U.S. BancorpUSB
▲ PositiveCapitalrelevance
Revenue and EPS beat estimates, net interest income grew, efficiency ratio improved, and tangible book value rose 17%.
Impact on stocks 1
Financials
U.S. BancorpU.S. Bancorp reported second-quarter CY2026 revenue of $7.71 billion, beating Wall Street estimates by 1.4% and rising 9.2% year on year. GAAP earnings per share came in at $1.35, 5.4% above the consensus forecast of $1.28. Net interest income grew 7.7% to $4.36 billion, in line with expectations, while the net interest margin held steady at 2.8%. The efficiency ratio improved to 57.1%, and tangible book value per share reached $30.04, up 17% from a year earlier. Shares fell 1.2% to $62.24 in the immediate aftermath of the release.
U.S. BancorpRevenue and EPS beat estimates, net interest income grew, efficiency ratio improved, and tangible book value rose 17%.