Every 10-Q that U.S. Bancorp (USB) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow USB and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full USB filings page.
U.S. Bancorp delivered stronger results for the quarter ended June 30, 2026, with net income attributable to the company of $2.2 billion and diluted EPS of $1.35, up 21.6 percent from $1.11 a year earlier. Total net revenue grew 10.1 percent to $7.7 billion, driven by 7.7 percent higher net interest income from loan growth and mix improvements and 13.7 percent higher noninterest income as fee revenue increased across most categories.
Credit metrics remained solid. Net charge-offs were 0.53 percent of average loans, down from 0.59 percent, while nonperforming assets fell 15.3 percent to $1.3 billion. The allowance for credit losses was $8.0 billion, or 1.94 percent of loans, and the common equity tier 1 capital ratio was 10.8 percent, above well-capitalized levels.
Period-end loans rose 4.8 percent to $410.3 billion and deposits increased 1.9 percent to $532.1 billion. U.S. Bancorp closed the acquisition of BTIG on June 1, 2026 for $395 million in cash plus 6.6 million shares, with potential additional cash of up to $275 million, boosting capital markets fee revenue and expanding institutional capabilities.
U.S. Bancorp delivered stronger results in the first quarter of 2026, with net income attributable to the company rising to $1,945 million from $1,709 million a year earlier. Net income applicable to common shareholders reached $1,841 million, and diluted earnings per share increased to $1.18 from $1.03.
Total net revenue grew to $7,288 million, supported by higher net interest income driven by loan growth and better earning-asset mix, and a 5.7 percent rise in noninterest income led by capital markets, fee, and card businesses. Operating efficiency improved as the efficiency ratio moved to 58.2 percent from 60.8 percent.
Credit quality remained stable: the allowance for credit losses was $7,977 million, nonperforming assets declined to $1,528 million, and net charge-offs were essentially flat at $546 million, with total loan net charge-offs at 0.56 percent of average loans. Regulatory capital stayed strong, including a common equity tier 1 ratio of 10.8 percent.
The balance sheet expanded moderately, with average loans up 3.8 percent and average deposits up 1.7 percent. The company also highlighted a pending acquisition of BTIG for up to $1 billion, combining cash and stock at closing plus potential earn-out payments tied to performance.
U.S. Bancorp (USB) delivered stronger results in Q3 2025, with higher profit, solid fee growth, and generally stable credit quality. Net income attributable to U.S. Bancorp was $2.0 billion, or $1.22 per diluted share, up from $1.7 billion, or $1.03, a year earlier.
Total net revenue rose 6.8% to $7.3 billion, as net interest income grew 2.0% on better asset mix and lower deposit costs, while noninterest income jumped 14.1% on broad-based gains in fees, including trust and investment management, capital markets, payment services, service charges, and mortgage banking.
Expenses were tightly controlled, with noninterest expense down slightly year over year and the efficiency ratio improving to 57.2% from 60.2%. Credit costs remained manageable: the provision for credit losses increased modestly in the quarter to $571 million, mainly due to loan growth, while net charge-offs declined and nonperforming assets fell 9.7% from year-end 2024.
For the first nine months of 2025, net income attributable to U.S. Bancorp was $5.5 billion, or $3.35 per diluted share, compared with $4.6 billion, or $2.77, in 2024, when results were weighed down by merger, integration, and FDIC special assessment charges. Capital and liquidity metrics remained solid, with the common equity tier 1 ratio at 10.9% and deposits up 1.5% since year-end.