US BANCORP DE

U.S. Bancorp announced that its Stress Capital Buffer (SCB) requirement will remain at 2.6% until October 1, 2027. Additionally, the company plans to increase its quarterly common stock dividend by 3.8%, from $0.52 to $0.54 per share, starting in the third quarter of 2026, pending Board approval. The company reported a strong CET1 capital to risk-weighted assets ratio of 10.8% as of March 31, 2026, exceeding regulatory requirements.

U.S. Bancorp reported net income attributable to U.S. Bancorp of $1.9 billion for the first quarter of 2026, a 13.8% increase from the prior year, with diluted earnings per share rising 14.6% to $1.18. The company saw a 4.2% increase in net interest income and a 5.7% increase in noninterest income, driven by loan growth and improved earning asset mix. Average loans grew 3.8% and average deposits increased 1.7%, while credit quality remained stable. Additionally, the pending acquisition of BTIG for up to $1 billion is expected to close in the second quarter of 2026.

US Bancorp held its 2026 annual meeting of shareholders on April 21, 2026. Shareholders considered three proposals, as detailed in the company's proxy statement. The primary outcome was the election of all twelve nominated directors to serve a one-year term until the 2027 annual meeting.

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.