U.S. Bancorp Reports Q1 2025 Earnings: Adjusted EPS $1.03, Net Revenue $6.958B, Net Income $1.709B

U.S. Bancorp reported its Q1 2025 earnings, revealing an adjusted earnings per share (EPS) of $1.03, surpassing analysts' expectations of $0.97. The bank's net revenue for the quarter reached $6.958 billion, exceeding the forecast of $6.912 billion. The net interest income for the quarter was $4.12 billion, slightly below the expected $4.13 billion. The bank noted total average deposits of $506.53 billion, which fell short of the estimate of $513.39 billion, while total average loans were reported at $379.03 billion, exceeding the forecast of $368.7 billion. U.S. Bancorp anticipates its net interest income for Q2 2025 to be between $4.1 billion and $4.2 billion, and projects total net revenue growth for 2025 to be between 3% and 5%. The bank's net income for the quarter was $1.709 billion, with a return on tangible common equity of 17.5% and an efficiency ratio of 60.8%.