Summary
U.S. Bancorp's (USB) 10-Q filing for the period ending June 29, 2011, provides limited new disclosures in Part II, primarily referencing the company's Annual Report on Form 10-K for a comprehensive discussion of risk factors and details on share repurchases. Investors should refer to the Q2 2011 earnings release and the previously filed 10-K for a more complete understanding of the company's performance and strategic positioning during this period. The filing highlights the "Computation of Ratio of Earnings to Fixed Charges" as a key exhibit, indicating a focus on the company's ability to meet its debt obligations. Investors seeking detailed financial performance, such as revenue, net income, and balance sheet changes, will need to consult other parts of the filing (Part I) or the company's earnings release, as these are not elaborated upon in the provided excerpts of Part II.
Financial Highlights
36 data points| Interest Expense | $631.00M |
| Net Income | $1.20B |
| EPS (Basic) | $0.61 |
| EPS (Diluted) | $0.60 |
| Shares Outstanding (Basic) | 1.92B |
| Shares Outstanding (Diluted) | 1.93B |
Key Highlights
- 1Part II of the filing largely directs investors to previously filed documents (2010 10-K and Q2 2011 earnings release) for key information.
- 2Risk factors affecting the company's business, financial results, and stock price are detailed in the 2010 Annual Report on Form 10-K.
- 3Information regarding share repurchases during the second quarter of 2011 is available in the "Capital Management" section of Part I's Management's Discussion and Analysis.
- 4The filing includes Exhibit 12: Computation of Ratio of Earnings to Fixed Charges, demonstrating the company's leverage and ability to service debt.
- 5The document emphasizes that no significant new risk factors or equity sales events occurred during the reported quarter that warranted separate disclosure in Part II.