US Bancorp Files 8-K on Preferred Stock and Notes
Ticker: USB-PQ · Form: 8-K · Filed: May 31, 2024 · CIK: 36104
Sentiment: neutral
Topics: preferred-stock, debt, financial-statements
Related Tickers: USB
TL;DR
USB filed an 8-K detailing its preferred stock and senior notes, including a 4.009% fixed-to-floating rate note.
AI Summary
On May 31, 2024, U.S. Bancorp (USB) filed an 8-K to report on other events and financial statements. The filing details various series of preferred stock, including Series A, B, K, L, M, O, and X, as well as senior notes with a fixed-to-floating rate of 4.009%. This filing serves as an update on the company's capital structure and financial instruments.
Why It Matters
This filing provides insight into U.S. Bancorp's capital structure, detailing various preferred stock series and senior notes, which can impact investor understanding of the company's financial health and risk profile.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of financial instruments and does not indicate any immediate or significant risks.
Key Numbers
- 4.009% — Fixed-to-Floating Rate (Interest rate on specific senior notes filed.)
Key Players & Entities
- US BANCORP \DE\ (company) — Filer
- Series A Non-Cumulative Perpetual Preferred Stock (company) — Financial Instrument
- Series B Preferred Stock (company) — Financial Instrument
- Series K Preferred Stock (company) — Financial Instrument
- Series L Preferred Stock (company) — Financial Instrument
- Series M Preferred Stock (company) — Financial Instrument
- Series O Preferred Stock (company) — Financial Instrument
- Series X (company) — Financial Instrument
- Senior Notes (company) — Financial Instrument
- 4.009PercentFixedToFloatingRate (dollar_amount) — Interest Rate on Senior Notes
FAQ
What is the par value of the Series A Non-Cumulative Perpetual Preferred Stock?
The par value is $1.00 per share.
What is the filing date of this 8-K?
The filing date is May 31, 2024.
What is the ticker symbol for U.S. Bancorp?
The filing does not explicitly state the ticker symbol, but U.S. Bancorp is commonly known as USB.
What is the primary business of U.S. Bancorp?
U.S. Bancorp is in the business of National Commercial Banks, as indicated by its SIC code 6021.
What is the interest rate structure of the M4.009PercentFixedToFloatingRate senior notes?
These senior notes have a fixed-to-floating rate structure, starting at 4.009%.
Filing Stats: 916 words · 4 min read · ~3 pages · Grade level 12.3 · Accepted 2024-05-31 08:38:04
Key Financial Figures
- $1.00 — ve Perpetual Preferred Stock, par value $1.00) USB PrA New York Stock Exchange
Filing Documents
- d823495d8k.htm (8-K) — 39KB
- 0001193125-24-151083.txt ( ) — 242KB
- usb-20240531.xsd (EX-101.SCH) — 4KB
- usb-20240531_def.xml (EX-101.DEF) — 16KB
- usb-20240531_lab.xml (EX-101.LAB) — 28KB
- usb-20240531_pre.xml (EX-101.PRE) — 17KB
- d823495d8k_htm.xml (XML) — 16KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. U.S. BANCORP By: /s/James L. Chosy James L. Chosy Senior Executive Vice President and General Counsel Date: May 31, 2024 3