U.S. Bancorp said that effective January 1, 2026, it made certain changes and reclassifications to the presentation of its Consolidated Statement of Income and Consolidated Balance Sheet. The company said the changes align financial reporting with the management of its businesses.

1. 01

   U.S. Bancorp said that effective January 1, 2026, it made certain changes and reclassifications to the presentation of its Consolidated Statement of Income and Consolidated Balance Sheet. The company said the changes align financial reporting with the management of its businesses.

2. 02

   The company renamed Corporate payment products revenue to Corporate payment and treasury management revenue and Service charges to Lending and deposit-related fees. It moved treasury management services and stored-value card revenue to the former and loan and leasing fees from Capital markets revenue to the latter.

3. 03

   U.S. Bancorp said it reclassified small business credit card loans from the Commercial loan portfolio to the Credit card loan portfolio because these loans share similar credit characteristics to consumer credit card loans. The company also moved its Impact Finance business unit from the Treasury and Corporate Support business segment to the Wealth, Corporate, Commercial and Institutional Banking business segment.

4. 04

   U.S. Bancorp said the changes have no impact on its historical total net revenues, provision for credit losses, operating expenses, net income, total loans and total assets. As of April 8, 2026, the company provided unaudited supplemental financial information conforming historical financial statement presentation to the new presentation as Exhibit 99.1 and said it did not revise or restate previously reported consolidated financial results.

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Original filing

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