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US Bancorp (USB)

Fair Value
Financial ServicesBanks - RegionalUnited States

Fundamental

67

Price

$57.76

Market Cap

$91.58B

Part 1 · What the company is worth

Overview

U.S. Bancorp, a financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States. The company operates through Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support segments. It offers depository services, including checking accounts, savings accounts, and time certificate contracts; and lending services, such as traditional credit products and credit card services, lease financing and import/export trade, agricultural finance, asset-backed lending, and other products. The company also provides cash management, capital markets, and trust and investment management services; and ancillary services comprising capital markets, treasury management, and receivable lock-box collection services to corporate and governmental entity customers. In addition, it offers asset management and fiduciary services for individuals, estates, foundations, business corporations, and charitable organizations; and investment and insurance products to its customers principally within its domestic markets, as well as fund administration services to mutual and other funds. Further, the company provides corporate and purchasing card, and corporate trust services; and credit card services, merchant and ATM processing, mortgage banking, insurance, brokerage and leasing services. U.S. Bancorp was founded in 1863 and is headquartered in Minneapolis, Minnesota.

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Direct competitors

Who this company fights with for the same customers

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No competitor list for this company yet.

Balance Sheet & Liquidity

Revenue

$29.58B

Trailing 12 months (through 6/30/2026)

Net Income

$8.17B

Trailing 12 months (through 6/30/2026)

Free Cash Flow

-

Total Equity

$65.19B

Total Liabilities

$626.69B

Current Ratio

-

Interest Coverage

0.60

Debt/EBITDA

-

Earnings Per Share

Revenue & Net Income

Free Cash Flow

Income Breakdown

Historical statement

Margins over time

Debt over time

Growth grid

Growth — Revenue

Fair Value Estimation

BankFairly Valued

Fair Value

$56.08

Current Price

$57.76

Margin of Safety

-3.0%

Fair Value Range

$45.43 - $66.73

Spread across the valuation methods used, not a statistically calibrated confidence interval.

Estimation Methods

Analyst price target:$70.43
Discounted cash flow (DCF):Not applicable to this type of company
Earnings multiple (P/E):$52.76
Graham growth formula:Not applicable to this type of company
Earnings power value (EPV):Not applicable to this type of company
Justified P/B:$56.39
Dividend discount (Gordon):$37.10
P/FFO, funds from operations:Not applicable to this type of company
Mid-cycle earnings:Not applicable to this type of company
Revenue multiple:Not applicable to this type of company
Analyst Consensus:Buy (16B / 10H / 1S)
Last Earnings Surprise:+4.70%

Valuation Metrics

P/E Ratio

11.53

ROE

11.6%

P/B Ratio

1.33

P/FCF

-

Gross Margin

-

ROIC

-

Profitability Radar

Value Creation (Economic Moat)

ROIC

-

WACC

12.0%

ROIC − WACC

-

Fundamental Analysis Criteria

Passed (13)

  • EPS shows upward trend
  • P/B Ratio 1.33
  • Operating Margin 34.5%
  • Low reliance on intangibles
  • Price below Graham Number
  • ROE 12.5%
  • Analyst Consensus 59% Buy
  • Earnings Surprise avg 4.8%
  • PEG Ratio 1.38
  • Earnings Quality (OCF/NI) 1.53
  • Share Dilution -1.4%
  • Net Margin Trend 27.6% vs 24.9%
  • Piotroski F-Score 7/9

Failed (7)

  • EPS CAGR 3.66%
  • Price CAGR 2.04%
  • Debt/Equity ratio
  • Interest Coverage
  • Return on Tangible Assets
  • DCF valuation (Unknown)
  • Revenue Growth 5Y 4.6%

Unavailable (8)

  • ROIC NaN%
  • Gross Margin NaN%
  • P/FCF NaN
  • Dividend Payout NaN%
  • Positive Free Cash Flow
  • CapEx intensity
  • Current Ratio
  • Debt/EBITDA

Piotroski F-Score

7/9

Strong financial health

score
criteria

Earnings Quality

1.53

High quality: earnings backed by cash

Share Dilution

-1.4%

Buying back shares. Shareholder friendly

Institutional Holdings

Governance

Executive Team

NameTitleAge
Ms. Gunjan KediaPresident, CEO & Chairman54
Mr. John C. SternVice Chair & Chief Financial Officer46
Mr. Elcio R. T. BarcelosSenior EVP & Chief Human Resources Officer54
Mr. Stephen L. PhilipsonVice Chair & Head of Wealth, Corporate, Commercial and Institutional Banking45
Ms. Jodi L. RichardVice Chair & Chief Risk Officer56
Mr. Toby ClementsSenior EVP & Chief Operations Officer-
Mr. Alan FlanaganHead of Global Investment Services-
Ms. Jennifer Ann Thompson C.F.A.EVP & Head of Corporate Finance-
Mr. Dilip VenkatachariSenior EVP and Chief Information & Technology Officer65
Mr. Adam C. GravesSenior EVP and Head of Enterprise Strategy & Administration46

Audit Risk

7

Board Risk

7

Compensation Risk

2

Shareholder Rights Risk

7

Part 2 · The price and when to enter

This part won't tell you whether the company is worth owning: it helps you choose when to buy it, once the fundamentals have convinced you. Inside: technical analysis, potential, historical drawdowns, gamma exposure.

Documents

  • Annual Report (10-K)

    A yearly overview of the business, its financial results, and the risks it faces.

    Filed on 2026-02-23

    View document
  • Quarterly Report (10-Q)

    A snapshot of financial performance for the most recent three-month period.

    Filed on 2026-08-06

    View document
  • Current Report (8-K)

    An announcement of a major event, such as a leadership change or big news.

    Filed on 2026-07-16

    View document

via SEC EDGAR

Income History

via SEC EDGAR

Latest News

Recent headlines for USB, sourced from Markets Gazette.

  • 6/1/2026POSITIVE
    U.S. Bancorp Vice Chair, BTIG CEO on Benefits of Combining

    U.S. Bancorp has successfully completed its acquisition of BTIG, a move discussed by U.S. Bancorp Vice Chair Stephen Philipson and BTIG CEO Anton LeRoy. The integration is expected to yield significant benefits, although specific financial projections were not detailed. This strategic acquisition aims to enhance U.S. Bancorp's market position and service offerings, potentially leading to increased revenue streams and operational synergies. Investors will be watching for the tangible impacts on the company's financial performance in the coming quarters.

  • 4/16/2026NEGATIVE
    What's Going On With U.S. Bancorp Stock Thursday?

    U.S. Bancorp's stock experienced a decline on Thursday, even though the company reported an earnings beat. While strong revenue and margin momentum were present, the positive impact was overshadowed by an increase in credit costs. This suggests that despite operational strengths, the bank is facing headwinds from potential loan defaults or increased provisions for losses, which is concerning investors about future profitability and asset quality.

via Markets Gazette