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US BANCORP \DE\ (USB)

As-reported financials and recent SEC filings for US BANCORP \DE\, latest fiscal period FY2025. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About US BANCORP \DE\

U.S. Bancorp is a financial services holding company headquartered in Minneapolis, Minnesota. It provides a wide range of financial services including lending, depository services, cash management, capital markets, trust and investment management, credit card services, merchant and ATM processing, mortgage banking, insurance, brokerage, and leasing. The company serves individuals, businesses, institutional organizations, governmental entities, and other financial institutions primarily in the United States.

Snapshot

Revenue
$28.54B
Revenue growth (YoY)
4.4%
Net income
$7.57B
Diluted EPS
$4.62
Gross margin
Operating margin
Net margin
26.5%
FCF margin
ROE
11.5%
P/E (TTM)
12.7×
Market cap
$98.90B
Debt / equity

Fundamentals are from SEC filings. P/E and market cap are derived from recent market prices, refreshed on a rolling basis (typically within the past week).

What changed at Us Bancorp \de\

  • Revenue grew 4.4% to $28.5B in FY2025, after a 2.4% decline the year before.
  • Most recent quarter Q1 FY2026: revenue $7.3B, up 4.8% from Q1 FY2025.
  • Net income rose 20.2% to $7.6B in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Us Bancorp \de\’s fundamentals sit among the 76 banks. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Net margin26.5%
45th percentile of 76
Revenue growth (YoY)+4.4%
12th percentile of 76
ROE11.5%
71st percentile of 76
P/E (TTM)12.7×
46th percentile of 75
Short interest3.43d
27th percentile of 75

Us Bancorp \de\’s revenue growth of +4.4% ranks in the 12th percentile of the 76 banks reporting it.

No open-market insider buys in the last 90 days; 3 insider sales totaling $5.7M. For context, about 16% of companies in the universe saw any open-market insider buying in the same window. Browse insider activity →

Percentiles describe where a figure sits among industry peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 3 of the superinvestors we track (plus 6 quant / multi-strat books), based on each investor’s most recent 13F (latest Q1 2026).

Conviction investors
3
+6 quant / multi-strat
Initiated / added
4
0 new, 4 added
Reduced / exited
5
5 trimmed, 0 exited
Combined position
$1.19B
reported long value
InvestorAs ofPosition valueSharesChange
First Eagle Investment ManagementQ1 2026$469.0M9.0MAdded
Citadel AdvisorsquantQ1 2026$341.1M6.6MAdded
AQR Capital ManagementquantQ1 2026$287.7M5.6MAdded
Point72 Asset ManagementquantQ1 2026$51.0M981.3KReduced
D. E. ShawquantQ1 2026$16.7M320.3KReduced
Bridgewater AssociatesQ1 2026$15.4M295.7KReduced
Two Sigma InvestmentsquantQ1 2026$3.5M67.0KReduced
Gotham Asset ManagementQ1 2026$2.5M47.4KAdded
Millennium ManagementquantQ1 2026$492,0159.5KReduced

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
open-market
Bought (90d)
open-market value
Sells (90d)
3
$5.7M
Signal
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-07-23
filed 2026-07-24
CHOSY JAMES LSenior EVP and General CounselSell23.0K$63.28$1.5M
2026-07-20
filed 2026-07-22
Philipson Stephen LVice ChairSell36.9K$63.08$2.3M
2026-05-05
filed 2026-05-06
Dilip VenkatachariSEVP & Chief Info & Tech OffSell34.5K$55.52$1.9M
2026-04-21
filed 2026-04-22
Richard Jodi LVice ChairSell40.0K$57.00$2.3M

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
24.8M
settled 2026-07-15
Change vs prior
+4.7%
vs previous settlement
Days to cover
3.43
at avg daily volume
Avg daily volume
7.2M
FINRA reported
SettlementShares shortChangeDays to cover
2026-07-1524.8M+4.7%3.43
2026-06-3023.7M-13.3%2.07
2026-06-1527.3M+7.6%3.00
2026-05-2925.4M+12.0%3.60
2026-05-1522.6M-13.7%2.47
2026-04-3026.2M+10.9%2.95
2026-04-1523.7M-10.5%2.64
2026-03-3126.4M+7.8%2.30

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Bank fundamentals

Regulatory detail for U.S. Bank National Association (Cincinnati, OH), the insured-bank subsidiary, from its FDIC Call Report as of Q1 2026. This is what actually moves bank stocks: deposit franchise, capital, and credit quality that a standard income statement can’t show.

Total deposits
$539.8B
FDIC insured-bank
Uninsured deposits
51.8%
share of deposits
CET1 ratio
12.88%
regulatory capital
Net interest margin
2.87%
trailing
Efficiency ratio
55.5%
lower is better
Noncurrent loans
1.65%
of gross loans

Source: FDIC BankFind (Call Report), public domain. Bank-subsidiary figures, filed quarterly ~30 days after quarter-end.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$28.54B$27.34B$28.01B$24.18B$22.72B
Gross profit
Operating income
Net income$7.57B$6.30B$5.43B$5.83B$7.96B
Diluted EPS$4.62$3.79$3.27$3.69$5.10

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$46.89B$56.50B$61.19B$53.54B$28.91B
Current assets
Total assets$692.35B$678.32B$663.49B$674.80B$573.28B
Current liabilities
Long-term debt$39.83B$32.13B
Total liabilities$626.69B$619.28B$607.72B$623.57B$517.90B
Total equity$65.65B$59.04B$55.77B$51.23B$55.39B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$7.97B$11.35B$8.39B$21.12B$9.87B
Capital expenditure
Free cash flow

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q1 FY2026$7.26B4.8%$1.95B$1.18
Q4 FY2025$7.34B5.1%$2.04B$1.32
Q3 FY2025$7.30B6.8%$2.00B$1.22
Q2 FY2025$6.97B2.0%$1.81B$1.11
Q1 FY2025$6.93B3.6%$1.71B$1.03
Q4 FY2024$6.98B3.7%$1.66B$1.07
Q3 FY2024$6.83B-2.4%$1.71B$1.03
Q2 FY2024$6.84B-4.2%$1.60B$0.97

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorFinancials
SIC industryNational Commercial Banks
Fiscal year endDecember 31
Latest fiscal periodFY2025
SEC filings since2021
SEC CIK36104

Recent SEC filings

10-K2026-02-23
View on EDGAR →
10-K2025-02-21
View on EDGAR →
10-Q2026-05-04
View on EDGAR →
10-Q2025-11-05
View on EDGAR →
10-Q2025-08-07
View on EDGAR →
10-Q2025-05-06
View on EDGAR →
8-K2026-07-16
View on EDGAR →
8-K2026-06-24
View on EDGAR →

Largest bank peers

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Data sourced from SEC EDGAR (public domain). Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.