US Bancorp DE

Company facts

Industry

National Commercial Banks

Headquarters

Minneapolis, Minnesota

Most recent report

10-Q, filed Aug 6, 2026

Incorporated

Delaware

Filings on record

1,008+ filings

On EDGAR

CIK 36104

Fiscal year ends

December

Filer status

Large accelerated filer

What to read: Jun 2026 10-Q

SECSift found 3 of 10 sections worth reading, with 6 positive, 8 notable, and 0 negative flags.

• Statement of Income Analysis

  Income analysis shows net income up, margins improved, and BTIG acquisition impact.
  Positive

  • Net income up 22% to $2.2B in Q2 2026, EPS $1.35 vs $1.11 year ago.
  • Net interest margin improved to 2.79% in Q2 2026 from 2.66% in Q2 2025.
  Notable

  • Average savings deposits grew 26.7% in Q2 2026 vs year ago, sharp acceleration from 4.5% in Q1.
  • Capital markets revenue surged 62.5% to $512M in Q2 2026 due to BTIG acquisition.
  • Noninterest expense up 5.9% in Q2 2026, driven by BTIG, technology (+12.5%), marketing (+34.2%).

• Balance Sheet Analysis

  Extensive loan growth, credit trends, liquidity, and segment results with numbers.
  Positive

  • Loans up $19.0B (4.8%) led by commercial and commercial real estate growth. Q2 2026.
  • Nonperforming assets fell $244M (15.3%) to $1.3B, ratio to loans dropped to 0.33%.
  • Net charge-offs annualized ratio fell to 0.53% in Q2 2026 from 0.59% a year earlier.
  • Wealth/Corporate/Commercial/Institutional Banking net income up 30.3% to $1.5B, boosted by BTIG.
  Notable

  • Available-for-sale securities show $4.4B ($3.3B net-of-tax) unrealized losses, unchanged from year-end.
  • Short-term borrowings surged $20.2B to $37.3B, mainly from higher FHLB balances.

• Notes to Consolidated Financial Statements

  Major acquisition, updated loan/credit data, and pending regulatory matters.
  Notable

  • BTIG acquisition closed June 1, 2026, adding fee revenue and expanding capabilities.
  • Visa injunction settlement preliminarily approved; final hearing Nov 16, 2026.
  • OCC and other agencies investigating fair access to banking practices.

What changed: Jun 2026 vs. Mar 2026

About 7% of USB's Jun 2026 10-Q is new information. 50 paragraphs were added, 258 changed, and 63 removed. Below are the most important lines SECSift identified.

• Balance Sheet Analysis 98
• Notes to Consolidated Financial Statements 97
• Statement of Income Analysis 13
• Consolidated Statement of Shareholders’ Equity 4
• Part II 3
• Item 6 3