The bank raised full-year revenue growth guidance to 7%-9% following stronger fee income and loan growth in Q2 2026.
U.S. Bancorp reported record net revenue of $7.7 billion in Q2 2026, driven by a shift toward fee-based businesses and disciplined expense management. The integration of BTIG contributed $98 million in its first month, exceeding expectations.
Management raised full-year 2026 revenue growth guidance to 7%-9%, citing momentum in fee income and broad-based loan growth. Net interest margin is expected to expand through 2027, targeting a 3% range due to fixed-asset repricing and optimized asset mix.
The bank’s consumer franchise reached record deposit levels, supported by the ‘Bank Smartly’ product suite, while strategic branch expansion aims to capture lower-cost deposits in high-growth markets.