10-K 0000036104-26-000011 (2026-02-23) vs 10-K 0000036104-25-000016 (2025-02-21)
| Section | Compared text | Words now | Changed |
|---|
| Risk Factors | Item 1A | 34 |
not compared |
| MD&A | Item 7 | 49 |
not compared |
| Legal Proceedings | Item 3 | 42 |
not compared |
| Accounting Policies | 10-K text, Note 2 – Portions of the Proxy Statement for the Annual Meeting of Shareholders to be held April 21, 2026 (the “Proxy Statement”) Part III | 17,085 |
16.5% |
The redline: what was cut and what was added
In each section, the paragraph that changed most, marked against last year's 10-K:
cut words struck through, new words highlighted and underlined.
Accounting Policies 234 words changed in this paragraph; it is 65% similar to last year's version.
The Company is committed to managing risks that may impact the Company and incorporating risk considerations into its business activities at all levels, including strategic planning, risk identification inventory and assessment, and day-to-day business decisions. The Company’s Board of Directors has approved a risk management framework that establishes governance and risk management requirements for all the Company’s key risk areas and risk-taking activities. The Board oversees management’s performance relative to the risk management framework and risk appetite. Management is responsible for defining the various risks facing the Company, formulating risk management policies and procedures, and managing risk exposures on a day-to-day basis. The Company’s Executive Risk Committee (ERC), which is chaired by the Chief Risk Officer, oversees execution of the risk management framework. The ERC is supported by management’s senior operating committees, each responsible for a specified risk category. The Company’s Information Security Risk Cybersecurity and Technology Governance Committee (ISRC), (CTGC), which is co-chaired by the Chief co-Chief Information Security Officer (CISO) and Officers (CISOs), the Chief Technology Risk Officer, and the Head of Enterprise Architecture, is a senior operating committee under this risk governance structure and is responsible for the management of information security risk at the Company. The ISRC provides direction CTGC acts as the primary management-level committee dedicated to the governance and oversight of cybersecurity and technology at the information security risk management framework Company. The CTGC exercises oversight and corporate control programs of the Company, provides strategic direction regarding cybersecurity and technology risks, including significant information security related risk events, and mitigation strategies. Further, also monitors the ISRC facilitates overall health of the functions and the timely execution of critical actions. The CTGC considers the condition of the risks, the Company’s programs to manage risks, and significant cybersecurity or technology risk items escalated to the CTGC. The CTGC serves as a decision-making and approval body for key cybersecurity and technology policies, programs, emerging risks, and issues, while facilitating communication across business lines to provide for effective and consistent information security risk identification and control infrastructure to mitigate and manage material information security risks. The ISRC serves as an escalation, decision making, and approval body for information security risk items, including key policies and programs, issue resolution, emerging risks, and key program adherence. The ISRC escalates escalating matters as appropriate to executive management, the ERC, which reports to or the Board’s Board, including the Technology Committee, as appropriate. To accomplish its responsibilities, the CTGC is composed of senior management from Technology, including Information Security Services (ISS), Risk Management Committee, or a relevant committee of the Board. and Compliance, and from business line risk management. Generally, each of the ERC and ISRC CTGC meet at least monthly.
Source: 10-K text, Note 2 – Portions of the Proxy Statement for the Annual Meeting of Shareholders to be held April 21, 2026 (the “Proxy Statement”) Part III, 10-K 0000036104-26-000011 vs 10-K text, Note 2 – Portions of the Proxy Statement for the Annual Meeting of Shareholders to be held April 15, 2025 (the “Proxy Statement”) Part III, 10-K 0000036104-25-000016
Every change, by type
Sentences and paragraphs of USB's Risk Factors and MD&A, 10-K 2026-02-23 against 10-K 2025-02-21.
Each links to the text at sec.gov.
Quiet changes are sentences kept from last year with one to four words changed, at least one of them a hedge, a modal or a qualifier
(may, could, will, not, significant, material…). A year or date rolling forward is not counted.
The full word list
adverse, adversely, all, although, anticipate, anticipates, any, approximately, believe, believes, can, cannot, certain, could, expect, expects, generally, however, if, intend, intends, largely, likely, many, material, materially, may, might, most, must, never, no, not, possible, primarily, probable, should, significant, significantly, some, substantial, substantially, unlikely, will, would
No changes of this type found.
