Summary
U.S. Bancorp's (USB) Q1 2015 10-Q filing indicates a solid financial performance for the quarter ending March 31, 2015. The company reported net income attributable to U.S. Bancorp of $1,431 million. This demonstrates the bank's continued profitability and operational efficiency. The filing also provides a computation of the ratio of earnings to fixed charges. Excluding interest on deposits, this ratio stood at a robust 8.00, and including interest on deposits, it was 5.88. These ratios suggest that the company has ample earnings to cover its fixed charges, indicating a healthy financial leverage and ability to meet its debt obligations. Investors can take comfort in these figures as they reflect a stable financial position.
Financial Highlights
34 data pointsBeta
Financial Statements
Beta
| Revenue | $4.91B |
| Interest Expense | $363.00M |
| Net Income | $1.43B |
| EPS (Basic) | $0.77 |
| EPS (Diluted) | $0.76 |
| Shares Outstanding (Basic) | 1.78B |
| Shares Outstanding (Diluted) | 1.79B |
Key Highlights
- 1Net income attributable to U.S. Bancorp for the first quarter of 2015 was $1,431 million.
- 2The company's Ratio of Earnings to Fixed Charges, excluding interest on deposits, was a strong 8.00.
- 3The Ratio of Earnings to Fixed Charges, including interest on deposits, was 5.88.
- 4The filing incorporates by reference legal proceedings information from the prior 10-K and notes to financial statements.
- 5Risk factors are also referenced from the Company’s Annual Report on Form 10-K for the year ended December 31, 2014.
- 6Information on share repurchases during Q1 2015 is available in the Capital Management section of Part I.
- 7The filing includes standard CEO and CFO certifications regarding financial reporting accuracy.
Frequently Asked Questions
U.S. Bancorp reported a net income attributable to U.S. Bancorp of $1,431 million for the first quarter of 2015.
The company's financial health is indicated by its Ratio of Earnings to Fixed Charges. Excluding interest on deposits, the ratio was 8.00, and including interest on deposits, it was 5.88. Both figures suggest a comfortable ability to meet its fixed charge obligations.
The filing refers investors to the 'Risk Factors' section of U.S. Bancorp's Annual Report on Form 10-K for the year ended December 31, 2014, for a discussion of these risks.
Yes, the filing indicates that information regarding shares repurchased by the Company during the first quarter of 2015 can be found in the 'Capital Management' section within Management’s Discussion and Analysis in Part I.