- The total average deposits for U.S. Bancorp in Q1 were $503.06 billion, aligning with the estimated $507.09 billion.
- Total average loans stood at $371.07 billion, slightly below the estimated $372.92 billion.
- The change in average total deposits saw a marginal growth of +0.1%.
- The earnings per share (EPS) were 78 cents.
- A provision for credit losses stands at $553 million, above the estimate of $498 million.
- Net charge-offs amounted to $488 million, just over the estimated $486.7 million.
- Net interest income FTE was $4.02 billion, slightly short of the estimated $4.04 billion.
- Net interest margin was 2.7%, slightly below the estimated 2.75%.
- The non-interest income meets the estimate at $2.70 billion.
- The Basel III common equity Tier 1 ratio was right on the predicted 10%.
- The efficiency ratio ended up higher than expected at 66.4%, against an estimate of 63.7%.
- The return on average assets was 0.81%, below the estimated 0.88%.
- The return on average equity was 10%, just short of the estimated 10.9%.
- The effective tax rate was slightly lower than expected at 20.7%, against the estimated 21.7%.
- There have been 13 buys, 13 holds, and 0 sells for U.S. Bancorp stocks.
A look at US Bancorp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Smartkarma’s Smart Scores indicate a promising long-term outlook for U.S. Bancorp. With high scores in both Value and Dividend at 4 out of 5, the company demonstrates solid financial health and a commitment to rewarding shareholders. While Growth, Resilience, and Momentum scores are slightly lower at 3, U.S. Bancorp still shows potential for steady performance and stability in the face of market fluctuations. As a diversified financial services company operating primarily in the Midwest and Western United States, U.S. Bancorp’s strong foundation positions it well for sustained success.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
