U.S. Bancorp reports Q4 EPS 72c with charges, consensus 75c Reports Q4 revenue $5.11B, consensus $5.16B. Q4 EPS includes a previously disclosed $80M expense accrual for a mortgage foreclosure-related regulatory settlement, which reduced EPS by 3c.
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U.S. Bancorp sees efficiency ratio in the low 50s going forward Sees net charge offs, nonperforming assets remaining "relatively stable" in Q3. Says capital position is "strong." Comments made on the Q2 earnings conference call.