US Bancorp (USB) stock got a boost on Wednesday after the financial company released its Q1 2025 earnings report. The report began with diluted earnings per share of $1.03, beating Wall Street’s estimate of 98 cents. The company’s EPS also grew 32% year-over-year from 78 cents.
US Bancorp’s revenue in Q1 2025 was $6.96 billion, above the $6.91 billion that analysts expected. It also rose 3.6% from the $6.71 billion in revenue reported in the first quarter of 2024. The company’s revenue growth was fueled by a 2.7% increase in net interest income on a taxable equivalent basis and a 5% increase in noninterest income.
UBS stock climbed nearly 1% alongside its latest earnings report. That followed a 1.13% increase on Tuesday, but shares are still down 18.26% year-to-date. However, that’s tied to economic uncertainty in the U.S., not US Bancorp’s performance.
US Bancorp CEO Comments
New US Bancorp CEO Gunjan Kedia highlighted the company’s strong Q1 performance in the earnings report. He also addressed the current state of the U.S. economy, stating, “As we navigate macro economic uncertainties, we will continue to manage the bank with strong risk management capabilities.”
Kedia took over as the CEO of US Bancorp on Tuesday. He succeeded Andy Cecere, who now serves as the Executive Chairman of the company’s Board of Directors. Kedia joined US Bancorp in 2016 as its Vice Chairman and was its President, a title he still holds, before taking over as CEO.
Is USB Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts’ consensus rating for US Bancorp is Moderate Buy, based on 10 Buy, five Hold, and one Sell ratings over the last three months. With that comes an average price target of $53.72, representing a potential 39.06% upside for USB stock. These ratings and price targets will likely change as analysts update their coverage after today’s earnings.
