U.S. Bank
U.S. Bank reported total assets of $705.6 bn at Q2 2026, up 5.1% on a year earlier, the 6th largest of 497 banks in our US coverage. The CET1 capital ratio at U.S. Bank was 12.91%, and the uninsured share of U.S. Bank was 53.09%. Source: FDIC Call Reports.
Key takeaways
- On common equity tier 1 (CET1) ratio, U.S. Bank slipped from 209th to 241st among 448 US banks between and (1 = highest; FDIC Call Reports).
- Since , U.S. Bank has taken over one institution; the latest was MUFG Union Bank, National Association on (FDIC Call Reports).
What sets U.S. Bank apart
How large is U.S. Bank?
The balance sheet of U.S. Bank at : assets $705.6 bn, deposits $541.9 bn, net loans $405.7 bn (loans equal to 74.87% of deposits). Securities make up 23.0% of total assets at U.S. Bank. Since , when U.S. Bank held $423.2 bn, its assets grew 66.7%. In the year to , deposits at U.S. Bank rose 2.3% while its total assets rose 5.1%. At , U.S. Bank employed 65,445 full-time equivalent staff across 2,098 offices, about $10.8 mn of assets per employee and $258.3 mn of deposits per office.
How much funding at U.S. Bank is uninsured?
At U.S. Bank, uninsured deposits (above the FDIC limit) made up 53.09% of domestic deposits at (+2.77 pp on a year earlier); U.S. Bank ranks 63rd of 500 on this measure. In dollars, U.S. Bank estimated $282.9 bn of uninsured deposits.
Key facts, Q2 2026
| Metric | Value | Change from a year earlier | US rank |
|---|---|---|---|
| Total deposits | $541.9 bn | +2.3% | 5th of 499 |
| Net loans and leases | $405.7 bn | +8.2% | 6th of 500 |
| Loan-to-deposit ratio | 74.87% | +4.10 pp | 387th of 500 |
| Tier 1 leverage ratio | 9.49% | +0.14 pp | 374th of 500 |
| Total risk-based capital ratio | 14.94% | -0.65 pp | 176th of 448 |
| Net interest margin | 2.87% | +0.04 pp | 428th of 500 |
| Return on assets (ROA) | 1.23% | +0.12 pp | 296th of 500 |
| Efficiency ratio | 54.65% | -2.15 pp | 218th of 500 (1 = lowest) |
| Unrealized gain/loss on held-to-maturity securities | Loss of $9.5 bn | Narrowed by $1.4 bn | |
| Unrealized gain/loss on available-for-sale securities | Loss of $4.4 bn | Narrowed by $1.6 bn | |
| Noncurrent loans to total loans | 1.45% | +0.20 pp | 419th of 500 (1 = lowest) |
| Net charge-offs to average loans | 0.54% | -0.04 pp | 444th of 500 (1 = lowest) |
US rank of U.S. Bank: 1 = highest unless marked 1 = lowest.
Balance sheet
U.S. Bank: assets, deposits and loans
- Total assets $706bn
- Deposits $542bn
- Net loans $406bn
Capital and securities
The CET1 ratio of U.S. Bank stood at 12.91% in , -0.43 pp year on year. Low and high at U.S. Bank since : 10.08% () to 13.55% (). Equity capital of U.S. Bank at : $68.8 bn, or 9.8% of total assets. U.S. Bank also reported a total capital ratio of 14.94% for , and a tier 1 leverage ratio of 9.49%.
On held-to-maturity securities, U.S. Bank carried an unrealized loss of $9.5 bn at , equal to 13.7% of equity capital. The loss narrowed by $1.4 bn over the year. Its deepest point: $15.0 bn in . The available-for-sale portfolio of U.S. Bank showed an unrealized loss of $4.4 bn at ; the loss narrowed by $1.6 bn over the year.
U.S. Bank: capital ratios
- Total capital 15%
- CET1 13%
- Tier 1 leverage 9.5%
U.S. Bank: unrealized securities gains and losses
- Available for sale -$4.4bn
- Held to maturity -$9.5bn
Profitability and loan quality
For the year to , U.S. Bank earned a return on equity of 12.38%; return on assets: 1.23%. Net interest margin at U.S. Bank: 2.87%, +0.04 pp in a year. U.S. Bank net income: $4.2 bn, up 14.3% year on year. The efficiency ratio of U.S. Bank was 54.65%: about 55 cents cost per revenue dollar, against 52 cents at the median peer.
At , noncurrent loans were 1.45% of total loans at U.S. Bank; net charge-offs: 0.54% of average loans. Gross loans and leases at U.S. Bank: $413.3 bn, up 8.1% in a year.
U.S. Bank: profitability
- Return on equity 12%
- Net interest margin 2.9%
- Return on assets 1.2%
Peer group of U.S. Bank
The peer group of U.S. Bank is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 4 share the charter type of U.S. Bank (national bank), 6 sit in the same size group (over $100 bn) and 0 have head offices in Ohio. Against them, U.S. Bank shows CET1 ratio 12.91% against a peer median of 12.66%, return on equity 12.38% against a peer median of 12.14% and uninsured deposit share 53.09% against a peer median of 45.07%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| Citibank | National bank | SD | $1,976.2 bn | 13.79% | 11.69% | 82.47% | |
| Wells Fargo Bank | National bank | SD | $1,907.9 bn | 12.06% | 14.88% | 50.57% | |
| Goldman Sachs Bank USA | State member bank | NY | $758.8 bn | 13.48% | 13.72% | 45.23% | |
| U.S. Bank | National bank | OH | $705.6 bn | 12.91% | 12.38% | 53.09% | |
| Capital One | National bank | VA | $662.2 bn | 13.21% | 11.35% | 20.82% | |
| PNC Bank | National bank | DE | $609.8 bn | 11.20% | 12.59% | 44.83% | |
| Truist Bank | State nonmember bank | NC | $548.3 bn | 12.11% | 10.00% | 44.91% | |
. FDIC Call Reports.
Last eight quarters
Two years at U.S. Bank, to : assets +5.3%, deposits +2.3%, equity +7.1%. Staff 69,060 to 65,445; offices 2,220 to 2,098.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $670.0 bn | $662.9 bn | $659.2 bn | $671.4 bn | $679.3 bn | $676.1 bn | $683.4 bn | $705.6 bn |
| Total deposits | $529.7 bn | $528.5 bn | $523.1 bn | $529.9 bn | $537.7 bn | $533.5 bn | $539.8 bn | $541.9 bn |
| Bank equity capital | $64.3 bn | $63.5 bn | $64.5 bn | $65.4 bn | $66.8 bn | $68.0 bn | $68.0 bn | $68.8 bn |
| CET1 ratio | 13.55% | 13.50% | 13.53% | 13.34% | 13.38% | 13.02% | 12.88% | 12.91% |
| Return on equity (ROE) | 10.05% | 10.32% | 10.96% | 11.46% | 11.77% | 12.02% | 11.72% | 12.38% |
| Uninsured share of domestic deposits | 50.95% | 50.18% | 49.93% | 50.31% | 51.73% | 52.20% | 52.38% | 53.09% |
| Full-time equivalent employees | 69,060 | 67,587 | 67,233 | 66,752 | 66,298 | 65,974 | 65,495 | 65,445 |
| Number of offices | 2,220 | 2,198 | 2,153 | 2,117 | 2,116 | 2,110 | 2,101 | 2,098 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of U.S. Bank, oldest first; figures before and after each event are not like for like.
- . Absorbed MUFG Union Bank, National Association (FDIC certificate 22826).
Questions and identifiers
What were the total assets of U.S. Bank?
U.S. Bank reported $705.6 bn at in its Call Report. That makes U.S. Bank the 6th largest of 497 banks in our US coverage.
Is U.S. Bank the same as its holding company?
No. This page covers U.S. Bank, FDIC certificate 6548; U S BCORP (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is U.S. Bank profitable?
U.S. Bank reported net income of $4.2 bn for the year to ; annualized return on equity: 12.38%. So yes: U.S. Bank made a profit over these months.
When is data for U.S. Bank next updated?
Figures from U.S. Bank for are due after .
Where can I check the figures for U.S. Bank?
In the FDIC BankFind Suite record for certificate 6548, and in the Call Reports of U.S. Bank (RSSD ID 504713) at the FFIEC Central Data Repository.