U.S. Bancorp ( (USB) ) has released its Q3 earnings. Here is a breakdown of the information U.S. Bancorp presented to its investors.
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U.S. Bancorp, headquartered in Minneapolis, is a diversified financial services company offering consumer, business, commercial, institutional banking, payments, and wealth management services. The company is recognized for its digital innovation and community partnerships.
In the third quarter of 2025, U.S. Bancorp reported record net revenue of $7.3 billion, a 6.8% increase from the previous year, driven by solid growth in net interest income and fee revenue. The company’s net income rose to $2.001 billion, marking a 16.7% year-over-year increase, with diluted earnings per share reaching $1.22, an 18.4% rise from the same period last year.
Key financial metrics showed strong performance, with a return on tangible common equity of 18.6% and a net interest margin of 2.75%. The efficiency ratio improved to 57.2%, and the CET1 capital ratio increased to 10.9%. U.S. Bancorp’s strategic initiatives included expanding its digital asset custody services and launching new embedded financial tools for small businesses.
Looking ahead, U.S. Bancorp’s management remains optimistic about sustaining growth and maintaining strong asset quality and capital levels. The company aims to continue executing its strategy to deliver long-term value to stakeholders while navigating economic uncertainties.