U.S. Bancorp.
Exchange: NYSESector: Financial ServicesIndustry: Banks - Regional
U.S. Bancorp, with approximately 70,000 employees and $676 billion in assets as of March 31, 2025, is the parent company of U.S. Bank National Association. Headquartered in Minneapolis, the company serves millions of customers locally, nationally and globally through a diversified mix of businesses including consumer banking, business banking, commercial banking, institutional banking, payments and wealth management. U.S. Bancorp has been recognized for its approach to digital innovation, community partnerships and customer service, including being named one of the 2025 World’s Most Ethical Companies and one of Fortune’s most admired superregional banks.
Did you know?
Pays a 3.63% dividend yield.
Current Price
$56.17
-0.07%GoodMoat Value
$132.46
135.8% undervaluedProfile
Valuation (TTM)
Market Cap$87.31B
P/E12.14
EV$111.12B
P/B1.34
Shares Out1.55B
P/Sales3.31
Revenue$26.35B
EV/EBITDA11.42
U.S. Bancorp. (USB) Stock Analysis
GoodMoat Analysis
U.S. Bancorp is a major regional bank with a strong financial profile, but its competitive moat appears limited based on the framework. The stock trades at a significant discount to the GoodMoat target price, suggesting a potentially favourable valuation.
Read full analysis
U.S. Bancorp (USB) is a large, established regional bank providing commercial and consumer banking, payment services, and wealth management. Applying the GoodMoat Investment Framework, the company's moat is likely narrow. While it may possess elements of scale, a strong regional brand, and regulatory barriers inherent to banking, these are common among large peers. A formal Moat Score would likely fall below the framework's 5+ threshold for a durable advantage, indicating a business in a competitive field without a clear, structural edge. Financially, USB shows quality indicators: a solid ROE of 11.6%, a strong free cash flow yield of 9.9%, and a reasonable P/E of 11.2. The debt/equity ratio of 1.2 is manageable for a bank. However, revenue growth of 5.3% YoY is modest. The Decision Framework's first step is a 'Moat & Quality Gate.' While quality metrics are adequate, the likely sub-5 Moat Score suggests the business may not pass the initial gate for a high-conviction moat-based investment. The valuation is intriguing, with the current price of $51.89 being 61% below the GoodMoat target of $132.46. This implies a substantial margin of safety if the target is accurate, placing it in the 'Deeply Undervalued' band per the framework. For a value investor, this creates a tension: a business with solid financials at a deeply discounted price, but one that may lack the durable competitive advantages the framework prioritizes. It warrants further investigation to reconcile this valuation gap and assess the sustainability of its returns.
Market Cap$87.31B
Current Price$56.17
P/E Ratio12.14
Forward P/E—
PEG Ratio0.52
EPS$4.62
Book Value$41.94
P/B Ratio1.34
USB Financial Charts
FCF vs CAPEX
FCFCAPEX
Forward estimates use 8.5% FCF growth (CAGR)
Cash vs Debt
Net Debt: 31.0B
Revenue
21.4B
FY19
19.4B
FY20
23.9B
FY21
22.2B
FY22
25.7B
FY23
25.1B
FY24
26.4B
FY25
Net Income
6.9B
FY19
5.0B
FY20
8.0B
FY21
5.8B
FY22
5.4B
FY23
6.3B
FY24
7.6B
FY25
USB 52-Week Range
$38.71
$60.09
50-Day MA: $53.94200-Day MA: $50.21
Did you know?
Price sits at 82% of its 52-week range.
U.S. Bancorp. (USB) Financial Summary
U.S. Bancorp. (USB) is a Financial Services company in the Banks - Regional industry, listed on NYSE. The stock currently trades at $56.17 with a market capitalization of $87.31B.
Key valuation metrics include a P/E ratio of 12.14, price-to-book ratio of 1.34, and EPS of $4.62. The company reports a profit margin of 28.7% and return on equity of 11.6%.
USB Key Financial Metrics
| Metric | Value |
|---|---|
| Market Cap | $87.31B |
| P/E Ratio | 12.14 |
| EPS | $4.62 |
| P/B Ratio | 1.34 |
| P/S Ratio | 3.31 |
| EV/EBITDA | 11.42 |
| Dividend Yield | 3.63% |
| Profit Margin | 28.7% |
| Return on Equity | 11.6% |
| Debt/Equity | 1.20 |
USB Revenue & Earnings History
| Year | Revenue | Net Income |
|---|---|---|
| FY19 | $21.38B | $6.91B |
| FY20 | $19.42B | $4.96B |
| FY21 | $23.89B | $7.96B |
| FY22 | $22.21B | $5.83B |
| FY23 | $25.74B | $5.43B |
| FY24 | $25.10B | $6.30B |
| FY25 | $26.35B | $7.57B |
U.S. Bancorp. (USB) Valuation
Based on GoodMoat's DCF model, U.S. Bancorp. has a fair value estimate of $132.46. At the current price of $56.17, the stock appears 57.6% undervalued relative to our intrinsic value estimate.
USB Quality Indicators
U.S. Bancorp. maintains a profit margin of 28.7% and an operating margin of 36.1%. Return on equity stands at 11.6%. Debt-to-equity ratio is 1.20.
About U.S. Bancorp.
U.S. Bancorp, with approximately 70,000 employees and $676 billion in assets as of March 31, 2025, is the parent company of U.S. Bank National Association. Headquartered in Minneapolis, the company serves millions of customers locally, nationally and globally through a diversified mix of businesses including consumer banking, business banking, commercial banking, institutional banking, payments and wealth management. U.S. Bancorp has been recognized for its approach to digital innovation, community partnerships and customer service, including being named one of the 2025 World’s Most Ethical Companies and one of Fortune’s most admired superregional banks.
USB Free Cash Flow
U.S. Bancorp. generated $7.97B in trailing twelve-month free cash flow, representing an FCF yield of 9.13%. This strong FCF yield suggests the company generates substantial cash relative to its market value.
USB Shares Outstanding
U.S. Bancorp. has 1.55 billion shares outstanding at a share price of $56.17, giving it a market capitalization of $87.31B.
USB Recent Insider Trades
Recent insider transactions at U.S. Bancorp. include:
| Insider | Type | Shares | Value |
|---|---|---|---|
| Richard Jodi L (Vice Chair) | SELL | 40,000 | $2.28M |
| Runkel Mark G. (Vice Chair) | SELL | 32,195 | $1.95M |
| Barcelos Elcio R.T. (Senior EVP, Chief HR Officer) | SELL | 17,204 | $1.01M |