U.S. Bancorp reports Q2 2026 EPS of $1.35, up 22% YoY; completes BTIG acquisition

Filed July 16, 2026 · Period ending July 16, 2026 · ~1 min read

Key Changes

• high

  Q2 2026 diluted EPS of $1.35, up 22% year-over-year from $1.11. Return on tangible common equity reached 18.7%, return on average assets 1.26%, and efficiency ratio improved 210 basis points to 57.1%.

  Exhibit 99.3 view on EDGAR →
• high

  Completed BTIG acquisition on June 1, adding equity trading and investment banking capabilities. BTIG contributed ~$98M in fee revenue and operated at ~14% pre-tax margin in June.

  Exhibit 99.3 view on EDGAR →
• high

  Net interest margin expanded to 2.79%, up 13 basis points year-over-year, driven by loan growth and improved asset mix. Net interest income rose 7.7% to $4.36 billion.

  Exhibit 99.2 view on EDGAR →