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USB US BANCORP

NYSEFinancialsNational Commercial BanksMinneapolis, MNFY ends December 31

New 8-K: Filed an 8-K current report in the last 7 days.Profitable 5/5: Fiscal years with net income above zero, out of the last five reported.FY2025 10-K filed Feb 23, 2026 (SEC EDGAR)

FY2025 at a glance

Fundamentals from SEC filings, not quotes
Revenue
$28.7BYoYup 4.37%ended Dec 31, 2025
Net income
$7.57B26.4% margin
Diluted EPS
$4.62YoYup 21.90%
Free cash flow
—
Cash
$46.9B
Total debt
—Not meaningful for financial companies
About US BANCORP

Overview

US BANCORP (USB) is listed on NYSE; the SEC classifies it under "National Commercial Banks".

For fiscal 2025 (ended Dec 31, 2025) it reported revenue of $28.66B, up 4.4% from fiscal 2024.

Net income was $7.57B, a net margin of 26.4%.

At fiscal year end it had total assets of $692.35B and stockholders' equity of $65.19B (9.4% of assets).

Financial company (SIC 6000–6799): gross margin, current ratio, debt figures, interest coverage, the F-Score and Z'' are not meaningful for bank and insurer balance sheets, so they are left blank.

Fiscal years shown
FY2016–FY2025 (10 years)
Latest 10-K
Feb 23, 2026
Latest filing
8-KOct 30, 2026
FY2016–FY2025 · annual 10-K

Charts

Revenue and net income

Revenue and net income, fiscal years FY2016 to FY2025.
PeriodRevenueNet incomeNet margin
FY2016$21.3B$5.89B27.6%
FY2017$22.1B$6.22B28.2%
FY2018$22.6B$7.1B31.3%
FY2019—$6.91B—
FY2020—$4.96B—
FY2021—$7.96B—
FY2022—$5.83B—
FY2023$28.1B$5.43B19.3%
FY2024$27.5B$6.3B22.9%
FY2025$28.7B$7.57B26.4%

Diluted EPS

Diluted EPS, fiscal years FY2016 to FY2025.
PeriodEPS (diluted)
FY2016$3.24
FY2017$3.51
FY2018$4.14
FY2019$4.16
FY2020$3.06
FY2021$5.10
FY2022$3.69
FY2023$3.27
FY2024$3.79
FY2025$4.62

Diluted shares

Diluted shares, fiscal years FY2016 to FY2025.
PeriodDiluted shares (weighted)
FY20161.72B
FY20171.68B
FY20181.64B
FY20191.58B
FY20201.51B
FY20211.49B
FY20221.49B
FY20231.54B
FY20241.56B
FY20251.56B

Cash vs total debt

Cash vs total debt, fiscal years FY2016 to FY2025.
PeriodCash & equivalents
FY2016—
FY2017—
FY2018—
FY2019—
FY2020—
FY2021—
FY2022$53.5B
FY2023$61.2B
FY2024$56.5B
FY2025$46.9B

Total debt: Not meaningful for financial companies

Each bar is one fiscal year as reported in its 10-K; bars below the zero line are negative and gaps are years not reported. Per-share figures are as reported, not adjusted for stock splits; comparisons across a likely split are left blank.

FY2025 · 5-year trend

Ratios

Profitability

Gross marginNot meaningful for financial companies
—
Net margin
26.4%
Return on equity
12.2%
Return on assets
1.1%

Growth

Growth. Compound annual growth: (end ÷ start)^(1 ÷ years) − 1, both ends positive.
Metric1y3y CAGR5y CAGR9y CAGR
Revenueup 4.37%——up 3.35%
EPS (diluted)up 21.90%up 7.78%up 8.59%up 4.02%
Free cash flow————
Change in share count
-0.19%

Financial strength

Current ratioNot meaningful for financial companies
—
Debt / equityNot meaningful for financial companies
—
Liabilities / assets
90.5%
Net debtNot meaningful for financial companies
—
Interest coverageNot meaningful for financial companies
—
Equity / assets
9.4%

Shareholder returns

Dividends per share
$2.04
Dividends paid
$3.17B
Buybacks
$489M
Payout ratio
41.8%
Stock comp. / revenue
0.8%

Financial company (SIC 6000–6799): gross margin, current ratio, debt figures, interest coverage, the F-Score and Z'' are not meaningful for bank and insurer balance sheets, so they are left blank.

Piotroski F-Score · Altman Z''-Score

Quality screens

Piotroski F-Score

Not meaningful for financial companies.

Altman Z''-Score

Not meaningful for financial companies.

Screening heuristic, not a recommendation. Financial company (SIC 6000–6799): gross margin, current ratio, debt figures, interest coverage, the F-Score and Z'' are not meaningful for bank and insurer balance sheets, so they are left blank.

Last 10 fiscal years · newest first

Financial statements

USD millions, except per-share figures (USD). Share counts in millions.

Income statement

Income statement. USD millions, except per-share figures (USD). Share counts in millions.
MetricFY2025Dec 31, 2025FY2024Dec 31, 2024FY2023Dec 31, 2023FY2022Dec 31, 2022FY2021Dec 31, 2021FY2020Dec 31, 2020FY2019Dec 31, 2019FY2018Dec 31, 2018FY2017Dec 31, 2017FY2016Dec 31, 2016
Revenue28,65627,45528,144————22,63722,05721,308
YoY (Revenue)+4.37%-2.45%—————+2.63%+3.52%—
Interest expense——12,6113,2179932,0154,4423,2542,1441,639
Pretax income9,5177,9096,8657,30110,1666,0518,5948,6787,5178,105
Income tax1,9211,5801,4071,4632,1811,0661,6481,5541,2642,161
Net income7,5706,2995,4295,8257,9634,9596,9147,0966,2185,888
YoY (Net income)+20.18%+16.03%-6.80%-26.85%+60.58%-28.28%-2.56%+14.12%+5.60%—
EPS (basic)4.623.793.273.695.113.064.164.153.533.25
EPS (diluted)4.623.793.273.695.103.064.164.143.513.24
YoY (EPS (diluted))+21.90%+15.90%-11.38%-27.65%+66.67%-26.44%+0.48%+17.95%+8.33%—
Diluted shares (weighted)1,5581,5611,5431,4901,4901,5101,5831,6381,6831,724

Balance sheet

Balance sheet. USD millions, except per-share figures (USD). Share counts in millions.
MetricFY2025Dec 31, 2025FY2024Dec 31, 2024FY2023Dec 31, 2023FY2022Dec 31, 2022FY2021Dec 31, 2021FY2020Dec 31, 2020FY2019Dec 31, 2019FY2018Dec 31, 2018FY2017Dec 31, 2017FY2016Dec 31, 2016
Cash & equivalents46,89056,50261,19253,542——————
Goodwill12,63512,53612,48912,37310,2629,9189,6559,3699,4349,344
Intangible assets4,9045,5476,0847,1553,7382,8643,2233,3923,2283,303
Total assets692,345678,318663,491674,805573,284553,905495,426467,374462,040445,964
Short-term debt17,16215,51815,27931,21611,79611,76623,72314,13916,65113,963
Long-term debt———39,82932,12541,29740,16741,34032,25933,323
Total liabilities626,694619,278607,720623,573517,897500,180442,943415,717412,374398,031
Retained earnings80,90676,86374,02671,90169,20164,18863,18659,06554,14250,151
Stockholders' equity65,19358,57855,30650,76654,91853,09551,85351,02949,04047,298
Shares outstanding1,6001,6001,6001,5001,5001,5001,5001,6001,7001,700

Cash flow

Cash flow. USD millions, except per-share figures (USD). Share counts in millions.
MetricFY2025Dec 31, 2025FY2024Dec 31, 2024FY2023Dec 31, 2023FY2022Dec 31, 2022FY2021Dec 31, 2021FY2020Dec 31, 2020FY2019Dec 31, 2019FY2018Dec 31, 2018FY2017Dec 31, 2017FY2016Dec 31, 2016
Operating cash flow7,97011,2738,44721,1199,8703,7164,88910,564——
Stock-based compensation235232224202207189178174163150
Share repurchases48917362691,5551,6724,5252,8222,6312,556
Dividends paid3,1683,0922,9702,7762,5792,5522,4432,0921,9281,810
Dividends per share2.041.981.931.881.761.681.581.341.161.07
Key financials (annual, 10-K)

Values as reported in each fiscal year's Form 10-K (XBRL data on SEC EDGAR); growth and ratios are computed from those values. Revenue is the total revenue figure the company tagged (omitted when the only figure tagged is evidently partial, e.g. below net income); growth is only shown between consecutive ~12-month fiscal years reported with the same revenue measure. Per-share figures and share counts are as reported and not adjusted for later stock splits. — = not reported.

FY2025 · per diluted weighted share

Per share and valuation context

EPS (diluted)
$4.62
Revenue per share
$18.39
Book value per share
$41.84
Tangible book per share
$30.59
Cash per share
$30.10
Dividends per share
$2.04
Public floatas of Jun 30, 2025
$70.5B

Price ratios need a live quote. This page shows no stock prices. Per-share figures are as reported, not adjusted for stock splits; comparisons across a likely split are left blank.

Price ratio calculator

Type a share price to compute ratios from the latest 10-K figures. Nothing is stored or sent. (FY2025)

Market capPrice × diluted weighted shares
—
P/EPrice ÷ diluted EPS
—
P/BPrice ÷ book value per share
—
P/SPrice ÷ revenue per share
—
P/FCFPrice ÷ FCF per share
—
Dividend yieldDividends per share ÷ price
—
SEC EDGAR

Filing timeline

  1. 8-KNew
    Current report· Oct 29, 2026(SEC EDGAR)
    • 3.03Change in security holders' rights
    • 5.03Bylaws or fiscal year change
    • 8.01Other events
    • 9.01Financial statements and exhibits
  2. 8-KNew
    Current report· Oct 23, 2026(SEC EDGAR)
    • 5.02Officer or director changes
    • 9.01Financial statements and exhibits
  3. 8-K
    Current report· Oct 15, 2026(SEC EDGAR)
    • 2.02Results of operations
    • 7.01Regulation FD disclosure
    • 9.01Financial statements and exhibits
  4. 10-Q
    Quarterly report· Jun 30, 2026(SEC EDGAR)
  5. 8-K
    Current report· Jul 16, 2026(SEC EDGAR)
    • 2.02Results of operations
    • 7.01Regulation FD disclosure
    • 9.01Financial statements and exhibits
  6. 8-K
    Current report· Jun 24, 2026(SEC EDGAR)
    • 8.01Other events
    • 9.01Financial statements and exhibits
  7. 10-Q
    Quarterly report· Mar 31, 2026(SEC EDGAR)
  8. 8-K
    Current report· Apr 21, 2026(SEC EDGAR)
    • 5.07Shareholder vote results
    • 9.01Financial statements and exhibits
  9. 8-K
    Current report· Apr 16, 2026(SEC EDGAR)
    • 2.02Results of operations
    • 7.01Regulation FD disclosure
    • 9.01Financial statements and exhibits
  10. 8-K
    Current report· Apr 8, 2026(SEC EDGAR)
    • 7.01Regulation FD disclosure
    • 9.01Financial statements and exhibits
All filings on SEC EDGAR
SIC 6021 · National Commercial Banks

Peers (same SIC code)

Peers (same SIC code)
TickerRevenue (FY)YoYNet marginROEF-Score5y revenue
JPMJPMORGAN CHASE & CO$182B—31.3%———
BACBANK OF AMERICA CORP$113B—27.0%———
CCITIGROUP INC$85.2B—16.8%———
WFCWELLS FARGO & COMPANY$83.7B—25.5%———
COFCAPITAL ONE FINANCIAL CORP$53.4Bup 36.62%4.6%2.8%—
USBUS BANCORP (This company)$28.7Bup 4.37%26.4%12.2%—
PNCPNC FINANCIAL SERVICES GROUP, INC.$23.1Bup 7.16%———
UBSUBS Group AG——————
MFGMIZUHO FINANCIAL GROUP INC——————
Peer median$84.5Bup 21.89%25.5%2.8%——

Companies with the same 4-digit SIC code, ordered by latest revenue. The median excludes this company. — = not reported or not computable.

Frequently asked questions

What does US BANCORP do?

The SEC classifies US BANCORP under Standard Industrial Classification (SIC) code 6021, "National Commercial Banks". It is headquartered in Minneapolis, MN. It is incorporated in DE. In fiscal 2025 it reported revenue of $28.66B and net income of $7.57B in its annual 10-K report.

What was US BANCORP's revenue in 2025?

US BANCORP reported revenue of $28.66B for fiscal 2025, which ended Dec 31, 2025, up 4.4% from $27.46B in fiscal 2024, according to its annual 10-K report filed with the SEC on Feb 23, 2026.

What was US BANCORP's net income in 2025?

US BANCORP reported net income of $7.57B for fiscal 2025, a net margin of 26.4% of revenue.

Where is US BANCORP listed?

According to the SEC, US BANCORP's ticker USB is listed on NYSE. The SEC also lists the tickers USB-PA, USB-PH, USB-PP, USB-PQ, USB-PR and USB-PS for the company.

When does US BANCORP's fiscal year end?

According to the SEC, US BANCORP's fiscal year ends on December 31; its latest reported fiscal year (2025) ended Dec 31, 2025.

Source: SEC EDGAR · Last updated:

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Not investment advice: This page shows financial data that companies reported to the US Securities and Exchange Commission, for information only. It is not investment advice or a recommendation to buy or sell any security, and it shows no stock prices. Data may be incomplete, restated or out of date — check the original filings on SEC EDGAR before making decisions.