U.S. Bancorp (USB) Tops Q2 EPS by 1c
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U.S. Bancorp Reports Second Quarter 2017 Earnings
July 19, 2017 6:45 AM EDTRecord Earnings Per Diluted Common Share of $0.85
Return on average assets of 1.35 percent and average common equity of 13.4 percent
Returned 81 percent of earnings to shareholders
MINNEAPOLIS--(BUSINESS WIRE)-- U.S. Bancorp (NYSE: USB) today reported net income of $1,500 million for the second quarter of 2017, or $0.85 per diluted common share, compared with $1,522 million, or $0.83 per diluted common share, in the second quarter of 2016.
Highlights for the second quarter of 2017 included:
Industry-leading return on average assets of 1.35 percent and return on average... More