Summary
U.S. Bancorp (USB) filed its quarterly report for the period ending March 30, 2017. The filing highlights the company's financial performance and regulatory compliance. Notably, the report includes the computation of its Ratio of Earnings to Fixed Charges and Ratio of Earnings to Fixed Charges and Preferred Stock Dividends, which are key indicators of its ability to meet its financial obligations. Investors can find detailed financial statements, including consolidated balance sheets and income statements, formatted in XBRL for easier analysis. The filing also incorporates by reference important information regarding legal proceedings and risk factors from previous SEC filings, emphasizing the company's commitment to transparency and investor information.
Financial Highlights
34 data points| Revenue | $5.29B |
| Interest Expense | $413.00M |
| Net Income | $1.47B |
| EPS (Basic) | $0.82 |
| EPS (Diluted) | $0.82 |
| Shares Outstanding (Basic) | 1.69B |
| Shares Outstanding (Diluted) | 1.70B |
Key Highlights
- 1For the three months ended March 31, 2017, U.S. Bancorp reported net income attributable to the company of $1,473 million.
- 2The company's ability to cover its fixed charges is robust, with a Ratio of Earnings to Fixed Charges of 7.97 (excluding interest on deposits) and 5.09 (including interest on deposits).
- 3When considering preferred stock dividends, the Ratio of Earnings to Fixed Charges and Preferred Dividends remains strong at 6.41 (excluding interest on deposits) and 4.45 (including interest on deposits).
- 4Interest expense on deposits for the period amounted to $199 million.
- 5The filing includes certifications from the CEO and CFO, demonstrating adherence to Sarbanes-Oxley Act requirements.
- 6Detailed financial statements in XBRL format are provided, enhancing accessibility for financial analysis.
- 7Reference is made to Note 15 in the Consolidated Financial Statements for information on legal proceedings.