U.S. Bancorp reported a record‑setting second‑quarter revenue of $7.71 billion, up 10% from the same period a year ago. The Minneapolis‑based banking giant posted അവ the figure after a recent acquisition of financial‑services firm BTIG, which added a one‑month boost to its earnings. The surge was driven by robust loan growth and strong fee momentum across its offerings.

Net income climbed to $2.18 billion, or $1.35 a share, compared with $1.82 billion, or $1.11, a year earlier. This beat the $1.28 a share consensus from analysts polled by Fact Set. Revenue topped the $7.58 billion estimate, while net interest income rose 7.5% to $4.39 billion. Non‑interest income grew 13.7%, reaching $3.33 billion, underscoring the bank’s balanced revenue mix.

The results showcase U.S. Bancorp’s continued resilience amid a competitive banking landscape. With a solid base of loans and a growing fee‑generating portfolio, the company is well‑positioned to sustain growth. The acquisition of BTIG is expected to further enhance its market reach and product offerings in the coming quarters.