USB Q1 2024 Earnings — U.S. Bancorp Revenue & Financial Results | Market Cap Arena

USBU.S. Bancorp

$81B

Q1 2024 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$10.5B+10.5% YoY

Gross Profit

$6.1B58.6% margin

Operating Income

$1.7B16.0% margin

Net Income

$1.3B12.6% margin

EPS (Diluted)

$0.78

QoQ Revenue Growth

+0.8%

Cash Flow

Operating Cash Flow

$2.7B

Free Cash Flow

$2.7B

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$683.6B

Total Liabilities

$627.6B

Stockholders' Equity

$55.6B

Cash & Equivalents

$77.0B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$10.5B	$9.5B	+10.5%
Gross Profit	$6.1B	$6.7B	-8.7%
Operating Income	$1.7B	$2.2B	-22.5%
Net Income	$1.3B	$1.7B	-22.3%

Revenue Segments

Consumer And Small Business Banking

$2.4B34%

Wealth Management And Investment Services

$2.4B33%

Payment Services

$2.2B31%

Treasury and Corporate Support

$185M3%