US BANCORP \DE\ (USB) Form 8-K — Oct 15, 2026
U.S. Bancorp reported record third-quarter 2026 net revenue of $7,970 million, up 8.7% year over year, with net income of $2,202 million, up 10.0%, and diluted EPS of $1.34, up 9.8%. The quarter showed 240 basis points of positive operating leverage, with fee revenue up 14.9% and net interest income up 5.6% year over year. Capital markets revenue jumped 69.3% YoY driven by a full quarter of BTIG, and the net charge-off ratio improved to 51 basis points.
Key figures
- Eps
- 1.34
- Revenue
- 7970000000
- Net Income
- 2202000000
- Revenue Yoy
- 8.7%
- Total Assets
- 702966000000
- Cash Position
- 49523000000
- Shares Outstanding
- 1558000000
- Cet1 ratio
- 10.8%
- Efficiency ratio
- 55.9%
- Average total loans
- $409,548 million
- Net interest margin
- 2.84%
- Net charge off ratio
- 0.51%
- Average total deposits
- $526,602 million
- Return on average assets
- 1.25%
- Capital markets revenue yoy
- 69.3%
- Provision for credit losses
- $654 million
- Dividends declared per share
- $0.54
- Return on tangible common equity
- 18.5%
AI analysis
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