U.S. Bancorp (USB) Reports In-Line Q1 EPS

U.S. Bancorp Reports First Quarter 2019 Results

April 17, 2019 6:45 AM EDT

Net revenue of $5,577 million and net income of $1,699 million Industry leading return on average assets of 1.49% and return on average common equity of 14.3%

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

1Q19 Key Financial Data

PROFITABILITY METRICS 1Q19 4Q18 1Q18 Return on average assets (%) 1.49 1.59 1.50 Return on average common equity (%) 14.3 15.8 14.9 Return on tangible common equity (%) (a) 18.4 20.2 19.3 Net interest margin (%) 3.16 3.15 3.13 Efficiency ratio (%) (a) 55.4 56.3 55.9... More