Earnings call briefThird-quarter 2026
U.S. Bancorp now expects 2026 net revenue growth of 8% to 9%, or 6% to 7% excluding BTIG
U.S. Bancorp said it now expects approximately 300 basis points of positive operating leverage for 2026, or approximately 400 basis points excluding BTIG.
GetSignal U.S. Bancorp USB
U.S. Bancorp said on its third-quarter call it now expects total net revenue growth of 8% to 9% for 2026 compared with the prior year, or 6% to 7% excluding BTIG, up from its prior range of 5% to 7%.
For the fourth quarter, the company expects net interest income growth of 6% to 7% on a fully taxable equivalent basis and total fee revenue growth of 13% to 14%, with roughly half of the fee growth coming from BTIG.
Quotes from the call
“For the full year 2026, we now expect total net revenue growth of 8% to 9% compared to the prior year. Or 6% to 7% excluding BTIG. This is improved from our prior guidance range of 5% to 7%.”
Key facts from the call
- Expected 2026 net revenue growth
- 8% to 9%, or 6% to 7% excluding BTIG
- Prior 2026 net revenue growth guidance
- 5% to 7%
- Expected 2026 operating leverage
- Approximately 300 basis points, or approximately 400 basis points excluding the impact from BTIG
- Expected share repurchase timing
- Resume over the next quarter or 2, depending on loan demand, interest rates and regulation, as the company builds capital ratios
Source: U.S. Bancorp's third-quarter 2026 earnings call, October 15, 2026.
Written by GetSignal with AI from the company's earnings call.
Not investment advice.
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