Tearsheet

U.S. Bancorp (USB)

Market Price (9/15/2025): $49.125 | Market Cap: $76.6 Bil
Sector: Financials | Industry: Diversified Banks

U.S. Bancorp (USB)

Market Price (9/15/2025): $49.125
Market Cap: $76.6 Bil
Sector: Financials
Industry: Diversified Banks

Investment Highlights

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 13%, Dividend Yield is 4.1%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 8.6%, FCF Yield is 9.8%	Weak multi-year price returns 3Y Excs Rtn is -42%
1	Cash is significant % of market cap Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -90%	Moderate capital ratio Tier 1 Capital / Risk Wtd Assets RatioTier 1 Capital / Risk-Weighted Assets is a common measure of financial strength for a bank. It reflects how much equity there is relative to assets where assets are weighted based on riskiness. Low ratios indicate the bank is highly vulnerable to even small changes in the value of their risk assets. is 7.0%
2	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 27%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 27%, CFO LTM is 7.5 Bil, FCF LTM is 7.5 Bil
3	Low stock price volatility Vol 12M is 29%
4	Uninsured deposits are low Uninsured Deposits Ratio %Fraction of deposits that exceed the insurance deposit thresholds. For example, the FDIC protects deposits up to $250K. A high uninsured deposits ratio indicates large accounts and greater potential exposure to bank run risk. is 19%

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 13%, Dividend Yield is 4.1%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 8.6%, FCF Yield is 9.8%
1	Cash is significant % of market cap Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -90%
2	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 27%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 27%, CFO LTM is 7.5 Bil, FCF LTM is 7.5 Bil
3	Low stock price volatility Vol 12M is 29%
4	Uninsured deposits are low Uninsured Deposits Ratio %Fraction of deposits that exceed the insurance deposit thresholds. For example, the FDIC protects deposits up to $250K. A high uninsured deposits ratio indicates large accounts and greater potential exposure to bank run risk. is 19%
5	Weak multi-year price returns 3Y Excs Rtn is -42%
6	Moderate capital ratio Tier 1 Capital / Risk Wtd Assets RatioTier 1 Capital / Risk-Weighted Assets is a common measure of financial strength for a bank. It reflects how much equity there is relative to assets where assets are weighted based on riskiness. Low ratios indicate the bank is highly vulnerable to even small changes in the value of their risk assets. is 7.0%

Market Valuation

	9/15/25	2024	2023	2022	2021
Share Price CYE	$49.12	$46.75	$40.43	$38.58	$47.71
Market Cap CYE ($ Bil)	76.6	72.9	63.0	57.9	70.8
Total Debt ($ Bil)	79.1	65.6	62.9	69.4	41.7
Total Cash ($ Bil)	57.8	56.5	61.2	53.5	28.9
Enterprise Value ($ Bil)	97.8	138.5	125.9	127.3	112.5
Valuation Ratios
P/S TTM	2.8	2.7	2.4	2.7	3.7
P/EBIT TTM	0.0	0.0	0.0	0.0	0.0
P/E TTM	11.1	11.8	12.3	11.2	10.5
Sector Ratios
P/S TTM (Sector)	3.2	3.1	2.8	2.8	3.4
P/EBIT TTM (Sector)	7.2	6.9	7.1	7.1	7.0
P/E TTM (Sector)	12.8	11.6	10.1	9.4	10.0

	9/15/25	2024	2023
Share Price CYE	$49.12	$46.75	$40.43
Market Cap CYE ($ Bil)	76.6	72.9	63.0
Total Debt ($ Bil)	79.1	65.6	62.9
Total Cash ($ Bil)	57.8	56.5	61.2
Enterprise Value ($ Bil)	97.8	138.5	125.9
Valuation Ratios
P/S TTM	2.8	2.7	2.4
P/EBIT TTM	0.0	0.0	0.0
P/E TTM	11.1	11.8	12.3
Sector Ratios
P/S TTM (Sector)	3.2	3.1	2.8
P/EBIT TTM (Sector)	7.2	6.9	7.1
P/E TTM (Sector)	12.8	11.6	10.1

Stock Price
Market Cap

Stock Price Chart

Return (1Y):

Market Cap Chart

Business Description

U.S. Bancorp, a financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities and other financial institutions in the United States. It operates in Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support segments. Show more

Price Returns Compared

Expand for Detailed View

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
USB Return	-18%	24%	-19%	5%	16%	5%	5%
Peers Return	-8%	37%	-16%	18%	41%	27%	125%
S&P 500 Return	16%	27%	-19%	24%	23%	12%	104%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: JPM, BAC, WFC, MS, C. See USB Returns vs. Peers.
[3] 2025 data is for the year up to 9/12/2025 (YTD)

Interactive Breakdown

U.S. Bancorp Interactive Breakdown Analysis

Latest Trefis Analyses

	Title	Topic	Date
0	DASHBOARDS
1	USB Dip Buy Analysis
2	Day 7 of Gains Streak for U.S. Bancorp Stock with 7.2% Return (vs. -3.2% YTD) [6/27/2025]
3	Day 6 of Gains Streak for U.S. Bancorp Stock with 6.9% Return (vs. -3.5% YTD) [6/26/2025]
4	U.S. Bancorp Total Shareholder Return (TSR): 19.7% in 2024 and 4.1% 3-yr compounded annual returns (below peer average)
5	U.S. Bancorp (USB) Operating Cash Flow Comparison	Financials
6	U.S. Bancorp (USB) Net Income Comparison	Financials
7	U.S. Bancorp vs. S&P500 Correlation	Correlation
8	U.S. Bancorp Price Volatility	Volatility
9	U.S. Bancorp vs. Large Cap Stocks: Which Is A Better Investment?	Investment Theme Comparisons
10	USB Rallied 5.4% In A Month. Have You Fully Evaluated The Risk?	Return
11	ARTICLES
12	USB Stock Up 7.2% after 7-Day Win Streak		June 30th, 2025
13	Up 23% This Year, What’s New With U.S. Bancorp Stock?		December 12th, 2024
14	U.S. Bancorp Stock Is Trailing S&P500 By 17% YTD, What’s Next?		May 21st, 2024
15	Trailing The Broader Index By 24%, Is U.S. Bancorp Stock Ready To Rebound?		December 28th, 2023
16	What To Expect From U.S. Bancorp Stock?		June 22nd, 2023

	Title
0	DASHBOARDS
1	USB Stock Up 7.2% after 7-Day Win Streak
2	Up 23% This Year, What’s New With U.S. Bancorp Stock?
3	U.S. Bancorp Stock Is Trailing S&P500 By 17% YTD, What’s Next?
4	Trailing The Broader Index By 24%, Is U.S. Bancorp Stock Ready To Rebound?
5	What To Expect From U.S. Bancorp Stock?
6	ARTICLES
7	USB Dip Buy Analysis
8	Day 7 of Gains Streak for U.S. Bancorp Stock with 7.2% Return (vs. -3.2% YTD) [6/27/2025]
9	Day 6 of Gains Streak for U.S. Bancorp Stock with 6.9% Return (vs. -3.5% YTD) [6/26/2025]
10	U.S. Bancorp Total Shareholder Return (TSR): 19.7% in 2024 and 4.1% 3-yr compounded annual returns (below peer average)
11	U.S. Bancorp (USB) Operating Cash Flow Comparison
12	U.S. Bancorp (USB) Net Income Comparison
13	U.S. Bancorp vs. S&P500 Correlation
14	U.S. Bancorp Price Volatility
15	U.S. Bancorp vs. Large Cap Stocks: Which Is A Better Investment?
16	USB Rallied 5.4% In A Month. Have You Fully Evaluated The Risk?

Recent Active Movers

1 Day Top Gainers

#	Ticker	Company	1D Rtn	YTD Rtn
1	GCTK	GlucoTrack	117.5%	-97.6%
2	OPI	Office Properties Income Trust	78.6%	-42.6%
3	HCWB	HCW Biologics	68.4%	-68.7%
4	AGAE	Allied Gaming & Entertainment	62.4%	86.8%
5	ATCH	AtlasClear	53.4%	-95.9%
6	SONN	Sonnet BioTherapeutics	49.0%	304.1%
7	EVTV	Envirotech Vehicles	48.4%	-66.3%
8	ISPC	iSpecimen	47.7%	-26.6%
9	ENTO	Entero Therapeutics	37.0%	68.8%
10	IBEX	IBEX	36.5%	93.5%

1 Day Top Losers

#	Ticker	Company	1D Rtn	YTD Rtn
1	NXTT	Next Technology	-57.4%	-93.8%
2	VCIG	VCI Global	-42.8%	-98.7%
3	RENT	Rent the Runway	-36.4%	-40.9%
4	NUAI	New Era Energy & Digital	-30.5%
5	AEI	Alset	-29.6%	156.9%
6	NAKA	Kindly MD	-29.5%
7	XTIA	XTI Aerospace	-24.6%	-85.8%
8	FARM	Farmer Bros	-21.5%	1.7%
9	FEIM	Frequency Electronics	-21.0%	46.5%
10	MSS	Maison Solutions	-20.4%	-27.6%

1 Week Top Gainers

#	Ticker	Company	1W Rtn	YTD Rtn
1	OCTO	Eightco	900.0%	562.1%
2	QMMM	QMMM	875.3%	5698.4%
3	WLDS	Wearable Devices	780.4%	8.0%
4	CWD	CaliberCos	268.8%	-45.1%
5	AIRE	ReAlpha Tech	257.5%	-49.8%
6	PTNM	Pitanium	154.0%
7	OPI	Office Properties Income Trust	144.0%	-42.6%
8	HYPD	Hyperion DeFi	144.0%
9	ISPC	iSpecimen	128.4%	-26.6%
10	EDHL	Everbright Digital	127.6%

1 Week Top Losers

#	Ticker	Company	1W Rtn	YTD Rtn
1	DGNX	Diginex	-85.6%
2	LGCL	Lucas GC	-69.1%	-76.6%
3	YYGH	YY	-68.7%	-76.6%
4	BINI	Bollinger Innovations	-61.6%	-100.0%
5	IPDN	Professional Diversity Network	-54.5%	-41.4%
6	INHD	Inno	-53.4%	-4.4%
7	CDT	CDT Equity	-49.2%	-99.4%
8	NFE	New Fortress Energy	-46.5%	-91.3%
9	TGHL	Growhub	-44.8%
10	SLXN	Silexion Therapeutics	-43.1%	-86.5%

1 Month Top Gainers

#	Ticker	Company	1M Rtn	YTD Rtn
1	PMI	Picard Medical	11249.2%	11249.2%
2	GIBO	GIBO	7400.0%
3	LNZA	LanzaTech Global	4710.5%	-85.8%
4	CHSN	Chanson International	3717.0%	-99.3%
5	QMMM	QMMM	2669.4%	5698.4%
6	VTAK	Catheter Precision	1332.7%	-71.4%
7	CURX	Curanex Pharmaceuticals	1309.0%	1309.0%
8	OCTO	Eightco	811.9%	562.1%
9	WLDS	Wearable Devices	708.6%	8.0%
10	PTNM	Pitanium	423.7%

1 Month Top Losers

#	Ticker	Company	1M Rtn	YTD Rtn
1	BINI	Bollinger Innovations	-93.4%	-100.0%
2	ETS	Elite Express	-92.8%	-92.8%
3	CJET	Chijet Motor	-92.7%	-94.6%
4	ELPW	Elong Power	-91.7%	-75.8%
5	STFS	Star Fashion Culture	-91.4%	-97.8%
6	JEM	707 Cayman	-90.4%	-98.0%
7	FLYE	Fly-E	-90.4%	-82.8%
8	NXTT	Next Technology	-89.3%	-93.8%
9	NUTR	NusaTrip	-87.2%	-87.2%
10	CUPR	Cuprina	-84.3%

Recent Active Movers

1 Day Top Gainers

#	Ticker	Company	1D Rtn	YTD Rtn
1	GCTK	GlucoTrack	117.5%	-97.6%
2	OPI	Office Properties Income Trust	78.6%	-42.6%
3	HCWB	HCW Biologics	68.4%	-68.7%
4	AGAE	Allied Gaming & Entertainment	62.4%	86.8%
5	ATCH	AtlasClear	53.4%	-95.9%
6	SONN	Sonnet BioTherapeutics	49.0%	304.1%
7	EVTV	Envirotech Vehicles	48.4%	-66.3%
8	ISPC	iSpecimen	47.7%	-26.6%
9	ENTO	Entero Therapeutics	37.0%	68.8%
10	IBEX	IBEX	36.5%	93.5%

1 Day Top Losers

#	Ticker	Company	1D Rtn	YTD Rtn
1	NXTT	Next Technology	-57.4%	-93.8%
2	VCIG	VCI Global	-42.8%	-98.7%
3	RENT	Rent the Runway	-36.4%	-40.9%
4	NUAI	New Era Energy & Digital	-30.5%
5	AEI	Alset	-29.6%	156.9%
6	NAKA	Kindly MD	-29.5%
7	XTIA	XTI Aerospace	-24.6%	-85.8%
8	FARM	Farmer Bros	-21.5%	1.7%
9	FEIM	Frequency Electronics	-21.0%	46.5%
10	MSS	Maison Solutions	-20.4%	-27.6%

1 Week Top Gainers

#	Ticker	Company	1W Rtn	YTD Rtn
1	OCTO	Eightco	900.0%	562.1%
2	QMMM	QMMM	875.3%	5698.4%
3	WLDS	Wearable Devices	780.4%	8.0%
4	CWD	CaliberCos	268.8%	-45.1%
5	AIRE	ReAlpha Tech	257.5%	-49.8%
6	PTNM	Pitanium	154.0%
7	OPI	Office Properties Income Trust	144.0%	-42.6%
8	HYPD	Hyperion DeFi	144.0%
9	ISPC	iSpecimen	128.4%	-26.6%
10	EDHL	Everbright Digital	127.6%

1 Week Top Losers

#	Ticker	Company	1W Rtn	YTD Rtn
1	DGNX	Diginex	-85.6%
2	LGCL	Lucas GC	-69.1%	-76.6%
3	YYGH	YY	-68.7%	-76.6%
4	BINI	Bollinger Innovations	-61.6%	-100.0%
5	IPDN	Professional Diversity Network	-54.5%	-41.4%
6	INHD	Inno	-53.4%	-4.4%
7	CDT	CDT Equity	-49.2%	-99.4%
8	NFE	New Fortress Energy	-46.5%	-91.3%
9	TGHL	Growhub	-44.8%
10	SLXN	Silexion Therapeutics	-43.1%	-86.5%

Peer Comparisons for U.S. Bancorp

Financials

	USB	JPM	BAC	WFC	MS	C	Median
Name	U.S. Ban.	JPMorgan.	Bank of .	Wells Fa.	Morgan S.	Citigroup
Mkt Price	49.13	306.91	50.58	81.46	156.39	99.44	90.45
Mkt Cap	76.6	855.9	388.3	263.3	246.6	184.6	255.0
Rev LTM	27,715	175,656	103,435	81,462	61,503	83,113	82,288
Op Inc LTM	-	-	-	-	-	-	-
FCF LTM	7,484	-148,615	4,550	-9,143	-20,941	-93,686	-15,042
FCF 3Y Avg	10,620	-56,104	24,365	13,467	-25,282	-65,690	-7,331
CFO LTM	7,484	-148,615	4,550	-9,143	-17,670	-87,165	-13,406
CFO 3Y Avg	10,620	-56,104	24,365	13,467	-21,957	-59,182	-5,669

Growth & Margins

	USB	JPM	BAC	WFC	MS	C	Median
Name	U.S. Ban.	JPMorgan.	Bank of .	Wells Fa.	Morgan S.	Citigroup
Rev Chg LTM	1.7%	8.2%	5.4%	-1.7%	16.7%	6.3%	5.8%
Rev Chg 3Y Avg	6.5%	13.5%	5.0%	2.8%	5.0%	4.3%	5.0%
Rev Chg Q	2.0%	6.7%	6.0%	-0.6%	11.3%	8.1%	6.3%
QoQ Delta Rev Chg LTM	0.5%	1.6%	1.5%	-0.1%	2.6%	2.0%	1.6%
Op Mgn LTM	-	-	-	-	-	-	-
Op Mgn 3Y Avg	-	-	-	-	-	-	-
QoQ Delta Op Mgn LTM	-	-	-	-	-	-	-
CFO/Rev LTM	27.0%	-84.6%	4.4%	-11.2%	-28.7%	-104.9%	-20.0%
CFO/Rev 3Y Avg	39.0%	-32.5%	24.8%	16.4%	-41.3%	-74.6%	-8.0%
FCF/Rev LTM	27.0%	-84.6%	4.4%	-11.2%	-34.0%	-112.7%	-22.6%
FCF/Rev 3Y Avg	39.0%	-32.5%	24.8%	16.4%	-47.4%	-82.8%	-8.0%

Valuation

	USB	JPM	BAC	WFC	MS	C	Median
Name	U.S. Ban.	JPMorgan.	Bank of .	Wells Fa.	Morgan S.	Citigroup
Mkt Cap	76.6	855.9	388.3	263.3	246.6	184.6	255.0
P/S	2.8	4.9	3.8	3.2	4.0	2.2	3.5
P/EBIT	-	-	-	-	-	-	-
P/E	11.1	15.1	13.9	12.8	16.7	13.0	13.5
P/CFO	10.2	-5.8	85.4	-28.8	-14.0	-2.1	-3.9
Total Yield	13.1%	6.6%	7.2%	9.8%	6.0%	7.7%	7.4%
Dividend Yield	4.1%	0.0%	0.0%	2.0%	0.0%	0.0%	0.0%
FCF Yield 3Y Avg	18.4%	-7.4%	8.7%	8.1%	-16.0%	-56.0%	0.3%
D/E	1.0	0.6	0.9	0.8	1.4	2.0	1.0
Net D/E	-0.9	-0.5	-0.8	-0.6	1.0	-1.0	-0.7

Returns

	USB	JPM	BAC	WFC	MS	C	Median
Name	U.S. Ban.	JPMorgan.	Bank of .	Wells Fa.	Morgan S.	Citigroup
1M Rtn	7.0%	5.7%	8.4%	5.7%	8.1%	6.1%	6.6%
3M Rtn	15.5%	15.8%	15.4%	13.2%	21.6%	31.1%	15.7%
6M Rtn	19.6%	32.9%	25.1%	16.3%	37.6%	46.7%	29.0%
12M Rtn	15.1%	52.8%	33.9%	57.8%	63.9%	77.7%	55.3%
3Y Rtn	23.9%	180.1%	58.7%	99.8%	96.8%	130.2%	98.3%
1M Excs Rtn	3.6%	3.8%	5.8%	2.8%	4.0%	3.2%	3.7%
3M Excs Rtn	3.6%	5.5%	5.1%	1.8%	10.5%	19.0%	5.3%
6M Excs Rtn	3.6%	17.9%	9.7%	1.1%	22.9%	30.8%	13.8%
12M Excs Rtn	-5.8%	32.1%	12.0%	34.5%	46.9%	57.1%	33.3%
3Y Excs Rtn	-41.7%	119.5%	-2.3%	35.8%	34.5%	63.9%	35.2%

FDIC Bank Data

Bank Capital

FDIC Data As Of	6301998
CAPITAL
Equity Total Capital ($ Bil)	1
Tier 1 (Core) Capital ($ Bil)	1
ASSETS
Total Assets ($ Bil)	15
Adjusted Average Assets ($ Bil)	13
Risk Weighted Assets Adjusted ($ Bil)	11
LEVERAGE RATIOS
Tier 1 Capital / Total Assets Ratio	5.5%
Tier 1 Capital / Adjusted Avg Assets Ratio	6.1%
Tier 1 Capital / Risk Wtd Assets Ratio	7.0%

Bank Deposits

FDIC Data As Of	6301998
DEPOSITS
Total Deposits ($ Bil)	12
Uninsured Deposits ($ Bil)	2
Uninsured Deposits Ratio %	18.9%

Bank Assets

FDIC Data As Of	6301998
ASSETS
Cash Balance ($ Bil)	1
Securities ($ Bil)	3
Net Loans ($ Bil)	10
Trading Assets ($ Bil)	0
Bank Premises Assets ($ Bil)	0
Other Real Estate Owned ($ Bil)	0
Goodwill & Intangibles ($ Bil)	1
Other Assets ($ Bil)	0
Total Assets (Sum) ($ Bil)	15
Total Assets (Reported) ($ Bil)	15
Risk Weighted Assets ($ Bil)	11
SECURITIES DETAILS
US Govt Securities ($ Bil)	2
Equity Securities Not Held for Trading ($ Bil)	0
Total Debt Securities ($ Bil)	3
Mortgage-Backed Securities ($ Bil)	3
SECURITIES VALUATION
Securities Held to Maturity (Book Value) ($ Bil)	0
Securities Available for Sale (Fair Market) ($ Bil)	3

Bank Loans

[valid:false, table:

FDIC Data As Of	6301998
LOAN DETAILS
All Real Estate Loans ($ Bil)	4
Farm Loans ($ Bil)	0
Commercial and Industrial Loans ($ Bil)	2
Loans to Individuals (CC, revolving credit, auto, other) (non-mortgage) ($ Bil)	2
Commercial Real Estate Loans not Secured by Real Estate ($ Bil)	0

, map:[FDIC Data As Of:6301998, LOAN DETAILS:null, All Real Estate Loans ($ Bil):4.461009, Farm Loans ($ Bil):0.029227, Commercial and Industrial Loans ($ Bil):2.328128, Loans to Individuals (CC, revolving credit, auto, other) (non-mortgage) ($ Bil):1.544896, Commercial Real Estate Loans not Secured by Real Estate ($ Bil):0.006128]]

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2024	2023	2022	2021	2020	2019
Period End		12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Filing Date		2/21/2025	2/20/2024	2/27/2023	2/22/2022	2/23/2021	2/20/2020
Key Financials
Total Revenue	27,715	27,335	28,013	24,184	22,721	23,226	22,883
Net Income	6,901	6,299	5,429	5,825	7,963	4,959	6,914
EPS	4.18	3.79	3.27	3.69	5.11	3.06	4.16
Growth Rates
Total Revenue Growth	1.7%	-2.4%	15.8%	6.4%	-2.2%	1.5%	1.6%
Net Income Growth	30.4%	16.0%	-6.8%	-26.8%	60.6%	-28.3%	-2.6%
Margins
Net Income Margin	24.9%	23.0%	19.4%	24.1%	35.0%	21.4%	30.2%
Cash & Debt
Total Cash	148,065	142,866	130,560	125,594	161,311	199,018	144,749
Total Debt	79,052	65,626	62,935	69,388	41,718	50,856	61,897
Net Debt / (Cash)	-69,013	-77,240	-67,625	-56,206	-119,593	-148,162	-82,852
Cash Flows
Net Cash from Operations	7,484	11,273	8,447	21,119	9,870	3,716	4,889
Free Cash from Operations	7,484	11,273	8,447	21,119	9,870	3,716	4,889
Returns to Shareholders
Dividends	3,124	3,448	3,311	3,075	2,887	2,852	2,745
Share Repurchases	389	173	62	1,169	2,805	1,672	4,525

$ Mil \| FY: 12/31	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3
Period End	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Filing Date	8/7/2025	5/6/2025	2/21/2025	11/5/2024	8/6/2024	5/1/2024	2/20/2024	11/1/2023	8/7/2023	5/8/2023	2/27/2023	11/1/2022
Key Financials Quarterly
Total Revenue	6,975	6,928	6,979	6,833	6,838	6,685	6,731	7,000	7,141	7,141	6,336	6,296
Net Income	1,815	1,709	1,663	1,714	1,603	1,319	847	1,523	1,361	1,698	925	1,812
EPS	1.11	1.03	1.01	1.03	0.97	0.78	0.49	0.91	0.84	1.04	0.57	1.16
Key Financials TTM
Total Revenue TTM	27,715	27,578	27,335	27,087	27,254	27,557	28,013	27,618	26,914	25,756	24,184	23,505
Net Income TTM	6,901	6,689	6,299	5,483	5,292	5,050	5,429	5,507	5,796	5,966	5,825	6,573
Growth Rates Quarterly
Total Revenue Growth	2.0%	3.6%	3.7%	-2.4%	-4.2%	-6.4%	6.2%	11.2%	19.4%	28.2%	12.0%	7.4%
Net Income Growth	13.2%	29.6%	96.3%	12.5%	17.8%	-22.3%	-8.4%	-15.9%	-11.1%	9.1%	-44.7%	-10.7%
Margins Quarterly
Net Income Margin	26.0%	24.7%	23.8%	25.1%	23.4%	19.7%	12.6%	21.8%	19.1%	23.8%	14.6%	28.8%
Cash & Debt
Total Cash	148,065	136,360	142,866	155,660	146,035	149,143	130,560	131,339	139,608	132,141	125,594	109,317
Total Debt	79,052	77,017	65,626	78,547	69,277	69,795	62,935	64,974	77,617	98,920	69,388	57,294
Net Debt / (Cash)	-69,013	-59,343	-77,240	-77,113	-76,758	-79,348	-67,625	-66,365	-61,991	-33,221	-56,206	-52,023
Cash Flows Quarterly
FCF from Operations	2,031	-285	4,766	972	2,874	2,661	416	3,873	3,316	842	6,888	3,505
Cash Flows TTM
FCF from Operations TTM	7,484	8,327	11,273	6,923	9,824	10,266	8,447	14,919	14,551	13,484	21,119	14,934
Returns to Shareholders Quarterly
Dividends	784	787	785	768	769	770	751	740	739	740	716	687
Share Repurchases	106	160	122	1	1	49	17	1	-0	44	14	-0
Return on Invested Capital (ROIC) Quarterly
ROIC	-	-	-	-	-	-	-	-	-	-	-	-
Return on Invested Capital (ROIC) TTM
ROIC TTM	-	-	-	-	-	-	-	-	-	-	-	-

Segment Financials

Revenue by Segment

$ Mil	2024	2023	2022	2021	2020
Wealth, Corporate, Commercial and Institutional Banking	12,003	9,241	3,892	4,528	3,962
Consumer and Business Banking	10,358	8,802	8,581	8,936	8,736
Payment Services	6,664	6,298	6,007	5,686	6,185
Treasury and Corporate Support	-881	-39	1,123	907	1,128
Commercial and Institutional Banking			3,224	3,268	2,975
Total	28,144	24,302	22,827	23,325	22,986

Net Income by Segment

$ Mil	2024	2023	2022	2021	2020
Wealth, Corporate, Commercial and Institutional Banking	4,664	3,713	1,564	1,659	1,683
Consumer and Business Banking	2,557	2,210	2,357	2,368	2,359
Payment Services	1,013	1,345	1,704	1,300	1,454
Treasury and Corporate Support	-2,805	-1,443	1,496	-1,309	527
Commercial and Institutional Banking			842	941	891
Total	5,429	5,825	7,963	4,959	6,914

Price Behavior

Behavior Stats
Betas Matrix

Price Behavior

Market Price	$49.13
Market Cap ($ Bil)	76.6
First Trading Date	11/05/1987
Distance from 52W High	-5.3%
	50 Days	200 Days
DMA Price	$46.82	$45.00
DMA Trend	indeterminate	up
Distance from DMA	4.9%	9.2%
	3M	1YR
Volatility	20.5%	29.1%
Downside Capture	104.55	123.45
Upside Capture	127.91	117.12
Correlation (SPY)	63.1%	72.7%

USB Betas & Captures as of 8/31/2025

	1M	2M	3M	6M	1Y	3Y
Beta	1.49	1.46	1.51	1.07	1.07	1.12
Up Beta	1.75	1.56	1.62	0.84	0.91	0.99
Down Beta	1.03	1.14	1.65	1.26	1.14	1.20
Up Capture	193%	147%	147%	124%	124%	135%
Bmk +ve Days	10	22	35	71	142	415
Stock +ve Days	13	21	35	68	124	369
Down Capture	97%	159%	141%	118%	114%	104%
Bmk -ve Days	11	19	27	54	106	334
Stock -ve Days	8	19	26	56	123	376

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Short Interest

Short Interest: As Of Date	8292025
Short Interest: Shares Quantity	22,064,629
Short Interest: % Change Since 8152025	9.3%
Average Daily Volume	8,569,535
Days-to-Cover Short Interest	2.57
Basic Shares Quantity	1,559,000,000
Short % of Basic Shares	1.4%

Returns Analyses

	Title
0	USB Rallied 5.4% In A Month. Have You Fully Evaluated The Risk?
1	U.S. Bancorp During 2008 Recession vs. 2022 Inflation Shock: USB Stock Has 9% Upside If It Recovers To Pre-Inflation Shock Levels
2	USB YTD Stock Return Of -10% Underperforms BAC by -8.3% and Underperforms JPM by -29%
3	U.S. Bancorp Stock Return Comparison
4	U.S. Bancorp Total Shareholder Return (TSR): -19.2% in 2022 and -6.6% 3-yr returns (below peer average)

Earnings Returns History

Expand for More

	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
7/17/2025	-1.0%	1.3%	2.5%
4/16/2025	-2.1%	2.3%	15.4%
1/16/2025	-5.6%	-4.9%	-6.2%
10/16/2024	4.7%	2.2%	8.9%
7/17/2024	4.6%	5.2%	-2.2%
4/17/2024	-3.6%	-0.1%	3.0%
1/17/2024	-1.4%	1.4%	-2.1%
10/18/2023	-4.4%	-10.0%	6.6%
...
SUMMARY STATS
# Positive	11	14	15
# Negative	13	10	9
Median Positive	4.1%	2.2%	6.1%
Median Negative	-2.9%	-5.4%	-4.0%
Max Positive	6.5%	7.6%	15.4%
Max Negative	-7.8%	-10.0%	-17.7%

	Forward Returns
7/17/2025	-1.0%	1.3%	2.5%
4/16/2025	-2.1%	2.3%	15.4%
1/16/2025	-5.6%	-4.9%	-6.2%
10/16/2024	4.7%	2.2%	8.9%
7/17/2024	4.6%	5.2%	-2.2%
4/17/2024	-3.6%	-0.1%	3.0%
1/17/2024	-1.4%	1.4%	-2.1%
10/18/2023	-4.4%	-10.0%	6.6%
7/19/2023	6.5%	3.6%	1.4%
4/19/2023	2.3%	-9.7%	-13.5%
1/25/2023	5.3%	6.7%	2.2%
10/14/2022	3.4%	-3.3%	8.6%
7/15/2022	5.2%	7.6%	10.2%
4/14/2022	4.1%	4.0%	-4.0%
1/19/2022	-7.8%	-7.7%	-5.8%
10/14/2021	-2.2%	1.8%	-1.1%
7/15/2021	3.2%	0.4%	3.3%
4/15/2021	-2.2%	-1.0%	6.1%
1/20/2021	-5.2%	-6.0%	2.1%
10/14/2020	-0.4%	2.1%	13.9%
7/15/2020	3.7%	0.9%	4.2%
4/15/2020	-6.9%	-8.6%	-17.7%
1/15/2020	-2.9%	-2.9%	-2.5%
10/16/2019	1.5%	5.4%	9.0%
SUMMARY STATS
# Positive	11	14	15
# Negative	13	10	9
Median Positive	4.1%	2.2%	6.1%
Median Negative	-2.9%	-5.4%	-4.0%
Max Positive	6.5%	7.6%	15.4%
Max Negative	-7.8%	-10.0%	-17.7%

SEC Filings

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Report Date	Filing
6302025	10-Q 6/30/2025
3312025	10-Q 3/31/2025
12312024	10-K 12/31/2024
9302024	10-Q 9/30/2024
6302024	10-Q 6/30/2024
3312024	10-Q 3/31/2024
12312023	10-K 12/31/2023
9302023	10-Q 9/30/2023
6302023	10-Q 6/30/2023
3312023	10-Q 3/31/2023
12312022	10-K 12/31/2022
9302022	10-Q 9/30/2022
6302022	10-Q 6/30/2022
3312022	10-Q 3/31/2022
12312021	10-K 12/31/2021
9302021	10-Q 9/30/2021

Insider Activity

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	Owner	Title	Filing Date	Action	Price	Shares	Transacted Value	Value of Held Shares	Form
0	Stark Lisa R	EVP and Controller	7222025	Sell	46.40	19,903	923,400	1,955,039	Form
1	Badran Souheil	SEVP, Chief Operations Officer	7222025	Sell	46.34	23,727	1,099,438	3,259,623	Form
2	Gillani Aleem		4212025	Buy	37.32	5,000	186,600	559,800	Form
3	Roy Arijit	Sr. Exec. VP	3102025	Sell	43.67	2,237	97,701	1,746,738	Form
4	Richard Jodi L	Vice Chair	2072025	Sell	47.59	30,000	1,427,610	4,748,707	Form

Industry Resources

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Federal Reserve Economic Data

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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U.S. Bancorp (USB)

Market Price (9/15/2025): $49.125 | Market Cap: $76.6 BilSector: Financials | Industry: Diversified Banks

U.S. Bancorp (USB)

Market Price (9/15/2025): $49.125Market Cap: $76.6 BilSector: FinancialsIndustry: Diversified Banks

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Market Price (9/15/2025): $49.125 | Market Cap: $76.6 Bil
Sector: Financials | Industry: Diversified Banks

Market Price (9/15/2025): $49.125
Market Cap: $76.6 Bil
Sector: Financials
Industry: Diversified Banks