U.S. Bancorp posted second-quarter 2026 earnings per share of $1.35, a roughly 22% increase from a year earlier. Net revenue reached a record $7.7 billion, up 10.1% year over year, while fee revenue climbed 13.2% to represent 44% of total revenue. The recently acquired BTIG contributed $98 million in its first month as part of the company, and total payment services revenue rose 5.7%. Average loans grew 7.1% to $405 billion, net interest income increased 7.5% to $4.4 billion, and the net interest margin improved to 2.79%. The company also reported a return on tangible common equity of 18.7%, an efficiency ratio of 57.1%, and a Common Equity Tier 1 capital ratio of 10.8%.
U.S. BancorpU.S. Bancorp reported 22% EPS growth and record revenue, driven by strong net interest income and fee revenue.
BTIG contributed $98 million in its first month as part of U.S. Bancorp, indicating a positive acquisition impact.