U.S. Bancorp (USB-PR) reported third-quarter 2026 total net revenue of $7.970 billion, up 8.7% from $7.329 billion a year earlier. GAAP net income was $2.208 billion, up 10.0% year over year, while net income attributable to U.S. Bancorp was $2.202 billion.
Diluted earnings per common share were $1.34, compared with $1.22 in the prior-year quarter. The company reported a 2.84% net interest margin and a 10.8% Basel III standardized common equity tier 1 capital ratio at September 30, 2026.
- Net interest income was $4.468 billion, up 5.8% year over year.
- Noninterest income rose 13.1% to $3.480 billion; capital markets revenue increased 69.3% to $640 million.
- Noninterest expense increased 7.1% to $4.493 billion.
- Provision for credit losses was $654 million, compared with $571 million a year earlier.
- Average total loans increased 8.0% year over year to $409.548 billion, while average deposits rose 2.9% to $526.602 billion.
