U.S. Bancorp posts record quarterly net income of $2.18 billion

U.S. Bancorp, the Minneapolis-based parent of U.S. Bank and one of the largest regional lenders in the country, reported record net revenue of $7.712 billion for its second quarter of 2026, alongside net income attributable to the company of $2.177 billion.

Diluted earnings per common share for the quarter came in at $1.35, an increase of roughly 21.6% to 22% compared with the same period in 2025 — a meaningful jump in per-share profitability even before accounting for the record top-line figure.

The results continue a period of steady performance for U.S. Bancorp, which operates across consumer and business banking, payment services, wealth management and corporate and commercial banking. Regional banks of its size have faced a mixed operating backdrop over the past two years, balancing net interest income against deposit competition and credit normalization, and a record revenue quarter alongside double-digit EPS growth signals the bank’s core businesses continuing to perform without relying on one-time items to drive the headline numbers.

The bank did not attribute the quarter’s results to any single unusual item in its reporting, framing the results instead as a continuation of underlying business trends across its major segments.