US Bancorp \de\
US Bancorp \de\ (USB) is listed on NYSE and classified in Banks - Regional, part of the Financial Services sector. It is headquartered in Minneapolis, United States and has 70,000 employees. The company is worth $93.51B and trades at 11.5x its earnings of the last twelve months; the median for its sector is 13.2x. Revenue was $28.66B in fiscal 2025, up 4.4% from the year before. Net income was $7.57B. The share price is 9.2% below its 52-week high of $66.08. It pays a dividend yielding 3.60%, and has raised its annual dividend for 15 years in a row in our records. 6 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Cliff Asness (AQR Capital Management), at $268.88M. In that quarter, 3 of them opened or added to the position and 3 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▲ +6.1% over 5Y.
today you would have $1,212.04▲ +21.2%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 19 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $53.36 | $47.83 | $43.28 | $43.61 | $56.17 | $46.59 | $59.29 | $45.70 | $53.58 | $51.37 | $42.67 | $44.95 | $40.40 | $31.94 | $27.05 | $26.97 | $22.51 |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 8.6% a year plus a 3.6% dividend yield. Growth capped at 25%.
Median P/E of 13.2 among peers in the sector.
Median P/E of 13.5 across this company’s own years on record.
Cash flow growing 8.6% a year for 10 years, discounted at 10%, then 2.5% forever.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Dividend growing 7.5% a year against a 9.1% required return, from the stock’s beta.
Companies of similar size in Financial Services, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| INGING Groep NV | $32.44 | 12.5x | 1.6x | 4.07% | 17.12% | $92.16B |
| ICEIntercontinental Exchange, Inc. | $163.84 | 22.2x | 3.1x | 1.27% | 14.09% | $91.98B |
| MRSHMarsh & Mclennan Companies Inc | $199.27 | 23.8x | 6.5x | 1.99% | 27.24% | $95.09B |
| PNCPNC Financial Services Group Inc |
| $25.01 |
| $31.74 |
| P/E | 13.5x | 11.5x | 12.6x | 13.2x | 11.8x | 11.0x | 15.2x | 14.3x | 11.0x | 15.3x | 15.9x | 13.5x | 14.6x | 13.5x | 11.2x | 11.0x | 15.6x | 23.2x | 15.5x | 13.1x |
| P/S | 3.0x | 2.9x | 2.7x | 2.4x | 2.7x | 3.7x | 3.0x | 3.9x | 3.2x | 4.0x | 4.1x | 3.7x | 4.0x | 3.8x | 2.9x | 2.7x | 2.9x | 2.6x | 3.0x | 4.0x |
| P/B | 1.6x | 1.3x | 1.3x | 1.2x | 1.3x | 1.5x | 1.3x | 1.7x | 1.4x | 1.8x | 1.8x | 1.6x | 1.8x | 1.8x | 1.5x | 1.5x | 1.8x | 1.7x | 1.7x | 2.6x |
| EPS | $4.62 | $3.79 | $3.27 | $3.69 | $5.10 | $3.06 | $4.16 | $4.14 | $3.51 | $3.24 | $3.16 | $3.08 | $3.00 | $2.84 | $2.46 | $1.73 | $0.97 | $1.61 | $2.42 |
| Dividend yield | 2.66% | 3.82% | 4.14% | 4.46% | 4.31% | 3.13% | 3.61% | 2.66% | 2.93% | 2.16% | 2.08% | 2.37% | 2.15% | 2.19% | 2.44% | 1.85% | 0.74% | 0.89% | 6.80% | 5.12% |
| Payout | 33.05% | 44.16% | 52.24% | 59.02% | 50.95% | 34.51% | 54.90% | 37.98% | 32.37% | 33.05% | 33.02% | 31.96% | 31.33% | 29.50% | 27.46% | 20.33% | 11.56% | 20.62% | 105.59% | 67.15% |
| Profit margin | 27.63% | 26.42% | 22.94% | 19.29% | 23.97% | 35.05% | 21.35% | 30.21% | 31.35% | 28.39% | 27.63% | 28.95% | 29.02% | 29.77% | 27.83% | 25.80% | 18.49% | 13.39% | 20.26% | 30.92% |
| ROE | 12.68% | 11.61% | 10.75% | 9.82% | 11.47% | 14.50% | 9.34% | 13.33% | 13.91% | 12.68% | 12.45% | 12.74% | 13.46% | 14.20% | 14.48% | 14.34% | 11.24% | 8.49% | 11.20% | 19.81% |
Median of the years shown; P/E years above 200x are left out.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
6 methods answered, across 3 families.
Room for errors in the reported numbers.
+65.3% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| $225.53 |
| 12.0x |
| 1.4x |
| 3.55% |
| 13.10% |
| $89.97B |
| BNYBank of New York Mellon Corp | $145.32 | 16.1x | 2.5x | 1.53% | 14.87% | $98.6B |
| HOODRobinhood Markets, Inc. | $96.58 | 44.9x | 9.2x | 0.00% | 23.62% | $86.83B |