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Jun 30, 2021
US Bancorp Q2 2021 Earnings Report
Reported net income of $1.98 billion and net revenue of $5.78 billion.
Key Takeaways
U.S. Bancorp reported a net income of $1.98 billion and net revenue of $5.78 billion for Q2 2021. The results reflect improving economic conditions and execution of their strategic growth plan. Credit quality was better than expected, and capital and liquidity positions remained strong.
Net income of $1,982 million and diluted earnings per common share of $1.28.
Return on average assets of 1.44% and return on average common equity of 16.3%.
Net revenue of $5,783 million, including $3,164 million of net interest income and $2,619 million of noninterest income.
Returned 79% of 2Q earnings to shareholders through dividends and share buybacks.
Revenue by Segment
Forward Guidance
U.S. Bancorp is well positioned to benefit from improving economic conditions and sees significant secular growth opportunities driving industry leading returns over the longer term.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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