US Bancorp USB reported mixed results for the fourth quarter.

The company reported its quarterly results amid an exciting earnings season. Here are some key analyst takeaways.

DA Davidson On US Bancorp

Analyst Peter Winter maintained a Buy rating and a price target of $60.

US Bancorp reported its fourth-quarter earnings at $1.01 per share, with core earnings of $1.07 per share surpassing consensus of $1.05 per share, Winter said in a note. The company's net interest income (NII) rose $11 million, or 0.3%, to $4.176 billion, in-line with expectations, he added.

US Bancorp has reported positive operating leverage (POL) of more than 0.5% only once since 2016, with the figure being negative in six of those years, the analyst stated. "However, USB has turned the corner," generating positive POL in the third and fourth quarters of 2024 and has guided to a 200+ basis points of POL for the first quarter and 2025, "led by 3% to 5% total revenue growth," he further wrote.

Check out other analyst stock ratings.

Keefe, Bruyette & Woods On US Bancorp

Analyst David Konrad reiterated a Market Perform rating and price target of $58.

US Bancorp reported "a modest operating beat" for the fourth quarter, with NII of $4.2 billion in-line with expectations, Konrad said. Net interest margins came in at 2.71%, down sequentially by three basis points (bps) and below "our estimate of 2.73%," he added.

"NII growth for 2025 is embedded in the firm’s +3-5% net revenue guide, and assumes two rate cuts, and is expected to benefit from better asset mix, stabilization in NIBD mix shift, and fixed asset repricing," the analyst wrote. Although the company's 2025 guidance came in below Street expectations, the market reaction seems to be overdone, he further stated.

USB Price Action: Shares of US Bancorp had risen by 0.19% to $48.13 at the time of publication on Friday.

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