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

U.S. Bancorp (NYSE:USB) posted its quarterly earnings data on Thursday. The financial services provider reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.09, FiscalAI reports. U.S. Bancorp had a net margin of 18.49% and a return on equity of 13.69%. The business had revenue of $8.04 billion for the quarter, compared to the consensus estimate of $8 billion.

U.S. Bancorp Price Performance

Shares of NYSE USB opened at $56.29 on Thursday. The firm has a 50-day simple moving average of $61.05 and a 200-day simple moving average of $58.97. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $87.71 billion, a price-to-earnings ratio of 11.35, a price-to-earnings-growth ratio of 1.06 and a beta of 1.00. U.S. Bancorp has a 52 week low of $45.02 and a 52 week high of $66.07.

U.S. Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be issued a dividend of $0.54 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This is a positive change from U.S. Bancorp’s previous quarterly dividend of $0.52. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.8%. U.S. Bancorp’s payout ratio is currently 43.11%.

Insider Activity

In related news, CEO Gunjan Kedia sold 27,267 shares of the company’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $62.37, for a total transaction of $1,700,642.79. Following the completion of the sale, the chief executive officer owned 426,262 shares of the company’s stock, valued at approximately $26,585,960.94. This represents a 6.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Stephen L. Philipson sold 36,906 shares of the firm’s stock in a transaction that occurred on Monday, July 20th. The stock was sold at an average price of $63.08, for a total transaction of $2,328,030.48. Following the completion of the transaction, the insider directly owned 74,969 shares in the company, valued at $4,729,044.52. This trade represents a 32.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.21% of the stock is currently owned by corporate insiders.

Key Stories Impacting U.S. Bancorp

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

• Positive Sentiment: Third-quarter earnings exceeded expectations. U.S. Bancorp reported GAAP diluted EPS of $1.34, up from $1.22 a year earlier, while adjusted EPS was reported at $1.41 versus the $1.32 consensus estimate. Net income rose 10% year over year to $2.21 billion. U.S. Bancorp Reports Third-Quarter 2026 Revenue
• Positive Sentiment: Revenue growth and expense control were constructive. Third-quarter net revenue increased 8.7% year over year to $7.97 billion, supported by 13.1% growth in noninterest income and a 69.3% increase in capital-markets revenue. Noninterest expense grew more slowly, helping offset pressure from the revenue miss. Average loans increased 8.0%, and the 10.8% Basel III standardized common-equity Tier 1 ratio indicates solid capital levels. U.S. Bancorp Q3 Earnings Beat
• Neutral Sentiment: Full-year revenue guidance was broadly in line. U.S. Bancorp forecast FY 2026 revenue of $31.0 billion to $31.3 billion, bracketing the $31.1 billion analyst consensus. The outlook does not provide a clear upward revision catalyst.
• Negative Sentiment: Credit costs and the revenue miss may be weighing on shares. Revenue fell slightly short of some estimates, while provision for credit losses climbed to $654 million from $571 million a year earlier. The stock was also facing technical pressure before earnings, trading below its 50-day moving average. Broader scrutiny of major banks’ reputation-risk and “debanking” policies adds a regulatory overhang for the sector. Treasury Banking Review

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. JPMorgan Chase & Co. cut their target price on shares of U.S. Bancorp from $69.00 to $65.00 and set a “neutral” rating for the company in a research note on Friday, October 2nd. Evercore raised shares of U.S. Bancorp from an “in-line” rating to an “outperform” rating and set a $72.00 price target on the stock in a research note on Monday, July 20th. CLSA set a $67.50 price objective on U.S. Bancorp in a report on Monday, July 20th. TD Cowen assumed coverage on U.S. Bancorp in a research note on Thursday, October 8th. They set a “buy” rating and a $70.00 price objective for the company. Finally, Truist Financial reduced their target price on U.S. Bancorp from $69.00 to $67.00 and set a “buy” rating for the company in a report on Thursday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $67.48.

U.S. Bancorp Company Profile

U.S. Bancorp is a financial services holding company headquartered in Minneapolis, Minnesota, and the parent company of U.S. Bank National Association. The company provides banking, lending, payment, investment, and wealth management services to individuals, businesses, government entities, and institutional clients.

Through U.S. Bank, its principal subsidiary, U.S. Bancorp offers checking and savings accounts, credit cards, mortgages, consumer and business loans, commercial banking, treasury management, investment services, and financial planning.