U.S. Bancorp posts record Q2 revenue and raises 2026 growth outlook on strong lending and fees

U.S. Bancorp reported strong Q2 2026 results with earnings per share of $1.35 and record revenues of $7.71 billion, both surpassing analyst expectations. The growth was driven by increased lending activity and higher net interest income. Following this performance, the bank raised its 2026 net revenue growth forecast to 7%-9%, reflecting confidence in continued loan and fee growth. The company maintains solid financial health with a debt-to-equity ratio of 1.42 and a current ratio of 1.78, supporting its stable outlook.