On August 13, 2025, U.S. Bancorp's principal banking subsidiary, U.S. Bank National Association, entered into a time sharing agreement and a charter flight reimbursement agreement with Gunjan Kedia, the President and CEO of the Company. These agreements pertain to the use of the Company's corporate aircraft and cover reimbursement for certain charter flight travel costs.
The Company may also enter into similar agreements with other executive officers regarding the use of corporate aircraft. The specific forms of these agreements are included as exhibits in the Current Report, providing further details on the terms and conditions related to the use of the corporate aircraft.
linkAug 14, 2025 16:31:45
U.S. Bancorp reported a net income of $1,815 million for the second quarter of 2025, marking a $212 million increase from the same quarter in 2024. Diluted earnings per share rose to $1.11, up from $0.97 year-over-year. The company's total net revenue increased, driven by higher noninterest income, particularly from payment services and trust management fees. Noninterest expense saw a slight decrease, contributing to improved profitability metrics, including a return on tangible common equity of 18% and a return on average assets of 1.08%. The net interest margin was reported at 2.66%, a slight decline from the previous year and quarter due to competitive pressures and changes in deposit balances.
Additionally, U.S. Bancorp's diversified fee income businesses contributed approximately 42% to overall revenue, with notable growth in payment services and investment management. The bank also completed its first fully digital trade finance transaction, enhancing operational efficiency. The company is collaborating with Fiserv to integrate its credit card program into a more streamlined platform, and it has expanded its suite of embedded payment solutions to facilitate secure transactions for businesses. Despite a decrease in average total deposits, the bank's asset quality metrics remained stable, indicating a focus on maintaining strong capital levels amidst economic fluctuations.
linkJul 17, 2025 06:49:39
U.S. Bancorp has reported its preliminary stress capital buffer (SCB) of 2.6 percent for the period from October 1, 2025, to September 30, 2026, following the Federal Reserve's Dodd-Frank Act Stress Test. This SCB, combined with the minimum required Basel III Common Equity Tier 1 (CET1) capital ratio of 4.5 percent, means the company must maintain a CET1 ratio of at least 7.1 percent during this period. As of March 31, 2025, U.S. Bancorp's CET1 capital to risk-weighted assets ratio was 10.8 percent, indicating strong capital levels that exceed regulatory requirements. The Federal Reserve is expected to finalize the SCB for all firms by August 31, 2025.
In addition, U.S. Bancorp plans to increase its quarterly common stock dividend by 4 percent, raising it from $0.50 to $0.52 per share, pending Board approval. The company will also continue its existing $5 billion share repurchase program. U.S. Bancorp emphasizes that it is well-capitalized and prepared to manage potential industry stress, as stated by its President and CEO, Gunjan Kedia.
linkJul 01, 2025 18:06:23
U.S. Bancorp's third-quarter results showed significant growth, with net income reaching $1.714 billion, an increase from previous quarters. The diluted earnings per share rose to $1.03, reflecting a solid financial performance despite a net securities loss. Key revenue sources, including commercial products and mortgage banking, saw year-over-year increases, while noninterest expenses decreased, indicating improved operational efficiency. The company also maintained a strong capital position with a CET1 capital ratio of 10.5%.
However, the bank faced challenges, including a decline in net interest income and margin compared to the previous year, attributed to higher interest rates affecting deposit pricing. Additionally, total loans and deposits experienced slight decreases, with a notable drop in noninterest-bearing deposits. While the overall financial outlook remains positive, these factors could pose risks to sustained growth moving forward.
linkOct 16, 2024 06:48:21
U.S. Bancorp has announced a blackout period for its executive officers and directors, restricting them from trading company stock due to changes in the 401(k) Savings Plan. This period will begin on December 24, 2024, and last until the week of January 12, 2025, during which participants cannot transfer assets or make withdrawals from their 401(k) accounts, including the U.S. Bancorp stock fund. The company emphasizes the importance of adhering to these trading restrictions to avoid potential penalties.
While the announcement highlights necessary changes to the 401(k) Plan, it also imposes significant restrictions on executives and directors, which may raise concerns about transparency during this period. The notice serves as a reminder of the company's commitment to compliance with federal securities laws, but it also underscores the limitations placed on key individuals within the organization, potentially impacting their ability to respond to market conditions.
linkOct 15, 2024 16:15:33
U.S. Bancorp has shown strong performance in various areas, including an increase in client satisfaction scores and growth in client relationships. The company's acquisition of Union Bank has contributed positively to its overall financial results, and it continues to expand its services across multiple regions, reflecting a robust market presence. Additionally, U.S. Bancorp's investments in technology and customer service have enhanced its competitive edge in the banking sector.
However, the company faces challenges related to inflation and interest rate dynamics, which could impact future financial performance. Regulatory pressures remain a concern, as they can influence operational strategies and compliance costs. While the current results are promising, these external factors could pose risks to sustained growth and profitability in the coming periods.
linkSep 12, 2024 06:16:07
U.S. Bancorp has announced a significant $5 billion share repurchase program, set to begin on September 13, 2024, with plans to start buying back shares in early 2025. Additionally, the company has increased its quarterly dividend by 2%, raising it to $0.50 per share, which reflects a commitment to returning value to shareholders. This dividend will be payable on October 15, 2024, to stockholders recorded by September 30, 2024, indicating a positive outlook on capital management and shareholder returns.
While the repurchase program allows for flexibility in capital distribution, it does not guarantee a specific amount of stock will be bought back, which may leave some investors cautious. The company's approach to monitoring economic conditions suggests a careful strategy, but the lack of obligations for share purchases may raise questions about the immediate impact on stock performance. Overall, these announcements signal U.S. Bancorp's confidence in its financial health, although the execution of the buyback remains to be seen.
linkSep 12, 2024 06:01:57
U.S. Bancorp achieved a net income of $1,622 million and earnings per share of $0.98 in Q2 2024, after adjusting for a notable item. The company saw growth in net interest income, total loans, and deposits. Noninterest income also increased. Operating expenses decreased, leading to improved profitability metrics. The CEO highlighted strong capital ratios and future growth prospects. Gunjan Kedia was promoted to President, and U.S. Bank was recognized for its digital banking services. Notable items impacting the quarter were disclosed.
linkJul 17, 2024 06:47:52
Aleem Gillani, with extensive financial and risk management experience, joins U.S. Bancorp's board. His background in financial reporting and risk expertise is seen as valuable for the company's growth strategy. U.S. Bancorp, a leading financial institution, praises Gillani's appointment, highlighting his contributions to the industry. Gillani's previous roles at SunTrust Banks and other financial institutions add significant value to the board. U.S. Bancorp, known for innovation and customer service, has assets of $684 billion and a strong global presence.
linkJul 16, 2024 17:00:57
Gunjan Kedia becomes president of U.S. Bancorp, overseeing all revenue lines for growth and client experience. With extensive financial services experience, Kedia aims to drive further success by enhancing growth, diversity efforts, and critical strategies. Recognized for her leadership, Kedia's appointment is expected to shape the future of U.S. Bank positively, building on its unique culture and community support initiatives.
linkMay 03, 2024 14:30:35