Want to see USB full AI Analyst Report?
Top Page
US Bancorp
(NYSE:USB)
Select Model
Select Model
Rating:76Outperform
Price Target:
$72.00
â–²(12.55% Upside)
Action:Reiterated
Date:08/07/26
The score is driven primarily by solid financial performance (improving profitability and strong cash generation) and a constructive earnings outlook from the latest call (upgraded growth expectations despite manageable integration/reserve headwinds). Technicals add support with an uptrend across major moving averages, while valuation remains attractive (P/E ~12.6 and ~3.3% yield). The main constraint on the score is rising leverage and some volatility in growth and cash-flow trends.
Positive Factors
Diversified fee income and capital-markets expansion
A higher and diversified fee base (payments, treasury, wealth, and growing capital‑markets revenues via BTIG) reduces dependence on NII cycles. Early BTIG contribution and management targets to grow capital markets toward >10% of revenue support more stable, higher‑margin fee streams over the medium term.
Negative Factors
Rising leverage and balance-sheet risk
Leverage increase tightens financial flexibility and raises sensitivity to funding stress or credit shocks. Even with growing equity, higher debt-to-equity and modest operating cash flow relative to total debt (~20%) elevate structural balance‑sheet risk and could constrain capital allocation if leverage trends persist.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified fee income and capital-markets expansion
A higher and diversified fee base (payments, treasury, wealth, and growing capital‑markets revenues via BTIG) reduces dependence on NII cycles. Early BTIG contribution and management targets to grow capital markets toward >10% of revenue support more stable, higher‑margin fee streams over the medium term.
Read all positive factors
US Bancorp Key Performance Indicators (KPIs)
Any
Income Before Taxes by Segment
Reports each segment’s profitability before taxes, revealing which businesses actually contribute to the company’s earnings after costs. Consistently strong pre‑tax income points to efficient, scalable operations; weak or shrinking segments may signal poor returns, heavy investment, or rising credit costs that could drag overall performance.
Reports each segment’s profitability before taxes, revealing which businesses actually contribute to the company’s earnings after costs. Consistently strong pre‑tax income points to efficient, scalable operations; weak or shrinking segments may signal poor returns, heavy investment, or rising credit costs that could drag overall performance.
Data provided by:
The Fly
The FlyUS Bancorp (USB) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$100.17B
Dividend Yield3.2%
Average Volume (3M)8.89M
Price to Earnings (P/E)13.0
Beta (1Y)1.04
Revenue Growth2.39%
EPS Growth19.99%
CountryUS
Employees70,000
SectorFinancial
Sector Strength70
IndustryBanks - Diversified
Share Statistics
EPS (TTM)5.01
Shares Outstanding1,558,051,400
10 Day Avg. Volume9,317,573
30 Day Avg. Volume8,893,442
Financial Highlights & Ratios
PEG Ratio0.53
Price to Book (P/B)1.27
Price to Sales (P/S)1.94
P/FCF Ratio10.41
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$70.22Price Target Upside9.77% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering18
EPS Forecast (FY)5.22
Revenue Forecast (FY)$30.96B
US Bancorp Business Overview & Revenue Model
Company Description
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...
How the Company Makes Money
U.S. Bancorp primarily earns revenue from a mix of net interest income and noninterest (fee) income. Net interest income is generated by taking in customer deposits and other funding, then deploying those funds into interest-earning assets—such as...
US Bancorp Earnings Call Summary
Earnings Call Date:Jul 16, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 15, 2026
Earnings Call Sentiment Positive
The call conveyed strong operational momentum: record revenue, double-digit fee growth, meaningful loan growth, improved profitability and credit metrics, and upgraded guidance. Management acknowledged near-term integration costs (BTIG and Amazon), merchant processing softness (notably in Europe), and some expense/headwind items tied to strategic investments. Overall the positive drivers (revenue upgrades, fee acceleration, loan growth, improved efficiency and credit quality) outweigh the limited and largely transitory lowlights tied to integration costs, merchant processing softness, and seasonal deposit mix shifts.Positive Updates
Earnings Per Share Growth
Reported EPS of $1.35, an increase of approximately 22% year-over-year.
Negative Updates
Merchant Processing Slowdown
Merchant processing growth slowed during the quarter, with softness in Europe and loss of some non-strategic distribution partners expected to weigh on merchant trends for several quarters.
Read all updates
Q2-2026 Updates
Positive
Negative
Earnings Per Share Growth
Reported EPS of $1.35, an increase of approximately 22% year-over-year.
Read all positive updates
Company Guidance
Management guided third‑quarter net interest income growth of 4%–6% (FTE) YoY and total fee revenue growth of 12%–14% YoY (with BTIG contributing roughly $200M per quarter in H2 after a ~$98M June month), while non‑interest expense is expected to rise ~8% YoY for Q3 (~3.5% ex‑BTIG); they also expect to recognize ~ $160M of reserve build related to the Amazon Small Business portfolio (closing mid‑August) and noted Amazon will contribute roughly $75M–$85M of revenue (majority NII), ~half of which is assumed in Q3 and fully in Q4. For full‑year 2026 the firm now expects total net revenue growth of 7%–9% (5%–7% ex‑BTIG), about 200 basis points of positive operating leverage for the year (over 300 bps ex‑BTIG), assumes a ~15% BTIG contribution margin with ~ $60M of integration costs, and reiterated net interest income should be mid‑single digits for the year (projected north of 5%).US Bancorp Financial Statement Overview
Summary
Income Statement
77
Positive
Balance Sheet
62
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 43.74B | 42.86B | 42.71B | 40.62B | 27.40B | 23.71B |
| Gross Profit | 27.90B | 26.93B | 25.10B | 25.74B | 22.21B | 23.89B |
| EBITDA | 10.86B | 10.29B | 8.85B | 7.88B | 7.86B | 10.66B |
| Net Income | 8.17B | 7.58B | 6.30B | 5.43B | 5.83B | 7.96B |
Balance Sheet | ||||||
| Total Assets | 725.92B | 692.35B | 678.32B | 663.49B | 674.80B | 573.28B |
| Cash, Cash Equivalents and Short-Term Investments | 66.49B | 137.73B | 142.87B | 130.56B | 125.59B | 161.31B |
| Total Debt | 96.01B | 77.93B | 73.52B | 66.76B | 71.05B | 43.92B |
| Total Liabilities | 658.02B | 626.69B | 619.28B | 607.72B | 623.57B | 517.90B |
| Stockholders Equity | 67.43B | 65.19B | 58.58B | 55.31B | 50.77B | 54.92B |
Cash Flow | ||||||
| Free Cash Flow | 12.38B | 7.97B | 11.27B | 8.45B | 21.12B | 9.87B |
| Operating Cash Flow | 12.38B | 7.97B | 11.27B | 8.45B | 21.12B | 9.87B |
| Investing Cash Flow | -28.35B | -20.54B | -24.53B | 18.93B | 7.50B | -57.49B |
| Financing Cash Flow | 24.14B | 2.25B | 8.57B | -19.72B | -3.98B | 13.94B |
US Bancorp Technical Analysis
Positive
63.97
Price Trends
60.96
Positive
57.48
Positive
54.58
Positive
Market Momentum
0.91
Positive
64.50
Neutral
79.59
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For USB, the sentiment is Positive. The current price of 63.97 is above the 20-day moving average (MA) of 63.80, above the 50-day MA of 60.96, and above the 200-day MA of 54.58, indicating a bullish trend. The MACD of 0.91 indicates Positive momentum. The RSI at 64.50 is Neutral, neither overbought nor oversold. The STOCH value of 79.59 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for USB.
US Bancorp Risk Analysis
US Bancorp disclosed 33 risk factors in its most recent earnings report. US Bancorp reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
US Bancorp Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $36.42B | 13.65 | 10.66% | 2.40% | 0.31% | 22.76% | |
76 Outperform | $100.17B | 12.98 | 12.49% | 3.25% | 2.39% | 19.99% | |
76 Outperform | $101.42B | 14.04 | 12.34% | 2.83% | 5.73% | 24.15% | |
74 Outperform | $52.24B | 19.60 | 8.43% | 2.79% | 17.05% | -8.65% | |
72 Outperform | $63.90B | 11.94 | 9.01% | 4.02% | 0.36% | 18.53% | |
72 Outperform | $26.92B | 12.74 | 11.79% | 3.43% | 0.26% | 14.72% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
* Financial Sector Average
USB
US Bancorp
65.02
20.20
45.06%
TFC
Truist Financial
52.67
9.27
21.37%
FITB
Fifth Third Bancorp
58.01
16.44
39.55%
MTB
M&T Bank
253.55
65.92
35.13%
PNC
PNC Financial
255.46
68.22
36.44%
RF
Regions Financial
31.60
6.76
27.19%
US Bancorp Corporate Events
Business Operations and StrategyFinancial DisclosuresM&A TransactionsProduct-Related Announcements
U.S. Bancorp Posts Strong Second-Quarter 2026 Results
Positive
Jul 17, 2026
U.S. Bancorp reported strong results for the quarter ended June 30, 2026, with record net revenue of $7.712 billion, driven by 7.5% growth in net interest income and 13.2% growth in fee revenue. Net income rose 20% year over year to $2.177 billion...
Business Operations and StrategyStock BuybackDividendsFinancial DisclosuresRegulatory Filings and Compliance
US Bancorp Highlights Strong Capital and Boosted Shareholder Returns
Positive
Jun 24, 2026
On June 24, 2026, U.S. Bancorp said the Federal Reserve’s decision to hold existing stress test-related capital buffer rules means its Stress Capital Buffer will stay at 2.6% until October 1, 2027, keeping its minimum Common Equity Tier 1 re...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.