For the quarter ended December 2022, U.S. Bancorp (USB - Free Report) reported revenue of $6.34 billion, up 12% over the same period last year. EPS came in at $1.20, compared to $1.07 in the year-ago quarter.
The reported revenue represents a surprise of -4.79% over the Zacks Consensus Estimate of $6.66 billion. With the consensus EPS estimate being $1.11, the EPS surprise was +8.11%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how U.S. Bancorp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net interest margin (FTE): 3.01% versus the seven-analyst average estimate of 2.9%.
- Total earning assets-Average balance: 572678 million compared to the 564520.9 million average estimate based on seven analysts.
- Efficiency Ratio [%]: 63.3% versus 57.45% estimated by six analysts on average.
- Net charge-off as % of Average loans: 0.64% versus 0.24% estimated by five analysts on average.
- Total Non-Performing Loans: $972 million versus $995.22 million estimated by four analysts on average.
- Total Non-Performing Assets: $1.02 billion versus the three-analyst average estimate of $1.06 billion.
- Other - noninterest income: $184 million compared to the $168.64 million average estimate based on seven analysts.
- Total Noninterest Income: $2.04 billion versus $2.47 billion estimated by seven analysts on average.
- Commercial products revenue: $264 million versus the seven-analyst average estimate of $272.37 million.
- Trust and investment management fees: $571 million versus $575.46 million estimated by six analysts on average.
- Mortgage banking revenue: $104 million versus the six-analyst average estimate of $79.99 million.
- Investment products fees and commissions: $58 million compared to the $55.91 million average estimate based on six analysts.
View all Key Company Metrics for U.S. Bancorp here>>>
Shares of U.S. Bancorp have returned +6.9% over the past month versus the Zacks S&P 500 composite's +4.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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For the quarter ended December 2022, U.S. Bancorp (USB - Free Report) reported revenue of $6.34 billion, up 12% over the same period last year. EPS came in at $1.20, compared to $1.07 in the year-ago quarter.
The reported revenue represents a surprise of -4.79% over the Zacks Consensus Estimate of $6.66 billion. With the consensus EPS estimate being $1.11, the EPS surprise was +8.11%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how U.S. Bancorp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for U.S. Bancorp here>>>
Shares of U.S. Bancorp have returned +6.9% over the past month versus the Zacks S&P 500 composite's +4.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Highest Returns for Any Asset Class
It’s not even close. Despite ups and downs, Bitcoin has been more profitable for investors than any other decentralized, borderless form of money.
No guarantees for the future, but in the past three presidential election years, Bitcoin’s returns were as follows: 2012 +272.4%, 2016 +161.1%, and 2020 +302.8%. Zacks predicts another significant surge in months to come.
Hurry, Download Special Report – It’s FREE >>
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