U.S. Bancorp is forecasting a decline in net interest income for this year. In announcing its earnings Wednesday (April 17), the lender said it anticipates net interest income (NII) of $16.1 billion to $16.4 billion, down from earlier projection of at least $16.6 billion for the year.The bank’s NII for the quarter came to $3.9 billion, down 3.1% for the fourth quarter of 2023, and 14% year over year. This was “due to the impact of higher interest rates on deposit mix and pricing, partially offset by higher ...

财务表现 - 美国银行（USB）2024年第一季度调整后每股收益为90美分，略高于Zacks Consensus Estimate的预期[1] - USB的净利润（按GAAP计算）为13.2亿美元，较去年同期下降22.3%[4] - USB的总收入为66.9亿美元，同比下降6.4%，略低于Zacks Consensus Estimate[5] - USB的税前净利息收入为40.2亿美元，较去年同期下降14%，主要受存款结构和定价的影响[6] - USB的非利息收入同比增长7.7%，达到27亿美元，主要受各项费用收入的增加推动[7] - USB的非利息支出同比下降2.1%，达到44.6亿美元，主要受到几乎所有成本组成部分的减少影响[8] 风险管理 - USB的拨备总额为79亿美元，同比增长5.1%，不良资产达到17.9亿美元，较去年同期增长51.2%[11] 资本状况 - USB的资本比例有所改善，一级资本比例为11.6%，普通股一级资本比例为10%，有形普通股权益比有形资产比率为5.2%[13] 业务前景 - USB的业务模式稳健，多元化收入流使其在未来有望继续支持财务表现[14]

Key TakeawaysU.S. Bancorp's stock dipped Wednesday as the regional bank posted lower first-quarter revenue, increased its provision for credit losses, and cut its guidance.Net interest income declined 14% year-over-year, while its provision for credit losses went up 30%.The U.S. Bank parent reduced its full-year net interest income outlook by at least $200 million from its previous estimate. U.S. Bancorp (USB) shares dipped Wednesday as the regional bank posted lower first-quarter revenue, increased its pro ...

财务数据和关键指标变化 - 公司在第一季度报告每股收益0.78美元,其中包括0.12美元的特殊项目。剔除特殊项目后,每股收益为0.90美元 [8] - 公司资产负债表保持强劲,维持了良好的贷款审批纪律,并从数字化、技术和支付生态系统的多年投资中获益,体现在各业务线的强劲费用收入增长 [8] - 公司一季度普通股权一级资本(CET1)比率为10.0%,调整后的有形普通股权回报率为17.4% [9] 各条业务线数据和关键指标变化 - 公司贷款和存款增长仍受到行业压力的影响,影响了本季度的净利息收入 [11] - 公司支付业务收入增长4%,公司计划未来3年内将小企业关系增长15%-20%,相关收入增长25%-30% [15][16] - 公司资本市场、抵押贷款和其他业务线的费用收入保持强劲增长 [24][25] 各个市场数据和关键指标变化 - 公司存款中非计息存款占比持续下降,预计未来可能下降几个百分点 [73][76] - 公司贷款组合中约一半为固定利率,另一半为浮动利率,随着利率上升,浮动利率贷款利差有望改善 [168] 公司战略和发展方向及行业竞争 - 公司正采取措施提高运营效率,包括集中运营、采购和房地产管理等,以应对净息差压力 [34][65] - 公司将继续专注于为现有客户提供更多产品和服务,通过分支网点、关系经理等渠道深化客户关系 [134] 管理层对经营环境和未来前景的评论 - 管理层认为目前的净息差压力是暂时的,预计下半年及2025年净息收入将恢复增长 [98][99] - 管理层表示将密切关注经济环境的变化,采取必要的成本控制措施,维护整体盈利能力 [13][34] 问答环节重要的提问和回答 问题1 **Scott Siefers 提问** 询问净息差指引下调的主要原因 [40][41] **John Stern 回答** 解释了客户存款行为变化导致存款成本上升,以及贷款需求疲软等因素 [41][42] 问题2 **Ebrahim Poonawala 提问** 询问非计息存款的变化趋势 [73][75] **John Stern 回答** 预计非计息存款占比可能下降几个百分点,但整体存款水平将保持稳定 [76][178] 问题3 **Mike Mayo 提问** 询问为何在利率中性的情况下仍下调净息差指引 [166][167] **John Stern 回答** 解释了客户存款行为变化导致的影响,尽管利率敏感性保持中性 [166][167]

营收情况 - U.S. Bancorp在2024年第一季度报告的营收为66.9亿美元，同比下降6.4%[1] - 公司的营收与Zacks Consensus Estimate的67亿美元相比，出现了-0.16%的惊喜[2] 每股收益 - 公司的每股收益为0.90美元，较去年同期的1.16美元有所下降[1] - 公司的每股收益也出现了+1.12%的惊喜，达到了0.89美元[2] 财务表现 - U.S. Bancorp在最近报告的季度中表现如下[5]: - 效率比率为66.4%，低于六位分析师平均估计的62.5%[5] - 净利差(FTE)为2.7%，低于六位分析师平均估计的2.8%[5] - 总收益资产-平均余额为596.14亿美元，高于六位分析师平均估计的593.78亿美元[6] - 净核销贷款占平均贷款比例为0.5%，与五位分析师平均估计相同[6] - 总不良资产为17.9亿美元，高于四位分析师平均估计的15.9亿美元[6] - 总不良贷款为17.4亿美元，高于四位分析师平均估计的15.5亿美元[6] - 一级资本比率为11.6%，与两位分析师平均估计相同[6] - 杠杆比率为8.1%，与两位分析师平均估计相同[6] 股票表现 - U.S. Bancorp股票在过去一个月中下跌了2.9%，表现略逊于Zacks S&P 500综合指数的-1.1%变化[10]

U.S. Bancorp财报表现 - U.S. Bancorp在本季度每股盈利为0.90美元，超过了Zacks Consensus Estimate的0.89美元[1] - U.S. Bancorp在过去四个季度中，两次超过了市场预期的每股盈利[2] - U.S. Bancorp本季度的营收为66.9亿美元，低于Zacks Consensus Estimate[3] - U.S. Bancorp股价的短期走势将主要取决于管理层在财报电话会议中的评论[4]

财务业绩 - 美国银行公司报告了2024年第一季度净收入为15亿美元，调整后的每股收益为0.90美元，超出分析师预期[1][2] - 第一季度净收入为71亿美元，包括46.68亿美元的净利息收入和25.07亿美元的非利息收入[5] 收入和费用 - 非利息收入同比增长7.7%，环比下降1.4%，非利息支出同比下降2.7%，环比下降0.2%[8] 存款情况 - 第一季度平均总存款较上一季度增长0.1%，达到503,061百万美元，略高于上一季度[9] 股价表现 - 美国银行公司股价周三早盘持平，但在昨日收盘时下跌了1.06%，股价为41.00美元[10]

Supplemental Consolidated Schedules First Quarter 2024 QUARTERLY CONSOLIDATED STATEMENT OF INCOME (Dollars and Shares in Millions, Except Per Share Data) March 31, December 31, September 30, June 30, March 31, (Unaudited) 2024 2023 2023 2023 2023 Interest Income Loans $5,712 $5,742 $5,700 $5,605 $5,277 Loans held for sale 37 36 42 38 31 Investment securities 1,175 1,182 1,152 1,077 1,074 Other interest income 840 803 860 806 582 Total interest income 7,764 7,763 7,754 7,526 6,964 Interest Expense Deposits 2 ...

Wall Street expects a year-over-year decline in earnings on lower revenues when U.S. Bancorp (USB) reports results for the quarter ended March 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on April 17, 2024, might help the stock move higher if these key numbers are better than expecta ...

Changes to Basel III "endgame" rules could remove an overhang from this bank stock.Regulators have been working on proposed bank changes, called Basel III endgame, which they argue would help strengthen the financial system by requiring banks to hold more capital on their balance sheets. Banks pushed back against these rules, arguing they are well capitalized, and further capital requirements could limit them and their ability to lend to their customers.U.S. Bancorp (USB -0.44%) was one bank facing big ques ...