U.S. Bancorp (NYSE:USB) Announces Earnings Results, Beats Estimates By $0.07 EPS

U.S. Bancorp (NYSE:USB) issued its quarterly earnings results on Thursday. The financial services provider reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.07, Zacks reports. U.S. Bancorp had a return on equity of 13.55% and a net margin of 18.01%.The company had revenue of $7.71 billion for the quarter, compared to the consensus estimate of $7.58 billion. During the same quarter in the prior year, the business posted $1.11 earnings per share.

Here are the key takeaways from U.S. Bancorp’s conference call:

• U.S. Bancorp reported EPS of $1.35, up about 22% year over year, on record net revenue of $7.7 billion and 10.1% revenue growth, citing strong diversified execution.
• The company said fee growth accelerated broadly, with fee revenue up 13.2% year over year and full-year fee growth expected in the low teens, helped by capital markets, payments, and investment services. Management said fee revenue should continue to outpace NII in the near term.
• The newly completed BTIG acquisition is already contributing meaningfully, generating about $98 million of revenue in its first month and exceeding expectations. Management expects BTIG to contribute about $200 million per quarter in the back half of 2026 and help capital markets grow to more than 10% of total revenue over time.
• Core profitability improved again, with ROTC E at 18.7%, ROA at 1.26%, and the efficiency ratio improving to 57.1%. The company said it remains committed to positive operating leverage even as it invests in growth.
• Credit and balance-sheet trends remained solid, with nonperforming assets to loans at 0.33%, net charge-offs at 0.53%, and consumer deposits reaching another record. Management also reaffirmed a path toward a 3% NIM in 2027, while noting deposit costs could edge higher if loan growth stays strong.

U.S. Bancorp Price Performance

Shares of USB opened at $63.89 on Friday. The company has a market cap of $99.10 billion, a P/E ratio of 13.39, a PEG ratio of 1.08 and a beta of 0.96. U.S. Bancorp has a fifty-two week low of $43.46 and a fifty-two week high of $64.27. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.03. The firm’s 50 day moving average price is $57.74 and its 200 day moving average price is $56.03.

U.S. Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a $0.52 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.3%. U.S. Bancorp’s payout ratio is 43.61%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Jefferies Financial Group raised U.S. Bancorp from a “hold” rating to a “buy” rating and upped their target price for the stock from $60.00 to $75.00 in a research note on Monday, July 6th. JPMorgan Chase & Co. boosted their price objective on U.S. Bancorp from $57.50 to $65.00 and gave the stock an “underweight” rating in a research note on Monday, July 6th. Oppenheimer decreased their target price on U.S. Bancorp from $74.00 to $73.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 30th. UBS Group increased their price objective on U.S. Bancorp from $58.00 to $66.00 and gave the company a “neutral” rating in a research note on Tuesday, July 7th. Finally, Weiss Ratings upgraded U.S. Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $64.31.

Trending Headlines about U.S. Bancorp

Here are the key news stories impacting U.S. Bancorp this week:

• Positive Sentiment: U.S. Bancorp posted Q2 earnings of $1.35 per share, topping estimates, while revenue rose to a record $7.71 billion on solid loan growth and stronger fee income. U.S. Bancorp Posts Strong Second-Quarter 2026 Results
• Positive Sentiment: The company said its payments business helped drive growth, highlighting broad-based strength in customer spending and digital banking activity. U.S. Bancorp Rides Payments Boom to Record Revenue
• Positive Sentiment: Management raised its 2026 revenue outlook, which signals confidence that momentum can continue into the second half of the year. U.S. Bancorp Reports Record Revenue, Raises Outlook
• Neutral Sentiment: Investors also noted a mixed read on the quarter: while earnings and revenue beat, expense growth was described as disappointing in some coverage, which could temper enthusiasm. U.S. Bancorp Q2 earnings beat, but expense growth disappoints

Insiders Place Their Bets

In related news, insider Jodi L. Richard sold 40,000 shares of the business’s stock in a transaction on Tuesday, April 21st. The stock was sold at an average price of $57.00, for a total transaction of $2,280,000.00. Following the completion of the transaction, the insider directly owned 207,251 shares of the company’s stock, valued at $11,813,307. The trade was a 16.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Venkatachari Dilip sold 34,522 shares of the company’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $55.52, for a total value of $1,916,661.44. Following the sale, the executive vice president owned 51,292 shares in the company, valued at approximately $2,847,731.84. This trade represents a 40.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.21% of the company’s stock.

Institutional Investors Weigh In On U.S. Bancorp

A number of large investors have recently modified their holdings of USB. JPL Wealth Management LLC purchased a new stake in U.S. Bancorp during the third quarter worth approximately $28,000. Binnacle Investments Inc boosted its holdings in shares of U.S. Bancorp by 77.8% in the 3rd quarter. Binnacle Investments Inc now owns 624 shares of the financial services provider’s stock valued at $30,000 after buying an additional 273 shares in the last quarter. Rossby Financial LCC lifted its holdings in shares of U.S. Bancorp by 57.8% in the 4th quarter. Rossby Financial LCC now owns 579 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 212 shares during the last quarter. Wilkerson Advisory Group LLC purchased a new stake in shares of U.S. Bancorp in the 4th quarter valued at about $43,000. Finally, IFC & Insurance Marketing Inc. acquired a new stake in shares of U.S. Bancorp in the 4th quarter valued at about $62,000. 77.60% of the stock is owned by hedge funds and other institutional investors.

U.S. Bancorp Company Profile

U.S. Bancorp (NYSE: USB) is a bank holding company and the parent of U.S. Bank, a national commercial bank that provides a wide range of banking, investment, mortgage, trust and payment services. The company operates through consumer and business banking, commercial banking, payment services, and wealth management segments. Its product set includes deposit accounts, consumer and commercial lending, mortgage origination and servicing, credit and debit card services, treasury and cash management, merchant processing, and institutional and trust services.

Headquartered in Minneapolis, Minnesota, U.S.