Form 8-K: U.S. Bancorp Financial Statement Reclassification

U.S. Bancorp has reclassified certain accounts in its Consolidated Statement of Income and Consolidated Balance Sheet, effective January 1, 2026. These changes align financial reporting with business management and include renaming "Corporate payment products revenue" to "Corporate payment and treasury management revenue" and "Service charges" to "Lending and deposit-related fees." Specific revenues from treasury management services and stored-value cards have been reclassified, and card revenue from debit cards is now included in the Consumer and Business Banking segment. Additionally, small business credit card loans have been moved from the Commercial loan portfolio to the Credit card loan portfolio. The company’s Impact Finance business unit is now part of the Wealth, Corporate, Commercial and Institutional Banking segment. These reclassifications do not impact historical total net revenues, provision for credit losses, operating expenses, net income, total loans, or total assets, nor do they affect key performance ratios like return on assets, return on equity, or earnings per share. Unaudited supplemental financial information reflecting these changes has been provided.