US Bancorp

Q3 Results Q/Q comparison:

  • Revenue increased 4.7% to $5.39B
  • Diluted EPS increased 3.7% to $0.84
  • Net income increased 0.9% to $1.52B
  • Net interest margin of 2.98%, down from 3.04%
  • Return-on-Equity (ROE) 13.5%, down from 14.1%
  • Return-on-Assets (ROA) 1.36%, down from 1.44%
  • Efficiency ratio of 54.5%
  • Average total loans increased 7.6% to $269.6B (up 6.4% adjusting for credit portfolio acquisition and student loan reclassification)
  • Average total deposits increased 10.0% to $318.5B
  • Net charge-offs of $315M (0.46% of total loans on an annualized basis), compared to $292M prior year quarter
  • Nonperforming assets (excluding covered assets) of $1.64B, compared to $1.57B prior year quarter
  • Tier 1 common equity ratio of 9.3% under Basel III
  • Book value per share increased 7.8% to $24.78
  • Returned 79% of Q3 earnings to shareholders

Stock Price: $43
Market Capitalization: $74 billion

October 19, 2016

 

 

 


 


 

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