MINNEAPOLIS - U.S. Bancorp (NYSE:USB) completed its acquisition of BTIG, LLC on Monday, adding institutional equity sales and trading, equity capital markets, and M&A advisory capabilities to its platform.
BTIG, founded in 2005, specializes in investment banking, institutional sales and trading, research and prime brokerage. The firm ranks among the top 10 U.S. brokers for high-touch equity volume and has participated in more than 1,350 announced investment banking transactions since 2015, according to a press release statement.
Anton LeRoy will remain chief executive officer of BTIG and report to Stephen Philipson, vice chair and head of Wealth, Corporate, Commercial and Institutional Banking at U.S. Bancorp. BTIG co-founder and Executive Chairman Steven Starker will report to LeRoy and continue engaging with the firm’s institutional and corporate clients.For investors seeking deeper insights into U.S. Bancorp’s financial health and growth prospects, InvestingPro offers comprehensive analysis including a detailed Pro Research Report, which transforms complex Wall Street data into clear, actionable intelligence for over 1,400 US stocks.
BTIG will continue to operate as a separate broker-dealer within U.S. Bancorp. The acquisition was originally announced on January 13, 2026.
U.S. Bancorp is the parent company of U.S. Bank National Association, the fifth-largest commercial bank in the United States. The Minneapolis-based company serves 15 million clients throughout the U.S., Canada and Europe with a workforce of nearly 70,000 people.
In other recent news, U.S. Bancorp reported its first-quarter 2026 financial results, which surpassed Wall Street expectations. The company achieved an earnings per share (EPS) of $1.18, exceeding the analysts’ forecast of $1.15. Additionally, U.S. Bancorp’s revenue reached $7.3 billion, slightly higher than the anticipated $7.28 billion. In another development, U.S. Bank, a division of U.S. Bancorp, launched a new loan product aimed at dentists and veterinarians who are opening their first independent practices. This initiative expands their existing loan offerings, which previously focused on acquisitions and startups by existing practice owners. These recent developments highlight U.S. Bancorp’s strategic moves to enhance its financial performance and broaden its service offerings.
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