10-QPeriod: Q2 FY2012

US BANCORP \DE\ Quarterly Report for Q2 Ended Jun 30, 2012

Filed August 3, 2012For Securities:USBUSB-PHUSB-PPUSB-PRUSB-PQUSB-PSUSB-PA

Summary

US Bancorp (USB) reported its financial results for the second quarter of 2012, with the 10-Q filing providing insights into the company's performance and risk landscape. While the filing doesn't detail specific operational results in the provided excerpt, it directs investors to refer to the Annual Report on Form 10-K for comprehensive risk factors. Investors should note that the company's stock price and financial results can be influenced by a range of factors previously disclosed. The company also indicated that information regarding share repurchases during the second quarter of 2012 can be found within the 'Capital Management' section of the Management's Discussion and Analysis in Part I. This suggests an ongoing focus on capital allocation, potentially aiming to return value to shareholders.

Financial Statements
Beta
Interest Expense$570.00M
Net Income$1.42B
EPS (Basic)$0.71
EPS (Diluted)$0.71
Shares Outstanding (Basic)1.89B
Shares Outstanding (Diluted)1.90B

Key Highlights

  • 1The 10-Q filing for the period ending June 29, 2012, does not provide new detailed risk factors, instead referencing the company's 2011 10-K for a discussion of potential risks.
  • 2Investors are directed to the 'Capital Management' section within the Management's Discussion and Analysis for details on share repurchases made in Q2 2012.
  • 3The filing explicitly lists the 'Computation of Ratio of Earnings to Fixed Charges' as an exhibit, indicating this metric's importance for assessing financial leverage.
  • 4No significant new or updated risk factors were disclosed in the provided excerpt of the 10-Q filing.
  • 5The company appears to be continuing its capital management strategies, including potential share buybacks.

Frequently Asked Questions

The 10-Q filing for the period ending June 29, 2012, directs investors to refer to the "Risk Factors" section of US Bancorp's Annual Report on Form 10-K for the year ended December 31, 2011, for a comprehensive discussion of potential risks.

Information regarding shares repurchased by US Bancorp during the second quarter of 2012 can be found in the "Capital Management" section within Management's Discussion and Analysis (MD&A) in Part I of this filing.

The provided excerpt highlights the 'Computation of Ratio of Earnings to Fixed Charges' as a key exhibit, which is an important measure of a company's ability to cover its fixed financing obligations.