U.S. Bancorp (USB) Reports In-Line Q3 EPS

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U.S. Bancorp Reports Third Quarter 2015 Earnings

October 15, 2015 6:45 AM EDT

Record Earnings Per Diluted Common Share

Return on average assets of 1.44 percent and average common equity of 14.1 percent

Returned 80 percent of third quarter earnings to shareholders

MINNEAPOLIS--(BUSINESS WIRE)-- U.S. Bancorp (NYSE: USB) today reported net income of $1,489 million for the third quarter of 2015, or $0.81 per diluted common share, compared with $1,471 million, or $0.78 per diluted common share, in the third quarter of 2014.

Highlights for the third quarter of 2015 included:

Return on average assets of 1.44 percent and... More