U.S. Bancorp Q2 2026: $2.18B Net Income, $1.35 Per Share

U.S. Bancorp posted Q2 2026 net income of $2,177 million, or $1.35 per diluted share, per July 16 results. The Minneapolis superregional's print offers a benchmark for large-bank profitability as Fed rate shifts and deposit-cost pressures test net interest margins — the spread between what banks earn on loans and pay on deposits. Results may also reflect early effects of the pending BTIG broker-dealer acquisition.