U.S. Bancorp posted second-quarter 2026 earnings per share of $1.35, a roughly 22% increase from a year earlier, alongside record net revenue of $7.7 billion. Total revenue grew 10.1% year-over-year, driven by a 13.2% jump in fee income that included a $98 million contribution from the newly acquired BTIG in its first month. Excluding BTIG, fee revenue still rose 9.9%, while net interest income climbed 7.5% to $4.4 billion on a fully taxable equivalent basis. The bank’s efficiency ratio improved to 57.1%, return on tangible common equity reached 18.7%, and return on average assets hit 1.26%. For the full year, management raised its total net revenue growth outlook to 7%–9%, or 5%–7% excluding BTIG, and expects to deliver approximately 200 basis points of positive operating leverage.
U.S. BancorpRecord revenue, 22% EPS growth, raised revenue outlook, and improved efficiency ratio.
HSBC Holdings PLC