Categories AlphaGraphs, Earnings, Finance
US Bancorp (USB) reports Q3 earnings. Here’s what you need to know
Financial services company U.S. Bancorp (NYSE: USB) on Wednesday announced operating results for the third quarter of 2023, reporting a decline in net income despite an increase in revenues.
Total net revenue increased 11% from last year to $7.03 billion in the September quarter. At $29.74, book value per share was up 9%.
Net income attributable to shareholders was $1.41 billion or $0.91 per share in Q3, compared to $1.72 billion or $1.16 per share in the same period of 2022. Both average loans and average deposits increased by 12% during the three-month period.
“Third quarter credit quality trends were in line with expectations and we continued to add to our reserve level reflecting prudent assessment of the evolving credit environment. I want to thank all of our employees for their dedication to helping our clients, communities, and shareholders,” said the bank’s CEO Andy Cecere.
Prior Performance
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Important takeaways from Broadcom’s (AVGO) Q4 2023 earnings
Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) ended fiscal 2023 on a positive note, delivering strong results for the fourth quarter. In the new fiscal year, the company’s focus will be
Here’s what Signet Jewelers (SIG) expects for the holiday season and beyond
Shares of Signet Jewelers Limited (NYSE: SIG) were down over 2% on Friday. The stock has gained 40% year-to-date and 27% over the past three months. The jewelry retailer saw
DOCU Earnings: DocuSign Q3 2024 revenue up 9%; profit beats estimates
eSignature service provider DocuSign, Inc. (NASDAQ: DOCU) reported higher revenues and better-than-expected adjusted earnings for the third quarter of 2024. The company also provided guidance for the fourth quarter and
