U.S. Bancorp

USB: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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U.S. Bancorp Earnings: Strong Net Interest Margin Expansion and Fee Income Growth

Maoyuan Chen

Oct 16, 2025

U.S. Bancorp reported strong third-quarter results as solid revenue growth and expense control helped grow net income by 17% annually to $2.0 billion, with earnings per share increasing 18% to $1.22. The results translated into a strong return on tangible common equity ratio of 18.6%.

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U.S. Bancorp

U.S. Bancorp Earnings: Strong Net Interest Margin Expansion and Fee Income Growth

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