U.S. Bancorp (USB) Reports Q4 Earnings: What Key Metrics Have to Say

Core Insights - U.S. Bancorp reported $6.98 billion in revenue for Q4 2024, a 3.7% year-over-year increase, with an EPS of$ 1.07 compared to $0.99 a year ago, slightly missing the revenue estimate by 0.56% but exceeding EPS expectations by 0.94% [1] Financial Performance Metrics - Net interest margin was 2.7%, matching the five-analyst average estimate of 2.7% [4] - Net charge-off ratio was 0.3%, better than the five-analyst average estimate of 0.6% [4] - Total earning assets averaged$ 614.27 billion, exceeding the five-analyst average estimate of $608.85 billion [4] - Book value per common share was$ 33.19, below the five-analyst average estimate of $33.91 [4] - Total nonperforming assets amounted to$ 1.83 billion, better than the four-analyst average estimate of $1.93 billion [4] - Efficiency ratio was 61.5%, worse than the four-analyst average estimate of 59.7% [4] - Total nonperforming loans were$ 1.79 billion, better than the four-analyst average estimate of $1.88 billion [4] - Tier 1 Capital Ratio was 12.2%, slightly below the two-analyst average estimate of 12.5% [4] - Leverage ratio was 8.3%, slightly below the two-analyst average estimate of 8.4% [4] - Total noninterest income was$ 2.83 billion, slightly below the six-analyst average estimate of $2.87 billion [4] - Net interest income was$ 4.18 billion, slightly above the $4.17 billion average estimate based on six analysts [4] - Mortgage banking revenue was$ 116 million, significantly below the $155.05 million average estimate based on five analysts [4] Stock Performance - U.S. Bancorp shares returned +6.9% over the past month, outperforming the Zacks S&P 500 composite's -1.6% change, with a Zacks Rank 2 (Buy) indicating potential for near-term outperformance [3]