U.S. Bancorp (NYSE:USB) Announces Earnings Results

U.S. Bancorp (NYSE:USB) issued its quarterly earnings results on Tuesday. The financial services provider reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.07, Zacks reports. The company had revenue of $7.92 billion for the quarter, compared to the consensus estimate of $7.31 billion. U.S. Bancorp had a return on equity of 13.69% and a net margin of 17.66%.U.S. Bancorp’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.07 earnings per share.

Here are the key takeaways from U.S. Bancorp’s conference call:

• Reported adjusted EPS of $1.26 (≈+18% YoY) and record net revenues of $7.4B in Q4 / $28.7B for 2025, driving meaningful positive operating leverage (440 bps Q4; 370 bps full year).
• 2026 guidance calls for total net revenue growth of 4–6% and >200 bps of positive operating leverage, and management expects the BTIG acquisition to contribute ~$175–$200M of fee revenue per quarter (guidance excludes BTIG).
• Net interest income and margin are improving (NIM 2.77% in Q4) supported by record consumer deposits and accelerating loan growth in commercial and credit card, underpinning a path to ~3% NIM over the next year or two.
• Expenses have been largely stable for nine quarters due to productivity programs, but management plans strategic reinvestments in technology, sales and marketing in 2026 and says those investments are flexible to preserve operating leverage.
• Capital and regulatory risks remain: CET1 was 10.8% (9.3% incl. AOCI), the BTIG deal reduces CET1 by ~12 bps, and management called out potential policy changes (credit-card rate caps, tailoring proposals, digital-asset supervision) that could materially affect results.

U.S. Bancorp Stock Performance

Shares of U.S. Bancorp stock opened at $55.50 on Thursday. The firm has a market cap of $86.28 billion, a PE ratio of 12.01, a price-to-earnings-growth ratio of 0.94 and a beta of 1.07. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.10. U.S. Bancorp has a 52 week low of $35.18 and a 52 week high of $56.19. The business’s fifty day simple moving average is $52.23 and its 200-day simple moving average is $48.99.

U.S. Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were given a $0.52 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $2.08 dividend on an annualized basis and a yield of 3.7%. U.S. Bancorp’s payout ratio is currently 47.60%.

Key Headlines Impacting U.S. Bancorp

Here are the key news stories impacting U.S. Bancorp this week:

• Positive Sentiment: Q4 earnings beat — USB reported EPS of $1.26 vs. $1.19 expected and revenue (~$7.9B) above estimates, driven by higher net interest income and fee income; management highlighted record quarterly net revenue and improved operating efficiency. Zacks: Q4 Earnings Beat
• Positive Sentiment: Analysts raising forecasts and price targets — Several firms boosted models after the beat; TD Cowen raised its price target to $66 with a Buy, signaling analyst confidence in upside vs. current levels. Benzinga: TD Cowen PT Raise
• Positive Sentiment: Strategic growth moves — USB announced an acquisition of BTIG (expanding capital markets capabilities) and emphasized payments transformation as a growth priority, which supports revenue diversification and fee growth. Yahoo Finance: BTIG Deal
• Neutral Sentiment: 2026 guidance roughly in line with Street — The firm issued FY‑2026 revenue guidance (~$29.8B‑$30.4B) that tracked consensus, so there was no big upside surprise in outlook to propel shares higher. Benzinga: Guidance
• Neutral Sentiment: Dividend story remains attractive — Coverage highlights USB’s dividend yield and payout stability as a buy-and-hold income option, relevant for income investors assessing total return. Zacks: Dividend Story
• Negative Sentiment: Higher credit‑loss provisions weighed on the reaction — The company increased provisions for credit losses, which investors interpreted as a cautionary sign for future earnings and a reason shares slipped despite the beat. MSN: Shares Fall on Provisions
• Negative Sentiment: Policy and regulation risk — Management flagged potential headwinds (CEO comment on proposed credit-card changes) that could affect card revenue and margins if policy shifts occur. That adds uncertainty to the outlook. Yahoo Finance: CEO Warning

Wall Street Analyst Weigh In

USB has been the topic of several recent analyst reports. Oppenheimer increased their price objective on shares of U.S. Bancorp from $75.00 to $77.00 and gave the company an “outperform” rating in a report on Wednesday. Citigroup upped their price target on shares of U.S. Bancorp from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, October 17th. Morgan Stanley reiterated a “positive” rating on shares of U.S. Bancorp in a report on Friday, October 17th. Wolfe Research lowered U.S. Bancorp from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 7th. Finally, Barclays raised their target price on U.S. Bancorp from $56.00 to $65.00 and gave the company an “overweight” rating in a research report on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, U.S. Bancorp has a consensus rating of “Moderate Buy” and a consensus price target of $57.95.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Brighton Jones LLC increased its stake in shares of U.S. Bancorp by 323.0% during the fourth quarter. Brighton Jones LLC now owns 48,274 shares of the financial services provider’s stock worth $2,309,000 after buying an additional 36,863 shares during the period. Sivia Capital Partners LLC purchased a new position in U.S. Bancorp in the second quarter worth approximately $425,000. Ausdal Financial Partners Inc. purchased a new stake in shares of U.S. Bancorp in the 3rd quarter valued at approximately $257,000. Diversify Advisory Services LLC raised its holdings in shares of U.S. Bancorp by 4.5% in the 3rd quarter. Diversify Advisory Services LLC now owns 5,339 shares of the financial services provider’s stock valued at $249,000 after purchasing an additional 232 shares in the last quarter. Finally, Family Management Corp purchased a new stake in shares of U.S. Bancorp during the 3rd quarter worth $237,000. Institutional investors and hedge funds own 77.60% of the company’s stock.

U.S. Bancorp Company Profile

U.S. Bancorp (NYSE: USB) is a bank holding company and the parent of U.S. Bank, a national commercial bank that provides a wide range of banking, investment, mortgage, trust and payment services. The company operates through consumer and business banking, commercial banking, payment services, and wealth management segments. Its product set includes deposit accounts, consumer and commercial lending, mortgage origination and servicing, credit and debit card services, treasury and cash management, merchant processing, and institutional and trust services.

Headquartered in Minneapolis, Minnesota, U.S.