US Bancorp (USB) lists Troy William Remington, EVP and Interim CRO, with 30,754 shares of common stock held directly as of October 28, 2026. The reported amount includes 28,185 unvested restricted stock units.
U.S. Bancorp (USB) closed the sale of 1,000,000 depositary shares on October 30, 2026; each represents ownership of 1/25th of a share of its Series P Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock. The preferred stock has a $25,000 liquidation preference per share and a par value of $1.00 per share.
On October 29, 2026, U.S. Bancorp filed a Certificate of Designations establishing the preferred stock’s designations, preferences, limitations and relative rights. The sale was registered under a Form S-3 registration statement that became automatically effective upon filing on March 9, 2026.
U.S. Bancorp (USB) said Jodi L. Richard resigned effective immediately on October 23, 2026, from her positions as Vice Chair and Chief Risk Officer to take a position at another publicly traded company. The company said her resignation was not due to a disagreement concerning its operations, policies or practices. Executive Vice President and Chief Credit Officer Troy W. Remington will serve as interim Chief Risk Officer while U.S. Bancorp undertakes a process to select and appoint a successor.
U.S. Bancorp reported third-quarter 2026 net revenue of $7,970 million, up 8.7% from the third quarter of 2025, and net income attributable to U.S. Bancorp of $2,202 million, up 10.0%. Diluted earnings per common share were $1.34, compared with $1.22 a year earlier. Net interest income was $4,468 million, up 5.8%; noninterest income rose 13.1% to $3,480 million, while noninterest expense increased 7.1% to $4,493 million. The provision for credit losses was $654 million, up 14.5%.
Average loans increased 8.0% year over year to $409,548 million and average deposits rose 2.9% to $526,602 million. Net interest margin was 2.84%, compared with 2.75%; the net charge-off ratio was 0.51%, compared with 0.56%. The preliminary common equity tier 1 capital ratio was 10.8% at September 30, 2026.
U.S. Bank completed a live pilot cross-border payment using its USBDC dollar-backed stablecoin between bank entities in North America and Europe on the Stellar blockchain. It also launched Business Essentials and Business Essentials Plus small-business credit cards, with cash-back rewards and expense-management tools.
US BANCORP DE (USB) director and President & CEO Gunjan Kedia reported an option exercise and same‑day sale on August 28, 2026. She exercised 27,267 options at an exercise price of $55.01 per share to acquire an equal number of common shares, then sold 27,267 common shares at a weighted average price of $62.371 per share, with actual sale prices ranging from $62.37 to $62.381. The exercised option award, which vested in four equal annual installments beginning February 16, 2018, now shows 0 options remaining in that grant.
US BANCORP DE (USB) received a notice under Rule 144 for a proposed sale of common stock held for the account of Gunjan Kedia. The notice covers up to 27,267 shares of common stock, with an aggregate market value of $1,700,677.55, to be sold through Fidelity Brokerage Services LLC on or after August 28, 2026 on the NYSE. The shares are indicated as being acquired through a stock option exercise, and there are no Rule 144 sales reported for the past three months.
US Bancorp (USB), as an institutional investment manager, filed a quarterly Form 13F holdings report. The filing covers 8,256 reportable positions with an aggregate reported fair value of $91,580,792,831, as reflected in the Form 13F Information Table.
The report lists 3 other included managers: US Bank National Association, U.S. Bancorp Asset Management Inc, and U.S. Bancorp Advisors, LLC. The report is signed by Vice President Shari Musselman, who is authorized to submit it on behalf of the reporting manager.
U.S. Bancorp delivered stronger results for the quarter ended June 30, 2026, with net income attributable to the company of $2.2 billion and diluted EPS of $1.35, up 21.6 percent from $1.11 a year earlier. Total net revenue grew 10.1 percent to $7.7 billion, driven by 7.7 percent higher net interest income from loan growth and mix improvements and 13.7 percent higher noninterest income as fee revenue increased across most categories.
Credit metrics remained solid. Net charge-offs were 0.53 percent of average loans, down from 0.59 percent, while nonperforming assets fell 15.3 percent to $1.3 billion. The allowance for credit losses was $8.0 billion, or 1.94 percent of loans, and the common equity tier 1 capital ratio was 10.8 percent, above well-capitalized levels.
Period-end loans rose 4.8 percent to $410.3 billion and deposits increased 1.9 percent to $532.1 billion. U.S. Bancorp closed the acquisition of BTIG on June 1, 2026 for $395 million in cash plus 6.6 million shares, with potential additional cash of up to $275 million, boosting capital markets fee revenue and expanding institutional capabilities.
US Bancorp Senior EVP and General Counsel James L. Chosy exercised 24711 employee stock options at $55.0100 per share on July 23, 2026, receiving the same number of common shares. He then sold 22968 shares of common stock at $63.2800 per share.