U.S. Bancorp reports record Q3 2026 revenue of $7.97 billion and EPS of $1.34
U.S. Bancorp reported third-quarter 2026 net income attributable to the company of $2.20 billion, up 10.0% from a year earlier, with diluted earnings per share of $1.34, up 9.8%. Total net revenue rose 8.7% year over year to $7.97 billion, which the company called a record, and fee revenue grew 14.9%, helped by the BTIG acquisition and a small business credit card portfolio purchase. The filing contains no full-year guidance change, and higher expenses and a $135 million provision tied to the card portfolio purchase partly offset the gains.
Key points
- Net income attributable to U.S. Bancorp was $2,202 million, up 10.0% from $2,001 million in Q3 2025.
- Diluted EPS was $1.34, compared with $1.22 a year earlier and $1.35 in Q2 2026.
- Noninterest expense rose 7.1% to $4,493 million, mainly due to the BTIG acquisition.
- Provision for credit losses was $654 million, including $135 million for acquired loans; CET1 ratio was 10.8%.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:21 AM ET, from the text of the filing and its press-release exhibits 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 October 15, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.