On April 18, U.S. Bancorp
- The bank saw healthy growth in non-interest income, partially because of the acquisition of Wachovia's
(NYSE:WB) trust business. - ROA and ROE were among the highest in the industry.
- Net interest income fell 1.7% because of the tough interest rate environment and management's efforts to limit exposure to rising rates.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Avg. Est. |
Q1 2006 |
Q1 2005 |
% Change |
|
|---|---|---|---|---|
|
Total Revenue |
- |
$3,214 |
$2,954 |
+8.8% |
|
Net Interest Income |
- |
$1,715 |
$1,744 |
-1.7% |
|
Net Profit |
- |
$1,153 |
$1,071 |
+7.7% |
|
EPS |
$0.62 |
$0.63 |
$0.57 |
+10.5% |
Get back to basics with a look at the income statement.
Ratio Checkup
|
Q1 2006 |
Q1 2005 |
Change |
|
|---|---|---|---|
|
Net Interest Margin |
3.80% |
4.08% |
-0.28% |
|
Efficiency Ratio |
44.90% |
41.70% |
+3.20% |
|
Nonperforming Assets/Assets |
0.29% |
0.34% |
-0.04% |
|
Return on Average Assets |
2.23% |
2.21% |
+0.02% |
|
Return on Average Equity |
23.30% |
21.90% |
+1.40% |
Get the scoop on bank ratios.
Balance Sheet Highlights
|
Assets |
Q1 2006 |
Q1 2005 |
% Change |
|---|---|---|---|
|
Investment Securities |
$39,396 |
$43,103 |
-8.6% |
|
Loans |
$140,835 |
$130,540 |
+7.9% |
|
Liabilities |
|||
|---|---|---|---|
|
Deposits |
$121,744 |
$119,718 |
+1.7% |
|
Total Liabilities |
$189,651 |
$179,258 |
+5.8% |
Related Companies:
-
Citigroup
(NYSE:C) -
JPMorgan Chase
(NYSE:JPM) -
BB&T
(NYSE:BBT) -
Wells Fargo
(NYSE:WFC) -
Bank of America
(NYSE:BAC)
Related Foolishness:
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Bank of America, JPMorgan Chase, and U.S. Bancorp are all Motley Fool Income Investor recommendations. Take the newsletter dedicated to great dividend-paying stocks for a30-day free trial.
At the time of publication, Joseph Khattab had no positions in the companies mentioned. Fool rules are here .
