US BANCORP \DE\
At today's price, US BANCORP \DE\ (USB) is priced for 14.8% return on equity. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.
• U.S. Bancorp is a large diversified bank with an unusually rich fee engine: alongside lending and deposits it runs a major Payment Services arm whose merchant-processing revenue, recorded ⟦within the Payment Services⟧ business, gives it earnings less tied to the rate cycle than a typical regional. [Source: USB FY2024 10-K] • The earnings trajectory is improving: Q1 2026 net income rose 13.8% to $1.945 billion, diluted EPS rose 14.6% to $1.18, and the bank delivered a 17.0% return on tangible c
Is USB overvalued? See what's priced in →
1,923 institutional managers reported holding USB in 13F filings for the quarter ended 2026-03-31. Together they hold about 76% of the company; the top 10 hold 37%. 108 opened new positions that quarter. Held by Vanguard Group, BlackRock, State Street, among others. On the short side, 27.3M shares were sold short as of the 2026-06-15 count, about 2% of shares outstanding (3 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
USB's share count grew 4.4% over the past five years even with $1.09B spent on repurchases. It pays a dividend, and has paid one every year in our records (18 and counting), raised 15 years straight; the current rate is $2.04 a share annually. Cash returned over the past three years: $8.57B in dividends and $958.00M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at USB over the trailing three years: 2023: 3 buys totaling $3k; 2024: 1 buy totaling $450k; 2025: 1 buy totaling $187k. 16 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
USB's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-08 | +3.7% | -19.0% |
| 2023-11-02 | +7.7% | +25.9% |
| 2024-02-21 | -3.0% | +2.0% |
| 2024-05-02 | +2.4% | -3.5% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
USB's latest 8-K filings: 2026-07-16 (items 2.02, 7.01, 9.01); 2026-06-24 (items 8.01, 9.01); 2026-04-23 (items 5.07, 9.01); 2026-04-16 (items 2.02, 7.01, 9.01); 2026-04-08 (items 7.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.
Last analyzed: June 28, 2026
Each week boothcheck ranks the stocks whose prices are betting on the most. Read the most stretched bets archive →
boothcheck is also on Android. Get the app on Google Play →
For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.