U.S. markets closed
  • S&P 500

    -98.85 (-2.57%)
  • Dow 30

    -633.83 (-2.05%)
  • Nasdaq

    -355.47 (-2.61%)
  • Russell 2000

    -41.16 (-1.91%)
  • Crude Oil

    -0.50 (-0.95%)
  • Gold

    -7.60 (-0.41%)
  • Silver

    -0.19 (-0.74%)

    -0.0022 (-0.18%)
  • 10-Yr Bond

    -0.0260 (-2.50%)

    -0.0037 (-0.27%)

    +0.2710 (+0.26%)

    -2,519.34 (-7.70%)
  • CMC Crypto 200

    -32.62 (-5.10%)
  • FTSE 100

    -86.64 (-1.30%)
  • Nikkei 225

    -512.19 (-1.79%)

Free Research Report as US Bancorp’s Q1 Bottom-Line Outpaced Forecasts

Stock Monitor: First Busey Post Earnings Reporting

LONDON, UK / ACCESSWIRE / May 02, 2018 / Active-Investors.com has just released a free earnings report on US Bancorp (NYSE: USB). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=USB. The Company posted its financial results on April 18, 2018, for the first quarter of the fiscal year 2018 (Q1 FY18). The Company's total net revenues grew 3.4% y-o-y. Register today and get access to over 1000 Free Research Reports by joining our site below:


Active-Investors.com is currently working on the research report for First Busey Corporation (NASDAQ: BUSE), which also belongs to the Financial sector as the Company US Bancorp. Do not miss out and become a member today for free to access this upcoming report at:


Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, US Bancorp most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:


Earnings Highlights and Summary

During Q1 FY18, US Bancorp's net interest income increased 6.3% to $3.17 billion from $2.98 billion in the last year's same quarter. The Company's non-interest income grew to $2.27 billion in Q1 FY18 from $2.26 billion in Q1 FY17. For the reported quarter, the Company's total net revenues increased to $5.47 billion from $5.29 billion in Q1 FY17. However, the Company's net revenue numbers for the reported quarter missed market expectations of $5.53 billion.

The parent Company of US Bank National Association reported a net income attributable to common shareholders of $1.68 billion, or $0.96 per diluted share, in Q1 FY18 compared to $1.47 billion, or $0.82 per diluted share, in Q1 FY17. Excluding one-time expenses and benefits of $0.01 per diluted share, the Company's adjusted net income was $0.95 per diluted share in Q1 FY18, beating Wall Street's forecasts of $0.082 per diluted share.

Earnings Metrics

The Minneapolis, Minnesota-based Company's non-interest expenses were $3.06 billion in Q1 FY18, $146 million, or 5.0%, higher than in Q1 FY17, primarily due to higher personnel expenses, occupancy costs, technology investment, seasonal marketing, and development expenses.

During the reported quarter, the Company's return on average common equity was 14.9% versus 13.3% in the year ago comparable period. The return on average assets stood at 1.50% in Q1 FY18 compared to 1.35% in Q1 FY17. The Company had book value per share of $26.54 as on March 31, 2018, up from $25.05 as on March 31, 2017. Moreover, the Company's efficiency ratio came in at 55.9% in Q1 FY18 compared to 55.3% in Q1 FY17.

As on March 31, 2018, the Company's common equity tier 1 risk-weighted assets ratio was 10.4% compared to 11.0% as on March 31, 2017. The Company's leverage ratio stood at 8.8% as on March 31, 2018, versus 9.1% as on March 31, 2017. Furthermore, the Company's total risk-based capital ratio stood at 12.5% as on March 31, 2018, versus 13.3% as on March 31, 2017.

Balance Sheet Analyzed

US Bancorp's average total assets were $334.58 billion in Q1 FY18 compared to $328.43 billion in Q1 FY17. The Company's average total loan portfolio stood at $279.39 billion in Q1 FY18 compared to $273.16 billion in Q1 FY17.

The Company's average total earnings assets increased to $411.85 billion in Q1 FY18 from $399.28 billion in the previous year's corresponding quarter. For Q1 FY18, the Company's yield on average earnings assets also improved to 3.75% from 3.48% in Q1 FY17. The Company's rate paid on interest-bearing liabilities were 0.81% during the first quarter of FY18 compared to 0.57% in Q1 FY17. Furthermore, the Company's net interest margin grew to 3.13% in Q1 FY18 from 3.06% in Q1 FY17.

For Q1 FY18, the Company's total non-performing assets balance stood at $1.20 billion, lower than $1.50 billion in Q1 FY17. The Company's non-performing assets to loans and other real estate ratio also improved to 0.43% at the end of Q1 FY18 from 0.55% at the close of prior year's same quarter.

Share Repurchase and Dividend

During Q1 FY18, the Company returned 68% of earnings to shareholders through dividends and share buybacks.

Stock Performance Snapshot

May 01, 2018 - At Tuesday's closing bell, US Bancorp's stock marginally rose 0.54%, ending the trading session at $50.72.

Volume traded for the day: 4.36 million shares.

Stock performance in the last month – up 2.09%

After yesterday's close, US Bancorp's market cap was at $84.14 billion.

Price to Earnings (P/E) ratio was at 16.28.

The stock has a dividend yield of 2.37%.

The stock is part of the Financial sector, categorized under the Regional - Midwest Banks industry. This sector was up 0.2% at the end of the session.


Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.


The non-sponsored content contained herein has been prepared by a writer (the ''Author'') and is fact checked and reviewed by a third-party research service company (the ''Reviewer'') represented by a credentialed financial analyst. For further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the ''Sponsor''), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.


A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.


This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.


For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com

Phone number: 73 29 92 6381

Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors