trending Market Intelligence /marketintelligence/en/news-insights/trending/vdxQETka19kHyJ6R9rf8lQ2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

US Bancorp reports increase in Q2 net income

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Street Talk Episode 67 - Veteran investor tabs Mick Mulvaney to help with latest financial stock-focused fund

Street Talk Episode 65 - Deferral practices trap US bank portfolios in purgatory


US Bancorp reports increase in Q2 net income

Minneapolis-basedU.S. Bancorp on July 15reported second-quarter net income applicable to common shareholders of $1.44billion, or 83 cents per share, compared to $1.42 billion, or per share, in theyear-ago period.

The company noted in a news release that results for thesecond quarter of 2016 included notable items related to equity investments, legaland regulatory matters and charitable contributions that, combined, increaseddiluted earnings per common share by 1 cent.

TheS&P Capital IQ consensus estimate for normalized EPS for the most recentquarter was 80 cents.

Thecompany's net interest margin was 3.02% for the second quarter of 2016,compared to 3.06% in the linked quarter and 3.03% in the second quarter of 2015.

Nonperformingassets, excluding covered assets, were $1.67 billion at June 30, compared to$1.72 billion at March 31 and $1.58 billion at June 30, 2015. The increase innonperforming assets on a year-over-year basis was driven by commercial loanswithin the energy portfolio, partially offset by improvements in the company'sresidential and commercial real estate portfolios. The decrease innonperforming assets on a linked-quarter basis was driven by improvements inthe energy portfolio and in residential mortgages.

Thequarter's provision for credit losses was $327 million, compared to a provisionof $330 million in the linked quarter and $281 million in the second quarter of2015.

Netcharge-offs in the three-month period ended June 30 totaled $317 million,compared to $315 million in the previous quarter and $296 million in the secondquarter of 2015. Net charge-offs increased 0.6% compared to the first quarterdue mainly to modest increases in construction and development and credit cardnet charge-offs. The 7.1% year-over-year increase was due primarily to highercommercial loan net charge-offs, partially offset by lower charge-offs relatedto residential mortgages.