Business Wire·5 days ago
U.S. Bancorp Announces Second Quarter Earnings Conference Call DetailsMINNEAPOLIS--(BUSINESS WIRE)--U.S. Bancorp Announces Second Quarter Earnings Conference Call Details.
U.S. Bancorp(USB)Earnings, Financials & Key Ratios
USB•NYSE•Banking & Credit
$62.89
13.6× P/E·Price updated Jul 7, 2026
AboutU.S. Bancorp, a financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities and other financial institutions in the United States. It operates in Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support segments. The company offers depository services, including checking accounts, savings accounts, and time certificate contracts; lending services, such as traditional credit products; and credit card services, lease financing and import/export trade, asset-backed lending, agricultural finance, and other products. It also provides ancillary services comprising capital markets, treasury management, and receivable lock-box collection services to corporate and governmental entity customers; and a range of asset management and fiduciary services for individuals, estates, foundations, business corporations, and charitable organizations. In addition, the company offers investment and insurance products to its customers principally within its markets, as well as fund administration services to a range of mutual and other funds. Further, it provides corporate and purchasing card, and corporate trust services; and merchant processing services, as well as investment management, ATM processing, mortgage banking, insurance, and brokerage and leasing services. As of December 31, 2021, the company provided its products and services through a network of 2,230 banking offices principally operating in the Midwest and West regions of the United States, as well as through on-line services, over mobile devices, and other distribution channels; and operated a network of 4,059 ATMs. The company was founded in 1863 and is headquartered in Minneapolis, Minnesota.Show more
- Net Interest Income$16.65B+2.2%
- Total Revenue$42.86B+0.3%
- Net Income$7.58B+20.3%
- Return on Equity12.15%+10.7%
- Net Interest Margin2.4%+0.1%
- Efficiency Ratio40.63%+1.0%
- ROA1.11%+17.7%
- Equity / Assets9.48%+8.9%
- Book Value per Share42.19+11.6%
USB Price & Volume
U.S. Bancorp (USB) stock price & volume — 10-year historical chart
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Operational Efficiency Gains Drive Earnings Recovery Momentum
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Expanding
Profitability:Moderate
Financial:Healthy
Cash Flow:Mixed
Primary Risk:Regulatory capital requirement shifts
Key Thesis Takeaways
- U.S.
- Bancorp is demonstrating a successful transition toward improved profitability, evidenced by a significant reduction in the efficiency ratio from 50.3% in 2023Q4 to 36.9% in 2026Q1.
- While the bank faces ongoing regulatory capital constraints and a cautious credit environment, the stabilization of net interest income growth at 4.2% suggests a resilient core business model.
- Investors should monitor the bank's ability to maintain this margin expansion while navigating the tactical deployment of its $561.1 billion investment securities portfolio.
Verdict Logic
while the bank has achieved a 14.6% EPS growth rate in 2026Q1, the current 1.44 P/B ratio warrants caution regarding potential valuation premiums relative to ongoing credit provisioning risks.
USB Growth Metrics
U.S. Bancorp (USB) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years7.3%
5 Years11.17%
3 Years16.08%
TTM-
Profit CAGR
10 Years2.57%
5 Years8.85%
3 Years9.16%
TTM16.79%
EPS CAGR
10 Years3.85%
5 Years8.54%
3 Years7.7%
TTM17.82%
Return on Capital
10 Years7.12%
5 Years6.66%
3 Years5.81%
Last Year6.4%
USB Recent Earnings
U.S. Bancorp (USB) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 10/12 qtrs (83%)●Beat Revenue 5/12 qtrs (42%)
Q2 2026Latest
Apr 16, 2026Metric
Actual
Est
EPS
$1.18+3.5%
$1.14
Rev
$7.3B+0.1%
$7.3B
Q1 2026
Jan 20, 2026Metric
Actual
Est
EPS
$1.26+5.9%
$1.19
Rev
$7.4B+0.6%
$7.3B
Q4 2025
Oct 16, 2025Metric
Actual
Est
EPS
$1.22+8.0%
$1.13
Rev
$7.3B+1.9%
$7.2B
Q3 2025
Jul 17, 2025Metric
Actual
Est
EPS
$1.11+3.7%
$1.07
Rev
$7.0B-1.0%
$7.0B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 16, 2026 | $1.18vs $1.14+3.5% | $7.3Bvs $7.3B+0.1% |
| Q1 2026 | Jan 20, 2026 | $1.26vs $1.19+5.9% | $7.4Bvs $7.3B+0.6% |
| Q4 2025 | Oct 16, 2025 | $1.22vs $1.13+8.0% | $7.3Bvs $7.2B+1.9% |
| Q3 2025 | Jul 17, 2025 | $1.11vs $1.07+3.7% | $7.0Bvs $7.0B-1.0% |
Based on last 12 quarters of dataView full earnings history →
Latest USB News
Recent stock market news and headlines for U.S. Bancorp (USB)
Seeking Alpha·6 days ago
Dividend Announcements: June 20-26, 2026In this article series, I summarize dividend announcements of the past week. Thirteen companies in my database (including 7 banks) announced dividend increases. JPMorgan Chase stands out with a 10% dividend hike, an A+ safety grade, and a new $50B buyback, and trades only 3.35% above fair value. Matson is the week's high-quality non-bank, boasting a 7.34 quality score, 9.4 safety score, and a conservative 10% payout ratio.
Fool - Investing News·Jul 1, 2026
The Fed's Bank Stress Test Results Are In. Here's What They Mean for Dividends and Buybacks.It's a good time to invest in bank stocks.
24/7 Wall Street·Jun 30, 2026
1 Core Catalyst Makes U.S. Bancorp a Premier Safe Haven for Retirees Protecting Their FutureU.S. Bancorp (NYSE:USB | USB Price Prediction) has paid uninterrupted dividends for over 160 years and was one of the few large banks that did not cut during the 2008 financial crisis.
Business Wire·Jun 30, 2026
U.S. Bank Survey: 67% of Parents Talk Money Before Age 12, But Still Need Tools to Take ActionMINNEAPOLIS--(BUSINESS WIRE)--U.S. Bank survey reveals earlier, more open money conversations at home, but gap remains in taking action.
Peers Comparison
Key metrics vs top competitors for U.S. Bancorp (USB)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $62.89 | $97.97B | 13.64 | 0.35% | 17.68% | 12.15% | 3.24% | |
| $87.21 | $266.88B | 13.80 | -1.49% | 17.29% | 11.92% | — | |
| $254.01 | $102B | 15.31 | -6.98% | 22.51% | 11.97% | — | |
| $50.89 | $63.4B | 13.32 | 25.5% | 18.14% | 8.51% | — | |
| $71.78 | $30.35B | 18.60 | -9.71% | 17.51% | 7.63% | — | |
| $57.92 | $52.49B | 16.36 | -1.4% | 15.91% | 8.86% | — |
Compare USB vs Peers
U.S. Bancorp (USB) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
USB SEC Filings & Documents
U.S. Bancorp (USB) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
Jun 24, 2026·SEC
Material company update
Apr 23, 2026·SEC
Material company update
Apr 16, 2026·SEC
10-K Annual Reports
1FY 2026
Feb 23, 2026·SEC
10-Q Quarterly Reports
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USB Frequently Asked Questions
U.S. Bancorp (USB) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
How fast is U.S. Bancorp growing?
U.S. Bancorp (USB) grew revenue by 0.3% over the past year. Growth has been modest.
Is USB profitable?
Yes, U.S. Bancorp (USB) is profitable, generating $7.81B in net income for fiscal year 2025 (17.7% net margin).
Dividend & Returns
Does USB pay dividends?
Yes, U.S. Bancorp (USB) pays a dividend with a yield of 3.24%. This makes it attractive for income-focused investors.
What is USB's return on equity?
U.S. Bancorp (USB) has a return on equity (ROE) of 12.2%. This is reasonable for most industries.
Industry Metrics
What is U.S. Bancorp's net interest margin?
U.S. Bancorp (USB) has a net interest margin (NIM) of 2.4%. NIM has been under pressure due to interest rate environment.
What is U.S. Bancorp's efficiency ratio?
U.S. Bancorp (USB) has an efficiency ratio of 40.6%. This is excellent, indicating strong cost control.