2023 Annual Report

2023 tested the financial services industry. Despite the challenges around us, we achieved solid results – thanks in large part to our strong foundation and financial discipline. Learn more about the year’s highlights in our annual report.

Andrew Cecere thumbnail

Message from the CEO

Over the years, U.S. Bank has built a reputation for being a company that does the right thing, delivers consistent results, and drives value for and earns trust with our various stakeholders. That commitment to being both responsive and proactive was on full display throughout 2023.

Read full letterRead full letter

Our strength and stability

We demonstrated the health of our balance sheet and our ability to manage deposit flows in the wake of the industry stress of early 2023.

Read more

Our competitive advantage

Our business model isn’t like every other bank, and that’s intentional.

Read more

Our employees

We’re honored that our efforts to create a great place to work received wide recognition yet again in 2023.

Read more

Our impact in the community

In 2023, we continued investing in our veterans – both on our teams and in our communities.

Read more


In 2023 we continued to strategically execute capital-efficient growth opportunities across each of our business lines. We are well positioned with our enhanced earnings profile and diversified business mix to further increase our capital levels, continue our disciplined lending activities, and further strengthen our balance sheet.

Read more


As a financial services provider, we invest our human and financial resources to help people and the planet. Learn about some key advancements we made in 2023.

Read more(opens a PDF in new page)