U.S. Bancorp Increases Dividend Amid Strong Earnings Growth
U.S. Bancorp (NYSE:USB) has increased its quarterly dividend by 3.8% to $0.54 per share, resulting in an annualized payout of $2.16 and a yield of 3.5%. The move is supported by strong financial performance as the bank enters the second half of 2026 with accelerating earnings growth. In Q2, U.S. Bancorp reported record revenue of $7.7 billion, up 10% year-over-year (YoY), and a net interest margin increase to 2.79%. Net income rose by 20%, reaching $2.18 billion, while diluted earnings per share increased by 21.6% to $1.35. The bank also saw strong loan growth with average loans rising 7.1% and fee-based revenue growing due in part to its acquisition of BTIG. The dividend increase is further backed by U.S. Bancorp’s solid capital position, including a CET1 ratio of 10.8%, well above the regulatory minimum of 7.1%. The bank also continues share repurchases under an existing $5 billion program.
Tickers: $USB
Topics: capital position dividends earnings report loan growth