Summary
U.S. Bancorp's Q1 2019 10-Q filing, filed on May 8, 2019, primarily directs investors to other sections of the report and its previous 10-K filing for detailed financial and risk information. The report confirms that legal proceedings are addressed in Note 16 of the Consolidated Financial Statements, and risk factors are elaborated in the 2018 Form 10-K. Investors seeking details on share repurchases will find this information within the "Capital Management" section of the Management's Discussion and Analysis. The filing also includes standard executive certifications (Forms 31.1, 31.2, and 32) affirming the accuracy of the financial statements. The inclusion of XBRL (eXtensible Business Reporting Language) exhibits (Exhibit 101) indicates that the detailed financial statements, including the Consolidated Balance Sheet, Statement of Income, and Cash Flows, are available in a machine-readable format. This filing serves as a procedural update, consolidating references rather than presenting new material financial data.
Financial Highlights
35 data points| Revenue | $5.58B |
| Interest Expense | $1.09B |
| Net Income | $1.70B |
| EPS (Basic) | $1.01 |
| EPS (Diluted) | $1.00 |
| Shares Outstanding (Basic) | 1.60B |
| Shares Outstanding (Diluted) | 1.60B |
Key Highlights
- 1Legal proceedings are detailed in Note 16 of the Consolidated Financial Statements.
- 2Risk factors are comprehensively discussed in the Company's 2018 Annual Report (10-K).
- 3Information on share repurchases during Q1 2019 is available in the "Capital Management" section.
- 4The filing includes certifications from the CEO and CFO, attesting to the accuracy of financial reporting.
- 5Exhibit 101 provides financial statements in XBRL format for enhanced data analysis.
- 6The report covers the period ending March 30, 2019.