U.S. Bancorp (USB) Rides on Solid Deposit Base, High Costs Ail [Yahoo! Finance]
U.S. Bancorp (USB)
Last u.s. bancorp earnings: 4/15 06:45 am
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US:NYSE Investor Relations:
phx.corporate-ir.net/phoenix.zhtml%3fc%3d117565%26p%3dirol-presentations
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Source: Yahoo! Finance
income (NII). Diverse revenue streams and rising fee income are expected to support top-line growth. However, an escalating expense base remains a concern. U.S. Bancorp has experienced strong growth in total loans and deposits in the past few years. This growth is mainly driven by efforts to strengthen relationships with existing customers, acquire new ones and increase market share. Total deposits also increased on a year-over-year basis, reflecting improvements in total savings deposits, time deposits and noninterest-bearing deposits. Management anticipates strong loan pipelines in the commercial and credit card space to drive growth in the upcoming period. USB's organic growth and diversified revenue streams are its key strengths. Revenues witnessed a compound annual growth rate (CAGR) of 10.4% over the last four years (ended 2023), primarily driven by higher NII. Although NII decreased during the first quarter of 2024, investment portfolio repositioning, improved loan demand a
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USB
News
- U.S. Bancorp (NYSE: USB) had its "equal weight" rating re-affirmed by analysts at Morgan Stanley. They now have a $45.00 price target on the stock.MarketBeat
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- Air Lease Corporation Announces Pricing of Public Offering of $1.2 Billion of Senior Unsecured Medium-Term Notes [Yahoo! Finance]Yahoo! Finance
USB
Earnings
- 4/17/24 - Miss
USB
Sec Filings
- 6/7/24 - Form 25-NSE
- 5/31/24 - Form 8-K
- 5/21/24 - Form CERT
- USB's page on the SEC website