U.S. Bancorp (NYSE: USB) traded at approximately $42 per share in early 2026, recovering from a 52-week low near $28 during the March 2023 regional banking stress. The stock remains well below its 2021 peak of $63, weighed by elevated funding costs and Union Bank integration expenses that compressed profitability through 2023.
Stock Price of US Bancorp
US Bancorp Stock Forecast
Analyst consensus on USB leans moderately bullish for 2026. Most 12-month price targets range from $46 to $56, anchored by earnings recovery from the Union Bank integration and stabilizing net interest margins. Key risks include a potential rate cut cycle compressing bank earnings, further commercial real estate credit deterioration, and any delayed payoff from the Union Bank acquisition.
US Bancorp Valuation
Timeline of US Bancorp Funding
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1863
Founding CharterFirst National Bank of Cincinnati receives its charter, providing initial capitalization to serve trade finance for Ohio's growing commercial economy.
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1929
NYSE ListingU.S. Bancorp incorporates and lists on the NYSE, enabling it to raise public equity capital and fund expansion across the Midwest.
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1997
Acquisition / RebrandFirst Bank System acquires U.S. Bancorp for $9 billion and adopts the U.S. Bancorp name, creating a major upper-Midwest banking franchise.
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2001
Transformative MergerU.S. Bancorp acquires Firstar Corporation for $21 billion, vaulting the combined bank into the top five US banks by asset size.
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2022
Debt & Equity FinancingU.S. Bancorp raises approximately $3 billion in debt and equity to partially fund the $8 billion MUFG Union Bank acquisition.
US Bancorp Investors
Vanguard Group
Stake~9.4%
Est. Position~$6.0B
TypePassive / Index
CountryUSA
BlackRock
Stake~7.8%
Est. Position~$5.0B
TypePassive / Index
CountryUSA
Berkshire Hathaway
Stake~7.5%
Est. Position~$4.8B
TypeActive / Value
ManagerWarren Buffett
State Street Global Advisors
Stake~4.3%
Est. Position~$2.8B
TypePassive / Index
CountryUSA
Fidelity Investments
Stake~3.1%
Est. Position~$2.0B
TypeActive / Blended
CountryUSA
T. Rowe Price
Stake~2.4%
Est. Position~$1.5B
TypeActive / Growth
CountryUSA