U.S. Bancorp (USB) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the U.S. Bancorp second quarter 2026 earnings conference call. Following a review of the results, there will be a formal question and answer session. If you would like to ask a question, please press star then one on your phone. If you wish to withdraw your question, please press star then one again. This call will be recorded and available for replay beginning today at approximately 10 a.m. Central Time. I will now turn the conference over to Brian Mani, Director of Investor Relations for U.S. Bancorp. Thank you, Krista, and good morning, everyone. Today, I'm joined by our Chairman and Chief Executive Officer, Gunjan Kedia, and Vice Chair and Chief Financial Officer, John Stern. In a moment, Gunjan and John will be referencing a slide presentation together with their prepared remarks. A copy of the presentation, our press release, and supplemental analyst schedules can be found on our website at ir.usbank.com. Please note that any forward-looking statements made during today's call are subject to risk and uncertainty. Factors that could materially change our current forward-looking assumptions are described on page two of today's earnings presentation, our press release, and reports on file with the SEC. Following our prepared remarks, Gunjan and John will be happy to take questions that you have. I will now turn the call over to Gunjan. Thank you, Brian, and welcome to our team. Good morning, everyone. Beginning on slide three, this quarter we delivered earnings per share of $1.35, an increase of approximately 22% year over year. Record net revenue of $7.7 billion highlights the strength of our diversified business mix and improved executions. Results in the quarter reflect strong progress against our three strategic priorities. Revenue growth accelerate...