U.S. Bancorp reported record net revenue and higher earnings for the third quarter on October 15, 2026. The Minneapolis-based bank's official results release showed continued growth in both lending and fee-generating businesses.

U.S. Bancorp stock traded at 55.33 euros on Lang & Schwarz at 14:18 CET on Thursday, November 5, 2026.

Revenue growth broadens

Net revenue reached 7.97 billion U.S. dollars, a record for the bank and an increase of 8.7 percent from the third quarter of 2025. Net income rose 10.0 percent year over year to 2.202 billion U.S. dollars, while diluted earnings per common share increased 9.8 percent to 1.34 U.S. dollars.

Net interest income on a taxable-equivalent basis rose 5.6 percent year over year. Fee revenue increased 14.9 percent, supporting a broader revenue mix as the bank continued to invest in payments, wealth services and corporate banking.

The quarter included a full contribution from BTIG, the capital-markets business acquired by U.S. Bancorp. The company said capital-markets revenue increased 69.3 percent from a year earlier. Management also reported 8.0 percent growth in average loans and 2.9 percent growth in average deposits.

Efficiency and credit remain central

Positive operating leverage improved by 240 basis points from the prior-year quarter. The efficiency ratio was 55.9 percent, while return on average assets reached 1.25 percent. The net interest margin rose to 2.84 percent from 2.75 percent a year earlier.

Credit quality also improved in the reported period. U.S. Bancorp said its net charge-off ratio declined to 51 basis points. The common equity tier 1 capital ratio stood at 10.8 percent on September 30, 2026, giving investors a key capital reference as the bank expands its balance sheet.

Payments and digital assets advance

Chief Executive Officer Gunjan Kedia said the bank's Payments transformation delivered combined revenue growth of 6.5 percent year over year. U.S. Bancorp also launched two small-business credit cards and expanded its Business Essentials offering, linking deposits, payments and expense-management services.

The bank additionally completed a live pilot transaction using USBDC, its proprietary U.S. dollar-backed stablecoin, for a cross-border payment between entities in North America and Europe. The pilot used the Stellar blockchain and tested functions including minting, redemption, freezing and clawbacks. Management is exploring liquidity management, collateral mobility and cross-border treasury applications.

U.S. Bancorp at a glance

  • Company: U.S. Bancorp
  • ISIN: US9029733048
  • Primary ticker: USB
  • Home exchange: NYSE
  • Lang & Schwarz quote: 55.33 euros at 14:18 CET on November 5, 2026
  • Third-quarter net revenue: 7.97 billion U.S. dollars
  • Third-quarter diluted EPS: 1.34 U.S. dollars

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