On Jan. 16, US Bancorp
- Net income was up 4.5%, primarily driven by solid growth in fee-based businesses, excellent credit quality, and controlled operating expenses.
- Decline in the net interest margin reflects the competitive lending environment and the impact of yield curve on interest rates.
- Strong growth in credit cards, payment processing, and trust services boosted non-interest income.
- US Bancorp is an Income Investor recommendation, and it carries a four-star rating in Motley Fool CAPS.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q4 2006 |
Q4 2005 |
Change |
|
|---|---|---|---|
|
Total Revenue |
$3,240 |
$3,116 |
4.0% |
|
Net Interest Income |
$1,680 |
$1,775 |
(5.4%) |
|
Net Profit |
$1,194 |
$1,143 |
4.5% |
|
EPS |
$0.66 |
$0.62 |
6.5% |
Get back to basics with a look at the income statement.
Ratio Checkup
|
Q4 2006 |
Q4 2005 |
Change* |
|
|---|---|---|---|
|
Net Interest Margin |
3.56% |
3.88% |
(0.32%) |
|
Efficiency Ratio |
47.20% |
43.30% |
3.90% |
|
Nonperforming Assets / Assets |
0.27% |
0.31% |
(0.04%) |
|
Return on Average Assets |
2.18% |
2.18% |
0.00% |
|
Return on Average Equity |
23.20% |
22.60% |
0.60% |
Find out more about bank performance ratios.
Balance Sheet Highlights
|
Assets |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Investments |
$40,117 |
$39,768 |
0.9% |
|
Loans |
$146,853 |
$139,492 |
5.3% |
|
Liabilities |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Deposits |
$124,882 |
$124,709 |
0.1% |
|
Total Liabilities |
$198,035 |
$189,379 |
4.6% |
Learn about bank assets and bank liabilities.
Related Companies:
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Fifth Third Bancorp
(NASDAQ:FITB) -
Northern Trust Corp
(NASDAQ:NTRS) -
Marshall & Ilsley
(NYSE:MI) -
National City
(NYSE:NCC) -
Comerica
(NYSE:CMA)
Related Foolishness:
- US Bancorp's Glass Is Half Full
- U.S. Bancorp: Cheap Is Still Beautiful
- Northern Trust on Shakier Ground
National City and USB are Income Investor selections. Discover more great dividend-paying stocks with a free 30-day trial.
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