Summary
US Bancorp's (USB) 10-Q filing for the period ending March 30, 2011, indicates a continued focus on risk management and capital allocation. While specific financial performance metrics for the quarter are not detailed in the provided excerpts, the filing cross-references the company's Annual Report on Form 10-K for a comprehensive discussion of risk factors. Investors should review the 2010 10-K for a thorough understanding of potential headwinds impacting USB's business, financial results, and stock price. Furthermore, the filing points to the 'Capital Management' section of Part I for information regarding share repurchases in the first quarter of 2011. This suggests the company was actively managing its share count and potentially returning capital to shareholders. Investors interested in the company's capital structure and shareholder return policies should refer to this section for more granular details. The inclusion of the Ratio of Earnings to Fixed Charges exhibit also provides a metric for evaluating the company's ability to cover its fixed obligations.
Financial Highlights
36 data points| Interest Expense | $648.00M |
| Net Income | $1.05B |
| EPS (Basic) | $0.52 |
| EPS (Diluted) | $0.52 |
| Shares Outstanding (Basic) | 1.92B |
| Shares Outstanding (Diluted) | 1.93B |
Key Highlights
- 1The filing cross-references the 2010 10-K for a detailed discussion of risk factors impacting US Bancorp.
- 2Information regarding share repurchases in Q1 2011 is available in the 'Capital Management' section of Part I.
- 3The company appears to be actively managing its capital structure.
- 4The Ratio of Earnings to Fixed Charges exhibit is included, offering insight into debt servicing capabilities.
- 5No new material risk factors are detailed in this specific 10-Q excerpt; reliance is placed on the previous 10-K.
- 6The filing confirms the period ending March 30, 2011, and was filed on May 5, 2011.