U.S. Bancorp (USB) Tops Q2 EPS by 2c

U.S. Bancorp Reports Second Quarter 2018 Results

July 18, 2018 6:45 AM EDT

Record net revenue of $5,640 million, record net income of $1,750 million and record diluted earnings per share of $1.02 Industry leading return on average assets of 1.54% and return on average common equity of 15.3%

MINNEAPOLIS--(BUSINESS WIRE)-- U.S. Bancorp (NYSE: USB):

2Q18 Key Financial Data

              PROFITABILITY METRICS   2Q18   1Q18   2Q17 Return on average assets (%)   1.54   1.50   1.35 Return on average common equity (%) 15.3 14.9 13.4 Return on tangible common equity (%) (a) 19.8 19.3 17.2 Net interest margin (%) 3.13 3.13 3.08 Efficiency ratio (%) (a) 54.8... More