U.S. Bancorp (USB) Financials

$38.62 +0.42 (+1.10%)

Closing price 03:59 PM Eastern

Extended Trading

$38.71 +0.09 (+0.23%)

As of 07:59 PM Eastern

Annual Income Statements for U.S. Bancorp

This table shows U.S. Bancorp's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	5,879	5,888	6,218	7,096	6,914	4,959	7,963	5,825	5,429	6,299
Consolidated Net Income / (Loss)	5,933	5,944	6,253	7,124	6,946	4,985	7,985	5,838	5,458	6,329
Net Income / (Loss) Continuing Operations	5,933	5,944	6,253	7,124	6,946	4,985	7,985	5,838	5,458	6,329
Total Pre-Tax Income	8,030	8,105	7,517	8,678	8,594	6,051	10,166	7,301	6,865	7,909
Total Revenue	20,093	20,956	21,697	22,521	22,883	23,226	22,721	24,184	28,013	27,335
Net Interest Income / (Expense)	11,001	11,666	12,380	12,919	13,052	12,825	12,494	14,728	17,396	16,289
Total Interest Income	12,402	13,134	14,346	16,173	17,494	14,840	13,487	17,945	30,007	31,666
Loans and Leases Interest Income	10,265	10,931	11,932	13,285	14,261	12,234	10,979	13,804	22,471	23,182
Investment Securities Interest Income	2,001	2,078	2,232	2,616	2,893	2,428	2,365	3,378	4,485	5,111
Other Interest Income	136	125	182	272	340	178	143	763	3,051	3,373
Total Interest Expense	1,401	1,468	1,966	3,254	4,442	2,015	993	3,217	12,611	15,377
Deposits Interest Expense	457	622	1,041	1,869	2,855	950	320	1,872	8,775	11,688
Short-Term Borrowings Interest Expense	245	92	141	378	360	141	70	565	1,971	1,107
Long-Term Debt Interest Expense	699	754	784	1,007	1,227	924	603	780	1,865	2,582
Total Non-Interest Income	9,092	9,290	9,317	9,602	9,831	10,401	10,227	9,456	10,617	11,046
Trust Fees by Commissions	1,321	1,427	1,522	1,619	1,673	1,736	1,832	2,209	2,459	2,660
Other Service Charges	6,011	5,623	5,174	5,344	5,578	6,848	6,615	5,424	6,172	6,244
Net Realized & Unrealized Capital Gains on Investments	1.00	22	57	30	73	177	103	20	-145	-154
Other Non-Interest Income	1,575	1,512	1,529	1,539	1,598	1,640	1,677	1,803	2,131	2,296
Provision for Credit Losses	1,132	1,324	1,390	1,379	1,504	3,806	-1,173	1,977	2,275	2,238
Total Non-Interest Expense	10,931	11,527	12,790	12,464	12,785	13,369	13,728	14,906	18,873	17,188
Salaries and Employee Benefits	5,979	5,212	5,746	6,162	6,325	7,938	8,728	9,157	10,416	10,554
Net Occupancy & Equipment Expense	1,878	1,865	1,922	2,041	2,218	2,674	2,776	2,822	3,315	3,320
Marketing Expense	361	435	542	429	426	318	366	456	726	619
Other Operating Expenses	2,539	3,836	4,405	3,671	3,648	2,263	1,699	1,927	2,771	1,971
Amortization Expense	174	179	175	161	168	176	159	215	636	569
Restructuring Charge	-	-	-	-	-	0.00	0.00	329	1,009	155
Income Tax Expense	2,097	2,161	1,264	1,554	1,648	1,066	2,181	1,463	1,407	1,580
Net Income / (Loss) Attributable to Noncontrolling Interest	54	56	35	28	32	26	22	13	29	30
Basic Earnings per Share	$3.18	$3.25	$3.53	$4.15	$4.16	$3.06	$5.11	$3.69	$3.27	$3.79
Weighted Average Basic Shares Outstanding	1.76B	1.72B	1.68B	1.63B	1.58B	1.51B	1.49B	1.49B	1.54B	1.56B
Diluted Earnings per Share	$3.16	$3.24	$3.51	$4.14	$4.16	$3.06	$5.10	$3.69	$3.27	$3.79
Weighted Average Diluted Shares Outstanding	1.77B	1.72B	1.68B	1.64B	1.58B	1.51B	1.49B	1.49B	1.54B	1.56B
Weighted Average Basic & Diluted Shares Outstanding	1.85B	1.81B	1.76B	1.71B	1.52B	1.50B	1.48B	1.53B	1.56B	1.56B
Cash Dividends to Common per Share	$1.01	$1.07	$1.16	$1.34	$1.58	$1.68	$1.76	$1.88	$1.93	$1.98

This table shows U.S. Bancorp's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q4 2023	Q1 2024	Q2 2024	Q4 2024
Weighted Average Basic Shares Outstanding	1.49B	1.49B	1.53B	1.53B	1.54B	1.56B	1.56B	1.56B
Weighted Average Diluted Shares Outstanding	1.49B	1.49B	1.53B	1.53B	1.54B	1.56B	1.56B	1.56B
Weighted Average Basic & Diluted Shares Outstanding	1.49B	1.53B	1.53B	1.53B	1.56B	1.56B	1.56B	1.56B

This table details how cash moves in and out of U.S. Bancorp's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	493	4,558	3,800	1,948	952	40,175	-33,675	24,637	7,650	-4,690
Net Cash From Operating Activities	8,782	5,336	6,472	10,564	4,889	3,716	9,870	21,119	8,447	11,273
Net Cash From Continuing Operating Activities	8,782	5,336	6,472	10,564	4,889	3,716	9,870	21,119	8,447	11,273
Net Income / (Loss) Continuing Operations	5,879	5,888	6,218	7,096	6,914	4,959	7,963	5,825	5,429	6,299
Consolidated Net Income / (Loss)	5,879	5,888	6,218	7,096	6,914	4,959	7,963	5,825	5,429	6,299
Provision For Loan Losses	1,132	1,324	1,390	-	1,504	3,806	-1,173	1,977	2,275	2,238
Depreciation Expense	307	291	293	306	334	351	338	345	382	370
Amortization Expense	174	179	175	161	168	176	159	215	636	569
Non-Cash Adjustments to Reconcile Net Income	1,290	-2,346	-1,604	1,991	-4,031	-5,576	2,583	12,757	-275	1,797
Net Cash From Investing Activities	-21,150	-17,958	-12,126	-8,977	-21,560	-15,440	-57,487	7,500	18,925	-24,534
Net Cash From Continuing Investing Activities	-21,150	-17,958	-12,180	-8,977	-21,560	-15,440	-57,487	7,500	18,925	-24,534
Purchase of Investment Securities	-47,525	-54,797	-31,016	-23,746	-45,615	-80,364	-103,935	-39,188	-11,564	-39,231
Sale and/or Maturity of Investments	26,375	36,839	26,890	24,292	33,926	58,574	63,907	74,006	26,660	21,975
Other Investing Activities, net	-	-	-8,054	-9,523	-9,871	6,350	-17,459	-27,318	3,829	-7,278
Net Cash From Financing Activities	12,861	17,180	9,454	361	17,623	51,899	13,942	-3,982	-19,722	8,571
Net Cash From Continuing Financing Activities	12,861	17,180	9,454	361	17,623	51,899	13,942	-3,982	-19,722	8,571
Net Change in Deposits	18,290	34,192	12,625	-1,740	16,441	67,854	26,313	-17,215	-12,291	6,001
Issuance of Debt	3,051	10,715	12,122	12,078	19,483	14,501	2,626	8,732	15,583	12,017
Issuance of Preferred Equity	745	0.00	993	565	0.00	486	2,221	437	0.00	0.00
Issuance of Common Equity	295	355	159	86	88	15	43	21	951	32
Repayment of Debt	-5,311	-23,409	-10,517	-5,440	-11,119	-26,433	-11,402	8,287	-20,592	-5,803
Repurchase of Preferred Equity	0.00	0.00	-1,085	-	0.00	0.00	-1,250	-1,100	0.00	0.00
Repurchase of Common Equity	-2,190	-2,556	-2,631	-2,822	-4,525	-1,672	-1,555	-69	-62	-173
Payment of Dividends	-2,019	-2,077	-2,212	-2,366	-2,745	-2,852	-2,887	-3,075	-3,311	-3,448
Other Financing Activities, Net	0.00	-40	-	-	-	0.00	-167	0.00	0.00	-55
Cash Interest Paid	1,434	1,591	2,086	3,056	4,404	2,199	1,061	2,717	12,282	15,382
Cash Income Taxes Paid	742	595	555	365	941	1,025	535	767	645	499

This table details how cash moves in and out of U.S. Bancorp's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric		Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q4 2024

This table presents U.S. Bancorp's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	421,853	445,964	462,040	467,374	495,426	553,905	573,284	674,805	663,491	678,318
Cash and Due from Banks	11,147	15,705	19,505	21,453	22,405	62,580	28,905	53,542	61,192	56,502
Trading Account Securities	108,771	114,101	116,053	112,165	128,191	145,601	140,738	163,850	155,952	167,199
Loans and Leases, Net of Allowance	256,986	269,394	276,507	282,837	292,082	290,393	0.00	381,277	366,456	372,249
Loans and Leases	260,849	273,207	280,432	286,810	296,102	297,707	-	388,213	373,835	379,832
Allowance for Loan and Lease Losses	3,863	3,813	3,925	3,973	4,020	7,314	-	6,936	7,379	7,583
Goodwill	9,361	9,344	9,434	9,369	9,655	9,918	10,262	12,373	12,489	12,536
Intangible Assets	3,350	3,303	3,228	3,392	3,223	2,864	3,738	7,155	6,084	5,547
Other Assets	29,725	31,674	311,388	33,645	36,168	39,081	80,032	52,750	57,695	60,720
Total Liabilities & Shareholders' Equity	421,853	445,964	462,040	467,374	495,426	553,905	573,284	674,805	663,491	678,318
Total Liabilities	375,036	398,031	412,374	415,717	442,943	500,180	517,897	623,573	607,720	619,278
Non-Interest Bearing Deposits	83,766	86,097	87,557	81,811	75,590	118,089	134,901	137,743	89,989	84,158
Interest Bearing Deposits	216,634	248,493	259,658	263,664	286,326	311,681	321,182	387,233	422,323	434,151
Short-Term Debt	27,877	13,963	16,651	14,139	23,723	11,766	11,796	31,216	15,279	15,518
Long-Term Debt	32,078	33,323	32,259	41,340	40,167	41,297	32,125	39,829	51,480	58,002
Other Long-Term Liabilities	14,681	16,155	16,249	14,763	17,137	17,347	17,893	27,552	28,649	27,449
Total Equity & Noncontrolling Interests	46,817	47,933	49,666	51,657	52,483	53,725	55,387	51,232	55,771	59,040
Total Preferred & Common Equity	46,131	47,298	49,040	51,029	51,853	53,095	54,918	50,766	55,306	58,578
Total Common Equity	46,131	47,298	49,040	45,045	51,853	47,112	54,918	50,766	55,306	58,578
Common Stock	8,397	8,461	-9,117	8,490	8,496	8,532	8,560	8,733	8,694	8,736
Retained Earnings	46,377	50,151	54,142	59,065	63,186	64,188	69,201	71,901	74,026	76,863
Treasury Stock	-13,125	-15,280	-	-	-	-25,930	-27,271	-25,269	-24,126	-24,065
Accumulated Other Comprehensive Income / (Loss)	-1,019	-1,535	-1,404	-2,322	-1,373	322	-1,943	-11,407	-10,096	-9,764
Other Equity Adjustments	5,501	5,501	5,419	-20,188	-18,456	-	6,371	6,808	6,808	6,808
Noncontrolling Interest	686	635	626	628	630	630	469	466	465	462

This table presents U.S. Bancorp's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Total Assets	600,973	674,805	682,377	680,825	668,039	663,491	683,606	680,058	686,469	678,318
Cash and Due from Banks	41,652	53,542	67,228	70,642	64,354	61,192	76,985	65,832	73,562	56,502
Trading Account Securities	72,170	163,850	67,872	71,582	69,543	155,952	157,454	163,867	164,940	167,199
Loans and Leases, Net of Allowance	0.00	381,277	0.00	0.00	0.00	366,456	367,074	368,584	366,604	372,249
Loans and Leases	-	388,213	-	-	-	373,835	374,588	376,133	374,164	379,832
Allowance for Loan and Lease Losses	-	6,936	-	-	-	7,379	7,514	7,549	7,560	7,583
Goodwill	10,125	12,373	12,560	12,486	12,472	12,489	12,479	12,476	12,573	12,536
Intangible Assets	4,604	7,155	6,883	6,634	6,435	6,084	6,031	5,757	5,488	5,547
Other Assets	132,576	52,750	143,253	143,522	143,603	57,695	60,046	59,972	59,717	60,720
Total Liabilities & Shareholders' Equity	600,973	674,805	682,377	680,825	668,039	663,491	683,606	680,058	686,469	678,318
Total Liabilities	552,995	623,573	628,923	627,341	614,461	607,720	627,573	623,173	627,148	619,278
Non-Interest Bearing Deposits	115,206	137,743	124,595	104,996	98,006	89,989	91,220	86,756	86,838	84,158
Interest Bearing Deposits	355,942	387,233	380,744	416,604	420,352	422,323	436,843	437,029	434,293	434,151
Short-Term Debt	25,066	31,216	56,875	32,334	21,900	15,279	17,102	16,557	23,708	15,518
Long-Term Debt	32,228	39,829	42,045	45,283	43,074	51,480	52,693	52,720	54,839	58,002
Other Long-Term Liabilities	24,553	27,552	24,664	28,124	31,129	28,649	29,715	30,111	27,470	27,449
Total Equity & Noncontrolling Interests	47,978	51,232	53,454	53,484	53,578	55,771	56,033	56,885	59,321	59,040
Total Preferred & Common Equity	47,513	50,766	52,989	53,019	53,113	55,306	55,568	56,420	58,859	58,578
Total Common Equity	47,513	50,766	52,989	53,019	53,113	55,306	55,568	56,420	58,859	58,578
Common Stock	8,611	8,733	8,720	8,763	8,705	8,694	8,663	8,709	8,750	8,736
Retained Earnings	71,782	71,901	72,807	73,355	74,023	74,026	74,473	75,231	76,057	76,863
Treasury Stock	-27,188	-25,269	-25,193	-25,189	-24,168	-24,126	-24,023	-24,020	-24,010	-24,065
Accumulated Other Comprehensive Income / (Loss)	-12,500	-11,407	-10,153	-10,718	-12,255	-10,096	-10,353	-10,308	-8,746	-9,764
Other Equity Adjustments	6,808	6,808	6,808	6,808	6,808	6,808	6,808	6,808	6,808	6,808
Noncontrolling Interest	465	466	465	465	465	465	465	465	462	462

This table displays calculated financial ratios and metrics derived from U.S. Bancorp's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.77%	4.30%	3.54%	3.80%	1.61%	1.50%	-2.17%	6.44%	15.83%	-2.42%
EBITDA Growth	0.18%	0.75%	-6.88%	14.53%	-0.54%	-27.68%	62.10%	-26.28%	0.28%	12.24%
EBIT Growth	0.44%	0.93%	-7.25%	15.45%	-0.97%	-29.59%	68.01%	-28.18%	-5.97%	15.21%
NOPAT Growth	0.42%	0.19%	5.20%	13.93%	-2.50%	-28.23%	60.18%	-26.89%	-6.51%	15.96%
Net Income Growth	0.42%	0.19%	5.20%	13.93%	-2.50%	-28.23%	60.18%	-26.89%	-6.51%	15.96%
EPS Growth	2.60%	2.53%	8.33%	17.95%	0.48%	-26.44%	66.67%	-27.65%	-11.38%	15.90%
Operating Cash Flow Growth	64.70%	-39.24%	21.29%	63.23%	-53.72%	-23.99%	165.61%	113.97%	-60.00%	33.46%
Free Cash Flow Firm Growth	150.07%	219.17%	-83.45%	-149.59%	-59.54%	735.97%	6.14%	-210.77%	130.38%	-171.10%
Invested Capital Growth	0.42%	-10.82%	3.53%	8.68%	8.62%	-8.24%	-7.00%	23.13%	0.21%	8.19%
Revenue Q/Q Growth	0.22%	0.37%	0.00%	0.00%	-0.69%	0.35%	-0.30%	2.89%	1.43%	0.00%
EBITDA Q/Q Growth	0.21%	-0.13%	1,609.85%	1,870.91%	-3.16%	1.18%	1.99%	-11.15%	-0.33%	0.00%
EBIT Q/Q Growth	0.29%	-0.06%	0.00%	0.00%	-3.44%	1.22%	2.18%	-12.43%	-1.45%	0.00%
NOPAT Q/Q Growth	-0.20%	0.03%	0.00%	0.00%	-5.04%	0.65%	1.95%	-11.36%	-1.25%	0.00%
Net Income Q/Q Growth	-0.20%	0.03%	0.00%	0.00%	-5.04%	0.65%	1.95%	-11.36%	-1.25%	0.00%
EPS Q/Q Growth	0.00%	0.62%	0.00%	0.00%	-4.15%	0.66%	2.62%	-12.35%	-2.10%	0.00%
Operating Cash Flow Q/Q Growth	23.39%	-7.51%	-25.94%	36.40%	-35.68%	-21.32%	21.88%	41.42%	-43.38%	0.00%
Free Cash Flow Firm Q/Q Growth	1.50%	93.21%	23.23%	91.05%	-117.51%	160.55%	39.88%	-329.92%	167.14%	0.00%
Invested Capital Q/Q Growth	1.51%	-6.71%	-1.15%	-7.46%	5.79%	-2.35%	-6.43%	16.15%	3.36%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	42.36%	40.92%	36.80%	40.61%	39.75%	28.32%	46.93%	32.51%	28.14%	32.37%
EBIT Margin	39.96%	38.68%	34.65%	38.53%	37.56%	26.05%	44.74%	30.19%	24.51%	28.93%
Profit (Net Income) Margin	29.53%	28.36%	28.82%	31.63%	30.35%	21.46%	35.14%	24.14%	19.48%	23.15%
Tax Burden Percent	73.89%	73.34%	83.18%	82.09%	80.82%	82.38%	78.55%	79.96%	79.50%	80.02%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	26.11%	26.66%	16.82%	17.91%	19.18%	17.62%	21.45%	20.04%	20.50%	19.98%
Return on Invested Capital (ROIC)	5.57%	5.89%	6.45%	6.93%	6.22%	4.47%	7.75%	5.27%	4.46%	4.96%
ROIC Less NNEP Spread (ROIC-NNEP)	5.57%	5.89%	6.45%	6.93%	6.22%	4.47%	7.75%	5.27%	4.46%	4.96%
Return on Net Nonoperating Assets (RNNOA)	7.47%	6.66%	6.36%	7.14%	7.12%	4.92%	6.89%	5.68%	5.74%	6.06%
Return on Equity (ROE)	13.04%	12.55%	12.81%	14.06%	13.34%	9.39%	14.64%	10.95%	10.20%	11.03%
Cash Return on Invested Capital (CROIC)	5.15%	17.32%	2.99%	-1.40%	-2.05%	13.06%	15.01%	-15.46%	4.25%	-2.90%
Operating Return on Assets (OROA)	1.95%	1.87%	1.66%	1.87%	1.79%	1.15%	1.80%	1.17%	1.03%	1.18%
Return on Assets (ROA)	1.44%	1.37%	1.38%	1.53%	1.44%	0.95%	1.42%	0.94%	0.82%	0.94%
Return on Common Equity (ROCE)	12.84%	12.37%	12.65%	13.06%	12.41%	8.75%	13.69%	10.86%	10.11%	10.94%
Return on Equity Simple (ROE_SIMPLE)	12.86%	12.57%	12.75%	13.96%	13.40%	9.39%	14.54%	11.50%	9.87%	10.80%
Net Operating Profit after Tax (NOPAT)	5,933	5,944	6,253	7,124	6,946	4,985	7,985	5,838	5,458	6,329
NOPAT Margin	29.53%	28.36%	28.82%	31.63%	30.35%	21.46%	35.14%	24.14%	19.48%	23.15%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	40.90%	35.85%	37.84%	38.33%	39.20%	47.06%	52.24%	51.42%	51.61%	53.02%
Operating Expenses to Revenue	54.40%	55.01%	58.95%	55.34%	55.87%	57.56%	60.42%	61.64%	67.37%	62.88%
Earnings before Interest and Taxes (EBIT)	8,030	8,105	7,517	8,678	8,594	6,051	10,166	7,301	6,865	7,909
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	8,511	8,575	7,985	9,145	9,096	6,578	10,663	7,861	7,883	8,848
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.20	1.41	1.41	1.31	1.47	1.28	1.35	1.16	1.16	1.27
Price to Tangible Book Value (P/TBV)	1.66	1.92	1.90	1.83	1.96	1.76	1.81	1.88	1.75	1.84
Price to Revenue (P/Rev)	2.76	3.17	3.19	2.62	3.33	2.60	3.25	2.43	2.30	2.73
Price to Earnings (P/E)	9.43	11.29	11.13	8.32	11.03	12.19	9.29	10.07	11.86	11.85
Dividend Yield	3.19%	2.74%	2.78%	3.67%	3.24%	4.19%	3.53%	4.76%	4.67%	4.14%
Earnings Yield	10.60%	8.86%	8.99%	12.01%	9.06%	8.21%	10.77%	9.93%	8.43%	8.44%
Enterprise Value to Invested Capital (EV/IC)	0.98	1.04	1.01	0.93	1.02	0.54	0.90	0.63	0.57	0.69
Enterprise Value to Revenue (EV/Rev)	5.22	4.71	4.57	4.43	5.17	2.48	3.94	3.17	2.51	3.37
Enterprise Value to EBITDA (EV/EBITDA)	12.33	11.51	12.43	10.90	13.02	8.75	8.39	9.75	8.94	10.41
Enterprise Value to EBIT (EV/EBIT)	13.07	12.18	13.20	11.49	13.78	9.51	8.80	10.49	10.26	11.65
Enterprise Value to NOPAT (EV/NOPAT)	17.69	16.60	15.87	14.00	17.04	11.54	11.20	13.12	12.91	14.56
Enterprise Value to Operating Cash Flow (EV/OCF)	11.95	18.50	15.33	9.44	24.22	15.48	9.06	3.63	8.34	8.17
Enterprise Value to Free Cash Flow (EV/FCFF)	19.14	5.64	34.27	0.00	0.00	3.95	5.78	0.00	13.53	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.28	0.99	0.98	1.07	1.22	0.99	0.79	1.39	1.20	1.25
Long-Term Debt to Equity	0.69	0.70	0.65	0.80	0.77	0.77	0.58	0.78	0.92	0.98
Financial Leverage	1.34	1.13	0.99	1.03	1.15	1.10	0.89	1.08	1.29	1.22
Leverage Ratio	9.06	9.16	9.30	9.17	9.25	9.88	10.33	11.71	12.51	11.69
Compound Leverage Factor	9.06	9.16	9.30	9.17	9.25	9.88	10.33	11.71	12.51	11.69
Debt to Total Capital	56.15%	49.66%	49.62%	51.78%	54.90%	49.69%	44.23%	58.10%	54.48%	55.46%
Short-Term Debt to Total Capital	26.11%	14.66%	16.89%	13.20%	20.39%	11.02%	11.88%	25.53%	12.47%	11.71%
Long-Term Debt to Total Capital	30.04%	35.00%	32.73%	38.59%	34.52%	38.67%	32.35%	32.57%	42.01%	43.76%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	5.59%	0.00%	5.60%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.64%	0.67%	0.64%	0.59%	0.54%	0.59%	0.47%	0.38%	0.38%	0.35%
Common Equity to Total Capital	43.21%	49.67%	49.75%	42.04%	44.56%	44.12%	55.30%	41.52%	45.14%	44.19%
Debt to EBITDA	7.04	5.51	6.13	6.07	7.02	8.07	4.12	9.04	8.47	8.31
Net Debt to EBITDA	5.73	3.68	3.68	3.72	4.56	-1.45	1.41	2.23	0.71	1.92
Long-Term Debt to EBITDA	3.77	3.89	4.04	4.52	4.42	6.28	3.01	5.07	6.53	6.56
Debt to NOPAT	10.11	7.96	7.82	7.79	9.20	10.64	5.50	12.17	12.23	11.62
Net Debt to NOPAT	8.23	5.31	4.70	4.78	5.97	-1.91	1.88	3.00	1.02	2.69
Long-Term Debt to NOPAT	5.41	5.61	5.16	5.80	5.78	8.28	4.02	6.82	9.43	9.16
Noncontrolling Interest Sharing Ratio	1.51%	1.39%	1.29%	7.14%	6.95%	6.82%	6.49%	0.88%	0.87%	0.81%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	5,482	17,497	2,896	-1,436	-2,291	14,570	15,465	-17,131	5,205	-3,701
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	3.91	11.92	1.47	-0.44	-0.52	7.23	15.57	-5.33	0.41	-0.24
Operating Cash Flow to Interest Expense	6.27	3.63	3.29	3.25	1.10	1.84	9.94	6.56	0.67	0.73
Operating Cash Flow Less CapEx to Interest Expense	6.27	3.63	3.29	3.25	1.10	1.84	9.94	6.56	0.67	0.73
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.05	0.05	0.05	0.05	0.05	0.04	0.04	0.04	0.04	0.04
Fixed Asset Turnover	7.83	8.46	8.90	9.21	7.43	6.48	6.71	0.00	0.00	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	106,772	95,219	98,576	107,136	116,373	106,788	99,308	122,277	122,530	132,560
Invested Capital Turnover	0.19	0.21	0.22	0.22	0.20	0.21	0.22	0.22	0.23	0.21
Increase / (Decrease) in Invested Capital	451	-11,553	3,357	8,560	9,237	-9,585	-7,480	22,969	253	10,030
Enterprise Value (EV)	104,933	98,699	99,235	99,702	118,388	57,528	89,436	76,623	70,440	92,119
Market Capitalization	55,439	66,483	69,204	59,064	76,273	60,432	73,951	58,654	64,408	74,639
Book Value per Share	$26.37	$27.83	$29.55	$27.87	$33.20	$31.27	$37.04	$34.17	$35.52	$37.55
Tangible Book Value per Share	$19.11	$20.39	$21.92	$19.98	$24.95	$22.79	$27.60	$21.02	$23.59	$25.96
Total Capital	106,772	95,219	98,576	107,136	116,373	106,788	99,308	122,277	122,530	132,560
Total Debt	59,955	47,286	48,910	55,479	63,890	53,063	43,921	71,045	66,759	73,520
Total Long-Term Debt	32,078	33,323	32,259	41,340	40,167	41,297	32,125	39,829	51,480	58,002
Net Debt	48,808	31,581	29,405	34,026	41,485	-9,517	15,016	17,503	5,567	17,018
Capital Expenditures (CapEx)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	59,955	47,286	48,910	55,479	63,890	53,063	43,921	71,045	66,759	73,520
Total Depreciation and Amortization (D&A)	481	470	468	467	502	527	497	560	1,018	939
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$3.18	$3.25	$3.53	$4.15	$4.16	$3.06	$5.11	$3.69	$3.27	$3.79
Adjusted Weighted Average Basic Shares Outstanding	1.76B	1.72B	1.68B	1.63B	1.58B	1.51B	1.49B	1.49B	1.54B	1.56B
Adjusted Diluted Earnings per Share	$3.16	$3.24	$3.51	$4.14	$4.16	$3.06	$5.10	$3.69	$3.27	$3.79
Adjusted Weighted Average Diluted Shares Outstanding	1.77B	1.72B	1.68B	1.64B	1.58B	1.51B	1.49B	1.49B	1.54B	1.56B
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	1.74B	1.69B	1.65B	1.60B	1.52B	1.50B	1.48B	1.53B	1.56B	1.56B
Normalized Net Operating Profit after Tax (NOPAT)	5,933	5,944	6,253	7,124	6,946	4,985	7,985	6,101	6,260	6,453
Normalized NOPAT Margin	29.53%	28.36%	28.82%	31.63%	30.35%	21.46%	35.14%	25.23%	22.35%	23.61%
Pre Tax Income Margin	39.96%	38.68%	34.65%	38.53%	37.56%	26.05%	44.74%	30.19%	24.51%	28.93%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	5.73	5.52	3.82	2.67	1.93	3.00	10.24	2.27	0.54	0.51
NOPAT to Interest Expense	4.23	4.05	3.18	2.19	1.56	2.47	8.04	1.81	0.43	0.41
EBIT Less CapEx to Interest Expense	5.73	5.52	3.82	2.67	1.93	3.00	10.24	2.27	0.54	0.51
NOPAT Less CapEx to Interest Expense	4.23	4.05	3.18	2.19	1.56	2.47	8.04	1.81	0.43	0.41
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	34.03%	34.94%	35.38%	33.21%	39.52%	57.21%	36.16%	52.67%	60.66%	54.48%
Augmented Payout Ratio	70.94%	77.94%	77.45%	72.82%	104.66%	90.75%	55.63%	53.85%	61.80%	57.21%

This table displays calculated financial ratios and metrics derived from U.S. Bancorp's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-
Revenue Growth	7.37%	12.00%	28.23%	19.35%	11.18%	0.00%	-6.39%	-4.24%	0.00%
EBITDA Growth	-10.98%	-43.59%	15.76%	-3.23%	-8.82%	-100.00%	-20.99%	14.16%	0.00%
EBIT Growth	-11.59%	-48.48%	10.43%	-10.11%	-14.89%	-100.00%	-22.51%	17.42%	0.00%
NOPAT Growth	-10.72%	-44.58%	9.37%	-10.76%	-16.08%	-100.00%	-22.18%	17.68%	0.00%
Net Income Growth	-10.72%	-44.58%	9.37%	-10.76%	-16.08%	0.00%	-22.18%	17.68%	0.00%
EPS Growth	-10.77%	-48.60%	5.05%	-15.15%	-21.55%	0.00%	-25.00%	15.48%	0.00%
Operating Cash Flow Growth	32.41%	879.80%	-90.07%	47.44%	10.50%	0.00%	216.03%	-13.33%	0.00%
Free Cash Flow Firm Growth	-49.01%	-340.65%	-1,894.20%	-1,806.16%	-538.49%	98.85%	161.90%	124.91%	-3,864.43%
Invested Capital Growth	-0.82%	23.13%	44.24%	26.74%	12.61%	0.21%	-17.42%	-3.77%	8.19%
Revenue Q/Q Growth	5.23%	0.64%	12.71%	0.00%	-1.97%	0.00%	-0.68%	2.29%	0.00%
EBITDA Q/Q Growth	16.98%	-47.38%	89.34%	-16.97%	10.22%	-100.00%	52.72%	19.96%	0.00%
EBIT Q/Q Growth	17.92%	-52.07%	96.09%	-18.90%	11.65%	-100.00%	67.30%	22.89%	0.00%
NOPAT Q/Q Growth	18.38%	-48.79%	83.23%	-19.66%	11.32%	-100.00%	54.01%	21.49%	0.00%
Net Income Q/Q Growth	18.38%	-48.79%	83.23%	-19.66%	11.32%	0.00%	54.01%	21.49%	0.00%
EPS Q/Q Growth	17.17%	-52.59%	89.09%	-19.23%	8.33%	0.00%	62.50%	24.36%	0.00%
Operating Cash Flow Q/Q Growth	55.85%	96.52%	-87.78%	293.82%	16.80%	0.00%	539.66%	8.00%	0.00%
Free Cash Flow Firm Q/Q Growth	73.98%	-922.04%	-104.32%	41.61%	55.29%	97.85%	4,484.21%	-76.50%	0.00%
Invested Capital Q/Q Growth	1.77%	16.15%	24.61%	-13.96%	-9.57%	3.36%	2.69%	0.27%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-
EBITDA Margin	38.52%	20.14%	33.83%	28.09%	31.59%	0.00%	28.56%	33.49%	0.00%
EBIT Margin	36.48%	17.38%	30.23%	24.52%	27.93%	0.00%	25.03%	30.07%	0.00%
Profit (Net Income) Margin	28.84%	14.68%	23.86%	19.17%	21.77%	0.00%	19.84%	23.56%	0.00%
Tax Burden Percent	79.06%	84.47%	78.93%	78.18%	77.95%	0.00%	79.26%	78.36%	0.00%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	0.00%	100.00%	100.00%	0.00%
Effective Tax Rate	20.94%	15.53%	21.07%	21.82%	22.05%	0.00%	20.74%	21.64%	0.00%
Return on Invested Capital (ROIC)	6.41%	3.20%	4.76%	4.40%	5.37%	0.00%	3.93%	4.99%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	6.41%	3.20%	4.76%	4.40%	5.37%	0.00%	3.93%	4.99%	0.00%
Return on Net Nonoperating Assets (RNNOA)	6.83%	3.45%	6.93%	5.66%	6.47%	0.00%	6.06%	6.64%	0.00%
Return on Equity (ROE)	13.25%	6.66%	11.69%	10.06%	11.84%	0.00%	9.98%	11.64%	0.00%
Cash Return on Invested Capital (CROIC)	7.05%	-15.46%	-31.59%	-18.63%	-6.93%	4.25%	22.74%	7.98%	-2.90%
Operating Return on Assets (OROA)	1.47%	0.67%	1.23%	1.04%	1.22%	0.00%	1.01%	1.20%	0.00%
Return on Assets (ROA)	1.16%	0.57%	0.97%	0.81%	0.95%	0.00%	0.80%	0.94%	0.00%
Return on Common Equity (ROCE)	12.33%	6.60%	11.59%	9.97%	11.73%	0.00%	9.90%	11.54%	0.00%
Return on Equity Simple (ROE_SIMPLE)	13.86%	0.00%	11.29%	10.98%	10.41%	0.00%	9.14%	9.43%	0.00%
Net Operating Profit after Tax (NOPAT)	1,816	930	1,704	1,369	1,524	0.00	1,326	1,611	0.00
NOPAT Margin	28.84%	14.68%	23.86%	19.17%	21.77%	0.00%	19.84%	23.56%	0.00%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	49.00%	52.00%	50.30%	50.50%	51.64%	0.00%	54.30%	52.68%	0.00%
Operating Expenses to Revenue	57.77%	63.81%	63.79%	63.98%	64.71%	0.00%	66.70%	61.63%	0.00%
Earnings before Interest and Taxes (EBIT)	2,297	1,101	2,159	1,751	1,955	0.00	1,673	2,056	0.00
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	2,425	1,276	2,416	2,006	2,211	0.00	1,909	2,290	0.00
Valuation Ratios	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.15	1.16	0.98	0.91	0.92	1.16	1.24	1.10	1.27
Price to Tangible Book Value (P/TBV)	1.67	1.88	1.54	1.42	1.43	1.75	1.85	1.62	1.84
Price to Revenue (P/Rev)	2.33	2.43	2.01	1.79	1.77	2.30	2.49	2.27	2.73
Price to Earnings (P/E)	8.34	10.07	8.67	8.31	8.89	11.86	13.61	11.71	11.85
Dividend Yield	5.04%	4.76%	5.62%	6.11%	6.01%	4.67%	4.39%	4.91%	4.14%
Earnings Yield	12.00%	9.93%	11.53%	12.03%	11.25%	8.43%	7.35%	8.54%	8.44%
Enterprise Value to Invested Capital (EV/IC)	0.67	0.63	0.55	0.42	0.42	0.57	0.49	0.52	0.69
Enterprise Value to Revenue (EV/Rev)	3.02	3.17	3.26	2.07	1.81	2.51	2.25	2.42	3.37
Enterprise Value to EBITDA (EV/EBITDA)	8.01	9.75	10.24	6.85	6.32	8.94	8.41	8.60	10.41
Enterprise Value to EBIT (EV/EBIT)	8.50	10.49	11.18	7.61	7.18	10.26	9.72	9.85	11.65
Enterprise Value to NOPAT (EV/NOPAT)	10.76	13.12	14.02	9.56	9.05	12.91	12.21	12.38	14.56
Enterprise Value to Operating Cash Flow (EV/OCF)	4.75	3.63	6.22	3.82	3.35	8.34	6.04	6.70	8.17
Enterprise Value to Free Cash Flow (EV/FCFF)	9.52	0.00	0.00	0.00	0.00	13.53	1.96	6.42	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-
Debt to Equity	1.19	1.39	1.85	1.45	1.21	1.20	1.25	1.22	1.25
Long-Term Debt to Equity	0.67	0.78	0.79	0.85	0.80	0.92	0.94	0.93	0.98
Financial Leverage	1.07	1.08	1.45	1.29	1.20	1.29	1.54	1.33	1.22
Leverage Ratio	11.42	11.71	12.07	12.41	12.50	12.51	12.48	12.33	11.69
Compound Leverage Factor	11.42	11.71	12.07	12.41	12.50	0.00	12.48	12.33	0.00
Debt to Total Capital	54.42%	58.10%	64.92%	59.20%	54.81%	54.48%	55.47%	54.91%	55.46%
Short-Term Debt to Total Capital	23.81%	25.53%	37.33%	24.66%	18.47%	12.47%	13.59%	13.12%	11.71%
Long-Term Debt to Total Capital	30.61%	32.57%	27.59%	34.54%	36.33%	42.01%	41.88%	41.79%	43.76%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.44%	0.38%	0.31%	0.35%	0.39%	0.38%	0.37%	0.37%	0.35%
Common Equity to Total Capital	45.13%	41.52%	34.78%	40.44%	44.80%	45.14%	44.16%	44.72%	44.19%
Debt to EBITDA	6.48	9.04	12.08	9.56	8.22	8.47	9.46	9.04	8.31
Net Debt to EBITDA	1.77	2.23	3.87	0.86	0.08	0.71	-0.97	0.45	1.92
Long-Term Debt to EBITDA	3.64	5.07	5.13	5.57	5.45	6.53	7.14	6.88	6.56
Debt to NOPAT	8.70	12.17	16.53	13.34	11.76	12.23	13.74	13.02	11.62
Net Debt to NOPAT	2.38	3.00	5.30	1.20	0.11	1.02	-1.42	0.65	2.69
Long-Term Debt to NOPAT	4.89	6.82	7.03	7.78	7.79	9.43	10.37	9.91	9.16
Noncontrolling Interest Sharing Ratio	6.91%	0.88%	0.89%	0.91%	0.92%	0.00%	0.85%	0.84%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	2,681	-22,039	-45,029	-26,292	-11,756	-253	27,872	6,550	-10,030
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	2.98	-13.11	-19.33	-8.45	-3.34	0.00	7.38	1.65	0.00
Operating Cash Flow to Interest Expense	3.89	4.10	0.36	1.07	1.10	0.00	0.70	0.73	0.00
Operating Cash Flow Less CapEx to Interest Expense	3.89	4.10	0.36	1.07	1.10	0.00	0.70	0.73	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-
Asset Turnover	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04
Fixed Asset Turnover	7.33	0.00	7.42	7.83	8.16	0.00	0.00	0.00	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-
Invested Capital	105,272	122,277	152,374	131,101	118,552	122,530	125,828	126,162	132,560
Invested Capital Turnover	0.22	0.22	0.20	0.23	0.25	0.23	0.20	0.21	0.21
Increase / (Decrease) in Invested Capital	-865	22,969	46,733	27,661	13,280	253	-26,546	-4,939	10,030
Enterprise Value (EV)	70,898	76,623	83,891	55,626	50,024	70,440	62,014	65,860	92,119
Market Capitalization	54,791	58,654	51,734	48,186	48,939	64,408	68,739	61,950	74,639
Book Value per Share	$31.98	$34.17	$34.61	$34.59	$34.65	$35.52	$35.64	$36.16	$37.55
Tangible Book Value per Share	$22.07	$21.02	$21.91	$22.11	$22.31	$23.59	$23.77	$24.47	$25.96
Total Capital	105,272	122,277	152,374	131,101	118,552	122,530	125,828	126,162	132,560
Total Debt	57,294	71,045	98,920	77,617	64,974	66,759	69,795	69,277	73,520
Total Long-Term Debt	32,228	39,829	42,045	45,283	43,074	51,480	52,693	52,720	58,002
Net Debt	15,642	17,503	31,692	6,975	620	5,567	-7,190	3,445	17,018
Capital Expenditures (CapEx)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	57,294	71,045	98,920	77,617	64,974	66,759	69,795	69,277	73,520
Total Depreciation and Amortization (D&A)	128	175	257	255	256	0.00	236	234	0.00
Earnings Adjustments	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.16	$0.55	$1.04	$0.84	$0.91	$0.00	$0.78	$0.97	$0.00
Adjusted Weighted Average Basic Shares Outstanding	1.49B	1.49B	1.53B	1.53B	1.55B	1.54B	1.56B	1.56B	1.56B
Adjusted Diluted Earnings per Share	$1.16	$0.55	$1.04	$0.84	$0.91	$0.00	$0.78	$0.97	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	1.49B	1.49B	1.53B	1.53B	1.55B	1.54B	1.56B	1.56B	1.56B
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	1.49B	1.53B	1.53B	1.53B	1.56B	1.56B	1.56B	1.56B	1.56B
Normalized Net Operating Profit after Tax (NOPAT)	1,849	1,006	1,897	1,611	1,745	0.00	1,449	1,611	0.00
Normalized NOPAT Margin	29.37%	15.88%	26.56%	22.57%	24.93%	0.00%	21.67%	23.56%	0.00%
Pre Tax Income Margin	36.48%	17.38%	30.23%	24.52%	27.93%	0.00%	25.03%	30.07%	0.00%
Debt Service Ratios	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.55	0.66	0.93	0.56	0.56	0.00	0.44	0.52	0.00
NOPAT to Interest Expense	2.02	0.55	0.73	0.44	0.43	0.00	0.35	0.41	0.00
EBIT Less CapEx to Interest Expense	2.55	0.66	0.93	0.56	0.56	0.00	0.44	0.52	0.00
NOPAT Less CapEx to Interest Expense	2.02	0.55	0.73	0.44	0.43	0.00	0.35	0.41	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	46.20%	52.67%	52.22%	54.85%	58.97%	60.66%	65.94%	63.59%	54.48%
Augmented Payout Ratio	47.31%	53.85%	53.21%	55.85%	60.03%	61.80%	67.26%	64.86%	57.21%

Frequently Asked Questions About U.S. Bancorp's Financials

When does U.S. Bancorp's fiscal year end?

According to the most recent income statement we have on file, U.S. Bancorp's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has U.S. Bancorp's net income changed over the last 9 years?

U.S. Bancorp's net income were at $6.33 billion at the end of 2024, a 16.0% increase from 2023, and a 6.7% increase since 2015.

How has U.S. Bancorp revenue changed over the last 9 years?

Over the last 9 years, U.S. Bancorp's total revenue changed from $20.09 billion in 2015 to $27.34 billion in 2024, a change of 36.0%.

How much debt does U.S. Bancorp have?

U.S. Bancorp's total liabilities were at $619.28 billion at the end of 2024, a 1.9% increase from 2023, and a 65.1% increase since 2015.

How much cash does U.S. Bancorp have?

In the past 9 years, U.S. Bancorp's cash and equivalents has ranged from $11.15 billion in 2015 to $62.58 billion in 2020, and is currently $56.50 billion as of their latest financial filing in 2024.

How has U.S. Bancorp's book value per share changed over the last 9 years?

Over the last 9 years, U.S. Bancorp's book value per share changed from 26.37 in 2015 to 37.55 in 2024, a change of 42.4%.

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This page (NYSE:USB) was last updated on 4/15/2025 by MarketBeat.com Staff

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U.S. Bancorp (USB) Financials

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