1. U.S. Bancorp lowers prime lending rate to 6.75% from 7.00%. 2. The new rate takes effect on December 11, 2025. 3. U.S. Bancorp has $695 billion in assets and 70,000 employees. 4. The bank emphasizes customer service and ethical practices. 5. Reduction in rates may increase loan demand and profitability.
FAQ
Why Bullish?
Lowering the prime lending rate can stimulate borrowing and spending. Historical precedent shows that rate cuts often lead to increased loan demand, positively impacting bank profitability.
How important is it?
The announcement directly affects lending practices and bank profitability, key factors for investor consideration.
Why Short Term?
The immediate effect of the rate cut will be felt as customers respond. Historically, banks often see a quicker reaction in loan applications after rate adjustments.
U.S. Bancorp (NYSE:USB) announced it has decreased its prime lending rate to 6.75 percent from 7.00 percent, effective tomorrow, December 11, 2025, at all U.S. Bank locations.
About U.S. Bancorp:
U.S. Bancorp, with approximately 70,000 employees and $695 billion in assets as of September 30, 2025, is the parent company of U.S. Bank National Association. Headquartered in Minneapolis, the company serves millions of customers locally, nationally and globally through a diversified mix of businesses including consumer banking, business banking, commercial banking, institutional banking, payments and wealth management. U.S. Bancorp has been recognized for its approach to digital innovation, community partnerships and customer servicing, including being named one of the 2025 World's Most Ethical Companies and one of Fortune's most admired superregional banks. Learn more at usbank.com/about.
View source version on businesswire.com: https://www.businesswire.com/news/home/20251210209773/en/
Investor contact:
George Andersen, Director of Investor Relations, U.S. Bancorp Investor Relations – george.andersen@usbank.com
Media contact:
Jeff Shelman, U.S. Bancorp Public Affairs and Communications – jeffrey.shelman@usbank.com