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USB-PR

U.S. Bancorp

USB-PR

U.S. Bancorp • NYSE
$16.45 ▼ -0.18% (-0.03)
Market Cap $25.64 B
52w High $18.61
52w Low $15.51
Dividend Yield 1.00%
P/E 3.55
Volume 30.62K
Outstanding Shares 1.56B

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $9.807B ▼ $4.197B ▲ $2.001B ▲ 20.404% ▲ $1.22 ▲ $2.657B ▲
Q2-2025 $10.528B ▲ $4.181B ▼ $1.815B ▲ 17.24% ▲ $1.11 ▲ $2.51B ▲
Q1-2025 $10.352B ▼ $4.232B ▼ $1.709B ▲ 16.509% ▲ $1.03 ▲ $2.374B ▲
Q4-2024 $10.664B ▼ $4.311B ▲ $1.663B ▼ 15.595% ▼ $1.01 ▼ $2.346B ▲
Q3-2024 $10.784B $4.204B $1.714B 15.894% $1.03 $2.303B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $66.637B ▼ $695.357B ▲ $631.559B ▲ $63.34B ▲
Q2-2025 $148.384B ▲ $686.37B ▲ $624.474B ▲ $61.438B ▲
Q1-2025 $136.36B ▼ $676.489B ▼ $615.931B ▼ $60.096B ▲
Q4-2024 $142.866B ▼ $678.318B ▼ $619.278B ▼ $58.578B ▼
Q3-2024 $155.66B $686.469B $627.148B $58.859B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $2.001B ▲ $3.388B ▲ $230M ▲ $5.212B ▼ $8.83B ▲ $3.388B ▲
Q2-2025 $1.815B ▲ $2.031B ▲ $-1.37B ▲ $7.133B ▲ $7.794B ▲ $2.031B ▲
Q1-2025 $1.709B ▲ $-285M ▼ $-2.548B ▲ $-3.656B ▲ $-6.489B ▲ $-285M ▼
Q4-2024 $1.663B ▼ $4.766B ▲ $-12.875B ▼ $-8.951B ▼ $-17.06B ▼ $4.766B ▲
Q3-2024 $1.714B $972M $1.622B $5.136B $7.73B $972M

Revenue by Products

Product Q2-2024Q3-2024Q4-2024Q2-2025
Consumer And Small Business Banking
Consumer And Small Business Banking
 $2.33Bn ▲$2.34Bn ▲$4.49Bn ▲$2.25Bn ▼
Payment Services
Payment Services
 $2.30Bn ▲$2.30Bn ▲$4.70Bn ▲$2.40Bn ▼
Wealth Management And Investment Services
Wealth Management And Investment Services
 $3.04Bn ▲$3.04Bn ▲$6.77Bn ▲$3.00Bn ▼
Treasury and Corporate Support
Treasury and Corporate Support
 $-270.00M ▲$-320.00M ▼$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement U.S. Bancorp’s income statement shows a business that has grown its overall revenue base while keeping profitability solid, though not perfectly smooth. Earnings dipped after a very strong year early in the period, reflecting a tougher rate and credit environment, but have since recovered, with recent results again showing healthy profits. Core operating performance remains resilient: the bank is managing to grow its top line, keep costs under control, and maintain good earnings power even as the mix of interest income, fees, and credit costs shifts over time. The pattern suggests a mature, diversified bank that can absorb industry cycles rather than one that is overly dependent on a single product or condition.

Balance Sheet

Balance Sheet The balance sheet reflects a large, systemically important regional bank with significant scale and a broad asset base. Total assets have trended upward over time, consistent with growth in lending and payments activities. Cash and liquid resources look ample for a bank of this size, though they move around year to year as funding conditions and loan demand change. Debt has increased but so has equity, indicating the bank has continued to support its growth with additional capital. Overall, the profile is that of a sizeable, well-capitalized banking institution, where leverage is meaningful—as is typical for banks—but appears to be managed within a controlled, regulated framework.

Cash Flow

Cash Flow Cash flow from operations has been positive over the period but can be quite volatile from year to year, which is normal for a bank because cash flows are heavily influenced by loan growth, deposit movements, and securities repositioning. There are years with very strong inflows and others that are more moderate, but the overall story is that the core franchise consistently generates cash. Reported capital spending is minimal in this data set, which fits a financial institution where most investment is in people, technology, and acquisitions rather than physical assets. The key takeaway is a business that reliably produces cash, even if the exact level moves with the interest-rate and credit environment.

Competitive Edge

Competitive Edge U.S. Bancorp holds a strong competitive position as one of the largest regional banks in the country, with a diverse mix of consumer, commercial, wealth, and especially payments businesses. Its ownership of Elavon gives it a meaningful edge in merchant acquiring and embedded payments, making it more than a traditional lender. The bank’s scale supports efficiency and brand recognition, while its integrated ecosystem of banking and payment services makes it harder for customers to leave once they are embedded. At the same time, it operates in a very competitive arena against both large national banks and nimble fintechs, so maintaining this edge depends on continuing to innovate and execute well on risk management.

Innovation and R&D

Innovation and R&D Innovation is a major focus for U.S. Bancorp, even though banks do not report “R&D” the way technology companies do. The firm is leaning into artificial intelligence for personalization, fraud detection, and internal efficiency, as well as experimenting with blockchain and digital assets through pilots like a stablecoin initiative. Its strategy emphasizes a modern, scalable digital platform and deep integration of payments into business software, helped by a stream of fintech acquisitions and partnerships. The bank’s mobile and online capabilities, embedded payments offerings, and digital-asset exploration all point to a forward-looking approach aimed at keeping the franchise relevant and differentiated as financial services become more digital and interconnected.

Summary

Overall, U.S. Bancorp appears to be a large, diversified regional bank with solid earnings power, a substantial balance sheet, and reliable—if sometimes volatile—cash generation typical of its industry. Its strength lies in the combination of a broad banking franchise and a meaningful payments business, wrapped in an increasingly digital customer experience. The main opportunities are in further scaling its digital platforms, embedded payments, and AI-driven services, while the main risks relate to the usual banking pressures: credit quality, interest-rate shifts, regulatory demands, and intense competition from both big banks and fintechs. The recent financial trajectory and strategic investments suggest a franchise focused on staying competitive over the long term rather than just managing for the short term.