USB at a glance
U.S. Bancorp (USB, SEC CIK 36104) filed its latest 10-K annual report on February 23, 2026, a 10-Q quarterly report on August 6, 2026, an 8-K current report on July 16, 2026 and Form 4 insider filings as recently as August 31, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), U.S. Bancorp (USB) reported revenue of $28.7 billion (up 4.4% from FY2024) and net income of $7.6 billion. Diluted EPS was $4.62.
- As of June 30, 2026, 58 institutional investment managers tracked by SignalX reported holding U.S. Bancorp (USB) shares worth $38.8 billion in 13F-HR filings.
- The most recent insider open-market sale reported on Form 4 was by Kedia Gunjan on August 28, 2026 of 27,267 shares at $62.37 per share.
- In the last 90 days, USB insiders reported 0 open-market purchases ($0) and 3 open-market sales ($5.5M) on Form 4, a net sale of $5.5M.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $28.7B
- +4.4% vs prior year
- Insiders · 90 days
- 0 buys · 3 sells
- Net −$5.5M
- 13F holders
- 58 funds
- $38.8B · +2 vs prior quarter
- Latest 8-K
- Jul 16, 2026
- Item 7.01 · Item 2.02
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Risk Factors
- Cybersecurity key-person gap: permanent CISO departed November 2025; two deputy CISOs serving as interim co-CISOs while search continues
- Third-party cybersecurity exposure: reliance on outsourced service providers with contractual assurances as primary risk mitigation, no quantified concentration disclosed
- Share repurchase program authorized at $5.0B (Sept 2024); ~$4.4B remaining as of Q4 2025, subject to regulatory capital compliance constraints
Management Discussion & Analysis
- Revenue $28.7B total net revenue in 2025, up $1.2B (4.4%) YoY; net interest income $16.6B (+2.2%), noninterest income $11.9B (+7.6%)
- Efficiency ratio 58.6% vs 62.3% in 2024; ROA 1.12% vs 0.95%; ROE 13.0% vs 11.7%; net income $7.6B vs $6.3B
- Noninterest expense $16.8B, down $351M (2.0%) YoY; technology costs up 6.6% to $2.2B; compensation down 2.2% to $10.3B
- Capital returned $3.7B via dividends and buybacks; CET1 ratio 10.8% vs 10.6%; long-term debt up $2.8B to $60.8B
- Jan 2026 announced BTIG acquisition for up to $1B; monitoring economic uncertainty from trade policy, inflation, and geopolitical risks
Business Overview
- Diversified U.S. financial holding company offering banking, lending, payments, wealth management, and capital markets via 2,075 branches across 26 states
- Pending acquisition of BTIG for up to $1B ($725M targeted at closing + up to $275M performance-contingent over 3 years), expanding institutional trading and investment banking capabilities
- GENIUS Act signed July 2025 establishing stablecoin regulatory framework; permits USBNA subsidiaries to issue payment stablecoins: new digital asset pathway for the bank
- Stress Capital Buffer reduced to 2.6% at Dec 31, 2025 from 3.1% at Dec 31, 2024; total deposits at USBNA $522.2B; workforce 68,520 employees globally
- CFPB reduced staff by over 80% in 2025, materially shifting consumer protection regulatory landscape for USBNA's retail banking operations
AI summary of the USB 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Risk Factors
- No material changes disclosed; risks carried forward from the December 31, 2025 Form 10-K
- No newly added risk factor identified for the quarter
- Regulatory and compliance risks remain governed by the prior 10-K disclosure
- No quarter-specific operational, competitive, market, liquidity, debt, currency, or concentration risk update provided
AI summary of the USB 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 7.01: Regulation FD Disclosure
- July 16, 2026 investor call and webcast covering quarter ended June 30, 2026
- Exhibit 99.3 provides historical and forward-looking information for investor review
Item 2.02: Results of Operations and Financial Condition
- U.S. Bancorp reported 2Q26 financial results for quarter ended June 30, 2026
- Exhibit 99.1 contains the filed earnings release and forward-looking statement disclosures
Item 8.01: Other Events
- Planned quarterly common dividend increase from $0.52 to $0.54 per share
- Increase targeted for third quarter 2026, subject to Board approval
Item EX-99.1: Item EX-99.1
- Stress capital buffer remains 2.6% through October 1, 2027, requiring minimum CET1 ratio of 7.1%
- CET1 ratio 10.8% as of March 31, 2026, exceeding regulatory well-capitalized requirements
Item 5.07: Submission of Matters to a Vote of Security Holders
- Shareholders elected all 12 director nominees for one-year terms through the 2027 annual meeting
- Roland A. Hernandez received the weakest support, with 123,851,769 votes against
AI summaries of USB 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for USB
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Kedia Gunjan | M | Aug 28, 2026 | 27,267 | $55.01 |
| Kedia Gunjan | M | Aug 28, 2026 | 27,267 | - |
| Kedia Gunjan | Sell | Aug 28, 2026 | 27,267 | $62.37 |
| CHOSY JAMES L | Sell | Jul 23, 2026 | 22,968 | $63.28 |
| CHOSY JAMES L | M | Jul 23, 2026 | 24,711 | $55.01 |
| CHOSY JAMES L | M | Jul 23, 2026 | 24,711 | - |
| CHOSY JAMES L | G | Jul 21, 2026 | 3,969 | - |
| Philipson Stephen L | Sell | Jul 20, 2026 | 36,906 | $63.08 |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|
| Profitability | ||||
| Revenue | $28.1B | $27.5B | $28.7B | |
| Net Income | $5.4B | $6.3B | $7.6B | |
| Net Margin | 19.3% | 22.9% | 26.4% | |
| Balance Sheet | ||||
| Total Assets | $663.5B | $678.3B | $692.3B | |
| Equity | $55.3B | $58.6B | $65.2B | |
| ROE | 9.8% | 10.8% | 11.6% | |
| Per Share | ||||
| EPS | $3.27 | $3.79 | $4.62 | |
| Cash Flow | ||||
| Operating CF | $8.4B | $11.3B | $8.0B | |
Source: XBRL data in U.S. Bancorp (USB)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate USB share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 58 | $38.78B |
| Q1 2026 | 56 | $33.46B |
| Q4 2025 | 53 | $34.03B |
| Q3 2025 | 55 | $33.36B |
| Q2 2025 | 55 | $30.03B |
| Q1 2025 | 54 | $21.54B |
| Q4 2024 | 47 | $19.59B |
| Q3 2024 | 43 | $9.18B |
- State Street Corp+3.73M (+5%)
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- Millennium Management+1.42M (+14978%)
- Goldman Sachs Group+1.34M (+10%)
- Morgan Stanley+1.25M (+4%)
- FMR LLC (Fidelity)−5.89M (-10%)
- Citadel Advisors LLC−2.50M (-38%)
- JPMorgan Chase & Co−2.00M (-3%)
- BlackRock−1.23M (-1%)
- Prudential Financial−1.15M (-58%)
Source: 13F-HR filings on SEC EDGAR (aggregated from 421 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
USB filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Aug 31, 2026 | - | - | - |
| 13F-HR | Aug 12, 2026 | Jun 30, 2026 | - | |
| 10-Q | Aug 6, 2026 | Jun 30, 2026 | Analysis | |
| 4 | Jul 24, 2026 | - | - | - |
| 4 | Jul 22, 2026 | - | - | - |
| 4 | Jul 22, 2026 | - | - | - |
| 8-K | Jul 16, 2026 | - | Analysis | - |
| 8-K | Jun 24, 2026 | - | Analysis | - |
| 13F-HR | May 15, 2026 | Mar 31, 2026 | - | |
| 4 | May 6, 2026 | - | - | |
| 10-Q | May 4, 2026 | Mar 31, 2026 | Analysis | |
| SC 13G | Apr 30, 2026 | - | - | |
| 4 | Apr 27, 2026 | - | - | - |
| 4 | Apr 27, 2026 | - | - | - |
| 4 | Apr 27, 2026 | - | - | - |
| 4 | Apr 27, 2026 | - | - | - |
| 4 | Apr 27, 2026 | - | - | - |
| 4 | Apr 27, 2026 | - | - | - |
| 4 | Apr 27, 2026 | - | - | - |
| 4 | Apr 27, 2026 | - | - | - |
| 4 | Apr 27, 2026 | - | - | - |
| 4 | Apr 27, 2026 | - | - | - |
| 4 | Apr 27, 2026 | - | - | - |
| 8-K | Apr 23, 2026 | - | Analysis | - |
| 4 | Apr 22, 2026 | - | - | - |
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USB SEC filings: frequently asked questions
Are USB insiders buying or selling?
In the last 90 days, U.S. Bancorp (USB) officers, directors and 10% owners reported no open-market purchases and 3 open-market sales worth $5.5 million by 3 insiders on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold USB stock?
As of June 30, 2026, the largest U.S. Bancorp (USB) holders among the 13F filers tracked by SignalX were BlackRock ($7.7 billion), Vanguard Capital Management LLC ($6.1 billion), State Street Corp ($4.5 billion), JPMorgan Chase & Co ($3.7 billion), FMR LLC (Fidelity) ($3.1 billion). 13F-HR reports are filed up to 45 days after each quarter ends.
What was USB's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), U.S. Bancorp (USB) reported revenue of $28.7 billion (up 4.4% from FY2024) and net income of $7.6 billion. Diluted EPS was $4.62. The figures come from the XBRL data in the 10-K.
What are the main risks in USB's latest 10-K?
In the 10-K filed February 23, 2026, U.S. Bancorp (USB) flagged: Cybersecurity key-person gap: permanent CISO departed November 2025; two deputy CISOs serving as interim co-CISOs while search continues. Third-party cybersecurity exposure: reliance on outsourced service providers with contractual assurances as primary risk mitigation, no quantified concentration disclosed. (AI summary of the Risk Factors section.)
What did USB report in its latest 8-K?
U.S. Bancorp (USB) filed an 8-K on July 16, 2026 reporting Item 7.01 (Regulation FD Disclosure) and Item 2.02 (Results of Operations and Financial Condition). July 16, 2026 investor call and webcast covering quarter ended June 30, 2026.
What are the latest USB SEC filings?
U.S. Bancorp (USB) filed its latest 10-K annual report on February 23, 2026, a 10-Q quarterly report on August 6, 2026, an 8-K current report on July 16, 2026 and a Form 4 insider filing on August 31, 2026.
What is USB's SEC CIK number?
U.S. Bancorp (USB)'s SEC Central Index Key (CIK) is 36104. EDGAR lists every USB filing under that number.
Ask anything about USB
The research agent reads USB's filings, financials, insider trades and 13F holders, then answers with sources.