US Bancorp Q1 2024 Earnings: Key Highlights and Financial Metrics
Wednesday, 17 April 2024, 11:00
US Bancorp Q1 2024 Earnings Report
US Bancorp (NYSE: USB) announced its first quarter 2024 earnings results with key financial metrics:
- Total net revenue decreased 6.4% year-over-year to $6.7 billion.
- Net income for common shareholders dropped 24.1% to $1.20 billion.
- EPS declined by 25% to $0.78 compared to the previous year.
- Adjusted EPS fell by 22.4% to $0.90.
- Provision for credit losses increased to $553 million.
- Total net charge-offs were $488 million.
This indicates a challenging quarter for US Bancorp.
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