U.S. Bancorp (USB) Tops Q4 EPS by 1c
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U.S. Bancorp Reports Fourth Quarter and Full Year 2016 Earnings
January 18, 2017 6:45 AM ESTRecord Net Income and Earnings Per Share for the Full Year 2016
Full year return on average assets of 1.36 percent and average common equity of 13.4 percent
Returned 79 percent of full year earnings to shareholders
MINNEAPOLIS--(BUSINESS WIRE)-- U.S. Bancorp (NYSE: USB) today reported net income of $1,478 million for the fourth quarter of 2016, or $0.82 per diluted common share, compared with $1,476 million, or $0.80 per diluted common share, in the fourth quarter of 2015.
Highlights for the full year of 2016 included:
Record diluted earnings per... More