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Sep 30, 2024
US Bancorp Q3 2024 Earnings Report
Reported diluted earnings per share of $1.03 and a return on tangible common equity of 17.9%.
Key Takeaways
US Bancorp reported a net income of $1,714 million and diluted earnings per share of $1.03 for Q3 2024. The results included an $89 million after-tax net securities loss, which was largely offset by lower income tax expense. Net interest income increased by 2.8% on a linked quarter basis.
Net income was $1,714 million, with diluted earnings per share at $1.03.
Net interest income increased 2.8% on a linked quarter basis.
Noninterest income, excluding net securities losses, increased due to commercial products, trust and investment management fees, payment services, and mortgage banking revenue.
CET1 capital ratio was 10.5% at the end of September 30, 2024.
Revenue by Segment
Forward Guidance
U.S. Bancorp expects positive operating leverage to expand in the fourth quarter and into 2025.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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