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60.47 USD
P/E
11.83
EPS
5.14
Yield
3.52%
Safety Score
100
P/B
1.59
ROE
12.84
Beta
1.03
Target Price
68.80 USD
U.S. Bancorp logo

U.S. Bancorp

🧾 Earnings Recap – Q3 2026

U.S. Bancorp’s shares rose 2.0% after earnings, a roughly flat reaction. The quarter showed revenue and EPS growth, positive operating leverage, and improving net interest margin, alongside a reserve build and continued expense growth.

  • Revenue reached a record approximately $8.0 billion, up 8.7% year over year; growth was 6.4% excluding BTIG and securities losses.
  • Diluted EPS was $1.34, up approximately 10% year over year, including an estimated $0.07 impact from a reserve build.
  • Expenses increased 7.1% year over year, or 2.0% excluding BTIG; operating leverage was 440 basis points positive excluding BTIG.
  • Loans grew 1.0% and deposits 2.2% sequentially. Net interest margin expanded 5 basis points to 2.84%.
  • Credit metrics improved sequentially: nonperforming assets declined 1.6% and net charge-offs fell 2 basis points to 51 basis points; CET1 remained 10.8%.
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Key Metrics
Earnings dateJan. 19, 2027
P/E11.83
EPS5.14
Book Value38.26
Price to Book1.59
% Insiders0.126%
Growth
Revenue Growth0.08%
Earnings Growth0.10%
Estimates
Forward P/E10.37
Forward EPS5.86
Target Mean Price68.80
Dividend
Dividend Yield3.52%
Annual dividends2.10 USD
Ex-Div. DateSept. 30, 2026
Payout32.21%
5y avg Yield4.17%

DCF valuation

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Result
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Assumptions
Growth– Capex– Tax– Terminal g– Cost of equity– Cost of debt–
Analyst price targets
22 analysts · consensus Buy · mean target 68.80 USD (low 65.00, high 75.00) · as of 10 Nov 2026
Low 65.00
Mean 68.80
High 75.00
Price 60.47
Published broker research as supplied by our market data feed, named by firm and dated; it does not identify individual analysts. Targets carry their last refresh date; rating changes can be a few days behind.

U.S. Bancorp Logo U.S. Bancorp Analysis (USB)

United States Financials Official Website Stock

Is U.S. Bancorp a good investment? U.S. Bancorp (USB) is currently trading at 60.47 USD. Market analysts have a consensus price target of 68.80 USD. This suggests a potential upside from current levels.

In terms of valuation, the stock trades at a P/E ratio of 11.83. This relatively low multiple may signal that U.S. Bancorp is undervalued compared to historical market norms.

Earnings Schedule: U.S. Bancorp is expected to release its next earnings report on Jan. 19, 2027. The market consensus estimate for Forward EPS is 5.86.

For income investors, U.S. Bancorp pays a dividend yield of 3.52%. With a payout ratio of 32%, the dividend appears sustainable.

Investor FAQ

Does U.S. Bancorp pay a dividend?

Yes, it pays an annual dividend of 2.10 USD (3.52% yield).

What asset class is U.S. Bancorp?

U.S. Bancorp is classified as a Stock. You can compare it against 4 other assets in the "Related Symbols" list on this page.

When is the next earnings date?

The next earnings date is projected to be Jan. 19, 2027. The company currently has a trailing EPS of 5.14.

Company Profile

U.S. Bancorp, a financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States. The company operates through Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support segments. It offers depository services, including checking accounts, savings accounts, and time certificate contracts; and lending services, such as traditional credit products and credit card services, lease financing and import/export trade, agricultural finance, asset-backed lending, and other products. The company also provides cash management, capital markets, and trust and investment management services; and ancillary services comprising capital markets, treasury management, and receivable lock-box collection services to corporate and governmental entity customers. In addition, it offers asset management and fiduciary services for individuals, estates, foundations, business corporations, and charitable organizations; and investment and insurance products to its customers principally within its domestic markets, as well as fund administration services to mutual and other funds. Further, the company provides corporate and purchasing card, and corporate trust services; and credit card services, merchant and ATM processing, mortgage banking, insurance, brokerage and leasing services. U.S. Bancorp was founded in 1863 and is headquartered in Minneapolis, Minnesota.

Exchange Ticker
STU (Germany) UB5.SG
NYQ (United States) USB
FRA (Germany) UB5.F
GER (Germany) UB5.DE
Trades
Dividend Yield
3.52%
5y avg 4.17%
Annual Dividends
2.10USD
Next Ex. Div Date
Sept. 30, 2026
Payout Ratio
32.21%
Dividend History paid per year (USD)
Historical Dividends
Year Total Dividends
▸2027
2.19 USD
Oct. 15, 2027 (estimated) 0.5644
July 15, 2027 (estimated) 0.5407
April 15, 2027 (estimated) 0.5407
Jan. 15, 2027 (estimated) 0.5407
▸2026
2.10 USD
Oct. 15, 2026 0.5400
July 15, 2026 0.5200
April 15, 2026 0.5200
Jan. 15, 2026 0.5200
▸2025
2.02 USD
Oct. 15, 2025 0.5200
July 15, 2025 0.5000
April 15, 2025 0.5000
Jan. 15, 2025 0.5000
▸2024
1.97 USD
Oct. 15, 2024 0.5000
July 15, 2024 0.4900
April 15, 2024 0.4900
Jan. 16, 2024 0.4900
▸2023
1.92 USD
Oct. 16, 2023 0.4800
July 17, 2023 0.4800
April 17, 2023 0.4800
Jan. 17, 2023 0.4800
▸2022
1.86 USD
Oct. 17, 2022 0.4800
July 15, 2022 0.4600
April 15, 2022 0.4600
Jan. 18, 2022 0.4600
▸2021
1.72 USD
Oct. 15, 2021 0.4600
July 15, 2021 0.4200
April 15, 2021 0.4200
Jan. 15, 2021 0.4200
▸2020
1.68 USD
Oct. 15, 2020 0.4200
July 15, 2020 0.4200
April 15, 2020 0.4200
Jan. 15, 2020 0.4200
▸2019
1.53 USD
Oct. 15, 2019 0.4200
July 15, 2019 0.3700
April 15, 2019 0.3700
Jan. 15, 2019 0.3700
▸2018
1.27 USD
Oct. 15, 2018 0.3700
July 16, 2018 0.3000
April 16, 2018 0.3000
Jan. 16, 2018 0.3000
▸2017
1.14 USD
Oct. 16, 2017 0.3000
July 17, 2017 0.2800
April 17, 2017 0.2800
Jan. 17, 2017 0.2800
▸2016
1.05 USD
Oct. 17, 2016 0.2800
July 15, 2016 0.2550
April 15, 2016 0.2550
Jan. 15, 2016 0.2550
▸2015
1.00 USD
Oct. 15, 2015 0.2550
July 15, 2015 0.2550
April 15, 2015 0.2450
Jan. 15, 2015 0.2450
▸2014
0.95 USD
Oct. 15, 2014 0.2450
July 15, 2014 0.2450
April 15, 2014 0.2300
Jan. 15, 2014 0.2300
▸2013
0.85 USD
Oct. 15, 2013 0.2300
July 15, 2013 0.2300
April 15, 2013 0.1950
Jan. 15, 2013 0.1950
▸2012
0.71 USD
Oct. 15, 2012 0.1950
July 16, 2012 0.1950
April 16, 2012 0.1950
Jan. 17, 2012 0.1250
▸2011
0.43 USD
Oct. 17, 2011 0.1250
July 15, 2011 0.1250
April 15, 2011 0.1250
Jan. 18, 2011 0.0500
▸2010
0.20 USD
Oct. 15, 2010 0.0500
July 15, 2010 0.0500
April 15, 2010 0.0500
Jan. 15, 2010 0.0500
▸2009
0.58 USD
Oct. 15, 2009 0.0500
July 15, 2009 0.0500
April 15, 2009 0.0500
Jan. 15, 2009 0.4250
▸2008
1.70 USD
Oct. 15, 2008 0.4250
July 15, 2008 0.4250
April 15, 2008 0.4250
Jan. 15, 2008 0.4250
▸2007
1.60 USD
Oct. 15, 2007 0.4000
July 16, 2007 0.4000
April 16, 2007 0.4000
Jan. 16, 2007 0.4000
▸2006
1.32 USD
Oct. 16, 2006 0.3300
July 17, 2006 0.3300
April 17, 2006 0.3300
Jan. 16, 2006 0.3300
▸2005
1.20 USD
Oct. 17, 2005 0.3000
July 15, 2005 0.3000
April 15, 2005 0.3000
Jan. 17, 2005 0.3000
▸2004
1.38 USD
Oct. 15, 2004 0.2400
July 15, 2004 0.2400
April 15, 2004 0.2400
Jan. 15, 2004 0.2400
Jan. 2, 2004 0.4160
▸2003
0.80 USD
Oct. 15, 2003 0.2050
July 15, 2003 0.2050
April 15, 2003 0.1950
Jan. 15, 2003 0.1950
▸2002
0.77 USD
Oct. 15, 2002 0.1950
July 15, 2002 0.1950
April 15, 2002 0.1950
Jan. 15, 2002 0.1880
▸2001
0.73 USD
Oct. 15, 2001 0.1880
July 16, 2001 0.1880
April 16, 2001 0.1880
Jan. 16, 2001 0.1625
▸2000
0.65 USD
Oct. 16, 2000 0.1625
July 17, 2000 0.1625
April 14, 2000 0.1625
Jan. 15, 2000 0.1625
▸1999
0.80 USD
Oct. 15, 1999 0.1000
July 15, 1999 0.1000
April 15, 1999 0.3000
Jan. 15, 1999 0.3000
▸1998
1.33 USD
Oct. 15, 1998 0.2300
July 15, 1998 0.2300
March 15, 1998 0.8729
▸1997
4.82 USD
Dec. 29, 1997 0.7590
Oct. 15, 1997 0.7590
July 15, 1997 0.7590
April 15, 1997 0.7590
Jan. 15, 1997 1.7836
▸1996
6.87 USD
Oct. 15, 1996 1.7836
July 15, 1996 1.7836
April 15, 1996 1.7836
Jan. 12, 1996 1.5180
▸1995
5.88 USD
Oct. 13, 1995 1.5180
July 14, 1995 1.5180
April 14, 1995 1.5180
Jan. 13, 1995 1.3283
▸1994
5.09 USD
Oct. 14, 1994 1.3283
July 15, 1994 1.3283
April 15, 1994 1.3283
Jan. 14, 1994 1.1005
▸1993
4.29 USD
Oct. 15, 1993 1.1005
July 15, 1993 1.1005
April 15, 1993 1.1005
Jan. 15, 1993 0.9867
▸1992
3.91 USD
Oct. 15, 1992 0.9867
July 15, 1992 0.9867
April 15, 1992 0.9867
Jan. 15, 1992 0.9488
▸1991
3.76 USD
Oct. 15, 1991 0.9488
July 12, 1991 0.9488
April 15, 1991 0.9488
Jan. 15, 1991 0.9108
▸1990
3.57 USD
Oct. 15, 1990 0.9108
July 13, 1990 0.9108
April 13, 1990 0.9108
Jan. 12, 1990 0.8349
▸1989
4.13 USD
Oct. 13, 1989 0.8349
July 14, 1989 0.0759
April 14, 1989 1.6668
Jan. 13, 1989 1.5506
▸1988
4.65 USD
Sept. 26, 1988 1.5506
June 24, 1988 1.5506
March 25, 1988 1.5506
▸1987
5.90 USD
Dec. 24, 1987 1.4755
Sept. 24, 1987 1.4755
June 24, 1987 1.4755
March 25, 1987 1.4755
▸1986
5.60 USD
Dec. 24, 1986 1.4004
Sept. 24, 1986 1.4004
June 24, 1986 1.4004
March 24, 1986 1.4004
▸1985
6.63 USD
Dec. 24, 1985 1.3252
Sept. 24, 1985 1.3252
June 24, 1985 1.3252
March 25, 1985 2.6504
▸1984
2.46 USD
Dec. 24, 1984 2.4592
Upcoming Dividends
Name Payment Date Status Amount
U.S. Bancorp Oct 15, 2026 0.54 USD
U.S. Bancorp Jul 15, 2026 0.52 USD
U.S. Bancorp Apr 15, 2026 0.52 USD
U.S. Bancorp Jan 15, 2026 0.52 USD
Stock Splits
Split Date Split Ratio to 1
Feb. 22, 1979 1.25
June 25, 1984 1.1
April 16, 1985 2:1
April 17, 1989 2:1
Jan. 16, 1997 3:1
May 19, 1998 3:1
April 16, 1999 3:1
Feb. 27, 2001 1.265
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