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US BANCORP \DE\

LISTEDNYSE

SYMBOLUSB

SIC6021

STATE OF INC.DE

FISCAL YEAR ENDSDecember 31

CIK36104

NATIONAL COMMERCIAL BANKS · LARGE ACCELERATED FILER · 10 FISCAL YEARS OF SEC XBRL DATA, 2016–2025

Fiscal years labelled by the calendar year in which they end. Bars in $ billions; per-share figures as reported.

CAPITALIZATION 12/31/25

($ millions)	Amount	%
Total debt	77,926	54.4
Stockholders' equity	65,193	45.6
Total capitalization	143,119	100.0

1,558,051,446 shares outstanding at 31 July 2026 (cover page of the 10-Q filed 6 August 2026).

LONG-TERM DEBT 12/31/25

($ millions)	Amount
Long-term debt, incl. current maturities	60,764
Short-term borrowings / commercial paper	17,162

CAPITAL STOCK 12/31/25

Common shares authorized	4,000,000,000
Common shares issued	2,125,725,742
Treasury shares	570,328,105
Par or stated value per share ($)	0.01
Outstanding at 7/31/26	1,558,051,446

DIVIDENDS DECLARED/PAID

Fiscal year	Per share $	Payout %
2025	2.04	44.2
2024	1.98	52.2
2023	1.93	59.0
2022	1.88	50.9
2021	1.76	34.5

HISTORY AND BUSINESS

HISTORY: Incorporated in Delaware. Formerly known as FIRST BANK SYSTEM INC (to 28 March 1997).

BUSINESS: Classified by the SEC under Standard Industrial Classification 6021, National Commercial Banks. Large accelerated filer. Principal executive office: U.S. Bancorp, 200 S. Sixth St., Minneapolis, MN 55402. Fiscal year ends December 31. Deposits at 12/31/25: $522,216 million. For a description of the business, see Item 1 of the latest 10-K.

CONSOLIDATED INCOME ACCOUNT, YEARS ENDED

($ millions)	12/31/25	12/31/24	12/31/23
Total interest income	30,970	31,666	30,007
Total interest expense	14,321	15,377	12,611
Net interest income	16,649	16,289	17,396
Provision for credit losses	2,186	2,238	2,275
Noninterest income	11,891	11,046	10,617
Noninterest expense	16,837	17,188	18,873
Total net revenue	28,656	27,455	28,144
Income before income taxes	9,517	7,909	6,865
Income taxes	1,921	1,580	1,407
Net income	7,570	6,299	5,429
Earned per share, diluted ($)	4.62	3.79	3.27
Dividends per share ($)	2.04	1.98	1.93

CONSOLIDATED STATEMENT OF CONDITION

($ millions)	12/31/25	12/31/24
Cash and due from banks	46,890	56,502
Loans	391,335	379,832
Allowance for credit losses	7,605	7,583
Total assets	692,345	678,318
Deposits	522,216	518,309
Short-term borrowings	17,162	15,518
Long-term debt	60,764	58,002
Total liabilities	626,694	619,278
Stockholders' equity	65,193	58,578

TEN-YEAR STATISTICS: FISCAL YEARS ($ millions except per share)

Fiscal year ended	Revenues	Oper. income	Net income	Net margin %	EPS diluted $	Div. per share $	Oper. cash flow	Total assets	Total liabilities	Total debt	Deposits	Stockholders' equity	ROE %	Debt / equity
12/31/25	28,656	–	7,570	26.4	4.62	2.04	7,970	692,345	626,694	77,926	522,216	65,193	11.6	1.20
12/31/24	27,455	–	6,299	22.9	3.79	1.98	11,350	678,318	619,278	73,520	518,309	58,578	10.8	1.26
12/31/23	28,144	–	5,429	19.3	3.27	1.93	8,393	663,491	607,720	66,759	512,312	55,306	9.8	1.21
12/31/22	24,302	–	5,825	24.0	3.69	1.88	21,119	674,805	623,573	71,045	524,976	50,766	11.5	1.40
12/31/21	23,714	–	7,963	33.6	5.10	1.76	9,870	573,284	517,897	43,921	456,083	54,918	14.5	0.80
12/31/20	25,241	–	4,959	19.6	3.06	1.68	3,716	553,905	500,180	53,063	429,770	53,095	9.3	1.00
12/31/19	27,325	–	6,914	25.3	4.16	1.58	4,889	495,426	442,943	63,890	361,916	51,853	13.3	1.23
12/31/18	22,637	–	7,096	31.3	4.14	1.34	10,564	467,374	415,717	55,479	345,475	51,029	13.9	1.09
12/31/17	21,902	–	6,218	28.4	3.51	1.16	6,472	462,040	412,374	48,910	347,215	49,040	12.7	1.00
12/31/16	21,308	–	5,888	27.6	3.24	1.07	5,336	445,964	398,031	47,286	334,590	47,298	12.4	1.00

Net margin = net income ÷ revenues; ROE = net income ÷ year-end stockholders’ equity; total debt = long-term debt including current maturities plus short-term borrowings/commercial paper, as tagged in XBRL; capital expenditure and free cash flow are not shown for banks and insurers, where they are not meaningful; d = derived as total assets − total equity where the filing does not tag total liabilities; – = not reported in XBRL for that year.

REGISTRANT:

US BANCORP \DE\
CIK 36104 · EIN 41-0255900

PRINCIPAL OFFICE:

U.S. Bancorp, 200 S. Sixth St., Minneapolis, MN 55402
Tel.: 651-466-3000

INCORPORATED:

Delaware

INDUSTRY (SEC SIC CODE):

6021 · National Commercial Banks

FILER STATUS:

Large accelerated filer

LATEST ANNUAL REPORT:

10-K for period ended 12/31/25, filed 23 February 2026

FORMER NAMES:

FIRST BANK SYSTEM INC

RECENT FILINGS (ANNUAL REPORT REFERENCES BELOW):

8/6/26	10-Q	period 6/30/26
7/16/26	8-K	period 7/16/26
6/24/26	8-K	period 6/24/26
5/4/26	10-Q	period 3/31/26
4/23/26	8-K	period 4/21/26
4/16/26	8-K	period 4/16/26
4/8/26	8-K	period 4/8/26
3/10/26	DEF 14A	period 4/21/26

Sources: SEC XBRL company facts (all financial figures) · SEC submissions (registrant, address, SIC, filings) · annual reports: 10-K FY2025 (filed 2/23/26) · 10-K FY2024 (filed 2/21/25) · 10-K FY2023 (filed 2/20/24) · 10-K FY2022 (filed 2/27/23) · 10-K FY2021 (filed 2/22/22) · 10-K FY2020 (filed 2/23/21) · 10-K FY2019 (filed 2/20/20) · 10-K FY2018 (filed 2/22/19). Values are the latest figures filed for each fiscal year (restated where a later 10-K restated them). Ratios and free cash flow are Pathos calculations from those figures. Retrieved 31 October 2026.