Countdown to U.S. Bancorp (USB) Q4 Earnings: A Look at Estimates Beyond Revenue and EPS

Core Viewpoint - Analysts project that U.S. Bancorp (USB) will report quarterly earnings of $1.19 per share, reflecting an 11.2% year-over-year increase, with revenues expected to reach $7.33 billion, a 5% increase from the same quarter last year [1]. Earnings Estimates - Over the last 30 days, the consensus EPS estimate for the quarter has been revised upward by 0.5%, indicating a collective reassessment by covering analysts [2]. - Changes in earnings estimates are crucial for predicting investor reactions, as empirical studies show a strong correlation between earnings estimate revisions and short-term stock price performance [3]. Key Metrics Projections - Analysts expect the 'Efficiency Ratio' to be 57.8%, down from 61.5% in the same quarter last year [5]. - 'Average Balances - Total earning assets' are projected to reach $620.79 billion, compared to $614.27 billion in the same quarter last year [5]. - 'Book value per common share' is expected to be $37.16, up from $33.19 a year ago [6]. - 'Total nonperforming loans' are projected at $1.63 billion, down from $1.79 billion last year, while 'Total nonperforming assets' are expected to be $1.68 billion, down from $1.83 billion [6]. - The 'Leverage ratio' is forecasted to reach 8.8%, compared to 8.3% a year ago, and the 'Tier 1 Capital Ratio' is expected to be 12.6%, up from 12.2% [7]. - 'Total Noninterest Income' is projected at $3.04 billion, compared to $2.83 billion last year [7]. - 'Net interest income (taxable-equivalent basis)' is expected to be $4.29 billion, up from $4.18 billion a year ago [8]. - 'Mortgage banking revenue' is projected at $166.91 million, compared to $116.00 million last year [8]. - 'Other- noninterest income' is expected to be $213.80 million, up from $207.00 million in the same quarter last year [9]. - 'Capital markets revenue' is projected at $414.59 million, compared to $364.00 million last year [9]. Stock Performance - U.S. Bancorp shares have changed by +1.1% in the past month, compared to a +2.1% move of the Zacks S&P 500 composite, with a Zacks Rank 3 (Hold), indicating expected performance in line with the overall market [10].