U.S. Bancorp said the Federal Reserve notified it that its preliminary Stress Capital Buffer (SCB) requirement is 3.1%, based on the results of the Dodd-Frank Act Stress Test, the company said on June 28, 2024. The company said the Federal Reserve will notify it of the final SCB by August 31, 2024.

8-KOther EventsFiled Jul 1, 2024Period of report Jun 28, 2024Summary published (UTC) Oct 26, 2026

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AI summary

U.S. Bancorp said the Federal Reserve notified it that its preliminary Stress Capital Buffer (SCB) requirement is 3.1%, based on the results of the Dodd-Frank Act Stress Test, the company said on June 28, 2024. The company said the Federal Reserve will notify it of the final SCB by August 31, 2024.
The company said its CET1 capital to risk-weighted assets ratio under the Basel III standardized approach was 10.0% as of March 31, 2024, and that all of its regulatory ratios exceed well-capitalized requirements.
U.S. Bancorp said it plans to raise its quarterly common stock dividend by 2%, from $0.49 to $0.50 per share, effective in Q4 2024, subject to approval by its Board of Directors. The company also said its share repurchases are currently suspended, except for those made solely in connection with its stock-based compensation programs.

Summary

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Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call. Some paragraphs were omitted because their support in the source could not be confirmed.

Preliminary SCB Requirement of 3.1%

U.S. Bancorp said the Federal Reserve notified it that its preliminary Stress Capital Buffer (SCB) requirement is 3.1%, based on the results of the Dodd-Frank Act Stress Test, the company said on June 28, 2024. The company said the Federal Reserve will notify it of the final SCB by August 31, 2024.

Source · Based on the filing body and exhibits

CET1 Ratio Under Basel III Standardized Approach as of March 31, 2024 at 10.0%

The company said its CET1 capital to risk-weighted assets ratio under the Basel III standardized approach was 10.0% as of March 31, 2024, and that all of its regulatory ratios exceed well-capitalized requirements.

Source · Based on the filing body and exhibits

Planned Quarterly Dividend Increase and Suspended Share Repurchases

U.S. Bancorp said it plans to raise its quarterly common stock dividend by 2%, from $0.49 to $0.50 per share, effective in Q4 2024, subject to approval by its Board of Directors. The company also said its share repurchases are currently suspended, except for those made solely in connection with its stock-based compensation programs.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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