earnings
confidence high
sentiment positive
materiality 0.85
U.S. Bancorp Q2 2026: record revenue $7.7B, EPS $1.35 (+22% YoY), NIM expands 13bps
US BANCORP DE
- Record net revenue of $7,712M; net income $2,177M; diluted EPS $1.35, up 22% YoY.
- Net interest margin 2.79% (+13bps YoY); efficiency ratio 57.1% improved from 59.2% YoY.
- Average loans +7.1% YoY to $405.5B; average deposits +2.4% YoY to $515.1B.
- Completed BTIG acquisition; contributed ~$98M fee revenue and $84M noninterest expense.
- CET1 ratio 10.8%; net charge-off ratio 0.53% vs 0.59% a year ago.