U
USB-P-P
NOW TRADING POST CALL DATE
About this security
USB-P-P is a 5.5% non-cumulative perpetual preferred stock issued by US BANCORP \DE\, a Banks issuer. $25 liquidation preference, current yield 6.31%, callable from 2023-10-15.
US BANCORP \DE\: U.S. Bancorp is the parent company of U.S. Bank, one of the largest commercial banks in the United States, providing deposit-taking, lending, and everyday money movement services to consumers and businesses. The company operates through four segments: Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support. Headquartered in Minneapolis, Minnesota, it employs over 70,000 people and operates approximately 3,000 branches across 26 states. Revenue is generated through interest on loans and securities as well as fees from card processing, merchant acquiring, treasury management, and investment and trust administration, giving the company a business model that combines traditional banking with a sizable payments franchise. ↗
Key Stats ✓ terms from SEC 424B5 — verify via link below
vs. Banks category (71 issues): yield 6.31% vs avg 6.43% · discount -12.8% vs avg -15.4%
Quote
| USB-P-P (preferred) | USB (common) | |
|---|---|---|
| Last | $21.80 | $58.94 |
| Change | — | — |
| Open | $21.72 | $58.32 |
| High / Low | $21.94 / $21.71 | $59.28 / $58.08 |
| Prev Close | — | — |
| Volume | 54,119 | 9,179,692 |
| 52-Week High / Low | $24.98 / $21.29 | $61.19 / $42.55 |
52-week range based on available history. Shares outstanding / market cap require a fundamentals feed (not in current data plan).
Price
Dividend History
| Ex-Date | Amount / Share |
|---|---|
| 2026-03-31 | $0.343750 |
| 2025-12-31 | $0.343750 |
| 2025-09-30 | $0.343750 |
| 2025-06-30 | $0.343750 |
| 2025-03-31 | $0.343750 |
| 2024-12-31 | $0.343750 |
| 2024-09-30 | $0.343750 |
| 2024-06-28 | $0.343750 |
| 2024-03-27 | $0.343750 |
| 2023-12-28 | $0.343750 |
| 2023-09-28 | $0.343750 |
| 2023-06-29 | $0.343750 |
Performance — $10K Calculator
Dividends reinvested (DRIP) at the close on each ex-date. Full performance page →
Prospectus (SEC 424B5)
U.S. Bancorp is offering 23,000,000 depositary shares, each representing a 1/1,000th ownership interest in a share of Series K Non-Cumulative Perpetual Preferred Stock, $1.00 par value, with a liquidation preference of $25,000 per share (equivalent to $25 per depositary share) (the "Series K Preferred Stock").
Use of proceeds: Net proceeds will be used for general corporate purposes, and pending such use may be temporarily invested or used to reduce short-term indebtedness.
Other Securities from US BANCORP \DE\
| Symbol | Type | Coupon | Price | Yield |
|---|---|---|---|---|
| USB-P-A | preferred | — | 763.50 | 6.49% |
| USB-P-H | preferred | — | 18.74 | 6.05% |
| USB-P-Q | preferred | 3.750% | 14.91 | 6.29% |
| USB-P-R | preferred | 4.000% | 15.64 | 6.39% |
| USB-P-S | preferred | 4.500% | 17.66 | 6.37% |
News — US BANCORP \DE\
- Do U.S. Bancorp’s (USB) New Long-Dated Notes Quietly Redefine Its Funding and Earnings Mix? — simplywall.st · Jun 15, 2026
- Investment Analysts’ New Coverage for June 15th (BRAI, CFG, DD, ESE, FITB, HBAN, KDK, KEY, LCLN, PNC) — thelincolnianonline.com · Jun 15, 2026
- U.S. Bancorp (NYSE:USB) Now Covered by Analysts at Stephens — thelincolnianonline.com · Jun 15, 2026
- U.S. Bancorp (USB) Coverage Resumed with $63 Target — gurufocus.com · Jun 15, 2026
- Barclays Agrees to Acquire GoHenry U.K. Unit, Boost Youth Banking — finance.yahoo.com · Jun 15, 2026
- State Street Corp Buys 522,368 Shares of U.S. Bancorp $USB — thelincolnianonline.com · Jun 13, 2026
- Logan Capital Management Inc. Has $7.79 Million Stake in U.S. Bancorp $USB — thelincolnianonline.com · Jun 12, 2026
- Why Are Financial Stocks Drawing Fresh Attention in June 2026? — kalkinemedia.com · Jun 10, 2026
Issuer news via Tiingo, tagged to USB.
Related Articles
- USB-P-P: US BANCORP \DE\ 5.5% Series P Preferred Stock
- USB-P-A: US BANCORP \DE\ a fixed Series A Preferred Stock
- USB-P-H: US BANCORP \DE\ 4.969% Series H Preferred Stock
- USB-P-Q: US BANCORP \DE\ 3.75% Series Q Preferred Stock
- USB-P-R: US BANCORP \DE\ 4% Series R Preferred Stock
- USB-P-S: US BANCORP \DE\ 4.5% Series S Preferred Stock