U.S. Bancorp Q2 FY2026: revenue +10.1%, EPS $1.35 tops $1.29 consensus
U.S. Bancorp's second quarter of fiscal 2026 was a clean beat: $7.712 billion of revenue, up 10.1% year over year, $1.35 of diluted EPS against a $1.2894 consensus, and a 2.79% net interest margin. The read is positive on earnings power, but the filing has no forward guidance, so grade it on the run-rate and on credit costs. Start with the scorecard, then the balance sheet.
1 · Expected vs. Actual
Free preview belowDiluted EPS of $1.35 beat the $1.2894 consensus by 4.7% and rose 21.6% from $1.11 a year earlier. Return on average common equity rose to 14.0% from 12.9%, helped by an efficiency ratio that improved to 57.1% from 59.2%.
Revenue of $7.712 billion was up 10.1% from $7.004 billion a year earlier and 5.8% above the $7.288 billion booked last quarter. Both engines worked: net interest income of $4.361 billion and noninterest income of $3.325 billion, with the net interest margin widening to 2.79% from 2.66% a year ago.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
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