In 2024, we built on our strong capital base with levels above the “well-capitalized” requirements. We grew our CET1 capital ratio1 to 10.6% as of December 31, 2024, and we maintained a robust liquidity profile with abundant cash levels and low-cost borrowing capacity.
With the second-oldest active banking charter in the United States, U.S. Bancorp has long been a trusted financial partner. And while we have longevity, we’ve also remained relevant. We’ve invested in digital capabilities like artificial intelligence to create the types of experiences today’s consumers – our clients and team members – expect. We’ve acquired scale, optimized our distribution and developed strategic partnerships that have expanded our reach. We’ve strategically grown our product set to meet the growing needs of our clients. While these moves have required financial investment in recent years, they’ve positioned us for long-term growth and efficiency in the years ahead. They’ve also positioned us to add value for clients and you, our shareholders. In 2024, we strengthened this base, executing with focus and the future in mind.
Disclosures
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