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USB-P-S

US BANCORP \DE\ · Series O · Banks
Also quoted as: USB-S, USBprS, USB.PRS, USB-PS, USBpS
$17.68
last price

About this security

USB-P-S is a 4.5% non-cumulative perpetual preferred stock issued by US BANCORP \DE\, a Banks issuer. $25 liquidation preference, current yield 6.36%, callable from 2027-04-15.

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. ↗

Issuer page — all US BANCORP \DE\ securities & profile →

Key Stats ✓ terms from SEC filing — verify via link below ✓ verified against SEC filing

live page · rendered 22:50:04 UTC · refreshes from the market feed on each visit · last SEC-verified 2026-06-16
Current Yield
6.36%
Annual Dividend
$1.1250
Recent Market Price
$17.68
as of 2026-06-16
Disc/Prem to Par (→ screen)
-29.30% (−$7.33)
Recent Ex-Date
2026-03-31
Pay Frequency
quarterly
Cumulative
No
Original Coupon
4.500%
Call Date
2027-04-15
Yield to Call
not callable until 2027-04-15
Yield to Worst
6.36%
Liq. Preference
$25.00
Maturity
Perpetual
Redeemable
Yes
Convertible
No
Pay Dates
January 15, April 15, July 15, October 15
Shares Offered (original)
18,000,000 +2,000,000 OA
Issued
2022-02-09
Series
O
Alt. Symbology
USB-S, USBprS, USB.PRS, USB-PS, USBpS

vs. Banks category (76 issues): yield 6.36% vs avg 6.66% · discount -29.3% vs avg -13.3%

Quote

 USB-P-S (preferred)USB (common)
Last $17.68 $58.94
Change — —
Open$17.61$58.32
High / Low $17.73 / $17.59 $59.28 / $58.08
Prev Close——
Volume151,9059,179,692
52-Week High / Low $20.62 / $17.25 $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

● USB-P-S ● USB (common)

Dividend History

Ex-DateAmount / Share
2026-03-31$0.281250
2025-12-31$0.281250
2025-09-30$0.281250
2025-06-30$0.281250
2025-03-31$0.281250
2024-12-31$0.281250
2024-09-30$0.281250
2024-06-28$0.281250
2024-03-27$0.281250
2023-12-28$0.281250
2023-09-28$0.281250
2023-06-29$0.281250

Performance — $10K Calculator

See what an investment in USB-P-S would be worth today, dividends reinvested.

Dividends reinvested (DRIP) at the close on each ex-date. Full performance page →

🔔 Get dividend & filing alerts for USB-P-S →

Prospectus (SEC 424B5)

U.S. Bancorp is offering 18,000,000 depositary shares, each representing a 1/1,000th ownership interest in a share of 4.50% Series O 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 O Preferred Stock").

Use of proceeds: Net proceeds will fund a portion of the cash portion of the MUFG Union Bank acquisition purchase price and related expenses and for general corporate purposes.

Full Prospectus (SEC filing) →

Other Securities from US BANCORP \DE\

SymbolTypeCouponPriceYield
USB-P-A preferred 7.189% 763.50 7.33%
USB-P-H preferred 5.150% 18.74 6.87%
USB-P-P preferred 5.500% 21.80 6.31%
USB-P-Q preferred 3.750% 14.91 6.29%
USB-P-R preferred 4.000% 15.64 6.39%

News — US BANCORP \DE\

Issuer news via Tiingo, tagged to USB.

Related Articles

About this site

This site tracks preferred stocks and baby bonds — investments that pay regular, scheduled dividends. Every figure shown is drawn from companies' SEC filings and live market quotes.

What you're looking at
A preferred stock sits between a common stock and a bond. It usually trades near a $25 face value and pays a fixed dividend on a set schedule. Baby bonds are similar, but they are debt that matures on a stated date.
Income & dividends
Current YieldAnnual income ÷ today's price — what you'd actually earn buying now. The headline income number.
Annual Dividend / InterestTotal cash paid per share each year. A preferred pays a "dividend"; a baby bond pays "interest."
Original CouponThe annual rate set when it was issued, as a % of par (6% of $25 = $1.50/yr). Fixed stays put; floating/reset rates change later.
Pay FrequencyHow often it pays — usually quarterly, sometimes monthly or twice a year.
Recent Ex-DateOwn it before this date to receive the next payment; buy on or after and you miss that one.
Price & value
Recent Market PriceThe latest market quote, delayed at least 20 minutes.
Liquidation Preference (Par)Face value — almost always $25 (some are $50, $100, or $1,000). What you're owed if the company winds down, and the price it can be redeemed at.
Disc / Prem to ParHow far the price sits below par (a discount) or above it (a premium). A discount can add return if it's redeemed at par; a premium is what you'd lose if it is.
Call & redemption
Call DateThe first date the issuer may redeem (buy back) the share at par. Before it you're protected; after it, it can be called at any time.
RedeemableWhether the issuer has the right to buy it back at all.
Yield to CallYour annual return if bought today and redeemed at par on the call date. If it's below the current yield, a call would cost you.
Yield to WorstThe lowest of the possible outcomes (to call, to maturity, or simply held) — the cautious yield to judge by.
Dividend terms & structure
CumulativeIf a payment is skipped, a cumulative issue still owes it (and must catch up before any common dividend); a non-cumulative one does not.
Interest DeferrableOn some baby bonds the issuer may postpone interest for a period — common on junior subordinated notes.
Floating / Reset RateThe rate isn't fixed forever — after a set date it resets to a benchmark (e.g. 3-month SOFR or the 5-year Treasury) plus a spread.
MaturityFor a baby bond, the date the principal is repaid. Most preferreds are perpetual — no maturity.
ConvertibleWhether it can turn into the company's common stock. "Change-of-control conversion" means that right applies only if the company is taken over.
Conversion Price / RatioFor convertibles, the price or number of common shares each unit converts into.
SeriesThe class label from the SEC filing (e.g. Series A). Note: it can differ from the ticker letter.
IssuedThe date the security first settled — when it came to market.
Shares OfferedHow many shares (or depositary shares) were sold in the original offering.
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