The bank raised its full-year total net revenue growth forecast to 8% to 9% from a previous range of 7% to 9%. For the fourth quarter, it expects net interest income to rise 6% to 7% and fee revenue to increase 13% to 14%. US Bancorp also launched the USBDC stablecoin and new Business Essentials small-business credit cards, while declaring a dividend of $0.54 per common share.
Tuesday, October 20, 2026
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US Bancorp Posts Record $8B Revenue to Beat Q3 Earnings Estimates
Earnings6 days ago
US Bancorp reported diluted earnings per share of $1.34 for the third quarter, surpassing analyst estimates of $1.32 to $1.33. Net income grew 10% year-over-year to $2.2B, while net revenue reached a record $7.97B, an 8.7% increase. Performance was bolstered by a 69.3% surge in capital markets revenue to $640M following the full-quarter integration of BTIG, and net charge-offs of $523M came in below the estimated $567.2M.
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