USB
U.S. Bancorp53.47
-0.24-0.45%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
83.21BP/E (TTM)
12.24Basic EPS (TTM)
4.37Dividend Yield
0.04%Recent Filings
10-Q
Q3 FY2025 results
U.S. Bancorp posted solid Q3 2025 results, with net interest income up 2.1% year-over-year to $4.2B on a taxable-equivalent basis, driven by asset mix shifts and fixed-rate repricing, while noninterest income surged 14.1% to $3.1B from trust fees and capital markets gains. Total net revenue climbed 6.8% to $7.3B, expenses dipped 0.2% to $4.2B, and the provision for credit losses edged up 2.5% to $571M amid loan growth, yielding net income of $2.0B, or $1.22 diluted EPS—18.4% higher than last year. Year-to-date, revenue rose 4.1% to $21.3B and net income hit $5.5B, or $3.35 per share, boosted by lower prior-year merger costs. Deposits grew 1.5% to $526.1B, long-term debt increased 7.8% to $62.5B after issuances, and total liquidity stood at $312.4B with strong capital ratios. Non-GAAP return on tangible common equity reached 18.6%. Yet competition from non-banks pressures margins.
8-K
Record revenue, EPS up 18.4%
U.S. Bancorp posted record net revenue of $7.3 billion in Q3 2025, up 6.8% year-over-year, fueled by 9.5% fee growth and a 2.0% rise in net interest income to $4.25 billion on a taxable-equivalent basis. Net income climbed 16.7% to $2.0 billion, with diluted EPS at $1.22—up 18.4%—while the efficiency ratio improved to 57.2%, delivering 530 basis points of positive operating leverage. Yet credit quality holds steady. Strong capital at 10.9% CET1.
8-K
Aircraft use agreements signed
U.S. Bancorp's banking subsidiary inked time sharing and charter flight reimbursement deals with CEO Gunjan Kedia on August 13, 2025, enabling reimbursed use of corporate aircraft for commuting and approved trips under FAA rules. These pacts, extendable yearly, cover variable costs like fuel and crew travel, with users footing the bill via invoices. Operational control stays with the bank. No financial impact disclosed.
10-Q
Q2 FY2025 results
U.S. Bancorp posted solid Q2 results, with net income attributable to the company up 13.2% year-over-year to $1.8 billion, or $1.11 per diluted share, while total net revenue rose 2.0% to $7.0 billion on a 0.7% increase in net interest income and 3.9% growth in noninterest income from higher trust fees and payments. Expenses dipped 0.8% to $4.2 billion, and the provision for credit losses fell 11.8% to $501 million amid improved credit quality and loan sales, though net charge-offs edged up 3.0% to $554 million. Average loans grew 1.0% year-over-year to $378.5 billion, deposits slipped 2.1% to $502.9 billion, and the net interest margin held steady at 2.66%. Liquidity remains robust with $297.6 billion in available sources, including $49.0 billion in cash at central banks and $189.6 billion in borrowing capacity from the Fed and FHLB, while long-term debt climbed 10.4% quarter-over-quarter to $64.0 billion from issuances. Non-GAAP return on tangible common equity stood at 18.0%. Yet regulatory changes to capital and liquidity rules pose ongoing challenges.
8-K
Q2 net income up 13%
U.S. Bancorp reported Q2 2025 net income of $1.815 billion, up 13.2% year-over-year, with diluted EPS rising 14.4% to $1.11 amid 2.0% revenue growth to $7.004 billion and a 250 bps positive operating leverage from expense discipline. Fee income surged 4.6% on payment services and trust fees, while net interest margin dipped to 2.66% due to deposit pressures, yet credit quality held steady with a 0.59% charge-off ratio and CET1 at 10.7%. Loan sales trimmed reserves by $53 million, bolstering capital amid economic volatility. Fee momentum endures.
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