USB

US Bancorp
D

USB

Arincen67/100B

US Bancorp company profile

CEO
Gunjan Kedia
Employees
68,520
Headquarters
800 Nicollet Mall, Minneapolis, MN 55402, US
Sector
Financial Services
Industry
Banks - Regional
IPO date
3 May 1973
Stock exchange
NYSE
ISIN
US9029733048

Website:usbank.com

About the company

U.S. Bancorp (USB) functions as a broad-based financial services holding company, delivering a comprehensive spectrum of banking and financial solutions throughout the United States. Its diverse customer base includes individual consumers, various businesses, institutional organizations, governmental bodies, and other financial entities. The company organizes its operations across key segments: Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support. Its offerings encompass fundamental depository services such as checking accounts, savings accounts, and time certificates. U.S. Bancorp also extends a variety of credit facilities, including traditional lending products, credit card services, lease financing, support for import/export trade, asset-backed lending, and agricultural finance. Furthermore, it provides supplementary services like capital markets access, treasury management, and receivable lock-box collection for its corporate and governmental clients. The firm also offers a full suite of asset management and fiduciary services designed for individuals, estates, foundations, corporations, and charitable organizations. Beyond these, the company supplies investment and insurance products, predominantly to customers within its operating regions, and delivers fund administration services to a range of mutual and other investment funds. Its portfolio also includes corporate and purchasing card services, corporate trust management, and merchant processing. U.S. Bancorp's capabilities additionally span investment management, ATM network operation, mortgage banking, insurance provision, brokerage activities, and leasing services. As of December 31, 2021, the company distributed its products and services through a physical network of 2,230 banking branches, mainly concentrated in the Midwest and Western United States. Digital access was also extensively provided via online platforms, mobile devices, and other electronic channels. Additionally, it managed a network of 4,059 ATMs. Founded in 1863, U.S. Bancorp is headquartered in Minneapolis, Minnesota.

Employees

US Bancorp had about 68,520 employees at the end of fiscal year 2025 (31 December 2025), by its annual report. That is 2.5% fewer than a year before.

Employees Change on the year
Fiscal yearEmployeesChange on the yearRevenue per employeeNet income per employee
FY202568,520-2.48%416.52K USD110.57K USD
FY202470,263-6.89%389.04K USD89.65K USD
FY202375,465-3.49%371.21K USD71.94K USD
FY202278,192+13.66%309.29K USD74.50K USD
FY202168,796+1.01%330.27K USD115.75K USD
FY202068,108-2.22%341.02K USD72.81K USD
FY201969,651-5.02%328.54K USD99.27K USD
FY201873,333+1.29%307.11K USD96.76K USD
FY201772,402+1.70%299.67K USD85.88K USD
FY201671,191+8.80%294.36K USD82.71K USD
FY201565,433-1.97%305.18K USD89.85K USD
FY201466,750+1.81%298.71K USD87.66K USD
FY201365,565+1.67%295.55K USD89.01K USD
FY201264,486+3.13%311.14K USD87.57K USD
FY201162,529+3.21%301.99K USD77.92K USD
FY201060,584—296.10K USD54.75K USD
FY20090———
FY20080———
FY20070-100.00%——
FY200650,000+0.64%273.86K USD95.02K USD
FY200549,684+1.75%263.67K USD90.35K USD
FY200448,831-4.96%258.65K USD85.34K USD
FY200351,377-0.57%243.34K USD72.65K USD
FY200251,673+2.40%232.71K USD61.31K USD
FY200150,461+74.31%218.39K USD29.31K USD
FY200028,949+7.65%377.66K USD99.33K USD
FY199926,891+5.35%223.84K USD56.02K USD
FY199825,526-1.28%208.31K USD52.00K USD
FY199725,858+99.28%134.12K USD29.42K USD
FY199612,976-1.93%144.40K USD32.01K USD
FY199513,231+10.29%39.02K USD10.32K USD
FY199411,997-2.46%38.60K USD9.72K USD
FY199312,300—138.41K USD24.23K USD

Employees at each fiscal year end, as the company reports them in its annual report (10-K); revenue and net income per employee are the fiscal year's over that count.

Who owns US Bancorp

Institutions such as funds, banks and insurers held 82.6% of US Bancorp's shares on 30 June 2026, 2,150 of them reporting holdings to the SEC; the rest is held by individual investors and other shareholders.

Institutions 82.6%Other shareholders 17.4%

Shares free to trade

Free float 1.55B shares ·99.7% Closely held 4.53M shares ·0.3%

Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.

Common questions about US Bancorp

Source: Financial Modeling Prep