EARNINGS ANALYSIS: U.S. Bancorp's Earnings Fell Slightly In The First Quarter But Were Still Stronger Than Most Peers' - S&P Global Ratings’ Credit Research

EARNINGS ANALYSIS: U.S. Bancorp's Earnings Fell Slightly In The First Quarter But Were Still Stronger Than Most Peers'

EARNINGS ANALYSIS: U.S. Bancorp's Earnings Fell Slightly In The First Quarter But Were Still Stronger Than Most Peers' - S&P Global Ratings’ Credit Research
EARNINGS ANALYSIS: U.S. Bancorp's Earnings Fell Slightly In The First Quarter But Were Still Stronger Than Most Peers'
Published Apr 16, 2014
1421 words — Published Apr 16, 2014
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

NEW YORK (Standard&Poor's) April 16, 2014--U.S. Bancorp's (USB) net income declined 2.2% (year over year) in the first quarter to $1.4 billion, largely because of lower mortgage banking revenue, partially offset by a 24% reduction in the provision for credit losses. Still, USB was able to deliver above-peer results, including return on assets of 1.56%. We believe the bank is well positioned to deliver earnings growth in 2014 because of continued market share gains. Notably, average loans rose 6.0%, reflecting a broad-based increase across loan categories, with particular strength in commercial and commercial real estate loans. Commitments to lend were also higher, which over time should support future loan growth. Based on these results, our ratings on USB

  
Brief Excerpt:

RESEARCH EARNINGS ANALYSIS: U.S. Bancorp's Earnings Fell Slightly In The First Quarter But Were Still Stronger Than Most Peers' Publication date: 16-Apr-2014 Primary Credit Analyst: Rian M Pressman, CFA, New York (1) 212-438-2574;...

  
Report Type:

News

Ticker
USB
Issuer
U.S. Bancorp
GICS
Diversified Banks (40101010)
Sector
Global Issuers , Public Finance , Structured Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
Buy Now

More from S&P Global Ratings’ Credit Research

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "EARNINGS ANALYSIS: U.S. Bancorp's Earnings Fell Slightly In The First Quarter But Were Still Stronger Than Most Peers'" Apr 16, 2014. Alacra Store. May 04, 2025. <http://www.alacrastore.com/s-and-p-credit-research/EARNINGS-ANALYSIS-U-S-Bancorp-s-Earnings-Fell-Slightly-In-The-First-Quarter-But-Were-Still-Stronger-Than-Most-Peers-1297969>
  
APA:
S&P Global Ratings’ Credit Research. (). EARNINGS ANALYSIS: U.S. Bancorp's Earnings Fell Slightly In The First Quarter But Were Still Stronger Than Most Peers' Apr 16, 2014. New York, NY: Alacra Store. Retrieved May 04, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/EARNINGS-ANALYSIS-U-S-Bancorp-s-Earnings-Fell-Slightly-In-The-First-Quarter-But-Were-Still-Stronger-Than-Most-Peers-1297969>
  
US$ 150.00
$  £  €
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Residential Mortgage-Backed Securities from one place.