U.S. Bancorp (USB) Tops Q1 EPS by 1c, Miss on Revenues
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Price: $40.45 +2.56%
EPS Growth %: -22.4%
Financial Fact:
Net interest income after provision for credit losses: 2.57B
Today's EPS Names:
MAXN, CSTR, ACU, More
EPS Growth %: -22.4%
Financial Fact:
Net interest income after provision for credit losses: 2.57B
Today's EPS Names:
MAXN, CSTR, ACU, More
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U.S. Bancorp (NYSE: USB) reported Q1 EPS of $0.96, $0.01 better than the analyst estimate of $0.95. Revenue for the quarter came in at $5.47 billion versus the consensus estimate of $5.53 billion.
1Q18 Highlights
- Net income of $1,675 million and diluted earnings per common share of $0.96 in the first quarter of 2018
- Industry leading return on average assets of 1.50% and return on average common equity of 14.9%
- Returned 68% of 1Q earnings to shareholders through dividends and share buybacks
- Net interest income grew 5.5% year-over-year
- Total net revenue grew 3.4% year-over year
- Payment services revenue grew 6.5%
- Trust and investment management fees increased 8.2%
- Deposit service charges increased 5.8%
- Net interest margin of 3.13% was 7 basis points higher than 1Q17 and 2 basis points higher than 4Q17 (4 basis points excluding the impact of tax reform)
- Average total loans grew 2.3% year-over-year
For earnings history and earnings-related data on U.S. Bancorp (USB) click here.
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