,374 |
415,717 |
442,943 |
500,180 |
517,897 |
623,573 |
607,720 |
619,278 |
626,694 |
| Non-Interest Bearing Deposits |
|
83,766 |
86,097 |
87,557 |
81,811 |
75,590 |
118,089 |
134,901 |
137,743 |
89,989 |
84,158 |
84,116 |
| Interest Bearing Deposits |
|
216,634 |
248,493 |
259,658 |
263,664 |
286,326 |
311,681 |
321,182 |
387,233 |
422,323 |
434,151 |
438,100 |
| Short-Term Debt |
|
27,877 |
13,963 |
16,651 |
14,139 |
23,723 |
11,766 |
11,796 |
31,216 |
15,279 |
15,518 |
17,162 |
| Long-Term Debt |
|
32,078 |
33,323 |
32,259 |
41,340 |
40,167 |
41,297 |
32,125 |
39,829 |
51,480 |
58,002 |
60,764 |
| Other Long-Term Liabilities |
|
14,681 |
16,155 |
16,249 |
14,763 |
17,137 |
17,347 |
17,893 |
27,552 |
28,649 |
27,449 |
26,552 |
| Total Equity & Noncontrolling Interests |
|
46,817 |
47,933 |
49,666 |
51,657 |
52,483 |
53,725 |
55,387 |
51,232 |
55,771 |
59,040 |
65,651 |
| Total Preferred & Common Equity |
|
46,131 |
47,298 |
49,040 |
51,029 |
51,853 |
53,095 |
54,918 |
50,766 |
55,306 |
58,578 |
65,193 |
| Total Common Equity |
|
46,131 |
47,298 |
49,040 |
45,045 |
51,853 |
47,112 |
54,918 |
50,766 |
55,306 |
58,578 |
65,193 |
| Common Stock |
|
8,397 |
8,461 |
-9,117 |
8,490 |
8,496 |
8,532 |
8,560 |
8,733 |
8,694 |
8,736 |
8,749 |
| Retained Earnings |
|
46,377 |
50,151 |
54,142 |
59,065 |
63,186 |
64,188 |
69,201 |
71,901 |
74,026 |
76,863 |
80,906 |
| Treasury Stock |
|
-13,125 |
-15,280 |
- |
- |
- |
-25,930 |
-27,271 |
-25,269 |
-24,126 |
-24,065 |
-24,283 |
| Accumulated Other Comprehensive Income / (Loss) |
|
-1,019 |
-1,535 |
-1,404 |
-2,322 |
-1,373 |
322 |
-1,943 |
-11,407 |
-10,096 |
-9,764 |
-6,987 |
| Other Equity Adjustments |
|
5,501 |
5,501 |
5,419 |
-20,188 |
-18,456 |
- |
6,371 |
6,808 |
6,808 |
6,808 |
6,808 |
| Noncontrolling Interest |
|
686 |
635 |
626 |
628 |
630 |
630 |
469 |
466 |
465 |
462 |
458 |
Quarterly Balance Sheets for U.S. Bancorp
This table presents U.S. Bancorp's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.
| Metric |
|
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Q2 2025 |
Q3 2025 |
Q1 2026 |
| Total Assets |
|
680,825 |
668,039 |
663,491 |
683,606 |
680,058 |
686,469 |
678,318 |
676,489 |
686,370 |
695,357 |
700,998 |
| Cash and Due from Banks |
|
70,642 |
64,354 |
61,192 |
76,985 |
65,832 |
73,562 |
56,502 |
50,013 |
57,807 |
66,637 |
48,420 |
| Trading Account Securities |
|
71,582 |
69,543 |
155,952 |
157,454 |
163,867 |
164,940 |
167,199 |
166,528 |
170,744 |
168,486 |
171,834 |
| Loans and Leases, Net of Allowance |
|
0.00 |
0.00 |
366,456 |
367,074 |
368,584 |
366,604 |
372,249 |
374,235 |
372,706 |
374,960 |
392,150 |
| Loans and Leases |
|
- |
- |
373,835 |
374,588 |
376,133 |
374,164 |
379,832 |
381,819 |
380,243 |
382,517 |
399,796 |
| Allowance for Loan and Lease Losses |
|
- |
- |
7,379 |
7,514 |
7,549 |
7,560 |
7,583 |
7,584 |
7,537 |
7,557 |
7,646 |
| Goodwill |
|
12,486 |
12,472 |
12,489 |
12,479 |
12,476 |
12,573 |
12,536 |
12,555 |
12,637 |
12,634 |
12,625 |
| Intangible Assets |
|
6,634 |
6,435 |
6,084 |
6,031 |
5,757 |
5,488 |
5,547 |
5,381 |
5,285 |
5,152 |
4,799 |
| Other Assets |
|
143,522 |
143,603 |
57,695 |
60,046 |
59,972 |
59,717 |
60,720 |
64,195 |
63,566 |
63,793 |
67,351 |
| Total Liabilities & Shareholders' Equity |
|
680,825 |
668,039 |
663,491 |
683,606 |
680,058 |
686,469 |
678,318 |
676,489 |
686,370 |
695,357 |
700,998 |
| Total Liabilities |
|
627,341 |
614,461 |
607,720 |
627,573 |
623,173 |
627,148 |
619,278 |
615,931 |
624,474 |
631,559 |
634,751 |
| Non-Interest Bearing Deposits |
|
104,996 |
98,006 |
89,989 |
91,220 |
86,756 |
86,838 |
84,158 |
84,086 |
86,972 |
91,550 |
85,300 |
| Interest Bearing Deposits |
|
416,604 |
420,352 |
422,323 |
436,843 |
437,029 |
434,293 |
434,151 |
428,439 |
431,745 |
434,599 |
442,878 |
| Short-Term Debt |
|
32,334 |
21,900 |
15,279 |
17,102 |
16,557 |
23,708 |
15,518 |
17,158 |
15,039 |
15,449 |
17,859 |
| Long-Term Debt |
|
45,283 |
43,074 |
51,480 |
52,693 |
52,720 |
54,839 |
58,002 |
59,859 |
64,013 |
62,535 |
61,361 |
| Other Long-Term Liabilities |
|
28,124 |
31,129 |
28,649 |
29,715 |
30,111 |
27,470 |
27,449 |
26,389 |
26,705 |
27,426 |
27,353 |
| Total Equity & Noncontrolling Interests |
|
53,484 |
53,578 |
55,771 |
56,033 |
56,885 |
59,321 |
59,040 |
60,558 |
61,896 |
63,798 |
66,247 |
| Total Preferred & Common Equity |
|
53,019 |
53,113 |
55,306 |
55,568 |
56,420 |
58,859 |
58,578 |
60,096 |
61,438 |
63,340 |
65,786 |
| Total Common Equity |
|
53,019 |
53,113 |
55,306 |
55,568 |
56,420 |
58,859 |
58,578 |
60,096 |
61,438 |
63,340 |
65,786 |
| Common Stock |
|
8,763 |
8,705 |
8,694 |
8,663 |
8,709 |
8,750 |
8,736 |
8,699 |
8,727 |
8,766 |
8,644 |
| Retained Earnings |
|
73,355 |
74,023 |
74,026 |
74,473 |
75,231 |
76,057 |
76,863 |
77,691 |
78,652 |
79,742 |
81,944 |
| Treasury Stock |
|
-25,189 |
-24,168 |
-24,126 |
-24,023 |
-24,020 |
-24,010 |
-24,065 |
-24,060 |
-24,140 |
-24,228 |
-24,387 |
| Accumulated Other Comprehensive Income / (Loss) |
|
-10,718 |
-12,255 |
-10,096 |
-10,353 |
-10,308 |
-8,746 |
-9,764 |
-9,042 |
-8,609 |
-7,748 |
-7,223 |
| Other Equity Adjustments |
|
6,808 |
6,808 |
6,808 |
6,808 |
6,808 |
6,808 |
6,808 |
6,808 |
6,808 |
6,808 |
6,808 |
| Noncontrolling Interest |
|
465 |
465 |
465 |
465 |
465 |
462 |
462 |
462 |
458 |
458 |
461 |
Annual Metrics And Ratios for U.S. Bancorp
This table displays calculated financial ratios and metrics derived from U.S. Bancorp's official financial filings.
| Metric |
|
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
2025 |
| Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Adjusted Basic Earnings per Share |
|
$3.18 |
$3.25 |
$3.53 |
$4.15 |
$4.16 |
$3.06 |
$5.11 |
$3.69 |
$3.27 |
$3.79 |
$4.62 |
| Adjusted Weighted Average Basic Shares Outstanding |
|
1.76B |
1.72B |
1.68B |
1.63B |
1.58B |
1.51B |
1.49B |
1.49B |
1.54B |
1.56B |
1.56B |
| Adjusted Diluted Earnings per Share |
|
$3.16 |
$3.24 |
$3.51 |
$4.14 |
$4.16 |
$3.06 |
$5.10 |
$3.69 |
$3.27 |
$3.79 |
$4.62 |
| Adjusted Weighted Average Diluted Shares Outstanding |
|
1.77B |
1.72B |
1.68B |
1.64B |
1.58B |
1.51B |
1.49B |
1.49B |
1.54B |
1.56B |
1.56B |
| Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
| Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
1.74B |
1.69B |
1.65B |
1.60B |
1.52B |
1.50B |
1.48B |
1.53B |
1.56B |
1.56B |
1.55B |
| Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Quarterly Metrics And Ratios for U.S. Bancorp
This table displays calculated financial ratios and metrics derived from U.S. Bancorp's official financial filings.
| Metric |
|
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Q2 2025 |
Q3 2025 |
Q4 2025 |
Q1 2026 |
| DEI Shares Outstanding |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
1,553,695,799.00 |
| DEI Adjusted Shares Outstanding |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
1,553,695,799.00 |
| DEI Earnings Per Adjusted Shares Outstanding |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
1.26 |
| Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Revenue Growth |
|
11.18% |
0.00% |
-6.39% |
-4.24% |
0.00% |
0.00% |
3.64% |
2.00% |
6.83% |
- |
4.79% |
| EBITDA Growth |
|
-8.82% |
-100.00% |
-20.99% |
14.16% |
4.16% |
0.00% |
24.36% |
9.61% |
19.32% |
- |
10.49% |
| EBIT Growth |
|
-14.89% |
-100.00% |
-22.51% |
17.42% |
5.98% |
0.00% |
29.05% |
11.53% |
22.20% |
- |
12.04% |
| NOPAT Growth |
|
-16.08% |
-100.00% |
-22.18% |
17.68% |
12.99% |
0.00% |
29.41% |
13.04% |
16.61% |
- |
13.64% |
| Net Income Growth |
|
-16.08% |
0.00% |
-22.18% |
17.68% |
0.00% |
0.00% |
29.41% |
13.04% |
16.61% |
- |
13.64% |
| EPS Growth |
|
-21.55% |
0.00% |
-25.00% |
15.48% |
0.00% |
0.00% |
32.05% |
14.43% |
18.45% |
- |
14.56% |
| Operating Cash Flow Growth |
|
10.50% |
0.00% |
216.03% |
-13.33% |
-74.90% |
0.00% |
-110.71% |
-29.33% |
248.56% |
- |
535.06% |
| Free Cash Flow Firm Growth |
|
-538.49% |
98.85% |
161.90% |
124.91% |
-49.66% |
-3,864.43% |
-135.99% |
-297.94% |
89.17% |
- |
40.76% |
| Invested Capital Growth |
|
12.61% |
0.21% |
-17.42% |
-3.77% |
16.29% |
8.19% |
9.34% |
11.72% |
2.84% |
- |
5.74% |
| Revenue Q/Q Growth |
|
-1.97% |
0.00% |
-0.68% |
2.29% |
-0.07% |
0.00% |
0.00% |
0.68% |
4.66% |
- |
-1.05% |
| EBITDA Q/Q Growth |
|
10.22% |
-100.00% |
52.72% |
19.96% |
0.57% |
0.00% |
0.00% |
5.73% |
9.48% |
- |
-4.96% |
| EBIT Q/Q Growth |
|
11.65% |
-100.00% |
67.30% |
22.89% |
0.78% |
0.00% |
0.00% |
6.21% |
10.42% |
- |
-4.50% |
| NOPAT Q/Q Growth |
|
11.32% |
-100.00% |
54.01% |
21.49% |
6.89% |
0.00% |
0.00% |
6.12% |
10.27% |
- |
-4.92% |
| Net Income Q/Q Growth |
|
11.32% |
0.00% |
54.01% |
21.49% |
6.89% |
0.00% |
0.00% |
6.12% |
10.27% |
- |
-4.92% |
| EPS Q/Q Growth |
|
8.33% |
0.00% |
62.50% |
24.36% |
6.19% |
0.00% |
0.00% |
7.77% |
9.91% |
- |
-6.35% |
| Operating Cash Flow Q/Q Growth |
|
16.80% |
0.00% |
539.66% |
8.00% |
-66.18% |
0.00% |
0.00% |
812.63% |
66.81% |
- |
-52.75% |
| Free Cash Flow Firm Q/Q Growth |
|
55.29% |
97.85% |
4,484.21% |
-76.50% |
-368.61% |
0.00% |
-0.01% |
-29.25% |
85.30% |
- |
33.73% |
| Invested Capital Q/Q Growth |
|
-9.57% |
3.36% |
2.69% |
0.27% |
9.28% |
0.00% |
3.78% |
2.45% |
0.59% |
- |
1.32% |
| Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| EBITDA Margin |
|
31.59% |
0.00% |
28.56% |
33.49% |
33.70% |
0.00% |
34.27% |
35.99% |
37.64% |
- |
36.13% |
| EBIT Margin |
|
27.93% |
0.00% |
25.03% |
30.07% |
30.32% |
0.00% |
31.16% |
32.87% |
34.68% |
- |
33.32% |
| Profit (Net Income) Margin |
|
21.77% |
0.00% |
19.84% |
23.56% |
25.20% |
0.00% |
24.77% |
26.11% |
27.51% |
- |
26.86% |
| Tax Burden Percent |
|
77.95% |
0.00% |
79.26% |
78.36% |
83.11% |
0.00% |
79.48% |
79.42% |
79.30% |
- |
80.61% |
| Interest Burden Percent |
|
100.00% |
0.00% |
100.00% |
100.00% |
100.00% |
0.00% |
100.00% |
100.00% |
100.00% |
- |
100.00% |
| Effective Tax Rate |
|
22.05% |
0.00% |
20.74% |
21.64% |
16.89% |
0.00% |
20.52% |
20.58% |
20.70% |
- |
19.39% |
| Return on Invested Capital (ROIC) |
|
5.37% |
0.00% |
3.93% |
4.99% |
0.00% |
0.00% |
5.19% |
5.42% |
5.54% |
- |
5.48% |
| ROIC Less NNEP Spread (ROIC-NNEP) |
|
5.37% |
0.00% |
3.93% |
4.99% |
0.00% |
0.00% |
5.19% |
5.42% |
5.54% |
- |
5.48% |
| Return on Net Nonoperating Assets (RNNOA) |
|
6.47% |
0.00% |
6.06% |
6.64% |
0.00% |
0.00% |
6.53% |
6.77% |
7.05% |
- |
6.75% |
| Return on Equity (ROE) |
|
11.84% |
0.00% |
9.98% |
11.64% |
0.00% |
0.00% |
11.72% |
12.18% |
12.59% |
- |
12.23% |
| Cash Return on Invested Capital (CROIC) |
|
-6.93% |
4.25% |
22.74% |
7.98% |
-15.07% |
-2.90% |
-3.82% |
-5.88% |
2.36% |
- |
-0.04% |
| Operating Return on Assets (OROA) |
|
1.22% |
0.00% |
1.01% |
1.20% |
0.00% |
0.00% |
1.26% |
1.33% |
1.41% |
- |
1.40% |
| Return on Assets (ROA) |
|
0.95% |
0.00% |
0.80% |
0.94% |
0.00% |
0.00% |
1.00% |
1.06% |
1.12% |
- |
1.13% |
| Return on Common Equity (ROCE) |
|
11.73% |
0.00% |
9.90% |
11.54% |
0.00% |
0.00% |
11.62% |
12.09% |
12.50% |
- |
12.14% |
| Return on Equity Simple (ROE_SIMPLE) |
|
10.41% |
0.00% |
9.14% |
9.43% |
0.00% |
0.00% |
11.18% |
11.28% |
11.39% |
- |
11.90% |
| Net Operating Profit after Tax (NOPAT) |
|
1,524 |
0.00 |
1,326 |
1,611 |
1,722 |
0.00 |
1,716 |
1,821 |
2,008 |
- |
1,950 |
| NOPAT Margin |
|
21.77% |
0.00% |
19.84% |
23.56% |
25.20% |
0.00% |
24.77% |
26.11% |
27.51% |
- |
26.86% |
| Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
- |
0.00% |
| SG&A Expenses to Revenue |
|
51.64% |
0.00% |
54.30% |
52.68% |
53.31% |
0.00% |
52.80% |
51.56% |
49.26% |
- |
51.27% |
| Operating Expenses to Revenue |
|
64.71% |
0.00% |
66.70% |
61.63% |
61.53% |
0.00% |
61.09% |
59.94% |
57.49% |
- |
58.75% |
| Earnings before Interest and Taxes (EBIT) |
|
1,955 |
0.00 |
1,673 |
2,056 |
2,072 |
0.00 |
2,159 |
2,293 |
2,532 |
- |
2,419 |
| Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
2,211 |
0.00 |
1,909 |
2,290 |
2,303 |
0.00 |
2,374 |
2,510 |
2,748 |
- |
2,623 |
| Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Price to Book Value (P/BV) |
|
0.92 |
1.16 |
1.24 |
1.10 |
1.16 |
1.27 |
1.10 |
1.15 |
1.19 |
- |
1.23 |
| Price to Tangible Book Value (P/TBV) |
|
1.43 |
1.75 |
1.85 |
1.62 |
1.67 |
1.84 |
1.56 |
1.62 |
1.65 |
- |
1.67 |
| Price to Revenue (P/Rev) |
|
1.77 |
2.30 |
2.49 |
2.27 |
0.00 |
2.73 |
2.39 |
2.54 |
2.67 |
- |
2.80 |
| Price to Earnings (P/E) |
|
8.89 |
11.86 |
13.61 |
11.71 |
0.00 |
11.85 |
9.85 |
10.22 |
10.46 |
- |
10.35 |
| Dividend Yield |
|
6.01% |
4.67% |
4.39% |
4.91% |
4.50% |
4.14% |
4.71% |
4.42% |
4.18% |
- |
3.96% |
| Earnings Yield |
|
11.25% |
8.43% |
7.35% |
8.54% |
0.00% |
8.44% |
10.16% |
9.79% |
9.56% |
- |
9.66% |
| Enterprise Value to Invested Capital (EV/IC) |
|
0.42 |
0.57 |
0.49 |
0.52 |
0.53 |
0.69 |
0.68 |
0.65 |
0.61 |
- |
0.77 |
| Enterprise Value to Revenue (EV/Rev) |
|
1.81 |
2.51 |
2.25 |
2.42 |
0.00 |
3.37 |
3.38 |
3.33 |
3.09 |
- |
3.88 |
| Enterprise Value to EBITDA (EV/EBITDA) |
|
6.32 |
8.94 |
8.41 |
8.60 |
0.00 |
10.41 |
10.02 |
9.67 |
8.72 |
- |
10.53 |
| Enterprise Value to EBIT (EV/EBIT) |
|
7.18 |
10.26 |
9.72 |
9.85 |
0.00 |
11.65 |
11.12 |
10.68 |
9.57 |
- |
11.46 |
| Enterprise Value to NOPAT (EV/NOPAT) |
|
9.05 |
12.91 |
12.21 |
12.38 |
0.00 |
14.56 |
13.89 |
13.31 |
12.06 |
- |
14.31 |
| Enterprise Value to Operating Cash Flow (EV/OCF) |
|
3.35 |
8.34 |
6.04 |
6.70 |
0.00 |
8.17 |
11.21 |
12.32 |
8.79 |
- |
11.65 |
| Enterprise Value to Free Cash Flow (EV/FCFF) |
|
0.00 |
13.53 |
1.96 |
6.42 |
0.00 |
0.00 |
0.00 |
0.00 |
26.36 |
- |
0.00 |
| Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Debt to Equity |
|
1.21 |
1.20 |
1.25 |
1.22 |
1.32 |
1.25 |
1.27 |
1.28 |
1.22 |
- |
1.20 |
| Long-Term Debt to Equity |
|
0.80 |
0.92 |
0.94 |
0.93 |
0.92 |
0.98 |
0.99 |
1.03 |
0.98 |
- |
0.93 |
| Financial Leverage |
|
1.20 |
1.29 |
1.54 |
1.33 |
1.27 |
1.22 |
1.26 |
1.25 |
1.27 |
- |
1.23 |
| Leverage Ratio |
|
12.50 |
12.51 |
12.48 |
12.33 |
12.00 |
11.69 |
11.67 |
11.50 |
11.22 |
- |
10.86 |
| Compound Leverage Factor |
|
12.50 |
0.00 |
12.48 |
12.33 |
12.00 |
0.00 |
11.67 |
11.50 |
11.22 |
- |
10.86 |
| Debt to Total Capital |
|
54.81% |
54.48% |
55.47% |
54.91% |
56.97% |
55.46% |
55.98% |
56.09% |
55.00% |
- |
54.46% |
| Short-Term Debt to Total Capital |
|
18.47% |
12.47% |
13.59% |
13.12% |
17.20% |
11.71% |
12.47% |
10.67% |
10.90% |
- |
12.28% |
| Long-Term Debt to Total Capital |
|
36.33% |
42.01% |
41.88% |
41.79% |
39.78% |
43.76% |
43.51% |
45.42% |
44.11% |
- |
42.18% |
| Preferred Equity to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
- |
0.00% |
| Noncontrolling Interests to Total Capital |
|
0.39% |
0.38% |
0.37% |
0.37% |
0.34% |
0.35% |
0.34% |
0.32% |
0.32% |
- |
0.32% |
| Common Equity to Total Capital |
|
44.80% |
45.14% |
44.16% |
44.72% |
42.69% |
44.19% |
43.68% |
43.59% |
44.67% |
- |
45.22% |
| Debt to EBITDA |
|
8.22 |
8.47 |
9.46 |
9.04 |
0.00 |
8.31 |
8.27 |
8.29 |
7.82 |
- |
7.44 |
| Net Debt to EBITDA |
|
0.08 |
0.71 |
-0.97 |
0.45 |
0.00 |
1.92 |
2.90 |
2.23 |
1.14 |
- |
2.89 |
| Long-Term Debt to EBITDA |
|
5.45 |
6.53 |
7.14 |
6.88 |
0.00 |
6.56 |
6.43 |
6.71 |
6.27 |
- |
5.77 |
| Debt to NOPAT |
|
11.76 |
12.23 |
13.74 |
13.02 |
0.00 |
11.62 |
11.46 |
11.41 |
10.81 |
- |
10.12 |
| Net Debt to NOPAT |
|
0.11 |
1.02 |
-1.42 |
0.65 |
0.00 |
2.69 |
4.02 |
3.07 |
1.57 |
- |
3.93 |
| Long-Term Debt to NOPAT |
|
7.79 |
9.43 |
10.37 |
9.91 |
0.00 |
9.16 |
8.91 |
9.24 |
8.67 |
- |
7.84 |
| Noncontrolling Interest Sharing Ratio |
|
0.92% |
0.00% |
0.85% |
0.84% |
0.82% |
0.00% |
0.80% |
0.78% |
0.75% |
- |
0.73% |
| Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Free Cash Flow to Firm (FCFF) |
|
-11,756 |
-253 |
27,872 |
6,550 |
-17,594 |
-10,030 |
-10,031 |
-12,965 |
-1,906 |
- |
-5,942 |
| Operating Cash Flow to CapEx |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
- |
0.00% |
| Free Cash Flow to Firm to Interest Expense |
|
-3.34 |
0.00 |
7.38 |
1.65 |
-4.45 |
0.00 |
-2.93 |
-3.65 |
-0.51 |
- |
-1.66 |
| Operating Cash Flow to Interest Expense |
|
1.10 |
0.00 |
0.70 |
0.73 |
0.25 |
0.00 |
-0.08 |
0.57 |
0.91 |
- |
0.37 |
| Operating Cash Flow Less CapEx to Interest Expense |
|
1.10 |
0.00 |
0.70 |
0.73 |
0.25 |
0.00 |
-0.08 |
0.57 |
0.91 |
- |
0.37 |
| Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Asset Turnover |
|
0.04 |
0.04 |
0.04 |
0.04 |
0.00 |
0.04 |
0.04 |
0.04 |
0.04 |
- |
0.04 |
| Fixed Asset Turnover |
|
8.16 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
- |
0.00 |
| Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Invested Capital |
|
118,552 |
122,530 |
125,828 |
126,162 |
137,868 |
132,560 |
137,575 |
140,948 |
141,782 |
- |
145,467 |
| Invested Capital Turnover |
|
0.25 |
0.23 |
0.20 |
0.21 |
0.00 |
0.21 |
0.21 |
0.21 |
0.20 |
- |
0.20 |
| Increase / (Decrease) in Invested Capital |
|
13,280 |
253 |
-26,546 |
-4,939 |
19,316 |
10,030 |
11,747 |
14,786 |
3,914 |
- |
7,892 |
| Enterprise Value (EV) |
|
50,024 |
70,440 |
62,014 |
65,860 |
73,739 |
92,119 |
93,324 |
92,204 |
87,016 |
- |
112,069 |
| Market Capitalization |
|
48,939 |
64,408 |
68,739 |
61,950 |
68,292 |
74,639 |
65,858 |
70,501 |
75,211 |
- |
80,808 |
| Book Value per Share |
|
$34.65 |
$35.52 |
$35.64 |
$36.16 |
$37.72 |
$37.55 |
$38.53 |
$39.43 |
$40.70 |
- |
$42.34 |
| Tangible Book Value per Share |
|
$22.31 |
$23.59 |
$23.77 |
$24.47 |
$26.14 |
$25.96 |
$27.03 |
$27.93 |
$29.27 |
- |
$31.13 |
| Total Capital |
|
118,552 |
122,530 |
125,828 |
126,162 |
137,868 |
132,560 |
137,575 |
140,948 |
141,782 |
- |
145,467 |
| Total Debt |
|
64,974 |
66,759 |
69,795 |
69,277 |
78,547 |
73,520 |
77,017 |
79,052 |
77,984 |
- |
79,220 |
| Total Long-Term Debt |
|
43,074 |
51,480 |
52,693 |
52,720 |
54,839 |
58,002 |
59,859 |
64,013 |
62,535 |
- |
61,361 |
| Net Debt |
|
620 |
5,567 |
-7,190 |
3,445 |
4,985 |
17,018 |
27,004 |
21,245 |
11,347 |
- |
30,800 |
| Capital Expenditures (CapEx) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
- |
0.00 |
| Net Nonoperating Expense (NNE) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
- |
0.00 |
| Net Nonoperating Obligations (NNO) |
|
64,974 |
66,759 |
69,795 |
69,277 |
78,547 |
73,520 |
77,017 |
79,052 |
77,984 |
- |
79,220 |
| Total Depreciation and Amortization (D&A) |
|
256 |
0.00 |
236 |
234 |
231 |
0.00 |
215 |
217 |
216 |
- |
204 |
| Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Adjusted Basic Earnings per Share |
|
$0.91 |
$0.00 |
$0.78 |
$0.97 |
$0.00 |
$0.00 |
$1.03 |
$1.11 |
$1.22 |
$1.26 |
$1.18 |
| Adjusted Weighted Average Basic Shares Outstanding |
|
1.55B |
1.54B |
1.56B |
1.56B |
0.00 |
1.56B |
1.56B |
1.56B |
1.56B |
1.56B |
1.55B |
| Adjusted Diluted Earnings per Share |
|
$0.91 |
$0.00 |
$0.78 |
$0.97 |
$0.00 |
$0.00 |
$1.03 |
$1.11 |
$1.22 |
$1.26 |
$1.18 |
| Adjusted Weighted Average Diluted Shares Outstanding |
|
1.55B |
1.54B |
1.56B |
1.56B |
0.00 |
1.56B |
1.56B |
1.56B |
1.56B |
1.56B |
1.56B |
| Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
| Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
1.56B |
1.56B |
1.56B |
1.56B |
0.00 |
1.56B |
1.56B |
1.56B |
1.55B |
1.55B |
1.55B |
| Normalized Net Operating Profit after Tax (NOPAT) |
|
1,745 |
0.00 |
1,449 |
1,611 |
1,722 |
0.00 |
1,716 |
1,821 |
2,008 |
- |
1,950 |
| Normalized NOPAT Margin |
|
24.93% |
0.00% |
21.67% |
23.56% |
25.20% |
0.00% |
24.77% |
26.11% |
27.51% |
- |
26.86% |
| Pre Tax Income Margin |
|
27.93% |
0.00% |
25.03% |
30.07% |
30.32% |
0.00% |
31.16% |
32.87% |
34.68% |
- |
33.32% |
| Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| EBIT to Interest Expense |
|
0.56 |
0.00 |
0.44 |
0.52 |
0.52 |
0.00 |
0.63 |
0.65 |
0.68 |
- |
0.68 |
| NOPAT to Interest Expense |
|
0.43 |
0.00 |
0.35 |
0.41 |
0.44 |
0.00 |
0.50 |
0.51 |
0.54 |
- |
0.55 |
| EBIT Less CapEx to Interest Expense |
|
0.56 |
0.00 |
0.44 |
0.52 |
0.52 |
0.00 |
0.63 |
0.65 |
0.68 |
- |
0.68 |
| NOPAT Less CapEx to Interest Expense |
|
0.43 |
0.00 |
0.35 |
0.41 |
0.44 |
0.00 |
0.50 |
0.51 |
0.54 |
- |
0.55 |
| Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Dividend Payout Ratio |
|
58.97% |
60.66% |
65.94% |
63.59% |
0.00% |
54.48% |
51.51% |
50.08% |
48.22% |
- |
45.04% |
| Augmented Payout Ratio |
|
60.03% |
61.80% |
67.26% |
64.86% |
0.00% |
57.21% |
55.74% |
55.69% |
55.00% |
- |
52.77% |
Key Financial Trends
U.S. Bancorp (NYSE: USB) showed a steadier first quarter in 2026, with earnings holding up, loan growth continuing, and liquidity still strong. Revenue and profit were both a bit softer than the prior quarter, but the balance sheet remains large and well-funded, and operating cash flow stayed positive. Compared with the same quarter a year ago, profitability is broadly improved, though the bank is also carrying a larger credit-loss reserve and a heavier debt load than it did in early 2025.
- Loan and lease balances increased to $399.8 billion in Q1 2026 from $392.1 billion in Q4 2025 and $374.2 billion in Q1 2025, showing continued core lending growth.
- Net income attributable to common shareholders was $1.945 billion in Q1 2026, up from $1.709 billion in Q1 2025 and roughly in line with recent quarters.
- Net interest income rose to $4.263 billion in Q1 2026, compared with $4.092 billion a year earlier, indicating stronger spread income year over year.
- Total revenue reached $7.26 billion, up from $6.93 billion in Q1 2025, supported by a larger non-interest income base.
- Operating cash flow was $1.34 billion in Q1 2026, which keeps the business generating cash even after investments and dividends.
- The company ended Q1 2026 with $48.4 billion of cash and due from banks, giving it a substantial liquidity cushion.
- Book equity improved modestly from $61.9 billion at Q2 2025 to $66.2 billion at Q1 2026, helped by retained earnings and overall earnings power.
- Provision for credit losses was $576 million in Q1 2026, close to recent quarters, suggesting management is still being cautious on credit.
- Total non-interest expense remained elevated at $4.265 billion, limiting pretax margin improvement.
- The allowance for loan and lease losses rose to $7.65 billion, indicating the bank is still preparing for potential credit stress.
Longer-term trend: USB’s results over the last four years show a bank that has stabilized after a more volatile 2022-2023 period. Earnings recovered meaningfully from the 2023 trough, and 2025-2026 quarterly net income has generally clustered around the low-to-mid $2 billion range before taxes, which is healthier than the weaker performance seen in late 2022 and 2023. At the same time, the balance sheet has expanded, and deposits and debt management remain important moving parts for the bank.
What investors may want to watch next: whether net interest income can keep expanding, whether deposit trends remain positive, and whether credit costs stay contained. USB looks like a large, profitable regional bank with solid liquidity and decent earnings momentum, but expense control and credit quality will likely drive the stock’s next move.
06/20/26 09:21 AM ETAI Generated. May Contain Errors.