earnings
confidence high
sentiment positive
materiality 0.80
U.S. Bancorp reports Q4 2024 net income of $1,663M, adjusted EPS $1.07
US BANCORP DE
2024-FY EPS reported
$3.79
revenue$27,455,000,000
- Net income $1,663M ($1.01 diluted EPS); adjusted net income $1,745M ($1.07 adjusted EPS).
- Net revenue $7,009M (net interest income $4,176M, noninterest income $2,833M).
- CET1 ratio 10.6%, up from 9.9% a year ago; return on tangible common equity 18.3% adjusted.
- Noninterest expense decreased YoY and sequentially on adjusted basis; efficiency ratio 59.9% adjusted.
- Full year 2024 net income $6,299M reported ($3.79 EPS), $6,599M adjusted ($3.98 adjusted EPS).