• U.S. Bancorp posted 2Q26 net income to company of $2.18 billion, up 19.9% year over year; diluted EPS rose 21.6% to $1.35.
• Net interest income increased 7.5% from 2Q25 to $4.39 billion, while noninterest income climbed 13.7% to $3.33 billion.
• Fee revenue rose 13.2% to $3.37 billion, with capital markets revenue more than doubled to $512 million; payment services fees grew 5.5% to $1.04 billion.
• Efficiency ratio improved 210 basis points to 57.1%, while return on average assets rose to 1.26% from 1.08% a year earlier.
• BTIG deal closed June 1; BTIG booked about $98 million of June fee revenue, and management expects about $200 million of quarterly net revenue at a 15%-20% margin.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. U.S. Bancorp published the original content used to generate this news brief on July 16, 2026, and is solely responsible for the information contained therein.