New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
April 16, 2014
07:17 EDTUSBU.S. Bancorp reports Q1 EPS 73c, consensus 73c
Reports Q1 revenue $4.81B, consensus $4.8B. U.S. Bancorp Chairman, President and CEO Richard K. Davis said, “Our first quarter earnings of $1.4 billion, or $.73 per diluted common share, demonstrated our Company’s ability to generate strong results in the face of a slow-growing and uncertain economy. Our industry-leading returns on average assets of 1.56 percent and average common equity of 14.6 percent, combined with our strong efficiency ratio of 52.9 percent, remain among the top performance ratios in our peer group. Our performance clearly reflects the advantage of our diversified business mix and disciplined expense management which has enabled us to withstand the revenue challenges facing our industry in this slow-growth economy. Average loan growth remained strong at 6.0 percent year-over-year and 1.3 percent on a linked quarter basis. Total loan and commitment growth continued to be an area of strength for the Bank, particularly highlighted by our commercial business, which grew loans by 8.5 percent year-over-year and 2.8 percent on a linked quarter basis. This growth demonstrates our ability to gain market share as customers choose to partner with us to expand their businesses when opportunities arise. Credit quality continued to be strong in the first quarter as net charge-offs declined 21.2 percent compared with the prior year and rose modestly on a linked quarter basis due to unusually high recoveries in the prior quarter. Nonperforming assets, excluding covered assets, fell by 1.0 percent and delinquencies also improved in the quarter. Overall credit quality is expected to remain relatively stable in the coming quarters."
News For USB From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
April 17, 2015
07:31 EDTUSBU.K. postpones debt buyback due to Bloomberg terminal crash, WSJ reports
Subscribe for More Information
April 15, 2015
09:53 EDTUSBU.S. Bancorp says improving interest rates is "a matter of when, not if"
Subscribe for More Information
09:52 EDTUSBU.S. Bancorp does not expect to have a reduction in force
09:51 EDTUSBU.S. Bancorp says lower NIM due to investment portfolio growth
Subscribe for More Information
08:25 EDTUSBUSB: Repurchase activity lower due conservative credit, underwriting culture
U.S. Bancorp said mortgage repurchase activity is lower than peers due to the conservative credit and underwriting culture. Reports Q1 beginning reserve of $46M and ending reserve of $46M. Reports Q1 mortgages repurchased and make-whole payments of $12M. Comments taken from slides for Q1 earnings conference call.
07:24 EDTUSBU.S. Bancorp sees level of net charge-offs increasing modestly in Q2
07:23 EDTUSBU.S. Bancorp sees total nonperforming assts 'relatively stable' in Q2
Subscribe for More Information
07:20 EDTUSBU.S. Bancorp says 'diversification of business mix has served us well'
Subscribe for More Information
07:19 EDTUSBU.S. Bancorp reports Q1 provision for credit losses $264M
Subscribe for More Information
07:18 EDTUSBU.S. Bancorp reports Q1 EPS 76c, consensus 76c
Subscribe for More Information
07:17 EDTUSBU.S. Bancorp reports Q1 EPS 76c, consensus 76c
Subscribe for More Information
06:11 EDTUSBRegulators seek to end 'too big to fail' firms, WSJ reports
Subscribe for More Information
April 14, 2015
15:34 EDTUSBNotable companies reporting before tomorrow's open
Subscribe for More Information
12:58 EDTUSBU.S. Bancorp volatility elevated into Q1 and outlook
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use