U.S. Bancorp (NYSE: USB) is a major financial services holding company in the United States. It provides a wide range of banking, investment, and payment services to individuals, businesses, and institutions. The company recently reported strong financial results for the second quarter of 2026, continuing a trend of positive performance.
On July 16, 2026, U.S. Bancorp announced an earnings per share (EPS) of $1.35. This figure surpassed the analyst consensus estimate of $1.28. As highlighted by Zacks, this also represents a notable increase from the $1.11 per share earned in the same quarter one year ago, showing solid profit growth.
The company also posted strong revenues of $7.71 billion, which exceeded the estimated $7.58 billion. This performance marks a record second-quarter revenue for U.S. Bancorp, as highlighted by the Wall Street Journal. It is also a significant improvement from the $7.00 billion in revenue reported in the prior year's quarter.
This growth is driven by strong lending activity and a significant increase in net interest income, which is the profit banks make from lending money. Following these results, U.S. Bancorp raised its 2026 net revenue growth outlook to a range of 7% to 9%, supported by expanding loan balances and fee growth.
From a financial health perspective, U.S. Bancorp has a debt-to-equity ratio of 1.42, which measures its use of debt to finance assets. Its current ratio of 1.78 suggests a solid ability to meet short-term obligations. The stock's valuation includes a trailing price-to-earnings ratio of 12.74.
