U.S. Bancorp.

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Other Pre-Announcement

U.S. Bancorp - Q2 Diluted Earnings Per Common Share $1.28

Published: 07/15/2021 10:59 GMT
U.S. Bancorp. (USB) - Qtrly Diluted Earnings per Common Share $1.28.
Qtrly Net Revenue of $5,783 Million, Including $3,164 Million of Net Interest Income and $2,619 Million of Noninterest Income.
Qtrly Net Charge-off Ratio of 0.25% in 2q21 Compared With 0.31% in 1q21 and 0.55% in 2q20.
Allowance for Credit Losses Declined $350 Million During the Quarter Given Improving Economic Outlook and Credit Trends.
Qtrly Net Interest Income $3,164 Million Versus $3,224 Million.
Cet1 Capital Ratio Up to 9.9% at June 30, 2021, Versus 9.0% at June 30, 2020.
Qtrly Provision for Credit Losses Benefit of $170 Million Versus Benefit of $827 Million Sequentially.
Q2 Earnings per Share View $1.14, Revenue View $5.62 Billion -- Refinitiv Ibes Data (analyst estimates).