U.S. Bancorp Q1 net income rises to $1,945 million; EPS $1.18 vs. $1.03 a year ago
U.S. Bancorp reported first-quarter 2026 net income attributable to the company of $1,945 million and diluted earnings per share of $1.18, up from $1.03 a year earlier but down from $1.26 in the fourth quarter of 2025. Total net revenue was $7,288 million, up 4.7% year over year and down 1.0% from the prior quarter. The filing contains no revised full-year guidance, and the results are an update on the bank's first-quarter performance.
Key points
- Net income attributable to U.S. Bancorp was $1,945 million, $236 million higher than a year earlier and $100 million lower than the fourth quarter of 2025.
- Diluted earnings per common share were $1.18, compared with $1.03 in 1Q25 and $1.26 in 4Q25.
- Total net revenue was $7,288 million, up 4.7% from 1Q25; noninterest expense was $4,265 million, up 0.8%.
- Common equity tier 1 capital ratio was 10.8% at March 31, 2026; the company will hold its earnings call at 7 a.m. CT on April 16, 2026.
The filing
Written by AI on Nov 8, 2026, 1:21 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 16, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.