earnings
confidence high
sentiment positive
materiality 0.90
U.S. Bancorp Reports Q3 2024 Net Income of $1.714 Billion and Diluted EPS of $1.03
US BANCORP DE
2024-Q3 EPS reported
$2.77
revenue$20,446,000,000
- Net income attributable to U.S. Bancorp was $1,714 million for Q3 2024, up from $1,523 million in Q3 2023.
- Diluted earnings per common share were $1.03, compared to $0.91 in the same quarter last year.
- Net interest income on a taxable-equivalent basis increased 2.8% linked quarter to $4,166 million.
- CET1 capital ratio improved to 10.5% at September 30, 2024, from 10.3% at June 30, 2024.
- Noninterest expense decreased 1.0% year-over-year, with an efficiency ratio of 60.2%.