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United States

U.S. Bancorp (USB)

USB on New York Consolidated

51.74USD
20 Aug 2019
Change (% chg)

$-0.94 (-1.78%)
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Latest Key Developments (Source: Significant Developments)

U.S. Bancorp Reports Q2 EPS Of $1.09
Wednesday, 17 Jul 2019 06:56am EDT 

July 17 (Reuters) - U.S. Bancorp ::REPORTS SECOND QUARTER 2019 RESULTS.QTRLY EARNINGS PER SHARE $1.09.QTRLY TOTAL NET REVENUE $5.82 BILLION VERSUS $5.64 BILLION.TOTAL NET CHARGE-OFFS IN Q2 2019 WERE $350 MILLION, COMPARED WITH $367 MILLION IN THE FIRST QUARTER OF 2019.QTRLY RETURN ON AVERAGE COMMON EQUITY 15% VERSUS. 15.3% REPORTED LAST YEAR.NET INTEREST INCOME ON TAXABLE-EQUIVALENT BASIS IN Q2 $3.33 BILLION VERSUS $3.23 BILLION.PROVISION FOR CREDIT LOSSES FOR Q2 WAS $365 MILLION, WHICH WAS $12 MILLION (3.2 PERCENT) LOWER THAN THE PRIOR QUARTER.Q2 EARNINGS PER SHARE VIEW $1.07, REVENUE VIEW $5.73 BILLION -- REFINITIV IBES DATA.  Full Article

U.S. Bancorp Receives No Objection To Its 2019 Capital Plan
Thursday, 27 Jun 2019 04:34pm EDT 

June 27 (Reuters) - U.S. Bancorp ::U.S. BANCORP RECEIVES NO OBJECTION TO ITS 2019 CAPITAL PLAN; INCLUDES A DIVIDEND INCREASE OF 13.5 PERCENT.U.S. BANCORP - FEDERAL RESERVE BOARD DID NOT OBJECT TO ITS 2019 CAPITAL PLAN.U.S. BANCORP - EXPECTS TO RECOMMEND A Q3 DIVIDEND OF $0.42 PER COMMON SHARE.U.S. BANCORP - WILL RECOMMEND IN JULY THAT ITS BOARD APPROVE A QUARTERLY DIVIDEND INCREASE BEGINNING WITH Q3 DIVIDEND PAYABLE IN OCTOBER 2019.U.S. BANCORP - BOARD HAS APPROVED A FOUR-QUARTER AUTHORIZATION TO REPURCHASE UP TO $3.0 BILLION OF ITS OUTSTANDING COMMON STOCK, BEGINNING JULY 1.  Full Article

U.S. Bank Receives $70 Million In Tax Credit Allocations
Wednesday, 5 Jun 2019 04:00pm EDT 

June 5 (Reuters) - U.S. Bancorp ::U.S. BANK RECEIVES $70 MILLION IN TAX CREDIT ALLOCATIONS.U.S. BANCORP - $70 MILLION ALLOCATION IS PART OF $3.5 BILLION NMTC PROGRAM FROM TREASURY.  Full Article

U.S. Bancorp Reports First Quarter Earnings Per Share Of $1.00
Wednesday, 17 Apr 2019 06:45am EDT 

April 17 (Reuters) - U.S. Bancorp ::REPORTS FIRST QUARTER 2019 RESULTS.Q1 EARNINGS PER SHARE $1.00.Q1 EARNINGS PER SHARE ESTIMATE $1.00 -- REFINITIV IBES DATA.Q1 REVENUE $5.577 BILLION.QTRLY RETURN ON AVERAGE ASSETS OF 1.49% AND RETURN ON AVERAGE COMMON EQUITY OF 14.3%.QTRLY NET INTEREST INCOME ON A TAXABLE-EQUIVALENT BASIS $3,286 MILLION VERSUS $3,197 MILLION.TOTAL NET CHARGE-OFFS IN Q1 OF 2019 WERE $367 MILLION, COMPARED WITH $353 MILLION IN Q4 OF 2018.QTRLY EFFICIENCY RATIO 55.4 PERCENT VERSUS 55.9 PERCENT.QTRLY TOTAL NET REVENUE $5,577 MILLION VERSUS $5,469 MILLION.QTRLY NONPERFORMING ASSETS DECREASED 16.5% ON A YEAR-OVER-YEAR BASIS.Q1 REVENUE VIEW $5.59 BILLION -- REFINITIV IBES DATA.DURING QUARTER, CO RETURNED 77 PERCENT OF EARNINGS TO SHAREHOLDERS THROUGH DIVIDENDS AND SHARE BUYBACKS.QTRLY PROVISION FOR CREDIT LOSSES $377 MILLION VERSUS $368 MILLION IN Q4 2018.Q1 REVENUE VIEW $5.59 BILLION -- REFINITIV IBES DATA.  Full Article

U.S. Bank Announces Redemption Of Senior Notes
Monday, 4 Feb 2019 06:50pm EST 

Feb 4 (Reuters) - U.S. Bancorp ::U.S. BANK ANNOUNCES REDEMPTION OF SENIOR NOTES.U.S. BANCORP- REDEMPTION PRICE FOR EACH OF SENIOR NOTES EQUAL TO $1,000 PER $1,000 ORIGINAL PRINCIPAL AMOUNT, PLUS ANY ACCRUED AND UNPAID INTEREST.  Full Article

U.S. Bancorp Launches Asset Backed Securitization Lending Business
Thursday, 24 Jan 2019 09:11am EST 

Jan 24 (Reuters) - U.S. Bancorp ::U.S. BANCORP LAUNCHES ASSET BACKED SECURITIZATION LENDING BUSINESS.  Full Article

U.S. Bancorp Announces OCC's Termination Of AML-Related Consent Order
Friday, 21 Dec 2018 11:10am EST 

Dec 21 (Reuters) - U.S. Bancorp ::U.S. BANCORP ANNOUNCES OCC’S TERMINATION OF AML-RELATED CONSENT ORDER.U.S. BANCORP - OCC TERMINATED ITS 2015 CONSENT ORDER RELATED TO CO'S ANTI-MONEY LAUNDERING & BANK SECRECY ACT PROGRAM & CONTROLS.  Full Article

U.S. Bank Announces Retirement Of Vice Chairman John Elmore
Wednesday, 5 Sep 2018 01:35pm EDT 

Sept 5 (Reuters) - U.S. Bancorp ::U.S. BANK ANNOUNCES RETIREMENT OF BANKING VETERAN, VICE CHAIRMAN JOHN ELMORE.U.S. BANK SAYS WILL COMBINE COMMUNITY BANKING & BRANCH DELIVERY AND CONSUMER BANKING SALES & SUPPORT ORGANIZATIONS.U.S. BANK - ALSO ANNOUNCES NEW, ENTERPRISE-FOCUSED CHIEF DIGITAL OFFICER ROLE THAT WILL REPORT TO THE CEO.U.S. BANK - TIM WELSH WILL LEAD NEW COMMUNITY BANKING & BRANCH DELIVERY-CONSUMER BANKING SALES & SUPPORT ORGANIZATION.  Full Article

U.S. Bancorp Board Declared Regular Qtrly Dividend Of $0.30 Per Common Share
Monday, 19 Mar 2018 11:00am EDT 

March 19 (Reuters) - U.S. Bancorp ::BOARD DECLARED REGULAR QTRLY DIVIDEND OF $0.30 PER COMMON SHARE, PAYABLE APRIL 16.  Full Article

U.S. Bancorp Reports Q4 Earnings Per Share Of $0.97
Wednesday, 17 Jan 2018 06:45am EST 

Jan 17 (Reuters) - U.S. Bancorp ::REPORTS FOURTH QUARTER AND FULL YEAR 2017 EARNINGS.Q4 EARNINGS PER SHARE $0.88 EXCLUDING ITEMS.Q4 EARNINGS PER SHARE $0.97.Q4 EARNINGS PER SHARE VIEW $0.87 -- THOMSON REUTERS I/B/E/S.- TOTAL NET CHARGE-OFFS IN Q4 OF 2017 WERE $325 MILLION, COMPARED WITH $330 MILLION IN Q3 OF 2017.- CO'S PROVISION FOR CREDIT LOSSES FOR Q4 OF 2017 WAS $335 MILLION, WHICH WAS $25 MILLION LOWER THAN PRIOR QUARTER.- QTRLY RETURN ON AVERAGE COMMON EQUITY WAS 14.7‍​ PERCENT VERSUS 13.1 PERCENT LAST YEAR.- ‍NET INTEREST INCOME ON A TAXABLE-EQUIVALENT BASIS IN Q4 OF 2017 WAS $3,197 MILLION, AN INCREASE OF $193 MILLION (6.4 PERCENT) OVER Q4 OF 2016​.- COMMON EQUITY TIER 1 CAPITAL RATIO WAS 9.3‍​ PERCENT AT DEC 31, 2017 VERSUS 9.6 PERCENT AT SEP 30, 2017.- Q4 RESULTS INCLUDED BENEFIT OF $910 MILLION RELATED TO ESTIMATED IMPACT OF TAX REFORM ON CO'S TAX RELATED ASSETS AND LIABILITIES.  Full Article

Solutran’s check-processing patent lawsuit against U.S. Bancorp bounces

The Federal Circuit Court of Appeals has reversed a judgment against U.S. Bancorp in a patent infringement lawsuit by payment processing company Solutran, finding that Solutran's invention of a check processing method was not patent eligible.