U.S. Bancorp

USB: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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U.S. Bancorp Earnings: Good Commercial Loan Growth but Net Interest Margin Flat in First Quarter

Maoyuan Chen

Apr 16, 2026

U.S. Bancorp reported OK first-quarter earnings. The bank has delivered positive operating leverage in the past seven quarters, with its first-quarter adjusted efficiency ratio of 58.2% in line with the bank's medium-term target of mid to high 50s.

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U.S. Bancorp

U.S. Bancorp Earnings: Good Commercial Loan Growth but Net Interest Margin Flat in First Quarter

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