Security
U.S. Bancorp Depositary Shares each representing a 1/1,000th interest in a share of Series K Non-Cumulative Perpetual Preferred Stock · USB PRP
USB PRPNYSEPreferred stockCurrentCIK 36104Updated Nov 2, 2026
USB PRP price & chart
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About the company
U.S. Bancorp, with approximately 70,000 employees and $695 billion in assets as of September 30, 2025, is the parent company of U.S. Bank National Association. Headquartered in Minneapolis, the company serves millions of customers locally, nationally and globally through a diversified mix of businesses, including consumer banking, business banking, commercial banking, institutional banking, payments and wealth management. U.S. Bancorp has been recognized for its approach to digital innovation, community partnerships and customer service, including being named one of the 2025 World’s Most Ethical Companies and one of Fortune’s most admired superregional banks. Learn more at usbank.com/about.
In the news
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Recent filings
FWP - filed by US BANCORP \DE\ regarding US BANCORP \DE\
424B2 filing
424B2 filing
424B2 filing
424B2 filing
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Financials
FY 2025 · USDSource
Source
Source
balance sheet · annual statements
| Line item | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q2 2024 | Q1 2026 | Q1 2025 | Q1 2024 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||||||
| AssetsUSD | 695,357,000,000Source | 686,469,000,000Source | 725,918,000,000Source | 686,370,000,000Source | 680,058,000,000Source | 700,998,000,000Source | 676,489,000,000Source | 683,606,000,000Source | 692,345,000,000Source | 678,318,000,000Source | 663,491,000,000Source | 674,805,000,000Source |
| Property, Plant and Equipment, NetUSD | — | — | — | — | — | — | — | — | — | — | — | 3,858,000,000Source |
| GoodwillUSD | 12,634,000,000Source | 12,573,000,000Source | 13,234,000,000Source | 12,637,000,000Source | 12,476,000,000Source | 12,625,000,000Source | 12,555,000,000Source | 12,479,000,000Source | 12,635,000,000Source | 12,536,000,000Source | 12,489,000,000Source | 12,373,000,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 5,152,000,000Source | 5,488,000,000Source | 4,999,000,000Source | 5,285,000,000Source | 5,757,000,000Source | 4,799,000,000Source | 5,381,000,000Source | 6,031,000,000Source | 4,904,000,000Source | 5,547,000,000Source | 6,084,000,000Source | 7,155,000,000Source |
| Operating Lease, Right-of-Use AssetUSD | — | — | — | — | — | — | — | — | 1,195,000,000Source | 1,114,000,000Source | 1,149,000,000Source | — |
| LIABILITIES AND EQUITY | ||||||||||||
| LiabilitiesUSD | 631,559,000,000Source | 627,148,000,000Source | 658,023,000,000Source | 624,474,000,000Source | 623,173,000,000Source | 634,751,000,000Source | 615,931,000,000Source | 627,573,000,000Source | 626,694,000,000Source | 619,278,000,000Source | 607,720,000,000Source | 623,573,000,000Source |
| Stockholders’ equity: | ||||||||||||
| Common Stock, Value, IssuedUSD | 21,000,000Source | 21,000,000Source | 21,000,000Source | 21,000,000Source | 21,000,000Source | 21,000,000Source | 21,000,000Source | 21,000,000Source | 21,000,000Source | 21,000,000Source | 21,000,000Source | 21,000,000Source |
| Retained Earnings (Accumulated Deficit)USD | 79,742,000,000Source | 76,057,000,000Source | 83,241,000,000Source | 78,652,000,000Source | 75,231,000,000Source | 81,944,000,000Source | 77,691,000,000Source | 74,473,000,000Source | 80,906,000,000Source | 76,863,000,000Source | 74,026,000,000Source | 71,901,000,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -7,748,000,000Source | -8,746,000,000Source | -7,111,000,000Source | -8,609,000,000Source | -10,308,000,000Source | -7,223,000,000Source | -9,042,000,000Source | -10,353,000,000Source | -6,987,000,000Source | -9,764,000,000Source | -10,096,000,000Source | -11,407,000,000Source |
| Stockholders' Equity Attributable to ParentUSD | 63,340,000,000Source | 58,859,000,000Source | 67,432,000,000Source | 61,438,000,000Source | 56,420,000,000Source | 65,786,000,000Source | 60,096,000,000Source | 55,568,000,000Source | 65,193,000,000Source | 58,578,000,000Source | 55,306,000,000Source | 50,766,000,000Source |
| Additional Paid in Capital, Common StockUSD | 8,745,000,000Source | 8,729,000,000Source | 8,773,000,000Source | 8,706,000,000Source | 8,688,000,000Source | 8,623,000,000Source | 8,678,000,000Source | 8,642,000,000Source | 8,728,000,000Source | 8,715,000,000Source | 8,673,000,000Source | 8,712,000,000Source |
| Liabilities and EquityUSD | 695,357,000,000Source | 686,469,000,000Source | 725,918,000,000Source | 686,370,000,000Source | 680,058,000,000Source | 700,998,000,000Source | 676,489,000,000Source | 683,606,000,000Source | 692,345,000,000Source | 678,318,000,000Source | 663,491,000,000Source | 674,805,000,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 458,000,000Source | 462,000,000Source | 463,000,000Source | 458,000,000Source | 465,000,000Source | 461,000,000Source | 462,000,000Source | 465,000,000Source | 458,000,000Source | 462,000,000Source | 465,000,000Source | 466,000,000Source |
| Additional Financial Items | ||||||||||||
| Long-term DebtUSD | — | — | — | — | — | — | — | — | — | — | — | 39,829,000,000Source |
cash flow · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | — | — | 2,008,000,000Source | 1,722,000,000Source | 2,183,000,000Source | 1,821,000,000Source | 1,950,000,000Source | 1,716,000,000Source | 7,596,000,000Source | 6,329,000,000Source | 5,458,000,000Source | 5,838,000,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Deferred Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | — | 308,000,000Source | — | — | — |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | — | — | — | — | 1,340,000,000Source | -308,000,000Source | 7,970,000,000Source | 11,273,000,000Source | 8,447,000,000Source | 21,119,000,000Source |
| Cash flows from investing activities: | ||||||||||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | — | — | — | — | — | -5,351,000,000Source | -2,548,000,000Source | -20,538,000,000Source | -24,534,000,000Source | 18,925,000,000Source | 7,500,000,000Source |
| Payments for (Proceeds from) Other Investing ActivitiesUSD | — | — | — | — | — | — | 959,000,000Source | 634,000,000Source | 2,961,000,000Source | 1,835,000,000Source | 1,184,000,000Source | 5,392,000,000Source |
| Cash flows from financing activities: | ||||||||||||
| Payments for Repurchase of Common StockUSD | — | — | — | — | — | — | 276,000,000Source | 160,000,000Source | 489,000,000Source | 173,000,000Source | 62,000,000Source | 69,000,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | — | — | — | — | 5,673,000,000Source | -3,896,000,000Source | 2,250,000,000Source | 8,571,000,000Source | -19,722,000,000Source | -3,982,000,000Source |
| Payments of Ordinary Dividends, Common StockUSD | — | — | — | — | — | — | 816,000,000Source | 787,000,000Source | 3,168,000,000Source | 3,092,000,000Source | 2,970,000,000Source | 2,776,000,000Source |
| Proceeds from (Payments for) Other Financing ActivitiesUSD | — | — | — | — | — | — | -14,000,000Source | -24,000,000Source | -86,000,000Source | -55,000,000Source | — | — |
| Repayments of Long-term DebtUSD | — | — | — | — | — | — | 3,225,000,000Source | 2,101,000,000Source | 9,052,000,000Source | 6,042,000,000Source | 4,084,000,000Source | 6,926,000,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | — | — | — | — | — | 1,530,000,000Source | -6,489,000,000Source | -9,612,000,000Source | -4,690,000,000Source | 7,650,000,000Source | 24,637,000,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | 66,637,000,000Source | 73,562,000,000Source | 66,491,000,000Source | 57,807,000,000Source | 48,420,000,000Source | 50,013,000,000Source | 46,890,000,000Source | 56,502,000,000Source | 61,192,000,000Source | 53,542,000,000Source |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | — | — | — | — | — | — | — | 14,388,000,000Source | 15,382,000,000Source | 12,282,000,000Source | 2,717,000,000Source |
| Income Taxes Paid, NetUSD | — | — | — | — | — | — | — | — | 544,000,000Source | — | — | — |
| Additional Financial Items | ||||||||||||
| Share-based Payment Arrangement, ExpenseUSD | — | — | — | — | — | — | — | — | 235,000,000Source | 232,000,000Source | 224,000,000Source | 202,000,000Source |
| Amortization of Intangible AssetsUSD | — | — | 125,000,000Source | 142,000,000Source | 114,000,000Source | 124,000,000Source | 110,000,000Source | 123,000,000Source | 498,000,000Source | 569,000,000Source | 636,000,000Source | 215,000,000Source |
| Debt Securities, Available-for-sale, Realized Gain (Loss)USD | — | — | -7,000,000Source | -119,000,000Source | -49,000,000Source | -57,000,000Source | -35,000,000Source | 0Source | -61,000,000Source | -154,000,000Source | -145,000,000Source | 20,000,000Source |
| Depreciation, NonproductionUSD | — | — | — | — | — | — | 94,000,000Source | 92,000,000Source | 377,000,000Source | 370,000,000Source | 382,000,000Source | 345,000,000Source |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual AmountUSD | — | — | — | — | — | — | 0Source | 0Source | — | — | 5,000,000Source | — |
| Fair Value, Option, Changes in Fair Value, Gain (Loss)USD | — | — | — | — | — | — | — | — | — | — | — | -450,000,000Source |
| Gain (Loss) on Disposition of Other AssetsUSD | — | — | — | — | — | — | -27,000,000Source | 28,000,000Source | -1,000,000Source | -123,000,000Source | -119,000,000Source | 188,000,000Source |
| GoodwillUSD | — | — | 12,634,000,000Source | 12,573,000,000Source | 13,234,000,000Source | 12,637,000,000Source | 12,625,000,000Source | 12,555,000,000Source | 12,635,000,000Source | 12,536,000,000Source | 12,489,000,000Source | 12,373,000,000Source |
| Income Tax Expense (Benefit)USD | — | — | 524,000,000Source | 350,000,000Source | 537,000,000Source | 472,000,000Source | 469,000,000Source | 443,000,000Source | 1,921,000,000Source | 1,580,000,000Source | 1,407,000,000Source | 1,463,000,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | 2,001,000,000Source | 1,714,000,000Source | 2,177,000,000Source | 1,815,000,000Source | 1,945,000,000Source | 1,709,000,000Source | 7,570,000,000Source | 6,299,000,000Source | 5,429,000,000Source | 5,825,000,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | — | — | 7,000,000Source | 8,000,000Source | 6,000,000Source | 6,000,000Source | 5,000,000Source | 7,000,000Source | 26,000,000Source | 30,000,000Source | 29,000,000Source | 13,000,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | 1,893,000,000Source | 1,601,000,000Source | 2,098,000,000Source | 1,733,000,000Source | 1,841,000,000Source | 1,603,000,000Source | 7,194,000,000Source | 5,909,000,000Source | 5,051,000,000Source | 5,501,000,000Source |
| Other Interest and Dividend IncomeUSD | — | — | 812,000,000Source | 863,000,000Source | 483,000,000Source | 642,000,000Source | 974,000,000Source | 647,000,000Source | 3,039,000,000Source | 3,373,000,000Source | 3,051,000,000Source | 763,000,000Source |
| Proceeds from Issuance of Common StockUSD | — | — | — | — | — | — | 16,000,000Source | 16,000,000Source | 45,000,000Source | 32,000,000Source | 951,000,000Source | 21,000,000Source |
| Proceeds from Issuance of Long-term DebtUSD | — | — | — | — | — | — | 3,289,000,000Source | 3,590,000,000Source | 10,360,000,000Source | 12,017,000,000Source | 15,583,000,000Source | 8,732,000,000Source |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-saleUSD | — | — | — | — | — | — | 2,470,000,000Source | 1,340,000,000Source | 6,981,000,000Source | 6,006,000,000Source | 6,314,000,000Source | 14,927,000,000Source |
| Proceeds from Stock Options ExercisedUSD | — | — | — | — | — | — | — | — | — | 32,000,000Source | 15,000,000Source | 21,000,000Source |
| Provision for Loan, Lease, and Other LossesUSD | — | — | 571,000,000Source | 557,000,000Source | 538,000,000Source | 501,000,000Source | 576,000,000Source | 537,000,000Source | 2,186,000,000Source | 2,238,000,000Source | 2,275,000,000Source | 1,977,000,000Source |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | — | — | — | — | — | — | — | — | — |
income statement · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total RevenueUSD | — | — | 7,329,000,000Source | 6,864,000,000Source | 7,712,000,000Source | 7,004,000,000Source | 7,288,000,000Source | 6,958,000,000Source | 28,656,000,000Source | 27,455,000,000Source | 28,144,000,000Source | — |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | — | — | 2,532,000,000Source | 2,072,000,000Source | 2,720,000,000Source | 2,293,000,000Source | 2,419,000,000Source | 2,159,000,000Source | 9,517,000,000Source | 7,909,000,000Source | 6,865,000,000Source | 7,301,000,000Source |
| Income Tax Expense (Benefit)USD | — | — | 524,000,000Source | 350,000,000Source | 537,000,000Source | 472,000,000Source | 469,000,000Source | 443,000,000Source | 1,921,000,000Source | 1,580,000,000Source | 1,407,000,000Source | 1,463,000,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | — | — | 7,000,000Source | 8,000,000Source | 6,000,000Source | 6,000,000Source | 5,000,000Source | 7,000,000Source | 26,000,000Source | 30,000,000Source | 29,000,000Source | 13,000,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | 2,001,000,000Source | 1,714,000,000Source | 2,177,000,000Source | 1,815,000,000Source | 1,945,000,000Source | 1,709,000,000Source | 7,570,000,000Source | 6,299,000,000Source | 5,429,000,000Source | 5,825,000,000Source |
| Earnings Per Share, BasicUSD per share | — | — | 1.22Source | 1.03Source | 1.35Source | 1.11Source | 1.18Source | 1.03Source | 4.62Source | 3.79Source | 3.27Source | 3.69Source |
| Earnings Per Share, DilutedUSD per share | — | — | 1.22Source | 1.03Source | 1.35Source | 1.11Source | 1.18Source | 1.03Source | 4.62Source | 3.79Source | 3.27Source | 3.69Source |
| Weighted Average Number of Shares Outstanding, Basicshares | — | — | 1,557,000,000Source | 1,561,000,000Source | 1,554,000,000Source | 1,559,000,000Source | 1,554,000,000Source | 1,559,000,000Source | 1,557,000,000Source | 1,560,000,000Source | 1,543,000,000Source | 1,489,000,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | — | — | 1,557,000,000Source | 1,561,000,000Source | 1,555,000,000Source | 1,559,000,000Source | 1,555,000,000Source | 1,560,000,000Source | 1,558,000,000Source | 1,561,000,000Source | 1,543,000,000Source | 1,490,000,000Source |
| Additional Financial Items | ||||||||||||
| Amortization of Intangible AssetsUSD | — | — | 125,000,000Source | 142,000,000Source | 114,000,000Source | 124,000,000Source | 110,000,000Source | 123,000,000Source | 498,000,000Source | 569,000,000Source | 636,000,000Source | 215,000,000Source |
| Common Stock, Dividends, Per Share, DeclaredUSD per share | — | — | 0.52Source | 0.5Source | 0.52Source | 0.5Source | 0.52Source | 0.5Source | 2.04Source | 1.98Source | 1.93Source | 1.88Source |
| Current Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | — | 1,613,000,000Source | — | — | — |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual AmountUSD | — | — | — | — | — | — | 0Source | 0Source | — | — | 5,000,000Source | — |
| Fair Value, Option, Changes in Fair Value, Gain (Loss)USD | — | — | — | — | — | — | — | — | — | — | — | -450,000,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | — | — | — | — | — | — | — | — | 9,330,000,000Source | — | — | — |
| Interest ExpenseUSD | — | — | — | — | — | — | — | — | — | — | 12,611,000,000Source | 3,217,000,000Source |
| InterestExpenseOperatingUSD | — | — | 3,705,000,000Source | 3,951,000,000Source | 3,237,000,000Source | 3,553,000,000Source | 3,575,000,000Source | 3,424,000,000Source | 14,321,000,000Source | 15,377,000,000Source | — | — |
| Interest Income (Expense), NetUSD | — | — | 4,222,000,000Source | 4,135,000,000Source | 4,361,000,000Source | 4,051,000,000Source | 4,263,000,000Source | 4,092,000,000Source | 16,649,000,000Source | 16,289,000,000Source | 17,396,000,000Source | 14,728,000,000Source |
| Lease IncomeUSD | — | — | 200,000,000Source | 195,000,000Source | 202,000,000Source | 199,000,000Source | 197,000,000Source | 197,000,000Source | 792,000,000Source | 775,000,000Source | 738,000,000Source | 764,000,000Source |
| Marketing and Advertising ExpenseUSD | — | — | 175,000,000Source | 165,000,000Source | 216,000,000Source | 161,000,000Source | 217,000,000Source | 182,000,000Source | 705,000,000Source | 619,000,000Source | 726,000,000Source | 456,000,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | 1,893,000,000Source | 1,601,000,000Source | 2,098,000,000Source | 1,733,000,000Source | 1,841,000,000Source | 1,603,000,000Source | 7,194,000,000Source | 5,909,000,000Source | 5,051,000,000Source | 5,501,000,000Source |
| Other Interest and Dividend IncomeUSD | — | — | 812,000,000Source | 863,000,000Source | 483,000,000Source | 642,000,000Source | 974,000,000Source | 647,000,000Source | 3,039,000,000Source | 3,373,000,000Source | 3,051,000,000Source | 763,000,000Source |
| Undistributed Earnings (Loss) Allocated to Participating Securities, BasicUSD | — | — | 11,000,000Source | 10,000,000Source | 13,000,000Source | 12,000,000Source | 11,000,000Source | 11,000,000Source | 47,000,000Source | 38,000,000Source | 28,000,000Source | 28,000,000Source |
Offerings
Registration 333-294133
Filing attachments
d20659dex41.htm · 8-K · 2026-10-30
Exhibit 4.1 CERTIFICATE OF DESIGNATIONS OF SERIES P FIXED RATE RESET NON-CUMULATIVE PERPETUAL PREFERRED STOCK OF U.S. BANCORP Pursuant to Section 151 of the General Corporation Law of the State of Delaware U.S. Bancorp, a corporation organized and existing under the General Corporation Law of the State of Delaware (the “Corporation”), does hereby certify that: On October 19, 2026, the Risk Management Committee (the “Committee”) of the Board of Directors of the Corporation (the “Boa…
Read attachment ↗d20659dex42.htm · 8-K · 2026-10-30
Exhibit 4.2 Number: P-1 40,000 Shares SEE REVERSE FOR IMPORTANT NOTICE ON TRANSFER RESTRICTIONS AND OTHER INFORMATION CUSIP 902973BG0 U.S. BANCORP a Corporation Organized Under the Laws of the State of Delaware THIS CERTIFIES THAT U.S. Bank Trust Company, National Association, as depositary, is the owner of forty thousand (40,000) fully paid and non-assessable shares of 7.20% Series P Fixed Rate Reset …
Read attachment ↗d20659dex43.htm · 8-K · 2026-10-30
Exhibit 4.3 Execution Version DEPOSIT AGREEMENT among U.S. BANCORP, U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, as Depositary, and THE HOLDERS FROM TIME TO TIME OF THE DEPOSITARY RECEIPTS DESCRIBED HEREIN Dated as of October 30, 2026 Page ARTICLE I …
Read attachment ↗d104419dex41.htm · 8-K · 2026-03-09
EX-4.1 3 d104419dex41.htm EX-4.1 EX-4.1 Exhibit 4.1 U.S. BANCORP Medium-Term Notes, Series EE (Senior) Officers’ Certificate and Company Order Pursuant to the Indenture, dated as of October 1, 1991, as amended by a First Supplemental Indenture, dated as of April 21, 2017 (as so amended, the “Indenture”), between U.S. Bancorp (the “Company”) and Citibank, N.A., as Trustee (the “Trustee”), and resolutions adopted by the Company’s Board of Directors on January 27, 2026, this Officers’ Cert…
Read attachment ↗d104419dex42.htm · 8-K · 2026-03-09
EX-4.2 4 d104419dex42.htm EX-4.2 EX-4.2 Exhibit 4.2 U.S. BANCORP Medium-Term Notes, Series FF (Subordinated) Officers’ Certificate and Company Order Pursuant to the Indenture, dated as of October 1, 1991, as amended by a First Supplemental Indenture, dated as of April 1, 1993, and a Second Supplemental Indenture, dated as of April 21, 2017 (as so amended, the “Indenture”), between U.S. Bancorp (the “Company”) and Citibank, N.A., as Trustee (the “Trustee”), and resolutions adopted by the…
Read attachment ↗d104419dex43.htm · 8-K · 2026-03-09
EX-4.3 5 d104419dex43.htm EX-4.3 EX-4.3 Exhibit 4.3(a) [If the registered owner of this Master Global Note is The Depository Trust Company or a nominee thereof, the following legend is applicable: This Master Global Senior Note (this “Master Global Note”) is a Global Security within the meaning of the Indenture referred to herein and is registered in the name of a Depositary or a nominee of a Depositary. Unless this certificate is presented by an authorized representative of The Depository…
Read attachment ↗