U.S. Bancorp (USB) — Tangible Net Worth Ratio
U.S. Bancorp (USB) has a Tangible Net Worth Ratio of 92.6% as of June 2026. This metric is calculated by deducting intangible assets ($5.00 Billion) from net assets ($67.89 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. Also explore net asset growth rate of U.S. Bancorp to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
U.S. Bancorp Tangible Net Worth Ratio (1989–2025)
This chart shows how U.S. Bancorp's Tangible Net Worth Ratio has changed across 37 annual periods from 1989 to 2025. As of June 2026, the ratio stands at 92.6%, reflecting net assets of $67.89 Billion with intangible assets of $5.00 Billion USD. For live market cap and overall valuation, see U.S. Bancorp (USB) total market value.
Annual Tangible Net Worth Ratio for U.S. Bancorp (1989–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for U.S. Bancorp from 1989 to 2025, covering 37 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. Explore U.S. Bancorp (USB) reinvestment ratio to see what proportion of operating cash flow is directed to capital expenditures.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 92.5% | $65.65 Billion | $4.90 Billion | $692.35 Billion | ▲ +1.9 pp |
| 2024 | 90.6% | $59.04 Billion | $5.55 Billion | $678.32 Billion | ▲ +1.5 pp |
| 2023 | 89.1% | $55.77 Billion | $6.08 Billion | $663.49 Billion | ▲ +3.1 pp |
| 2022 | 86.0% | $51.23 Billion | $7.16 Billion | $674.80 Billion | ▼ -7.2 pp |
| 2021 | 93.3% | $55.39 Billion | $3.74 Billion | $573.28 Billion | ▼ -1.4 pp |
| 2020 | 94.7% | $53.73 Billion | $2.86 Billion | $553.90 Billion | ▲ +0.8 pp |
| 2019 | 93.9% | $52.48 Billion | $3.22 Billion | $495.43 Billion | ▲ +0.4 pp |
| 2018 | 93.4% | $51.66 Billion | $3.39 Billion | $467.37 Billion | ▼ -0.1 pp |
| 2017 | 93.5% | $49.67 Billion | $3.23 Billion | $462.04 Billion | ▲ +0.4 pp |
| 2016 | 93.1% | $47.93 Billion | $3.30 Billion | $445.96 Billion | ▲ +0.3 pp |
| 2015 | 92.8% | $46.82 Billion | $3.35 Billion | $421.85 Billion | ▲ +0.0 pp |
| 2014 | 92.8% | $44.17 Billion | $3.16 Billion | $402.53 Billion | ▲ +1.3 pp |
| 2013 | 91.6% | $41.81 Billion | $3.53 Billion | $364.02 Billion | ▼ -1.7 pp |
| 2012 | 93.3% | $40.27 Billion | $2.71 Billion | $353.86 Billion | ▲ +1.1 pp |
| 2011 | 92.2% | $34.97 Billion | $2.74 Billion | $340.12 Billion | ▲ +2.8 pp |
| 2010 | 89.4% | $30.32 Billion | $3.21 Billion | $307.79 Billion | ▲ +2.2 pp |
| 2009 | 87.2% | $26.66 Billion | $3.41 Billion | $281.18 Billion | ▼ -2.3 pp |
| 2008 | 89.5% | $27.03 Billion | $2.83 Billion | $265.91 Billion | ▲ +4.0 pp |
| 2007 | 85.5% | $21.05 Billion | $3.04 Billion | $237.62 Billion | ▲ +0.8 pp |
| 2006 | 84.8% | $21.20 Billion | $3.23 Billion | $219.23 Billion | ▼ -0.9 pp |
| 2005 | 85.7% | $20.09 Billion | $2.87 Billion | $209.47 Billion | ▼ -2.1 pp |
| 2004 | 87.8% | $19.54 Billion | $2.39 Billion | $195.10 Billion | ▼ -1.2 pp |
| 2003 | 89.0% | $19.24 Billion | $2.12 Billion | $189.47 Billion | ▲ +1.8 pp |
| 2002 | 87.2% | $18.10 Billion | $2.32 Billion | $180.03 Billion | ▲ +32.2 pp |
| 2001 | 55.0% | $16.46 Billion | $7.41 Billion | $171.39 Billion | ▼ -41.6 pp |
| 2000 | 96.5% | $15.17 Billion | $525.00 Million | $164.92 Billion | ▲ +2.2 pp |
| 1999 | 94.3% | $7.64 Billion | $433.00 Million | $81.53 Billion | ▼ -5.7 pp |
| 1998 | 100.0% | $6.60 Billion | $0.00 | $74.28 Billion | ▲ +0.0 pp |
| 1997 | 100.0% | $2.75 Billion | $0.00 | $32.86 Billion | ▲ +0.0 pp |
| 1996 | 100.0% | $855.10 Million | $0.00 | $10.09 Billion | ▲ +0.0 pp |
| 1995 | 100.0% | $820.20 Million | $0.00 | $9.57 Billion | ▲ +0.0 pp |
| 1994 | 100.0% | $718.20 Million | $0.00 | $9.39 Billion | ▲ +0.0 pp |
| 1993 | 100.0% | $2.25 Billion | $0.00 | $26.39 Billion | ▲ +0.0 pp |
| 1992 | 100.0% | $2.32 Billion | $0.00 | $26.62 Billion | ▲ +0.0 pp |
| 1991 | 100.0% | $555.00 Million | $0.00 | $6.65 Billion | ▲ +0.0 pp |
| 1990 | 100.0% | $500.00 Million | $0.00 | $6.30 Billion | ▲ +0.0 pp |
| 1989 | 100.0% | $462.50 Million | $0.00 | $5.95 Billion | — |