U.S. Bancorp First-Quarter Profit Rises 13.6% on Strong Loans and Fee Income

U.S. Bancorp, one of the five largest U.S. banks, generates most of its revenue from lending spreads and fees from businesses including payments and asset management. With interest-rate shifts affecting net interest margins, simultaneous growth in loans and fee income points to momentum in its core businesses. The bank is also expanding beyond its existing base of 1.4 million small-business customers through a credit card partnership with Amazon.

U.S. Bancorp on April 16, 2026, reported results for the first quarter ended March 31, with net income rising 13.6% from a year earlier to $1.95 billion and earnings per share reaching $1.18. Net interest income increased 4.2% to $4.26 billion, while fee income rose 6.9%. The Amazon small-business card partnership was announced on March 31.