10-QPeriod: Q1 FY2017

US BANCORP \DE\ Quarterly Report for Q1 Ended Mar 31, 2017

Filed May 5, 2017For Securities:USBUSB-PHUSB-PPUSB-PRUSB-PQUSB-PSUSB-PA

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
Beta

Revenue

$5.29B

Net Income

$1.47B

27.9% Net Margin

EPS (Diluted)

$0.82

Total Assets

$449.52B

Free Cash Flow

$3.19B

Financial Statements
Beta
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.

Frequently Asked Questions

For the three months ended March 31, 2017, U.S. Bancorp reported a net income attributable to the company of $1,473 million.

The company's Ratio of Earnings to Fixed Charges was 7.97 when excluding interest on deposits and 5.09 when including interest on deposits for the quarter ended March 31, 2017, indicating a strong ability to meet its financial obligations.

This specific filing incorporates by reference information on legal proceedings from Note 15 in the Consolidated Financial Statements and refers to the 'Risk Factors' section in the company's 2016 Annual Report on Form 10-K for a discussion of potential risks.

This ratio indicates the company's ability to cover its fixed financial obligations, including interest expenses and preferred stock dividends, from its earnings. For the period, U.S. Bancorp's ratios were 6.41 (excluding interest on deposits) and 4.45 (including interest on deposits), which are considered healthy.