U.S. Bancorp (USB)
NYSEFinancialsBanks - DiversifiedSnapshot 2026-09-04
$63.37-0.25%
Close 2026-09-04 · 1-day change
NYSEFinancialsBanks - DiversifiedSnapshot 2026-09-04
QuarterlyIQ Insights · USB
How strong the business is — where it ranks within its sector on capital efficiency and cash generation, and how well management has been executing.
How this business ranks within financials on a research-validated quality screen. As of 2026-09-04.
The screen ranks USB against its sector on four durable signals: share dilution, return on capital, free-cash-flow yield, and FCF margin. Historically the highest-quality names tended toward better typical outcomes and fewer bad years over multi-year holds (strongest at three years, modest at one), and that pattern showed up even before the price moved. It characterizes business quality, not price direction.
Each leg is a sector-relative percentile (higher is better); 3 of 4 legs were available for this name. The composite is built from these four; the raw value follows each percentile for context.
A forward quality tilt, not a price prediction, and context for your own research rather than a recommendation. Not investment advice.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 2 of the last 3 quarter-over-quarter moves. Historically, Financials names rated strong grew net income 67% of the time over the next year (vs 56% for the rest of the cohort, n=7680).
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Met or beat guidance 100% of the last 1 guided quarters · 3.3% avg surprise
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Continue to grow net income, diluted EPS, and achieve positive operating leverage through loan growth, fee revenue expansion, and expense discipline.
Stated as a priority in 8 of last 8 quarters. Net income grew from $1.815B in 2025-Q2 to $2.177B in 2026-Q2, diluted EPS increased 22% YoY to $1.35, and positive operating leverage of 400 bps was achieved in 2026-Q2. Management consistently emphasizes sustainable earnings growth and positive operating leverage, and the financial results show delivering trajectory.
“We remain focused on delivering sustainable growth, attractive returns, and long-term value for shareholders.”
“We delivered diluted earnings per share of $1.18, up 15% year-over-year, and positive operating leverage of 440 basis points.”
“We remain committed to our strategic priorities and medium-term targets as these measures will continue to drive sustainable EPS growth and industry-leading returns.”
“We remain confident in our ability to deliver sustainable growth, maintain disciplined risk management, and continue creating long-term value.”
“We remain committed to executing on our strategic priorities and making disciplined progress towards achieving our medium-term financial targets.”
“We will continue to manage the bank with strong risk management capabilities and deliver strong and consistent financial results.”
“We are well positioned to deliver industry-leading returns on tangible common equity and remain confident in our strategy for future growth.”
Integrate BTIG acquisition to enhance capital markets services and drive fee revenue growth.
Stated as a priority in 4 of last 8 quarters. Capital markets revenue grew from $315M in 2025-Q2 to $512M in 2026-Q2, a 62.5% increase, with BTIG contributing $98M in fee revenue in 2026-Q2. Management has consistently emphasized the BTIG acquisition to expand capital markets capabilities, and the revenue growth reflects delivering progress.
Increase average total loans and deposits, emphasizing commercial loans and credit card growth.
Stated as a priority in 8 of last 8 quarters. Average total loans grew from $378.5B in 2025-Q2 to $405.5B in 2026-Q2 (+7.1%), driven by commercial and credit card segments. Average total deposits increased from $502.9B to $515.1B (+2.4%) over the same period. Management consistently emphasizes loan and deposit growth focus, and the financials show delivering progress.
Grow fee revenue by expanding payment services, capital markets, and investment management fees.
Stated as a priority in 6 of last 8 quarters. Noninterest income increased 13.7% YoY from $2.924B in 2025-Q2 to $3.325B in 2026-Q2, driven by broad fee revenue growth including payments and capital markets. Management consistently highlights fee revenue expansion, and the financials show delivering progress.
Sustain CET1 capital ratio around 10.8% and raise quarterly common stock dividend.
Stated as a priority in 4 of last 8 quarters. CET1 capital ratio remained stable around 10.8% from 2025-Q3 to 2026-Q2. Quarterly dividend per share increased from $0.50 in 2025-Q2 to $0.52 in 2026-Q2, with a planned increase to $0.54 starting 2026-Q3. Management has consistently emphasized capital strength and dividend growth, and the financials show delivering stability and incremental increases.
Over the trailing year it converted 0.70x of net income into operating cash flow. Historically, Financials names rated fragile grew net income 52% of the time over the next year (vs 61% for the rest of the cohort, n=6844).
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to the US dollar, long-term interest rates, real (inflation-adjusted) rates, Fed net liquidity (low R² over the window).
12 material management or governance events in the past 24 months, led by executive changes. Historically, Financials names rated neutral grew net income 56% of the time over the next year (vs 58% for the rest of the cohort, n=3751).
Not investment advice. As of 2026-09-04.
“We expect positive operating leverage to expand in the fourth quarter and into 2025.”
“Completed the acquisition of BTIG, reflecting approximately $98 million in fee revenue and $84 million of noninterest expense.”
“BTIG acquisition contributed to higher capital markets revenue and fee revenue growth.”
“U.S. Bancorp to acquire BTIG, LLC, expanding capital markets capabilities and strengthening client relationships.”
“BTIG acquisition announced, expected to close in 2026-Q2, to enhance capital markets capabilities.”
“Average total loans increased 7.1% year-over-year and 3.0% linked quarter; average total deposits increased 2.4% year-over-year.”
“Average total loans increased 3.8% year-over-year and 2.4% linked quarter; average total deposits increased 1.7% year-over-year.”
“Average total loans increased 2.3% year-over-year; average total deposits increased 0.6% year-over-year.”
“Average total loans increased 1.4% year-over-year; average total deposits increased 0.6% year-over-year.”
“Average total loans increased 1.0% year-over-year; average total deposits decreased 1.1% linked quarter.”
“Average total loans increased 2.1% year-over-year; average total deposits increased 0.7% year-over-year.”
“Average total loans increased 0.8% year-over-year; average total deposits increased 0.4% year-over-year.”
“Average total loans decreased 0.7% year-over-year; average total deposits decreased 0.7% year-over-year.”
“Noninterest income increased 13.7% year-over-year, reflecting higher fee revenue across all categories.”
“Noninterest income increased 5.7% year-over-year, driven by higher card revenue, merchant processing, and capital markets revenue.”
“Noninterest income increased 7.8% year-over-year, driven by higher payment services, trust and investment management, and capital markets revenue.”
“Noninterest income increased 14.1% year-over-year, driven by higher revenue across most categories.”
“Noninterest income increased 3.9% year-over-year, driven by payment services, trust and investment management fees.”
“Noninterest income increased 5.0% year-over-year, driven by higher payment services and trust and investment management fees.”
“CET1 capital ratio of 10.8% at June 30, 2026; dividends declared per common share $0.52.”
“CET1 capital ratio of 10.8% at March 31, 2026; dividends declared per common share $0.52.”
“CET1 capital ratio of 10.8% at December 31, 2025; dividends declared per common share $0.52.”
“CET1 capital ratio of 10.9% at September 30, 2025; dividends declared per common share $0.52.”