Authorization

U.S. Bancorp Q4 Profit Rises, Meets Estimates - Quick Facts

(RTTNews) - U.S. Bancorp (USB) reported Wednesday that net income e attributable to U.S. Bancorp for the fourth quarter grew to $1.52 billion or $0.95 per share from $1.49 billion or $0.90 per share in the prior-year quarter.

The company said the increase in net income year-over-year was primarily due to higher noninterest income as well as lower noninterest expense, partially offset by lower net interest income and higher provision for credit losses.

Net revenue for the quarter increased to $5.75 billion, including $3.20 billion of net interest income and $2.55 billion of noninterest income, from $5.67 billion, including $3.23 billion of net interest income and $2.44 billion of noninterest income, in the same quarter last year.

On average, analysts polled by Thomson Reuters expected the company to report earnings of $0.95 per share on revenue of $5.82 billion for the quarter. Analysts' estimates typically exclude certain special items.

Provision for credit losses for the quarter was $441 million, up from $395 last year.
See also:
Leave a comment
News
  • Latest
  • Read
  • Commented
Calendar Content
«    Февраль 2021    »
ПнВтСрЧтПтСбВс
1234567
891011121314
15161718192021
22232425262728