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U.S. Bancorp Posts Earnings Beat on Fee Growth and Margin Expansion
U.S. BancorpU.S. Bancorp(US:USB) Financial Modeling Prepยท2025-10-16 20:16

Core Insights - U.S. Bancorp reported strong third-quarter results, exceeding analyst expectations with broad-based revenue growth and improved efficiency [1][2] Financial Performance - Earnings per share reached $1.22, surpassing estimates of $1.12 [1] - Revenue hit a record $7.33 billion, exceeding the consensus forecast of $7.16 billion, marking a 16.7% year-over-year increase in net income to $2.0 billion [1] Revenue and Margins - Fee revenue increased by 9.5% compared to the prior year [2] - The net interest margin expanded by 9 basis points to 2.75% [2] Efficiency and Cost Control - The efficiency ratio improved to 57.2%, down from 60.2% a year earlier, indicating strong cost control [2] Asset Quality and Capital Position - Asset quality strengthened, with the net charge-off ratio declining to 0.56% from 0.60% a year ago [2] - The Common Equity Tier 1 (CET1) ratio improved to 10.9% from 10.5% [2] Future Outlook - Executives indicated that the performance reflects solid execution across all business segments, positioning the company for continued earnings growth through 2026 [3]