U.S. Bancorp guides Q3 NII, fee revenue to top; pauses buybacks

U.S. Bancorp expects Q3 NII and fee revenue to reach the top of guidance, with ~6–7% loan growth, solid deposits and stable charge-offs, and expenses ~8% higher. It paused buybacks while keeping a 70–75% payout target, and raised its prime rate to 7.00% effective Sept. 17, 2026.