USB Q1 2023 Earnings — U.S. Bancorp Revenue & Financial Results | Market Cap Arena

USBU.S. Bancorp

$81B

Q1 2023 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$9.5B+62.9% YoY

Gross Profit

$6.7B70.9% margin

Operating Income

$2.2B22.8% margin

Net Income

$1.7B17.9% margin

EPS (Diluted)

$1.04

QoQ Revenue Growth

+18.1%

Cash Flow

Operating Cash Flow

$842M

Free Cash Flow

$842M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$682.4B

Total Liabilities

$628.9B

Stockholders' Equity

$53.0B

Cash & Equivalents

$67.2B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$9.5B	$5.8B	+62.9%
Gross Profit	$6.7B	$5.5B	+23.0%
Operating Income	$2.2B	$2.0B	+10.4%
Net Income	$1.7B	$1.6B	+9.1%

Revenue Segments

Consumer And Small Business Banking

$2.7B38%

Payment Services

$1.6B22%

Corporate and Other

$1.4B19%

Wealth Management And Investment Services

$1.2B17%

Treasury and Corporate Support

$297M4%