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MINNEAPOLIS - U.S. Bancorp announced Friday it will redeem all outstanding 5.727% Fixed-to-Floating Rate Senior Notes due October 21, 2026, approximately one year before their maturity date. The bank, which InvestingPro data shows has maintained dividend payments for 55 consecutive years, continues to demonstrate strong financial management.
The redemption will occur on October 21, 2025, with noteholders receiving 100 percent of the principal amount plus any accrued and unpaid interest up to the redemption date, according to a company press release.
The financial institution, which serves as the parent company of U.S. Bank National Association, indicated that payment will be processed through The Depository Trust Company’s facilities.
U.S. Bancorp, headquartered in Minneapolis, reported approximately $686 billion in assets as of June 30, 2025, and employs around 70,000 people. The company operates across multiple business segments including consumer banking, business banking, commercial banking, institutional banking, payments and wealth management.
The early redemption of these notes comes as part of the bank’s ongoing liability management strategy. The CUSIP number for the notes being redeemed is 91159HJH4. For a deeper understanding of U.S. Bancorp’s financial position and growth prospects, access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, U.S. Bancorp’s ratings have been affirmed by Moody’s, with the outlook adjusted to stable from negative. This decision includes the senior unsecured debt rating at A3 and similarly affects U.S. Bancorp’s subsidiaries. Meanwhile, Morgan Stanley has downgraded U.S. Bancorp from Overweight to Equalweight, citing limited upside potential as the reason, despite raising the price target to $56.00. In leadership changes, Jodi Rolland has been appointed as President of Affluent Wealth Management and will soon take on roles as CEO for U.S. Bancorp Investments and U.S. Bancorp Advisors. Additionally, Christopher Paulison has been named the new Chief Audit Executive, succeeding Kandace Heck, who plans to retire. U.S. Bancorp has also announced a reduction in its prime lending rate to 7.25% from 7.50%, effective September 18, 2025. These developments reflect U.S. Bancorp’s ongoing adjustments in leadership and financial strategies.
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