U.S. Bancorp (USB) 10-Year Financial Performance & Capital Metrics

USB • • Banking & Credit

Financial ServicesRegional BanksCommercial & Business BankingCommercial & Corporate Banking

AboutU.S. Bancorp, a financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities and other financial institutions in the United States. It operates in Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support segments. The company offers depository services, including checking accounts, savings accounts, and time certificate contracts; lending services, such as traditional credit products; and credit card services, lease financing and import/export trade, asset-backed lending, agricultural finance, and other products. It also provides ancillary services comprising capital markets, treasury management, and receivable lock-box collection services to corporate and governmental entity customers; and a range of asset management and fiduciary services for individuals, estates, foundations, business corporations, and charitable organizations. In addition, the company offers investment and insurance products to its customers principally within its markets, as well as fund administration services to a range of mutual and other funds. Further, it provides corporate and purchasing card, and corporate trust services; and merchant processing services, as well as investment management, ATM processing, mortgage banking, insurance, and brokerage and leasing services. As of December 31, 2021, the company provided its products and services through a network of 2,230 banking offices principally operating in the Midwest and West regions of the United States, as well as through on-line services, over mobile devices, and other distribution channels; and operated a network of 4,059 ATMs. The company was founded in 1863 and is headquartered in Minneapolis, Minnesota.Show more

Net Interest Income $16.29B -6.4%
Total Revenue $42.71B +5.1%
Net Income $6.3B +16.0%
Return on Equity 10.97% +8.1%
Net Interest Margin 2.4% -8.4%
Efficiency Ratio 40.24% -13.4%
ROA 0.94% +15.7%
Equity / Assets 8.7% +3.5%
Book Value per Share 37.82 +4.6%
Tangible BV/Share 26.24 +8.8%
Debt/Equity 1.25 +4.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient operations: 40.2% efficiency ratio
✓14 consecutive years of dividend growth
✓Healthy dividend yield of 3.7%
✓Trading near 52-week high
✓Trading at only 1.4x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y7.16%

5Y9.34%

3Y21.67%

TTM-

Profit (Net Income) CAGR

10Y0.74%

5Y-1.85%

3Y-7.52%

TTM31.1%

EPS CAGR

10Y2.1%

5Y-1.85%

3Y-9.42%

TTM33.33%

ROCE

10Y Avg7.36%

5Y Avg6.47%

3Y Avg5.85%

Latest5.64%

Peer Comparison

Commercial & Corporate Banking

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TCBITexas Capital Bancshares, Inc.	4.49B	98.37	76.85	-1.72%	4.4%	7.92%	9.27%	0.46
BANCBanc of California, Inc.	3.15B	20.87	40.13	24.65%	6.78%	6.01%	2.04%	0.67
DBDeutsche Bank AG	74.26B	38.87	28.37	11.78%	5.07%	7.18%		1.91
HTHHilltop Holdings Inc.	2.2B	35.83	20.59	2.5%	7.35%	7.2%	12.14%	0.61
SFBSServisFirst Bancshares, Inc.	4.28B	78.31	18.82	17.89%	23.26%	14.33%	5.8%	1.27
CMAComerica Incorporated	11.69B	91.51	18.23	-4.95%	13.98%	10.57%	3.83%	1.02
BOKFBOK Financial Corporation	8.08B	127.69	15.69	10.4%	15.57%	8.91%	15.59%	0.80
CNOBConnectOne Bancorp, Inc.	1.37B	27.26	15.49	6.06%	13.8%	3.98%	4.15%	0.63

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	11.15B	11.67B	12.38B	12.92B	13.05B	12.82B	12.49B	14.73B	17.4B	16.29B
NII Growth %	0.03%	0.05%	0.06%	0.04%	0.01%	-0.02%	-0.03%	0.18%	0.18%	-0.06%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	12.38B	13.13B	14.35B	16.17B	17.49B	14.84B	13.49B	17.95B	30.01B	31.67B
Interest Expense	1.23B	1.47B	1.97B	3.25B	4.44B	2.02B	993M	3.22B	12.61B	15.38B
Loan Loss Provision	1.13B	1.32B	1.39B	1.38B	1.5B	3.81B	-1.17B	1.98B	2.27B	2.24B
Non-Interest Income+	8.82B	9.29B	9.32B	9.6B	9.83B	10.4B	10.23B	9.46B	10.62B	11.05B
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	21.2B	22.42B	23.66B	25.77B	27.32B	25.24B	23.71B	27.4B	40.62B	42.71B
Revenue Growth %	-0.01%	0.06%	0.06%	0.09%	0.06%	-0.08%	-0.06%	0.16%	0.48%	0.05%
Non-Interest Expense	10.81B	11.53B	12.79B	12.46B	12.79B	13.37B	13.73B	14.91B	18.87B	17.19B
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	8.03B	8.11B	7.52B	8.68B	8.59B	6.05B	10.17B	7.3B	6.87B	7.91B
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0%	0.01%	-0.07%	0.15%	-0.01%	-0.3%	0.68%	-0.28%	-0.06%	0.15%
Pretax Income+	8.03B	8.11B	7.52B	8.68B	8.59B	6.05B	10.17B	7.3B	6.87B	7.91B
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	2.1B	2.16B	1.26B	1.55B	1.65B	1.07B	2.18B	1.46B	1.41B	1.58B
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	5.88B	5.89B	6.22B	7.1B	6.91B	4.96B	7.96B	5.83B	5.43B	6.3B
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0%	0%	0.06%	0.14%	-0.03%	-0.28%	0.61%	-0.27%	-0.07%	0.16%
Net Income (Continuing)	5.93B	5.94B	6.25B	7.12B	6.95B	4.99B	7.99B	5.84B	5.46B	6.33B
EPS (Diluted)+	3.16	3.24	3.51	4.14	4.16	3.06	5.10	3.69	3.27	3.79
EPS Growth %	0.03%	0.03%	0.08%	0.18%	0%	-0.26%	0.67%	-0.28%	-0.11%	0.16%
EPS (Basic)	3.18	3.25	3.53	4.15	4.16	3.06	5.11	3.69	3.27	3.79
Diluted Shares Outstanding	1.77B	1.72B	1.68B	1.64B	1.58B	1.51B	1.49B	1.49B	1.54B	1.56B

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	11.15B	15.71B	19.5B	21.45B	22.41B	62.58B	28.91B	53.54B	61.19B	56.5B
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	354.22B	370.97B	378.28B	380.86B	405.82B	421.89B	475.98B	534.19B	513.73B	530.86B
Investments Growth %	0.05%	0.05%	0.02%	0.01%	0.07%	0.04%	0.13%	0.12%	-0.04%	0.03%
Long-Term Investments	293.24B	305.44B	310.83B	316.8B	283.48B	285.45B	343.57B	462.14B	444.36B	444.49B
Accounts Receivables	0	0	0	0	0	0	0	0	0	0
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	9.36B	9.34B	9.43B	9.37B	9.65B	9.92B	10.26B	12.37B	12.49B	12.54B
Intangible Assets	3.35B	3.3B	3.23B	3.39B	3.22B	2.86B	3.74B	7.16B	6.08B	5.55B
PP&E (Net)	2.51B	2.44B	2.43B	2.46B	3.7B	3.47B	3.31B	3.86B	3.62B	3.56B
Other Assets	30.74B	32.43B	35.57B	35.7B	36.44B	39.48B	38.73B	53.61B	58.03B	61.04B
Total Current Assets	82.64B	93.01B	100.54B	99.65B	158.93B	212.72B	173.68B	135.68B	138.9B	151.14B
Total Non-Current Assets	339.21B	352.96B	361.5B	367.72B	336.49B	341.18B	399.61B	539.13B	524.59B	527.18B
Total Assets+	421.85B	445.96B	462.04B	467.37B	495.43B	553.9B	573.28B	674.8B	663.49B	678.32B
Asset Growth %	0.05%	0.06%	0.04%	0.01%	0.06%	0.12%	0.03%	0.18%	-0.02%	0.02%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.02%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Accounts Payable	0	0	0	0	0	0	0	0	0	0
Total Debt+	60.91B	47.29B	48.91B	55.48B	63.89B	53.06B	43.92B	71.05B	66.76B	73.52B
Net Debt	49.77B	31.58B	29.41B	34.03B	41.48B	-9.52B	15.02B	17.5B	5.57B	17.02B
Long-Term Debt	32.08B	33.32B	32.26B	41.34B	40.17B	41.3B	32.13B	39.83B	51.48B	58B
Short-Term Debt	27.88B	13.96B	16.65B	14.14B	23.72B	11.77B	11.8B	31.22B	15.28B	15.52B
Other Liabilities	13.72B	16.16B	16.25B	14.76B	17.14B	17.35B	17.89B	27.55B	28.65B	27.45B
Total Current Liabilities	328.28B	348.55B	363.87B	359.61B	385.64B	441.54B	467.88B	556.19B	527.59B	533.83B
Total Non-Current Liabilities	46.76B	49.48B	48.51B	56.1B	57.3B	58.64B	50.02B	67.38B	80.13B	85.45B
Total Liabilities	375.04B	398.03B	412.37B	415.72B	442.94B	500.18B	517.9B	623.57B	607.72B	619.28B
Total Equity+	46.82B	47.93B	49.67B	51.66B	52.48B	53.73B	55.39B	51.23B	55.77B	59.04B
Equity Growth %	0.06%	0.02%	0.04%	0.04%	0.02%	0.02%	0.03%	-0.08%	0.09%	0.06%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.13%	0.12%	0.13%	0.14%	0.13%	0.09%	0.15%	0.11%	0.1%	0.11%
Book Value per Share	26.42	27.80	29.51	31.54	33.15	35.58	37.17	34.38	36.14	37.82
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	21M	21M	21M	21M	21M	21M	21M	21M	21M	21M
Additional Paid-in Capital	8.38B	8.44B	8.46B	8.47B	8.47B	8.51B	8.54B	8.71B	8.67B	8.71B
Retained Earnings	46.38B	50.15B	54.14B	59.06B	63.19B	64.19B	69.2B	71.9B	74.03B	76.86B
Accumulated OCI	-1.02B	-1.53B	-1.4B	-2.32B	-1.37B	322M	-1.94B	-11.41B	-10.1B	-9.76B
Treasury Stock	-13.13B	-15.28B	-17.6B	-20.19B	-24.44B	-25.93B	-27.27B	-25.27B	-24.13B	-24.07B
Preferred Stock	5.5B	5.5B	5.42B	5.98B	5.98B	5.98B	6.37B	6.81B	6.81B	6.81B

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	8.78B	5.34B	6.47B	10.56B	4.89B	3.72B	9.87B	21.12B	8.45B	11.27B
Operating CF Growth %	0.65%	-0.39%	0.21%	0.63%	-0.54%	-0.24%	1.66%	1.14%	-0.6%	0.33%
Net Income	5.88B	5.89B	6.22B	7.1B	6.91B	4.96B	7.96B	5.83B	5.43B	6.3B
Depreciation & Amortization	481M	470M	468M	467M	502M	527M	497M	560M	1.02B	939M
Deferred Taxes	0	0	0	0	0	0	0	0	0	0
Other Non-Cash Items	2.42B	-1.02B	-214M	3B	-2.53B	-1.77B	1.41B	14.73B	2B	1.96B
Working Capital Changes	0	0	0	0	0	0	0	0	0	2.08B
Cash from Investing+	-21.15B	-17.96B	-12.13B	-8.98B	-21.56B	-15.44B	-57.49B	7.5B	18.93B	-24.53B
Purchase of Investments	-29.74B	-38.85B	-27.57B	-19.87B	-40.52B	-68.66B	-100.13B	-31.68B	-9.27B	-36.13B
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	0	0	0	0	-556M	-661M	12.26B	-330M	-103M
Other Investing	-16.07B	-13.34B	-8.99B	-8.54B	-12.89B	-2.46B	-15.06B	-30.15B	4.84B	-13.59B
Cash from Financing+	12.86B	17.18B	9.45B	361M	17.62B	51.9B	13.94B	-3.98B	-19.72B	8.57B
Dividends Paid	-2.02B	-2.08B	-2.21B	-2.37B	-2.75B	-2.85B	-2.89B	-3.08B	-3.31B	-3.45B
Share Repurchases	-2.19B	-2.56B	-3.72B	-2.82B	-4.53B	-1.67B	-2.81B	-1.17B	-62M	-173M
Stock Issued	295M	355M	1.15B	86M	88M	15M	2.26B	458M	951M	32M
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	-1000K	-1000K	1000K	1000K	1000K	-1000K	-1000K	1000K	-1000K	1000K
Other Financing	18.29B	34.15B	12.69B	-1.74B	16.53B	67.85B	26.15B	-17.21B	-12.29B	5.95B
Net Change in Cash+	493M	4.56B	3.8B	1.95B	952M	40.17B	-33.67B	24.64B	7.65B	-4.69B
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	10.65B	11.15B	15.71B	19.5B	21.45B	22.41B	62.58B	28.91B	53.54B	61.19B
Cash at End	11.15B	15.71B	19.5B	21.45B	22.41B	62.58B	28.91B	53.54B	61.19B	56.5B
Interest Paid	1.43B	1.59B	2.09B	3.06B	4.4B	2.2B	1.06B	2.72B	12.28B	15.38B
Income Taxes Paid	742M	595M	555M	365M	941M	1.02B	535M	767M	645M	499M
Free Cash Flow+	8.78B	5.34B	6.47B	10.56B	4.89B	3.72B	9.87B	21.12B	8.45B	11.27B
FCF Growth %	0.65%	-0.39%	0.21%	0.63%	-0.54%	-0.24%	1.66%	1.14%	-0.6%	0.33%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	12.92%	12.43%	12.74%	14.01%	13.28%	9.34%	14.6%	10.93%	10.15%	10.97%
Return on Assets (ROA)	1.43%	1.36%	1.37%	1.53%	1.44%	0.95%	1.41%	0.93%	0.81%	0.94%
Net Interest Margin	2.64%	2.62%	2.68%	2.76%	2.63%	2.32%	2.18%	2.18%	2.62%	2.4%
Efficiency Ratio	50.99%	51.4%	54.05%	48.36%	46.79%	52.97%	57.89%	54.4%	46.46%	40.24%
Equity / Assets	11.1%	10.75%	10.75%	11.05%	10.59%	9.7%	9.66%	7.59%	8.41%	8.7%
Book Value / Share	26.42	27.8	29.51	31.54	33.15	35.58	37.17	34.38	36.14	37.82
NII Growth	3.49%	4.62%	6.12%	4.35%	1.03%	-1.74%	-2.58%	17.88%	18.12%	-6.36%
Dividend Payout	30.23%	30.74%	31.01%	29.48%	35.33%	51.46%	32.39%	47.66%	54.71%	49.09%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Wealth Management And Investment Services	1.85B	2.13B	2.41B	2.87B	2.96B	2.87B	3.22B	4.18B	10.27B	12.19B
Wealth Management And Investment Services Growth	-	14.79%	13.31%	19.14%	3.00%	-2.81%	12.18%	29.60%	145.92%	18.70%
Consumer And Small Business Banking	7.11B	7.28B	-	-	8.65B	9.62B	8.58B	8.46B	9.99B	9.26B
Consumer And Small Business Banking Growth	-	2.32%	-	-	-	11.27%	-10.86%	-1.38%	18.12%	-7.30%
Payment Services	5.3B	5.7B	5.84B	6.05B	6.2B	5.65B	6.01B	6.3B	8.8B	9.2B
Payment Services Growth	-	7.56%	2.35%	3.60%	2.55%	-8.81%	6.26%	4.81%	39.75%	4.55%
Treasury and Corporate Support	-	-	-	-	1.44B	838M	1.08B	892M	1.12B	-1.03B
Treasury and Corporate Support Growth	-	-	-	-	-	-41.97%	29.24%	-17.64%	25.67%	-191.97%
Corporate and Other	3.12B	3.06B	2.93B	5.25B	3.74B	4.34B	3.94B	4.48B	-	-
Corporate and Other Growth	-	-1.70%	-4.38%	79.47%	-28.87%	16.02%	-9.27%	13.75%	-	-
Consumer and Business Banking	-	-	7.56B	8.47B	-	-	-	-	-	-
Consumer and Business Banking Growth	-	-	-	11.95%	-	-	-	-	-	-
Corporate and Commercial Banking	-	-	3.32B	-	-	-	-	-	-	-
Corporate and Commercial Banking Growth	-	-	-	-	-	-	-	-	-	-
Wholesale Banking And Commercial Real Estate	2.92B	3.14B	-	-	-	-	-	-	-	-
Wholesale Banking And Commercial Real Estate Growth	-	7.35%	-	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024

Frequently Asked Questions

Valuation & Price

U.S. Bancorp (USB) has a price-to-earnings (P/E) ratio of 14.2x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

U.S. Bancorp (USB) grew revenue by 5.1% over the past year. This is steady growth.

Yes, U.S. Bancorp (USB) is profitable, generating $7.19B in net income for fiscal year 2024 (14.7% net margin).

Dividend & Returns

Yes, U.S. Bancorp (USB) pays a dividend with a yield of 3.67%. This makes it attractive for income-focused investors.

U.S. Bancorp (USB) has a return on equity (ROE) of 11.0%. This is reasonable for most industries.

Industry Metrics

U.S. Bancorp (USB) has a net interest margin (NIM) of 2.4%. NIM has been under pressure due to interest rate environment.

U.S. Bancorp (USB) has an efficiency ratio of 40.2%. This is excellent, indicating strong cost control.

US Stock Screener

...

U.S. Bancorp (USB) 10-Year Financial Performance & Capital Metrics

USB • • Banking & Credit

Financial ServicesRegional BanksCommercial & Business BankingCommercial & Corporate Banking

Net Interest Income $16.29B -6.4%
Total Revenue $42.71B +5.1%
Net Income $6.3B +16.0%
Return on Equity 10.97% +8.1%
Net Interest Margin 2.4% -8.4%
Efficiency Ratio 40.24% -13.4%
ROA 0.94% +15.7%
Equity / Assets 8.7% +3.5%
Book Value per Share 37.82 +4.6%
Tangible BV/Share 26.24 +8.8%
Debt/Equity 1.25 +4.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient operations: 40.2% efficiency ratio
✓14 consecutive years of dividend growth
✓Healthy dividend yield of 3.7%
✓Trading near 52-week high
✓Trading at only 1.4x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y7.16%

5Y9.34%

3Y21.67%

TTM-

Profit (Net Income) CAGR

10Y0.74%

5Y-1.85%

3Y-7.52%

TTM31.1%

EPS CAGR

10Y2.1%

5Y-1.85%

3Y-9.42%

TTM33.33%

ROCE

10Y Avg7.36%

5Y Avg6.47%

3Y Avg5.85%

Latest5.64%

Peer Comparison

Commercial & Corporate Banking

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TCBITexas Capital Bancshares, Inc.	4.49B	98.37	76.85	-1.72%	4.4%	7.92%	9.27%	0.46
BANCBanc of California, Inc.	3.15B	20.87	40.13	24.65%	6.78%	6.01%	2.04%	0.67
DBDeutsche Bank AG	74.26B	38.87	28.37	11.78%	5.07%	7.18%		1.91
HTHHilltop Holdings Inc.	2.2B	35.83	20.59	2.5%	7.35%	7.2%	12.14%	0.61
SFBSServisFirst Bancshares, Inc.	4.28B	78.31	18.82	17.89%	23.26%	14.33%	5.8%	1.27
CMAComerica Incorporated	11.69B	91.51	18.23	-4.95%	13.98%	10.57%	3.83%	1.02
BOKFBOK Financial Corporation	8.08B	127.69	15.69	10.4%	15.57%	8.91%	15.59%	0.80
CNOBConnectOne Bancorp, Inc.	1.37B	27.26	15.49	6.06%	13.8%	3.98%	4.15%	0.63

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	11.15B	11.67B	12.38B	12.92B	13.05B	12.82B	12.49B	14.73B	17.4B	16.29B
NII Growth %	0.03%	0.05%	0.06%	0.04%	0.01%	-0.02%	-0.03%	0.18%	0.18%	-0.06%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	12.38B	13.13B	14.35B	16.17B	17.49B	14.84B	13.49B	17.95B	30.01B	31.67B
Interest Expense	1.23B	1.47B	1.97B	3.25B	4.44B	2.02B	993M	3.22B	12.61B	15.38B
Loan Loss Provision	1.13B	1.32B	1.39B	1.38B	1.5B	3.81B	-1.17B	1.98B	2.27B	2.24B
Non-Interest Income+	8.82B	9.29B	9.32B	9.6B	9.83B	10.4B	10.23B	9.46B	10.62B	11.05B
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	21.2B	22.42B	23.66B	25.77B	27.32B	25.24B	23.71B	27.4B	40.62B	42.71B
Revenue Growth %	-0.01%	0.06%	0.06%	0.09%	0.06%	-0.08%	-0.06%	0.16%	0.48%	0.05%
Non-Interest Expense	10.81B	11.53B	12.79B	12.46B	12.79B	13.37B	13.73B	14.91B	18.87B	17.19B
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	8.03B	8.11B	7.52B	8.68B	8.59B	6.05B	10.17B	7.3B	6.87B	7.91B
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0%	0.01%	-0.07%	0.15%	-0.01%	-0.3%	0.68%	-0.28%	-0.06%	0.15%
Pretax Income+	8.03B	8.11B	7.52B	8.68B	8.59B	6.05B	10.17B	7.3B	6.87B	7.91B
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	2.1B	2.16B	1.26B	1.55B	1.65B	1.07B	2.18B	1.46B	1.41B	1.58B
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	5.88B	5.89B	6.22B	7.1B	6.91B	4.96B	7.96B	5.83B	5.43B	6.3B
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0%	0%	0.06%	0.14%	-0.03%	-0.28%	0.61%	-0.27%	-0.07%	0.16%
Net Income (Continuing)	5.93B	5.94B	6.25B	7.12B	6.95B	4.99B	7.99B	5.84B	5.46B	6.33B
EPS (Diluted)+	3.16	3.24	3.51	4.14	4.16	3.06	5.10	3.69	3.27	3.79
EPS Growth %	0.03%	0.03%	0.08%	0.18%	0%	-0.26%	0.67%	-0.28%	-0.11%	0.16%
EPS (Basic)	3.18	3.25	3.53	4.15	4.16	3.06	5.11	3.69	3.27	3.79
Diluted Shares Outstanding	1.77B	1.72B	1.68B	1.64B	1.58B	1.51B	1.49B	1.49B	1.54B	1.56B

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	11.15B	15.71B	19.5B	21.45B	22.41B	62.58B	28.91B	53.54B	61.19B	56.5B
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	354.22B	370.97B	378.28B	380.86B	405.82B	421.89B	475.98B	534.19B	513.73B	530.86B
Investments Growth %	0.05%	0.05%	0.02%	0.01%	0.07%	0.04%	0.13%	0.12%	-0.04%	0.03%
Long-Term Investments	293.24B	305.44B	310.83B	316.8B	283.48B	285.45B	343.57B	462.14B	444.36B	444.49B
Accounts Receivables	0	0	0	0	0	0	0	0	0	0
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	9.36B	9.34B	9.43B	9.37B	9.65B	9.92B	10.26B	12.37B	12.49B	12.54B
Intangible Assets	3.35B	3.3B	3.23B	3.39B	3.22B	2.86B	3.74B	7.16B	6.08B	5.55B
PP&E (Net)	2.51B	2.44B	2.43B	2.46B	3.7B	3.47B	3.31B	3.86B	3.62B	3.56B
Other Assets	30.74B	32.43B	35.57B	35.7B	36.44B	39.48B	38.73B	53.61B	58.03B	61.04B
Total Current Assets	82.64B	93.01B	100.54B	99.65B	158.93B	212.72B	173.68B	135.68B	138.9B	151.14B
Total Non-Current Assets	339.21B	352.96B	361.5B	367.72B	336.49B	341.18B	399.61B	539.13B	524.59B	527.18B
Total Assets+	421.85B	445.96B	462.04B	467.37B	495.43B	553.9B	573.28B	674.8B	663.49B	678.32B
Asset Growth %	0.05%	0.06%	0.04%	0.01%	0.06%	0.12%	0.03%	0.18%	-0.02%	0.02%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.02%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Accounts Payable	0	0	0	0	0	0	0	0	0	0
Total Debt+	60.91B	47.29B	48.91B	55.48B	63.89B	53.06B	43.92B	71.05B	66.76B	73.52B
Net Debt	49.77B	31.58B	29.41B	34.03B	41.48B	-9.52B	15.02B	17.5B	5.57B	17.02B
Long-Term Debt	32.08B	33.32B	32.26B	41.34B	40.17B	41.3B	32.13B	39.83B	51.48B	58B
Short-Term Debt	27.88B	13.96B	16.65B	14.14B	23.72B	11.77B	11.8B	31.22B	15.28B	15.52B
Other Liabilities	13.72B	16.16B	16.25B	14.76B	17.14B	17.35B	17.89B	27.55B	28.65B	27.45B
Total Current Liabilities	328.28B	348.55B	363.87B	359.61B	385.64B	441.54B	467.88B	556.19B	527.59B	533.83B
Total Non-Current Liabilities	46.76B	49.48B	48.51B	56.1B	57.3B	58.64B	50.02B	67.38B	80.13B	85.45B
Total Liabilities	375.04B	398.03B	412.37B	415.72B	442.94B	500.18B	517.9B	623.57B	607.72B	619.28B
Total Equity+	46.82B	47.93B	49.67B	51.66B	52.48B	53.73B	55.39B	51.23B	55.77B	59.04B
Equity Growth %	0.06%	0.02%	0.04%	0.04%	0.02%	0.02%	0.03%	-0.08%	0.09%	0.06%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.13%	0.12%	0.13%	0.14%	0.13%	0.09%	0.15%	0.11%	0.1%	0.11%
Book Value per Share	26.42	27.80	29.51	31.54	33.15	35.58	37.17	34.38	36.14	37.82
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	21M	21M	21M	21M	21M	21M	21M	21M	21M	21M
Additional Paid-in Capital	8.38B	8.44B	8.46B	8.47B	8.47B	8.51B	8.54B	8.71B	8.67B	8.71B
Retained Earnings	46.38B	50.15B	54.14B	59.06B	63.19B	64.19B	69.2B	71.9B	74.03B	76.86B
Accumulated OCI	-1.02B	-1.53B	-1.4B	-2.32B	-1.37B	322M	-1.94B	-11.41B	-10.1B	-9.76B
Treasury Stock	-13.13B	-15.28B	-17.6B	-20.19B	-24.44B	-25.93B	-27.27B	-25.27B	-24.13B	-24.07B
Preferred Stock	5.5B	5.5B	5.42B	5.98B	5.98B	5.98B	6.37B	6.81B	6.81B	6.81B

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	8.78B	5.34B	6.47B	10.56B	4.89B	3.72B	9.87B	21.12B	8.45B	11.27B
Operating CF Growth %	0.65%	-0.39%	0.21%	0.63%	-0.54%	-0.24%	1.66%	1.14%	-0.6%	0.33%
Net Income	5.88B	5.89B	6.22B	7.1B	6.91B	4.96B	7.96B	5.83B	5.43B	6.3B
Depreciation & Amortization	481M	470M	468M	467M	502M	527M	497M	560M	1.02B	939M
Deferred Taxes	0	0	0	0	0	0	0	0	0	0
Other Non-Cash Items	2.42B	-1.02B	-214M	3B	-2.53B	-1.77B	1.41B	14.73B	2B	1.96B
Working Capital Changes	0	0	0	0	0	0	0	0	0	2.08B
Cash from Investing+	-21.15B	-17.96B	-12.13B	-8.98B	-21.56B	-15.44B	-57.49B	7.5B	18.93B	-24.53B
Purchase of Investments	-29.74B	-38.85B	-27.57B	-19.87B	-40.52B	-68.66B	-100.13B	-31.68B	-9.27B	-36.13B
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	0	0	0	0	-556M	-661M	12.26B	-330M	-103M
Other Investing	-16.07B	-13.34B	-8.99B	-8.54B	-12.89B	-2.46B	-15.06B	-30.15B	4.84B	-13.59B
Cash from Financing+	12.86B	17.18B	9.45B	361M	17.62B	51.9B	13.94B	-3.98B	-19.72B	8.57B
Dividends Paid	-2.02B	-2.08B	-2.21B	-2.37B	-2.75B	-2.85B	-2.89B	-3.08B	-3.31B	-3.45B
Share Repurchases	-2.19B	-2.56B	-3.72B	-2.82B	-4.53B	-1.67B	-2.81B	-1.17B	-62M	-173M
Stock Issued	295M	355M	1.15B	86M	88M	15M	2.26B	458M	951M	32M
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	-1000K	-1000K	1000K	1000K	1000K	-1000K	-1000K	1000K	-1000K	1000K
Other Financing	18.29B	34.15B	12.69B	-1.74B	16.53B	67.85B	26.15B	-17.21B	-12.29B	5.95B
Net Change in Cash+	493M	4.56B	3.8B	1.95B	952M	40.17B	-33.67B	24.64B	7.65B	-4.69B
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	10.65B	11.15B	15.71B	19.5B	21.45B	22.41B	62.58B	28.91B	53.54B	61.19B
Cash at End	11.15B	15.71B	19.5B	21.45B	22.41B	62.58B	28.91B	53.54B	61.19B	56.5B
Interest Paid	1.43B	1.59B	2.09B	3.06B	4.4B	2.2B	1.06B	2.72B	12.28B	15.38B
Income Taxes Paid	742M	595M	555M	365M	941M	1.02B	535M	767M	645M	499M
Free Cash Flow+	8.78B	5.34B	6.47B	10.56B	4.89B	3.72B	9.87B	21.12B	8.45B	11.27B
FCF Growth %	0.65%	-0.39%	0.21%	0.63%	-0.54%	-0.24%	1.66%	1.14%	-0.6%	0.33%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	12.92%	12.43%	12.74%	14.01%	13.28%	9.34%	14.6%	10.93%	10.15%	10.97%
Return on Assets (ROA)	1.43%	1.36%	1.37%	1.53%	1.44%	0.95%	1.41%	0.93%	0.81%	0.94%
Net Interest Margin	2.64%	2.62%	2.68%	2.76%	2.63%	2.32%	2.18%	2.18%	2.62%	2.4%
Efficiency Ratio	50.99%	51.4%	54.05%	48.36%	46.79%	52.97%	57.89%	54.4%	46.46%	40.24%
Equity / Assets	11.1%	10.75%	10.75%	11.05%	10.59%	9.7%	9.66%	7.59%	8.41%	8.7%
Book Value / Share	26.42	27.8	29.51	31.54	33.15	35.58	37.17	34.38	36.14	37.82
NII Growth	3.49%	4.62%	6.12%	4.35%	1.03%	-1.74%	-2.58%	17.88%	18.12%	-6.36%
Dividend Payout	30.23%	30.74%	31.01%	29.48%	35.33%	51.46%	32.39%	47.66%	54.71%	49.09%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Wealth Management And Investment Services	1.85B	2.13B	2.41B	2.87B	2.96B	2.87B	3.22B	4.18B	10.27B	12.19B
Wealth Management And Investment Services Growth	-	14.79%	13.31%	19.14%	3.00%	-2.81%	12.18%	29.60%	145.92%	18.70%
Consumer And Small Business Banking	7.11B	7.28B	-	-	8.65B	9.62B	8.58B	8.46B	9.99B	9.26B
Consumer And Small Business Banking Growth	-	2.32%	-	-	-	11.27%	-10.86%	-1.38%	18.12%	-7.30%
Payment Services	5.3B	5.7B	5.84B	6.05B	6.2B	5.65B	6.01B	6.3B	8.8B	9.2B
Payment Services Growth	-	7.56%	2.35%	3.60%	2.55%	-8.81%	6.26%	4.81%	39.75%	4.55%
Treasury and Corporate Support	-	-	-	-	1.44B	838M	1.08B	892M	1.12B	-1.03B
Treasury and Corporate Support Growth	-	-	-	-	-	-41.97%	29.24%	-17.64%	25.67%	-191.97%
Corporate and Other	3.12B	3.06B	2.93B	5.25B	3.74B	4.34B	3.94B	4.48B	-	-
Corporate and Other Growth	-	-1.70%	-4.38%	79.47%	-28.87%	16.02%	-9.27%	13.75%	-	-
Consumer and Business Banking	-	-	7.56B	8.47B	-	-	-	-	-	-
Consumer and Business Banking Growth	-	-	-	11.95%	-	-	-	-	-	-
Corporate and Commercial Banking	-	-	3.32B	-	-	-	-	-	-	-
Corporate and Commercial Banking Growth	-	-	-	-	-	-	-	-	-	-
Wholesale Banking And Commercial Real Estate	2.92B	3.14B	-	-	-	-	-	-	-	-
Wholesale Banking And Commercial Real Estate Growth	-	7.35%	-	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024

Frequently Asked Questions

Valuation & Price

U.S. Bancorp (USB) has a price-to-earnings (P/E) ratio of 14.2x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

U.S. Bancorp (USB) grew revenue by 5.1% over the past year. This is steady growth.

Yes, U.S. Bancorp (USB) is profitable, generating $7.19B in net income for fiscal year 2024 (14.7% net margin).

Dividend & Returns

Yes, U.S. Bancorp (USB) pays a dividend with a yield of 3.67%. This makes it attractive for income-focused investors.

U.S. Bancorp (USB) has a return on equity (ROE) of 11.0%. This is reasonable for most industries.

Industry Metrics

U.S. Bancorp (USB) has a net interest margin (NIM) of 2.4%. NIM has been under pressure due to interest rate environment.

U.S. Bancorp (USB) has an efficiency ratio of 40.2%. This is excellent, indicating strong cost control.