USBU.S. Bancorp
The following information appears in accordance with the Private Securities Litigation Reform Act of 1995: This report contains forward-looking statements about U.S. Bancorp (“U.S. Bancorp” or the “Company”). 10-K, Item 1
- Employees
- 68,520
- Headquarters
- Minneapolis, MN
- CEO
- Gunjan Kedia
- Next results
- around Jan 19, 2027
Numbers that matter for banks, which general screens compare wrongly. Some come from the 10-K's XBRL. The rest are quoted from the company's own filings, because there is no standard tag for them: the sentence is the source.
Net interest margin
2.8% 10-Q filed 2026-11-05What the bank earns on loans and securities minus what it pays on deposits, as % of earning assets.
“The net interest margin, on a taxable-equivalent basis, was 2.84 percent in the third quarter of 2026 and 2.80 percent in the first nine months of 2026, compared with 2.75 percent and 2.71 percent, respectively, for the same periods of 2025.”
Read it in the filing ↗
Efficiency ratio
59.0% fiscal year to Dec 31, 2025Non-interest expense as % of revenue. Lower is leaner.
| FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| 60.4% | 61.6% | 67.4% | 62.9% | 59.0% |
XBRL: NoninterestExpense, 0000036104-26-000011; InterestIncomeExpenseNet, 0000036104-26-000011; NoninterestIncome, 0000036104-26-000011
Loans to deposits
73.5% fiscal year to Dec 31, 2025How much of its deposits the bank has lent out.
| FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| 67.2% | 72.6% | 71.5% | 71.8% | 73.5% |
XBRL: FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss, 0000036104-26-000058; Deposits, 0000036104-26-000058
Return on tangible common equity
15.9% fiscal year to Dec 31, 2025Net income over common equity without goodwill and intangibles (net income is before preferred dividends, so this runs a little high for banks with preferred stock).
| FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| 19.5% | 18.6% | 14.8% | 15.6% | 15.9% |
XBRL: NetIncomeLoss, 0000036104-26-000011; StockholdersEquity, 0000036104-26-000058; Goodwill, 0000036104-26-000058; IntangibleAssetsNetExcludingGoodwill, 0000036104-26-000058
Net interest income
$16.6B fiscal year to Dec 31, 2025Interest earned minus interest paid.
| FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| $12.5B | $14.7B | $17.4B | $16.3B | $16.6B |
XBRL: InterestIncomeExpenseNet, 0000036104-26-000011
Work on USB in a spreadsheet:
Excel workbook (a sheet per section, ten years by column, charts, links to the filings) ·
CSV.
For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/USB/export.csv") into a cell.