$USB · US BANCORP \DE\
U.S. Bancorp filed an 8-K under Item 7.01 (Regulation FD) furnishing slides for a presentation by CFO John Stern and Vice Chair Stephen Philipson at the BancAnalysts Association of Boston Conference on November 6, 2026. The slides highlight 3Q 2026 results: total net revenue of $7,970 million, net income applicable to common shareholders of $2,095 million, return on tangible common equity of 18.5%, and a CET1 capital ratio of 10.8%. The presentation emphasizes the BTIG acquisition and Global Capital Markets growth strategy, with fee income representing ~44% of total net revenue.
- 3Q 2026 total net revenue was $7,970 million, up 9.5% year over year excluding securities gains/losses.
- Net income applicable to common shareholders was $2,095 million in 3Q 2026, versus $1,893 million a year earlier.
- Return on tangible common equity was 18.5% in 3Q 2026, within the high-teens medium-term target.
- CET1 capital ratio was 10.8% as of September 30, 2026.
- Fee income represents ~44% of total net revenue, with Capital Markets fee revenue of $640 million in 3Q 2026.
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The slides quantify U.S. Bancorp's BTIG-driven capital markets expansion and reaffirm medium-term financial targets, giving investors a data-rich update on the bank's fee-diversification strategy.
The presentation underscores U.S. Bancorp's push to expand capital markets and fee-based revenue via the BTIG acquisition, a diversification theme common among large regional banks seeking to reduce reliance on net interest income.
Forward-looking statements flag risks including BTIG integration costs exceeding expectations, interest rate changes, credit quality deterioration, and regulatory capital requirement changes.