Every material Form 8-K U.S. Bancorp filed with the SEC in 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
U.S. Bancorp's CFO John Stern and Vice Chair Stephen Philipson will present at the BancAnalysts Association of Boston Conference on November 6, 2026, and the company furnished the slides as Exhibit 99.1. The slides restate third-quarter 2026 results, including total net revenue of $7,970 million, up 9.5% from a year earlier, and net income applicable to common shareholders of $2,095 million, up from $1,893 million. The slides also cover the BTIG acquisition and the company's Capital Markets growth plans.
Presentation at 10:15 a.m. Eastern time on Friday, November 6, 2026, by John Stern and Stephen Philipson
Third-quarter 2026 total net revenue of $7,970 million, compared with $7,329 million in third-quarter 2025 (up 9.5%)
Net income applicable to common shareholders of $2,095 million, compared with $1,893 million in third-quarter 2025
Slides show return on tangible common equity of 18.5% and efficiency ratio of 55.9% for the third quarter of 2026
U.S. Bancorp filed a Certificate of Designations on October 29, 2026 to create its Series P Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, then closed the sale of 1,000,000 depositary shares on October 30, 2026. Each depositary share represents 1/25th of a share of the preferred stock, and the preferred has a $25,000 liquidation preference per share. The filing is a financing disclosure with no stated effect on reported results, but it adds a new class of senior equity ahead of common shareholders.
Certificate of Designations for Series P preferred stock filed October 29, 2026
Sale of 1,000,000 depositary shares closed October 30, 2026; each represents 1/25th of a preferred share
Preferred stock carries a $25,000 liquidation preference per share
Underwriters include U.S. Bancorp Investments, Barclays Capital and Morgan Stanley & Co.; U.S. Bank Trust Company is depositary
U.S. Bancorp said Vice Chair and Chief Risk Officer Jodi L. Richard resigned effective immediately to take a position at another publicly traded company, and that the resignation was not due to any disagreement with the company. Executive Vice President and Chief Credit Officer Troy W. Remington will serve as interim Chief Risk Officer while the company selects a successor.
Jodi L. Richard notified the company of her resignation on October 23, 2026, effective immediately
Resignation was not due to any disagreement with the company on operations, policies or practices
Troy W. Remington, Executive Vice President and Chief Credit Officer, is interim Chief Risk Officer
The company has not yet named a permanent successor
U.S. Bancorp reported third-quarter 2026 net income attributable to the company of $2.20 billion, up 10.0% from a year earlier, with diluted earnings per share of $1.34, up 9.8%. Total net revenue rose 8.7% year over year to $7.97 billion, which the company called a record, and fee revenue grew 14.9%, helped by the BTIG acquisition and a small business credit card portfolio purchase. The filing contains no full-year guidance change, and higher expenses and a $135 million provision tied to the card portfolio purchase partly offset the gains.
Net income attributable to U.S. Bancorp was $2,202 million, up 10.0% from $2,001 million in Q3 2025.
Diluted EPS was $1.34, compared with $1.22 a year earlier and $1.35 in Q2 2026.
Noninterest expense rose 7.1% to $4,493 million, mainly due to the BTIG acquisition.
Provision for credit losses was $654 million, including $135 million for acquired loans; CET1 ratio was 10.8%.
U.S. Bancorp reported second-quarter 2026 results, with net income attributable to the company of $2,177 million and diluted earnings per share of $1.35, both up from a year earlier. Total net revenue reached a record $7,712 million, up 10.1% year over year, and the company completed its acquisition of BTIG effective June 1, 2026. Higher noninterest expense partly offset the revenue gain, while the provision for credit losses fell from the prior quarter.
Net income attributable to U.S. Bancorp was $2,177 million, up 19.9% from $1,815 million in the second quarter of 2025.
Diluted earnings per common share were $1.35, compared with $1.11 a year earlier and $1.18 in the first quarter of 2026.
Total net revenue was a record $7,712 million, up 10.1% year over year; noninterest expense rose 5.9% to $4,428 million.
The provision for credit losses was $538 million, down from $576 million in the first quarter of 2026; the net charge-off ratio was 0.53%.
U.S. Bancorp reported first-quarter 2026 net income attributable to the company of $1,945 million and diluted earnings per share of $1.18, up from $1.03 a year earlier but down from $1.26 in the fourth quarter of 2025. Total net revenue was $7,288 million, up 4.7% year over year and down 1.0% from the prior quarter. The filing contains no revised full-year guidance, and the results are an update on the bank's first-quarter performance.
Net income attributable to U.S. Bancorp was $1,945 million, $236 million higher than a year earlier and $100 million lower than the fourth quarter of 2025.
Diluted earnings per common share were $1.18, compared with $1.03 in 1Q25 and $1.26 in 4Q25.
Total net revenue was $7,288 million, up 4.7% from 1Q25; noninterest expense was $4,265 million, up 0.8%.
Common equity tier 1 capital ratio was 10.8% at March 31, 2026; the company will hold its earnings call at 7 a.m. CT on April 16, 2026.
On January 27, 2026, U.S. Bancorp's board adopted the U.S. Bank Executive Change in Control Severance Plan, covering executive officers and certain other officers, including its named executive officers. The plan provides lump-sum severance if a participant is involuntarily terminated without Cause or resigns for Good Reason within 24 months after a Change in Control. The filing does not give a dollar cost for the plan.
Adopted by the board on January 27, 2026, on the recommendation of the Compensation and Human Resources Committee
Severance equals two times annual base salary plus two times target annual incentive, a pro-rata target incentive, and six months of employer health plan cost
Benefits require a release of claims, confidentiality and non-solicitation agreements, and a non-compete where permitted by law
U.S. Bancorp said Chairman Andrew Cecere will not stand for re-election and will retire from the Board at the 2026 annual shareholder meeting, citing personal reasons. CEO Gunjan Kedia will take on the chairman role in addition to her current responsibilities, consolidating the chair and CEO positions.
Andrew Cecere informed the Board on January 27, 2026 that he will not stand for re-election after his term expires at the 2026 Annual Meeting of Shareholders.
Gunjan Kedia, CEO and president and a Board member, was elected chairman effective upon Cecere's retirement from the Board on April 21, 2026.
Roland Hernandez will continue as the Board's lead independent director.
Cecere's decision was not due to any disagreement with the company on operations, policies or practices.
U.S. Bancorp reported fourth-quarter 2025 net income attributable to the company of $2,045 million, up 23.0% from a year earlier, with diluted earnings per share of $1.26 compared with $1.01. The filing also disclosed a definitive agreement to acquire BTIG, LLC, expected to close in the second quarter of 2026 subject to regulatory approvals, which expands the bank's capital markets business.
Total net revenue of $7,365 million for the fourth quarter, up 5.1% year over year
Diluted EPS of $1.26 versus $1.01 a year earlier; return on tangible common equity of 18.4%
Noninterest expense of $4,227 million, down 1.9% year over year; net charge-off ratio improved to 0.54%
Definitive agreement to acquire BTIG, LLC, a firm with 700 employees across 20 global locations; closing expected in Q2 2026
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every U.S. Bancorp filing is on SEC EDGAR ↗. 8-K briefs of other companies →