The Board of Directors of U.S. Bancorp (NYSE:USB) has declared a regular quarterly dividend of $0.52 per common share, payable April 15, 2026, to stockholders of record at the close of business on March 31, 2026. At this quarterly dividend rate, the annual dividend is equivalent to $2.08 per common share.

The Board of Directors also declared the following:

A regular quarterly dividend of $1,238.450 per share (equivalent to $12.384500 per depositary share) on the Series A Non-Cumulative Perpetual Preferred Stock of U.S. Bancorp, payable April 15, 2026, to stockholders of record at the close of business on March 31, 2026.

A regular quarterly dividend of $283.363 per share (equivalent to $0.283363 per depositary share) on the Series B Non-Cumulative Perpetual Preferred Stock of U.S. Bancorp, payable April 15, 2026, to stockholders of record at the close of business on March 31, 2026.

A regular semi-annual dividend of $662.500 per share (equivalent to $26.500000 per depositary share) on the Series J Non-Cumulative Perpetual Preferred Stock of U.S. Bancorp, payable April 15, 2026, to stockholders of record at the close of business on March 31, 2026.

A regular quarterly dividend of $343.750 per share (equivalent to $0.343750 per depositary share) on the Series K Non-Cumulative Perpetual Preferred Stock of U.S. Bancorp, payable April 15, 2026, to stockholders of record at the close of business on March 31, 2026.

A regular quarterly dividend of $234.375 per share (equivalent to $0.234375 per depositary share) on the Series L Non-Cumulative Perpetual Preferred Stock of U.S. Bancorp, payable April 15, 2026, to stockholders of record at the close of business on March 31, 2026.

A regular quarterly dividend of $250.000 per share (equivalent to $0.250000 per depositary share) on the Series M Non-Cumulative Perpetual Preferred Stock of U.S. Bancorp, payable April 15, 2026, to stockholders of record at the close of business on March 31, 2026.

A regular quarterly dividend of $231.250 per share (equivalent to $9.250000 per depositary share) on the Series N Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock of U.S. Bancorp, payable April 15, 2026, to stockholders of record at the close of business on March 31, 2026.

A regular quarterly dividend of $281.250 per share (equivalent to $0.281250 per depositary share) on the Series O Non-Cumulative Perpetual Preferred Stock of U.S. Bancorp, payable April 15, 2026, to stockholders of record at the close of business on March 31, 2026.

About U.S. Bancorp

Headquartered in Minneapolis, U.S. Bancorp is the parent company of U.S. Bank National Association, the fifth-largest commercial bank in the United States. Our three major business lines serve 15 million clients throughout the U.S., Canada and Europe, and our team of nearly 70,000 people invest our hearts and minds to power human potential every day. Ranked 105th on the Fortune 500, we are deeply respected for our culture and long-term stewardship and admired for our diversified business mix and product capabilities.

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Investor contact: Angie Jeyaraj, U.S. Bancorp Investor Relations

Angie.jeyaraj@usbank.com

Media contact: Jeff Shelman, U.S. Bancorp Public Affairs and Communications

jeffrey.shelman@usbank.com

U.S. Bancorp Announces Quarterly Dividends