On April 17, US Bancorp
- Earnings declined as growth in fee-based revenues was more than offset by increased credit costs and higher expenses.
- Non-interest income growth was driven by organic business growth and expansion in payment-processing and trust businesses.
- USB's ROE and ROA ratios remain among the industry's highest.
- US Bancorp is an Income Investor recommendation and has a four-star rating in Motley Fool CAPS. Give Income Investor a free trial to learn more about the company and other top banks like fellow pick Bank of America
(NYSE:BAC) .
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q1 2007 |
Q1 2006 |
Change |
|
|---|---|---|---|
|
Total Revenue |
$3,185 |
$3,224 |
(1.2%) |
|
Net Interest Income |
$1,666 |
$1,725 |
(3.4%) |
|
Net Profit |
$1,130 |
$1,153 |
(2%) |
|
EPS |
$0.63 |
$0.63 |
0% |
Get back to basics with a look at the income statement.
Ratio Checkup
|
Q1 2007 |
Q1 2006 |
Change* |
|
|---|---|---|---|
|
Net Interest Margin |
3.51% |
3.80% |
(0.29%) |
|
Efficiency Ratio |
46.00% |
44.90% |
1.10% |
|
Nonperforming Assets / Assets |
0.26% |
0.29% |
(0.03%) |
|
Return on Average Assets |
2.09% |
2.23% |
(0.14%) |
|
Return on Average Equity |
22.40% |
23.30% |
(0.90%) |
Find out more about bank performance ratios.
Balance Sheet Highlights
|
Assets |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Investments |
$40,591 |
$39,396 |
3% |
|
Loans |
$146,893 |
$138,800 |
5.8% |
|
Liabilities |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Deposits |
$118,060 |
$121,744 |
(3%) |
|
Total Liabilities |
$200,648 |
$189,651 |
5.8% |
Learn about bank assets and bank liabilities.
Related Foolishness:
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