U.S. Bank N.A.: Yields and Funding Costs
Data as of · Call Report Schedules RI and RC-K How we update
What the bank earns on its assets, what it pays for its funding, and the spread between them. Net interest margin is the output of the two: it is the engine of earnings for almost every commercial bank.
In Q2 2026, Total interest expense edged up by 2.3%, from $2.94B to $3.01B, the largest move among the key lines here. Within Ohio, U.S. Bank N.A. is 135th of 156 on net interest margin, 2.90% as of Q2 2026, below the middle of the field. At 2.90%, U.S. Bank N.A.'s net interest margin is close to the 2.88% median for banks in the >= $250B asset tier (Q2 2026).
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 4.85% |
| Yield on loans | 5.66% |
| Yield on securities | 3.20% |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 2.05% |
| Cost of interest-bearing deposits | 2.12% |
| Cost of interest-bearing liabilities | 2.34% |
| Cost of borrowings | 4.28% |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 2.90% |
| Yield to cost spread | 2.51% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $5.64B |
| Total interest expense | $3.01B |
| Interest expense on deposits | $2.38B |
Yields and Funding Costs trend
Last 12 quarters as filed. Every value plotted here also appears in the tables above.
Yields and Funding Costs by quarter
| Quarter | Yield on earning assets | Cost of funds | Net interest margin | Loans | Securities |
|---|---|---|---|---|---|
| Q3 2023 | 5.13% | 2.30% | 2.92% | 6.07% | 2.87% |
| Q4 2023 | 5.24% | 2.44% | 2.92% | 6.18% | 2.97% |
| Q1 2024 | 5.22% | 2.51% | 2.82% | 6.18% | 2.96% |
| Q2 2024 | 5.26% | 2.65% | 2.73% | 6.17% | 3.14% |
| Q3 2024 | 5.34% | 2.65% | 2.81% | 6.28% | 3.20% |
| Q4 2024 | 5.12% | 2.43% | 2.81% | 6.06% | 3.14% |
| Q1 2025 | 4.94% | 2.25% | 2.81% | 5.85% | 3.10% |
| Q2 2025 | 4.97% | 2.30% | 2.77% | 5.86% | 3.18% |
| Q3 2025 | 5.07% | 2.32% | 2.83% | 6.02% | 3.26% |
| Q4 2025 | 4.92% | 2.15% | 2.87% | 5.84% | 3.17% |
| Q1 2026 | 4.76% | 2.02% | 2.84% | 5.63% | 3.08% |
| Q2 2026 | 4.85% | 2.05% | 2.90% | 5.66% | 3.20% |
U.S. Bank N.A. yields and funding costs, all the way back
Yields and Funding Costs back to 2001 · peer percentiles on every line item · Excel export
Unlock U.S. Bank N.A., freeSource: Call Report Schedules RI and RC-K, as filed with the FFIEC and standardized by BankRegReports. Dollar amounts are as reported, point-in-time; income statement items are year-to-date through the report date. See the full U.S. Bank N.A. profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 6548) · FFIEC NIC profile (RSSD 504713)