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Updated: Aug 17, 2026
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U.S. Bancorp

NYSE:USB·Stock Analysis Report
Day Range
$61.77 - $63.06
Market Cap
101.82B
P/E Ratio
13.0579
Avg Value
$55.55
Year Range
$45.02 - $66.08
$61.78-$1.04 (-1.66%)
1
General Information
With assets of around $700 billion, U.S. Bancorp is one of the largest regional banks in the US with its footprint in 26 states.

The bank's branch network is mostly in Midwestern and Western markets. U.S. Bancorp has a comprehensive product set, with offerings in retail and commercial banking, credit cards, mortgages, payment services, trust, wealth, and capital market services.

2
U.S. Bancorp (USB) Stock Graph
3
How We Grade U.S. Bancorp (USB)

We grade stocks based on past performance, their future growth potential, intrinsic value, dividend history, and overall financial health.

The chart below shows how we grade U.S. Bancorp (USB) across the board compared to its closest peers.

4
Benzinga Edge Rankings

Benzinga Edge stock rankings give you four critical scores to help you identify the strongest and weakest stocks to buy and sell.

62.16

Growth measures a stock's combined historical expansion in earnings and revenue across multiple time periods, with emphasis on both long-term trends and recent performance.

Momentum measures a stock's relative strength based on its price movement patterns and volatility over multiple timeframes, ranked as a percentile against other stocks.

41.63

Quality is a composite ranking that evaluates a company's operational efficiency and financial health by analyzing historical profitability metrics and fundamental strength indicators on a percentile basis relative to peers.

Stock Score Locked: Want to See it?
Benzinga Rankings give you vital metrics on any stock – anytime.
5
Future Growth
Our estimate of future price growth is based on an aggregation of 20 analyst ratings over the past 3 months and their 12-month price targets.

Below, you can see that analysts are estimating a 12-month price target range of $63.00 - $77.00 with an average of $69.07

5.69%
Expected movement for U.S. Bancorp (USB) over the next 12 months
Based on these rankings

Recent Ratings for U.S. Bancorp (USB)

JP Morgan
Date:
Jul 29, 2026
Action:
Maintains
Prev. Target:
$67.50
New Target:
$69.00
Evercore ISI Group
Date:
Jul 20, 2026
Action:
Upgrades
Prev. Target:
$65.00
New Target:
$72.00
JP Morgan
Date:
Jul 20, 2026
Action:
Upgrades
Prev. Target:
$65.00
New Target:
$67.50
Oppenheimer
Date:
Jul 17, 2026
Action:
Maintains
Prev. Target:
$73.00
New Target:
$77.00
Stephens & Co.
Date:
Jul 17, 2026
Action:
Maintains
Prev. Target:
$63.00
New Target:
$67.00
Keefe, Bruyette & Woods
Date:
Jul 17, 2026
Action:
Maintains
Prev. Target:
$63.00
New Target:
$66.00
Wells Fargo
Date:
Jul 17, 2026
Action:
Maintains
Prev. Target:
$66.00
New Target:
$69.00
DA Davidson
Date:
Jul 17, 2026
Action:
Maintains
Prev. Target:
$72.00
New Target:
$74.00
Truist Securities
Date:
Jul 17, 2026
Action:
Maintains
Prev. Target:
$66.00
New Target:
$69.00
6
Valuation

Earnings History (3 years)

It is important to look at a companies earnings history to see not only if they are profitable, but if their earnings are growing.
As you can see from the chart above, USB's earnings have fluctuated but has increased since, this is a positive sign for the stock.
7
Dividend
There are few things we like to see when evaluating the quality of a company's dividend history and future

Ideally, we would like to see a company have a long history of consistently high dividend payouts that have grown at a consistent rate. From here we want to be confident that this sort of dividend growth and consistency will persist into the future.

The chart below shows the historical trend in U.S. Bancorp (USB) dividend yield on an annual basis.

8.94%
U.S. Bancorp (USB) saw a increase in its dividend yield since 2021
8
Past Performance
How has U.S. Bancorp (USB) performed over the past 5 years?

The two main factors that we consider when analyzing past performance is overall return and volatility

Using these two metrics, we can determine if this stock gave its investors enough return for the risk that they took on by owning it. This is measured by the sharpe ratio, which has been used as a primary measure of risk/reward trade-off for almost 60 years.

This ratio can be interpreted as the amount of return an investor has received for the amount of risk that they took on by owning the stock over that timeframe.

U.S. Bancorp (USB) sharpe ratio over the past 5 years is 0.2241 which is considered to be below average compared to the peer average of 1.4808

9
Analyzing U.S. Bancorp (USB) Recent Options Activity
Below, you can see the trend in options sentiment over the past 30 days.

Based on our data, USB's options trades have recently carried more negative sentiment than positive.

10
Company Financials
INCOME STATEMENT
The income statement also known as the profit and loss statement, primarily focuses on the company's revenues and expenses during a particular period.

The main purpose of an income statement is to convey details of profitability and business activities. Below, is USB's income statement for the previous four years along with its trailing-twelve- month profit & loss.

FISCAL YEAR (BIL.)
2022 ($)
2023 ($)
2024 ($)
2025 ($)
TTM ($)
Total Revenue
24.18
28.01
27.34
28.54
29.58
Operating Revenue
24.18
28.01
27.34
28.54
29.58
Cost Of Revenue
Gross Profit
Operating Expense
Selling General And Administration
9.61
11.14
11.17
11.03
11.20
Research and Development
Operating Income
Net Non-Operating Interest Income Expense
Other Income Expense
Other Non-Operating Income Expenses
Pre-Tax Income
7.30
6.87
7.91
9.52
10.20
Tax Provision
1.46
1.41
1.58
1.92
2.01
Net Income
5.83
5.43
6.30
7.57
8.17
Net Income Common Stockholders
5.50
5.05
5.91
7.19
7.80
Total Operating Income As Reported
Total Expenses
Net Income From Continuing And Discontinued Operation
5.83
5.43
6.30
7.57
8.17
Normalized Income
6.09
6.23
6.62
7.57
8.17
Interest Income
17.95
30.01
31.67
30.97
31.29
Interest Expense
3.22
12.61
15.38
14.32
14.16
Net Interest Income
14.73
17.40
16.29
16.65
17.13
EBIT
EBITDA
Reconciled Cost Of Revenue
Reconciled Depreciation
0.56
1.02
0.94
0.88
0.86
Normalized EBITDA
Tax Rate For Calcs
0.00
0.00
0.00
0.00
0.20
Tax Effect Of Unusual Items
-0.06
-0.21
-0.08
0.00
0.00
BALANCE SHEET
The balance sheet is a snapshot of a companies financials during a particular period in time.

It breaks down what company owns (assets) and what a company owes (liabilities), in order to give investors an overview of its capital structure.

FISCAL YEAR (BIL.)
2022 ($)
2023 ($)
2024 ($)
2025 ($)
TTM ($)
Total Assets
674.80
663.49
678.32
692.35
725.92
Current Assets
Total Non-Current Assets
Total Liabilities Net Minority Interest
623.57
607.72
619.28
626.69
658.02
Current Liabilities
Other Non-Current Liabilities
Total Equity Gross Minority Interest
51.23
55.77
59.04
65.65
67.90
Stockholders Equity
Total Capitalization
90.59
106.79
116.58
125.96
126.10
Common Stock Equity
43.96
48.50
51.77
58.38
60.62
Net Tangible Assets
31.24
36.73
40.49
47.65
49.20
Working Capital
Invested Capital
113.35
111.43
117.40
126.80
156.63
Tangible Book Value
24.43
29.93
33.69
40.85
42.39
Total Debt
69.39
62.94
65.63
68.41
96.01
Net Debt
15.85
1.74
9.12
21.52
29.52
Share Issued
2.13
2.13
2.13
2.13
2.13
Ordinary Shares Number
1.53
1.56
1.56
1.56
1.56
CASH FLOW STATEMENTS
A companies statement of cash flows gives an investor a break down of the cash inflows and outflows from a companies operations and investment activities.
FISCAL YEAR (BIL.)
2022 ($)
2023 ($)
2024 ($)
2025 ($)
TTM ($)
Cash Flow from Continuing Operating Activities
21.12
8.45
11.27
7.97
12.38
Net Income from Continuing Operations
5.83
5.43
6.30
7.57
8.17
Depreciation and Amortization
0.56
1.02
0.94
0.88
0.86
Deferred Tax
Deferred Income Tax
Stock-Based Compensation
Other Non-Cash Items
12.56
-0.40
1.86
-2.40
1.26
Change in Working Capital
Change in Receivables
Changes in Account Receivables
Change in Inventory
Change in Payables and Accrued Expense
Change in Payable
Change in Account Payable
Change in Other Current Assets
Change in Other Current Liabilities
Change in Other Working Capital
Cash Flow from Continuing Investing Activities
7.50
18.93
-24.53
-20.54
-28.35
Net PPE Purchase and Sale
Net Business Purchase and Sale
Purchase of Business
Net Investment Purchase and Sale
25.39
14.41
-10.84
1.23
6.99
Purchase of Investment
-31.68
-9.27
-36.13
-19.81
-20.99
Sale of Investment
57.08
23.69
25.29
21.04
27.98
Net Other Investing Changes
-5.39
-1.18
-1.83
-2.96
-3.66
Financing Cash Flow
-3.98
-19.72
8.57
2.25
24.14
Cash Flow from Continuing Financing Activities
-3.98
-19.72
8.57
2.25
24.14
Net Issuance Payments of Debt
17.02
-5.01
6.21
2.95
15.48
Net Long-Term Debt Issuance
1.81
11.50
5.97
1.31
-6.59
Long-Term Debt Issuance
8.73
15.58
12.02
10.36
8.42
Long-Term Debt Payments
-6.93
-4.08
-6.04
-9.05
-15.01
Net Short-Term Debt Issuance
15.21
-16.51
0.24
1.64
22.07
Net Common Stock Issuance
-0.05
0.89
-0.14
-0.44
-0.66
Common Stock Issuance
0.02
0.95
0.03
0.04
0.04
Common Stock Payments
-0.07
-0.06
-0.17
-0.49
-0.70
Cash Dividends Paid
-3.08
-3.31
-3.45
-3.50
-3.55
Net Other Financing Charges
-0.06
End Cash Position
178.62
262.42
272.88
221.35
228.44
Changes in Cash
24.64
7.65
-4.69
-10.32
8.18
Beginning Cash Position
153.98
254.77
277.57
230.96
219.75
Capital Expenditure
Issuance of Capital Stock
0.46
0.95
0.03
0.04
0.04
Issuance of Debt
8.73
15.58
12.02
10.36
8.42
Repayment of Debt
-6.93
-4.08
-6.04
-9.05
-15.01
Repurchase of Capital Stock
-1.17
-0.06
-0.17
-0.49
-0.70
Free Cash Flow
21.12
8.45
11.27
7.97
12.38