Quarterly ResultJul 16, 2026, 07:01 AM
U.S. Bancorp Q2 Net Revenue $7.71B; EPS $1.35; Net Income +20%
AI Summary
U.S. Bancorp announced strong second-quarter 2026 financial results, with record net revenue of $7.712 billion, a 10.1% increase year-over-year. Net income rose 20% to $2.177 billion, and diluted earnings per common share increased 22% to $1.35. The company achieved positive operating leverage of 400 basis points and completed the acquisition of BTIG, which enhanced its capital markets capabilities and contributed to fee revenue.
Key Highlights
- Record net revenue of $7.712 billion, an increase of 10.1% year-over-year.
- Net income of $2.177 billion, up 20% year-over-year.
- Diluted earnings per common share of $1.35, an increase of 22% year-over-year.
- Return on tangible common equity was 18.7%.
- Net interest margin was 2.79%, an increase of 13 basis points year-over-year.
- Average total loans increased 7.1% year-over-year to $405.481 billion.
- Average total deposits increased 2.4% year-over-year to $515.080 billion.
- Completed the acquisition of BTIG, contributing approximately $98 million in fee revenue.
Price Impact
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