U.S. Bancorp Q3 FY2026: revenue up 8.7% year over year, EPS $1.34
U.S. Bancorp's third quarter was a steady operating beat that landed flat on EPS: revenue of $7.97 billion rose 8.7% from a year earlier, net income reached $2.20 billion, and diluted EPS of $1.34 matched the $1.34 consensus almost exactly. Read the quarter through the margin (2.84%) and the efficiency ratio (55.9%), both improving, then check the $654 million credit provision.
1 · Expected vs. Actual
Free preview belowDiluted EPS of $1.34 came in a fraction of a cent below the $1.34 consensus, and down a cent from $1.35 in the second quarter. Year over year it is up 9.8% from $1.22, and return on average common equity held at 13.6%. The diluted share count barely moved at 1,559 million, so the gain is operating, not per-share arithmetic.
Revenue of $7.97 billion was up 8.7% from $7.33 billion a year earlier and 3.3% from $7.71 billion in the second quarter. Net interest income did the heavy lifting at $4.47 billion, while noninterest income reached $3.48 billion, helped by $640 million of capital markets revenue. Loan growth was real, with total loans of $415.25 billion versus $382.52 billion a year earlier.
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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 2026-11-06
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