U.S. Bancorp reported second-quarter 2025 net income attributable to U.S. Bancorp of $1.80 billion, marking a 13.0% increase year-over-year, with diluted earnings per common share of $1.11. Total net revenue for the quarter grew 2.0% year-over-year to $7.00 billion.
The company achieved 250 basis points of year-over-year positive operating leverage on an adjusted basis, its fourth consecutive quarter of revenue growth outpacing expenses. Fee income represented approximately 42% of total net revenue, with institutional wealth and payments businesses contributing over 75% of this segment.
Net interest income (NII) increased 0.7% year-over-year to $4.05 billion, despite a 6 basis point sequential decline in net interest margin (NIM) to 2.66%, half of which was attributed to strategic loan portfolio sales. U.S. Bancorp maintained a strong CET1 ratio of 10.7% and reported stable to improving credit quality, with a nonperforming assets ratio of 0.44%.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.