U.S. Bancorp Rides Payments Boom to Record Revenue

Bancorp leaned on payments to power a record quarter. The bank’s second-quarter results , released Thursday (July 16), show a customer base still spending, borrowing and embracing digital banking products, while its payments business supplied fresh fuel for growth. The company reported record quarterly revenue of $7.7 billion, driven by higher fee income, loan growth and continued expansion across its payments franchise.