US Bancorp (NYSE: USB) reported earnings results for the first quarter of 2020 today.
![](https://cdn.news.alphastreet.com/wp-content/uploads/2020/04/US-Bancorp-Q1-2020-Earnings-Infographic-671x1024.jpg)
Net revenue increased 3.5% year-over-year to $5.77 billion. Net income attributable to US Bancorp common shareholders dropped 32.5% year-over-year to $1.08 billion. Diluted EPS fell 28% to $0.72. The decrease in net income was mainly due to an increase in the provision for credit losses driven by deteriorating economic conditions caused by the impact of the COVID-19 outbreak on the US and global economies.
Past Performance
![](https://cdn.news.alphastreet.com/wp-content/uploads/2020/01/U.S.-Bancorp-Q4-2019-Earnings-Infographic-671x1024.jpg)
![us bancorp Q3 2019 earnings](https://cdn.news.alphastreet.com/wp-content/uploads/2019/10/US-bancorp-Q3-2019-earnings-671x1024.jpg)
![Strong loan growth drives NII for US Bancorp in Q2](https://cdn.news.alphastreet.com/wp-content/uploads/2019/07/US-bancorp-Q2-2019-earnings-infographics-1-649x1024.jpg)
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