USB-PH

U.S. Bancorp Series H preferred offers income from what is often considered the best-managed regional bank in America. USB has consistently led the industry in efficiency ratio (the percentage of revenue consumed by operating expenses) and has generated peer-leading returns on equity for over two decades.

U.S. Bancorp's conservative culture — it avoided the worst excesses of subprime lending and has maintained discipline through every cycle — makes it one of the lowest-risk bank preferreds available. The bank's integration of Union Bank (acquired from MUFG in 2022) expanded its West Coast presence and added scale.

USB-PH trades at a yield that reflects its premium credit quality — lower than riskier bank preferreds but higher than Treasury bonds. For investors who prioritize safety of income over maximum yield, U.S. Bancorp preferreds offer a compelling risk-adjusted return from one of America's finest banking franchises.