Supplemental Consolidated Schedules Third Quarter 2024 | --- | --- | --- | --- | --- | --- | |--------------------------------------------------------------------------------------------------------------|----------------------------------|---------------|----------------|-------------------|---------------------| | QUARTERLY CONSOLIDATED STATEMENT \n(Dollars and Shares in Millions, Except Per Share Data) (Unaudited) | OF INCOME \nSeptember 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | Sep ...

Wall Street analysts forecast that U.S. Bancorp (USB) will report quarterly earnings of $1 per share in its upcoming release, pointing to a year-over-year decline of 4.8%. It is anticipated that revenues will amount to $6.88 billion, exhibiting a decline of 1.7% compared to the year-ago quarter.Over the last 30 days, there has been an upward revision of 0.2% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their ...

Wall Street expects a year-over-year decline in earnings on lower revenues when U.S. Bancorp (USB) reports results for the quarter ended September 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 October 16, 2024, might help the stock move higher if these key numbers are better than e ...

Core Insights - The USB Devices Market is projected to grow from USD 32.28 billion in 2023 to USD 79.41 billion by 2032, with a CAGR of 10.52% from 2024 to 2032 [1][4]. Market Overview - The market is driven by increasing demand for efficient data transfer and power supply solutions across various sectors, with advancements in USB technology enhancing performance and compatibility [2]. - The rise in remote work and digital content creation has led to a higher demand for USB hubs and docking stations, particularly in the gaming sector [2]. Key Players - Major companies in the USB devices market include Corsair Memory, Sandisk Corporation, Toshiba Corporation, Micron Consumer Products Group, Transcend Information, Adata Technology, Kingston Technology Corporation, Samsung Electronics, Verbatim Americas, Intel Corporation, Teclast Electronics Co. Ltd., Netac Technology Co Ltd., Zebronics, and Imation Corporation [3]. Market Segmentation - The market is segmented by type (USB 1.0, USB 2.0, USB 3.0, others), product (webcams, memory card readers, computer peripherals, USB flash drives), connector type (Type A, Type B, Type C, Lightning Connector), and application (consumer electronics, automotive, IT & telecommunication, healthcare) [4]. Regional Analysis - The Asia-Pacific region holds a dominant position in the market with a 40% revenue share in 2023, driven by strong consumer electronics demand and technological advancements [8][9]. - North America is the second fastest-growing region, supported by major companies like Apple and Microsoft launching innovative USB products [9]. Recent Developments - Samsung Electronics introduced new 512GB capacities for its BAR Plus and FIT Plus USB 3.2 Gen1 Flash Drives in August 2024 [10]. - Legrand | AV's C2G brand launched new models of Superbooster USB extenders in June 2024, compatible with high-bandwidth USB devices [10]. - EPC unveiled the EPC2057 GaN FET designed for high-power USB-C devices in June 2024 [10]. Market Trends - The USB 2.0 segment accounted for 60% of the revenue share in 2023, due to its reliable performance and extensive compatibility [6]. - The Consumer Electronics segment led the market with a 39% revenue share in 2023, driven by the demand for smartphones, laptops, and gaming consoles [7].

Michael Barr, vice chair of supervision at the Fed, plans to re-propose new capital rules for Basel Endgame.After three large regional banks collapsed last year, the industry braced itself for blowback, not only from the public but from a regulatory perspective as well. Since the Great Recession happened roughly 16 years ago, banks have been waiting for the final phase of capital rules.This framework, referred to as Basel III Endgame (BE3), would stipulate a wide set of requirements for the largest banks. T ...

Core Viewpoint - U.S. Bancorp (USB) has shown strong stock performance, with a 12% increase over the past three months, outperforming the industry and S&P 500, supported by strategic acquisitions and a robust balance sheet [1][2]. Group 1: Financial Performance and Growth - USB's earnings per share estimates for 2024 and 2025 remain unchanged at $3.89 and $4.23, respectively, indicating a decline of 9.74% in 2024 but a rebound of 8.7% in 2025 [1]. - The company has achieved a four-year compound annual growth rate (CAGR) of 7.5% in net interest income (NII) from 2019 to 2023, although NII declined in the first half of 2024 due to rising funding costs [3][4]. - U.S. Bancorp's long-term debt stood at $52.72 billion, with cash and due from banks at $65.83 billion as of June 30, 2024, indicating a strong liquidity position [4]. Group 2: Strategic Initiatives - U.S. Bancorp has made several strategic acquisitions, including Salucro Healthcare Solutions LLC and MUFG Union Bank's core regional banking franchise, enhancing its market position and revenue streams [2]. - The company entered a strategic partnership with Edward Jones to provide comprehensive banking and credit card solutions, further diversifying its offerings [2]. Group 3: Capital and Dividend Strategy - As of June 30, 2024, U.S. Bancorp's capital ratios include a Common Equity Tier 1 ratio of 10.3% and a total risk-based capital ratio of 14%, supporting its capital distribution activities [5]. - The company plans to increase dividends by 2% to 50 cents per share, effective in Q4 2024, reflecting a commitment to stable payouts and boosting investor confidence [5]. Group 4: Market Conditions and Challenges - The Federal Reserve's decision to cut interest rates starting in September is expected to stabilize funding costs for banks, including USB, and encourage borrowing, potentially increasing profitability [3][4]. - Rising non-interest expenses, which saw a CAGR of 10% from 2019 to 2023, remain a concern, particularly due to higher merger costs and technology expenditures [6]. - A significant portion of U.S. Bancorp's loan portfolio, 49.8%, consists of commercial loans, which may face strain in a rapidly changing macroeconomic environment [6].

Core Insights - U.S. Bancorp's U.S. Bank has entered a strategic partnership with Edward Jones to provide comprehensive banking and credit card solutions to Edward Jones clients, starting in late 2025 [1] - The collaboration aims to enhance clients' financial lives by offering co-branded U.S. Bank deposit and credit card products through Edward Jones' network of over 19,000 financial advisors managing $2 trillion in client assets [1][2] - This partnership aligns with U.S. Bank's strategy to broaden regional reach and improve customer service by providing streamlined access to diverse financial solutions [3] Strategic Efforts - The partnership builds on a previous collaboration since 2012, which involved issuing cards through U.S. Bank's Elan division, now expanding to include new co-branded credit card products with enhanced consumer incentives [2] - U.S. Bank has previously formed alliances, such as with State Farm in 2020, to manage bank and credit card accounts, and with Greenlight in June 2024 to offer advanced banking solutions for families [3] Market Performance - U.S. Bancorp's shares have increased by 10.8% over the past six months, while the industry has seen a growth of 16.7% [4] - Currently, U.S. Bancorp holds a Zacks Rank of 3 (Hold) [4] Industry Trends - Other financial services firms are also pursuing strategic partnerships, such as Stifel Financial Corp. and Lord Abbett's joint venture in leveraged lending, and T. Rowe Price's partnership with Ascensus to enhance its 529 business [5][6]

U.S. Bancorp’s (USB) lead banking division, U.S. Bank, expands its focus on the healthcare industry with the acquisition of Salucro Healthcare Solutions LLC. The buyout was completed on Aug 21, 2024. The financial terms of the deal were kept under wraps.Based in Tempe, AZ, Salucro is a provider of healthcare financial technology with a primary focus on patient payments and billing. Previously, Salucro had been a partner of Elavon, a subsidiary of U.S. Bank. In 2022, U.S. Bank made its initial investment in ...

VANCOUVER, Wash., Aug. 14, 2024 (GLOBE NEWSWIRE) -- Cyber Acoustics, the leading manufacturer of edtech for all classroom environments, today announced the AC-6014 USB-C Headset, further expanding its line of technology solutions for all K-12 and virtual classrooms. The AC-6014 rounds out Cyber Acoustics’ line of USB-C offerings that includes the recently announced AC-4014 headset and the AC-5014 headset, both of which include microphones, as well as the ACM-6005C USB-C headphones that do not have a mic. “A ...

Core Insights - Cyber Acoustics has launched the AC-6014 USB-C Headset, expanding its technology solutions for K-12 and virtual classrooms [1][2] - The new headset is designed to meet the increasing demand for USB-C products as schools adopt newer devices like iPads and Chromebooks [2] - The AC-6014 features improved durability and user-friendly design based on feedback from educators [2] Product Details - The AC-6014 is part of a broader line of USB-C offerings, which includes the AC4014 and AC-5014 headsets, and the ACM-6005C headphones [1] - Key features of the AC-6014 include a durable headband, in-line volume and mute controls, a tangle-free braided TuffCord, and an easy cord management system [2] - The MSRP for the AC-6014 is set at $21.99, with availability starting in October [3] Sustainability Initiatives - Cyber Acoustics has implemented a no-cost headset recycling program since 2021, allowing schools to recycle broken or unused headsets from any brand [4] - The company has donated over 12,000 pounds of electronics for proper recycling or reuse [4] Company Background - Founded in 1996, Cyber Acoustics specializes in reliable and affordable computer peripherals for various sectors, including education [5] - The product line includes PC speakers, headsets, headphones, microphones, and more, with a focus on sustainability [5]