US Bancorp (USB) Q4 2025 Earnings Call Transcript

Written by Emily J. Thompson, Senior Investment Analyst

USB-1.4%

Source: NASDAQ.COM

Updated: Jan 20 2026

0mins

Source: NASDAQ.COM

USB

$55.74+Infinity%1D

Analyst Views on USB

Wall Street analysts forecast USB stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for USB is 58.87 USD with a low forecast of 50.00 USD and a high forecast of 75.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

20 Analyst Rating

12 Buy

7 Hold

1 Sell

Moderate Buy

Current: 56.530

Low

50.00

Averages

58.87

High

75.00

Current: 56.530

Low

50.00

Averages

58.87

High

75.00

Argus

Buy

maintain

$62 -> $63

2026-01-22

Reason

Argus

Price Target

$62 -> $63

AI Analysis

2026-01-22

maintain

Buy

Reason

Argus raised the firm's price target on U.S. Bancorp to $63 from $62 and keeps a Buy rating on the shares after its Q4 earnings beat. The company has consistently met or exceeded medium-term goals including a high-teens return on tangible common equity and an efficiency ratio in the mid- to high-50s, and the firm also believes the operating leverage story merits a higher valuation, the analyst tells investors in a research note.

Truist

Hold

maintain

$58 -> $61

2026-01-21

Reason

Truist

Price Target

$58 -> $61

2026-01-21

maintain

Hold

Reason

Truist raised the firm's price target on U.S. Bancorp to $61 from $58 and keeps a Hold rating on the shares. The firm is updating its model to reflect the company's Q4 earnings beat, the analyst tells investors in a research note.

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DA Davidson

Peter Winter

Buy

maintain

$63 -> $65

2026-01-21

Reason

DA Davidson

Peter Winter

Price Target

$63 -> $65

2026-01-21

maintain

Buy

Reason

DA Davidson analyst Peter Winter raised the firm's price target on U.S. Bancorp to $65 from $63 and keeps a Buy rating on the shares. The company delivered 370bps of positive operating leverage in 2025 after being negative 7 of the last 8 years driven by revenue growth, with good momentum heading into 2026, the analyst tells investors in a research note. U.S. Bancorp already reached the low-end of its medium-term profitably targets in Q4, which puts them at the upper end of peers, plus credit and capital trends are improving, the firm added.

RBC Capital

Outperform

maintain

$57 -> $59

2026-01-21

Reason

RBC Capital

Price Target

$57 -> $59

2026-01-21

maintain

Outperform

Reason

RBC Capital raised the firm's price target on U.S. Bancorp to $59 from $57 and keeps an Outperform rating on the shares after its Q4 earnings beat, featuring "strong" CET1 ratio at 10.8% and ROTCE of 18.4%. The bank has set the stage for steady growth and positive operating leverage delivered through a combination of investments made in the last five years, the potential revenue synergies from the Union Bank acquisition and holistic approach of optimizing revenue from its customer base, the analyst tells investors in a research note.

About USB

U.S. Bancorp is a financial services holding company. Its segments are Wealth, Corporate, Commercial and Institutional Banking, Consumer and Business Banking, Payment Services, and Treasury and Corporate Support. It provides a full range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services. It also engages in credit card services, merchant and ATM processing, mortgage banking, insurance, brokerage and leasing. Its banking subsidiary, U.S. Bank National Association (USBNA), is engaged in the banking business, principally in domestic markets. USBNA provides a range of products and services to individuals, businesses, institutional organizations, governmental entities and other financial institutions. Its non-banking subsidiaries offer investment and insurance products to its customers principally within its domestic markets, and fund administration services to a range of mutual and other funds.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.