U.S. Bancorp 2Q26 EPS rises 21.6% to $1.35; revenue increases 7.3% to $7.71 billion
USB•U.S. Bancorp posts higher 2Q26 profit and revenue
- U.S. Bancorp posted 2Q26 net income to company of $2.18 billion, up 19.9% year over year; diluted EPS rose 21.6% to $1.35.
- Net interest income increased 7.5% from 2Q25 to $4.39 billion, while noninterest income climbed 13.7% to $3.33 billion.
- Fee revenue rose 13.2% to $3.37 billion, with capital markets revenue more than doubled to $512 million; payment services fees grew 5.5% to $1.04 billion.
- Efficiency ratio improved 210 basis points to 57.1%, while return on average assets rose to 1.26% from 1.08% a year earlier.
- BTIG deal closed June 1; BTIG booked about $98 million of June fee revenue, and management expects about $200 million of quarterly net revenue at a 15%–20% margin.
