USB Q1 net income $1.95B (+14% YoY); EPS $1.18 (+15% YoY); NIM 2.77%

US BANCORP DE

2026-Q1 EPS reported $1.18 revenue$7,288,000,000

Net revenue $7,288M; net interest income $4,291M (+4.1% YoY); fee revenue $2,997M (+5.7% YoY)
Return on avg assets 1.15% vs 1.04% YoY; efficiency ratio 58.2% vs 60.8% YoY; positive operating leverage 440 bps
Average loans +3.8% YoY to $393.6B; average deposits +1.7% YoY to $515.1B; CET1 ratio 10.8%
Provision for credit losses $576M vs $537M YoY; net charge-off ratio 0.56% vs 0.59% YoY
Dividend declared $0.52 per share, unchanged from prior quarter

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

US BANCORP DE reported financial results for the quarter ended March 31, 2026.

Period: the quarter ended March 31, 2026
Result: reported results

Exact text from the filing

On April 16, 2026, U.S. Bancorp (the “Company”) issued a press release reporting financial results for the quarter ended March 31, 2026. The press release is attached as Exhibit 99.1 hereto and is incorporated herein by reference.

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Source: SEC EDGAR

accession 0000036104-26-000021

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