Categories AlphaGraphs, Earnings, Finance

Infographic: US Bancorp (USB) Q1 2020 Earnings Results

US Bancorp (NYSE: USB) reported earnings results for the first quarter of 2020 today.

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

us bancorp Q3 2019 earnings
Strong loan growth drives NII for US Bancorp in Q2
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