Summary
This 10-Q filing for U.S. Bancorp for the period ending September 29, 2018, provides key financial metrics and disclosures. The company reported strong earnings, with net income attributable to U.S. Bancorp of $1.815 billion for the third quarter and $5.240 billion for the first nine months of 2018. The company also demonstrated robust coverage ratios for its fixed charges, indicating a solid ability to meet its debt obligations. Investors should note the information regarding share repurchases detailed in the "Capital Management" section, as well as the standard disclosures on legal proceedings and risk factors. The filing also includes the usual certifications from the CEO and CFO, underscoring the reliability of the financial data presented. Overall, the report suggests a stable financial performance for U.S. Bancorp during this period.
Financial Highlights
35 data points| Revenue | $5.70B |
| Interest Expense | $872.00M |
| Net Income | $1.81B |
| EPS (Basic) | $1.06 |
| EPS (Diluted) | $1.06 |
| Shares Outstanding (Basic) | 1.63B |
| Shares Outstanding (Diluted) | 1.63B |
Key Highlights
- 1Net income attributable to U.S. Bancorp was $1.815 billion for the three months ended September 30, 2018.
- 2Net income attributable to U.S. Bancorp for the nine months ended September 30, 2018, reached $5.240 billion.
- 3The ratio of earnings to fixed charges (excluding interest on deposits) was 6.55 for the third quarter and 7.08 for the nine-month period, indicating strong coverage.
- 4The ratio of earnings to fixed charges including interest on deposits was 3.52 for the third quarter and 3.79 for the nine-month period, also showing healthy coverage.
- 5The company has filed certifications from its CEO and CFO, as required by SEC regulations.
- 6Information on shares repurchased during the third quarter of 2018 is available in the "Capital Management" section.
- 7The filing references Note 15 in the Notes to Consolidated Financial Statements for details on legal proceedings.