Company: USB-PA
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000036104-25-000028
Chunk: 211

Company: US BANCORP \DE\
Filing Date: 2025-05-06
Form: 10-Q
Chunk 211
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 excluding any premiums or discounts recorded related to the transfer of investment securities at fair value from available-for-sale to held-to-maturity. Yields include impacts of hedge accounting, including portfolio level basis adjustments.

(c) Interest income and rates on loans include loan fees. Nonaccrual loans are included in average loan balances.

(d) Interest expense and rates include interest paid on collateral associated with derivative positions.

| U.S. Bancorp |     | 69 |

# Part II — Other Information

## Item 1. Legal Proceedings

## — See the information set forth in “Litigation and Regulatory Matters” in Note 15 in the Notes to Consolidated Financial Statements on page 66of this Report, which is incorporated herein by reference.

## Item 1A. Risk Factors

## — There are a number of factors that may adversely affect the Company’s business, financial results or stock price. Refer to “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, for discussion of these risks.

## Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

## — See the information set forth in the “Capital Management” section on page 24of this Report for information regarding shares repurchased by the Company during the first quarter of 2025, which is incorporated herein by reference.

## Item 5. Other Information

## — During the three months ended March 31, 2025, no director or officer (as defined in SEC Rule 16a-1(f)) of the Company adoptedor terminateda “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408 of Regulation S-K.

## Item 6. Exhibits
| 3.1  
 3.2  
 10.1 
 10.2 |     | Restated Certificate of Incorporation (incorporated by reference to Exhibit 3.4 to the Company’s Form 8-K filed on April 20,2022).                                                                                                                                                                                                                                                                                                                                                        
 Amended and Restated Bylaws (incorporated by reference to Exhibit 3.1 to the Company’s Form 8-K filed on October 19,2023).                                                                                                                                                                                                                                                                                                                                                                
 2025 Amendment of U.S. Bancorp Executive Employees Deferred Compensation Plan (incorporated by reference to Exhibit 10.5(c)to the Company’s Form 10-K