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.