US Bancorp Announces Q2 2024 Operating Results: Revenue Drop and Earnings Adjustment
Wednesday, 17 July 2024, 13:18
US Bancorp Q2 2024 Financial Results
Financial services company U.S. Bancorp (NYSE: USB) disclosed its operating outcomes for the second quarter of 2024.
Key Points:
- Total net revenue dropped by 4% to $6.87 billion in June 2024.
- Adjusted net income decreased, impacting earnings.
- Book value per share saw a 6% year-over-year rise to $31.80.
In summary, US Bancorp faced a revenue decline and lower adjusted earnings in Q2 2024.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.