U.S. Bancorp (USB): analysis in plain words
Is U.S. Bancorp cheap or expensive? How it makes money, whether it grows and its risks, explained in plain words and with its official accounts.
U.S. Bancorp (USB) is listed on the NYSE and we classify it in banking. Below are its key dated figures, how it makes money, how it compares with its sector, what works for and against U.S. Bancorp according to those figures, and the questions people ask most about the stock. No buy or sell tips.
U.S. Bancorp (USB) key figures as of November 4, 2026
| Figure | Value | What it measures |
|---|---|---|
| Share price | $61.03 | Last price on November 4, 2026 |
| P/E ratio (TTM) | 11.9x | Price over earnings per share |
| Revenue growth | +8.4% | Latest quarter vs the same quarter a year earlier |
| Net margin (TTM) | 30.0% | Profit for every 100 of sales |
| Net debt / EBITDA | Not meaningful (financial company) | Years of operating profit to repay debt |
| Dividend yield | 3.61% | Annual dividend over price |
| Market cap | $95.1 billion | What the stock market values it at |
The U.S. Bancorp figures come from Yahoo Finance, the same source the Fintols analysis uses, retrieved on November 4, 2026. Any USB figure that is not available shows as N/A: we do not estimate it.
How U.S. Bancorp makes money
U.S. Bancorp, parent of U.S. Bank, earns most of its money from net interest on loans and deposits. It reports Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking, with branches, mortgages and small business loans; and Payment Services, which includes credit cards, corporate cards and the Elavon merchant processor.
Over the last 12 months, U.S. Bancorp brought in revenue of $27.9 billion. Its operating margin, what U.S. Bancorp keeps from every 100 of sales after running costs, is 40.1%. With 70,000 full-time employees, that is about $398,000 of revenue per employee.
U.S. Bancorp against its sector
To know whether a U.S. Bancorp figure is high or low you have to put it next to similar companies. This table compares U.S. Bancorp with the median of the 20 banking companies Fintols covers, with data as of November 4, 2026.
| Figure | U.S. Bancorp | banking median |
|---|---|---|
| P/E | 11.9x | 12.2x (20) |
| Revenue growth | +8.4% | +7.3% (20) |
| Net margin | 30.0% | 32.6% (20) |
| Dividend yield | 3.61% | 3.55% (20) |
| ROE | 12.8% | 13.1% (19) |
In short, against the typical banking company, U.S. Bancorp grows faster. By size, U.S. Bancorp ranks number 7 of 8 banking companies quoted in USD on Fintols.
The bull case for U.S. Bancorp
What works in favour of U.S. Bancorp, according to its figures as of November 4, 2026:
- U.S. Bancorp keeps 30.0 of every 100 it sells as net profit, against 32.6 for the median banking company: a margin like that leaves money to invest, buy back shares or pay dividends.
- For income seekers, U.S. Bancorp pays a dividend yielding 3.61% at today's price, using 42% of its profit to fund it.
- U.S. Bancorp grew sales +8.4% in its latest quarter against the same quarter a year earlier, while the median banking company Fintols tracks grew +7.3%.
The main risk for U.S. Bancorp
The U.S. Bancorp figures as of November 4, 2026 show no clear red flag (no heavy debt, no losses, no falling sales). Its main risk is the one built into its business: falling interest rates (which squeeze what it earns on loans) or rising bad loans if the economy weakens.
Frequently asked questions about U.S. Bancorp
Is it a good time to buy U.S. Bancorp stock?
Fintols does not tell you whether to buy or sell U.S. Bancorp, and nobody knows what the price will do tomorrow. What we can show you is where it stands today. As of November 4, 2026, U.S. Bancorp stock trades at $61.03, 8% below its 52-week high ($66.08) and 36% above its low ($45.02). Its P/E is 11.9x against a banking median of 12.2x, and 10.4x on the earnings analysts expect over the next 12 months. With U.S. Bancorp, as with any stock, timing matters less than understanding the business, investing for the long run and not betting everything on a single company.
Does U.S. Bancorp pay a dividend?
Yes. As of November 4, 2026, U.S. Bancorp pays $2.16 per share a year, which at today's price is a yield of 3.61%. It uses 42% of its profit to pay it, which leaves room to keep paying it if profit dips. Its average dividend yield over the last five years is 4.12%. The banking median on Fintols is 3.55%.
Is U.S. Bancorp stock expensive?
It depends on what you compare it with. On P/E, U.S. Bancorp trades at 11.9x its last 12 months of earnings: in line with the banking median (12.2x). For a financial company you also look at price to book value: 1.6x (banking median: 1.7x). A high P/E alone does not make U.S. Bancorp expensive: it can be justified if earnings grow fast, and a low one can reflect a business in trouble.
Who are U.S. Bancorp's competitors?
On Fintols we compare U.S. Bancorp with BNY, Morgan Stanley and Wells Fargo, which are also in banking. As of November 4, 2026, Morgan Stanley is worth $303.6 billion and trades on a P/E of 15.4; Wells Fargo is worth $262.5 billion and trades on a P/E of 12.3. Each has a side-by-side comparison with U.S. Bancorp below.
U.S. Bancorp competitors
- BNY (BK) analysis · U.S. Bancorp vs BNY comparison
- Morgan Stanley (MS) analysis · U.S. Bancorp vs Morgan Stanley comparison
- Wells Fargo (WFC) analysis · U.S. Bancorp vs Wells Fargo comparison
To understand U.S. Bancorp better
- How to Read a Balance Sheet: A Beginner's Guide
- Dividend Growth Investing: FCF Payout Ratio and Compounding
More companies like U.S. Bancorp: banking stocks, S&P 500 companies and S&P 100 companies. Open the full USB analysis with its valuation and scenarios. Educational content about U.S. Bancorp, not investment advice.