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U.S. Bancorp Posts Better-Than-Expected Fourth-Quarter Earnings

Strong revenue from lending and fee-based offerings helps propel earnings past analysts' expectations.

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The Minneapolis-based bank said it earned $1.78 billion, or $1.10 a share, in the fourth quarter, vs. $1.61 billion, or 97 cents a share, in the year-earlier period.

Analysts polled by FactSet were expecting U.S. Bancorp to report earnings of $1.06 a share.

Revenue for the quarter rose 4.1% to $5.83 billion from $5.60 billion last year.

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https://www.thestreet.com/investing/earn...yptr=yahoo

U.S. Bancorp Posts Earnings in Line With Analysts' Forecasts

U.S. Bancorp reports first-quarter earnings that match analysts' expectations, though revenue comes in slightly below forecasts.

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The Minneapolis-based bank reported first-quarter net income of $1.69 billion, or $1 a share, vs. $1.68 billion, or 96 cents a share, in the comparable year-earlier period. The per-share results matched the average estimate of analysts polled by FactSet.

Revenue for the quarter was $5.77 billion vs. $5.47 billion a year ago, slightly below forecasts. 

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https://www.thestreet.com/investing/earn...yptr=yahoo

U.S. Bancorp (USB) Q2 Earnings Beat on Stellar Revenues

Driven by top-line strength, U.S. Bancorp’s USB second-quarter 2019 earnings per share of $1.09 surpassed the Zacks Consensus Estimate of $1.07. Also, the reported figure is up 6.9% from the prior-year quarter.

Higher interest and fee income were the driving factors. Further, loan and deposit growth was recorded. However, escalating expenses and provisions were the undermining factors.

Net income came in at $1.82 billion compared with $1.75 billion reported in the prior-year quarter.


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https://finance.yahoo.com/news/u-bancorp...12054.html

U.S. Bancorp (USB) Q4 Earnings Meet Estimates, Costs Rise

U.S. Bancorp USB reported fourth-quarter 2019 adjusted earnings per share of $1.08, in line with the Zacks Consensus Estimate. The bottom line jumped slightly from the prior-year quarter figure.

Higher loan and deposit balances were the driving factors. However, fall in interest and fee income was recorded. Also, escalating expenses and provisions were the undermining factors.

After considering notable items, net income came in at $1.49 billion or 90 cents per share compared with $1.86 billion or $1.10 reported in the prior-year quarter.

For full-year 2019, the company reported net income of $6.91 billion or $4.16 compared with $7.1 billion or $4.14 in 2018.


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https://finance.yahoo.com/news/u-bancorp...02488.html

U.S. Bancorp (USB) Q3 Earnings Top Estimates, Costs Increase

U.S. Bancorp’s USB reported third-quarter 2020 earnings per share of 99 cents, which surpassed the Zacks Consensus Estimate of 93 cents. However, the bottom line compares unfavorably with $1.15 reported in the prior-year quarter.

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Net income applicable to shareholders was $1.49 billion compared with $1.82 billion reported in the prior-year quarter.

Fee Income Increases, Costs & Provisions Rise

U.S. Bancorp’s net revenues were $5.96 billion in the third quarter, up nearly 1% year over year. An increase in non-interest income led to the upside. The top line also surpassed the Zacks Consensus Estimate of $5.74 billion.


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https://finance.yahoo.com/news/u-bancorp...12796.html