Earnings summaries and quarterly performance for US BANCORP \DE\.
Executive leadership at US BANCORP \DE\.
Board of directors at US BANCORP \DE\.
AB
Alan B. Colberg
Detailed
Director
AG
Aleem Gillani
Detailed
Director
DB
Dorothy Bridges
Detailed
Director
EL
Elizabeth L. Buse
Detailed
Director
JP
John P. Wiehoff
Detailed
Director
KN
Kimberly N. Ellison-Taylor
Detailed
Director
LE
Loretta E. Reynolds
Detailed
Director
RP
Richard P. McKenney
Detailed
Director
RA
Roland A. Hernandez
Detailed
Lead Independent Director
WL
Warner L. Baxter
Detailed
Director
YI
Yusuf I. Mehdi
Detailed
Director
Research analysts who have asked questions during US BANCORP \DE\ earnings calls.
BG
Betsy Graseck
Morgan Stanley
7 questions for USB
Also covers: BAC, BK, C +8 more
Ebrahim Poonawala
Bank of America Securities
7 questions for USB
Also covers: , BK, BMO +30 more
JP
John Pancari
Evercore ISI
7 questions for USB
Also covers: ALLY, BFH, CFG +16 more
VJ
Vivek Juneja
JPMorgan Chase & Co.
7 questions for USB
Also covers: BAC, C, NTRS +2 more
Gerard Cassidy
RBC Capital Markets
6 questions for USB
Also covers: BAC, BK, BPOP +14 more
MM
Michael Mayo
Wells Fargo
6 questions for USB
Also covers: BAC, BK, C +10 more
SM
Saul Martinez
HSBC
6 questions for USB
Also covers: AXP, BAC, C +6 more
Erika Najarian
UBS
5 questions for USB
Also covers: AXP, BAC, C +14 more
JM
John McDonald
Truist Securities
5 questions for USB
Also covers: BAC, C, FHN +6 more
KU
Ken Usdin
Autonomous Research
4 questions for USB
Also covers: BAC, BK, C +11 more
MO
Matthew O'Connor
Deutsche Bank
4 questions for USB
Also covers: BAC, C, CFG +11 more
MO
Matt O'Connor
Deutsche Bank
4 questions for USB
Also covers: BAC, JPM, KEY +5 more
Bill Carcache
Wolfe Research, LLC
3 questions for USB
Also covers: BFH, CMA, COF +10 more
SS
Scott Siefers
Piper Sandler
3 questions for USB
Also covers: ASB, CFG, FITBI +6 more
CM
Chris McGratty
KBW
2 questions for USB
Also covers: BAC, C, CFG +13 more
Christopher McGratty
Keefe, Bruyette & Woods
2 questions for USB
Also covers: ASB, BAC, BANC +33 more
LE
L. Erika Penala
UBS
2 questions for USB
Also covers: AXP, BAC, CFG +9 more
Robert Siefers
Piper Sandler & Co.
2 questions for USB
Also covers: ASB, CFG, CMA +4 more
David Long
Raymond James Financial, Inc.
1 question for USB
Also covers: ALRS, BY, EFSC +10 more
KU
Kenneth Usdin
Jefferies
1 question for USB
Also covers: BK, C, FITB +7 more
MM
Mike Mayo
Wells Fargo
1 question for USB
Also covers: BAC, BK, C +11 more
RS
R. Scott Siefers
Piper Sandler Companies
1 question for USB
Also covers: ASB, CFG, FITB +6 more
SA
Steven Alexopoulos
JPMorgan Chase & Co.
1 question for USB
Also covers: BAC, C, CFG +10 more
Recent press releases and 8-K filings for USB.
U.S. Bancorp lowers prime lending rate to 6.75%
USB
- Prime lending rate reduced from 7.00% to 6.75%, effective December 11, 2025
- Holds $695 billion in assets and employs approximately 70,000 staff as of September 30, 2025
- Named among the 2025 World’s Most Ethical Companies and Fortune’s most admired superregional banks
Dec 10, 2025, 10:30 PM
U.S. Bancorp outlines strategy and outlook at GS U.S. Financial Services Conference
USB
New Projects/Investments
Revenue Acceleration/Inflection
- CEO Gunjan Kedia reaffirmed three strategic priorities—expense discipline (eight consecutive quarters of flat expenses), organic growth (mid-single-digit fee targets and high-return loan focus), and payments transformation—with solid early progress on each front.
- CFO John Stern expects net interest income to remain stable from Q3 to Q4 with a bias for upside, fee revenue around $3 billion also with upside risk, expenses rising 1–1.5% Q/Q, and at least 200 bps of positive operating leverage in Q4.
- The Payments business is being reshaped via embedded payments in five verticals, a shift toward direct distribution through Elavon, and expanded card-issuing products and partnerships (including Elan), aiming for mid-single-digit merchant growth and accelerating card revenue in 2026–27.
- U.S. Bancorp is targeting a 3.0% net interest margin by 2027, driven by deposit mix shifts toward lower-cost operational balances, higher-yield loan mix, investment-portfolio optimization, and a steeper yield curve.
Dec 10, 2025, 2:20 PM
U.S. Bancorp outlines strategic priorities and financial outlook
USB
Guidance Update
New Projects/Investments
- CEO Gunjan Kedia reiterated the bank’s three strategic priorities—expense control, organic growth, and payments transformation—reporting eight consecutive quarters of flat expenses and strong fee growth in 2025, with payments transformation on-track but requiring more runway, particularly in merchant and card segments.
- CFO John Stern confirmed a bias to upside for Q4 net interest income and fees, attributing NII strength to healthy loan growth and controlled deposit pricing, and maintained guidance for 1–1.5% linked-quarter expense growth and ≥200 bps of positive operating leverage.
- Management reaffirmed a path to a 3.0% net interest margin by 2027, driven by deposit mix optimization, portfolio repricing, fixed-rate asset roll-off, and portfolio sales, and highlighted recent curve steepening as beneficial.
- The bank will continue investing $2.5 billion annually in technology and operations—leveraging AI and modern development tools for greater efficiency—and remains open to bolt-on payments and institutional acquisitions to enhance its product suite.
- U.S. Bancorp has formed a Digital Assets unit to pursue stablecoin and cryptocurrency custody in capital markets, is piloting blockchain-based trade finance and cross-border payments, but has yet to see significant client adoption for crypto payments.
Dec 10, 2025, 2:20 PM
U.S. Bancorp outlines strategic priorities and 2026 outlook at Goldman Sachs U.S. Financial Services Conference
USB
Guidance Update
- CEO Gunjan Kedia reiterated three strategic priorities—expense discipline (eight consecutive quarters of flattish expenses), organic growth (mid-single-digit fee targets; focus on high-return deposits and C&I/credit card loans), and payments transformation—driving positive operating leverage.
- Fee income is being diversified across four pillars: wealth/asset management (>$500 billion AUM), capital markets (aiming for double-digit growth), payments (mid-single-digit growth), and a smaller, volatile consumer fees segment.
- Payments transformation initiatives include tech-led embedded payments in five merchant verticals, building direct distribution via Elavon, and expanding card-issuing through new transactor products and the Elan partnership; a revenue inflection is expected in late 2026 into 2027.
- Net interest income carries a bias for upside from loan growth and stable deposit pricing, supported by mortgage portfolio sales and redeployment of high-yield assets; the bank is targeting a 3% net interest margin by 2027, driven by asset repricing and improved deposit mix.
Dec 10, 2025, 2:20 PM
U.S. Bancorp tests stablecoin on Stellar for institutional payments
USB
New Projects/Investments
- U.S. Bancorp is piloting its own stablecoin on the Stellar blockchain to enable faster, cheaper, and more flexible institutional money movement.
- The bank has established a dedicated digital assets division with KYC controls, transaction unwinding, and asset‐freeze capabilities to bolster security and compliance.
- Stellar’s network offers 3–5 second settlement, transaction fees under a cent, and 99.99% uptime, making it well-suited for mission-critical financial services.
- Supported by PwC and the Stellar Development Foundation, the trial targets cross-border payments and custody services, with current client demand stronger for custody than payments.
Nov 25, 2025, 2:26 PM
U.S. Bank details payments strategy at BancAnalysts Boston Conference
USB
Product Launch
New Projects/Investments
- U.S. Bank’s payments segment generates 26% of total revenue, with 90% fee-based income, within a $680 billion bank.
- Credit card issuing ranks 7th nationally, with 70% of cardholders having FICO scores ≥ 720 (11 pp above industry) and 60% non-discretionary spend, balancing transactors and revolvers for diversified income streams.
- Growth plans target mid-single-digit gains via digital investments, distribution expansion (proprietary, co-brand, Elan), and product innovations like Split Card Mastercard (BNPL Lite) and Business Essentials for small businesses.
- Merchant acquiring (Elavon) is the 5th largest U.S. acquirer, delivering $1.8 billion of fee income (15% of bank fees), with strategies in embedded payments, software-enabled services, and vertical industry focus to drive growth and margins.
Nov 7, 2025, 2:50 PM
U.S. Bank details payments strategy at Boston conference
USB
New Projects/Investments
Revenue Acceleration/Inflection
- U.S. Bank’s payments businesses account for 26% of total revenue, with over 90% fee-based, and are aimed at mid-single-digit growth with upside potential.
- The consumer & small business issuing unit holds a 7th market share, leveraging a diversified distribution model (proprietary, co-brand, Elan) and a high-credit-quality customer base (70% FICO ≥720).
- Investments in digital and product innovation—including Smartly Rewards, Split Card BNPL, and expanded partnerships (Elan, Edward Jones)—are driving record new account acquisition and deeper client engagement.
- Elavon, the bank’s merchant acquiring arm, is the 5th largest U.S. acquirer, generating $1.8 billion (15% of fee income) and focuses on embedded payments, differentiated distribution, and industry vertical solutions to sustain margins and accelerate growth.
Nov 7, 2025, 2:50 PM
U.S. Bank outlines payments business strategies at BancAnalysts Association of Boston Conference
USB
- U.S. Bank’s payments segment represents 26% of total revenue in its $680 billion franchise and is targeted to grow at mid-single digits, with upside potential through continued investments.
- The bank’s card issuing arm holds a #7 market position, with 50% proprietary, robust co-brand and Elan white-label channels; over 70% of cardholders have FICO 720+; revenue splits roughly 1/3 fee and 2/3 net interest.
- Investments include the Smartly product (40% consumer DDA penetration), a 20% year-over-year marketing increase, the Split Card BNPL launch, and a Business Essentials bundled small-business solution slated for 2026.
- Elavon, U.S. Bank’s merchant acquiring arm, ranks 5th in the US, generating $1.8 billion in fee income (~15% of company) at ~50 bps/transaction; strategies emphasize embedded payments (4× core growth), shifting direct distribution to 50–60%, and industry vertical focus.
Nov 7, 2025, 2:50 PM
U.S. Bancorp lowers prime rate to 7.00%
USB
- U.S. Bancorp will decrease its prime lending rate from 7.25% to 7.00%, effective October 30, 2025, at all U.S. Bank locations.
- As of September 30, 2025, the company holds $695 billion in assets and employs 70,000 people across its consumer, business, commercial, institutional banking, payments, and wealth management businesses.
Oct 29, 2025, 9:30 PM
US Metro Bancorp announces Q3 2025 results
USB
Earnings
- US Metro Bancorp reported $2.9 million in net income for Q3 2025 (up 69% YoY), with EPS of $0.18 versus $0.11 a year ago.
- On a year-to-date basis, net interest income was $33.1 million (+26%), and net income reached $9.2 million (+45%) through September 30, 2025.
- Total assets climbed to $1.569 billion (+13.2% YoY); gross loans grew by $140 million (12.4%), and deposits rose to $1.384 billion (+13.8%).
- Asset quality metrics showed NPAs at 1.65% of total assets (versus 0.36% a year earlier) and an ACL-to-gross-loans ratio of 1.19%.
- Year-to-date annualized ROAA was 0.72%, ROAE 9.99%, and book value per share reached $6.62, up from $6.11 a year earlier.
Oct 24, 2025, 5:19 PM
Quarterly earnings call transcripts for US BANCORP \DE\.
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