US Bancorp Announces Q2 2024 Operating Results: Revenue Drop and Earnings Adjustment

Wednesday, 17 July 2024, 13:18

U.S. Bancorp released its Q2 2024 financial results, revealing a 4% decrease in total net revenue to $6.87 billion compared to the previous year. The company reported lower adjusted net income for the quarter. Despite this, the book value per share increased by 6% year-over-year to $31.80. The post captures the financial performance of US Bancorp for Q2 2024, highlighting the revenue decline and earnings adjustments.
AlphaStreet
US Bancorp Announces Q2 2024 Operating Results: Revenue Drop and Earnings Adjustment

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.


Related posts


Newsletter

Get the most reliable and up-to-date financial news with our curated selections. Subscribe to our newsletter for convenient access and enhance your analytical work effortlessly.

Subscribe