U.S. Bancorp Tangible Net Worth Ratio
U.S. Bancorp 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. Check U.S. Bancorp (USB) strategic investment index to assess the company's strategic physical and investment asset allocation.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Tangible Net Worth Ratio of U.S. Bancorp (1989–2025)
Tangible net worth ratio of U.S. Bancorp from 1989 to 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. See U.S. Bancorp short-term liquidity ratio to evaluate short-term liquidity relative to the company's equity base.
U.S. Bancorp Tangible Net Worth Ratio by Year (1989–2025)
U.S. Bancorp tangible net worth ratio by year from 1989 to 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. For live market cap and overall valuation, see USB company net worth.
| 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 | — |