U.S. Bancorp H PFD Vs. Owning One Of The 4 Fixed-Rate PFDs

2026-03-06 08:00:00 ET

Introduction

U.S. Bancorp ( USB ) is a major regional bank, surprisingly not on the “too big to fail” list, and one I haven’t reviewed yet. Past articles have covered the bank’s floaters but seldom the four fixed-rate choices. This article will cover the U.S. Bancorp, Float Rate Dep Shares Non-cumul Perp Preferred Stock, Series B ( USB.PR.H ), the bank’s only $25 Par floater, and all the these fixed-rate choices:

• U.S. Bancorp, 5.50% Dep Shares Series K Non-Cumul Perp Preferred Stock ( USB.PR.P );
• U.S. Bancorp, 3.75% Dep Shares Non-Cumulative Perpetual Preferred Stock Series L ( USB.PR.Q );
• U.S. Bancorp, 4.00% Dep Shares Series M Non-Cumul Perp Preferred Stock ( USB.PR.R );
• U.S. Bancorp 4.50% Dep Shares Non-Cumulative Perpetual Preferred Stock Series O ( USB.PR.S ).

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