U.S. Bancorp Q3 2023 net income $1.523B, EPS $0.91, down from $1.16 YoY

US BANCORP DE

2023-Q3 EPS reported $2.79 revenue$21,382,000,000

Net income $1.523B ($0.91 diluted EPS) vs $1.812B ($1.16) in Q3 2022, a 16% decline.
Net interest income (tax-eq) $4.268B, up 10.7% YoY; noninterest income $2.764B, up 11.9%.
Net interest margin 2.81% vs 2.83% YoY; efficiency ratio deteriorated to 64.4% from 57.5%.
Average loans $376.9B, deposits $512.3B; net charge-off ratio rose to 0.44% from 0.19%.
CET1 ratio held at 9.7%; dividend maintained at $0.48 per common share.

item 2.02 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 quarter ended September 30, 2023.

Period: quarter ended September 30, 2023
Result: reported results

Exact text from the filing

On October 18, 2023, U.S. Bancorp (the “Company”) issued a press release reporting quarter-ended September 30, 2023 results

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Source: SEC EDGAR

accession 0001193125-23-258045

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