US Bancorp

Q2 Results Q/Q comparison:

  • Revenue increased 8.1% to $5.45B (4.5% excluding gain from Visa Europe sale)
  • Diluted EPS increased 3.8% to $0.83
  • Net income increased 2.6% to $1.54B
  • Net interest margin of 3.02%, down from 3.03%
  • Return-on-Equity (ROE) 13.8%, down from 14.3%
  • Return-on-Assets (ROA) 1.43%, down from 1.46%
  • Efficiency ratio of 54.9%
  • Average total loans increased 8.1% to $266.6B (up 6.5% adjusting for credit portfolio acquisition and student loan reclassification)
  • Average total deposits increased 7.6% to $307.4B
  • Net charge-offs of $317M (0.48% of total loans on an annualized basis), compared to $296M prior year quarter
  • Nonperforming assets (excluding covered assets) of $1.63B, compared to $1.53B prior year quarter
  • Tier 1 capital ratio of 11.1%
    • Tier 1 common equity ratio of 9.3% under Basel III
  • Book value per share increased 8.3% to $24.37
  • Returned 77% of Q2 earnings to shareholders

Stock Price: $42
Market Capitalization: $72 billion

July 15, 2016

 

 

 


 


 

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