U.S. Bancorp’s (USB) first-quarter 2024 adjusted earnings per share (excluding the impact of notable items) of 90 cents beat the Zacks Consensus Estimate by a penny. However, the bottom line declined 22.4% from the prior-year quarter's level.Shares of USB have declined 3.90% in the pre-market trading despite better-than-anticipated earnings. A full day’s trading will depict a better picture.Results have benefited from higher fee income. Moreover, lower expenses during the quarter were commendable. However, ...

Key TakeawaysU.S. Bancorp's stock dipped Wednesday as the regional bank posted lower first-quarter revenue, increased its provision for credit losses, and cut its guidance.Net interest income declined 14% year-over-year, while its provision for credit losses went up 30%.The U.S. Bank parent reduced its full-year net interest income outlook by at least $200 million from its previous estimate. U.S. Bancorp (USB) shares dipped Wednesday as the regional bank posted lower first-quarter revenue, increased its pro ...

U.S. Bancorp (NYSE:USB) Q1 2024 Earnings Conference Call April 17, 2024 8:00 AM ET Company Participants George Andersen - Senior Vice President and Director of Investor Relations Andrew Cecere - Chairman, President and Chief Executive Officer John Stern - Senior Executive Vice President and Chief Financial Officer Terry Dolan - Vice Chair and Chief Administration Officer Conference Call Participants Scott Siefers - Piper Sandler Ebrahim Poonawala - Bank of America John McDonald - Autonomous Research Betsy G ...

For the quarter ended March 2024, U.S. Bancorp (USB) reported revenue of $6.69 billion, down 6.4% over the same period last year. EPS came in at $0.90, compared to $1.16 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $6.7 billion, representing a surprise of -0.16%. The company delivered an EPS surprise of +1.12%, with the consensus EPS estimate being $0.89.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street ex ...

U.S. Bancorp (USB) came out with quarterly earnings of $0.90 per share, beating the Zacks Consensus Estimate of $0.89 per share. This compares to earnings of $1.16 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.12%. A quarter ago, it was expected that this company would post earnings of $0.99 per share when it actually produced earnings of $0.99, delivering no surprise.Over the last four quarters, the company has surpassed ...

Follow Invezz on Telegram , Twitter , and Google News for instant updates >On April 17th, U.S. Bancorp reported its Q1 2024 financial results, before US markets opened this morning.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.The results exceeded analysts’ expectations, but were still generally lackluster as compared with 2023. The bank announced a net income of $1.5 billion, compared with a Q1 2023 net income of $1.8 billion and a Q4 2023 net inco ...

Supplemental Consolidated Schedules First Quarter 2024 QUARTERLY CONSOLIDATED STATEMENT OF INCOME (Dollars and Shares in Millions, Except Per Share Data) March 31, December 31, September 30, June 30, March 31, (Unaudited) 2024 2023 2023 2023 2023 Interest Income Loans $5,712 $5,742 $5,700 $5,605 $5,277 Loans held for sale 37 36 42 38 31 Investment securities 1,175 1,182 1,152 1,077 1,074 Other interest income 840 803 860 806 582 Total interest income 7,764 7,763 7,754 7,526 6,964 Interest Expense Deposits 2 ...

Wall Street expects a year-over-year decline in earnings on lower revenues when U.S. Bancorp (USB) reports results for the quarter ended March 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on April 17, 2024, might help the stock move higher if these key numbers are better than expecta ...

Changes to Basel III "endgame" rules could remove an overhang from this bank stock.Regulators have been working on proposed bank changes, called Basel III endgame, which they argue would help strengthen the financial system by requiring banks to hold more capital on their balance sheets. Banks pushed back against these rules, arguing they are well capitalized, and further capital requirements could limit them and their ability to lend to their customers.U.S. Bancorp (USB -0.44%) was one bank facing big ques ...

U.S. Bancorp (USB) closed at $43.23 in the latest trading session, marking a -1.64% move from the prior day. The stock's change was less than the S&P 500's daily loss of 0.72%. Elsewhere, the Dow saw a downswing of 1%, while the tech-heavy Nasdaq depreciated by 0.95%.Heading into today, shares of the company had gained 2.93% over the past month, lagging the Finance sector's gain of 3.08% and outpacing the S&P 500's gain of 2.16% in that time.Investors will be eagerly watching for the performance of U.S. Ban ...