USBNYSENational Commercial BanksFiscal year ends December 31Also trades as USB.PA, USB.PH, USB.PP, USB.PQ, USB.PR, USB.PS
US BANCORP DE
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$57.85−0.88 (-1.50%)
Close on Oct 19, 2026
- Market cap
- $89.96B
- P/E (TTM)
- 11.5
- Dividend yield
- 3.53%
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
1.28B
Shares held, 13F filers
Institutional holders
2,059
199 new, 95 sold out
Net institutional buying
33M
In Q2 2026
Insider trades, 12 months
0 buys · 7 sales
Net sold $12.64M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Vanguard Capital Management | 116,747,179 | 7.52% | 13G (passive) | Mar 31, 2026 |
| BlackRock, Inc. | 108,476,982 | 7.00% | 13G (passive) amendment | Dec 31, 2023 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of USB | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| BlackRock, Inc. | 127,137,222 | – | $7.68B | −1,231,537 | 0.11% |
| Vanguard Capital Management LLC | 101,302,511 | – | $6.12B | +418,106 | 0.13% |
| State Street Corp | 73,137,322 | – | $4.45B | +3,728,783 | 0.13% |
| JPMorgan Chase & Co | 59,686,029 | – | $3.66B | −1,997,338 | 0.20% |
| FMR LLC | 51,284,661 | – | $3.10B | −5,887,169 | 0.13% |
| Mufg Bank, Ltd. | 44,374,155 | – | $2.68B | – | 75.40% |
| Geode Capital Management, LLC | 39,253,077 | – | $2.36B | +813,433 | 0.13% |
| Morgan Stanley | 30,552,978 | – | $1.85B | +1,248,505 | 0.10% |
| Vanguard Portfolio Management LLC | 30,004,454 | – | $1.81B | +405,864 | 0.08% |
| Price T Rowe Associates Inc /Md/ | 25,023,715 | – | $1.51M | +149,687 | 0.15% |
| Davis Selected Advisers | 21,453,510 | – | $1.30B | −784,450 | 5.56% |
| Norges Bank | 19,940,331 | – | $1.20B | New | 0.12% |
| Invesco Ltd. | 19,796,411 | – | $1.20B | +2,582,718 | 0.09% |
| First Eagle Investment Management, LLC | 18,246,116 | – | $1.10B | +9,228,032 | 0.91% |
| Aristotle Capital Management, LLC | 17,593,197 | – | $1.06B | −1,154,042 | 2.23% |
| Northern Trust Corp | 17,142,016 | – | $1.04B | +218,779 | 0.12% |
| Royal Bank of Canada | 16,048,112 | – | $969.30M | −401,808 | 0.14% |
| Bank Of America Corp /De/ | 15,224,940 | – | $919.59M | −595,093 | 0.06% |
| Grantham, Mayo, Van Otterloo & Co. LLC | 14,885,214 | – | $899.07M | −4,228,429 | 2.02% |
| Goldman Sachs Group Inc | 14,686,566 | – | $887.07M | +1,344,186 | 0.08% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|
| Q2 2026 | 2,059 | 1.28B | 199 / 757 | 768 / 95 | 89M | 56M |
| Q1 2026 | 1,981 | 1.25B | 143 / 785 | 726 / 140 | 235M | 102M |
| Q4 2025 | 2,011 | 1.27B | 283 / 712 | 727 / 104 | 111M | 97M |
| Q3 2025 | 1,871 | 1.26B | 158 / 700 | 699 / 98 | 102M | 114M |
| Q2 2025 | 1,839 | 1.27B | 163 / 709 | 709 / 117 | 114M | 82M |
| Q1 2025 | 1,821 | 1.24B | 162 / 678 | 711 / 165 | 88M | 102M |
| Q4 2024 | 1,853 | 1.26B | 261 / 627 | 697 / 90 | 96M | 90M |
| Q3 2024 | 1,718 | 1.26B | 152 / 630 | 685 / 88 | 192M | 90M |
| Q2 2024 | 1,675 | 1.27B | 135 / 599 | 673 / 141 | 59M | 109M |
| Q1 2024 | 1,704 | 1.32B | 131 / 650 | 689 / 113 | 85M | 60M |
| Q4 2023 | 1,711 | 1.30B | 247 / 514 | 757 / 85 | 151M | 68M |
| Q3 2023 | 1,573 | 1.22B | 110 / 630 | 612 / 110 | 132M | 92M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of USB | Value | % of fund | As of |
|---|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | 49,270,426 | – | $2.98B | 0.13% | Jun 30, 2026 |
| Vanguard 500 Index Fund | 40,224,695 | – | $2.43B | 0.15% | Jun 30, 2026 |
| iShares Core S&P 500 ETF | 21,351,998 | – | $1.29B | 0.15% | Jun 30, 2026 |
| Fidelity 500 Index Fund | 19,892,044 | – | $1.09B | 0.13% | May 31, 2026 |
| Vanguard Value Index Fund | 14,771,673 | – | $892.21M | 0.35% | Jun 30, 2026 |
| Vanguard Windsor Ii Fund | 12,456,800 | – | $784.90M | 1.18% | Jul 31, 2026 |
| State Street(R) Financial Select Sector SPDR(R) ETF | 10,499,405 | – | $634.16M | 1.23% | Jun 30, 2026 |
| Vanguard Institutional Index Fund | 8,427,326 | – | $509.01M | 0.15% | Jun 30, 2026 |
| Strategic Advisers Fidelity U.S. Total Stock Fund | 8,214,133 | – | $450.55M | 0.18% | May 31, 2026 |
| JPMorgan Equity Income Fund | 6,721,147 | – | $405.96M | 0.93% | Jun 30, 2026 |
| Federated Hermes Strategic Value Dividend Fund | 6,518,491 | – | $410.73M | 4.12% | Jul 31, 2026 |
| Davis New York Venture Fund | 6,507,680 | – | $410.05M | 5.36% | Jul 31, 2026 |
| Franklin Income Fund | 6,500,000 | – | $392.60M | 0.50% | Jun 30, 2026 |
| First Trust Rising Dividend Achievers ETF | 6,318,986 | – | $381.67M | 1.56% | Jun 30, 2026 |
| Vanguard High Dividend Yield Index Fund | 6,265,760 | – | $394.81M | 0.40% | Jul 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | Latest filing |
|---|---|---|---|
| Gunjan Kedia | President & CEO, Director | 453,529 | Aug 31, 2026 |
| James L. Chosy | Senior EVP and General Counsel | 252,684 | Jul 24, 2026 |
| Stephen L. Philipson | Vice Chair | 75,478 | Jul 22, 2026 |
| Venkatachari Dilip | SEVP & Chief Info & Tech Off | 51,292 | May 6, 2026 |
| Jodi L. Richard | Vice Chair | 207,251 | Apr 22, 2026 |
| Courtney Kelso | Sr. Exec. VP | 25,354 | Mar 9, 2026 |
| Mark G. Runkel | Vice Chair | 121,237 | Mar 9, 2026 |
| Lisa R. Stark | EVP and Controller | 54,391 | Mar 9, 2026 |
| Elcio R.T. Barcelos | Senior EVP, Chief HR Officer | 119,922 | Mar 9, 2026 |
| Souheil Badran | SEVP, Chief Operations Officer | 100,798 | Mar 9, 2026 |
| John C. Stern | Vice Chair and CFO | 107,485 | Mar 9, 2026 |
| Arijit Roy | Sr. Exec. VP | 47,412 | Mar 9, 2026 |
| Terrance R. Dolan | Vice Chair | 251,625 | Mar 4, 2025 |
| Yusuf I. Mehdi | Director | – | Apr 27, 2026 |
| Dorothy J. Bridges | Director | – | Apr 27, 2026 |
| Aleem Gillani | Director | 15,000 | Apr 27, 2026 |
| Roland A. Hernandez | Director | – | Apr 27, 2026 |
| John Wiehoff | Director | – | Apr 27, 2026 |
| Kimberly N. Ellison-Taylor | Director | – | Apr 27, 2026 |
| Alan B. Colberg | Director | 10,050 | Apr 27, 2026 |
| Elizabeth Buse | Director | – | Apr 27, 2026 |
| Loretta E. Reynolds | Director | – | Apr 27, 2026 |
| Warner L. Baxter | Director | – | Apr 27, 2026 |
| Richard P. McKenney | Director | 20,000 | Apr 27, 2026 |
| Andrew Cecere | Director | 1,420,320 | Mar 3, 2026 |
| Scott W. Wine | Director | 30,838 | Dec 17, 2024 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Gunjan Kedia President & CEO, Director | Aug 28, 2026 | Option exercise | +27,267 | $55.01 | $1.50M | 453,529 |
| Gunjan Kedia President & CEO, Director | Aug 28, 2026 | Sale | −27,267 | $62.37 | $1.70M | 426,262 |
| James L. Chosy Senior EVP and General Counsel | Jul 23, 2026 | Sale | −22,968 | $63.28 | $1.45M | 252,684 |
| James L. Chosy Senior EVP and General Counsel | Jul 23, 2026 | Option exercise | +24,711 | $55.01 | $1.36M | 275,652 |
| James L. Chosy Senior EVP and General Counsel | Jul 21, 2026 | Gift | −3,969 | – | – | 250,941 |
| Stephen L. Philipson Vice Chair | Jul 20, 2026 | Sale | −36,906 | $63.08 | $2.33M | 74,969 |
| Venkatachari Dilip SEVP & Chief Info & Tech Off | May 5, 2026 | Sale | −34,522 | $55.52 | $1.92M | 51,292 |
| Jodi L. Richard Vice Chair | Apr 21, 2026 | Sale | −40,000 | $57.00 | $2.28M | 207,251 |
| Souheil Badran SEVP, Chief Operations Officer | Mar 5, 2026 | Award | +19,291 | – | – | 100,798 |
| John C. Stern Vice Chair and CFO | Mar 5, 2026 | Award | +25,227 | – | – | 107,485 |
| Stephen L. Philipson Vice Chair | Mar 5, 2026 | Award | +28,195 | – | – | 111,830 |
| Mark G. Runkel Vice Chair | Mar 5, 2026 | Award | +13,356 | – | – | 117,933 |
| Arijit Roy Sr. Exec. VP | Mar 5, 2026 | Award | +13,356 | – | – | 47,412 |
| James L. Chosy Senior EVP and General Counsel | Mar 5, 2026 | Award | +22,259 | – | – | 254,910 |
| Venkatachari Dilip SEVP & Chief Info & Tech Off | Mar 5, 2026 | Award | +17,807 | – | – | 85,814 |
| Lisa R. Stark EVP and Controller | Mar 5, 2026 | Award | +15,767 | – | – | 53,166 |
| Elcio R.T. Barcelos Senior EVP, Chief HR Officer | Mar 5, 2026 | Award | +22,259 | – | – | 119,922 |
| Courtney Kelso Sr. Exec. VP | Mar 5, 2026 | Award | +13,356 | – | – | 25,354 |
| Jodi L. Richard Vice Chair | Mar 5, 2026 | Award | +29,679 | – | – | 247,251 |
| Gunjan Kedia President & CEO, Director | Mar 5, 2026 | Award | +100,167 | – | – | 426,262 |
| Lisa R. Stark EVP and Controller | Mar 2, 2026 | Tax withholding | −1,236 | $54.66 | $67.56K | 37,399 |
| Venkatachari Dilip SEVP & Chief Info & Tech Off | Mar 2, 2026 | Tax withholding | −3,556 | $54.66 | $194.37K | 68,007 |
| James L. Chosy Senior EVP and General Counsel | Mar 2, 2026 | Tax withholding | −17,227 | $54.66 | $941.63K | 232,651 |
| Jodi L. Richard Vice Chair | Mar 2, 2026 | Tax withholding | −21,552 | $54.66 | $1.18M | 217,572 |
| Elcio R.T. Barcelos Senior EVP, Chief HR Officer | Mar 2, 2026 | Tax withholding | −15,818 | $54.66 | $864.61K | 97,663 |
| Mark G. Runkel Vice Chair | Mar 2, 2026 | Tax withholding | −8,701 | $54.66 | $475.60K | 104,577 |
| Gunjan Kedia President & CEO, Director | Mar 2, 2026 | Tax withholding | −28,703 | $54.66 | $1.57M | 326,095 |
| Stephen L. Philipson Vice Chair | Mar 2, 2026 | Tax withholding | −3,218 | $54.66 | $175.90K | 83,635 |
| Arijit Roy Sr. Exec. VP | Mar 2, 2026 | Tax withholding | −1,145 | $54.66 | $62.59K | 34,056 |
| Souheil Badran SEVP, Chief Operations Officer | Mar 2, 2026 | Tax withholding | −17,884 | $54.66 | $977.54K | 81,507 |
| Andrew Cecere Director | Mar 2, 2026 | Tax withholding | −83,684 | $54.66 | $4.57M | 1,404,824 |
| John C. Stern Vice Chair and CFO | Mar 2, 2026 | Tax withholding | −1,950 | $54.66 | $106.59K | 82,258 |
| Lisa R. Stark EVP and Controller | Feb 28, 2026 | Tax withholding | −1,685 | $54.66 | $92.10K | 38,635 |
| Venkatachari Dilip SEVP & Chief Info & Tech Off | Feb 28, 2026 | Tax withholding | −1,976 | $54.66 | $108.01K | 71,563 |
| James L. Chosy Senior EVP and General Counsel | Feb 28, 2026 | Tax withholding | −2,222 | $54.66 | $121.45K | 249,878 |
| Jodi L. Richard Vice Chair | Feb 28, 2026 | Tax withholding | −5,443 | $54.66 | $297.51K | 239,124 |
| Elcio R.T. Barcelos Senior EVP, Chief HR Officer | Feb 28, 2026 | Tax withholding | −3,483 | $54.66 | $190.38K | 113,481 |
| Mark G. Runkel Vice Chair | Feb 28, 2026 | Tax withholding | −2,152 | $54.66 | $117.63K | 113,278 |
| Gunjan Kedia President & CEO, Director | Feb 28, 2026 | Tax withholding | −9,562 | $54.66 | $522.66K | 354,798 |
| Stephen L. Philipson Vice Chair | Feb 28, 2026 | Tax withholding | −8,990 | $54.66 | $491.39K | 86,853 |
| Arijit Roy Sr. Exec. VP | Feb 28, 2026 | Tax withholding | −1,739 | $54.66 | $95.05K | 35,201 |
| Souheil Badran SEVP, Chief Operations Officer | Feb 28, 2026 | Tax withholding | −3,678 | $54.66 | $201.04K | 99,391 |
| Andrew Cecere Director | Feb 28, 2026 | Tax withholding | −14,967 | $54.66 | $818.10K | 1,488,508 |
| John C. Stern Vice Chair and CFO | Feb 28, 2026 | Tax withholding | −2,600 | $54.66 | $142.12K | 84,208 |
| Lisa R. Stark EVP and Controller | Feb 27, 2026 | Tax withholding | −1,819 | $57.26 | $104.16K | 40,320 |
| Venkatachari Dilip SEVP & Chief Info & Tech Off | Feb 27, 2026 | Tax withholding | −2,218 | $57.26 | $127.00K | 73,539 |
| James L. Chosy Senior EVP and General Counsel | Feb 27, 2026 | Tax withholding | −2,098 | $57.26 | $120.13K | 252,100 |
| Jodi L. Richard Vice Chair | Feb 27, 2026 | Tax withholding | −3,223 | $57.26 | $184.55K | 244,567 |
| Elcio R.T. Barcelos Senior EVP, Chief HR Officer | Feb 27, 2026 | Tax withholding | −2,440 | $57.26 | $139.71K | 116,964 |
| Mark G. Runkel Vice Chair | Feb 27, 2026 | Tax withholding | −1,397 | $57.26 | $79.99K | 115,430 |
| Gunjan Kedia President & CEO, Director | Feb 27, 2026 | Tax withholding | −10,961 | $57.26 | $627.63K | 364,360 |
| Stephen L. Philipson Vice Chair | Feb 27, 2026 | Tax withholding | −2,881 | $57.26 | $164.97K | 95,843 |
| Courtney Kelso Sr. Exec. VP | Feb 27, 2026 | Tax withholding | −1,845 | $57.26 | $105.64K | 11,998 |
| Arijit Roy Sr. Exec. VP | Feb 27, 2026 | Tax withholding | −1,379 | $57.26 | $78.96K | 36,940 |
| Souheil Badran SEVP, Chief Operations Officer | Feb 27, 2026 | Tax withholding | −2,326 | $57.26 | $133.19K | 103,069 |
| Andrew Cecere Director | Feb 27, 2026 | Tax withholding | −11,208 | $57.26 | $641.77K | 1,503,475 |
| John C. Stern Vice Chair and CFO | Feb 27, 2026 | Tax withholding | −2,627 | $57.26 | $150.42K | 86,808 |
| Andrew Cecere Director | Feb 11, 2026 | Award | +154,269 | – | – | 1,514,683 |
| James L. Chosy Senior EVP and General Counsel | Feb 11, 2026 | Award | +32,323 | – | – | 254,198 |
| Jodi L. Richard Vice Chair | Feb 11, 2026 | Award | +41,138 | – | – | 247,790 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Gunjan Kedia Officer, Director | Aug 28, 2026 | 27,267 | $1.70M | Aug 28, 2026 | Stock Option Exercise |
| James L. Chosy Officer | Jul 23, 2026 | 22,968 | $1.45M | Jul 23, 2026 | Stock Option Exercise |
| Stephen L. Philipson Officer | Jul 20, 2026 | 36,906 | $2.33M | Jul 20, 2026 | Restricted Stock Vesting |
| Venkatachari Dilip Officer | May 5, 2026 | 34,522 | $1.92M | May 5, 2026 | Restricted Stock Vesting |
| Jodi L. Richard Officer | Apr 21, 2026 | 40,000 | $2.28M | Apr 21, 2026 | Restricted Stock Vesting |
| Mark G. Runkel Officer | Feb 6, 2026 | 32,195 | $1.95M | Feb 6, 2026 | Option Granted 02/16/2017 |
| Elcio R.T. Barcelos Officer | Feb 3, 2026 | 17,204 | $1.01M | Feb 3, 2026 | Restricted Stock Vesting |
| Andrew Cecere Director | Oct 20, 2025 | 140,445 | $6.51M | Oct 20, 2025 | Options Granted - 02/18/2016 |
| James L. Chosy Officer | Oct 20, 2025 | 26,909 | $1.26M | Oct 20, 2025 | Option Granted - 02/18/2016 |
| Lisa R. Stark Officer | Jul 21, 2025 | 19,903 | $923.40K | Jul 21, 2025 | Restricted Stock Vesting |
| Souheil Badran Officer | Jul 21, 2025 | 23,727 | $1.10M | Jul 21, 2025 | Restricted Stock Vesting |
| Arijit Roy Officer | Mar 7, 2025 | 2,237 | $97.70K | Mar 7, 2025 | Restricted Stock Vesting |
| Terrance R. Dolan Officer | Feb 13, 2025 | 25,000 | $1.17M | Feb 13, 2025 | Restricted Stock Vesting |
| Jodi L. Richard Officer | Feb 6, 2025 | 30,000 | $1.43M | Feb 6, 2025 | Restricted Stock Vesting |
| James L. Chosy Officer | Feb 5, 2025 | 21,451 | $1.02M | Feb 5, 2025 | Option Granted - 02/19/2015 |