U.S. Bancorp (USB) said its second quarter results were strong, with record net revenue driving earnings per share growth of 22% year-over-year, and return on tangible common equity of 18.7%. The company noted that its record net revenue was driven by robust loan growth, broad-based fee momentum, and one month impact from the BTIG acquisition. For fiscal 2026, including BTIG, the company projects: total net revenue growth of 7% to 9%. Excluding BTIG, the company expects: total net revenue growth of 5% to 7%.
Second quarter net income attributable to U.S. Bancorp was $2.177 billion, an increase of 20% year-over-year. Earnings per common share was $1.35, an increase of 22%. Total net revenue was $7.71 billion compared to $7.00 billion. Total net revenue, excluding BTIG fee revenue, was $7.66 billion, for the quarter.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
September 04, 2026 15:08 ET The job report and foreign trade data were the main economic news from the U.S. in the first week of September. Elsewhere in North America, the Canadian central bank announced its latest policy decision. Inflation data from Eurozone was the highlight in Europe. The latest interest rate decision by the Reserve Bank of New Zealand drew attention in Asia.