U.S. Bancorp (USB) - NYSE
  • Fri, Jul. 15, 7:21 AM
    • Q2 net income of $1.522B or $0.83 per share vs. $1.483B and $0.80 one year ago. Special items boosted this year's result by $0.01 per share, but that's still a $0.02 beat.
    • Net interest income of $2.896B up 4.5% Y/Y, with NIM of 3.02% down one basis point. Average loans of $266.6B up 8.1%. Average deposits of $21.6B up 7.6%.
    • Noninterest income of $2.5522B up 12.3% Y/Y, but excluding the Visa Europe sale, was up just 4.4%. Credit and debit card revenue of $296M up 11.3%. Mortgage banking revenue of $238M up 3%.
    • Noninterest expense of $2.992B up 11.6% Y/Y, but excluding items was up just 6%. Compensation expense up 6.8%. Professional services expense up 14.2%.
    • ROA of 1.43%, ROE of 13.8%, efficiency ratio of 54.9%, or 54% excluding items.
    • CC at 8 ET
    • Previously: U.S. Bancorp beats by $0.03, beats on revenue (July 15)
    • USB +1.5% premarket
    | Fri, Jul. 15, 7:21 AM | 4 Comments
  • Fri, Jul. 15, 6:51 AM
    • U.S. Bancorp (NYSE:USB): Q2 EPS of $0.83 beats by $0.03.
    • Revenue of $5.45B (+8.1% Y/Y) beats by $260M.
    • Press Release
    | Fri, Jul. 15, 6:51 AM | 3 Comments
  • Thu, Jul. 14, 5:30 PM
    | Thu, Jul. 14, 5:30 PM | 3 Comments
  • Wed, Apr. 20, 7:23 AM
    • Q1 net income of $1.386B or $0.76 per share vs. $1.431B and $0.76 one year ago. ROA of 1.32% down 12 bps, ROE of 13% down 110 bps, efficiency ratio of 54.6% deteriorates 30 bps. Book value per share of $23.82 up from $22.20.
    • Net interest income of $2.888B up 4.9% Y/Y. NIM of 3.06% down two bps. Average earnings assets up 4.8%, with loan growth of 5.3%. Average total deposits up 6.3%.
    • Noninterest income of $2.149B down marginally Y/Y. Mortgage banking revenue of $187M down 22.1%. Credit and debit card revenue of $266M up 10.4%.
    • Noninterest expense of $2.749B up 3.2% Y/Y. Comp expense of $1.249B up 5.9%. Benefits of $300M down 5.4%. Professional services of $98M up 27.3%.
    • Provisions of $330M up 25% from last year, driven by deterioration in the energy portfolio. NPAs of $1.719B vs. $1.696B a year ago. NPA to loan ratio of 0.65% down four basis points.
    • Previously: U.S. Bancorp EPS in-line, misses on revenue (April 20)
    • USB -2% in very thin premarket action
    | Wed, Apr. 20, 7:23 AM
  • Wed, Apr. 20, 7:00 AM
    • U.S. Bancorp (NYSE:USB): Q1 EPS of $0.76 in-line.
    • Revenue of $5.04B (+2.6% Y/Y) misses by $20M.
    • Shares -2% PM.
    • Press Release
    | Wed, Apr. 20, 7:00 AM
  • Tue, Apr. 19, 5:30 PM
    | Tue, Apr. 19, 5:30 PM | 2 Comments
  • Fri, Jan. 15, 7:45 AM
    • Q4 net income of $1.476B or $0.80 per share vs. $1.488B and $0.79 one year ago. This year's results included a gain on sale which boosted EPS by $0.01.
    • ROA of 1.41% down 9 basis points Y/Y/; ROE of 13.7% down 70 basis points; NIM of 3.06% down 8 basis points; Efficiency ratio of 53.9% worsens by 40 basis points. Book value per share of $23.28 up from $21.68.
    • Net interest income of $2.871B up 2.6% Y/Y. Noninterest income of $2.34B down 1.3%. Noninterest expense of $2.809B essentially flat.
    • Credit loss provisions of $305M up 8.2% from Q3, and 5.9% from a year ago.
    • Average loans of $256.7B up 4.2% Y/Y. Average deposits $294.5B up 6.9%.
    • In noninterest income, credit/debit card revenue of $294M gained 8.1% Y/Y, mortgage banking revenue of $211M fell 10.2%.
    • Conference call at 9 ET
    • Previously: U.S. Bancorp beats by $0.01, beats on revenue (Jan. 15)
    • USB -1.95% premarket amid a rout in futures
    | Fri, Jan. 15, 7:45 AM | 2 Comments
  • Fri, Jan. 15, 6:49 AM
    • U.S. Bancorp (NYSE:USB): Q4 EPS of $0.80 beats by $0.01.
    • Revenue of $5.21B (+0.8% Y/Y) beats by $90M.
    | Fri, Jan. 15, 6:49 AM | 1 Comment
  • Thu, Jan. 14, 5:30 PM
    | Thu, Jan. 14, 5:30 PM | 6 Comments
  • Oct. 15, 2015, 9:41 AM
    • Q3 net income of $1.489B or $0.81 per share vs. $1.471B and $0.78 one year ago. Total revenue of $5.147B up 3.7% Y/Y.
    • ROA of 1.44% down seven basis points Y/Y. ROE of 14.1% down 40 bps. NIM of 3.04% down 12 bps. Efficiency ratio of 53.9% deteriorates by 150 bps. Book value per share of $22.29 vs. $$22.51 in Q2, and $21.38 one year ago.
    • Average total loans up 1.3% Q/Q, up 3.8% Y/Y (excludes student loans which the bank tried and failed to sell). Commercial loans up 9.5% Y/Y.
    • Average total deposits up 1.4% Q/Q, up 6.9% Y/Y. Average low-cost deposits up 2.5% and 11.4%.
    • Fully phased-in CET 1 ratio of 12.4%.
    • Previously: U.S. Bancorp EPS in-line, beats on revenue (Oct. 15)
    • USB +1.3%
    | Oct. 15, 2015, 9:41 AM
  • Oct. 15, 2015, 6:52 AM
    • U.S. Bancorp (NYSE:USB): Q3 EPS of $0.81 in-line.
    • Revenue of $5.15B (+3.2% Y/Y) beats by $30M.
    | Oct. 15, 2015, 6:52 AM
  • Oct. 14, 2015, 5:30 PM
    | Oct. 14, 2015, 5:30 PM | 8 Comments
  • Jul. 15, 2015, 8:01 AM
    • Q2 net income of $1.48B or $0.80 per share vs. $1.5B and $0.78 one year ago.
    • Net interest income of $2.77B up 0.9% from last year, with net interest margin of 3.03% down 24 basis points. Average total deposits up 8.9%.
    • Noninterest income of $2.27B down 7%. Mortgage banking revenue of $231M down 16.9%. Credit and debit card revenue of $266M up 2.7%. Merchant processing services of $395M up 2.9%.
    • Noninterest expense of $2.68B down 2.6%.
    • Average total loans of 4% Y/Y. Commercial loans up 1%.
    • ROA of 1.46% down 14 bps Y/Y, ROE of 14.3% down 80 bps. Efficiency ratio of 53.2% up 10 bps.
    • CET 1 ratio of 9.5%. Book value per share of $22.51 vs. $22.20 at start of quarter.
    • Conference call at 8:30 ET
    • Previously: U.S. Bancorp EPS and revenue in-line (July 15)
    • USB flat premarket
    | Jul. 15, 2015, 8:01 AM | 1 Comment
  • Jul. 15, 2015, 7:16 AM
    • U.S. Bancorp (NYSE:USB): Q2 EPS of $0.80 in-line.
    • Revenue of $5.04B (-2.9% Y/Y) in-line.
    | Jul. 15, 2015, 7:16 AM
  • Jul. 14, 2015, 5:30 PM
    | Jul. 14, 2015, 5:30 PM | 3 Comments
Company Description
U.S. Bancorp operates as a bank holding company, which through its subsidiary provides banking services. It provides a full range of financial services, including lending and depository services, cash management, foreign exchange and trust and investment management services. The company also... More
Sector: Financial
Industry: Regional - Midwest Banks
Country: United States