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US Bancorp Headlines: Miss On Revenue Expectations

FINANCIALS

US Bancorp headlines looks like a miss on credit losses and downgraded revenue expectations (but EPS beat):


  • U.S. BANCORP 1Q PROVISION FOR CREDIT LOSSES $553M, EST. $498M
  • U.S. BANCORP SEES 2024 NII $16.1B-$16.4B, SAW $16.6B PLUS
  • U.S. BANCORP 1Q NET INTEREST INCOME FTE $4.02B, EST. $4.04B
  • U.S. BANCORP 1Q NET INTEREST MARGIN 2.7%, EST. 2.75%
  • U.S. BANCORP 1Q BASEL III CET 1 RATIO 10%, EST. 10%
  • U.S. BANCORP 1Q ADJ EPS 90C, EST. 87C

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