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United States

U.S. Bancorp (USB)

USB on New York Consolidated

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20 Nov 2017
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Latest Key Developments (Source: Significant Developments)

U.S. Bancorp reports Q3 earnings per share of $0.88
Wednesday, 18 Oct 2017 06:45am EDT 

Oct 18 (Reuters) - U.S. Bancorp :U.S. Bancorp reports record revenue and net income for the third quarter of 2017.Q3 earnings per share $0.88.Q3 earnings per share view $0.88 -- Thomson Reuters I/B/E/S.U.S. Bancorp - common equity tier 1 capital ratio was 9.6 percent at sept 30, compared with 9.5 percent at june 30.U.S. Bancorp - ‍net interest income on a taxable-equivalent basis in Q3 of 2017 was $3,186 million, an increase of $243 million over Q3 of 2016​.U.S. Bancorp - ‍provision for credit losses for Q3 of 2017 was $360 million, which was $10 million (2.9 percent) higher than prior quarter​.U.S. Bancorp - ‍total net charge-offs in Q3 of 2017 were $330 million, compared with $340 million in Q2 of 2017​.U.S. Bancorp - qtrly return on average common equity 13.6 ‍​percent versus. 13.5 percent last year.  Full Article

U.S. Bancorp announces 7.1 pct increase in qtrly common stock dividends
Tuesday, 19 Sep 2017 11:00am EDT 

Sept 19 (Reuters) - U.S. Bancorp ::U.S. Bancorp announces a 7.1 percent increase in quarterly common stock dividends.Sets regular half year dividend of $26.50/depositary share on co's Series J non-cumulative perpetual preferred stock .Approved a 7.1 percent increase in dividend rate on U.S. Bancorp common stock to $0.30 on a quarterly basis​.  Full Article

U.S. Bancorp reports Q2 earnings per share $0.85
Wednesday, 19 Jul 2017 06:45am EDT 

July 19 (Reuters) - U.S. Bancorp -:U.S. Bancorp reports second quarter 2017 earnings.Q2 earnings per share $0.85.Q2 earnings per share view $0.84 -- Thomson Reuters I/B/E/S.U.S. Bancorp - provision for credit losses for q2 of 2017 was $350 million, which was $5 million (1.4 percent) higher than prior quarter.U.S. Bancorp - net interest income on a taxable-equivalent basis in Q2 of 2017 was $3.1 billion, an increase of $172 million (5.9 percent) over Q2 of 2016.U.S. Bancorp - total net charge-offs in Q2 of 2017 were $340 million, compared with $335 million in q1 of 2017, and $317 million in Q2 of 2016.U.S. Bancorp - Q2 return on average common equity 13.4 percent versus. 13.8 percent last year.U.S. Bancorp - common equity tier 1 capital ratio was ‍​9.5 percent at June 30, 2017, compared with 9.5 percent at march 31, 2017.  Full Article

U.S. Bank announces redemption of senior notes
Thursday, 13 Jul 2017 09:00am EDT 

July 13 (Reuters) - U.S. Bancorp ::U.S. Bank announces redemption of senior notes.U.S. Bank National Association says redemption on July 23, 2017, of all of its outstanding floating rate senior notes due August 23, 2017​.U.S. Bank National Association says redemption price will be equal to $1,000 per $1,000 original principal amount, plus any accrued and unpaid interest​.  Full Article

U.S. Bancorp receives no objection to its 2017 capital plan
Wednesday, 28 Jun 2017 04:36pm EDT 

June 28 (Reuters) - U.S. Bancorp :U.S. Bancorp - ‍company expects to recommend a q3 dividend of $0.30 per common share, a 7.1 percent increase over current dividend rate​.U.S. Bancorp - ‍board has approved a four-quarter authorization to repurchase up to $2.6 billion of its outstanding stock, beginning on july 1​.U.S. Bancorp - board has approved a four-quarter authorization to repurchase up to $2.6 billion of its outstanding stock, beginning on july 1, 2017.  Full Article

Canadian Solar secures project financing from Prudential Capital group and U.S. Bank
Tuesday, 25 Apr 2017 07:00am EDT 

April 25 (Reuters) - Canadian Solar Inc :Canadian Solar secures project financing from Prudential Capital Group and U.S. Bank.Canadian Solar Inc - has secured financing for its 92 MWP is-42 solar power project near Fayetteville, North Carolina.Canadian Solar - Prudential Capital group will provide a $97 million debt facility, including tax equity bridge loan, term loan, revolving loan to project.Canadian Solar Inc - USBCDC, a division of U.S. Bank will make a tax equity investment in project under a separate agreement.Canadian Solar Inc - 92 MWP project is currently under construction and is expected to reach commercial operation in Q3 of 2017.  Full Article

U.S. Bancorp reports Q1 earnings per share $0.82
Wednesday, 19 Apr 2017 06:45am EDT 

April 19 (Reuters) - U.S. Bancorp :U.S. Bancorp reports first quarter 2017 earnings.Q1 earnings per share $0.82.Q1 earnings per share view $0.80 -- Thomson Reuters I/B/E/S.U.S. Bancorp - Qtrly return on average common equity 13.3 percent versus. 13.0 percent last year.U.S. Bancorp - Net interest income on a taxable-equivalent basis in Q1 of 2017 was $2,995 million, an increase of $107 million (3.7 percent) over Q1 of 2016.U.S. Bancorp-Estimated common equity tier 1 capital to risk-weighted assets ratio using basel iii fully implemented standardized approach was 9.2 percent at March 31, 2017.U.S. Bancorp- Provision for credit losses for Q1 2017 $345 million, was $3 million,0.9 percent higher than prior quarter,$15 million,4.5 percent higher than Q1 of 2016.U.S. Bancorp - Total net charge-offs in Q1 of 2017 were $335 million, compared with $322 million in Q4 of 2016, and $315 million in Q1 of 2016.Common equity tier 1 capital ratio was 9.5 percent at March 31, 2017, compared with 9.5 percent at March 31, 2016.  Full Article

U.S. Bancorp says to offer mobile payments for Visa commercial cards
Monday, 20 Mar 2017 10:00am EDT 

U.S. Bancorp :To offer mobile payments for Visa commercial cards.  Full Article

U.S. Bancorp reports fourth quarter and full year 2016 earnings
Wednesday, 18 Jan 2017 06:45am EST 

U.S. Bancorp : U.S. Bancorp reports fourth quarter and full year 2016 earnings . Q4 earnings per share $0.82 . Q4 earnings per share view $0.81 -- Thomson Reuters I/B/E/S . U.S. Bancorp - net interest income on a taxable-equivalent basis in q4 of 2016 was $3,004 million, an increase of $133 million (4.6 percent) over Q4 of 2015 . U.S. Bancorp- qtrly return on average common equity 13.1 percent versus 13.7 percent last year . U.S. Bancorp- provision for credit losses for Q4 of 2016 was $342 million, which was $17 million higher than prior quarter and $37 million higher than Q4 of 2015 . U.S. Bancorp- total net charge-offs in Q4 of 2016 were $322 million, compared with $315 million in Q3 of 2016, and $305 million in Q4 of 2015 .U.S. Bancorp - estimated common equity Tier 1 capital to risk-weighted assets ratio using Basel III fully implemented standardized approach was 9.1 percent at Dec 31.  Full Article

U.S. Bancorp issued $1.35 bln principal amount of 2.375 pct notes
Friday, 22 Jul 2016 04:45pm EDT 

U.S. Bancorp :Issued $1.35 billion aggregate principal amount of its 2.375% medium-term notes, series V (senior) due July 22, 2026- SEC filing.  Full Article

9th Circuit revives part of foreclosure lawsuit against U.S. Bank

A federal appeals court has revived part of a Hawaii property owner's lawsuit alleging that U.S. Bank tried to discourage competitive bidding when it sold her house at foreclosure so it could buy it for itself at a bargain price.