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US Bancorp (USB) Q1 2026 Earnings Call Transcript [Globe and Mail, The (Toronto, Canada)]

U.S. Bancorp (USB) 
Last u.s. bancorp earnings: 4/15 06:45 am Check Earnings Report
Senior Executive Vice President and CFO — John Stern Investor Relations — Jen Thompson Need a quote from a Motley Fool analyst? Email pr@fool.com TAKEAWAYS Earnings Per Share -- $1.18, up approximately 15% year over year. Total Net Revenue -- $7.3 billion, a 4.7% increase driven by business line growth. Net Interest Income -- $4.3 billion (taxable-equivalent basis), up 4.1% year over year, supported by robust core loan growth and stable deposit pricing. Fee Income -- Up 6.9% year over year, with nearly 30% growth in capital markets and nearly 10% for trust and institutional fees. Average Total Assets -- $688 billion, up 0.7% from the previous quarter. Positive Operating Leverage -- 440 basis points achieved, with efficiency ratio improving by 260 basis points year over year. Return on Tangible Common Equity Return on Average Assets -- 1.15% for the quarter. Net Interest Margin -- 2.77%, flat from the prior quarter, reflecting offsetting effects of loan growth an Show less Read more
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