U.S. Bancorp (NYSE: USB) reported Q3 EPS of $0.81, in-line with the analyst estimate of $0.81. Revenue for the quarter came in at $5.15 billion versus the consensus estimate of $5.12 billion.

• Return on average assets of 1.44 percent and average common equity of 14.1 percent
• Growth in average total loans of 1.3 percent on a linked quarter basis and 3.8 percent over the third quarter of 2014 (excluding student loans, which were transferred to held for sale at the end of the first quarter of 2015 and returned to held for investment on September 1, 2015)
  • Growth in average commercial and commercial real estate revolving commitments of 1.8 percent over the prior quarter and 8.9 percent year-over-year
  • Growth in average total commercial loans of 1.7 percent over the second quarter of 2015 and 9.5 percent over the third quarter of 2014
  • Growth in total other retail loans of 1.9 percent over the second quarter of 2015 and 5.6 percent over the third quarter of 2014 (excluding student loans)
• Growth in average total deposits of 1.4 percent on a linked quarter basis and 6.9 percent over the third quarter of 2014
  • Growth in average low cost deposits, including noninterest-bearing and total savings deposits, of 2.5 percent on a linked quarter basis and 11.4 percent year-over-year
• Net interest income growth of 2.7 percent year-over-year and 1.8 percent linked quarter
  • Growth in average earnings assets of 0.8 percent on a linked quarter basis and 6.6 percent year-over-year, including strong retail loan growth in the third quarter 2015
  • Net interest margin stable at 3.04 percent for the third quarter of 2015 compared with the prior quarter 3.03 percent
• Positive trends in payments-related fee revenue including year-over-year increases in credit and debit card revenue of 7.2 percent and merchant processing services of 8.5 percent (excluding the impact of foreign currency rate changes)
• Decline in net charge-offs of 13.1 percent from the third quarter of 2014 and 1.4 percent on a linked quarter basis
• Decreases in nonperforming assets of 18.5 percent on a year-over-year basis and 0.6 percent on a linked quarter basis
• Capital generation resulted in a return of 80 percent of third quarter earnings to shareholders through dividends and the buyback of 16 million common shares, and continued to reinforce capital position. Ratios at September 30, 2015 were:
  • Common equity tier 1 capital to risk-weighted assets estimated for the Basel III fully implemented standardized approach was 9.2 percent and for the Basel III fully implemented advanced approaches was 12.4 percent.

For earnings history and earnings-related data on U.S. Bancorp (USB) click here.