U.S. Bancorp (NYSE:USB) reported upbeat first-quarter 2026 results on Thursday.
The bank reported first-quarter adjusted earnings per share of $1.18, beating the analyst consensus estimate of $1.14. Quarterly sales of $7.288 billion outpaced the Street view of $7.277 billion.
“Strong revenue growth drove 440 basis points of positive operating leverage, as ongoing investments for growth and continued cost savings drove 260 basis points of year-over-year improvement in our efficiency ratio,” said CEO Gunjan Kedia.
U.S. Bancorp expects net interest income and fees to grow 6%–7% in the second quarter. The bank also guides full-year revenue growth of 4%–6% with operating leverage of over 200 basis points.
U.S. Bancorp shares rose 3.4% …
This post was originally published here
