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published in Blogs
Jan 22, 2022
US Bancorp (USB, $55.08) misses Q4 earnings expectations

US Bancorp (USB, $55.08) misses Q4 earnings expectations

U.S. Bancorp reported fourth-quarter 2021 earnings per share of $1.07, which missed the Zacks Consensus Estimate of $1.11. The figure was 95 cents in the year-ago quarter.

The bank holding company’s total revenues fell -1.2% from the year-ago quarter to $5.6 billion. It marginally missed the Zacks Consensus Estimate of $5.76 billion.

Tax-equivalent NII was $3.2 billion in the reported quarter, down -1.6% year-over-year.

For full-year 2021, earnings per share was $5.10 per share, marginally missing the Zacks Consensus Estimate of $5.13. However, the  figure is substantially higher than the previous year’s $3.06 per share.

Related Tickers: USB