AI English summary of an SEC filing — figures as filed
U.S. Bancorp USBThe company said total net revenue for Q2 2026 was $7,712 million, net income attributable to U.S. Bancorp was $2,177 million, and diluted earnings per share was $1.35. For Q2 2025, net income was $1,815 million and diluted earnings per share was $1.11.
Key points
AI summaryThe company said total net revenue for Q2 2026 was $7,712 million, net income attributable to U.S. Bancorp was $2,177 million, and diluted earnings per share was $1.35. For Q2 2025, net income was $1,815 million and diluted earnings per share was $1.11.
The company said net interest income on a taxable-equivalent basis for Q2 2026 was $4,387 million, up 7.5% from a year earlier, and net interest margin rose to 2.79% from 2.66%. The company cited loan growth, an improved earning asset mix and benefits from fixed asset repricing as factors.
The company said BTIG joined U.S. Bancorp effective June 1, 2026. It said noninterest income for Q2 was $3,325 million, up 13.7% from a year earlier, and cited the contribution from BTIG to higher capital markets revenue as a factor.
The company said its provision for credit losses was $538 million for Q2 2026 and its net charge-off ratio was 0.53%. As of June 30, 2026, the Basel III standardized common equity tier 1 capital ratio was 10.8%.
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
2Q26 Total Net Revenue, Net Income and Diluted EPS
The company said total net revenue for Q2 2026 was $7,712 million, net income attributable to U.S. Bancorp was $2,177 million, and diluted earnings per share was $1.35. For Q2 2025, net income was $1,815 million and diluted earnings per share was $1.11.
Source · Based on the filing body and exhibits
Net Interest Income and Net Interest Margin
The company said net interest income on a taxable-equivalent basis for Q2 2026 was $4,387 million, up 7.5% from a year earlier, and net interest margin rose to 2.79% from 2.66%. The company cited loan growth, an improved earning asset mix and benefits from fixed asset repricing as factors.
Source · Based on the filing body and exhibits
BTIG Acquisition Completed and Noninterest Income
The company said BTIG joined U.S. Bancorp effective June 1, 2026. It said noninterest income for Q2 was $3,325 million, up 13.7% from a year earlier, and cited the contribution from BTIG to higher capital markets revenue as a factor.
Source · Based on the filing body and exhibits
Provision for Credit Losses, Net Charge-Off Ratio and CET1 Ratio
The company said its provision for credit losses was $538 million for Q2 2026 and its net charge-off ratio was 0.53%. As of June 30, 2026, the Basel III standardized common equity tier 1 capital ratio was 10.8%.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
You can verify the report’s figures and statements in the original filing on SEC EDGAR.