U.S. Bancorp reports Q2 2026 EPS of $1.35 and record net revenue of $7.7 billion, citing 10.1% year-over-year growth.
U.S. Bancorp projected 7%-9% net revenue growth for 2026, driven by an expected $200M quarterly contribution from BTIG in the second half of the year. The bank reported Q2 2026 earnings per share of $1.35, up from prior periods, alongside record net revenue of $7.7 billion.
Revenue growth accelerated to 10.1% year-over-year, with management highlighting 400 basis points of positive operating leverage. The outlook reflects stronger-than-expected performance in core business segments, including wealth management and payments.
Shares showed muted reaction in after-hours trading as investors digested the guidance and quarterly results.