US Bancorp

Q1 Results Q/Q comparison:

  • Revenue increased 2.7% to $5.04B
  • Diluted EPS was flat at $0.76
  • Net income decreased 3.1% to $1.39B
  • Net interest margin of 3.06%, down from 3.08%
  • Return-on-Equity (ROE) 13.0%, down from 14.1%
  • Return-on-Assets (ROA) 1.32%, down from 1.44%
  • Efficiency ratio of 54.6%
  • Average total loans increased 5.8% to $262.3B
  • Average total deposits increased 6.3% to $295.9B
  • Net charge-offs of $315M (0.48% of total loans on an annualized basis), compared to $305M Q3
  • Nonperforming assets (excluding covered assets) of $1.72B, compared to $1.52B Q3
  • Tier 1 common equity ratio of 9.2% under Basel III capital rules (7% minimum requirement)
  • Book value per share increased 7.3% to $23.82
  • Returned 80% of earnings to shareholders

Stock Price: $43
Market Capitalization: $75 billion

April 20, 2016

 

 

 


 


 

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