U.S. Bancorp reported record second-quarter revenue of $7.71 billion. Earnings reached $1.35 per share, exceeding Wall Street expectations.
Robust loan growth and broad-based fee momentum drove the performance. The recent acquisition of BTIG also contributed to the quarterly results.
The company raised its revenue guidance for the remainder of 2026. These results provide a key data point for the health of the regional banking sector amidst economic uncertainty.
Higher expense growth partially tempered the positive sentiment regarding the earnings beat.