Financial Performance - U S Bancorp reported adjusted earnings per share of $0 99[7], compared to reported earnings per share of $0 49[7] - Adjusted net revenue reached $6 9 billion[7], a 12 1% year-over-year increase[7] - The company's CET1 ratio was 9 9%[7], a 20 bps increase compared to 3Q23[7] - Tangible book value per share was $22 30[7], a 7 0% increase compared to 3Q23[7] Balance Sheet and Credit Quality - Net interest income was $4 142 billion[8], a decrease of 3 0% compared to 3Q23[8] - Noninterest income was $2 620 billion[8] - The NPA ratio was 0 40%[8] - The net charge-off ratio was 0 49%[8] Notable Items - 4Q23 included $70 million of favorable discrete tax settlements[10] - 4Q23 was impacted by a rebalancing of the investment securities portfolio[13] - Merger and integration charges related to the Union Bank acquisition were $171 million[29] - 4Q23 was impacted by a $734 million FDIC special assessment and a $110 million charitable contribution[14]

MINNEAPOLIS--(BUSINESS WIRE)--U.S. Bancorp reported its fourth quarter 2023 results today. The earnings release, earnings supplement and slide presentation can be accessed online at ir.usbank.com/investor-relations/financial-information. At 7 a.m. Central Time, Chairman, President and Chief Executive Officer Andy Cecere and Senior Executive Vice President and Chief Financial Officer John Stern will host a conference call to review the financial results. The conference call will be available online or by te ...

U.S. Bancorp (USB) is scheduled to report fourth-quarter and 2023 results on Jan 17, before the opening bell. The company’s quarterly revenues are expected to have improved year over year, while earnings are projected to have declined.In the last reported quarter, USB’s earnings surpassed the Zacks Consensus Estimate on higher expenses. Results benefited from increased net interest income (NII), supported by higher interest rates. A rise in non-interest income was another positive. However, higher expenses ...

Wall Street analysts expect U.S. Bancorp (USB) to post quarterly earnings of $0.99 per share in its upcoming report, which indicates a year-over-year decline of 17.5%. Revenues are expected to be $6.82 billion, up 7.7% from the year-ago quarter.Over the last 30 days, there has been a downward revision of 0.5% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timefram ...

Sundry PhotographyU.S. Bancorp (NYSE:USB) offers an interesting dividend yield that seems to be sustainable over the long term, being supported by the bank’s strong fundamentals and conservative dividend payout ratio. As I stated back in 2021, U.S. Bancorp is a quality company within the banking sector and offers good income perspectives for long-term investors, due to a sustainable dividend over the long term. However, its share price performance has been mixed since then, as the benefit of higher inte ...

The most recent trading session ended with U.S. Bancorp (USB) standing at $43.21, reflecting a +1.08% shift from the previouse trading day's closing. The stock's performance was ahead of the S&P 500's daily loss of 0.34%. Meanwhile, the Dow gained 0.03%, and the Nasdaq, a tech-heavy index, lost 0.56%.Coming into today, shares of the company had gained 9.39% in the past month. In that same time, the Finance sector gained 4.45%, while the S&P 500 gained 2.56%.The upcoming earnings release of U.S. Bancorp will ...

MINNEAPOLIS--(BUSINESS WIRE)--U.S. Bancorp (NYSE: USB) will release its fourth quarter 2023 earnings results before the market opens on Wednesday, January 17, 2024. At 7 a.m. CT, Chairman, President and Chief Executive Officer Andy Cecere and Senior Executive Vice President and Chief Financial Officer John Stern will host a conference call to review the financial results. The live conference call will be available online or by telephone. Via internet: To access the webcast and presentation, visit the U.S. ...

U.S. Bancorp (NYSE:USB) Goldman Sachs 2023 US Financial Services Conference December 6, 2023 10:40 AM ET Company Participants Andrew Cecere - Chairman, President & CEO John Stern - CFO Conference Call Participants Richard Ramsden - Goldman Sachs Richard Ramsden We're going to get started in one minute. Okay. So we will -- we're going to move on to the next presentation. We're delighted to have U.S. Bancorp with us today. Andy, obviously, has been a very regular attendee at this conference. He has been at U ...

U.S. Bancorp (NYSE:USB) BancAnalysts Association of Boston Conference November 2, 2023 8:10 AM ET Company Participants Gunjan Kedia - Vice Chair, Wealth, Corporate, Commercial and Institutional Banking John Stern - Senior EVP and CFO Conference Call Participants Unidentified Analyst - Unidentified Analyst - Chris Kotowski - Oppenheimer Unidentified Analyst Please join me in welcoming U.S. Bancorp financial services company with international operations and is a parent company of U.S. Bank. It is headquar ...

November 2, 2023 BancAnalysts Association of Boston Conference 2023 John Stern Senior Executive Vice President and Chief Financial Officer Gunjan Kedia Vice Chair, Wealth, Corporate, Commercial, and Institutional Banking ...