U.S. Bancorp (USB) Research | Aerarium Research

Forward Estimates

EPS Estimates

Current Qtr

$1.26

$1.20$1.30

vs $1.11+13.3%

12 analysts

Next Qtr

$1.31

$1.27$1.35

vs $1.22+7.4%

12 analysts

Current Yr

$5.10

$5.01$5.20

vs $4.62+10.5%

15 analysts

Next Yr

$5.65

$5.37$5.90

vs $5.10+10.7%

15 analysts

Revenue Estimates

Current Qtr

$7.54B

$7.48B$7.63B

vs $7.00B+7.7%

7 analysts

Next Qtr

$7.76B

$7.68B$7.91B

vs $7.33B+5.9%

7 analysts

Current Yr

$30.42B

$30.22B$30.78B

vs $28.66B+6.1%

8 analysts

Next Yr

$32.13B

$31.65B$32.71B

vs $30.42B+5.6%

8 analysts

SEC filings →

View all 10-K, 10-Q, and 8-K filings for USB on EDGAR.

USB filing events and research context
Filed	Item	Context
May 4, 2026	mda_quarterly	U.S. Bancorp repurchased shares during the first quarter of 2026, with detailed figures provided in the report's capital management section. No directors or officers adopted or terminated Rule 10b5-1 or non-Rule 10b5-1 trading arrangements during the three months ended March 31, 2026. The company updated its 2024 Stock Incentive Plan and established an Executive Change in Control Severance Plan, alongside new award agreements for Performance Restricted Stock Units and Restricted Stock Units for executive officers effective January 26, 2026. U.S. Bancorp continues to pay quarterly dividends on its common stock, which is listed on the New York Stock Exchange under the ticker symbol USB. Ernst & Young LLP serves as the independent auditor, and Computershare acts as the transfer agent and registrar for dividend payments and shareholder records.
Feb 23, 2026	business	U.S. Bancorp is a Minneapolis-based financial services holding company operating primarily through its subsidiary, U.S. Bank National Association (USBNA). The company provides a comprehensive suite of services, including commercial and consumer lending, depository services, cash management, capital markets, trust and investment management, credit card services, and merchant processing. Its operations are organized into four primary segments: Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support. The company maintains a significant physical footprint with 2,075 branches across 26 states, complemented by a robust digital banking platform and a network of 4,428 ATMs. In early 2026, U.S. Bancorp announced a definitive agreement to acquire BTIG, a global firm specializing in institutional trading and investment banking, for up to $1 billion. As a Category III banking organization, U.S. Bancorp is subject to stringent regulatory oversight, including enhanced prudential standards under the Dodd-Frank Act, Basel III capital and liquidity requirements, and periodic stress testing. Key risks include interest rate volatility, credit quality deterioration, cybersecurity threats, and evolving regulatory requirements regarding capital adequacy, anti-money laundering (AML) compliance, and consumer protection. The company’s performance is sensitive to macroeconomic conditions, competitive pressures from fintechs, and shifting regulatory policies.
Feb 23, 2026	mda	U.S. Bancorp’s financial performance is primarily driven by its diversified business model, which balances traditional community banking with national scale operations in payment services, corporate and commercial banking, and wealth management. A critical driver of net interest income remains the management of net interest margin, which is sensitive to fluctuations in the federal funds rate and the resulting shifts in deposit costs and loan yields. The company continues to prioritize the integration of the Union Bank acquisition, focusing on realizing projected cost synergies and expanding its footprint in key West Coast markets. Fee-based revenue, particularly from the Elavon merchant processing business and corporate trust services, serves as a vital hedge against interest rate volatility. Risk management remains centered on credit quality, with ongoing monitoring of commercial real estate exposure and consumer loan portfolios amid broader macroeconomic uncertainty. Capital allocation strategies emphasize maintaining strong Common Equity Tier 1 ratios to support regulatory compliance and shareholder returns through dividends and share repurchases. Operational efficiency is managed through disciplined expense control, specifically targeting investments in digital transformation and cybersecurity to maintain competitive positioning in an increasingly digitized financial services landscape.

Filed

Item

Context

May 4, 2026

mda_quarterly

U.S. Bancorp repurchased shares during the first quarter of 2026, with detailed figures provided in the report's capital management section. No directors or officers adopted or terminated Rule 10b5-1 or non-Rule 10b5-1 trading arrangements during the three months ended March 31, 2026. The company updated its 2024 Stock Incentive Plan and established an Executive Change in Control Severance Plan, alongside new award agreements for Performance Restricted Stock Units and Restricted Stock Units for executive officers effective January 26, 2026. U.S. Bancorp continues to pay quarterly dividends on its common stock, which is listed on the New York Stock Exchange under the ticker symbol USB. Ernst & Young LLP serves as the independent auditor, and Computershare acts as the transfer agent and registrar for dividend payments and shareholder records.

Feb 23, 2026

business

U.S. Bancorp is a Minneapolis-based financial services holding company operating primarily through its subsidiary, U.S. Bank National Association (USBNA). The company provides a comprehensive suite of services, including commercial and consumer lending, depository services, cash management, capital markets, trust and investment management, credit card services, and merchant processing. Its operations are organized into four primary segments: Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support. The company maintains a significant physical footprint with 2,075 branches across 26 states, complemented by a robust digital banking platform and a network of 4,428 ATMs. In early 2026, U.S. Bancorp announced a definitive agreement to acquire BTIG, a global firm specializing in institutional trading and investment banking, for up to $1 billion. As a Category III banking organization, U.S. Bancorp is subject to stringent regulatory oversight, including enhanced prudential standards under the Dodd-Frank Act, Basel III capital and liquidity requirements, and periodic stress testing. Key risks include interest rate volatility, credit quality deterioration, cybersecurity threats, and evolving regulatory requirements regarding capital adequacy, anti-money laundering (AML) compliance, and consumer protection. The company’s performance is sensitive to macroeconomic conditions, competitive pressures from fintechs, and shifting regulatory policies.

Feb 23, 2026

mda

U.S. Bancorp’s financial performance is primarily driven by its diversified business model, which balances traditional community banking with national scale operations in payment services, corporate and commercial banking, and wealth management. A critical driver of net interest income remains the management of net interest margin, which is sensitive to fluctuations in the federal funds rate and the resulting shifts in deposit costs and loan yields. The company continues to prioritize the integration of the Union Bank acquisition, focusing on realizing projected cost synergies and expanding its footprint in key West Coast markets. Fee-based revenue, particularly from the Elavon merchant processing business and corporate trust services, serves as a vital hedge against interest rate volatility. Risk management remains centered on credit quality, with ongoing monitoring of commercial real estate exposure and consumer loan portfolios amid broader macroeconomic uncertainty. Capital allocation strategies emphasize maintaining strong Common Equity Tier 1 ratios to support regulatory compliance and shareholder returns through dividends and share repurchases. Operational efficiency is managed through disciplined expense control, specifically targeting investments in digital transformation and cybersecurity to maintain competitive positioning in an increasingly digitized financial services landscape.

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USB filing events and research context

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