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U.S. Bancorp (USB) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
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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:
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.
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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U.S. Bancorp (USB) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
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.