• U.S. Bancorp (NYSE: USB) reported third-quarter 2026 earnings per share of $1.34, surpassing analyst estimates.
• Despite an 8.8% year-over-year increase, revenue of $7.97 billion fell slightly short of expectations.
• The company achieved its fourth consecutive earnings beat, demonstrating consistent profitability.

U.S. Bancorp (NYSE: USB) reported third-quarter 2026 earnings before the market opened on October 15, 2026. The company operates U.S. Bank, which provides loans, deposit accounts and payment services to consumers and businesses. Its earnings per share were $1.34, above the $1.32 estimate.

Earnings per share measure profit divided by the number of shares. U.S. Bancorp’s $1.34 per share rose from $1.22 a year earlier and beat the $1.32 Zacks consensus estimate by 1.52%. The quarter marks its fourth consecutive earnings beat, as highlighted by Zacks.

Revenue reached $7.97 billion, up from $7.33 billion a year earlier. That is 8.8% growth, but it fell short of the $8.00 billion estimate cited in the initial report. Zacks lists a slightly higher estimate of $8.01 billion and says revenue missed its consensus by 0.46%.

U.S. Bancorp’s trailing price-to-earnings ratio is 11.14. This compares its share price with its earnings over the past year. Its price-to-sales ratio is 2.02, which compares its market value with annual revenue. These measures offer context for the results but do not explain why earnings beat estimates while revenue missed.