Company Reports

U.S. Bancorp is the largest nonglobal systemically important bank in the US and has been one of the most profitable regional banks we cover. Though some of its peer regional banks have been catching up in terms of scale and profitability, we still like the bank's larger revenue mix from capital-light fee income.

U.S. Bancorp is the largest nonglobal systemically important bank in the US and has been one of the most profitable regional banks we cover. Though some of its peer regional banks have been catching up in terms of scale and profitability, we still like the bank's larger revenue mix from capital-light fee income.

U.S. Bancorp reported strong second-quarter earnings. The bank's organic fee income growth was 9.9% year over year, excluding the $98 million contribution from the BTIG acquisition, which closed on June 1.

The Federal Reserve released its annual stress test results on June 24. With stronger results than last year, albeit in a less severe scenario, shares of the 32 tested banks generally traded upward, though the movement was muted.

U.S. Bancorp is the largest nonglobal systemically important bank in the US and has been one of the most profitable regional banks we cover. Though some of its peer regional banks have been catching up in terms of scale and profitability, we still like the bank's larger revenue mix from capital-light fee income.

U.S. Bancorp is the largest non-global systemically important bank in the US and has been one of the most profitable regional banks we cover. Though some of its peer regional banks have been catching up in terms of scale and profitability, we still like the bank's larger revenue mix from capital-light fee income.

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.

The Federal Reserve released its long-awaited proposals for a few key regulatory measures, including adopting the global Basel III endgame standards and revising the surplus capital that global systemically important banks must hold.

Shares of US banks traded down by low-to-mid single digits on Feb. 23, mostly due to macro concerns stemming from tariff uncertainty, possible credit losses from an increase in the unemployment rate driven by artificial intelligence disruption, and private credit-related exposure.

U.S. Bancorp is the largest non-global systemically important bank in the US and has been one of the most profitable regional banks we cover. Though some of its peer regional banks have been catching up in terms of scale and profitability, we still like the bank's larger revenue mix from capital-light fee income.

U.S. Bancorp reported strong fourth-quarter earnings, with fees growing by 8% year over year. The bank has delivered positive operating leverage in the past six quarters, and the fourth quarter's adjusted efficiency ratio of 57.4% was in line with the bank's medium-term target of mid- to high-50s.

U.S. Bancorp announced a definitive agreement to acquire BTIG, an investment bank and brokerage firm, for consideration up to $1 billion on Jan. 13. The deal is expected to close in the second quarter of 2026.

U.S. Bancorp is the largest non-global systemically important bank in the US and has been one of the most profitable regional banks we cover. Few domestic peers can match its operating efficiency and returns over the past 15 years. If we were to have a complaint, it would be that the bank has had difficulty maintaining the lead while some peers seem to be catching up.

The Federal Reserve released a new proposal for the bank stress-test framework and 2026 stress-test scenarios on Oct. 24.

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%.

U.S. Bancorp is the largest non-global systemically important bank in the US and has been one of the most profitable regional banks we cover. Few domestic peers can match its operating efficiency and returns over the past 15 years. If we were to have a complaint, it would be that the bank has had a hard time maintaining the lead while some peers seem to be gradually catching up.

U.S. Bancorp reported OK second-quarter results as expense control helped grow net income by 13% annually to $1.7 billion, with earnings per share increasing 14% to $1.11. The results translated into a strong return on tangible common equity ratio of 18%.

The Federal Reserve released its annual stress test results on Friday, June 27. With significantly stronger results compared with a year ago, the shares of the 22 tested institutions traded slightly higher in after hours trading.

The Federal Reserve, with the support of the Office of the Comptroller of the Currency and the Federal Deposit Insurance, released draft changes to the enhanced supplemental leverage ratio today. The Morningstar US Banks Index rose by 0.6% on the news, while the broader market was flat.

Advancing capabilities in digitization, data analytics, and artificial intelligence are starting to have a profound impact on banks. Physical branches no longer define banking as technology affects not only how banks operate but also how they interact with customers, manage risk, and drive growth.