What is Us Bancorp's earnings per share (EPS)?

Us Bancorp (USB) reported diluted earnings per share of $4.62 for fiscal year 2025. This represents a 21.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Us Bancorp Financials

USB

Source SEC Filings (10-K/10-Q) Data as of Mar 31, 2026 Currency USD FYE December

This page shows Us Bancorp (USB) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 19 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI USB FY2025 2026-05-04

U.S. Bancorp's earnings recovery now comes more from better asset productivity and capital rebuilding than from balance-sheet growth.

From FY2023 to FY2025, return on assets improved from 0.8% to 1.1% while debt-to-equity eased from 11.0x to 9.6x. Because assets grew only modestly over the same span, stronger net income in FY2025 reflects earning more per dollar of assets while also retaining enough profit to thicken the capital cushion, not merely expanding the balance sheet.

FY2025 operating cash flow was $8.0B against net income of $7.6B, so profit still translated into cash, but much less generously than in FY2024. That gap shows reported earnings improved even as balance-sheet cash movements stayed choppy, which is why cash flow did not confirm the recovery as cleanly as profit did.

Expense pressure eased in FY2025: interest expense fell to $14.3B from $15.4B. With revenue only inching higher, that points to margin recovery through cost and funding relief rather than a bank that simply got much larger or added assets much faster.

Financial Health Signals

Financial Health Score 41/100

Scored as: Banks peer group

Scored against banks for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Us Bancorp's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Earnings

Growth

Capital

Efficiency

Credit Quality

Stability

Piotroski F-Score Partial

6/6

Us Bancorp passes 6 of 6 computable financial strength tests (3 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 1 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.05x

For every $1 of reported earnings, Us Bancorp generates $1.05 in operating cash flow ($8.0B OCF vs $7.6B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$28.7B

YoY+4.4%

5Y CAGR+14.1%

10Y CAGR+3.5%

Us Bancorp generated $28.7B in revenue in fiscal year 2025. This represents an increase of 4.4% from the prior year.

EBITDA

N/A

Net Income

$7.6B

YoY+20.2%

5Y CAGR+8.8%

10Y CAGR+2.6%

Us Bancorp reported $7.6B in net income in fiscal year 2025. This represents an increase of 20.2% from the prior year.

EPS (Diluted)

$4.62

YoY+21.9%

5Y CAGR+8.6%

10Y CAGR+3.9%

Us Bancorp earned $4.62 per diluted share (EPS) in fiscal year 2025. This represents an increase of 21.9% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$46.9B

YoY-17.0%

5Y CAGR-5.6%

Us Bancorp held $46.9B in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

$2.04

YoY+3.0%

5Y CAGR+4.0%

10Y CAGR+7.3%

Us Bancorp paid $2.04 per share in dividends in fiscal year 2025. This represents an increase of 3.0% from the prior year.

Shares Outstanding

1.55B

YoY-0.4%

5Y CAGR+0.7%

10Y CAGR-1.1%

Us Bancorp had 1.55B shares outstanding in fiscal year 2025. This represents a decrease of 0.4% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

26.4%

YoY+3.5pp

5Y CAGR-7.0pp

10Y CAGR-2.5pp

Us Bancorp's net profit margin was 26.4% in fiscal year 2025, showing the share of revenue converted to profit. This is up 3.5 percentage points from the prior year.

Return on Equity

11.6%

YoY+0.9pp

5Y CAGR+2.3pp

10Y CAGR-1.1pp

Us Bancorp's ROE was 11.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 0.9 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$489.0M

YoY+182.7%

5Y CAGR-21.8%

10Y CAGR-13.9%

Us Bancorp spent $489.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 182.7% from the prior year.

Capital Expenditures

N/A

USB Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$28.7B+4.4%	$27.5B-2.4%	$28.1B+15.8%	$24.3B+80.2%	$13.5B-9.1%	$14.8B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$16.8B-2.0%	$17.2B-8.9%	$18.9B+26.6%	$14.9B+8.6%	$13.7B+2.7%	$13.4B
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$14.3B-6.9%	$15.4B+21.9%	$12.6B+292.0%	$3.2B+224.0%	$993.0M-50.7%	$2.0B
Income Tax	$1.9B+21.6%	$1.6B+12.3%	$1.4B-3.8%	$1.5B-32.9%	$2.2B+104.6%	$1.1B
Net Income	$7.6B+20.2%	$6.3B+16.0%	$5.4B-6.8%	$5.8B-26.8%	$8.0B+60.6%	$5.0B
EPS (Diluted)	$4.62+21.9%	$3.79+15.9%	$3.27-11.4%	$3.69-27.6%	$5.10+66.7%	$3.06

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$7.3B-1.0%	$7.4B+0.5%	$7.3B+4.6%	$7.0B+0.7%	$7.0B-0.7%	$7.0B+2.1%	$6.9B0.0%	$6.9B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$4.3B+0.9%	$4.2B+0.7%	$4.2B+0.4%	$4.2B-1.2%	$4.2B-1.8%	$4.3B+2.5%	$4.2B-0.2%	$4.2B
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$3.6B-1.8%	$3.6B-1.8%	$3.7B+4.3%	$3.6B+3.8%	$3.4B-7.1%	$3.7B-6.7%	$4.0B-0.3%	$4.0B
Income Tax	$469.0M-2.7%	$482.0M-8.0%	$524.0M+11.0%	$472.0M+6.5%	$443.0M+1.1%	$438.0M+25.1%	$350.0M-21.3%	$445.0M
Net Income	$1.9B-4.9%	$2.0B+2.2%	$2.0B+10.2%	$1.8B+6.2%	$1.7B+2.8%	$1.7B-3.0%	$1.7B+6.9%	$1.6B
EPS (Diluted)	$1.18	N/A	$1.22+9.9%	$1.11+7.8%	$1.03	N/A	$1.03+6.2%	$0.97

USB Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$692.3B+2.1%	$678.3B+2.2%	$663.5B-1.7%	$674.8B+17.7%	$573.3B+3.5%	$553.9B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$46.9B-17.0%	$56.5B-7.7%	$61.2B+14.3%	$53.5B+85.2%	$28.9B-53.8%	$62.6B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$12.6B+0.8%	$12.5B+0.4%	$12.5B+0.9%	$12.4B+20.6%	$10.3B+3.5%	$9.9B
Total Liabilities	$626.7B+1.2%	$619.3B+1.9%	$607.7B-2.5%	$623.6B+20.4%	$517.9B+3.5%	$500.2B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	$39.8B+24.0%	$32.1B-22.2%	$41.3B
Total Equity	$65.2B+11.3%	$58.6B+5.9%	$55.3B+8.9%	$50.8B-7.6%	$54.9B+3.4%	$53.1B
Retained Earnings	$80.9B+5.3%	$76.9B+3.8%	$74.0B+3.0%	$71.9B+3.9%	$69.2B+7.8%	$64.2B

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$701.0B+1.2%	$692.3B-0.4%	$695.4B+1.3%	$686.4B+1.5%	$676.5B-0.3%	$678.3B-1.2%	$686.5B+0.9%	$680.1B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$48.4B+3.3%	$46.9B-29.6%	$66.6B+15.3%	$57.8B+15.6%	$50.0B-11.5%	$56.5B-23.2%	$73.6B+11.7%	$65.8B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$12.6B-0.1%	$12.6B0.0%	$12.6B0.0%	$12.6B+0.7%	$12.6B+0.2%	$12.5B-0.3%	$12.6B+0.8%	$12.5B
Total Liabilities	$634.8B+1.3%	$626.7B-0.8%	$631.6B+1.1%	$624.5B+1.4%	$615.9B-0.5%	$619.3B-1.3%	$627.1B+0.6%	$623.2B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$65.8B+0.9%	$65.2B+2.9%	$63.3B+3.1%	$61.4B+2.2%	$60.1B+2.6%	$58.6B-0.5%	$58.9B+4.3%	$56.4B
Retained Earnings	$81.9B+1.3%	$80.9B+1.5%	$79.7B+1.4%	$78.7B+1.2%	$77.7B+1.1%	$76.9B+1.1%	$76.1B+1.1%	$75.2B

USB Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$8.0B-29.8%	$11.3B+35.2%	$8.4B-60.3%	$21.1B+114.0%	$9.9B+165.6%	$3.7B
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$20.5B+16.3%	-$24.5B-229.6%	$18.9B+152.3%	$7.5B+113.0%	-$57.5B-272.3%	-$15.4B
Financing Cash Flow	$2.3B-74.5%	$8.8B+144.1%	-$20.0B-402.2%	-$4.0B-128.6%	$13.9B-73.1%	$51.9B
Dividends Paid	$3.2B+2.5%	$3.1B+4.1%	$3.0B+7.0%	$2.8B+7.6%	$2.6B+1.1%	$2.6B
Share Buybacks	$489.0M+182.7%	$173.0M+179.0%	$62.0M-10.1%	$69.0M-95.6%	$1.6B-7.0%	$1.7B

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	$1.3B-52.8%	$2.8B-16.3%	$3.4B+64.9%	$2.1B+766.9%	-$308.0M-106.4%	$4.8B+398.3%	$972.0M-66.2%	$2.9B
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$5.4B+68.2%	-$16.9B-7426.1%	$230.0M+116.8%	-$1.4B+46.2%	-$2.5B+80.2%	-$12.9B-893.8%	$1.6B+119.5%	-$8.3B
Financing Cash Flow	$5.7B+188.1%	-$6.4B-223.5%	$5.2B-29.3%	$7.4B+289.2%	-$3.9B+55.2%	-$8.7B-269.4%	$5.1B+190.1%	-$5.7B
Dividends Paid	$816.0M+0.4%	$813.0M+3.7%	$784.0M0.0%	$784.0M-0.4%	$787.0M+0.3%	$785.0M+2.2%	$768.0M-0.1%	$769.0M
Share Buybacks	$276.0M+126.2%	$122.0M+20.8%	$101.0M-4.7%	$106.0M-33.8%	$160.0M+31.1%	$122.0M+12100.0%	$1.0M0.0%	$1.0M

USB Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	26.4%+3.5pp	22.9%+3.7pp	19.3%-4.7pp	24.0%-35.1pp	59.0%+25.6pp	33.4%
Return on Equity	11.6%+0.9pp	10.8%+0.9pp	9.8%-1.7pp	11.5%-3.0pp	14.5%+5.2pp	9.3%
Return on Assets	1.1%+0.2pp	0.9%+0.1pp	0.8%-0.0pp	0.9%-0.5pp	1.4%+0.5pp	0.9%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	9.61-1.0	10.57-0.4	10.99+10.2	0.78+0.2	0.58-0.2	0.78
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	26.7%-1.1pp	27.8%+0.5pp	27.3%+1.4pp	25.9%+1.3pp	24.6%+0.8pp	23.7%-1.2pp	25.0%+1.6pp	23.3%
Return on Equity	3.0%-0.2pp	3.1%-0.0pp	3.2%+0.2pp	2.9%+0.1pp	2.8%0.0pp	2.8%-0.1pp	2.9%+0.1pp	2.8%
Return on Assets	0.3%-0.0pp	0.3%+0.0pp	0.3%+0.0pp	0.3%0.0pp	0.3%0.0pp	0.3%0.0pp	0.3%+0.0pp	0.2%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	9.65+0.0	9.61-0.4	9.97-0.2	10.16-0.1	10.25-0.3	10.57-0.1	10.66-0.4	11.05
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Similar Companies

PNC Financial Services Group PNC

$99.9B

$69.5B

$67.7B

$92.6B

$62.8B

Frequently Asked Questions

What is Us Bancorp's annual revenue?

Us Bancorp (USB) reported $28.7B in total revenue for fiscal year 2025. This represents a 4.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Us Bancorp's revenue growing?

Us Bancorp (USB) revenue grew by 4.4% year-over-year, from $27.5B to $28.7B in fiscal year 2025.

Is Us Bancorp profitable?

Yes, Us Bancorp (USB) reported a net income of $7.6B in fiscal year 2025, with a net profit margin of 26.4%.

What is Us Bancorp's net profit margin?

Us Bancorp (USB) had a net profit margin of 26.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Us Bancorp pay dividends?

Yes, Us Bancorp (USB) paid $2.04 per share in dividends during fiscal year 2025.

What is Us Bancorp's return on equity (ROE)?

Us Bancorp (USB) has a return on equity of 11.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Us Bancorp's operating cash flow?

Us Bancorp (USB) generated $8.0B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Us Bancorp's total assets?

Us Bancorp (USB) had $692.3B in total assets as of fiscal year 2025, including both current and long-term assets.

Does Us Bancorp buy back shares?

Yes, Us Bancorp (USB) spent $489.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Us Bancorp have outstanding?

Us Bancorp (USB) had 1.55B shares outstanding as of fiscal year 2025.

What is Us Bancorp's debt-to-equity ratio?

Us Bancorp (USB) had a debt-to-equity ratio of 9.61 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Us Bancorp's return on assets (ROA)?

Us Bancorp (USB) had a return on assets of 1.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Us Bancorp's Piotroski F-Score?

Us Bancorp (USB) has a Piotroski F-Score of 6 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Us Bancorp's earnings high quality?

Us Bancorp (USB) has an earnings quality ratio of 1.05x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Us Bancorp?

Us Bancorp (USB) scores 41 out of 100 on our Financial Health Score, indicating moderate standing within its banks peer group. The score is a 0-100 composite of six dimensions (Earnings, Growth, Capital, Efficiency, Credit Quality, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.