Americká banka U.S. Bancorp zveřejnila výsledky hospodaření za třetí kvartál roku 2026. Výsledky byly zhruba v souladu s očekáváním. Rekordní výnosy podpořil první celý kvartál po akvizici BTIG, díky které výnosy z kapitálových trhů meziročně vzrostly o 69,3 %. Banka zároveň zvýšila výhled růstu čistých výnosů za celý rok na 8 % až 9 % z dřívějších 7 % až 9 %.
Výsledky společnosti U.S. Bancorp (USB) za 3Q 2026 3Q 2026 Konsensus 3Q 2026 3Q 2025 Čisté výnosy (mld. USD) 7,97 8,01 7,33 Čistý zisk (mld. USD) 2,21 -- 2,01 Zisk na akcii (EPS, USD/akcie) 1,34 1,32 1,22 Výsledky za 3Q Čisté výnosy meziročně vzrostly o 8,7 % na 7,97 mld. USD, a zůstaly tak nepatrně pod odhadem 8,01 mld. USD.
Čisté úrokové výnosy meziročně vzrostly o 5,6 % na 4,49 mld. USD v souladu s odhadem 4,50 mld. USD. Čistá úroková marže se meziročně zvýšila o 9 bazických bodů na 2,84 % při konsensu 2,81 %.
Neúrokové výnosy meziročně vzrostly o 13,1 % na 3,48 mld. USD při odhadu 3,51 mld. USD. Výnosy z kapitálových trhů meziročně vzrostly o 69,3 % na 640 mil. USD, a to především díky příspěvku BTIG.
Neúrokové náklady meziročně vzrostly o 7,1 % na 4,49 mld. USD, tedy mírně pod odhadem 4,55 mld. USD. Pozitivní provozní páka činila 240 bazických bodů.
Náklady na riziko činily 654 mil. USD, tedy pod odhadem 737,2 mil. USD. Čisté odpisy úvěrů dosáhly 523 mil. USD při konsensu 567,2 mil. USD a jejich poměr k úvěrům klesl na 0,51 % z 0,56 % před rokem.
Rentabilita aktiv (ROA) činila 1,25 % při odhadu 1,19 %, rentabilita vlastního kapitálu (ROE) dosáhla 13,6 % při odhadu 13,2 % a rentabilita hmotného kmenového kapitálu (ROTCE) byla 18,5 %.
Průměrný objem úvěrů meziročně vzrostl o 8,0 % na 409,55 mld. USD, a zůstal tak pod odhadem 412,16 mld. USD. Průměrné vklady se meziročně zvýšily o 2,9 % na 526,60 mld. USD při odhadu 525,22 mld. USD.
Kapitálový poměr CET1 dosáhl 10,8 % v souladu s odhadem.
Výhled Ve 4Q 2026 banka očekává meziroční růst čistých úrokových výnosů o 6 % až 7 %, růst výnosů z poplatků o 13 % až 14 % a růst neúrokových nákladů zhruba o 8 %.
Pro celý rok 2026 banka zvýšila výhled růstu čistých výnosů na 8 % až 9 % z dřívějších 7 % až 9 %, bez vlivu BTIG na 6 % až 7 % z dřívějších 5 % až 7 %. Pozitivní provozní páku nově očekává zhruba ve výši 300 bazických bodů oproti předchozím přibližně 200 bazickým bodům, bez vlivu BTIG zhruba 400 bazických bodů. BTIG by podle banky měla přidávat přibližně 200 mil. USD kvartálních čistých výnosů.
Komentář CEO „Dosáhli jsme silných výsledků za třetí kvartál. Rekordní čisté výnosy ve výši 8,0 mld. USD přinesly zisk na akcii 1,34 USD, meziročně o 10 % více, rentabilitu hmotného kmenového kapitálu 18,5 % a poměr nákladů k výnosům 55,9 %. Poměr čistých odpisů úvěrů se zlepšil na 51 bazických bodů. Výjimečná skladba našeho podnikání a stále silnější provozní disciplína nám pomohly dosáhnout vysoké rentability, produktivity a obezřetného řízení rizik a zároveň posílit růst výnosů. Vykázali jsme první celý kvartál výsledků BTIG, což přispělo k meziročnímu růstu výnosů z kapitálových trhů o 69,3 %. Transformace našeho platebního byznysu nabrala na dynamice a přinesla meziroční růst kombinovaných výnosů o 6,5 %. S potěšením jsme vykázali další kvartál s rekordními vklady spotřebitelů a spustili jsme významné iniciativy k rozšíření našeho dosahu v segmentu malých firem. Převzali jsme strategické partnerství v oblasti kreditních karet pro malé firmy, uvedli na trh Business Essentials, inovativní sadu nových produktů, a vytvořili nové týmy bankéřů na expanzních trzích,“ uvedla předsedkyně představenstva a generální ředitelka Gunjan Kedia.
Vývoj akcie Akcie U.S. Bancorp (USB) v předburzovní fázi obchodování stagnují na 56,26 USD.
Akcie U.S. Bancorp (USB) včera uzavřely na 56,26 USD Ukazatel Ukazatel Kapitalizace (mld. USD) 87,7 P/E 11,0 Vývoj za letošní rok (%) +5,4 Očekávané P/E 10,7 52týdenní minimum (USD) 45,0 Prům. cílová cena (USD) 68,3 52týdenní maximum (USD) 66,1 Dividendový výnos (%) 3,7 Zdroj: U.S. Bancorp, Bloomberg
Wall Street analysts expect U.S. Bancorp (USB - Free Report) to post quarterly earnings of $1.32 per share in its upcoming report, which indicates a year-over-year increase of 8.2%. Revenues are expected to be $8.01 billion, up 9.2% from the year-ago quarter.
The consensus EPS estimate for the quarter has been revised 2.2% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
Bearing this in mind, let's now explore the average estimates of specific U.S. Bancorp metrics that are commonly monitored and projected by Wall Street analysts.
Analysts expect 'Book value per common share' to come in at $39.43 . The estimate compares to the year-ago value of $36.33 .
The consensus among analysts is that 'Average Balances - Earning assets' will reach $636.03 billion. The estimate is in contrast to the year-ago figure of $617.52 billion.
Analysts forecast 'Efficiency Ratio' to reach 56.4%. The estimate is in contrast to the year-ago figure of 57.2%.
The collective assessment of analysts points to an estimated 'Total nonperforming assets' of $1.52 billion. Compared to the current estimate, the company reported $1.65 billion in the same quarter of the previous year.
It is projected by analysts that the 'Total nonperforming loans' will reach $1.46 billion. The estimate is in contrast to the year-ago figure of $1.61 billion.
The combined assessment of analysts suggests that 'Tier 1 Capital Ratio' will likely reach 12.3%. Compared to the present estimate, the company reported 12.4% in the same quarter last year.
The consensus estimate for 'Leverage ratio' stands at 9.0%. Compared to the current estimate, the company reported 8.6% in the same quarter of the previous year.
Based on the collective assessment of analysts, 'Total risk-based capital ratio' should arrive at 14.4%. The estimate compares to the year-ago value of 14.4%.
Analysts predict that the 'Total Noninterest Income' will reach $3.51 billion. The estimate is in contrast to the year-ago figure of $3.08 billion.
Analysts' assessment points toward 'Net interest income (taxable-equivalent basis)' reaching $4.51 billion. The estimate compares to the year-ago value of $4.25 billion.
According to the collective judgment of analysts, 'Mortgage banking revenue' should come in at $166.62 million. The estimate compares to the year-ago value of $180.00 million.
The average prediction of analysts places 'Other- noninterest income' at $135.53 million. Compared to the present estimate, the company reported $213.00 million in the same quarter last year.
View all Key Company Metrics for U.S. Bancorp here>>>
U.S. Bancorp shares have witnessed a change of -9.2% in the past month, in contrast to the Zacks S&P 500 composite's +2.4% move. With a Zacks Rank #3 (Hold), USB is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
U.S. Bancorp očekává za čtvrtletí zisk na akcii (EPS) ve výši 1,33 USD, což by představovalo meziroční nárůst o 9 %, a výnosy ve výši 8,01 miliardy USD, meziročně o 9,2 % více.
Wall Street expects a year-over-year increase in earnings on higher revenues when U.S. Bancorp (USB - Free Report) reports results for the quarter ended September 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
The earnings report, which is expected to be released on October 15, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus EstimateThis company is expected to post quarterly earnings of $1.33 per share in its upcoming report, which represents a year-over-year change of +9%.
Revenues are expected to be $8.01 billion, up 9.2% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 1.09% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for U.S. Bancorp?For U.S. Bancorp, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +0.14%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination indicates that U.S. Bancorp will most likely beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that U.S. Bancorp would post earnings of $1.28 per share when it actually produced earnings of $1.35, delivering a surprise of +5.47%.
Over the last four quarters, the company has beaten consensus EPS estimates four times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
U.S. Bancorp appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Fed zvažuje zvýšení prahů aktiv pro přísnější regulaci bank, což by regionálním věřitelům jako U.S. Bancorp, PNC a Capital One dalo více prostoru k růstu. Menší banky, včetně WAL a ZION, by mohly překročit hranici 100 miliard USD aktiv bez okamžitě přísnějších pravidel.
Key Takeaways U.S. Bancorp and other banks could gain more room to grow before tougher rules apply.Higher thresholds could reduce compliance costs and support faster loan and deposit growth.WAL and ZION could gain more headroom to cross $100B without immediate added requirements. The Federal Reserve is reportedly considering raising the asset thresholds that trigger stricter regulatory requirements for U.S. banks, reducing the compliance costs and giving regional lenders greater room to expand, according to a Yahoo Finance article citing Reuters.
The Fed is reportedly preparing to revise the asset thresholds that pull banks into stress-testing and heightened capital, liquidity and reporting obligations, with the adjustment aimed at reflecting inflation and broader economic growth.
U.S. Bancorp (USB - Free Report) , Capital One Financial (COF - Free Report) , PNC Financial (PNC - Free Report) and Truist Financial each currently clustered near the $700-billion mark could be among the key beneficiaries, as raising the threshold toward $1 trillion may give them greater flexibility to grow organically or pursue acquisitions before facing more stringent requirements. Smaller regional banks, including Western Alliance Bancorporation (WAL - Free Report) and Zions Bancorporation (ZION - Free Report) , could also benefit by gaining more room to cross $100 billion in assets without immediately becoming subject to all the rules currently triggered at that level, while banks with roughly $100-$150 billion in assets may see some existing regulatory obligations eased.
At present, regulatory requirements become progressively stricter as banks cross the $100-billion, $250-billion and $700-billion asset thresholds. Raising these limits could reduce regulatory burdens, provide banks with greater balance-sheet flexibility and potentially encourage consolidation across the regional banking industry.
Why Is the Fed Considering Higher Thresholds?The proposed changes reflect a broader effort to make banking regulation more responsive to changes in the size of the U.S. economy. Federal Reserve vice chairman for Supervision Michelle Bowman has argued that fixed asset thresholds can become increasingly restrictive over time because they do not automatically adjust for inflation or economic expansion. In January, Bowman suggested indexing thresholds to nominal gross domestic product, which captures both inflation and real economic growth.
Bowman reiterated the point in July, noting that banks with essentially unchanged risk profiles can cross regulatory thresholds simply because the overall economy has expanded. The Fed has therefore been working on approaches that would allow fixed thresholds to rise over time.
For banks like U.S. Bancorp, PNC Financial, Capital One, Western Alliance and Zions, crossing one of these regulatory lines can be expensive. Institutions may need additional compliance personnel, risk-management infrastructure, stress-testing capabilities and regulatory reporting systems. Reuters reported that the incremental costs associated with passing the $100-billion level can run into tens of millions of dollars annually.
Here’s How Higher Regulatory Thresholds Could Benefit BanksHigher regulatory thresholds could benefit banks by giving them greater flexibility to expand without immediately facing stricter compliance requirements and higher recurring costs. This could improve operating efficiency, support faster loan and deposit growth, and reduce the incentive for banks nearing existing thresholds to deliberately limit balance-sheet expansion.
The additional regulatory headroom could also make mergers and acquisitions more attractive, particularly for mid-sized and regional banks seeking greater scale to absorb technology, compliance and other operating expenses. Banks could evaluate potential deals more on strategic and financial merits rather than on whether a transaction would push them into a tougher regulatory category. Larger regional banks such as U.S. Bancorp, PNC, Truist and Capital One could especially benefit from having more room to grow before encountering another step-up in regulatory requirements.
Final Words on Fed Considering Higher Thresholds?While the Fed’s proposal is still taking shape, higher regulatory thresholds could meaningfully improve the growth runway for regional banks. By reducing the likelihood of an immediate jump in compliance costs as assets expand, the changes could support greater balance-sheet growth, operating efficiency and M&A activity.
For investors, the development makes USB, COF, PNC, WAL and ZION worth watching as details of the Fed's eventual proposal emerge.
U.S. Bancorp čeká ve 3. čtvrtletí růst čistého úrokového výnosu na horní hraně cíle 4–6 % meziročně. Poplatkové výnosy mají mířit k horní hraně růstu 12–14 %.
Key Takeaways U.S. Bancorp expects y/y NII growth in Q3 at the high end of its 4-6% guidance.USB's Q3 fee revenues are projected near the upper end of 12-14% growth.BTIG added $98M in Q2 fee revenues, with quarterly contributions potentially reaching $200M in 2H26. U.S. Bancorp (USB - Free Report) appears well-positioned for a solid third quarter of 2026, supported by improving deposit trends, healthy loan growth and continued momentum across its fee-based businesses. Management’s recent update points to sustained strength in capital markets activity following the BTIG acquisition, as well as growth in payments and other diversified revenue streams, supporting the bank’s overall growth outlook.
USB’s NII Growth Remains EncouragingFor the third quarter 2026, USB expects year-over-year net interest income (NII) growth to be at the high end of the previously stated 4-6%, supported by improving asset mix, fixed-asset repricing and solid balance-sheet trends. Management expects the net interest margin to improve in the third and fourth quarters, which should provide an additional boost to spread income. The bank expects full-year loan growth of 6-7%. While loan demand remains strong, particularly for capital expenditure and financing needs,
Deposit trends also remain favorable. The company expects another quarter of record consumer deposits, with overall deposit growth potentially outpacing loan growth. A stable and expanding deposit base should help USB manage funding costs and support NII expansion.
Fee Income Adds Growth Engine for USBUSB’s diversified fee businesses remain another major catalyst. Fees account for 44-45% of total revenues in the second quarter of 2026, providing the company with significant earnings diversification beyond traditional lending.
Capital markets have become increasingly important following the BTIG acquisition. BTIG contributed $98 million in fee revenues in the second quarter despite being included for only part of the period. Management previously indicated that the business could contribute $200 million in quarterly fee revenues in the second half of 2026.
Overall fee revenues increased 13.2% year over year in the second quarter, supported by strength in capital markets, and trust and investment management services. Continued momentum in these businesses should help sustain fee-income growth. For the third quarter of 2026, fee revenues are projected to approach the upper end of 12-14% growth. Fee growth could exceed expectations depending on the timing of certain capital markets transactions.
Management also sees longer-term scope to increase capital markets revenues to 10-11% of the total revenues from 7-8% currently, highlighting the segment’s growing strategic importance.
Payments revenues are expected to continue growing, supported by consumer card and corporate-payments activity. Merchant processing, however, is expected to be flat year over year for the next two or three quarters as the bank adjusts its go-to-market strategy and reduces some distribution partnerships.
USB’s Expense Growth Remains ManageableOn the expense front, U.S. Bancorp expects non-interest expenses to increase 8% year over year in the third quarter, consistent with its prior guidance. The increase partly reflects the inclusion of BTIG, along with higher compensation, technology, marketing and other growth-related investments.
U.S. Bancorp is stepping up investment in its physical distribution network, with annual branch spending expected to increase from roughly $200 million historically to about $300 million. These investments are intended to strengthen customer relationships, support deposit gathering and expand opportunities across consumer, small-business, wealth and commercial banking.
Despite the higher cost base, management continues to expect revenue growth to outpace expense growth and remains focused on generating positive operating leverage. U.S. Bancorp expects at least 200 basis points of operating leverage for the full year, or at least 300 basis points, excluding BTIG. Thus, while elevated expenses and increased branch investments could constrain near-term earnings growth, continued strength in NII and fee revenues should help absorb these investments while supporting longer-term organic growth.
Here’s How Other Banks Are Likely to Fare in Q3Citizens Financial (CFG - Free Report) expects its third-quarter 2026 NII to rise 2.5-3.5% from the second-quarter 2026 reported level of $1.63 billion. Its non-interest income is anticipated to increase 1% from the second-quarter 2026 reported level of $652 million. Further, Citizens Financial’s non-interest expenses are expected to remain stable or increase slightly from the second-quarter level.
PNC Financial (PNC - Free Report) expects average loans to increase 1-2% from the second-quarter 2026 reported figure of $363.2 billion. The company’s NII is projected to rise 3-3.5% from the $4.1 billion reported in the second quarter of 2026. However, PNC Financial’s fee income (non-GAAP) is expected to decline 5-5.5% from the second-quarter 2026 reported figure of $2.3 billion.
USB Price Performance & Zacks RankU.S. Bancorp shares have gained 21.4% in the past year compared with the industry’s growth of 23.8%.
Image Source: Zacks Investment Research
The company currently carries a Zacks Rank #4 (Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
U.S. Bancorp vyhlíží další silné čtvrtletí, podpořené růstem čistého úrokového výnosu, poplatkových výnosů a vkladů. Firma zároveň zvyšuje sázky na payments a kapitálové trhy.
Smart Money Shifts: U.S. Bancorp Pairs Tech With YieldU.S. Bancorp NYSE: USB executives said the bank expects another strong quarter, supported by growth in net interest income, fee revenue and deposits, while outlining plans to expand its consumer franchise, payments capabilities and capital-markets business.
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Chief Executive Officer Gunjan Kedia said the bank’s progress during her first year as CEO has been driven by a sharper focus on expense management, organic growth and payments transformation. She said the company made organizational changes, elevated revenue-facing roles and refreshed talent, with nearly a quarter of its top 200 roles filled by people new to the bank or new to their positions.
Wintrust: A Quiet Regional Bank Posting Loud ResultsKedia said the bank has operated within its medium-term financial guidance for four quarters and has narrowed its valuation gap with peers. However, she identified mortgage and auto lending as areas that have underperformed expectations because demand has remained muted amid less rate moderation than the bank had anticipated.
Quarterly Outlook Points to Higher-End Growth Chief Financial Officer John Stern said U.S. Bancorp expects net interest income growth to come in at the high end of its previously stated 4% to 6% year-over-year range for the third quarter. Fee revenue growth is also expected to reach the high end of the company’s 12% to 14% outlook, and could exceed that range depending on the timing of capital-markets transactions.
3 Regional Bank Stocks That Crushed Q3 EarningsStern said expenses are expected to rise about 8%, in line with prior expectations, while charge-offs remain stable. Based on third-quarter trends, he said the company expects to finish the year at the higher end of its full-year 7% to 9% revenue-growth outlook.
The bank continues to expect full-year loan growth of approximately 6% to 7%, Stern said. While loan demand remains strong, particularly for capital expenditures and financing needs, he said the company has become more disciplined around return hurdles and exceptions after strong loan growth in the first half.
On deposits, Stern said the bank expects strong growth during the quarter, potentially exceeding loan growth. He cited another expected quarter of record consumer deposits and a return of some seasonal commercial deposit activity. He also noted that competition for deposits remains active, including promotional certificates of deposit and new-account incentives offered by competitors.
Fee Businesses Remain a Strategic Differentiator Kedia said fee revenue accounts for roughly 44% to 45% of U.S. Bancorp’s revenue and remains a central differentiator for the company. The fee complex includes payments, trust and investment services, capital markets and consumer fees.
She identified payments and capital markets as the two largest future growth opportunities. Kedia said capital markets currently represents about 7% to 8% of revenue and could rise to 10% to 11%. The company’s acquisition of BTIG has provided a strong start in expanding its equity and investment-banking capabilities, she said, with management primarily focused on organic growth from combining BTIG’s products with U.S. Bancorp’s existing client relationships and balance sheet.
Stern said the first full quarter including BTIG will contribute about half of the company’s fee-growth increase. Legacy capital-markets operations, including foreign exchange, commodities and loan syndications, are also expected to produce low-double-digit growth, he said.
Payments revenue is expected to continue growing strongly, supported by consumer card and corporate-payments activity. Merchant processing, however, is expected to be roughly flat year over year for the next two or three quarters as the bank adjusts its go-to-market strategy and reduces some distribution partnerships.
Kedia also highlighted global fund services and Corporate Trust, which together account for nearly 10% of revenue. She said the businesses generate recurring fees and an estimated $70 billion to $80 billion in operating deposits. Growth has been aided by the bank’s share of new exchange-traded fund formations and by expansion in private credit, she said.
Consumer Expansion, Technology and Capital Plans To support consumer and small-business growth, Kedia said the bank is emphasizing differentiated products, granular deposit pricing and an expanded branch strategy. She said the Bank Smartly product suite has reached $84 billion and serves as an integrated banking-and-payments offering.
U.S. Bancorp has been investing about $200 million annually in its branch network, largely to convert service branches and smaller locations into multi-product hubs. Kedia said the bank is now looking toward approximately $300 million of annual investment, with a greater focus on new branch formats and denser coverage in areas with higher household-formation growth.
The company is also establishing client centers in growth markets including Florida, Georgia and Texas, combining wealth, commercial real estate, commercial banking and mortgage teams. Kedia said retail branches may eventually follow in some of those markets, though the current focus remains on densifying the existing footprint. She said the bank has no philosophical opposition to acquisitions but currently sees substantial organic opportunities.
On technology, Kedia said artificial intelligence is already delivering measurable productivity benefits, while revenue-focused applications are still developing. The company also introduced U.S. Bank Digital Coin and completed an initial transaction with its Dublin bank. Management expects to introduce tokenized deposits early in the year and is building a Digital Asset Platform focused on bank-level compliance and controls, although Kedia said real payments demand for stablecoins remains nascent.
Stern said U.S. Bancorp expects at least 200 basis points of operating leverage for the full year, or at least 300 basis points excluding BTIG. The bank paused share repurchases during the third quarter because of capital demands including growth, the Amazon portfolio coming online and interest-rate effects on its available-for-sale portfolio. Stern said management expects the pause to be temporary and remains committed to a 70% to 75% payout ratio.
About U.S. Bancorp (NYSE:USB)U.S. Bancorp NYSE: USB is a financial services holding company and the parent organization of U.S. Bank, a full-service commercial bank. The company provides deposit accounts, consumer and business loans, mortgages, credit and debit cards, payment services, and other banking products to individuals, businesses, institutions and government entities.
Through its wealth, corporate and commercial banking operations, U.S. Bancorp also offers investment management, trust and custody services, treasury management, capital markets support, equipment finance and other specialized financial solutions.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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U.S. Bancorp od začátku roku 2026 přidal více než 50 pozic v business bankingu a zvýšil počet bankéřů na více než 1 300. Rozšiřuje také působení na Floridě, v Georgii, Texasu a Arizoně.
Key Takeaways U.S. Bancorp added more than 50 business banking roles, bringing its banker count above 1,300.Expansion into Florida and Georgia and deeper coverage in Texas and Arizona could boost client growth.SBA lending and healthcare banking initiatives broaden USB's offerings and support potential client growth. U.S. Bancorp (USB - Free Report) is expanding its business banking presence across the United States, adding bankers in Florida, Georgia, Texas and Arizona. The move marks its entry into business banking in Florida and Georgia while deepening its presence in Texas and Arizona. The expansion extends USB’s reach beyond its traditional 26-state branch footprint and strengthens its presence in key markets.
The expansion is supported by a growing business banking workforce. USB primarily targets business banking clients with annual sales between $2.5 million and $50 million. Since the beginning of 2026, the bank has added more than 50 customer-facing positions to its business banking division, bringing its total business banker count to more than 1,300. The expanded team will offer deposit, lending, payments and treasury management solutions, giving USB greater capacity to serve its target market.
Along with expanding its frontline workforce, USB is strengthening capabilities tailored to specialized business needs. The bank has added business development officers focused on Small Business Administration (SBA) loans and continues to strengthen its healthcare business banking capabilities.
The geographic rollout builds directly on USB’s previous investments in high-growth economic hubs. In Texas, the bank is expanding its Dallas business banking presence, first established in 2022, while building on its 2025 expansion into Houston. At the same time, it is strengthening its advisory team in Phoenix to complement its expanding regional branch network. In Florida and Georgia, USB is leveraging its existing wealth management, mortgage, commercial and corporate banking offices to accelerate new business client acquisition.
The combination of a larger banker network, specialized capabilities and broader geographic coverage could create additional avenues for organic growth. The entry into Florida and Georgia, along with deeper coverage in Texas and Arizona, should help USB expand its commercial client base and increase activity across lending, operating deposits, payments and treasury management. This could support loan and deposit growth while generating additional fee income. However, successful execution will be key to converting the broader footprint and capabilities into market share gains and sustainable revenue growth.
How Are Other Banks Expanding Their Market Presence?Similar to USB, other banks like Bank of America (BAC - Free Report) and The PNC Financial Services Group, Inc. (PNC - Free Report) are strengthening their market presence through expanded geographic coverage, branch expansion and broader client offerings.
Bank of America is strengthening its middle-market banking franchise by expanding Regional Investment Banking coverage across key U.S. markets. In July 2026, Bank of America added nine senior bankers across nine cities, expanding the platform to more than 200 bankers across 26 U.S. cities. The expansion aims to meet rising middle-market demand and deepen client relationships through its broader banking capabilities.
PNC Financial is similarly expanding its geographic reach through acquisitions and branch investments. Its January 2026 FirstBank acquisition added $26 billion of assets, $16 billion of loans and $23 billion of deposits, while significantly strengthening its presence in Colorado and Arizona. PNC Financial has also increased its planned branch investment to nearly $2 billion, targeting more than 300 new branches across nearly 20 markets by 2030.
USB’s Price Performance & Zacks RankOver the past year, shares of USB have gained 26.9% compared with the industry’s 30.7% growth.
Image Source: Zacks Investment Research
At present, USB carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Amundi raised its stake in U.S. Bancorp (NYSE:USB – Free Report) by 25.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,470,642 shares of the financial services provider’s stock after purchasing an additional 1,301,547 shares during the period. Amundi owned 0.42% of U.S. Bancorp worth $336,538,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also added to or reduced their stakes in USB. Clayton Financial Group LLC purchased a new position in U.S. Bancorp in the fourth quarter worth $25,000. Financial Life Planners purchased a new stake in shares of U.S. Bancorp during the 1st quarter valued at $27,000. Main Street Group LTD acquired a new stake in shares of U.S. Bancorp in the 1st quarter worth $28,000. JPL Wealth Management LLC acquired a new stake in shares of U.S. Bancorp in the 3rd quarter worth $28,000. Finally, Binnacle Investments Inc grew its stake in U.S. Bancorp by 77.8% during the 3rd quarter. Binnacle Investments Inc now owns 624 shares of the financial services provider’s stock worth $30,000 after buying an additional 273 shares during the last quarter. 77.60% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets Several research analysts recently issued reports on the company. Wells Fargo & Company upped their target price on U.S. Bancorp from $66.00 to $69.00 and gave the company an “overweight” rating in a research report on Friday, July 17th. DA Davidson boosted their price target on U.S. Bancorp from $72.00 to $74.00 and gave the stock a “buy” rating in a research note on Friday, July 17th. Truist Financial upped their price objective on shares of U.S. Bancorp from $66.00 to $69.00 and gave the company a “buy” rating in a report on Friday, July 17th. Robert W. Baird increased their price objective on shares of U.S. Bancorp from $64.00 to $68.00 and gave the company a “neutral” rating in a research report on Friday, July 17th. Finally, Citigroup reaffirmed a “buy” rating on shares of U.S. Bancorp in a research report on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $67.06.
Check Out Our Latest Report on USB
Insider Activity at U.S. Bancorp In other news, EVP Venkatachari Dilip sold 34,522 shares of U.S. Bancorp stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $55.52, for a total transaction of $1,916,661.44. Following the completion of the transaction, the executive vice president directly owned 51,292 shares of the company’s stock, valued at $2,847,731.84. The trade was a 40.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Stephen L. Philipson sold 36,906 shares of the business’s stock in a transaction on Monday, July 20th. The shares were sold at an average price of $63.08, for a total transaction of $2,328,030.48. Following the completion of the transaction, the insider owned 74,969 shares of the company’s stock, valued at approximately $4,729,044.52. This represents a 32.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.21% of the stock is owned by insiders.
U.S. Bancorp Stock Performance Shares of USB stock opened at $62.86 on Thursday. U.S. Bancorp has a 52-week low of $43.46 and a 52-week high of $64.84. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.96. The stock has a market cap of $97.50 billion, a PE ratio of 12.55, a price-to-earnings-growth ratio of 1.06 and a beta of 0.96. The business has a 50-day simple moving average of $59.49 and a 200-day simple moving average of $56.60.
U.S. Bancorp (NYSE:USB – Get Free Report) last posted its earnings results on Thursday, July 16th. The financial services provider reported $1.35 EPS for the quarter, topping the consensus estimate of $1.28 by $0.07. The firm had revenue of $7.71 billion for the quarter, compared to analyst estimates of $7.58 billion. U.S. Bancorp had a return on equity of 13.69% and a net margin of 18.49%.During the same period last year, the company earned $1.11 earnings per share. On average, equities analysts expect that U.S. Bancorp will post 5.22 EPS for the current year.
U.S. Bancorp Dividend Announcement The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.52 per share. The ex-dividend date of this dividend 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 dividend payout ratio (DPR) is presently 41.52%.
U.S. Bancorp Profile (Free Report)
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.
See Also Five stocks we like better than U.S. Bancorp Why SK hynix Could Be the Best AI Chip Stock to Buy Now Seagate Technology Stock Surges as Earnings Beat Silences AI Doubters Alphabet Is Down 18% From Its High After a Stellar Quarter—Overdone, or More Downside Ahead? Why Bloom Energy May Be the Most Important AI Infrastructure Stock Want to see what other hedge funds are holding USB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for U.S. Bancorp (NYSE:USB – Free Report).
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U.S. Bancorp ve 2. čtvrtletí překonal odhady díky růstu čistého úrokového výnosu a poplatkových příjmů; EPS stoupl na 1,35 USD a tržby dosáhly rekordu 7,71 miliardy USD.
Key Takeaways U.S. Bancorp beat Q2 earnings and revenue estimates on higher NII and broad-based fee income growth.USB's BTIG acquisition lifted capital markets revenues and expanded institutional capabilities.USB plans a 4% dividend increase after stress-test clearance and continued share repurchases. U.S. Bancorp (USB - Free Report) has reported second-quarter 2026 earnings per share of $1.35, topping the Zacks Consensus Estimate by 5.5%. The bottom line increased 21.6% from $1.11 in the year-ago quarter.
Results were supported by higher net interest income (NII), broad-based fee revenue growth and strong loan growth, while the company posted positive operating leverage of 400 basis points. The BTIG acquisition (completed in June 2026) also contributed to capital markets revenue growth and expanded the company’s institutional capabilities. However, a rise in provision was concerning.
Net income attributable to U.S. Bancorp was $2.18 billion, up 19.9% from the prior-year quarter.
USB Revenue Mix Improves on Higher NII & Fee GrowthNet revenues reached a record level of $7.71 billion in the second quarter, rising 10.1% year over year and surpassing the consensus estimate by 1.3%.
Tax-equivalent NII was $4.39 billion, up 7.5% from the prior-year period. Management attributed the improvement to loan growth, a better earning-asset mix and fixed-asset repricing benefits. The net interest margin expanded 13 basis points year over year to 2.79%.
Non-interest income totaled $3.33 billion, rising 13.7% from the year-ago quarter. Growth was driven by higher revenues across all fee categories, including card revenues, corporate payment and treasury management revenues, trust and investment management fees, lending and deposit-related fees, and capital markets revenues. Capital markets revenues benefited from the BTIG acquisition, increased client-related derivative activity, higher corporate bond underwriting fees and favorable market conditions.
U.S. Bancorp Expenses Rise, Efficiency StrengthensNon-interest expenses were $4.43 billion, up 5.9% from the year-ago quarter. The impacts of the BTIG acquisition, higher compensation and employee benefits expenses, technology and communications expenses, marketing and business development initiatives, and other expenses led to the rise.
The company’s efficiency ratio declined to 57.1% from 59.2% a year ago, indicating improvement in profitability.
USB Balance Sheet Expands With Loan & Deposit GrowthAverage total loans increased 3% sequentially to $405.48 billion and advanced 7.1% year over year, reflecting broad-based growth in key categories.
Average total deposits were $515.08 billion, essentially flat with the prior quarter and up 2.4% year over year.
U.S. Bancorp Credit Trends: Mixed BagProvision for credit losses was $538 million, up 7.4% from the year-ago quarter, primarily reflecting loan portfolio growth. Total net charge-offs were $536 million, down from $554 million a year earlier, and the net charge-off ratio was 0.53% versus 0.59% in the prior-year quarter.
The allowance for credit losses increased to $7.98 billion as of June 30, 2026, from $7.86 billion a year earlier. Non-performing assets were $1.35 billion, down from $1.68 billion as of June 30, 2025.
U.S. Bancorp Capital Levels SolidCapital levels remained solid. The Basel III standardized CET1 capital ratio was 10.8% at the quarter end, up from 10.7% in the year-ago period.
The tier 1 capital ratio was 12.2%, down from 12.3% in the prior year. The leverage ratio was 8.9%, up from 8.5% in the year-ago quarter.
The tangible common equity to tangible assets ratio was 6.6%, up from the prior-year quarter’s 6.1%.
During the quarter, U.S. Bancorp repurchased 3 million shares and continued repurchases under its $5-billion common stock repurchase authorization. Post clearing the 2026 stress test, the company also plans to increase its quarterly common stock dividend 4% to 54 cents per share in the third quarter of 2026, subject to board approval.
Our Take on USBU.S. Bancorp’s diversified revenue streams, solid loan growth and improving credit quality continue to support its strong financial performance. Growth in NII and non-interest income, coupled with improved efficiency, bodes well for future profitability. The completion of the BTIG acquisition expanded USB’s capital markets capabilities and provided opportunities to deepen relationships with corporate and institutional clients. Although provisions rose in the second quarter of 2026, U.S. Bancorp remains focused on delivering sustainable growth, attractive returns and long-term shareholder value.
Currently, U.S. Bancorp carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Earnings Dates & Expectations of Other StocksRegions Financial (RF - Free Report) is scheduled to release second-quarter 2026 earnings on July 17.
The consensus estimate for RF’s quarterly earnings has been unchanged at 64 cents per share over the past seven days. This indicates a 6.7% increase from the year-ago reported level.
Truist Financial (TFC - Free Report) is slated to report second-quarter 2026 results on July 17.
Over the past seven days, the Zacks Consensus Estimate for TFC’s quarterly earnings has been unchanged at $1.08 per share. This indicates an 18.7% increase from the year-ago reported level.
MINNEAPOLIS--(BUSINESS WIRE)--U.S. Bancorp reported its second quarter 2026 results today. The earnings release, earnings supplement and slide presentation can be accessed online at ir.usbank.com/investor-relations/financial-information.
At 7 a.m. Central Time, Chief Executive Officer Gunjan Kedia and Vice Chair and Chief Financial Officer John Stern will host a conference call to review the financial results. The conference call will be available online or by telephone. To access the webcast and presentation, visit U.S. Bancorp’s website at usbank.com and click on “About Us,” “Investor Relations” and choose “Webcasts & Presentations” from the “News & events” dropdown menu To access the conference call from locations within the United States and Canada, please dial 888-210-4659. Participants calling from outside the United States and Canada, please dial 646-960-0383. The access code for all participants is 7269933.
About U.S. Bancorp
Headquartered in Minneapolis, U.S. Bancorp is the parent company of U.S. Bank National Association the fifth-largest commercial bank in the United States. The company’s three major business lines serve 15 million clients globally, and its team of nearly 70,000 people invest their hearts and minds to power human potential every day. Ranked 110th in the Fortune 500, U.S. Bancorp is deeply respected for its culture and long-term stewardship and admired for its diversified business mix and product capabilities.
U.S. Bancorp prošla stresovým testem Fedu a plánuje zvýšit čtvrtletní dividendu o 3,8 % na 54 centů na akcii. Její SCB zůstane na 2,6 % do 1. října 2027.
Key Takeaways USB passed the Fed's 2026 stress test, while its SCB will remain unchanged at 2.6% until Oct. 1, 2027.U.S. Bancorp intends to raise its quarterly dividend by 3.8% to 54 cents per share.USB's CET1 ratio of 10.8% exceeded the 7.1% minimum, supporting capital returns and growth. Following the release of the Federal Reserve's 2026 stress test, U.S. Bancorp (USB - Free Report) outlined its planned capital actions and reaffirmed its strong capital position. According to the Fed’s stress test results released yesterday, USB is among the 32 U.S. banks that successfully passed the test.
Based on the 2026 stress test results, USB's stress capital buffer (SCB) would have been subject to the regulatory floor of 2.5%. However, as announced by the Fed in February 2026, stress test-related capital buffer requirements will remain unchanged through 2027 while the agency reviews public feedback on its supervisory models. As such, the company's SCB will remain unchanged at 2.6% until Oct. 1, 2027.
Including the Basel III minimum common equity Tier 1 (CET1) capital requirement of 4.5%, USB is also required to maintain a CET1 ratio of at least 7.1%. As of March 31, 2026, the company's CET1 ratio was 10.8%, significantly above the required minimum level. This underlines the capital strength of USB and enables the bank to undertake organic growth initiatives and continue capital payouts.
As part of its planned capital actions, U.S. Bancorp intends to raise its quarterly common stock dividend by 3.8% to 54 cents per share from 52 cents, subject to board approval. The higher dividend is expected to become effective in the third quarter of 2026.
Based on yesterday's closing price of $60.10, its current dividend yield stands at 3.5% compared with the industry's 2.7%. Over the past five years, the company has increased its dividend five times.
Dividend Yield
Image Source: Zacks Investment Research
Apart from dividends, USB continues to return capital through share repurchases. In September 2024, the board authorized a share repurchase program of up to $5 billion of common stock. As of March 31, 2026, nearly $4.1 billion remained available under the authorization.
U.S. Bancorp also maintains a decent liquidity position. As of March 31, 2026, cash and due from banks were $48.4 billion, while short-term borrowings and long-term debt totaled $17.9 billion and $61.4 billion, respectively.
Driven by strong capital levels, earnings strength and solid liquidity, USB is expected to sustain its capital distribution activities and continue enhancing shareholder value. The planned dividend increase and significant remaining share repurchase capacity reflect management's confidence in the company's financial position and long-term growth prospects.
Other Firms Set to Raise Dividends After 2026 Stress TestSome other participants from the stress test that are enhancing capital distribution plans following the results are Wells Fargo (WFC - Free Report) and Goldman Sachs (GS - Free Report) .
Wells Fargo intends to raise its third-quarter 2026 common stock dividend by 11% to 50 cents per share from 45 cents, subject to board approval. Goldman Sachs plans to increase its quarterly common dividend by 11% to $5 per share from $4.50 beginning July 1, 2026, subject to approval at its scheduled third-quarter board meeting.
USB’s Price Performance and Zacks RankOver the past six months, shares of US Bancorp have rallied 9.3% compared with the industry’s growth of 12.5%.
Price Performance
Image Source: Zacks Investment Research
Currently, the company carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
