Recent Updates — USB

On October 23, 2026, Jodi L. Richard resigned from her positions as Vice Chair and Chief Risk Officer at U.S. Bancorp to take a role at another publicly traded company. Her departure was not due to any disagreement with the company regarding its operations or policies. Troy W. Remington, currently Executive Vice President and Chief Credit Officer, will serve as interim Chief Risk Officer while the firm searches for a permanent successor. The bank operates in the financial services industry, providing commercial banking, wealth management, and payment processing.

U.S. Bancorp reported third-quarter 2026 results with net income attributable to common shareholders of $2.095 billion, or $1.34 per diluted share, compared to $1.893 billion, or $1.22 per share, in the prior-year period. Total revenue increased 8.7% year-over-year to $7.97 billion, driven by a 14.9% rise in fee income and a 5.6% increase in net interest income on a taxable-equivalent basis. The efficiency ratio improved to 55.9%, while the common equity tier 1 capital ratio remained stable at 10.8%. U.S. Bancorp operates as a diversified financial services holding company providing banking, investment, and wealth management products.

U.S. Bancorp reported second-quarter 2026 financial results, highlighted by record net revenue of $7,712 million, a 10.1% increase year-over-year. Net income attributable to the company rose 19.9% to $2,177 million, with diluted earnings per share increasing 21.6% to $1.35. The results include the impact of the completed acquisition of BTIG, which contributed approximately $98 million in fee revenue and $84 million in noninterest expense during June. Net interest margin on a taxable-equivalent basis was 2.79%, up 13 basis points from 2.66% in the prior year quarter. The company's CET1 capital ratio remained stable at 10.8%. U.S. Bancorp is a financial services company providing banking, investment, and capital markets services.

U.S. Bancorp announced that its Stress Capital Buffer requirement will remain unchanged at 2.6% until October 1, 2027. The company also announced plans to increase its quarterly common stock dividend from $0.52 to $0.54 per share, effective in the third quarter of 2026. U.S. Bancorp is a financial services company providing banking and investment services.