Us Bancorp De (USB)
Financials · Diversified Banks · US stock · S&P 500 component
$60.02
▲ +0.97 (1.64%)
Fair valueUndervalued
$73 +21.0% to fair value
$36fair band $62–$88$109
Day's range
$58.65 – $60.03
52-week range
$45.02 – $66.08
About Us Bancorp De
U.S. Bancorp is a large diversified bank holding company based in Minneapolis, offering consumer and business banking, wealth management, payment services and commercial lending. It takes deposits and lends funds, earning net interest income from the spread between what it receives on loans and pays on deposits. It also collects fees from payment processing, card services, trust and mortgage banking activities.
Us Bancorp De generated $29.7 billion of revenue in the last twelve months, with sales that expanded at 5.6% a year across three years. The operating margin is 34.4% and the return on invested capital is 21%. A dividend is paid, with a yield of 3.5%. Its X-Ray Score is 63 out of 100.
Price chart
52-wk range $45.02 – $66.08Volume 7,241,428Daily, split-adjusted
Vitals
Market cap$93.3B
52-week range$45.02 – $66.08
Volume (last day)7,241,428
P/E (TTM)11.4
EBIT / EV yield15.8%
Free-cash-flow yield–
Dividend yield3.5%
Revenue (TTM)$29.7B
Net income (TTM)$8.2B
Operating margin34.4%
Return on capital21.4%
Debt incl. leases$37.3B
Cash & securities$66.5B
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies that hold large long-term investments). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$73middle half of models $57 – $74
Undervalued
+21.0% to fair value
Average of the 4 valuation models that pass our checks: multiples, discounted cash flow, dividend discount and earnings power value. A model more than 100% above or 60% below the price is left out as unrealistic. Model uncertainty is Medium, based on how far apart the models are. Undervalued or Overvalued means the gap to fair value is more than 17.5%.
Price $60
Undervalued < $62Fair $62 – $88Overvalued > $88
P/E multiple
$59
P/B multiple
$56
P/S multiple
$57
Dividend discount, stable
$118
Dividend discount, multi-stage · not used
$244
A model estimate, not a price target or recommendation. Inputs: risk-free 5.13%, equity risk premium 4.30% (Damodaran). How it works.
What this means
Average business at a low price
Our models put fair value above today's price, but models can be wrong, so check the business first. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Financials peers. Open a lens to see the numbers behind it.
Strong: 70 to 100Fair: 50 to 69Weak: under 50No score: not enough data
Valuation
Strong
86/100
Cheap against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield15.8%
Fair value vs price1.2×
Growth
Weak
28/100
Growing slower than most of its sector.
See the numbers →
Revenue growth (3y)5.6%
EPS growth (3y)7.8%
Growth consistency70%
Profitability
Fair
53/100
Returns on capital are typical for its sector.
See the numbers →
Return on invested capital21.4%
Operating margin34.4%
Financial health
Strong
80/100
Balance sheet looks strong: debt is well covered.
See the numbers →
Piotroski F-Score8 / 9
Net debt / EBITDA-2.9×
Interest coverNo interest cost
Dividends
Fair
65/100
Dividend is typical for its sector.
See the numbers →
Dividend yield3.5%
Dividend growth4.5%
Quarterly results: last 6 quarters
+3.6%
Mar '25
+2.0%
Jun '25
+6.8%
Sep '25
+5.1%
Dec '25
+4.7%
Mar '26
+10.1%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $7.7B, diluted EPS $1.35.
Compare with peers
PNC Pnc Financial Services...49 JPM Jpmorgan Chase & Co49 BAC Bank Of America Corp48 WFC Wells Fargo & Company38Other Diversified Banks companies by X-Ray Score.
SWOT analysis: Us Bancorp De
Strengthsinside the company
- Return on invested capital is 21.4%, against a median of 7.2% for industry peers.
- Cash exceeds debt (net debt is negative), which gives room to invest or ride out a downturn.
- Operating profit covers interest 50x, so debt costs are a small drag.
- Passes 8 of the 9 Piotroski tests, which points to improving profitability, funding and efficiency.
Weaknessesinside the company
- No clear weakness in the figures we track.
Opportunitiesvaluation and setting
- The price is 21% below our fair value estimate, with the gap larger than the margin we allow for error.
- Our Market Compass rates the backdrop for Financials as favourable.
- Price momentum is strong on the weekly and monthly signals (trends can reverse).
Threatsvaluation and setting
- No specific threat is flagged by our checks; general market and interest-rate risk still applies.
Written by fixed rules from the figures on this page and the peer table below: filings, our fair value, the sector climate and the price trend. It summarises the data, it is not a forecast or advice.
Compare USB with peers and sector
Medians of 6 Diversified Banks peers and of 70 Financials stocks in our universe.
Largest peers (X-Ray Score): JPM 49, BAC 48, WFC 38, C 24, PNC 49, TFC 38.
| Metric | USB | Peers | Sector |
|---|---|---|---|
| X-Ray Score (out of 100) | 63 | 43 | 50 |
| Valuation | 86 | 50 | 52 |
| Growth | 28 | 32 | 54 |
| Profitability | 53 | 38 | 48 |
| Financial health | 80 | 46 | 50 |
| Dividends | 65 | 52 | 54 |
Sector leaders: highest X-Ray Score in Financials
USB ranks #8 of 71 in Financials and #1 of 7 in Diversified Banks by X-Ray Score. A higher score is stronger on our five pillars; it is a ranking of facts, not a forecast.
Green means better than the peer median, red worse (only where a higher or lower figure is clearly better). A dash means too few companies report the figure. P/E, EV/EBITDA and price changes are not graded: a different level is not good or bad by itself.
Factor ratings for USB
Each factor is rated by where USB stands among the 71 Financials stocks in our universe.
Rating against the sector
Goodthe top third of these stocks
Averagethe middle third of these stocks
Badthe bottom third of these stocks
"Beats" is the share of those stocks it is ahead of.
Against its own history
The last columns set today's figure against the company's own median of its last five financial years:
▲ Betterbetter than its usual level
▼ Worseworse than its usual level
≈ In linewithin its usual range
For valuation factors Good means cheaper than most of the sector and Better means cheaper than usual for this company, which is not the same as a bargain.
In total: 3 Good · 2 Average · 3 Bad of 8
Growth: 0 · 0 · 3
Profitability: 1 · 1 · 0
Valuation: 2 · 1 · 0
| Factor | USB | Rating | Sector median | Own 5-year median | Against own history |
|---|---|---|---|---|---|
| Growth | |||||
| Revenue growth, 3 years a year | +5.6% | Bad beats 32% | +8.3% | – | – |
| Revenue growth, last year | +4.4% | Bad beats 27% | +6.9% | +4.4% | ≈ In line |
| EPS growth, 3 years a year | +7.8% | Bad beats 31% | +12.7% | – | – |
| Profitability | |||||
| Net margin | 27.5% | Good beats 73% | 21.8% | 23.5% | ▲ Better |
| Return on equity | 12.1% | Average beats 35% | 15.7% | 11.5% | ≈ In line |
| Valuation | |||||
| P/E ratio | 11.4x | Good beats 70% | 13.8x | 11.2x | ≈ In line |
| Price / book | 1.4x | Good beats 75% | 2.2x | 1.3x | ≈ In line |
| Price / sales | 3.1x | Average beats 48% | 3.1x | 2.7x | ▼ Worse |
These ratings compare companies with each other and describe the past; they are not a forecast, a recommendation or part of the X-Ray Score. A factor is left out when its data is missing or meaningless (for example a P/E on negative earnings), and banks and insurers are rated only on the factors that apply to them. A dash in the history columns means fewer than three usable years.
Fundamentals checklist
● 6 Good · ● 2 Average · ● 3 BadCash quality
Earnings backed by cashAverage
Risk models
Piotroski F-ScoreGood
Growth
EPS growth (3y)Bad
Revenue growth (3y)Bad
Growth consistencyBad
Balance sheet
Net debt / EBITDAGood
Interest coverGood
Valuation
Fair value vs priceGood
EBIT / EV yieldGood
Profitability
Return on invested capitalGood
Operating marginAverage
Each check is graded against the company's sector, not a fixed number. Checklist score 61/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | – | $24.3B | $28.1B | $27.5B | $28.7B |
| Operating income | $11.2B | $10.5B | $19.5B | $7.9B | $9.5B |
| Net income | $8.0B | $5.8B | $5.4B | $6.3B | $7.6B |
| Operating cash flow | $9.9B | $21.1B | $8.4B | $11.4B | $8.0B |
| Operating margin | – | 43.3% | 69.2% | 28.8% | 33.2% |
| Free cash flow | – | – | – | – | – |
| Diluted EPS | $5.10 | $3.69 | $3.27 | $3.79 | $4.62 |
Fiscal years, from SEC filings.
Technical summary
Daily
Bullish
10 bullish · 1 neutral · 5 bearish
Weekly
Strongly bullish
9 bullish · 1 neutral · 2 bearish
Monthly
Strongly bullish
7 bullish · 1 neutral · 0 bearish
Moving averages (daily)
| SMA 10 | 57.98 | Bullish |
| EMA 10 | 58.40 | Bullish |
| SMA 20 | 57.74 | Bullish |
| EMA 20 | 58.35 | Bullish |
| SMA 50 | 60.02 | Bullish |
| EMA 50 | 59.23 | Bullish |
| SMA 100 | 60.21 | Bearish |
| EMA 100 | 58.97 | Bullish |
| SMA 200 | 56.97 | Bullish |
| EMA 200 | 56.66 | Bullish |
Oscillators (daily)
| RSI (14) | 58.40 | Neutral |
| MACD (12, 26) | -0.24 | Bearish |
| Momentum (12) | 4.77 | Bullish |
| Stochastic %K (14) | 99.77 | Bearish |
| Williams %R (14) | -0.23 | Bearish |
| CCI (20) | 163.8 | Bearish |
Pivot points (classic, last session)
S3 57.72 | S2 58.19 | S1 59.10 | Pivot 59.57 | R1 60.48 | R2 60.95 | R3 61.86 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
2.10 USD
Yield on today's price
3.50%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 0.5400 | |
| 0.5200 | |
| 0.5200 | |
| 0.5200 | |
| 0.5200 | |
| 0.5000 | |
| 0.5000 | |
| 0.5000 | |
| 0.5000 | |
| 0.4900 | |
| 0.4900 | |
| 0.4900 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
ETFs that hold USB
| ETF | Share of the fund |
|---|---|
| KBWB Invesco KBW Bank | 3.76% |
| QLTY GMO U.S. Quality | 2.46% |
| FDL First Trust Morningstar Dividend Leade... | 2.27% |
| PEY Invesco High Yield Equity Dividend Ach... | 1.64% |
| RDVI FT Cboe Vest Rising Dividend Achievers... | 1.63% |
| SPHD Invesco S&P 500 High Dividend Low Vola... | 1.61% |
| RDVY First Trust Rising Dividend Achievers | 1.56% |
| PWV Invesco Dynamic Large Cap Value | 1.51% |
The eight funds with the largest weight in USB among the ETFs we cover, from each fund's latest SEC Form N-PORT (quarter-end positions, so they can be months old). All ETFs.
USB stock splits
USB has split its stock 2 times since 1997. The latest was a 3-for-1 split on 16 Apr 1999.
Full USB stock split history →USB SEC filings
8-KSEC EDGAR
Results of operations; Regulation FD disclosure
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Results of operations; Regulation FD disclosure
8-KSEC EDGAR
Other events
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Shareholder vote results
8-KSEC EDGAR
Results of operations; Regulation FD disclosure
8-KSEC EDGAR
Regulation FD disclosure
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.