trending Market Intelligence /marketintelligence/en/news-insights/trending/ypgfg464aTt-rvhrXzJwhg2 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 lower Q4'19 net income YOY

StreetTalk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk – Episode 69: Banks left with pockets full of cash and few places to go

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


US Bancorp reports lower Q4'19 net income YOY

Minneapolis-based U.S. Bancorp reported net income applicable to common shareholders of $1.41 billion, or 90 cents per share, for the fourth quarter of 2019, compared with $1.78 billion, or $1.10 per share, in the same period in 2018.

The S&P Global Market Intelligence consensus GAAP EPS estimate for the fourth quarter of 2019 was $1.09.

Average total loans for the most recent quarter were $294.87 billion, compared with $292.44 billion for the third quarter of 2019 and $283.68 billion for the fourth quarter of 2018. Average total deposits were $356.45 billion for the most recent quarter, compared with $349.93 billion in the previous quarter and $334.37 billion in the year-ago quarter.

Total net revenue for the period fell 2.8% year over year to $5.67 billion from $5.83 billion.

Net interest income for the fourth quarter of 2019 fell 2.9% year over year to $3.21 billion from $3.30 billion.

The bank's provision for credit losses increased 7.3% to $395 million for the most recent quarter from $368 million in the year-ago quarter.

Net interest margin was 2.92% in the fourth quarter of 2019, down from 3.02% in the preceding quarter and 3.15% in the year-ago quarter.

For full year 2019, the company reported net income applicable to common shareholders of $6.58 billion, or $4.16 per share, compared with $6.78 billion, or $4.14 per share, in 2018.

The S&P Global Market Intelligence consensus GAAP EPS estimate for 2019 was $4.34.