U.S. Bancorp (USB) reported $6.96 billion in revenue for the quarter ended March 2025, representing a year-over-year increase of 4.1%. EPS of $1.03 for the same period compares to $0.90 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $6.92 billion, representing a surprise of +0.60%. The company delivered an EPS surprise of +4.04%, with the consensus EPS estimate being $0.99.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how ...

U.S. Bancorp (USB) came out with quarterly earnings of $1.03 per share, beating the Zacks Consensus Estimate of $0.99 per share. This compares to earnings of $0.90 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4.04%. A quarter ago, it was expected that this company would post earnings of $1.06 per share when it actually produced earnings of $1.07, delivering a surprise of 0.94%.Over the last four quarters, the company has su ...

U.S. Bancorp (NYSE:USB) Q1 2025 Earnings Conference Call April 16, 2025 9:00 AM ET Company Participants George Andersen - Director of Investor Relations Gunjan Kedia - President and Chief Executive Officer John Stern - Senior Executive Vice President and Chief Financial Officer Andy Cecere - Chairman and Chief Executive Officer Conference Call Participants Gerard Cassidy - RBC Capital Markets Scott Siefers - Piper Sandler John McDonald - Truist Securities Betsy Graseck - Morgan Stanley Mike Mayo - Wells Far ...

Financial Performance - Total interest income for Q1 2025 was $7,516 million, a decrease of 4.0% from $7,764 million in Q1 2024[2] - Net interest income after provision for credit losses was $3,555 million, slightly down from $3,432 million in Q1 2024, reflecting a year-over-year increase of 3.6%[2] - Noninterest income totaled $2,836 million, showing a slight increase from $2,700 million in Q1 2024, representing a growth of 5.0%[2] - Net income attributable to U.S. Bancorp was $1,709 million, up from $1,319 million in Q1 2024, marking a significant increase of 29.6%[2] - Earnings per common share for Q1 2025 were $1.03, compared to $0.78 in Q1 2024, reflecting a year-over-year increase of 32.1%[2] - Total net revenue for Q1 2025 was $1,778 million, slightly down from $1,681 million in Q1 2024, a decrease of 5.8%[24] Asset and Deposit Trends - Total assets decreased to $676,489 million from $683,606 million in Q1 2024, a decline of 1.9%[3] - Total deposits were $512,525 million, down from $528,063 million in Q1 2024, representing a decrease of 2.9%[3] - Total assets increased to $669,393 million as of March 31, 2025, up from $653,909 million a year earlier, representing a 2.4% growth[7] - Total deposits decreased to $269,411 million in Q1 2025, down 1.4% from $274,569 million in Q4 2024[16] - Total deposits remained stable at $220,014 million in Q1 2025 compared to $220,187 million in Q1 2024, a slight decrease of 0.1%[18] - Total deposits increased to $14,332 million in Q1 2025, compared to $13,122 million in Q1 2024, marking a growth of 9.2%[28] Loan and Interest Metrics - Total loans reached $379,028 million, a 2.1% increase from $371,070 million in the same period last year[7] - Total loans increased to $177,973 million in Q1 2025, up 2.2% from $173,111 million in Q4 2024[15] - Total loans decreased to $153,945 million in Q1 2025 from $154,956 million in Q1 2024, a decline of 0.7% year-over-year[18] - The net interest margin was 2.72% for Q1 2025, slightly up from 2.70% in Q1 2024, indicating stable interest income generation[2] - The net interest margin (taxable-equivalent basis) was 4.58% in Q1 2025, compared to 4.84% in Q4 2024[17] - The net interest margin (taxable-equivalent basis) was not measurable (nm) in Q1 2025, indicating potential challenges in interest income generation[27] Efficiency and Profitability - The return on average assets improved to 1.04% in Q1 2025, compared to 0.81% in Q1 2024[2] - The efficiency ratio improved to 60.8% in Q1 2025, down from 66.4% in Q1 2024, indicating better cost management[2] - The efficiency ratio improved to 46.0% in Q1 2025 from 43.2% in Q4 2024[14] - The return on average assets improved to 2.94% in Q1 2025, compared to 2.03% in Q1 2024, indicating enhanced profitability[24] - The efficiency ratio improved to 56.7% in Q1 2025 from 59.9% in Q1 2024, demonstrating better cost management[24] Nonperforming Loans and Credit Losses - Nonperforming loans decreased to $1,273 million in Q1 2025, down from $1,384 million in Q4 2024[15] - Nonperforming loans decreased to $383 million in Q1 2025 from $389 million in Q1 2024, a reduction of 1.5%[18] - Provision for credit losses decreased to $10 million in Q1 2025 from $50 million in Q4 2024[14] - Provision for credit losses was $62 million in Q1 2025, down from $80 million in Q4 2024[17] - The allowance for loan losses was $7,589 million, a slight increase of 2.0% from $7,438 million year-over-year[7] Other Key Metrics - The number of branches decreased to 2,117 in Q1 2025 from 2,256 in Q1 2024, a reduction of 6.2%[19] - Payment volumes for retail payment solutions reached $60,989 million in Q1 2025, an increase of 3.5% from $58,945 million in Q1 2024[26] - The number of merchant transactions reached 2,014,546,904 in Q1 2025, an increase from 1,930,302,342 in Q1 2024, representing a growth of 4.4%[26] - Mortgage banking revenue increased to $173 million in Q1 2025, up from $166 million in Q1 2024, representing a growth of 4.2%[20] - Total mortgage production volume decreased to $6,562 million in Q1 2025 from $7,129 million in Q1 2024, a decline of 8.0%[20]

Core Viewpoint - Analysts expect U.S. Bancorp (USB) to report quarterly earnings of $0.99 per share, reflecting a 10% year-over-year increase, with revenues projected at $6.92 billion, up 3.6% from the previous year [1] Earnings Estimates - The consensus EPS estimate has been revised 1.7% lower in the last 30 days, indicating a reevaluation by analysts [1][2] - Revisions to earnings estimates are significant indicators for predicting investor actions regarding the stock [2] Key Metrics Forecast - Analysts estimate an 'Efficiency Ratio' of 60.9%, down from 66.4% a year ago [4] - 'Average Balances - Total earning assets' are expected to reach $614.98 billion, up from $596.14 billion in the same quarter last year [4] - 'Total nonperforming loans' are projected at $1.84 billion, compared to $1.74 billion a year ago [4] Additional Financial Metrics - 'Total nonperforming assets' are estimated at $1.87 billion, up from $1.79 billion last year [5] - The 'Leverage ratio' is expected to be 8.4%, compared to 8.1% a year ago [5] - 'Tier 1 Capital Ratio' is projected at 12.5%, up from 11.6% in the same quarter last year [5] Income Projections - 'Total Noninterest Income' is expected to be $2.80 billion, compared to $2.70 billion last year [6] - 'Net interest income (taxable-equivalent basis)' is projected at $4.13 billion, up from $4.02 billion in the same quarter last year [6] Revenue Breakdown - 'Mortgage banking revenue' is expected to reach $144.60 million, down from $166 million a year ago [7] - 'Other- noninterest income' is projected at $148.38 million, compared to $134 million last year [7] - 'Commercial products revenue' is expected to be $372.70 million, down from $388 million last year [8] - 'Service charges' are projected at $318.08 million, slightly up from $315 million a year ago [8] Stock Performance - U.S. Bancorp shares have decreased by 9% in the past month, compared to a 6.1% decline in the Zacks S&P 500 composite [8]

U.S. Bancorp (USB) shares soared 8% in the last trading session to close at $39.30. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 12.4% loss over the past four weeks.U.S. Bancorp witnessed a strong price increase driven by President Donald Trump's unanticipated announcement on April 9, 2025, of a 90-day suspension of reciprocal tariffs for most trading partners, excluding China. The tariff pause eased immediate worries about es ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider U.S. Bancorp (USB) . This company, which is in the Zacks Banks - Major Regional industry, shows potential for another earnings beat.This company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 1.97%.For the most recent ...

Core Viewpoint - U.S. Bancorp is the fifth largest bank in the United States with assets of approximately $678 billion and a market capitalization of $73 billion, which has experienced some volatility recently [1]. Company Overview - U.S. Bancorp operates around 2,100 to 2,159 branches across the United States [1]. - The current CFO, John Stern, has been in the role for less than two years and has a long tenure with the bank in various capacities [2][3][4]. Leadership - Arijit Roy serves as the Senior Executive Vice President and Head of Consumer and Business Banking Products, having taken over this position in June 2024 [8].

Financial Performance - U.S. Bancorp reported a total revenue of $25.3 billion for the fiscal year ended December 31, 2023, representing a 5% increase year-over-year[188]. - The company achieved a net income of $6.5 billion, which is a 7% increase compared to the previous year[188]. - Total assets reached $550 billion, reflecting a growth of 4% from the prior year[188]. - U.S. Bancorp's return on equity (ROE) was reported at 12.5%, up from 11.8% in the previous year[188]. - The company anticipates a revenue growth of 6% for the upcoming fiscal year, driven by increased lending and fee income[188]. - U.S. Bancorp's non-performing assets decreased to $1.2 billion, representing a decline of 10% year-over-year[188]. Operational Overview - U.S. Bancorp's consolidated deposits reached $518.3 billion as of December 31, 2024[16]. - The company operates 2,165 branches across 26 states and a network of 4,489 ATMs as of December 31, 2024[18]. - U.S. Bancorp employed a total of 70,263 employees globally as of December 31, 2024[25]. - Employees completed over 1.8 million hours of training through the company's enterprise learning programs in 2024[28]. - U.S. Bancorp's total facilities include 1,171 owned and 1,465 leased, indicating a robust operational footprint[136]. Business Segments and Services - The company provides a full range of financial services, including lending, depository services, cash management, and investment management[15]. - U.S. Bancorp's major business segments include Wealth, Corporate, Commercial and Institutional Banking, Consumer and Business Banking, Payment Services, and Treasury and Corporate Support[19]. Regulatory Environment - The company is subject to extensive regulatory oversight, including supervision by the Federal Reserve and the Office of the Comptroller of the Currency[36]. - U.S. Bancorp's operations may be impacted by changes in federal and state laws, regulatory policies, and economic conditions[33]. - The Company is subject to regulatory capital requirements under Basel III, including risk-based capital and leverage requirements, which may be adjusted based on the institution's size and complexity[56]. - The Company must submit an annual capital plan to the Federal Reserve as part of the Comprehensive Capital Analysis and Review (CCAR) process, which includes stress testing[65]. - The Company is required to act as a source of strength to its subsidiary USBNA, providing financial support in times of distress[49]. Capital Management - The Company exceeded the minimum common equity tier 1 (CET1) capital ratio of 4.5%, with a CET1 capital ratio of 3.1% as of December 31, 2024, an increase from 2.5% in 2023[58]. - The Company is required to maintain a minimum tier 1 leverage ratio of 4.0% and a Supplementary Leverage Ratio (SLR) of 3.0%, both of which were exceeded as of December 31, 2024[60]. - The Company is subject to limitations on capital distributions, including dividends and stock repurchases, if it fails to meet minimum capital ratios[59]. - The Company authorized a share repurchase program to buy back up to $5.0 billion of its common stock, effective September 13, 2024[141]. - A total of 2,679,860 shares were purchased during the fourth quarter of 2024 at an average price of $49.13 per share[142]. Cybersecurity and Risk Management - The Chief Information Security Officer (CISO) has over 27 years of experience and has been in the role since 2018, focusing on cybersecurity risk management[131]. - The Company conducts regular assessments of its cybersecurity risk program, engaging external assessors to ensure alignment with industry standards[124]. - The Cyber Security Incident Response Team (CSIRT) manages low to moderate severity incidents, while high severity incidents are handled by Enterprise Crisis Management[134]. - The Board's Risk Management Committee receives quarterly reports on cybersecurity issues, ensuring oversight of the Company's risk management processes[128]. - U.S. Bancorp's cybersecurity risk program is integrated into its overall business strategy, requiring appropriate resource allocation[122]. Leadership and Management Changes - The Company’s Chief Executive Officer, Andrew Cecere, will transition to Executive Chairman in April 2025, with Gunjan Kedia assuming the role of Chief Executive Officer[155]. - The Company’s Chief Financial Officer, John C. Stern, was appointed in September 2023, having previously served as Head of Finance[172]. - The Company’s Chief Operations Officer, Souheil S. Badran, has been in position since December 2022, focusing on operational efficiency[156]. - The Company’s Chief Digital Officer, Dominic V. Venturo, has been leading digital initiatives since July 2020[173]. Strategic Initiatives - The company plans to expand its digital banking services, aiming for a 20% increase in online customer engagement by the end of 2024[188]. - U.S. Bancorp is investing $500 million in technology upgrades to enhance customer experience and operational efficiency over the next two years[188]. - The company is exploring strategic acquisitions to enhance its market presence, particularly in the Southeast region of the United States[188].

Core Insights - U.S. Bancorp has announced a leadership transition with Gunjan Kedia being named the new CEO, following a disciplined succession process that spanned multiple years [4] Group 1: Leadership Transition - The board decided that the timing for the leadership transition was appropriate due to the company's current inflection point, characterized by successful acquisitions and a focus on organic growth [4] - Gunjan Kedia expressed excitement about leading the company into the future and highlighted the importance of the transition occurring one year after stepping into the role of President [4] Group 2: Company Performance - The company has effectively integrated a significant acquisition and has rebuilt capital following the banking crisis, while also flattening its expense curve over the past year [4]