USB Earnings Prediction
The chart below shows how USB performed 10 days before and after its earnings report, based on data from the past quarters. Typically, USB sees a -4.79% change in stock price 10 days leading up to the earnings, and a -1.65% change 10 days following the report. On the earnings day itself, the stock moves by +1.83%. This data can give you a slight idea of what to expect for the next quarter's release.
USB Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
6.22B
3.70%
2.09%
Gross Margin
--
--
--
Operating Margin
33.91%
73.63%
-0.32%
Net Margin
26.86%
87.05%
-5.02%
EPS
1.01
106.12%
-1.94%
No Data Available
USB Earnings Analysis
US Bancorp Corporation (USB.N) Earnings Conference Call
Positive
Earnings Per Share Performance: Earnings per diluted share reached $1.01, or $1.07 after adjusting for notable items, reflecting strong financial performance in the fourth quarter.
Net Revenue Performance: Net revenue totaled $7 billion for the quarter and $27.5 billion for the year, showcasing both sequential and year-over-year growth in net interest income and non-interest income.
Capital Strength Improvement: The CET1 capital ratio increased by 10 basis points to 10.6%, indicating a strengthened capital position, while tangible book value per share rose by 10.4% year-over-year to $24.63.
Fee Income Growth: Fee income represented over 40% of total net revenue in the fourth quarter, driven by double-digit year-over-year growth in commercial products, trust and investment management, and investment product revenues.
Share Repurchase Program: The company initiated $100 million in share repurchases during the quarter, balancing capital accretion with shareholder returns.
Negative
Earnings Impact Analysis: Earnings per diluted share reported at $1.01, including $109 million in notable expense items, indicating a significant impact on profitability due to operational efficiency initiatives and lease impairments.
Sluggish Loan Growth: Average loans increased only 0.4% on a linked quarter basis, reflecting sluggish loan growth despite efforts in commercial lending and new originations, suggesting potential challenges in demand.
Revenue Generation Challenges: Non-interest income growth was partially offset by lower mortgage banking and seasonally lower payments revenue, indicating weaknesses in key revenue-generating areas.
Non-Performing Assets Ratio Increase: The ratio of non-performing assets to loans increased to 0.48% from 0.40% a year ago, highlighting a deterioration in asset quality despite overall credit quality metrics being in line with expectations.
Cost Management Challenges: Total non-interest expense for the quarter was $4.2 billion, with full-year expenses just below guidance, suggesting ongoing pressure on cost management despite efforts to maintain expense discipline.
