U.S. Bancorp’s Q4 earnings show a revenue increase, but some metrics fell short of expectations
Minneapolis: U.S. Bancorp just reported its Q4 earnings, and the numbers are pretty interesting. They brought in $6.98 billion in revenue, which is up 3.7% from last year. Their earnings per share (EPS) came in at $1.07, compared to $0.99 a year ago.
However, they missed the revenue estimate of $7.02 billion by a small margin. On the bright side, they did beat the EPS estimate of $1.06, which is a good sign for investors.
Investors usually keep an eye on these headline numbers, but there are other metrics that give a clearer picture of how the company is really doing. These metrics help in understanding the overall performance and can guide investors in making decisions about the stock.
So, how did U.S. Bancorp stack up in the latest quarter? Here are some key metrics: their net interest margin was 2.7%, matching expectations. The net charge-off ratio was lower than expected at 0.3%, which is good news.
They also reported total earning assets of $614.27 billion, exceeding the average estimate. However, their book value per share was slightly below expectations at $33.19.
In terms of nonperforming assets, they reported $1.83 billion, which is better than the estimate. The efficiency ratio was a bit higher than expected at 61.5%, but overall, they seem to be managing well.
Shares of U.S. Bancorp have done well lately, up 6.9% over the past month, while the broader market has dipped a bit. They currently hold a Zacks Rank #2, which suggests they might outperform the market soon.
