US Bancorp \de\ USB

What this company does

U.S. Bancorp, headquartered in Minneapolis, Minnesota, provides lending and depository services, cash management, capital markets, and trust and investment management services, and also engages in credit card services, merchant and ATM processing, mortgage banking, insurance, brokerage and leasing. Its banking subsidiary, U.S. Bank National Association, is engaged in the general banking business, principally in domestic markets, and holds all of the consolidated deposits of $522.2 billion at December 31, 2025. Banking and investment services are delivered through branches and banking offices across the United States, primarily in the Midwest and West regions, including 2,075 branches across 26 states and a network of 4,428 ATMs as of December 31, 2025. As of December 31, 2025, it employed a total of 68,520 employees globally. The major business segments are Wealth, Corporate, Commercial and Institutional Banking, Consumer and Business Banking, Payment Services, and Treasury and Corporate Support. Wealth, Corporate, Commercial and Institutional Banking provides core banking, specialized lending, transaction and payment processing, capital markets, asset management and brokerage services to wealth, middle market, large corporate, commercial real estate, government and institutional clients. Consumer and Business Banking comprises consumer banking, small business banking and consumer lending, delivered through banking offices, telephone servicing and sales, online services, direct mail, ATMs, mobile devices, distributed mortgage loan officers and intermediary relationships including auto dealerships and mortgage banks. Payment Services includes consumer and business credit cards, stored-value cards, debit cards, corporate, government and purchasing card services and merchant processing.

Written from the business description in US BANCORP \DE\'s annual report to the U.S. Securities and Exchange Commission, filed 23 February 2026. Every sentence was checked against that document before publication.