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U.S. Bancorp

NYSE: USB

Stock price

57.03 USD

(-8.5%) 5 years

Diversified BanksBanks - Diversified

Financial Performance

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5Y price score: (11)

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The price score is a basic measure of the stock's performance against the S&P 500 Index over a five-year period.

A score of 100 indicates that the stock did as well as the S&P 500 Index.

A score below 100 means the stock underperformed the index, while a score above 100 means it outperformed the S&P 500.

10Y return: 68.1%

DATE RANGE:

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  • Free cash flow per share

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45.0

52-week range

66.0

57.03

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Required return / cost of capital
%
FCFF terminal growth rate
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Your fair value & Margin of safety

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Valuation

Free Cash Flow Yield

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FCF Yield TTM = Trailing Twelve Months free cash flow per share / current market price per shareLearn more

14 %

Dividend Yield TTM

3.7 %

Market cap $

$ 88,837

Price / Earnings TTM

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P/E TTM = current market price per share / Trailing Twelve Months diluted earnings per shareLearn more

11.4

Price / Book TTM

1.3

PEG TTM

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Price/Earnings-to-Growth ratio = P/E TTM divided by most recent annual diluted earnings per share growth rateLearn more

0.5

Earnings growth and return

LTM

5YR

10YR

Total return (price & dividends)

25.7 %

6.9 %

68.1 %

Free cash flow per share growth

137.9 %

108.1 %

3.4 %

Earnings per share growth

21.6 %

50.7 %

45.9 %

Founded: 1,968

Employees: 70,000

Business Summary:U.S. Bancorp (USB) functions as a broad-based financial services holding company, delivering a comprehensive spectrum of banking and financial solutions throughout the United States. Its diverse customer base includes individual consumers, various businesses, institutional organizations, governmental bodies, and other financial entities. The company organizes its operations across key segments: Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support. Its offerings encompass fundamental depository services such as checking accounts, savings accounts, and time certificates. U.S. Bancorp also extends a variety of credit facilities, including traditional lending products, credit card services, lease financing, support for import/export trade, asset-backed lending, and agricultural finance. Furthermore, it provides supplementary services like capital markets access, treasury management, and receivable lock-box collection for its corporate and governmental clients. The firm also offers a full suite of asset management and fiduciary services designed for individuals, estates, foundations, corporations, and charitable organizations. Beyond these, the company supplies investment and insurance products, predominantly to customers within its operating regions, and delivers fund administration services to a range of mutual and other investment funds. Its portfolio also includes corporate and purchasing card services, corporate trust management, and merchant processing. U.S. Bancorp's capabilities additionally span investment management, ATM network operation, mortgage banking, insurance provision, brokerage activities, and leasing services. As of December 31, 2021, the company distributed its products and services through a physical network of 2,230 banking branches, mainly concentrated in the Midwest and Western United States. Digital access was also extensively provided via online platforms, mobile devices, and other electronic channels. Additionally, it managed a network of 4,059 ATMs. Founded in 1863, U.S. Bancorp is headquartered in Minneapolis, Minnesota.

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Fair Value Reference Estimate

Latest Earnings Call Takeaways

2026 Q2 (Jul 16, 2026)

1) Financial Performance Highlights
- Earnings per share (EPS) increased by 22% YoY to $1.35.
- Record net revenue reached $7.7 billion, reflecting a 10.1% YoY growth.
- Fee income grew to 44% of total revenue, with a 13.2% YoY increase in total fee revenue, driven by capital markets and payments.
- Average loans totaled $405 billion, up 7.1% YoY, with strong growth in commercial real estate and card services.
- Net interest income increased 7.5% YoY to $4.4 billion, with a net interest margin (NIM) of 2.79%.

2) Strategic Initiatives and Growth Plans
- The acquisition of BTIG was highlighted as a significant milestone, generating approximately $98 million in its first month.
- U.S. Bancorp aims to grow capital markets to more than 10% of total revenue over time.
- The consumer franchise strategy focuses on expanding branch presence and enhancing digital offerings, with an annual investment increase from $200 million to $300 million.
- The introduction of interconnected products like Bank Smartly and Business Essentials is expected to drive consumer deposits, which have reached record levels.

3) Operational Efficiency and Cost Management
- Positive operating leverage of 400 basis points was achieved through disciplined expense management.
- Non-interest expenses totaled approximately $4.4 billion, with a 1.9% sequential increase, reflecting investments in technology and marketing.
- The efficiency ratio improved to 57.1%, indicating better cost management relative to revenue growth.

4) Challenges and Market Conditions
- Merchant processing growth slowed due to softness in Europe and the loss of some non-strategic distribution partners.
- The company anticipates some seasonal outflows in commercial deposits but expects consumer deposits to continue growing.
- The integration costs associated with BTIG are expected to impact margins in the near term but are seen as a necessary investment for future growth.

5) Guidance and Outlook
- For Q3 2026, U.S. Bancorp expects net interest income growth of 4%-6% and total fee revenue growth of 12%-14%.
- Full-year revenue growth is now projected at 7%-9%, up from the previous 4%-6% guidance.
- The company anticipates approximately $160 million in reserve build related to the Amazon Small Business Portfolio purchase, expected to close in mid-August.
- The transcript lacks specific details on the long-term impact of the Amazon partnership and the expected growth trajectory of BTIG post-integration.

Bottom line: U.S. Bancorp's strong Q2 2026 results reflect robust revenue growth, strategic acquisitions, and effective cost management, positioning the company well for sustained profitability and growth. Shareholders can expect continued focus on enhancing fee income and expanding market presence, despite some near-term challenges in specific segments.

Annual Reports, Presentations And IR Contacts

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Annual report links (10K)
2025202420232022202120202019201820172016

U.S. Bancorp — Financial Overview, Stock Price, Market Cap

U.S. Bancorp is a company. Founded in 1968. As of October 9, 2026, the company's market capitalization is $88837440448 with a current stock price of $57.03.