11 Best Regional Bank Dividend Stocks to Buy

5. U.S. Bancorp (NYSE:USB)

Number of Hedge Fund Holders: 48

U.S. Bancorp (NYSE:USB) is a Minnesota-based bank holding company that provides a wide range of financial services, including commercial and consumer banking, payment processing, wealth management, and investment solutions. The company places a strong emphasis on operational efficiency and prudent balance sheet management, both key factors in supporting its long-term profitability.

In the fourth quarter of 2024, U.S. Bancorp (NYSE:USB) delivered results that slightly exceeded Wall Street’s expectations. Earnings per share came in at $1.07, narrowly beating the forecast of $1.05, while revenue reached $7.01 billion, just above the projected $7 billion. Despite facing economic uncertainty and regulatory changes, the company achieved solid net income growth, reflecting its ability to manage challenges effectively. Net interest income rose slightly to $4.18 billion, supported by successful repricing efforts, although the net interest margin declined marginally to 2.71%. The company also continued to advance its fintech capabilities, highlighted by the launch of Elavon’s cloud-based payment gateway.

On March 11, U.S. Bancorp (NYSE:USB) announced a quarterly dividend of $0.50 per share, which was in line with its previous dividend. It is one of the best dividend stocks on our list, as the company grew its dividends for 14 consecutive years. The stock has a dividend yield of 5.16%, as of April 3.