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U.S. Bancorp Posts Record Revenue as NII and Fee Income Drive 23% Profit Growth
U.S. Bancorp Posts Record Revenue as NII and Fee Income Drive 23% Profit Growth
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BTCCSquare news:
U.S. Bancorp delivered a standout fourth quarter, with revenue climbing to a record $7.37 billion. The surge was fueled by robust net interest income and expanding fee activities, propelling profits up 23%. Net interest income ROSE to $4.31 billion, supported by stable margins and efficient deposit cost management.
Fee-based revenue demonstrated resilience, offsetting potential pressure from easing rates. The acquisition of BTIG further positions the bank for capital markets growth, signaling strategic diversification beyond traditional lending. With non-GAAP earnings of $1.26 per share exceeding estimates, U.S. Bancorp enters 2026 on stable footing.
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