earnings
confidence high
sentiment positive
materiality 0.75
USB Q1 net income $1.70B, EPS $1.04, NIM rises to 3.10%
US BANCORP DE
2023-Q1 EPS reported
$1.04
revenue$7,175,000,000
- Diluted EPS $1.04 vs $0.99 YoY; net income $1,698M up 9% from $1,557M.
- Net interest income (tax-equivalent) $4,668M vs $3,200M YoY, NIM 3.10% vs 2.44%.
- Average loans $386.8B up 24% YoY; average deposits $510.3B up 12%.
- Return on average common equity 14.1% vs 12.7% YoY; efficiency ratio 63.2% vs 62.8%.
- CET1 ratio 8.5% vs 9.8% YoY; net charge-off ratio 0.39% vs 0.21%.