CLAIM #61414 · U.S. Bancorp (USB) · 2026Q2 earnings call · Jul 16, 2026 · due Dec 31, 2027
“We continue to see a path on the 3% journey here at some point in 2027.”
John Stern · CFO
How to check this claim
Look at: Net interest margin (NIM), as reported quarterly
It came true if: Reported NIM >= 3.0% in at least one quarter during 2027
Where: Company quarterly earnings release / investor presentation (NIM disclosure)
In context
“John Stern: Yeah. Sure, absolutely. We continue to see a path on the 3% journey here at some point in 2027. Not much has changed really since I think the last time we talked here some time ago. It was good to see the NIM go up this quarter. We expect that to continue to progress. The positives, of course, are going to be on the asset mix side as well as just the continual fixed repricing. I think, John, what it's going to come down to in terms of the speed in which we go that way is going to be on the deposit side of the equation, as I just mentioned some points there. Also, the slope of the curve. Obviously, there's some talk of rate hikes and things like that. The hikes in and of themselves are not consequential. It's more, what's the shape of the curve after that? That's what we're going to be focused on as we move forward.”
Verify independently
SEC filings for USB ↗ · Claim quote is verbatim from the 2026Q2 earnings call.