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Us Bancorp De  (USB)
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    Sector  Financial    Industry Money Center Banks
 
 

EARNINGS REPORT by CSIMarket

Decline in Earnings despite Increase in Demand


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Us Bancorp De announced forth quarter 2016 operating income of $3945 millions



Us Bancorp De reported declining eps on increasing revenue in the forth quarter 2016, where Revenue grew by 3.91 % to $5.04 billions in comparison to $4.85 billions on a year-over-year basis, while earnings decreased by -1.27 % to $0.82 per share, income per share was $0.83 in the same quarter a year ago.

In the previous quarter company realized Revenue of $5.01 billions and bottom line of $0.84 per share.

Net income of $1,491 millions in the forth quarter 2016 increased by 0.13 % from net earnings of $1,489 millions reported in the forth quarter 2016 a year ago. Us Bancorp De shifted it's focus on improving sales in the forth quarter 2016, as a result net margin eased to 29.56%.

Analysing further company's results, an astounding rise of 15.93% in Interest Margin to 3.42 explains the forth quarter 2016 performance.
Continuing with Us Bancorp De's forth quarter 2016 report, company pointed out increase in: Efficiency Ratio 54.48 up 1.5 %.
Whereas Nonperforming Assets Ratio posted highest contraction, other declines where in, Interest rate Spread down -0.11 %, Tier1 Capital Ratio down -0.2 %, Total Capital Ratio down -0.5 %, Leverage Ratio down -0.1 %, report shows. Looking into financial results for the fiscal year 2016, Us Bancorp De reported Revenues of $19.78 billions and net income of $5.94 billions.

Money Center Banks Company explained also, that Income improved by 2.53 % to $3.24 per share from $3.16 in the previous fiscal year, while Revenues increased by 4.32 % from $18.96 billions a year ago.

Us Bancorp De is expected to report next financial results on April 17, 2017.
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Other USB's Earnings Reports

Us Bancorp De reported third quarter 2016 earnings

Us Bancorp De reported second quarter 2016 earnings

Us Bancorp De reported first quarter 2016 earnings

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