OtherApr 8, 2026, 04:22 PM

U.S. Bancorp Reclassifies Historical Financials Effective Jan 1, 2026, Presenting Q4 2025 Diluted EPS at $1.26

AI Summary

U.S. Bancorp announced a reclassification of its Consolidated Statement of Income and Consolidated Balance Sheet, effective January 1, 2026, to better align financial reporting with its business management structure. This reclassification has been applied retroactively to all historical periods presented, providing investors with a consistent view of financial performance under the new presentation. For the quarter ended December 31, 2025, the reclassified financials show Net Income attributable to U.S. Bancorp at $2,045 million and Diluted Earnings Per Common Share at $1.26. This change is primarily for illustrative purposes to reflect internal management views.

Key Highlights

Effective January 1, 2026, U.S. Bancorp implemented changes and reclassifications to its Consolidated Statement of Income and Consolidated Balance Sheet to align financial reporting with business management.
The reclassifications have been applied retroactively to all periods presented, including the quarter ended December 31, 2025, which reported reclassified Net Income attributable to U.S. Bancorp of $2,045 million.
For the quarter ended December 31, 2025, reclassified Diluted Earnings Per Common Share stood at $1.26, based on 1,556 million average diluted common shares outstanding.
Key noninterest income reclassifications include renaming 'Corporate payment products revenue' to 'Corporate payment and treasury management revenue', which was $396 million for Q4 2025.
'Service charges' has been renamed 'Lending and deposit-related fees', reporting $302 million for Q4 2025.
Stored-value card revenue was reclassified from 'Card revenue' (which was $427 million for Q4 2025) to 'Corporate payment and treasury management revenue'.

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