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

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

U.S. Bancorp Reports Record Revenue and Net Income for the Third Quarter of 2017

October 18, 2017 6:45 AM EDT

Record Earnings Per Diluted Common Share of $0.88

Return on average assets of 1.38 percent and average common equity of 13.6 percent

Returned 79 percent of earnings to shareholders

MINNEAPOLIS--(BUSINESS WIRE)-- U.S. Bancorp (NYSE: USB) today reported net income of $1,563 million for the third quarter of 2017, or $0.88 per diluted common share, compared with $1,502 million, or $0.84 per diluted common share, in the third quarter of 2016.

Highlights for the third quarter of 2017 included:

Record diluted earnings per share of $0.88, record net revenue of $5,608 million,... More