earnings
confidence high
sentiment negative
materiality 0.85
USB Q2 2023 net income falls to $1.36B ($0.84 EPS) from $1.53B YoY; NIM up to 2.90%
US BANCORP DE
2023-Q2 EPS reported
$1.87
revenue$14,350,000,000
- Net income $1.361B, diluted EPS $0.84, down from $0.99 YoY; ROAA 0.81% vs 1.06%.
- Net interest income (taxable-equiv) $4.449B, up 28% YoY; NIM 2.90% vs 2.59%.
- Average loans $388.8B (+20% YoY), deposits $497.3B (+9% YoY); net charge-off ratio 0.67% vs 0.20%.
- CET1 ratio (standardized) 9.1% vs 9.7% YoY; tangible common equity return 17.1% vs 18.6%.
- Dividend declared $0.48 per share, unchanged from prior quarter, up from $0.46 YoY.