U.S. Bancorp (USB) Reports Q1 Earnings: What Key Metrics Have to Say

Core Insights - U.S. Bancorp reported $6.96 billion in revenue for Q1 2025, a 4.1% year-over-year increase, with an EPS of $1.03 compared to $0.90 a year ago, exceeding Zacks Consensus Estimates for both revenue and EPS [1] Financial Performance Metrics - Net interest margin was 2.7%, matching analyst estimates [4] - Net charge-off ratio stood at 0.6%, consistent with average estimates [4] - Efficiency ratio was 60.8%, slightly better than the average estimate of 60.9% [4] - Total earning assets averaged $610.23 billion, below the $614.98 billion estimate [4] - Book value per common share was $34.16, exceeding the $33.87 estimate [4] - Total nonperforming loans were $1.69 billion, better than the $1.84 billion estimate [4] - Total nonperforming assets were $1.73 billion, also better than the $1.87 billion estimate [4] - Leverage ratio was 8.4%, matching analyst estimates [4] - Tier 1 Capital Ratio was 12.4%, slightly below the 12.5% estimate [4] - Total noninterest income reached $2.84 billion, surpassing the $2.80 billion estimate [4] - Net interest income was $4.12 billion, slightly below the $4.13 billion estimate [4] - Mortgage banking revenue was $173 million, significantly above the $144.60 million estimate [4] Stock Performance - U.S. Bancorp shares returned -8.6% over the past month, compared to the Zacks S&P 500 composite's -4.2% change, with a Zacks Rank 3 (Hold) indicating potential performance in line with the broader market [3]