U.S. Bancorp Q1 net income $1.32B, down 22% YoY; adj. EPS $0.90

US BANCORP DE

2024-Q1 EPS reported $0.78 revenue$6,715,000,000

GAAP diluted EPS $0.78 vs $1.04 YoY; adjusted diluted EPS $0.90 excluding $265M in notable items.
Net revenue $6.72B, net interest income $4.02B (NIM 2.70% vs 3.10% YoY).
CET1 ratio improved to 10.0% from 9.9% Q4 2023 and 8.5% YoY.
Notable pretax items: $155M MUB merger charges and $110M FDIC special assessment.
Average total loans down 0.5% linked quarter; average deposits up 0.1%.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

US BANCORP DE reported financial results for the quarter ended March 31, 2024.

Period: the quarter ended March 31, 2024
Result: reported results

Exact text from the filing

On April 17, 2024, U.S. Bancorp (the “Company”) issued a press release reporting financial results for the quarter ended March 31, 2024. The press release is attached as Exhibit 99.1 hereto and is incorporated herein by reference.

View on SEC.gov

1349 earnings releases filed in the last 30 days. Browse all earnings releases →

US BANCORP DE filing history →

Source: SEC EDGAR

accession 0000036104-24-000033

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.