U.S. Bancorp, the nation’s largest regional lender, said it will increase its repurchase of shares and ask its board to raise its second-quarter dividend 18 percent.

U.S. Bancorp said it will request a dividend of 23 cents and increase its stock buyback plan by $370 million to $2.25 billion, the Minneapolis-based firm said Thursday in a statement.

Following last year’s stress tests, U.S. Bancorp increased its quarterly dividend by 56 percent to 20 cents a share, and the board approved a plan for the company to repurchase as many as 100 million shares, the lender said at the time.