US BANCORP \DE\

USB, USB-PA, USB-PH, USB-PP, USB-PQ, USB-PR, USB-PS · National Commercial Banks · 1.55B shares · -1%/yr ↓ buyback · EDGAR filings ↗

Net buyback after stock comp: -$162M (gross $62M, SBC $224M)

Reference price $55.52 · est. market cap ~$86.2B — last insider sale, 2026-05-05 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)

Grade

B71

U.S. Bancorp — large, diversified bank with decent but unspectacular returns.

Strengths

ROE 11.6% (70th pct)
Scale and fee-income diversification
Net income up 20%

Risks

Net margin percentile low (18th)
Integration/efficiency overhang
Rate and credit sensitivity

Notable findings

Exec changeRecent 8-K item 5.02 8-K ↗
Insider sellingInsider selling — 4 open-market sale(s) by 4 insider(s) (cluster of 4 insiders, ~$7M, last 6mo) Form 4 ↗

Quarterly revenue

2025-06-30 · $7.0B2025-09-30 · $7.3B2025-12-31 · $7.4B2026-03-31 · $7.3B

Last 4 quarters · from SEC filings.

Key metrics

Net margin

26.4%

Return on equity

11.6%

Return on assets

1.1%

Revenue growth (QoQ)

-1.0%

Net-income growth

20.2%

Tangible book value

$47.7B

Stock comp / revenue

0.8%

Insider transactions · last 18 months

Date	Insider	Type	Shares	Price
2026-05-05	Dilip Venkatachari	Sell	35K	$55.52
2026-04-21	Richard Jodi L	Sell	40K	$57.00
2026-03-05	Philipson Stephen L	Grant	28K	—
2026-03-05	Stern John C	Grant	25K	—
2026-03-05	Kelso Courtney	Grant	13K	—
2026-03-05	Stark Lisa R	Grant	16K	—
2026-03-05	Kedia Gunjan	Grant	100K	—
2026-03-05	Dilip Venkatachari	Grant	18K	—
2026-03-05	Runkel Mark G.	Grant	13K	—
2026-03-05	CHOSY JAMES L	Grant	22K	—
2026-03-05	Barcelos Elcio R.T.	Grant	22K	—
2026-03-05	Roy Arijit	Grant	13K	—
2026-03-05	Badran Souheil	Grant	19K	—
2026-03-05	Richard Jodi L	Grant	30K	—
2026-03-02	Roy Arijit	Tax withheld	1.1K	$54.66
2026-03-02	Richard Jodi L	Tax withheld	22K	$54.66
2026-03-02	Dilip Venkatachari	Tax withheld	3.6K	$54.66
2026-03-02	Philipson Stephen L	Tax withheld	3.2K	$54.66
2026-03-02	Kedia Gunjan	Tax withheld	29K	$54.66
2026-03-02	Badran Souheil	Tax withheld	18K	$54.66
2026-03-02	Stern John C	Tax withheld	1.9K	$54.66
2026-03-02	Barcelos Elcio R.T.	Tax withheld	16K	$54.66
2026-03-02	Stark Lisa R	Tax withheld	1.2K	$54.66
2026-03-02	Runkel Mark G.	Tax withheld	8.7K	$54.66
2026-03-02	CECERE ANDREW	Tax withheld	84K	$54.66
2026-03-02	CHOSY JAMES L	Tax withheld	17K	$54.66
2026-02-28	Barcelos Elcio R.T.	Tax withheld	3.5K	$54.66
2026-02-28	Stern John C	Tax withheld	2.6K	$54.66
2026-02-28	Stark Lisa R	Tax withheld	1.7K	$54.66
2026-02-28	Runkel Mark G.	Tax withheld	2.2K	$54.66
2026-02-28	Roy Arijit	Tax withheld	1.7K	$54.66
2026-02-28	Richard Jodi L	Tax withheld	5.4K	$54.66
2026-02-28	Philipson Stephen L	Tax withheld	9.0K	$54.66
2026-02-28	Kedia Gunjan	Tax withheld	9.6K	$54.66
2026-02-28	Dilip Venkatachari	Tax withheld	2.0K	$54.66
2026-02-28	CHOSY JAMES L	Tax withheld	2.2K	$54.66
2026-02-28	CECERE ANDREW	Tax withheld	15K	$54.66
2026-02-28	Badran Souheil	Tax withheld	3.7K	$54.66
2026-02-27	CHOSY JAMES L	Tax withheld	2.1K	$57.26
2026-02-27	Dilip Venkatachari	Tax withheld	2.2K	$57.26
2026-02-27	Richard Jodi L	Tax withheld	3.2K	$57.26
2026-02-27	CECERE ANDREW	Tax withheld	11K	$57.26
2026-02-27	Kelso Courtney	Tax withheld	1.8K	$57.26
2026-02-27	Philipson Stephen L	Tax withheld	2.9K	$57.26
2026-02-27	Roy Arijit	Tax withheld	1.4K	$57.26
2026-02-27	Barcelos Elcio R.T.	Tax withheld	2.4K	$57.26
2026-02-27	Runkel Mark G.	Tax withheld	1.4K	$57.26
2026-02-27	Stark Lisa R	Tax withheld	1.8K	$57.26
2026-02-27	Badran Souheil	Tax withheld	2.3K	$57.26
2026-02-27	Kedia Gunjan	Tax withheld	11K	$57.26
2026-02-27	Stern John C	Tax withheld	2.6K	$57.26
2026-02-11	Barcelos Elcio R.T.	Grant	32K	—
2026-02-11	Runkel Mark G.	Grant	19K	—
2026-02-11	Richard Jodi L	Grant	41K	—
2026-02-11	Kedia Gunjan	Grant	51K	—
2026-02-11	CHOSY JAMES L	Grant	32K	—
2026-02-11	CECERE ANDREW	Grant	154K	—
2026-02-11	Badran Souheil	Grant	35K	—
2026-02-06	Runkel Mark G.	Sell	32K	$60.65
2026-02-06	Runkel Mark G.	Option exercise	15K	$55.01
2026-02-03	Barcelos Elcio R.T.	Sell	17K	$58.43
2026-02-03	CHOSY JAMES L	Gift	4.5K	—
2025-10-21	Roy Arijit	Tax withheld	1.7K	$47.10
2025-10-20	CECERE ANDREW	Sell	140K	$46.34
2025-10-20	CHOSY JAMES L	Option exercise	29K	$39.49
2025-10-20	CHOSY JAMES L	Sell	27K	$46.86
2025-10-20	CECERE ANDREW	Option exercise	140K	$39.49
2025-07-30	CHOSY JAMES L	Gift	3.2K	—
2025-07-29	CHOSY JAMES L	Gift	1.4K	—
2025-07-29	CHOSY JAMES L	Gift	343	—
2025-07-21	Badran Souheil	Sell	24K	$46.34
2025-07-21	Stark Lisa R	Sell	20K	$46.40
2025-06-09	CECERE ANDREW	Gift	341	—
2025-06-09	CECERE ANDREW	Gift	341	—
2025-04-21	Gillani Aleem	Buy	5.0K	$37.32
2025-03-07	Roy Arijit	Sell	2.2K	$43.67
2025-03-03	Philipson Stephen L	Tax withheld	701	$46.90
2025-03-03	Stark Lisa R	Tax withheld	1.1K	$46.90
2025-03-03	Richard Jodi L	Tax withheld	19K	$46.90
2025-03-03	Stern John C	Tax withheld	1.5K	$46.90
2025-03-03	Barcelos Elcio R.T.	Tax withheld	14K	$46.90
2025-03-03	Kedia Gunjan	Tax withheld	24K	$46.90
2025-03-03	Dilip Venkatachari	Tax withheld	2.1K	$46.90
2025-03-03	CECERE ANDREW	Tax withheld	72K	$46.90
2025-03-03	DOLAN TERRANCE R	Tax withheld	30K	$46.90
2025-03-03	CHOSY JAMES L	Tax withheld	14K	$46.90
2025-03-03	Runkel Mark G.	Tax withheld	8.7K	$46.90
2025-03-02	DOLAN TERRANCE R	Tax withheld	5.5K	$46.90
2025-03-02	Badran Souheil	Tax withheld	3.1K	$46.90
2025-03-02	CHOSY JAMES L	Tax withheld	2.7K	$46.90
2025-03-02	Stern John C	Tax withheld	1.9K	$46.90
2025-03-02	CECERE ANDREW	Tax withheld	13K	$46.90
2025-03-02	Roy Arijit	Tax withheld	1.5K	$46.90
2025-03-02	Barcelos Elcio R.T.	Tax withheld	2.8K	$46.90
2025-03-02	Stark Lisa R	Tax withheld	1.2K	$46.90
2025-03-02	Dilip Venkatachari	Tax withheld	4.3K	$46.90
2025-03-02	Philipson Stephen L	Tax withheld	3.1K	$46.90
2025-03-02	Richard Jodi L	Tax withheld	3.5K	$46.90
2025-03-02	Kedia Gunjan	Tax withheld	4.6K	$46.90
2025-03-02	Runkel Mark G.	Tax withheld	1.7K	$46.90
2025-02-28	CHOSY JAMES L	Tax withheld	3.4K	$46.28
2025-02-28	Stern John C	Tax withheld	3.9K	$46.28
2025-02-28	Stark Lisa R	Tax withheld	1.7K	$46.28
2025-02-28	Runkel Mark G.	Tax withheld	1.8K	$46.28
2025-02-28	Roy Arijit	Tax withheld	1.7K	$46.28
2025-02-28	Philipson Stephen L	Tax withheld	8.9K	$46.28
2025-02-28	Richard Jodi L	Tax withheld	5.4K	$46.28
2025-02-28	Kedia Gunjan	Tax withheld	9.5K	$46.28
2025-02-28	DOLAN TERRANCE R	Tax withheld	6.8K	$46.28
2025-02-28	Dilip Venkatachari	Tax withheld	2.8K	$46.28
2025-02-28	CECERE ANDREW	Tax withheld	15K	$46.28
2025-02-28	Barcelos Elcio R.T.	Tax withheld	3.5K	$46.28
2025-02-28	Badran Souheil	Tax withheld	3.4K	$46.28
2025-02-27	Stark Lisa R	Grant	17K	—
2025-02-27	Stern John C	Grant	26K	—
2025-02-27	Runkel Mark G.	Grant	14K	—
2025-02-27	Roy Arijit	Grant	14K	—
2025-02-27	Richard Jodi L	Grant	65K	—
2025-02-27	Richard Jodi L	Grant	35K	—
2025-02-27	Philipson Stephen L	Grant	29K	—
2025-02-27	Kelso Courtney	Grant	14K	—
2025-02-27	Kedia Gunjan	Grant	86K	—
2025-02-27	DOLAN TERRANCE R	Grant	45K	—
2025-02-27	Dilip Venkatachari	Grant	19K	—
2025-02-27	CHOSY JAMES L	Grant	22K	—
2025-02-27	CECERE ANDREW	Grant	95K	—
2025-02-27	Barcelos Elcio R.T.	Grant	25K	—
2025-02-27	Badran Souheil	Grant	22K	—
2025-02-13	DOLAN TERRANCE R	Disposition	25K	$46.98
2025-02-11	Richard Jodi L	Grant	35K	—
2025-02-11	Runkel Mark G.	Grant	16K	—
2025-02-11	Kedia Gunjan	Grant	44K	—
2025-02-11	DOLAN TERRANCE R	Grant	57K	—
2025-02-11	CHOSY JAMES L	Grant	27K	—
2025-02-11	CECERE ANDREW	Grant	135K	—
2025-02-11	Barcelos Elcio R.T.	Grant	27K	—
2025-02-06	Richard Jodi L	Sell	30K	$47.59
2025-02-05	CHOSY JAMES L	Option exercise	22K	$44.32
2025-02-05	CHOSY JAMES L	Sell	21K	$47.65
2025-02-04	CECERE ANDREW	Sell	102K	$47.25
2025-02-04	CECERE ANDREW	Option exercise	102K	$44.32
2025-02-03	Stark Lisa R	Sell	3.2K	$47.10
2025-02-03	DOLAN TERRANCE R	Option exercise	37K	$39.49
2025-02-03	DOLAN TERRANCE R	Option exercise	27K	$44.32
2025-02-03	DOLAN TERRANCE R	Option exercise	2.3K	$41.88
2025-02-03	DOLAN TERRANCE R	Sell	66K	$46.96
2025-02-03	Stark Lisa R	Option exercise	2.1K	$39.49
2025-02-03	Stark Lisa R	Option exercise	1.1K	$44.32

All non-derivative Form 4 activity (SEC), newest first.

Supply chain

Customers (4)

Suppliers (0)

Named in the 10-K; linked when we track them.

Notable events (8-K)

Date	Items
2026-06-24	OtherExhibits	filing ↗
2026-04-23	Shareholder voteExhibits	filing ↗
2026-04-16	ResultsReg FDExhibits	filing ↗
2026-04-08	Reg FDExhibits	filing ↗
2026-03-09	OtherExhibits	filing ↗
2026-01-29	Exec/director changeExhibits	filing ↗
2026-01-28	Exec/director changeExhibits	filing ↗
2026-01-20	ResultsReg FDExhibits	filing ↗

Recent filings

Form	Filed	Period	Accession
8-K	2026-06-24	2026-06-24	0000036104-26-000035 ↗
10-Q	2026-05-04	2026-03-31	0000036104-26-000024 ↗
8-K	2026-04-23	2026-04-21	0001193125-26-173818 ↗
8-K	2026-04-16	2026-04-16	0000036104-26-000021 ↗
8-K	2026-04-08	2026-04-08	0000036104-26-000017 ↗
8-K	2026-03-09	2026-03-09	0001193125-26-098675 ↗
10-K	2026-02-23	2025-12-31	0000036104-26-000011 ↗
8-K	2026-01-29	2026-01-27	0001193125-26-029382 ↗
8-K	2026-01-28	2026-01-27	0001193125-26-026195 ↗
8-K	2026-01-20	2026-01-20	0000036104-26-000005 ↗
8-K	2026-01-13	2026-01-12	0001193125-26-011142 ↗
8-K	2025-11-06	2025-11-06	0000036104-25-000066 ↗