- U.S. Bancorp’s total average deposits for the 4th quarter were $502.78 billion, missing the estimated $515.61 billion.
- The total average loans were $372.86 billion, slightly lower than the estimated $374.78 billion.
- The change in average total deposits decreased by 1.9%.
- Cash and due from banks was reported at $61.19 billion, lower than the estimated $63.18 billion.
- The Earnings Per Share (EPS) was 49 cents.
- The provision for credit losses amounted to $512 million, exceeding the estimate of $496.2 million.
- The net charge-offs were $463 million, higher than the estimated $425.8 million.
- Net interest income FTE was $4.14 billion, slightly less than the estimated $4.15 billion.
- Net interest margin was 2.78%, slightly higher than the estimated 2.75%.
- The non-interest income was $2.62 billion, lower than the estimated $2.72 billion.
- Basel III common equity Tier 1 ratio was 9.9%, higher than the estimated 9.81%.
- Non-interest expenses were $5.22 billion, significantly higher than the estimated $4.84 billion.
- The effective tax rate was 13.9%, much lower than the estimated 22.3%.
- There were 12 buys, 16 holds, and 0 sells for U.S. Bancorp.
A look at US Bancorp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 4.0 |
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
The long-term outlook for US Bancorp looks promising, according to the Smartkarma Smart Scores. The company has received an overall score of 4 out of 5, indicating a strong outlook for the future. This is based on the company’s performance in various areas such as value, dividend, growth, resilience, and momentum.
US Bancorp is a diversified financial services company that offers a wide range of services including lending, depository services, and trust and investment management. The company also provides credit card services, mortgage banking, insurance, brokerage, and leasing. With a strong presence in the Midwest and Western United States, US Bancorp is well-positioned to continue its growth and maintain its resilience in the long run.
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.
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