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USB

U.S. Bancorp

U.S. Bancorp, a financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States. The company operates through Wealth, Corporate, Commercial and Institutional… U.S. Bancorp, a financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States. The company operates through Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support segments. It offers depository services, including checking accounts, savings accounts, and time certificate contracts; and lending services, such as traditional credit products and credit card services, lease financing and import/export trade, agricultural finance, asset-backed lending, and other products. The company also provides cash management, capital markets, and trust and investment management services; and ancillary services comprising capital markets, treasury management, and receivable lock-box collection services to corporate and governmental entity customers. In addition, it offers asset management and fiduciary services for individuals, estates, foundations, business corporations, and charitable organizations; and investment and insurance products to its customers principally within its domestic markets, as well as fund administration services to mutual and other funds. Further, the company provides corporate and purchasing card, and corporate trust services; and credit card services, merchant and ATM processing, mortgage banking, insurance, brokerage and leasing services. U.S. Bancorp was founded in 1863 and is headquartered in Minneapolis, Minnesota.
Market price
USD 59.75
Within modeled range
Base value (DCF (trailing free cash flow)) is 43.1% above the market price
5-year outlook: 10.8% per year · forecast
Data: Price updated 06 Nov 2026 18:22; FY2025, period ended 31 Dec 2025 from SEC EDGAR (downloaded 31 min ago). Next earnings: 19 Jan 2027 (in 74 days)
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Verdict

Priced within the modelled range

PriceUSD 59.75
Fair value range53.64–148.03base 85.48
Estimate reliabilityHigh
5-year outlook10.8% / yr≈ USD 99.65 in 5 yrs

Why: Banks and insurers earn their money on their balance sheet, so value follows book value and how much the company earns on it (return on equity).

Start with the price and fair value range, then review the data dates and assumptions below. Estimates are not predictions or investment advice.

DCF (trailing free cash flow)

Market price within modeled range

Showing the DCF (trailing free cash flow) you selected on the company card, using 6.21% growth, 2.4% terminal growth and 9.6% discount. The range varies these assumptions slightly; it is illustrative, not investment advice.

Assumptions: growth 6.21%, discount rate 9.60%, terminal growth 2.40% (sector defaults). See a worked example.

Blended growth assumption: 6.2% (sector default 5.4%, own revenue history 4.8%, analyst revenue consensus 7.3%).

5-year outlook: relative outlook of about 10.8% a year (High confidence), anchored to a 7% market return and adjusted for how this company ranks against others. A ranking aid, not a prediction. See the full forecast.

Analyst consensus expects revenue growth of 7.3% a year; the growth assumption used is 6.2%.

Adjust assumptions

Show the recommended model instead

Why this model: Banks and insurers earn their money on their balance sheet, so value follows book value and how much the company earns on it (return on equity).

Compare models
  • Recommended: Justified P/B (ROE) — USD 53.54 (-10.4%)
  • EPS-based Gordon proxy — USD 69.10 (+15.7%)
    Not used: Treats all earnings as if paid out and ignores the cash kept for reinvestment, so it overstates value for companies that retain most profit.
  • DCF (trailing free cash flow) — USD 85.48 (+43.1%)
    Not used: Cash-flow models do not suit banks and insurers, whose cash flow is mostly funding and deposits.
  • FCFF (steady state) — USD 72.75 (+21.8%)
    Not used: Cash-flow models do not suit banks and insurers, whose cash flow is mostly funding and deposits.
  • EV/EBITDA (12x) — not applicable
    Not used: Cannot be computed: EBITDA is missing, zero or negative.
  • Fade DCF (10-year growth fade) — USD 85.02 (+42.3%)
    Not used: Cash-flow models do not suit banks and insurers, whose cash flow is mostly funding and deposits.
  • EV/Sales (Rule of 40) — USD 22.84 (-61.8%)
    Not used: Used only for technology and communication companies whose cash-flow value is far below the price.
Illustrative range / share USD 53.64–148.03
Base scenario / share USD 85.48
Margin of safety (share of value) Margin of safety vs base case
Bear USD 53.64-11.4%
Base USD 85.4830.1%
Bull USD 148.0359.6%

Margin = (value − price) / value, so it is measured against the value and reads lower than the upside to value, which is measured against the price. Positive means the price is below that case.

Track record: see the methodology page for how this model has performed historically, including its limits. Treat it as a screen, not a forecast.

Price history and fair value

1 month price change: +6.37% · USD 59.75 · Market data through 05 Nov 2026 ; dashed line is today’s model base value (USD 85.48). The fair value is today’s estimate, not what the model said in the past.

Saved price history is current through 05 Nov 2026; last refreshed 06 Nov 2026 18:33 (16 minutes ago).

07 Oct 2026Range USD 56.17 – 61.0305 Nov 2026

Latest news

Headlines provided by EODHD. Articles may mention multiple companies and are not investment recommendations.

More detail: quality, peers, price history, dividends and financials

Quality score: 87 / 100

Five equal checks on reported history: profitability, cash generation, revenue growth, balance sheet and margins. It describes business quality, not whether the price is attractive.

Profitability5 of 5 years profitable20 / 20
Cash generationfree cash flow positive in 5 of 5 years20 / 20
Growthrevenue +4.8% a year12 / 20

Peers in Financials

Same-sector companies with a valuation, most undervalued first. Compare the margin of safety, yield and quality score side by side.

CompanyPriceMargin of safetyP/EP/BYieldQuality
USB (this company) USD 59.75 -11.6% 12.3 1.4 3.4% 87
BRK-B Berkshire Hathaway Inc. (Class B) USD 571.97 99.9% 0.0 0.0 – 92
PSH.L Pershing Square Holdings, Ltd. GBP 38.66 68.4% 3.7 0.6 1.3% 76
LRE.L Lancashire Holdings Limited GBP 6.86 45.8% 7.1 1.6 3.3% 76
ACA.PA Credit Agricole S.A. EUR 15.84 36.1% 6.8 0.7 6.9% 78
PRU.L Prudential plc GBP 9.23 34.4% 8.0 1.6 1.9% 78
V Visa Inc. USD 422.59 33.3% 8.9 – 0.2% 100
AGS.BR ageas SA/NV EUR 77.50 32.6% 8.1 1.5 5.0% 76
NWG.L NatWest Group plc GBP 5.87 30.2% 8.2 1.3 5.0% 88
Peer median 7.6 1.3

Dividends

Paid in the last 12 months: USD 2.10 per share · yield 3.51% at the current price.

YearDividends per share
2026 (so far)1.580
20252.040
20241.980
20231.930
20221.880
20211.760
Sector Financials
Exchange NASDAQ
Currency USD

Annual financial statement

Saved annual report · Fiscal year 2025 · SEC EDGAR annual filings · period ended 31 Dec 2025

RevenueUSD 28,656,000,000
EBITDAUSD
EBITUSD
Net incomeUSD 7,570,000,000
Free cash flowUSD 7,970,000,000
Capital expendituresUSD
DebtUSD
CashUSD
Working capitalUSD
Shares outstanding1,558,000,000
Reported dividends per shareUSD 2.0400