U.S. Bancorp Furnishes Financial Statement Reclassification Details

Summary

U.S. Bancorp, effective January 1, 2026, made certain changes and reclassifications to the presentation of its Consolidated Statement of Income and Consolidated Balance Sheet to align financial reporting with business management (via Ex. 99.1). These changes have no impact on historical total net revenues, net income, total loans, total assets, or diluted earnings per common share. * Corporate payment products revenue was renamed Corporate payment and treasury management revenue, now including treasury management services and stored-value card revenue. * Card revenue from debit cards moved from the Payment Services business segment to the Consumer and Business Banking business segment. * Service charges was renamed Lending and deposit-related fees, now including loan and leasing fees. * Small business credit card loans were reclassified from the Commercial loan portfolio.

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Key Quote

“Bancorp ("the Company") made certain changes and reclassifications to the presentation of its Consolidated Statement of Income and Consolidated Balance Sheet.”

— From Item 7.01

Filing Details