U.S. Bancorp (USB) - NYSE
  • Apr. 15, 2015, 7:19 AM
    • U.S. Bancorp (NYSE:USB): Q1 EPS of $0.76 in line.
    • Revenue of $4.91B (+2.1% Y/Y) misses by $40M.
    | Apr. 15, 2015, 7:19 AM
  • Apr. 14, 2015, 5:30 PM
    | Apr. 14, 2015, 5:30 PM | 10 Comments
  • Jan. 21, 2015, 7:17 AM
    • U.S. Bancorp (NYSE:USB): Q4 EPS of $0.79 beats by $0.02.
    • Revenue of $5.17B (+5.7% Y/Y) beats by $160M.
    | Jan. 21, 2015, 7:17 AM
  • Jan. 20, 2015, 5:30 PM
  • Oct. 22, 2014, 7:36 AM
    • Q3 net income of $1.471B or $0.78 per share vs. $1.468B and $0.76 one year ago.
    • Net interest income of $2.748B up 1.3% Y/Y, with NIM of 3.16% down 27 basis points. Average earning assets up 10%. Average loans up 6.3%.
    • Noninterest income of $2.242B up 3%, with small increases in credit and debit card revenue, corporate payment products revenue and merchant processing services. Trust and investment management fees of $315M up 12.5%. Mortgage banking revenue of $260M down 20.7%.
    • Noninterest expense of $2.614B up 1.9%. Efficiency ratio of 52.4% flat from last year.
    • ROA of 1.51% down 14 basis points. ROE of 14.5% down 130 basis points. Book value per share of $21.38 up from $19.31.
    • Conference call at 8 ET
    • Previously: U.S. Bancorp EPS and revenue in-line
    • USB no trades premarket
    | Oct. 22, 2014, 7:36 AM
  • Oct. 22, 2014, 7:17 AM
    • U.S. Bancorp (NYSE:USB): Q3 EPS of $0.78 in-line.
    • Revenue of $4.99B (+2.0% Y/Y) in-line.
    | Oct. 22, 2014, 7:17 AM
  • Oct. 21, 2014, 5:30 PM
  • Jul. 16, 2014, 8:10 AM
    • Net income of $1.495B or $0.78 per share vs. $1.484B and $0.76 one year ago. The quarter included the $200M FHA mortgage settlement along with $214M pretax gain from sale of Visa shares - combined, the two had no impact to the headline number.
    • Net interest income of $2.744B up 2.7% Y/Y, with NIM of 3.27% down 16 basis points.
    • Noninterest income of $2.444B up 7.4% Y/Y, boosted by the previously-mentioned sale of Visa shares. Mortgage banking revenue of $278M fell 30%, but modest gains were seen across nearly all the rest of the bank's other fee categories.
    • Noninterest expense of $2.753B up 7.7% Y/Y thanks to the previously-mentioned FHA settlement, along with a 2.5% rise in compensation expense.
    • ROA of 1.6%, ROE of 15.1%, and efficiency ratio of 51.3% (after excluding notable items) all continue to lead the industry.
    • CC at 8:30 ET
    • Previously: U.S. Bancorp beats by $0.01, beats on revenue
    • USB +1.6% premarket
    | Jul. 16, 2014, 8:10 AM
  • Jul. 16, 2014, 7:17 AM
    • U.S. Bancorp (NYSE:USB): Q2 EPS of $0.78 beats by $0.01.
    • Revenue of $5.18B (+4.6% Y/Y) beats by $240M.
    | Jul. 16, 2014, 7:17 AM | 2 Comments
  • Jul. 15, 2014, 5:30 PM
    | Jul. 15, 2014, 5:30 PM | 5 Comments
  • Apr. 16, 2014, 7:50 AM
    • Net income of $1.4B of $0.73 per share is flat from one year ago.
    • Average total loan growth of 6%, average commercial loan growth of 8.5%, average commercial real estate loan growth of 7.6%. Performance ratios continue to be near or at the top of the industry, but slipped from last year: ROA of 1.56% (falls 9 bps from last year), ROE of 14.6% (falls 140 bps), efficiency ratio of 52.9% (deteriorates 220 bps).
    • Common equity Tier 1 Capital Ratio of 9.7%. Returned 67% of Q1 profits through dividends and buybacks (12M shares). Book value per share of $20.48 is up 9.5% from a year ago. Today's stock price is roughly double book value.
    • Net interest margin of 3.35% falls 13 basis points from one year ago.
    • CC begins at 8 ET
    • USB no trades premarket
    | Apr. 16, 2014, 7:50 AM
  • Apr. 16, 2014, 7:18 AM
    • U.S. Bancorp (USB): Q1 EPS of $0.73 in-line.
    • Revenue of $4.81B (-1.2% Y/Y) in-line.
    | Apr. 16, 2014, 7:18 AM
  • Apr. 16, 2014, 12:05 AM
  • Apr. 15, 2014, 5:30 PM
  • Jan. 22, 2014, 7:49 AM
    • Q4 ROA of 1.63% and ROE of 15.4% continue to be the best in the industry. Seventy-one percent of $5.8B earned in 2013 returned through dividends of buybacks.
    • Net interest income of $2.733B in Q4 fell 1.8% Y/Y as NIM dipped to 3.4% from 3.43% in Q3 and 3.55% a year ago.
    • Noninterest income of $2.156B fell 7.4% Y/Y, as mortgage banking revenue fell $245M. Increases were seen in credit and debit-card fees, merchant processing services, trust and investment management fees, among other segments.
    • Noninterest expense of $2.682B is roughly flat from a year ago. Efficiency ratio of 54.9%.
    • Credit loss allowance of $4.537B is less than 1% lower than a year ago. Net charge-offs of $312M fell from $468M.
    • Tier 1 capital ratio of 11.2%
    • CC at 8 ET
    • USB -0.4% premarket
    | Jan. 22, 2014, 7:49 AM | 1 Comment
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