US Bancorp Depositary (USB-PS) Q1 2026 Earnings Report

- USB-PS QQ1 2026 delivered earnings per share (EPS) of $1.18, up approximately 15% year over year, and total net revenue of about $7.3 billion, an increase of 4.7% YoY, underscoring broad-based growth across the three major business lines. Net interest income (NII) on a fully taxable equivalent basis rose 4.1% YoY to roughly $4.3 billion, supported by robust core loan growth in commercial and credit card and record consumer deposits. Fee income rose 6.9% YoY, driven by capital markets strength, payments momentum, and investment services, contributing to sustained revenue growth amidst ongoing expense discipline.