$USB (U.S. Bancorp)

$USB {{ '2015-10-15T16:04:53+0000' | timeago}} • Webcast

During 3Q15 $USB released $10MM of reserves vs. $25MM in 3Q14 and $15MM in 2Q15. $USB expects total non-performing assets to remain relatively stable in 4Q15 and the level of net charge-offs to increase modestly in 4Q15 principally due to the expectation of a lower level of recovery.

$USB {{ '2018-01-18T20:36:26+0000' | timeago}} • Webcast

$USB reported 5.4% growth in its credit and debit card revenue. This growth was driven by higher sales volumes. Trust and investment management fees increased 7.1% mainly due to favorable market conditions and net asset and account growth. Merchant processing revenue fell 1% YoY due to exit of certain joint ventures in 2Q17.

$USB {{ '2018-01-18T20:30:14+0000' | timeago}} • Webcast

During 4Q17, $USB's net interest margin decreased 2Bps to 3.08%. Non-interest expense increased 3.6% YoY, reflecting higher compensation and employee benefits expense mainly related to hiring to support business growth and compliance programs.

$USB {{ '2018-01-17T18:01:04+0000' | timeago}} • Announcement

$USB named Andy Cecere, President and Chief Executive Officer, as Chairman of the BoD, effective April 2018. Cecere succeeds  Richard Davis, Executive Chairman, who will retire after the board transition in April.

$USB {{ '2018-01-17T17:44:08+0000' | timeago}} • Announcement

Minneapolis-based bank $USB saw a benefit of $910MM in 4Q17 from the new federal tax law, helping the bank earn $1.68Bil, or $0.97 per share, up 13.8% from a year ago. This increase was also driven by rising interest rates and loan growth. Non-GAAP EPS was $0.88. Total revenue during the quarter was $5.63Bil, up 3.7% YoY.

$USB {{ '2018-01-17T13:30:53+0000' | timeago}} • Infographic

$USB U.S. Bancorp Earnings AlphaGraphic: Q4 2017 Highlights

$USB {{ '2017-12-19T17:03:18+0000' | timeago}} • Announcement

$USB's BoD declared a regular quarterly dividend of $0.30 per common share. The dividend is payable on Jan. 16, 2018, to stockholders of record at the close of business on Dec. 29, 2017. At this rate, the annual dividend is equivalent to $1.20 per common share.

$USB {{ '2017-10-19T09:18:15+0000' | timeago}} • Webcast

For 4Q17 and FY18, $USB expects to deliver positive operating leverage on a year-over-year basis, supported by expense growth in the 3-5% range. However, credit quality is expected to remain stable.

$USB {{ '2017-10-19T09:15:16+0000' | timeago}} • Webcast

$USB's credit and debit card revenue during 3Q17 increased 3% on year-over-year basis, helped by higher sales volumes. The company's Trust and asset management revenue grew 5%, reflecting business growth and favorable market conditions. Merchant processing revenue was down 1.7%.

$USB {{ '2017-10-18T14:07:01+0000' | timeago}} • Infographic

$USB U.S. Bancorp Earnings AlphaGraphics: Q3 2017 highlights

$USB {{ '2017-10-18T13:50:43+0000' | timeago}} • Announcement

$USB's net interest margin during 3Q17 was 12 basis points higher than 3Q16 and 6 basis points higher than 2Q17. This increase in the net margin was due to higher interest rates and loan portfolio mix. Average loans grew 3% during the quarter.

$USB {{ '2017-10-18T13:41:06+0000' | timeago}} • Announcement

Minneapolis-based regional bank $USB reported 4% growth in its 3Q17 profit, helped by higher interest rates. Net income rose to $1.56Bil, or $0.88 per share, compared with $1.50Bil, or $0.84 per share during 3Q16. Revenue rose 4% YoY to $5.61Bil. Net interest income rose 8% from the prior year period.

$USB {{ '2017-10-18T13:27:05+0000' | timeago}} • Announcement

$USB's BoD elected Richard McKenney as a director of the company, effective immediately. McKenney is the president and CEO of Chattanooga, Tenn., based $UNM.

$USB {{ '2017-10-10T15:03:59+0000' | timeago}} • Announcement

$USB announced yesterday that its Voyager fleet cards will be using EMV M/Chip technology from $MA. Voyager is the first fleet card network to use the technology. $MA introduced the M/Chip solution last year to improve transaction time at the terminal. Post the liability shift deadline of Oct. 2015, migration towards EMV-based cards started in US.

$USB {{ '2017-09-19T15:37:14+0000' | timeago}} • Announcement

$USB said its BoD approved a quarterly dividend of $0.30 per share, an increase of 7.1%. The dividend is payable on Oct. 16, 2017, to stockholders of record on Sept. 29, 2017.

$USB {{ '2017-07-20T15:19:04+0000' | timeago}} • Webcast

$USB reported a 5.9% increase in its net interest income of $3Bil. Net interest margin rose 1 basis point to 3.04%, in-line with the guidance. This increase was mainly due to the increase in interest rates.

$USB {{ '2017-07-20T15:11:46+0000' | timeago}} • Webcast

$USB posted a 2Q17 earnings rise, helped by solid loan growth and an uptick in net interest margin. Loans grew 0.9% from 1Q17. Based on the current trends, the bank expects 3Q17 total loan growth to be in the range of 1-5%

$USB {{ '2017-07-19T14:14:20+0000' | timeago}} • Announcement

Financial services company $USB reported a 1.4% drop in its 2Q17 net attributable income mainly due to lower noninterest income. Net income fell to $1.58Bil from $1.52Bil during the prior year quarter. However, diluted EPS rose 2.4% to $0.85 from $0.83 during 2Q16. Revenue rose to $5.4Bil.

$USB {{ '2017-07-19T14:01:28+0000' | timeago}} • Infographic

$USB U.S. Bancorp Earnings AlphaGraphics: Q2 2017 highlights

$USB {{ '2017-07-19T12:19:59+0000' | timeago}} • Announcement

$USB posted net interest margin of 3.04% during 2Q17, which was 2 basis points higher than 2Q16. This was mainly due to the increased interest rates. Average total loans were up 3.4% over 2Q16.

$USB {{ '2017-07-19T12:15:47+0000' | timeago}} • Announcement

$USB received a boost from increase in interest rates by the Federal Reserve. Higher interest rates and loan growth resulted in 5.9% increase in net interest income to $3.1Bil during 2Q17. Noninterest income rose 2% mainly due to higher payment services revenue.

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